Buchanan Art Center Inc in Buchanan, Michigan (MI)
Table of contents:
| Buchanan Art Center Inc | |
| Employer Identification Number (EIN) | 201218119 |
| Name of Organization | Buchanan Art Center Inc |
| In Care of Name | Mary Lister |
| Address | 117 W Front St, Buchanan, MI 49107-1234 |
| Subsection | Educational Organization |
| Ruling Date | 11/2004 |
| 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 | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $369,528 |
| Amount of Income | $63,418 |
| Form 990 Revenue Amount | $59,511 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Art Museums |
Non-representatives - add comments:
Amount of income in 2013: $63,418 (it was $67,254 in 2012)
| This organization: | $63,418 |
| Other organizations performing similar types of work: | $85,415 |
Assets in 2013: $369,528 (it was $397,305 in 2012)
| This organization: | $369,528 |
| Other organizations performing similar types of work: | $116,686 |
Expenses in 2013: $89,156
| This organization: | $89,156 |
| Other organizations performing similar types of work: | $69,526 |
Income to expenses ratio in 2013: 0.7
| Buchanan Art Center Inc: | 0.7 |
| Other organizations performing similar types of work: | 1.7 |
Grants share in income in 2013: 18.9%
| Buchanan Art Center Inc: | 18.9% |
| Other organizations performing similar types of work: | 100.0% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $101,734 | $54,758 | $59,511 |
| Contributions, gifts, grants, and similar amounts received | $42,204 | $3,909 | $11,263 |
| Program service revenue including government fees and contracts | $40,338 | $40,170 | $38,788 |
| Membership dues and assessments | $8,275 | $7,045 | $6,965 |
| Investment income | $1,968 | $2,363 | $163 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $8,432 | $1,126 | $2,178 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $11,930 | $13,622 | $6,085 |
| Less: direct expenses from gaming and fundraising events | $3,498 | $12,496 | $3,907 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $517 | $145 | $154 |
| Total expenses | $70,365 | $75,394 | $89,156 |
| Total net assets | $416,890 | $396,254 | $366,609 |
| Excess/Deficit for the year | $31,369 | $-20,636 | $-29,645 |
| Net assets or fund balances at beginning of year | $385,521 | $416,890 | $396,254 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $396,254 | $366,609 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $417,135 | $397,305 | $369,528 |
| Total liabilities | $245 | $1,051 | $2,919 |
| Net assets or fund balances | $416,890 | $396,254 | $366,609 |
| 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 | $610,470 |
| Subtotal | $610,470 |
| Gifts, grants, contributions, and membership fees received | $488,227 |
| 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 | $122,243 |
| 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 | $618,126 |
| Public support | $610,470 |
| Subtotal | $7,656 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $7,656 |
| 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 | Shraman South Asian Museum And Learning Center Foundation | Two Lincoln Center, Dallas, TX 75240 | TX | 2012-11 | $21,378,476 |
| 2 | American Museum Of Western Art-The Anschutz Collection | 1727 Tremont Pl, Denver, CO 80202-4006 | CO | 2010-09 | $13,080,693 |
| 3 | Broad Collection | 10900 Wilshire Blvd Fl 12, Los Angeles, CA 90024-6548 | CA | 2011-05 | $9,302,568 |
| 4 | New Museum At The Bradford Brinton Ranch | PO BOX 460, Big Horn, WY 82833-0460 | WY | 2012-06 | $6,938,926 |
| 5 | Museum Of World War Ii Inc | 46 Eliot St, Natick, MA 01760-6042 | MA | 2013-03 | $4,867,300 |
| 6 | Museum Of Contemporary Art Detroit | 4454 Woodward Ave, Detroit, MI 48201-1822 | MI | 2006-08 | $1,492,478 |
| 7 | Northeast Michigan Center For Fine Arts Inc, Art In The Loft At Gallery 109 | 109 N Second Ave Ste 300, Alpena, MI 49707-2854 | MI | 2005-04 | $264,424 |
| 8 | Partnership For The Arts & Humaniti Es Inc | PO BOX 871722, Canton, MI 48187-7022 | MI | 2003-07 | $91,347 |
| 9 | Charlevoix Circle Of Arts | PO BOX 617, Charlevoix, MI 49720-0617 | MI | 2009-10 | $71,964 |
| 10 | Buchanan Art Center Inc | 117 W Front St, Buchanan, MI 49107-1234 | MI | 2004-11 | $63,418 |
| 11 | Artist Guild Of The Ausable | 2017 W Kittle Rd, Mio, MI 48647-9720 | MI | 2007-06 | $160 |
| 12 | Ada Council For The Arts | Po Box 553, Ada, MI 49301 | MI | 1996-01 | $0 |
| 13 | Circle Of Knowledge Foundation, None None | 18707 Biltmore, Detroit, MI 48235 | MI | 2010-10 | $0 |
| 14 | Kunsthalle Detroit | 5001 Grand River Ave, Detroit, MI 48208 | MI | 2010-06 | $0 |
| 15 | Manistee Art Institute | PO BOX 184, Manistee, MI 49660 | MI | 1995-08 | $0 |
| 16 | Metropolitan Museum Of Design Detroit | 1274 Library St Ste 300, Detroit, MI 48226-2291 | MI | 2015-04 | $0 |
| 17 | Midwest Miniatures Museum | 6855 W Hickory Rd, Hickory Corners, MI 49060 | MI | 2014-10 | $0 |
| 18 | Museum Of New Art | 15655 33 Mile Road, Armada, MI 48005 | MI | 2000-07 | $0 |
| 19 | My Fathers Love | Po Box 114, Elk Rapids, MI 49629 | MI | 2006-03 | $0 |
| 20 | Thearts Exchange Museum | 2966 Woodward Ave, Detroit, MI 48201 | MI | 2004-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 513 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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