College Park Arts Exchange Inc in College Park, Maryland (MD)
Table of contents:
| College Park Arts Exchange Inc | |
| Employer Identification Number (EIN) | 522111971 |
| Name of Organization | College Park Arts Exchange Inc |
| Address | PO BOX 784, College Park, MD 20741-0784 |
| Subsection | Educational Organization |
| Ruling Date | 07/1999 |
| 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 | 06/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $75,465 |
| Amount of Income | $83,346 |
| Form 990 Revenue Amount | $83,346 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts Education |
Non-representatives - add comments:
Amount of income in 2014: $83,346 (it was $53,413 in 2013)
| This organization: | $83,346 |
| Other organizations performing similar types of work: | $63,694 |
Assets in 2014: $75,465 (it was $84,760 in 2013)
| College Park Arts Exchange Inc: | $75,465 |
| Other organizations performing similar types of work: | $22,158 |
Expenses in 2014: $89,402
| This organization: | $89,402 |
| Other organizations performing similar types of work: | $58,738 |
Income to expenses ratio in 2014: 0.9
| This organization: | 0.9 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2014: 53.4%
| College Park Arts Exchange Inc: | 53.4% |
| Other organizations performing similar types of work: | 72.3% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $69,794 | $70,377 | $53,413 | $83,346 |
| Contributions, gifts, grants, and similar amounts received | $41,309 | $33,220 | $36,359 | $44,534 |
| Program service revenue including government fees and contracts | $28,103 | $37,025 | $16,987 | $38,283 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $0 | $33 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $280 | $99 | $67 | $375 |
| Gross sales of inventory, less returns and allowances | $280 | $99 | $67 | $375 |
| Less: cost of goods sold | $0 | $0 | $0 | $0 |
| Other revenue | $102 | $0 | $0 | $154 |
| Total expenses | $61,334 | $67,032 | $78,733 | $89,402 |
| Total net assets | $98,812 | $102,157 | $76,837 | $70,641 |
| Excess/Deficit for the year | $8,460 | $3,345 | $-25,320 | $-6,056 |
| Net assets or fund balances at beginning of year | $90,352 | $98,812 | $102,157 | $76,837 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $-140 |
| Net assets or fund balances at end of year | $102,157 | $76,837 | $70,641 | |
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $98,812 | $102,157 | $84,760 | $75,465 |
| Total liabilities | $0 | $0 | $7,923 | $4,824 |
| Net assets or fund balances | $98,812 | $102,157 | $76,837 | $70,641 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | 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 | No | |
| Total amount involved | $0 | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $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 | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | |
| Reason for Public Charity Status (for 2014) | |
| 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 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $238,212 |
| Subtotal Support | $238,212 |
| Gifts, grants, contributions, and membership fees received | $238,212 |
| 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 | $238,245 |
| Public Support | $238,212 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $33 |
| 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. | $121,254 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Art Works Studio School Inc | 3711 Rhode Island Ave, Mount Rainier, MD 20712-2069 | MD | 2011-12 | $494,695 |
| 2 | Wide Angle Youth Media Inc | 2601 North Howard St, Baltimore, MD 21218-4666 | MD | 2001-05 | $486,476 |
| 3 | The Art Glass Center Glen Echo Incorporated | 7300 Macarthur Blvd, Glen Echo, MD 20812-1200 | MD | 2008-03 | $130,799 |
| 4 | Creating Communities Corporation | 116 Sunset Dr, Annapolis, MD 21403-4116 | MD | 2008-03 | $123,839 |
| 5 | Tizmoret Inc | 3415 Clarks Lane, Baltimore, MD 21215-2545 | MD | 2004-08 | $105,986 |
| 6 | Teens Count Inc | 10709 Montgomery Rd, Beltsville, MD 20705-2559 | MD | 2004-09 | $83,570 |
| 7 | Rebuilding Through Art Project Inc, Rap | 6400 Banbury Road, Baltimore, MD 21239-1341 | MD | 2009-03 | $82,240 |
| 8 | Voices And Motion Players Inc | 6409 Cosmos Ct, Glenn Dale, MD 20769-9045 | MD | 2002-08 | $52,965 |
| 9 | Take The Stage Performance Company Inc | 11730 Devilwood Dr, Potomac, MD 20854-3403 | MD | 2014-07 | $39,479 |
| 10 | Charm City Fringe | 2601 N Howard Street Apt 404, Baltimore, MD 21218 | MD | 2013-02 | $4,967 |
| 11 | Rheas Educational Arts Foundation Inc | 1306 St Albans Rd, Pikesville, MD 21208-3732 | MD | 2006-02 | $1 |
| 12 | 7 Step Hand Dance Academy Inc, The 7 Step Hand Dance Academy | Po Box 6832, Capitol Heights, MD 20791 | MD | 2001-06 | $0 |
| 13 | Anne Arundel Rug Hookers | 708 Doages Dr, Millersville, MD 21108 | MD | 2015-02 | $0 |
| 14 | Art Blocks Inc | 834 W 36th St, Baltimore, MD 21211 | MD | 2009-03 | $0 |
| 15 | Art Legacy Institute Inc | 8837 Branch Ave, Clinton, MD 20735-2632 | MD | 2005-07 | $0 |
| 16 | Bmore Artists Guild Inc | Po Box 9349, Catonsville, MD 21228 | MD | 2013-11 | $0 |
| 17 | Celebration Community Development Corporation Inc | 6080 Foreland Garth, Columbia, MD 21045 | MD | 2013-05 | $0 |
| 18 | Color And Light Society Of Southern Maryland Inc | Po Box 11, Dameron, MD 20628 | MD | 2005-11 | $0 |
| 19 | Comedy Academy Inc | 11425 Fairoak Dr, Silver Spring, MD 20902 | MD | 2009-06 | $0 |
| 20 | Contemporary School Of The Arts & Gallery Inc | 4 West Franklin Street, Hagerstown, MD 21740 | MD | 2006-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,818 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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