Salem Arts Center Inc in Salem, Massachusetts (MA)
Table of contents:
| Salem Arts Center Inc | |
| Employer Identification Number (EIN) | 043359362 |
| Name of Organization | Salem Arts Center Inc |
| In Care of Name | Salem Harbor Cdc |
| Address | PO BOX 306, Salem, MA 01970-0306 |
| Activities | Described in section 509(a)(2) of the Code, Community theatrical group, Art exhibit |
| Subsection | Educational Organization |
| Ruling Date | 10/1997 |
| 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 | 06/2014 |
| Assets | $10,000 to $24,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $17,197 |
| Amount of Income | $120,387 |
| Form 990 Revenue Amount | $120,387 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Theater |
Non-representatives - add comments:
Amount of income in 2014: $120,387 (it was $110,423 in 2013)
| Salem Arts Center Inc: | $120,387 |
| Other organizations performing similar types of work: | $71,420 |
Assets in 2014: $17,197 (it was $3,349 in 2013)
| Salem Arts Center Inc: | $17,197 |
| Other organizations performing similar types of work: | $18,654 |
Expenses in 2013: $111,598
| This organization: | $111,598 |
| Other organizations performing similar types of work: | $69,900 |
Income to expenses ratio in 2013: 1.1
| Salem Arts Center Inc: | 1.1 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 35.3%
| Salem Arts Center Inc: | 35.3% |
| Other organizations performing similar types of work: | 1.7% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $111,677 | $111,222 | $110,423 |
| Contributions, gifts, grants, and similar amounts received | $28,860 | $39,987 | $38,969 |
| Program service revenue including government fees and contracts | $64,344 | $65,927 | $59,211 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $1 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $9,996 | $5,307 | $4,442 |
| Gross income from gaming | $13,500 | $0 | $6,450 |
| Gross income from fundraising events | $0 | $10,512 | $0 |
| Less: direct expenses from gaming and fundraising events | $3,504 | $5,205 | $2,098 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $8,477 | $0 | $7,800 |
| Total expenses | $109,965 | $111,541 | $111,598 |
| Total net assets | $-7,288 | $-2,624 | $3,349 |
| Excess/Deficit for the year | $1,712 | $-319 | $-1,167 |
| Net assets or fund balances at beginning of year | $-9,000 | $-2,305 | $4,516 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $3,349 | ||
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $1,712 | $4,576 | $3,349 |
| Total liabilities | $9,000 | $7,200 | $0 |
| Net assets or fund balances | $-7,288 | $-2,624 | $3,349 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | ||
| Were any significant changes made to the organizing or governing documents? | 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 | ||
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | ||
| Amount of political expenditures, direct or indirect | $0 | ||
| Did the organization file Form 1120-POL for this year? | 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 | ||
| Total amount involved | $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 | ||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | 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 | $113,441 |
| Subtotal Support | $113,442 |
| Gifts, grants, contributions, and membership fees received | $113,442 |
| 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 | $337,958 |
| Public Support | $113,442 |
| 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 | $224,516 |
| Gross receipts from related activities, etc. | $683,716 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Theatre Advancement Production Society Inc | 8204 Highway 100, Nashville, TN 37221-4051 | TN | 2010-01 | $574,450 |
| 2 | Yellow Tape Construction Co | 6106 Glen Meadow Dr, Austin, TX 78745 | TX | 2006-11 | $26,790 |
| 3 | Provincetown Counter Productions | PO BOX 411, Provincetown, MA 02657-0411 | MA | 2009-06 | $330,127 |
| 4 | Wellesley Theatre Project Inc | 39 Standish Rd, Wellesley, MA 02481-5317 | MA | 2012-04 | $243,247 |
| 5 | Applause Academy Ma Inc, Applause Academy | 21 Main St, Taunton, MA 02780-2732 | MA | 2011-09 | $222,137 |
| 6 | Community Theater Company Of Andover Inc, Act Andover | 50 S Elm St, Haverhill, MA 01835-7318 | MA | 2010-04 | $174,926 |
| 7 | Harbor Stage Company | PO BOX 3009, Wellfleet, MA 02667-3009 | MA | 2012-04 | $170,334 |
| 8 | Turtle Lane Players Ii Inc | 283 Melrose St, Auburndale, MA 02466-1917 | MA | 2008-06 | $153,622 |
| 9 | Greater Plymouth Performing Arts Ctr Inc | 110 Fairview Ln, Plymouth, MA 02360 | MA | 2013-01 | $142,514 |
| 10 | Theatre With A Twist Inc | 93 Willow St, Acton, MA 01720-2709 | MA | 2010-08 | $141,409 |
| 11 | Salem Arts Center Inc | PO BOX 306, Salem, MA 01970-0306 | MA | 1997-10 | $120,387 |
| 12 | Nextdoor Theater Group Company, Next Door Center For The Arts Next Door Theater | 40 Cross Street, Winchester, MA 01890 | MA | 2009-01 | $109,854 |
| 13 | Agitarte | 15 Pleasant View Ave, Lynn, MA 01902 | MA | 2003-08 | $101,292 |
| 14 | Worcester Shakespeare Company | 220 Great Barrington Road, Housatonic, MA 01236 | MA | 2010-05 | $94,362 |
| 15 | The Performance Project Inc | PO BOX 1173, Northampton, MA 01061-1173 | MA | 2003-09 | $91,840 |
| 16 | Beyond The 4th Wall Expression Theatre | 7 Temple St, Cambridge, MA 02139-2403 | MA | 2011-04 | $89,221 |
| 17 | Israeli Stage Company | 527 Brookline Ave, Brookline, MA 02334 | MA | 2014-10 | $83,000 |
| 18 | Liars & Believers Inc | 26 Jay St, Cambridge, MA 02139-3160 | MA | 2010-01 | $81,914 |
| 19 | Friends Of Tyngsborough Theater | 50 Norris Rd, Tyngsborough, MA 01879-1228 | MA | 2009-12 | $67,530 |
| 20 | Troubled Shores Inc | PO BOX 847, Edgartown, MA 02539-0847 | MA | 2002-12 | $66,646 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 5,483 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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