Life Is Art Foundation in New Orleans, Louisiana (LA)
Table of contents:
| Life Is Art Foundation | |
| Employer Identification Number (EIN) | 262027858 |
| Name of Organization | Life Is Art Foundation |
| Address | 2448 N Villere St, New Orleans, LA 70117-8361 |
| Subsection | Educational Organization, Charitable Organization |
| Ruling Date | 05/2009 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Tax Period | 12/2010 |
| Assets | $1 to $9,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $1 |
| Amount of Income | $129,947 |
| Form 990 Revenue Amount | $129,947 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts, Cultural Organizations - Multipurpose |
Non-representatives - add comments:
Amount of income in 2010: $129,947
| This organization: | $129,947 |
| Other organizations performing similar types of work: | $59,050 |
Assets in 2010: $1
| Life Is Art Foundation: | $1 |
| Other organizations performing similar types of work: | $25,518 |
Expenses in 2010: $144,461
| Life Is Art Foundation: | $144,461 |
| Other organizations performing similar types of work: | $51,518 |
Income to expenses ratio in 2010: 0.9
| This organization: | 0.9 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2010: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 1.3% |
Revenue for 2010
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2010) | |
| Total revenue | $129,947 |
| Contributions, gifts, grants, and similar amounts received | $0 |
| Program service revenue including government fees and contracts | $128,149 |
| Membership dues and assessments | $0 |
| Investment income | $0 |
| Gain from sale of assets other than inventory | $0 |
| Net income from gaming and fundraising events | $0 |
| Gross profit from sales of inventory | $0 |
| Other revenue | $1,798 |
| Total expenses | $144,461 |
| Total net assets | $-14,514 |
| Deficit for the year | $-14,514 |
| Net assets or fund balances at beginning of year | $0 |
| Other changes in net assets or fund balances | $0 |
| Balance Sheets (for 2010) | |
| Total assets | $1 |
| Total liabilities | $14,515 |
| Net assets or fund balances | $-14,514 |
| Other Information (for 2010) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Reason for Public Charity Status (for 2010) | |
| 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 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2010) | |
| 2006 - 2010 Total | |
|---|---|
| Total support | $424,340 |
| Gifts, grants, contributions, and membership fees received | $356,960 |
| 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 | $55,585 |
| 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 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Other | $11,795 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Womans Art Club Of Cincinnati Foundation | 6980 Cambridge Ave, Cincinnati, OH 45227-3362 | OH | 2007-03 | $122,085 |
| 2 | George Rodrigue Foundation Inc | PO BOX 51227, Lafayette, LA 70505-1227 | LA | 2009-07 | $1,026,016 |
| 3 | Sankofa Community Development Corporation | PO BOX 771076, New Orleans, LA 70177-1076 | LA | 2009-06 | $336,845 |
| 4 | Lyke Foundation | 102 Ann Court, Montz, LA 70068-8980 | LA | 2010-09 | $172,421 |
| 5 | Treme Cultural Heritage Foundation | 1836 Bayou Rd, New Orleans, LA 70116-2206 | LA | 2003-10 | $147,408 |
| 6 | Br Walls Project | 451 Florida St Ste 102, Baton Rouge, LA 70801-1734 | LA | 2015-01 | $134,800 |
| 7 | Life Is Art Foundation | 2448 N Villere St, New Orleans, LA 70117-8361 | LA | 2009-05 | $129,947 |
| 8 | Tamale Fiesta Land Of El Camino Real Inc | PO BOX 246, Zwolle, LA 71486-0246 | LA | 2008-08 | $129,746 |
| 9 | Threadhead Cultural Foundation | 128 Sherwood Forest Dr, New Orleans, LA 70119-3717 | LA | 2009-09 | $55,843 |
| 10 | Women Of The World Foundation | 1406 7th St, New Orleans, LA 70115-3321 | LA | 2004-08 | $41,123 |
| 11 | Louisiana Cotton Festival Association Incorporated | 1293 Lee St, Ville Platte, LA 70586-6312 | LA | 2012-03 | $40,064 |
| 12 | South Louisiana Wildfowl Carvers | PO BOX 20725, Houma, LA 70360-0725 | LA | 1999-09 | $36,325 |
| 13 | Mesa Production Company | 733 Hagan Ave, New Orleans, LA 70119-4914 | LA | 2004-03 | $31,700 |
| 14 | Techeland Arts Council | 308 Adams St, Franklin, LA 70538 | LA | 2010-08 | $18,498 |
| 15 | Downtown Arts Alliance | P O Box 2952, West Monroe, LA 71294 | LA | 2010-05 | $11,750 |
| 16 | Gulfcoast Blacksmith Assoc Inc | 61 Hyacinth Dr, Covington, LA 70433 | LA | 2000-02 | $4,235 |
| 17 | Treme Arts Center | 1939 Burgundy Street, New Orleans, LA 70116-1669 | LA | 2004-05 | $4,000 |
| 18 | Hammond Art Guild | PO BOX 1213, Hammond, LA 70404-1213 | LA | 2011-10 | $2,702 |
| 19 | Brooklyn Four Plus One Inc | 110 Veterans Blvd Ste370, Metairie, LA 70005 | LA | 2013-04 | $400 |
| 20 | Aaron F Broussard Performing Arts Foundation | 1 Galleria Blvd Ste 1100, Metairie, LA 70001-7534 | LA | 2009-07 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 6,763 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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