Michigan Fiber Festival Inc in Hastings, Michigan (MI)

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Michigan Fiber Festival Inc
Employer Identification Number (EIN)383288835
Name of OrganizationMichigan Fiber Festival Inc
Address142 E State St, Hastings, MI 49058-1809
ActivitiesDescribed in section 509(a)(2) of the Code, Fair
SubsectionEducational Organization
Ruling Date07/1996
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 Period12/2014
Assets$10,000 to $24,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$14,133
Amount of Income$113,656
Form 990 Revenue Amount$113,656
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Visual Arts Organizations


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Amount of income in 2014: $113,656 (it was $95,739 in 2013)
Michigan Fiber Festival Inc: 

 $113,656
Other organizations performing similar types of work: 

 $186,328

Assets in 2014: $14,133 (it was $782 in 2013)
This organization: 

 $14,133
Other organizations performing similar types of work: 

 $218,487

Expenses in 2013: $107,246
Michigan Fiber Festival Inc: 

 $107,246
Other organizations performing similar types of work: 

 $179,800

Income to expenses ratio in 2013: 1.1
This organization: 

 1.1
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2013: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 12.6%

Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$108,964$106,396$95,739
Contributions, gifts, grants, and similar amounts received$947$1,638$0
Program service revenue including government fees and contracts$104,974$98,366$89,213
Membership dues and assessments$2,325$5,702$6,122
Investment income$748$690$404
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$0$0$0
Other revenue$0$0$0
Total expenses$105,394$94,107$107,246
Total net assets$73,871$12,289$782
Excess/Deficit for the year$3,570$12,289$-11,507
Net assets or fund balances at beginning of year$70,301$0$12,289
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$12,289$782
Balance Sheets
201120122013
Total assets$73,871$12,289$782
Total liabilities$0$0$0
Net assets or fund balances$73,871$12,289$782
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:A school described in section 170(b)(1)(A)(ii)
Number of organizations supported0
Sum of amounts of support$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Elizabeth Lane Oliver Center For The ArtsPO BOX 1513, Frankfort, MI 49635-1513MI1984-07$477,557
2Southern Highland Handicraft Guild IncPO BOX 9545, Asheville, NC 28815-0545NC1967-10$3,893,868
3Sculpture Center Inc4419 Purves St, Long Is City, NY 11101-2907NY1944-09$3,445,176
4Pewabic Society Inc10125 E Jefferson Ave, Detroit, MI 48214-3138MI1980-01$2,831,371
5Williamstown Art Conservation Center Inc227 South St, Williamstown, MA 01267-2878MA1978-04$2,190,396
6Urbanglass New York Contemporary Glass Center Inc647 Fulton Street, Brooklyn, NY 11217-1152NY1983-03$1,839,890
7The Armory Art Center Inc1700 Parker Ave, West Palm Bch, FL 33401-7042FL1987-11$1,654,607
8Ann Arbor Art Association117 W Liberty St, Ann Arbor, MI 48104-1320MI1945-11$804,549
9The Heidelberg Project42 Watson St, Detroit, MI 48201-2712MI1990-08$438,427
10Studio 23901 N Water St, Bay City, MI 48708-5621MI1963-09$225,660
11Lansing Art Gallery Inc119 N Washington Sq Ste 101, Lansing, MI 48933-1676MI1971-01$207,109
12Potters Guild Inc201 Hill St, Ann Arbor, MI 48104-3216MI1952-09$190,698
13Copper Country Community Arts Council126 Quincy St, Hancock, MI 49930-1827MI1991-06$131,628
14Artcenter Traverse City Inc5152 Us 31 North, Williamsburg, MI 49690-9316MI1986-05$128,422
15Michigan Fiber Festival Inc142 E State St, Hastings, MI 49058-1809MI1996-07$113,656
16St Clair Art Association Inc201 N Riverside Ave Ste A6, St Clair, MI 48079-5470MI1972-07$100,078
17Plymouth Community Ice Sculpture Spectacular865 S Main St Ste 2, Plymouth, MI 48170-2085MI1990-08$73,477
18Berrien Artist Guild Inc1101 Broad Street, St Joseph, MI 49085-1790MI1995-05$24,630
19Crystal Falls Contemporary CenterPO BOX 243, Crystal Falls, MI 49920MI1983-09$0
20National Association Of Wheat Weavers Inc9360 Warnick Rd, Frankenmuth, MI 48734MI1992-04$0
Number of organizations performing similar types of work
Alaska1
Alabama4
Arkansas1
Arizona2
California60
Colorado14
Connecticut11
District of Columbia8
Florida26
Georgia10
Hawaii1
Iowa3
Idaho1
Illinois15
Indiana8
Kansas2
Kentucky9
Louisiana6
Massachusetts17
Maryland6
Maine3
Michigan17
Minnesota9
Missouri8
Mississippi4
Montana1
North Carolina19
Nebraska5
New Hampshire2
New Jersey10
New Mexico6
Nevada2
New York54
Ohio23
Oklahoma3
Oregon9
Pennsylvania19
Rhode Island4
South Carolina4
Tennessee4
Texas27
Utah3
Virginia13
Vermont4
Washington12
Wisconsin9
West Virginia2
Wyoming2
International1
Total484

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