Tibbits Opera House Endowment Inc in Coldwater, Michigan (MI)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Tibbits Opera House Endowment Inc | |
| Employer Identification Number (EIN) | 020697823 |
| Name of Organization | Tibbits Opera House Endowment Inc |
| In Care of Name | M Christine Delaney |
| Address | 14 S Hanchett St, Coldwater, MI 49036-1907 |
| Subsection | Charitable Organization |
| Ruling Date | 11/2003 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $180,156 |
| Amount of Income | $13,365 |
| Form 990 Revenue Amount | $10,863 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Opera |
Non-representatives - add comments:
Amount of income in 2013: $13,365 (it was $25,389 in 2012)
| This organization: | $13,365 |
| Other organizations performing similar types of work: | $79,363 |
Assets in 2013: $180,156 (it was $174,089 in 2012)
| Tibbits Opera House Endowment Inc: | $180,156 |
| Other organizations performing similar types of work: | $16,472 |
Expenses in 2012: $12,495
| This organization: | $12,495 |
| Other organizations performing similar types of work: | $71,641 |
Income to expenses ratio in 2012: 1.1
| This organization: | 1.1 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 91.4%
| This organization: | 91.4% |
| Other organizations performing similar types of work: | 68.5% |
Revenue for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $5,578 | $3,095 | $3,095 | |
| Contributions, gifts, grants, etc., received | $5,100 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $3,095 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $12,495 | $0 | $0 | $12,495 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $0 | $0 | $0 | |
| Contributions, gifts, grants paid | $12,495 | |||
| Excess of revenue over expenses and disbursements | $-6,917 | |||
| Net investment income | $3,095 | |||
| Adjusted net income | $3,095 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $174,089 | $190,961 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $94,560 | |
| Investments-corporate bonds | $64,262 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $15,267 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $174,089 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-2,617 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $31 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $31 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | Yes |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $190,804 |
| Net value of noncharitable-use assets | $187,940 |
| Minimum investment return | $9,397 |
| Distributable Amount (for 2012) | |
| Distributable amount | $9,366 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $9,366 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $3,095 | $9,370 | $0 | $0 | $12,465 |
| Qualifying distributions made directly for active conduct of exempt activities | $12,495 | $8,587 | $0 | $0 | $21,082 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $6,265 | $6,247 | $0 | $0 | $12,512 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | St Petersburg Opera Company | PO BOX 238, St Petersburg, FL 33731-0238 | FL | 2008-06 | $1,119,167 |
| 2 | Industry Productions Inc, The Industry | PO BOX 291726, Los Angeles, CA 90029-8726 | CA | 2013-02 | $982,694 |
| 3 | Woodland Opera House Inc | 340 2nd St, Woodland, CA 95695-3451 | CA | 1981-07 | $551,920 |
| 4 | Mill City Summer Opera | 3208 W Lake Street, Minneapolis, MN 55416 | MN | 2011-10 | $497,654 |
| 5 | American Friends Of Welsh National Opera Inc | 1000 N West Street Suite 1200, Wilmington, DE 19801 | DE | 2009-02 | $455,000 |
| 6 | Lyric Opera Virginia | 2610 Potters Road, Virginia Beach, VA 23452-7402 | VA | 2011-03 | $373,467 |
| 7 | Landmark Community Theatre | Po Box 158, Thomaston, CT 06787 | CT | 2010-01 | $314,274 |
| 8 | Opas Encore Inc | PO BOX 3141, Bryan, TX 77805-3141 | TX | 2012-05 | $266,137 |
| 9 | Salt Marsh Opera Company | PO BOX 227, Stonington, CT 06378-0227 | CT | 2001-08 | $252,841 |
| 10 | Schenectady Light Opera Co Inc | PO BOX 1006, Schenectady, NY 12301-1006 | NY | 2014-04 | $249,524 |
| 11 | Concerts In Motion Inc | 139 W74th Street Ste 4a, New York, NY 10023 | NY | 2010-04 | $221,387 |
| 12 | New York Opera Society Inc | 2753 Broadway, New York, NY 10025-2803 | NY | 2010-08 | $183,734 |
| 13 | Alamo City Opera, Opera Piccola Of San Antonio | 8603 Botts St, San Antonio, TX 78217-6301 | TX | 2012-04 | $183,463 |
| 14 | Amore Opera Inc | PO BOX 231368, New York, NY 10023-0023 | NY | 2010-02 | $160,884 |
| 15 | Arbor Opera Theater | PO BOX 8055, Ann Arbor, MI 48107-8055 | MI | 2000-03 | $55,181 |
| 16 | Motor City Lyric Opera | 4525 Charing Cross, Bloomfield Hills, MI 48304 | MI | 2002-06 | $16,869 |
| 17 | Tibbits Opera House Endowment Inc | 14 S Hanchett St, Coldwater, MI 49036-1907 | MI | 2003-11 | $13,365 |
| 18 | Opera La Salle | 303 E Washington St, Berrien Springs, MI 49103 | MI | 2010-11 | $0 |
| 19 | Pittsfield Opera Theater | 108 S Adams Street No 981126, Ypsilanti, MI 48198 | MI | 2014-09 | $0 |
| 20 | The Music Project | 11213 Dexter Chelsea Rd, Dexter, MI 48130 | MI | 2002-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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