Buddy Stewarts Memorial Music Foundation in Baton Rouge, Louisiana (LA)
Table of contents:
| Buddy Stewarts Memorial Music Foundation | |
| Employer Identification Number (EIN) | 721444935 |
| Name of Organization | Buddy Stewarts Memorial Music Foundation |
| In Care of Name | Philliper A Stewart |
| Address | 1712 N Acadian W, Baton Rouge, LA 70802 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 05/2012 |
| 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 | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $232,155 |
| Amount of Income | $149,023 |
| Form 990 Revenue Amount | $149,023 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts Council/Agency |
Non-representatives - add comments:
Amount of income in 2013: $149,023 (it was $97,626 in 2012)
| This organization: | $149,023 |
| Other organizations performing similar types of work: | $76,375 |
Assets in 2013: $232,155 (it was $170,732 in 2012)
| This organization: | $232,155 |
| Other organizations performing similar types of work: | $32,362 |
Expenses in 2013: $95,573
| Buddy Stewarts Memorial Music Foundation: | $95,573 |
| Other organizations performing similar types of work: | $58,801 |
Income to expenses ratio in 2013: 1.6
| Buddy Stewarts Memorial Music Foundation: | 1.6 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 49.3%
| Buddy Stewarts Memorial Music Foundation: | 49.3% |
| Other organizations performing similar types of work: | 43.1% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $109,997 | $97,626 | $149,023 |
| Contributions, gifts, grants, and similar amounts received | $8,011 | $0 | $73,458 |
| Program service revenue including government fees and contracts | $64,344 | $0 | $0 |
| 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 | $37,642 | $97,626 | $75,565 |
| Total expenses | $118,236 | $79,094 | $95,573 |
| Total net assets | $-17,917 | $615 | $54,065 |
| Excess/Deficit for the year | $-8,239 | $18,532 | $53,450 |
| Net assets or fund balances at beginning of year | $-9,678 | $-17,917 | $615 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $615 | $54,065 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $183,878 | $170,732 | $232,155 |
| Total liabilities | $201,795 | $170,117 | $178,090 |
| Net assets or fund balances | $-17,917 | $615 | $54,065 |
| 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 a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $187,793 |
| Subtotal Support | $187,793 |
| Gifts, grants, contributions, and membership fees received | $187,793 |
| 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 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $187,793 |
| Public Support | $187,793 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $75,565 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Regional Arts & Culture Council | 411 Nw Park Ave Ste 101, Portland, OR 97209-3356 | OR | 1996-04 | $7,116,529 |
| 2 | Dance Service New York City Inc, Dancenyc | 218 E 18th Street No 4th Fl, New York, NY 10003 | NY | 2013-05 | $1,546,354 |
| 3 | Spaceworks Nyc Inc | 540 President Street, Brooklyn, NY 11215-1493 | NY | 2014-02 | $714,119 |
| 4 | Northern Lightsmn Inc | 2751 Hennepin Ave S Suite 231, Minneapolis, MN 55408-1002 | MN | 2009-09 | $678,226 |
| 5 | H G Fairfield Arts Center For The Environment Inc | 31 Sodom Rd, Brewster, NY 10509-4405 | NY | 2011-05 | $550,024 |
| 6 | Northwest Minnesota Arts Council | 115 South Main, Warren, MN 56762 | MN | 2009-07 | $459,403 |
| 7 | Pathways Projects Institutes Limited | 2 North Lasalle, Chicago, IL 60602-3702 | IL | 2013-05 | $458,957 |
| 8 | Steelville Arts Council | 402 West Main Street, Steelville, MO 65565 | MO | 2011-03 | $418,988 |
| 9 | Litquake Foundation | 57 Post St Ste 604, San Francisco, CA 94104-5023 | CA | 2010-06 | $412,357 |
| 10 | Vox Populi Inc | 319 N 11th St Fl 3, Philadelphia, PA 19107-1300 | PA | 2006-12 | $356,606 |
| 11 | Young Audiences Of Northern California | 465 California St Ste 433, San Francisco, CA 94104-1842 | CA | 2004-11 | $329,882 |
| 12 | Buddy Stewarts Memorial Music Foundation | 1712 N Acadian W, Baton Rouge, LA 70802 | LA | 2012-05 | $149,023 |
| 13 | Creative Alliance Of New Orleans | 2326 Esplanade Ave, New Orleans, LA 70119-2502 | LA | 2013-03 | $103,253 |
| 14 | Friends Of Arts Council Of Greater Denham Springs Inc, Greater Denham Springs Inc Art Cncl | 12046 Justice Ave Ste B, Baton Rouge, LA 70816-5305 | LA | 2003-04 | $91,734 |
| 15 | Richland Arts Council Inc | Po Box 877, Rayville, LA 71269 | LA | 2008-07 | $68,947 |
| 16 | Arts Council Of Pointe Coupee | PO BOX 669, New Roads, LA 70760-0669 | LA | 2005-03 | $55,719 |
| 17 | Arts Council Of Richland Inc | PO BOX 877, Rayville, LA 71269 | LA | 2007-11 | $0 |
| 18 | Louisiana Artist Association | Pobox 297, Strose, LA 70087 | LA | 2004-01 | $0 |
| 19 | Westbank Art Guild | Po Box 3366, Gretna, LA 70054 | LA | 2001-11 | $0 |
| 20 | Zachary Artists Guild | Po Box 1132, Zachary, LA 70791 | LA | 2012-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 590 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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