Isleno Art Foundation Inc in New Orleans, Louisiana (LA)
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
- Other organizations in Louisiana
| Isleno Art Foundation Inc | |
| Employer Identification Number (EIN) | 262321193 |
| Name of Organization | Isleno Art Foundation Inc |
| Address | 206 Decatur St, New Orleans, LA 70130-1016 |
| Subsection | Charitable Organization |
| Ruling Date | 12/2010 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $1 to $9,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $7,133 |
| Amount of Income | $24,000 |
| Form 990 Revenue Amount | $32,600 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Educational Services and Schools - Other |
Non-representatives - add comments:
Expenses for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $24,000 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $24,000 | |||
| 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 | |||
| Total expenses and disbursements | $28,793 | $0 | $0 | $24,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $4,793 | $0 | $0 | |
| Contributions, gifts, grants paid | $24,000 | |||
| Excess of revenue over expenses and disbursements | $-4,793 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $7,133 | $7,133 |
| Cash - non-interest-bearing | $7,133 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $7,133 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| 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 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| 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? | No |
| 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 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | 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 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $3,701 |
| Net value of noncharitable-use assets | $3,640 |
| Minimum investment return | $182 |
| Distributable Amount (for 2012) | |
| Distributable amount | $182 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $182 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | 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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| Other organizations in Louisiana | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | House Of Judah Foundation | 3804 Clover Ln, Harvey, LA 70058-1615 | LA | 2001-11 | $1 |
| 2 | Humanitarian Charitable Foundation Universe-Earth-Men | 7812 Leonard Ave, Metairie, LA 70003-5632 | LA | 2004-01 | $851 |
| 3 | Iglesia Misionera Pentecostes Camino De Sntidad | 4100 4th St, Marrero, LA 70072-2203 | LA | 2009-09 | $75,500 |
| 4 | Institute Of Community Development, Icd Marketplace At Armstrong Parj | Po Box 52591, New Orleans, LA 70152 | LA | 2006-08 | $13,750 |
| 5 | International Association Of Fire Fighter | Po Box 578, Mandeville, LA 70470 | LA | 1994-01 | $0 |
| 6 | International Association Of Lions Clubs, 3915 Jennings | PO BOX 1132, Jennings, LA 70546-1132 | LA | 1966-03 | $49,048 |
| 7 | International Association Of Lions Clubs, Watson Lions Club | 31755 N Walker Rd, Walker, LA 70785-5108 | LA | 1940-12 | $3,400 |
| 8 | International New Orleans Exchangeinc, In Exchange | Tulane - 29 Mcalister Drive, New Orleans, LA 70118 | LA | 2007-02 | $18,406 |
| 9 | International Society Of Automation, Instrument Soc Of America Lafayette | PO BOX 51383, Lafayette, LA 70505-1383 | LA | 1982-09 | $50,089 |
| 10 | Isle De Jean Charles Band Of Biloxi-Chitimacha-Choctaw Inc | 100 Dennis St, Montegut, LA 70377 | LA | 2010-01 | $10,041 |
| 11 | Isleno Art Foundation Inc | 206 Decatur St, New Orleans, LA 70130-1016 | LA | 2010-12 | $24,000 |
| 12 | Jay Giblin Memorial Foundation | 2012 Forest Drive, Port Allen, LA 70767 | LA | 2011-02 | $0 |
| 13 | Join My World Center | Po Box 2094, Thibodaux, LA 70310 | LA | 2008-06 | $0 |
| 14 | Jonesboro Haven Inc | PO BOX 1117, Shreveport, LA 71163-1117 | LA | 2007-07 | $40,665 |
| 15 | Joseph E And Paula A Melancon Charitable Foundation, Joseph E Melancon Jr Ttee | 17743 S Inks Ct, Baton Rouge, LA 70810 | LA | 2010-04 | $1,239 |
| 16 | Jth Ministries | 20381 Highway 40, Bush, LA 70431-2607 | LA | 2011-05 | $87,229 |
| 17 | Kappa Alpha Psi Fraternity, Natchitoches La Alumni | PO BOX 492, Natchitoches, LA 71458-0492 | LA | 1957-06 | $1,500 |
| 18 | Keep Up The Faith Dont Give Up The Hope 5 Fold International Ministry | 6749 Periemter Drive, Baton Rouge, LA 70812 | LA | 2008-05 | $0 |
| 19 | Kennedy Center Of Louisiana Llc, Tonya Williams Mbr | 809 College St, Shreveport, LA 71104-2113 | LA | 2009-06 | $1,555,368 |
| 20 | Kiwanis International, Kiwanis Lake Charles North | 1900 4th Avenue, Lake Charles, LA 70601 | LA | 1940-07 | $0 |
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