Musicians Without Borders Usa Ltd in Gary, Indiana (IN)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Musicians Without Borders Usa Ltd | |
| Employer Identification Number (EIN) | 203978177 |
| Name of Organization | Musicians Without Borders Usa Ltd |
| In Care of Name | Michael Greenwald |
| Address | 8201 Lake Shore Dr, Gary, IN 46403-1466 |
| Subsection | Charitable Organization |
| Ruling Date | 01/2009 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 06/2011 |
| Assets | $10,000 to $24,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $4,617 |
| Amount of Income | $34,893 |
| Form 990 Revenue Amount | $25,370 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2011: $34,893 (it was $100,358 in 2010)
| This organization: | $34,893 |
| Other organizations performing similar types of work: | $79,074 |
Assets in 2011: $4,617 (it was $11,764 in 2010)
| Musicians Without Borders Usa Ltd: | $4,617 |
| Other organizations performing similar types of work: | $63,467 |
Expenses in 2011: $36,113
| This organization: | $36,113 |
| Other organizations performing similar types of work: | $40,000 |
Income to expenses ratio in 2011: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2011: 99.8%
| This organization: | 99.8% |
| Other organizations performing similar types of work: | 9.0% |
Revenue for 2011
Expenses for 2011
Assets for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $25,370 | $42 | $0 | |
| Contributions, gifts, grants, etc., received | $25,328 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $42 | |||
| Total expenses and disbursements | $36,113 | $0 | $26,113 | $10,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $26,113 | $0 | $0 | |
| Contributions, gifts, grants paid | $10,000 | |||
| Excess of revenue over expenses and disbursements | $-10,743 | |||
| Net investment income | $42 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $4,617 | $4,617 |
| Cash - non-interest-bearing | $1,180 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $3,437 | |
| Total liabilities | $7,741 | |
| Mortgages and other notes payable | $0 | |
| Other | $7,741 | |
| Total liabilities and net assets/fund balances | $-3,124 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $42 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $1 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $1 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | Yes |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $4,067 |
| Net value of noncharitable-use assets | $4,000 |
| Minimum investment return | $200 |
| Distributable Amount (for 2011) | |
| Distributable amount | $199 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $199 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Conner Prairie Foundation Inc | 13400 Allisonville Rd, Fishers, IN 46038-3457 | IN | 2005-11 | $30,339,460 |
| 2 | World War Ii Theatre Inc | 945 Magazine St, New Orleans, LA 70130-3813 | LA | 2009-04 | $562,501 |
| 3 | Red Skelton Museum Foundation Inc | 1002 N 1st St, Vincennes, IN 47591-1504 | IN | 2007-04 | $299,554 |
| 4 | Westfield Band Boosters Association Inc | PO BOX 645, Westfield, IN 46074-0645 | IN | 2005-02 | $199,999 |
| 5 | Force Band Aides | 700 N Union St, Winchester, IN 47394-1232 | IN | 2010-02 | $109,977 |
| 6 | Chs New Era | 1 Eagle Dr, Churubusco, IN 46723-1400 | IN | 2007-02 | $71,362 |
| 7 | Tippe Canoe County Historical Association Foundation | 1001 South St, Lafayette, IN 47901-1571 | IN | 2002-11 | $48,965 |
| 8 | Musicians Without Borders Usa Ltd | 8201 Lake Shore Dr, Gary, IN 46403-1466 | IN | 2009-01 | $34,893 |
| 9 | East Central Band Boosters Association | 1 Trojan Ln, Brookville, IN 47012-8421 | IN | 2006-05 | $34,435 |
| 10 | Saving Historic Orange Countysupporting Organization Inc | 112 W Water St, Paoli, IN 47454-1347 | IN | 2008-11 | $20,000 |
| 11 | Ind Foundation Inc | 3388 Founders Rd, Indianapolis, IN 46268-1443 | IN | 2011-05 | $17,734 |
| 12 | American Friends Of Finchcocks Inc | 1209 S Dunn St, Bloomington, IN 47401 | IN | 2014-09 | $0 |
| 13 | Eastern Choral Boosters Association | 2764 S 800 E, Greentown, IN 46936 | IN | 2007-02 | $0 |
| 14 | Friends Of The Carnegie Museum Of Montgomery County Inc | 205 S Washington Street, Crawfordsville, IN 47933 | IN | 2009-01 | $0 |
| 15 | Friends Of The@wakarusa Historical Museums Inc | 30519 County Road 40, Wakarusa, IN 46573-9701 | IN | 2014-08 | $0 |
| 16 | Gms Choir Parents | 523 S Madison Svenue, Greenwood, IN 46142 | IN | 2005-07 | $0 |
| 17 | Pendleton Heights High School | 1 Arabian Dr, Pendleton, IN 46064 | IN | 2002-01 | $0 |
| 18 | Rhythmic Gymnastics Of Indiana Booster Club | 5377 Crooked Stick Ct, Greenwood, IN 46142-9107 | IN | 2014-04 | $0 |
| 19 | Snider Sports And Stadium Foundation | 4724 Creek Ridge Pl, Fort Wayne, IN 46835-8863 | IN | 2000-02 | $0 |
| 20 | Wea Indian Tribe Incorporated | 4103 Pleasant Point Court, Mishawaka, IN 46544-3870 | IN | 2001-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 924 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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