Murray Art Guild Inc in Murray, Kentucky (KY)
Table of contents:
| Murray Art Guild Inc | |
| Employer Identification Number (EIN) | 611036652 |
| Name of Organization | Murray Art Guild Inc |
| Address | 500 N 4th St, Murray, KY 42071-2006 |
| Activities | Other instruction and training |
| Subsection | Charitable Organization |
| Ruling Date | 05/1990 |
| 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 | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $136,738 |
| Amount of Income | $63,918 |
| Form 990 Revenue Amount | $44,439 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: |
Non-representatives - add comments:
Amount of income in 2013: $63,918 (it was $64,717 in 2012)
| Murray Art Guild Inc: | $63,918 |
| Other organizations performing similar types of work: | $92,623 |
Assets in 2013: $136,738 (it was $136,151 in 2012)
| Murray Art Guild Inc: | $136,738 |
| Other organizations performing similar types of work: | $85,878 |
Expenses in 2013: $41,905
| This organization: | $41,905 |
| Other organizations performing similar types of work: | $98,130 |
Income to expenses ratio in 2013: 1.5
| Murray Art Guild Inc: | 1.5 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 109.4%
| This organization: | 109.4% |
| Other organizations performing similar types of work: | 47.2% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $36,576 | $48,370 | $44,439 |
| Contributions, gifts, grants, and similar amounts received | $7,520 | $42,393 | $48,602 |
| Program service revenue including government fees and contracts | $13,233 | $12,624 | $8,828 |
| Membership dues and assessments | $6,085 | $8,150 | $6,220 |
| Investment income | $385 | $1,550 | $268 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $9,353 | $-16,347 | $-19,479 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $25,903 | $0 | $0 |
| Less: direct expenses from gaming and fundraising events | $16,550 | $16,347 | $19,479 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $44,374 | $41,555 | $41,905 |
| Total net assets | $124,477 | $131,292 | $133,826 |
| Excess/Deficit for the year | $-7,798 | $6,815 | $2,534 |
| Net assets or fund balances at beginning of year | $132,275 | $124,477 | $131,292 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $131,292 | $133,826 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $127,140 | $136,151 | $136,738 |
| Total liabilities | $2,663 | $4,859 | $2,912 |
| Net assets or fund balances | $124,477 | $131,292 | $133,826 |
| 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? | 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 | $256,007 |
| Subtotal | $256,007 |
| Gifts, grants, contributions, and membership fees received | $120,820 |
| 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 | $135,187 |
| 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 | $260,938 |
| Public support | $256,007 |
| Subtotal | $4,931 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $4,931 |
| 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 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $2,600 | $1,066 | $1,534 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $0 | $0 | $0 |
| Rent income | $26,001 | $1,066 | $1,534 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $845 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $845 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $0 |
| Unrelated business taxable income | $0 |
| Unrelated business taxable income before net operating loss deduction | $689 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $689 |
| Specific deduction | $689 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Artist Trust | 1835 12th Ave, Seattle, WA 98122-2437 | WA | 1987-06 | $1,885,818 |
| 2 | Contemporary Art Center Of Peoria | 305 Sw Water, Peoria, IL 61602-1425 | IL | 1997-01 | $208,246 |
| 3 | Foundation For Independent Artists Inc | 246 W 38th St Rm 4, New York, NY 10018-9090 | NY | 1981-11 | $200,749 |
| 4 | Actors Theatre Company | 143 Bostwick Ave Ne, Grand Rapids, MI 49503-3201 | MI | 1990-10 | $162,893 |
| 5 | Austin Jazz Workshop Inc, Austin Jazz Workshop | PO BOX 41052, Austin, TX 78704-0018 | TX | 1994-10 | $135,329 |
| 6 | Theatre Authority West Inc | 430 Clipper Way, Seal Beach, CA 90740-5958 | CA | 1983-06 | $76,510 |
| 7 | Murray Art Guild Inc | 500 N 4th St, Murray, KY 42071-2006 | KY | 1990-05 | $63,918 |
| 8 | Yellow Springs Writers Workshop | 900 Dayton St, Yellow Spgs, OH 45387-1745 | OH | 1994-08 | $57,241 |
| 9 | Sarah Carlisle Towery Art Colony On Lake Martin | P O Box 204, Alexander City, AL 35011 | AL | 1995-08 | $29,547 |
| 10 | Aha Puhala O Puna | Po Box 7213, Hilo, HI 96720 | HI | 1995-08 | $0 |
| 11 | Artistic Pursuits Ltd | 219 W Lafayette Street, Ottawa, IL 61350 | IL | 1998-06 | $0 |
| 12 | Coquille Valley Art Association | 10144 Highway 42, Coquille, OR 97423 | OR | 1996-12 | $0 |
| 13 | Freelance Writers Network Inc, Fwn | PO BOX 1290, Fairfield Bay, AR 72088-1290 | AR | 1992-08 | $0 |
| 14 | Individual Visual Artists Coalition Inc | 985 Delaware Ave Se, Atlanta, GA 30316-2407 | GA | 1995-07 | $0 |
| 15 | Jazz Alliance Of Michigan Inc | 5555 Conner St # 1000, Detroit, MI 48213-3405 | MI | 1997-12 | $0 |
| 16 | Kinshi-Okani Inc | 2375 Wesley Chapel Rd Ste 31126, Decatur, GA 30035-2803 | GA | 1996-12 | $0 |
| 17 | Miami Valley Cooperative Gallery | PO BOX 874, Dayton, OH 45409-0874 | OH | 1992-07 | $0 |
| 18 | Nacama Discovery | PO BOX 1653, Ocean Shores, WA 98569-1653 | WA | 1995-05 | $0 |
| 19 | Reading Art Assoc Inc | Po Box 114, Reading, MA 01867 | MA | 1997-02 | $0 |
| 20 | Sisters Of Jazz Inc | 1614 S Gramercy Pl, Los Angeles, CA 90019-6347 | CA | 1995-01 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||
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| Total | 31 | ||||||||||||||||||||||||||||||||||||
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