Studio7arts Inc in Cambridge, Massachusetts (MA)
Table of contents:
Studio7arts Inc | |
Employer Identification Number (EIN) | 271402987 |
Name of Organization | Studio7arts Inc |
In Care of Name | Michael Hutcherson |
Address | 58 Highland St, Cambridge, MA 02138-3332 |
Subsection | Charitable Organization |
Ruling Date | 08/2010 |
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 | $189,314 |
Amount of Income | $131,716 |
Form 990 Revenue Amount | $131,716 |
National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Film, Video |
Non-representatives - add comments:
Amount of income in 2013: $131,716 (it was $198,573 in 2012)
Studio7arts Inc: | $131,716 |
Other organizations performing similar types of work: | $78,825 |
Assets in 2013: $189,314 (it was $180,717 in 2012)
Studio7arts Inc: | $189,314 |
Other organizations performing similar types of work: | $21,375 |
Expenses in 2013: $92,041
Studio7arts Inc: | $92,041 |
Other organizations performing similar types of work: | $72,967 |
Income to expenses ratio in 2013: 1.4
This organization: | 1.4 |
Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 89.2%
This organization: | 89.2% |
Other organizations performing similar types of work: | 88.1% |
Revenue for 2013
Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total revenue | $156,772 | $184,113 | $131,716 |
Contributions, gifts, grants, and similar amounts received | $117,410 | $149,800 | $117,501 |
Program service revenue including government fees and contracts | $28,344 | $2,637 | $13,052 |
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 | $9,588 | $26,676 | $0 |
Other revenue | $1,430 | $5,000 | $1,163 |
Total expenses | $139,531 | $98,167 | $92,041 |
Total net assets | $94,771 | $180,717 | $189,314 |
Excess/Deficit for the year | $17,241 | $85,946 | $39,675 |
Net assets or fund balances at beginning of year | $77,530 | $94,771 | $149,639 |
Other changes in net assets or fund balances | $0 | $0 | $0 |
Net assets or fund balances at end of year | $180,717 | $189,314 |
Balance Sheets | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total assets | $94,771 | $180,717 | $189,314 |
Total liabilities | $0 | $0 | $0 |
Net assets or fund balances | $94,771 | $180,717 | $189,314 |
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: (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 |
Number of organizations supported | 0 |
Sum of amounts of support | $0 |
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
2009 - 2013 Total | |
---|---|
Public support | $538,052 |
Subtotal | $538,052 |
Gifts, grants, contributions, and membership fees received | $538,052 |
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 | $0 |
Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
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 |
Less | $0 |
Amounts received from disqualified persons | $0 |
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
Total support | $538,052 |
Public support | $538,052 |
Subtotal | $0 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
Other income | $0 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Chatham Orpheum Theater Inc | 330 Orleans Rd, North Chatham, MA 02650-3104 | MA | 2012-04 | $1,592,803 |
2 | Marthas Vineyard Film Society Inc | PO BOX 4423, Vineyard Hvn, MA 02568-0934 | MA | 2005-03 | $680,465 |
3 | Sea The World Productions Inc | PO BOX 592, Chilmark, MA 02535-0592 | MA | 2004-12 | $468,249 |
4 | Visionaries Inc | 1375 Boardman St, Sheffield, MA 01257-9519 | MA | 1996-03 | $398,717 |
5 | Edu21c Foundation | 31 Saint James Ave Ste 740, Boston, MA 02116-4186 | MA | 2013-09 | $300,854 |
6 | Press Pass Tv Inc | 565 Boylston St, Boston, MA 02116-3601 | MA | 2009-06 | $244,627 |
7 | Better Angels Society Inc, None | PO BOX 60067, Florence, MA 01062-0067 | MA | 2013-02 | $186,198 |
8 | One Race Foundation Inc | Po Box 990129, Boston, MA 02199 | MA | 2001-05 | $179,926 |
9 | Independent Film Society Of Boston Inc | 411a Highland Ave 403, Somerville, MA 02144-2516 | MA | 2003-04 | $147,697 |
10 | Studio7arts Inc | 58 Highland St, Cambridge, MA 02138-3332 | MA | 2010-08 | $131,716 |
11 | Woods Hole Film Festival Inc | PO BOX 624, Woods Hole, MA 02543-0624 | MA | 2001-11 | $118,227 |
12 | Is Films Inc | 165 Central St, Mansfield, MA 02048 | MA | 2008-09 | $61,173 |
13 | Great Pond Productions Inc | 13 Holly Ave, Cambridge, MA 02138-2302 | MA | 2011-09 | $60,365 |
14 | Motion Picture Association Of Haiti | 4258 Washington St Suite 3, Roslindale, MA 02131 | MA | 2010-05 | $60,000 |
15 | Interactive Democracy Alliance Inc | 30 Jay St Unit 3, Cambridge, MA 02139 | MA | 2009-12 | $27,181 |
16 | Williamstown Film Festival Inc | Po Box 81, Williamstown, MA 01267 | MA | 2014-07 | $20,157 |
17 | Caring From A Distance Inc | 105 Rockwood St, Brookline, MA 02445 | MA | 2003-03 | $1,661 |
18 | The Center For Cinematography And Social Awareness Inc | C/O Ramarsh 1970 Commonwealth Ave, Brighton, MA 02135 | MA | 2007-06 | $350 |
19 | Antrim Media Inc | 79 Antrim St, Cambridge, MA 02139 | MA | 2014-07 | $0 |
20 | Belmont World Film Inc, Belmont World Film | 19 Raynor Road, Sudbury, MA 01776 | MA | 2003-03 | $0 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 1,487 |
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