Studio7arts Inc in Cambridge, Massachusetts (MA)

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Studio7arts Inc
Employer Identification Number (EIN)271402987
Name of OrganizationStudio7arts Inc
In Care of NameMichael Hutcherson
Address58 Highland St, Cambridge, MA 02138-3332
SubsectionCharitable Organization
Ruling Date08/2010
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (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


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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%

Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
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
201120122013
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
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
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 supported0
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
IdNameAddressStateEstablishedTotal Income
1Chatham Orpheum Theater Inc330 Orleans Rd, North Chatham, MA 02650-3104MA2012-04$1,592,803
2Marthas Vineyard Film Society IncPO BOX 4423, Vineyard Hvn, MA 02568-0934MA2005-03$680,465
3Sea The World Productions IncPO BOX 592, Chilmark, MA 02535-0592MA2004-12$468,249
4Visionaries Inc1375 Boardman St, Sheffield, MA 01257-9519MA1996-03$398,717
5Edu21c Foundation31 Saint James Ave Ste 740, Boston, MA 02116-4186MA2013-09$300,854
6Press Pass Tv Inc565 Boylston St, Boston, MA 02116-3601MA2009-06$244,627
7Better Angels Society Inc, NonePO BOX 60067, Florence, MA 01062-0067MA2013-02$186,198
8One Race Foundation IncPo Box 990129, Boston, MA 02199MA2001-05$179,926
9Independent Film Society Of Boston Inc411a Highland Ave 403, Somerville, MA 02144-2516MA2003-04$147,697
10Studio7arts Inc58 Highland St, Cambridge, MA 02138-3332MA2010-08$131,716
11Woods Hole Film Festival IncPO BOX 624, Woods Hole, MA 02543-0624MA2001-11$118,227
12Is Films Inc165 Central St, Mansfield, MA 02048MA2008-09$61,173
13Great Pond Productions Inc13 Holly Ave, Cambridge, MA 02138-2302MA2011-09$60,365
14Motion Picture Association Of Haiti4258 Washington St Suite 3, Roslindale, MA 02131MA2010-05$60,000
15Interactive Democracy Alliance Inc30 Jay St Unit 3, Cambridge, MA 02139MA2009-12$27,181
16Williamstown Film Festival IncPo Box 81, Williamstown, MA 01267MA2014-07$20,157
17Caring From A Distance Inc105 Rockwood St, Brookline, MA 02445MA2003-03$1,661
18The Center For Cinematography And Social Awareness IncC/O Ramarsh 1970 Commonwealth Ave, Brighton, MA 02135MA2007-06$350
19Antrim Media Inc79 Antrim St, Cambridge, MA 02139MA2014-07$0
20Belmont World Film Inc, Belmont World Film19 Raynor Road, Sudbury, MA 01776MA2003-03$0
Number of organizations performing similar types of work
Alaska1
Alabama6
Arkansas5
Arizona21
California384
Colorado40
Connecticut21
District of Columbia28
Delaware3
Florida68
Georgia27
Hawaii13
Iowa9
Idaho7
Illinois62
Indiana10
Kansas12
Kentucky8
Louisiana9
Massachusetts54
Maryland38
Maine9
Michigan28
Minnesota20
Missouri14
Mississippi7
Montana5
North Carolina26
Nebraska5
New Hampshire6
New Jersey31
New Mexico21
Nevada14
New York174
Ohio16
Oklahoma9
Oregon27
Pennsylvania34
Rhode Island10
South Carolina13
South Dakota2
Tennessee15
Texas68
Utah16
Virginia32
Vermont10
Washington30
Wisconsin11
West Virginia2
Wyoming4
International2
Total1,487

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