Louisville Guitar Society Inc in Louisville, Kentucky (KY)
Table of contents:
| Louisville Guitar Society Inc | |
| Employer Identification Number (EIN) | 272667817 |
| Name of Organization | Louisville Guitar Society Inc |
| Address | 1212 Pindell Ave, Louisville, KY 40217-2236 |
| Subsection | Educational Organization |
| Ruling Date | 08/2010 |
| 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 | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $202 |
| Amount of Income | $3,060 |
| Form 990 Revenue Amount | $2,549 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: |
Non-representatives - add comments:
Amount of income in 2013: $3,060 (it was $5,194 in 2011)
| Louisville Guitar Society Inc: | $3,060 |
| Other organizations performing similar types of work: | $138,737 |
Assets in 2013: $202 (it was $930 in 2011)
| This organization: | $202 |
| Other organizations performing similar types of work: | $38,511 |
Expenses in 2013: $2,514
| This organization: | $2,514 |
| Other organizations performing similar types of work: | $42,520 |
Income to expenses ratio in 2013: 1.2
| This organization: | 1.2 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2013: 58.8%
| This organization: | 58.8% |
| Other organizations performing similar types of work: | 98.2% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2010 | 2011 | 2013 | |
|---|---|---|---|
| Total revenue | $2,885 | $5,194 | $2,549 |
| Contributions, gifts, grants, and similar amounts received | $0 | $2,861 | $1,500 |
| Program service revenue including government fees and contracts | $0 | $1,868 | $0 |
| Membership dues and assessments | $2,885 | $465 | $375 |
| 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 | $674 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $0 | $0 | $1,185 |
| Less: direct expenses from gaming and fundraising events | $0 | $0 | $511 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $79 | $6,570 | $2,514 |
| Total net assets | $2,806 | $930 | $202 |
| Excess/Deficit for the year | $2,806 | $-1,376 | $35 |
| Net assets or fund balances at beginning of year | $0 | $2,306 | $167 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $930 | $202 | |
| Balance Sheets | |||
| 2010 | 2011 | 2013 | |
|---|---|---|---|
| Total assets | $2,806 | $930 | $202 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $2,806 | $930 | $202 |
| Other Information | |||
| 2010 | 2011 | 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? | No | No | |
| Total amount involved | $0 | $0 | |
| 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 | $14,252 |
| Subtotal | $14,252 |
| Gifts, grants, contributions, and membership fees received | $9,161 |
| 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 | $3,848 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $1,243 |
| 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 | $14,252 |
| Public support | $14,252 |
| 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 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | International Folk Art Alliance Inc, Ifaa | 404 Kiva Court Building B Suite G, Santa Fe, NM 87505-5994 | NM | 2007-11 | $2,879,820 |
| 2 | New Christy Minstrels Foundation | 703 N 8th St, Leavenworth, KS 66048-1396 | KS | 2010-03 | $332,586 |
| 3 | Foster Art & Wilderness Foundation | 3000 El Camino Real Suite 700, Palo Alto, CA 94306-2100 | CA | 2014-09 | $244,189 |
| 4 | Square & Folk Dance Federation Of Washington Inc, Wheatland Whirlers Square Dance Club | P O Box 493, Ephrata, WA 98823 | WA | 2013-05 | $207,052 |
| 5 | The Forum Inc | PO BOX 12030, St Thomas | international | 2012-07 | $138,737 |
| 6 | National Folk Organization Of The United States Of America | 194 N 1040 E, Orem, UT 84097-5084 | UT | 2009-07 | $16,006 |
| 7 | Southern Appalachian Cloggers Inc | Po Box 777, Clyde, NC 28721 | NC | 2012-05 | $6,100 |
| 8 | Louisville Guitar Society Inc | 1212 Pindell Ave, Louisville, KY 40217-2236 | KY | 2010-08 | $3,060 |
| 9 | Duna International Folk Dance Ensemble | 680 5th Avenue, Salt Lake City, UT 84103 | UT | 2009-02 | $200 |
| 10 | Arts & Folklore Inc, Arts & Folklore School Inc | 81 Townsend Rd, Wanaque, NJ 07465 | NJ | 2010-05 | $0 |
| 11 | Bedford Friendship Quilt Guild | Bfqg Pmb 108 176 Rt 101 Unit B3, Bedford, NH 03110 | NH | 2010-04 | $0 |
| 12 | Breckinridge Bluegrass Music Association | 573 Finley Dowell Rd, Hardinsburg, KY 40143 | KY | 2014-04 | $0 |
| 13 | Bunker Hill Pipe Band | 12 Carmel St, Wilmington, MA 01887-1921 | MA | 2009-09 | $0 |
| 14 | Bynum Front Porch | Po Box 381, Bynum, NC 27228-0381 | NC | 2009-11 | $0 |
| 15 | Ceilidh Group | 1014 Vine Street Suite 1450, Cincinnati, OH 45202 | OH | 2009-06 | $0 |
| 16 | Columbus Folk Fest Inc | 903 Old Alleyton Rd, Alleyton, TX 78935-2144 | TX | 2013-08 | $0 |
| 17 | Community Klezmer Initiative | 123 Argyle Rd, Ardmore, PA 19003-3201 | PA | 2013-06 | $0 |
| 18 | D Yard | 50 E 19th St Apt E1, Brooklyn, NY 11226-4451 | NY | 2008-06 | $0 |
| 19 | Emerald Valley Leathercrafters Guild, Emerald Valley Leathercrafters Guil | 1396 Charnelton Street, Eugene, OR 97401-3945 | OR | 2009-04 | $0 |
| 20 | Family Folklore Foundation Incorporated | 8619 Doubletree Dr N, Crown Point, IN 46307-9472 | IN | 2013-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 44 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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