Masterwork Inc in Valparaiso, Indiana (IN)
Table of contents:
| Masterwork Inc | |
| Employer Identification Number (EIN) | 262216342 |
| Name of Organization | Masterwork Inc |
| In Care of Name | William J Mcclure |
| Address | 1954 Kankakee Ct, Valparaiso, IN 46385-6119 |
| Subsection | Charitable Organization |
| Ruling Date | 09/2010 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2014 |
| Assets | $10,000 to $24,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $17,309 |
| Amount of Income | $108,900 |
| Form 990 Revenue Amount | $108,900 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Educational Services and Schools - Other |
Non-representatives - add comments:
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $73,412 | $86,917 | $99,013 |
| Contributions, gifts, grants, and similar amounts received | $26,484 | $44,175 | $59,450 |
| Program service revenue including government fees and contracts | $46,928 | $42,742 | $39,563 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $63,742 | $101,995 | $99,082 |
| Total net assets | $26,683 | $11,605 | $11,536 |
| Excess/Deficit for the year | $9,670 | $-15,078 | $-69 |
| Net assets or fund balances at beginning of year | $17,013 | $26,683 | $11,605 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $11,605 | $11,536 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $26,683 | $14,636 | $18,375 |
| Total liabilities | $0 | $3,031 | $6,839 |
| Net assets or fund balances | $26,683 | $11,605 | $11,536 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | Yes | Yes | |
| Total amount involved | $3,031 | $6,839 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $362,477 |
| Subtotal | $362,477 |
| Gifts, grants, contributions, and membership fees received | $143,959 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $218,518 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $362,477 |
| Public support | $362,477 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
| Write your review! |
|
|
| Recently Added Reviews |
Rotary International, Kendallville Rotary Club in Kendallville, IN
  |
|
Naptown Riders Motorcycle Club in Indianapolis, IN
|
| A Hoof And A Prayer Horse Rescue Inc in Haubstadt, IN |
| Nulltown Wingnuts Inc in Connersville, IN |
|
Lennoxs Legacy Rescue Inc in Decatur, IN
|
|
Columbus Regional Hospital in Columbus, IN
|
|
Order Of The Amaranth Inc, Grand Court Of Indiana in Evansville, IN
|
| Franklin Township Youth Basketball in Indianapolis, IN |
| Iglesia Nueva Vida in Jasper, IN |
|
New Life J R Jessee Recovery House in Indianapolis, IN
|
| Other organizations in Indiana | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Little League Baseball Inc, 1141106 Chet Waggoner Ll | 50611 Lilac Rd, South Bend, IN 46628-9332 | IN | 1967-01 | $117,735 |
| 2 | Little Paws On The Prairie Ltd | 19123 Mule Barn Rd, Westfield, IN 46074-7709 | IN | 2010-06 | $2,100 |
| 3 | Little Tykes Day Care Ministry Inc | 920 E Gerhart St, Kokomo, IN 46901-1533 | IN | 2010-02 | $8,539 |
| 4 | Living Well In Wabash County Coa Inc | PO BOX 447, Wabash, IN 46992-0447 | IN | 1985-05 | $821,671 |
| 5 | Lous Lads Foundation Inc | 30 S Meridian St Ste 600, Indianapolis, IN 46204-3573 | IN | 2009-05 | $27,414 |
| 6 | Lyric Opera Theatre Of Indiana | 415 W Griffith St, Galveston, IN 46932-9513 | IN | 2010-07 | $4,705 |
| 7 | Madison Hall Inc | 224 W Harrison St, Oakland City, IN 47660-1228 | IN | 1982-12 | $1 |
| 8 | Managed Emergency Surge For Healthcare Inc | 3930 Georgetown Rd, Indianapolis, IN 46254-2406 | IN | 2010-09 | $934,149 |
| 9 | Marion Band Boosters Association | PO BOX 646, Marion, IN 46952-0646 | IN | 2010-02 | $61,616 |
| 10 | Martin Luther King Jr Commemorative Coalition | 3277 S Anton St, Terre Haute, IN 47802-9308 | IN | 2003-06 | $2,555 |
| 11 | Masterwork Inc | 1954 Kankakee Ct, Valparaiso, IN 46385-6119 | IN | 2010-09 | $108,900 |
| 12 | Maverick Aquatics | 3228 Sherwood Dr S, Lafayette, IN 47909-6123 | IN | 2014-05 | $0 |
| 13 | Melissa Deluca Foundation, Melissas Foundation | 6117 Partridge Pl, Floyds Knobs, IN 47119-9426 | IN | 2010-04 | $16,710 |
| 14 | Merrell Family Foundation | 488 Banbury Rd, Noblesville, IN 46062 | IN | 2009-10 | $1 |
| 15 | Mid America Cooperative Eduacation Inc | 6302 Rucker Road, Indianapolis, IN 46220-4886 | IN | 2009-03 | $106,943 |
| 16 | Mid East West Foundation Inc | PO BOX 502834, Indianapolis, IN 46250-7834 | IN | 2009-07 | $2,477 |
| 17 | Milan Rescue 30 Inc | PO BOX 215, Milan, IN 47031-0215 | IN | 2010-09 | $235,318 |
| 18 | Milton Cemetery Association Inc | P O Box 164, Milton, IN 47357 | IN | 1957-11 | $106,882 |
| 19 | Miracle Ride Foundation Ii Indianapolis Air Show | C/O R Thomson 7800 Col Weir Cook Memor, Indianapolis, IN 46241 | IN | 2009-02 | $33,243 |
| 20 | Moffitt-Peelle Foundation Inc | 5899 Silas Ct, Carmel, IN 46033-8832 | IN | 1998-05 | $3,087 |
Organization representatives - add corrected or new information about Masterwork Inc »
Non-representatives - add comments about Masterwork Inc»