Bowling Green International Festival Inc in Bowling Green, Kentucky (KY)
Table of contents:
Bowling Green International Festival Inc | |
Employer Identification Number (EIN) | 611225815 |
Name of Organization | Bowling Green International Festival Inc |
In Care of Name | Bobby D Webb |
Address | PO BOX 50996, Bowling Green, KY 42102-4296 |
Activities | Other cultural or historical activities |
Subsection | Educational Organization |
Ruling Date | 07/1996 |
Deductibility | Contributions are deductible |
Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2013 |
Assets | $25,000 to $99,999 |
Income | $25,000 to $99,999 |
Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
Asset Amount | $38,672 |
Amount of Income | $37,791 |
Form 990 Revenue Amount | $32,438 |
National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Cultural, Ethnic Awareness |
Non-representatives - add comments:
Amount of income in 2013: $37,791 (it was $47,343 in 2012)
This organization: | $37,791 |
Other organizations performing similar types of work: | $120,360 |
Assets in 2013: $38,672 (it was $50,022 in 2012)
This organization: | $38,672 |
Other organizations performing similar types of work: | $169,282 |
Expenses in 2013: $44,291
Bowling Green International Festival Inc: | $44,291 |
Other organizations performing similar types of work: | $104,111 |
Income to expenses ratio in 2013: 0.9
This organization: | 0.9 |
Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 29.7%
Bowling Green International Festival Inc: | 29.7% |
Other organizations performing similar types of work: | 0.0% |
Revenue for 2013
Support schedule
Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
2010 | 2011 | 2012 | 2013 | |
---|---|---|---|---|
Total revenue | $35,241 | $37,712 | $46,060 | $32,438 |
Contributions, gifts, grants, and similar amounts received | $10,765 | $16,480 | $15,025 | $9,650 |
Program service revenue including government fees and contracts | $21,484 | $20,936 | $28,233 | $24,817 |
Membership dues and assessments | $0 | $0 | $0 | $0 |
Investment income | $64 | $81 | $42 | $48 |
Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
Gross profit/loss from sales of inventory | $2,928 | $215 | $2,760 | $-2,077 |
Gross sales of inventory, less returns and allowances | $5,324 | $3,320 | $4,043 | $3,276 |
Less: cost of goods sold | $2,396 | $3,105 | $1,283 | $5,353 |
Other revenue | $0 | $0 | $0 | $0 |
Total expenses | $32,121 | $34,829 | $30,227 | $44,291 |
Total net assets | $31,515 | $34,467 | $50,022 | $38,672 |
Excess/Deficit for the year | $3,120 | $2,883 | $15,833 | $-11,853 |
Net assets or fund balances at beginning of year | $28,395 | $31,515 | $34,467 | $50,022 |
Other changes in net assets or fund balances | $0 | $69 | $-278 | $503 |
Net assets or fund balances at end of year | $31,515 | $34,467 | $50,022 | $38,672 |
Balance Sheets | ||||
2010 | 2011 | 2012 | 2013 | |
---|---|---|---|---|
Total assets | $31,515 | $34,467 | $50,022 | $38,672 |
Total liabilities | $0 | $0 | $0 | $0 |
Net assets or fund balances | $31,515 | $34,467 | $50,022 | $38,672 |
Other Information | ||||
2010 | 2011 | 2012 | 2013 | |
---|---|---|---|---|
Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | No |
Were any significant changes made to the organizing or governing documents? | No | No | No | No |
Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
Has the organization filed a Form 990-T for the year? | No | No | No | No |
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | No |
Amount of political expenditures, direct or indirect | $0 | $0 | $0 | $0 |
Did the organization file Form 1120-POL for this year? | No | No | 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? | No | No | No | No |
Total amount involved | $0 | $0 | $0 | $0 |
Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
Gross receipts for public use of club facilities | $0 | $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 | No | No |
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | 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 | $195,003 |
Subtotal | $195,003 |
Gifts, grants, contributions, and membership fees received | $68,240 |
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 | $126,763 |
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 | $195,368 |
Public support | $195,003 |
Subtotal | $365 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $365 |
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 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Roots & Heritage Festival Inc | PO BOX 11712, Lexington, KY 40577-1712 | KY | 1999-10 | $85,378 |
2 | The Workmens Circle Arbeter Ring Incorporated | 247 W 37th St Frnt 5, New York, NY 10018-5129 | NY | 1965-06 | $54,135,638 |
3 | Turkish Cultural Foundation | 1510 H St Nw Ste 900, Washington, DC 20005-1014 | DC | 2000-06 | $11,121,296 |
4 | Sealaska Heritage Institute | 1 Sealaska Plz Ste 301, Juneau, AK 99801-1245 | AK | 1982-02 | $7,870,397 |
5 | Telugu Association Of North America Incorporated, Tana Foundation | 6200 Savoy Dr Ste 530, Houston, TX 77036-3325 | TX | 1980-03 | $3,734,274 |
6 | Russian American Foundation Inc | 70 West 36th Street, New York, NY 10018-8007 | NY | 1997-06 | $3,187,340 |
7 | Tekeyan Cultural Association Inc | 755 Mount Auburn St, Watertown, MA 02472-1509 | MA | 1970-02 | $2,838,672 |
8 | Tibet House Inc | 22 West 15th St, New York, NY 10011-6842 | NY | 1988-03 | $2,741,346 |
9 | Silk Road Project Inc | 175 N Harvard St, Allston, MA 02134-1003 | MA | 1999-04 | $2,168,943 |
10 | San Diego Center For Jews Culture | 4126 Executive Dr, La Jolla, CA 92037-1348 | CA | 1999-11 | $2,034,241 |
11 | Swiss Institute | 18 Wooster St, New York, NY 10013-2227 | NY | 1989-03 | $1,566,078 |
12 | Southwestern Association For Indian Arts Inc | PO BOX 969, Santa Fe, NM 87504-0969 | NM | 1971-06 | $1,394,409 |
13 | Tohono Oodham Community Action | PO BOX 1790, Sells, AZ 85634-1790 | AZ | 1998-03 | $1,296,076 |
14 | Russian Center Of San Francisco | 32450 Sutter St, San Francisco, CA 94115 | CA | 1994-06 | $927,897 |
15 | West Indian American Day Carnival Assn | PO BOX 130192, Brooklyn, NY 11213-0192 | NY | 1972-11 | $911,575 |
16 | Asia Institute Inc | 1244 S 3rd St, Louisville, KY 40203-2906 | KY | 1987-02 | $896,680 |
17 | African American Heritage Foundation Inc | 1701 W Muhammad Ali Blvd, Louisville, KY 40203-1656 | KY | 1995-06 | $432,082 |
18 | Glasgow Highland Games Inc | 501 W Main St Ste A, Glasgow, KY 42141-1740 | KY | 1995-01 | $147,050 |
19 | African American Forum Inc | PO BOX 2118, Lexington, KY 40588-2118 | KY | 1997-03 | $95,311 |
20 | Bowling Green International Festival Inc | PO BOX 50996, Bowling Green, KY 42102-4296 | KY | 1996-07 | $37,791 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 1,085 |
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