Revolving Museum Inc in Fitchburg, Massachusetts (MA)
Table of contents:
| Revolving Museum Inc | |
| Employer Identification Number (EIN) | 043233034 |
| Name of Organization | Revolving Museum Inc |
| Address | 60 View St, Fitchburg, MA 01420-2241 |
| Activities | Other cultural or historical activities |
| Subsection | Charitable Organization |
| Ruling Date | 02/1995 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2013 |
| Assets | $10,000 to $24,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $22,059 |
| Amount of Income | $13,990 |
| Form 990 Revenue Amount | $13,990 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Art Museums |
Non-representatives - add comments:
Amount of income in 2013: $13,990 (it was $166,527 in 2012)
| Revolving Museum Inc: | $13,990 |
| Other organizations performing similar types of work: | $1,258,505 |
Assets in 2013: $22,059 (it was $28,434 in 2012)
| Revolving Museum Inc: | $22,059 |
| Other organizations performing similar types of work: | $4,746,079 |
Expenses in 2013: $16,053
| Revolving Museum Inc: | $16,053 |
| Other organizations performing similar types of work: | $906,066 |
Income to expenses ratio in 2013: 0.9
| Revolving Museum Inc: | 0.9 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2013: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 64.8% |
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $180,406 | $166,527 | $13,990 |
| Contributions, gifts, grants, and similar amounts received | $150,966 | $135,377 | $13,990 |
| Program service revenue including government fees and contracts | $28,239 | $31,150 | $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 | $1,201 | $0 | $0 |
| Total expenses | $185,147 | $234,778 | $16,053 |
| Total net assets | $33,805 | $-34,905 | $-36,212 |
| Excess/Deficit for the year | $-4,741 | $-68,251 | $-2,063 |
| Net assets or fund balances at beginning of year | $38,546 | $33,805 | $-34,905 |
| Other changes in net assets or fund balances | $0 | $-459 | $756 |
| Net assets or fund balances at end of year | $-34,905 | $-36,212 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $62,891 | $28,434 | $22,059 |
| Total liabilities | $29,086 | $63,339 | $58,271 |
| Net assets or fund balances | $33,805 | $-34,905 | $-36,212 |
| 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? | Yes | No | |
| Total amount involved | $21,400 | $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 | $859,743 |
| Subtotal Support | $859,743 |
| Gifts, grants, contributions, and membership fees received | $859,743 |
| 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 | $859,803 |
| Public Support | $859,743 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $60 |
| 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. | $92,342 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Museum Of Fine Arts | 465 Huntington Ave, Boston, MA 02115-5523 | MA | 1965-01 | $289,678,188 |
| 2 | Sterling & Francine Clark Art Inst | 225 South St, Williamstown, MA 01267-2878 | MA | 1951-09 | $116,912,527 |
| 3 | Isabella Stewart Gardner Museum Inc | 280 The Fenway, Boston, MA 02115-5809 | MA | 1937-12 | $28,791,598 |
| 4 | Worcester Art Museum | 55 Salisbury St, Worcester, MA 01609-3123 | MA | 1934-03 | $27,391,802 |
| 5 | Institute Of Contemporary Art | 100 Northern Ave, Boston, MA 02210-1802 | MA | 1959-07 | $21,454,337 |
| 6 | Norman Rockwell Museum At Stockbridge Inc | 9 Glendale Rd, Stockbridge, MA 01262-9702 | MA | 1969-08 | $4,285,272 |
| 7 | The Columbus Museum Inc | 1251 Wynnton Rd, Columbus, GA 31906-2810 | GA | 1954-11 | $14,747,840 |
| 8 | Salvador Dali Museum Inc | 1 Dali Blvd, St Petersburg, FL 33701-3920 | FL | 1981-05 | $11,121,580 |
| 9 | De Cordova And Dana Museum And Park, De Cordova Museum & Sculpture Park | 51 Sandy Pond Rd, Lincoln, MA 01773-2600 | MA | 1949-07 | $7,395,837 |
| 10 | Tampa Museum Of Art Inc | 120 W Gasparilla Plz, Tampa, FL 33602-1500 | FL | 1979-11 | $3,977,936 |
| 11 | Tucson Museum Of Art | 140 N Main Ave, Tucson, AZ 85701-8218 | AZ | 1956-02 | $3,890,252 |
| 12 | The Mobile Museum Of Art Inc | 4850 Museum Dr, Mobile, AL 36608-1917 | AL | 1996-02 | $3,749,971 |
| 13 | The American Visionary Art Museum Inc | 800 Key Hwy, Baltimore, MD 21230-3940 | MD | 1994-05 | $3,006,291 |
| 14 | Washington County Museum Of Fine Arts | PO BOX 423, Hagerstown, MD 21741-0423 | MD | 1947-07 | $2,359,715 |
| 15 | Thomas Gilcrease Museum Association | 1400 Gilcrease Rd, Tulsa, OK 74127 | OK | 1963-12 | $2,320,560 |
| 16 | Provincetown Art Association And Museum Inc | 460 Commercial St, Provincetown, MA 02657-2415 | MA | 1952-03 | $2,112,724 |
| 17 | Danforth Museum Corp | 123 Union Ave, Framingham, MA 01702-8223 | MA | 1974-03 | $1,549,906 |
| 18 | Fitchburg Art Museum | 25 Merriam Pkwy, Fitchburg, MA 01420-7523 | MA | 1948-06 | $1,113,101 |
| 19 | The Cahoon Museum Of American Art Inc | PO BOX 1853, Cotuit, MA 02635-1853 | MA | 1987-08 | $481,783 |
| 20 | Arts Institute Group Of The Merrimack Valley Inc | Po Box 879, Methuen, MA 01844 | MA | 2000-08 | $0 |
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