Grand Center For Arts & Culture Inc in New Ulm, Minnesota (MN)
Table of contents:
Grand Center For Arts & Culture Inc | |
Employer Identification Number (EIN) | 271630618 |
Name of Organization | Grand Center For Arts & Culture Inc |
Address | 210 N Minnesota St, New Ulm, MN 56073-1732 |
Subsection | Charitable Organization |
Ruling Date | 01/2011 |
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 | $1,000,000 to $4,999,999 |
Income | $1,000,000 to $4,999,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $2,332,805 |
Amount of Income | $1,081,589 |
Form 990 Revenue Amount | $1,079,020 |
National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts, Cultural Organizations - Multipurpose |
Non-representatives - add comments:
Amount of income in 2013: $1,081,589 (it was $1,519,198 in 2012)
This organization: | $1,081,589 |
Other organizations performing similar types of work: | $59,050 |
Assets in 2013: $2,332,805 (it was $1,434,308 in 2012)
Grand Center For Arts & Culture Inc: | $2,332,805 |
Other organizations performing similar types of work: | $25,518 |
Expenses in 2012: $108,626
Grand Center For Arts & Culture Inc: | $108,626 |
Other organizations performing similar types of work: | $51,518 |
Income to expenses ratio in 2012: 10.0
Grand Center For Arts & Culture Inc: | 10.0 |
Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 97.6%
This organization: | 97.6% |
Other organizations performing similar types of work: | 1.3% |
Revenue for 2012
Functional expenses for 2012
Support schedule
Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
Initiation fees and capital contributions | $0 |
Gross receipts for public use of club facilities | $0 |
Gross income from members or shareholders | $0 |
Gross income from other sources | $0 |
Statement of Revenue (for 2012) | |
Total revenue | $1,518,908 |
Contributions, Gifts, Grants and Other Similar Amounts | $1,481,941 |
Program Service Revenue | $18,234 |
Other Revenue | |
Investment income (including dividends, interest, and other similar amounts) | $0 |
Income from investment of tax-exempt bond proceeds | $0 |
Royalties | $0 |
Net rental income | $0 |
Net gain from sales of assets other than inventory | $0 |
Net income from fundraising events | $18,733 |
Gross income from fundraising events | $19,023 |
Less: direct expenses | $290 |
Net income from gaming activities | $0 |
Net income from sales of inventory | $0 |
Miscellaneous Revenue | $0 |
Statement of Functional Expenses (for 2012) | |
Total functional expenses | $108,626 |
Compensation of current officers, directors, trustees, and key employees | $0 |
Other salaries and wages | $24,134 |
Payroll taxes | $2,637 |
Professional fundraising services | $0 |
Other | $81,855 |
Balance Sheet (for 2012) | |
Total assets | $1,434,308 |
Total liabilities | $6,549 |
Tax-exempt bond liabilities | $0 |
Secured mortgages and notes payable to unrelated third parties | $0 |
Unsecured notes and loans payable to unrelated third parties | $0 |
Other | $6,549 |
Total net assets or fund balances | $1,427,759 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Reason for Public Charity Status (for 2012) | |
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 |
Support Schedule for Organizations Described in Section 509(a)(2) (for 2012) | |
2008 - 2012 Total | |
---|---|
Total support | $282,172 |
Gifts, grants, contributions, and membership fees received | $239,875 |
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 | $24,564 |
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 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
Other | $17,733 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Womans Art Club Of Cincinnati Foundation | 6980 Cambridge Ave, Cincinnati, OH 45227-3362 | OH | 2007-03 | $122,085 |
2 | Grand Center For Arts & Culture Inc | 210 N Minnesota St, New Ulm, MN 56073-1732 | MN | 2011-01 | $1,081,589 |
3 | Minnesota Falun Dafa Association | PO BOX 1056, Chanhassen, MN 55317-1056 | MN | 2011-10 | $549,529 |
4 | Twin Cities Polish Festival | 9182 Bataan St Ne, Minneapolis, MN 55449-5615 | MN | 2009-07 | $158,078 |
5 | Twin Rivers Council For The Arts | 523 S 2nd St, Mankato, MN 56001-3705 | MN | 2006-06 | $151,712 |
6 | Woodbury Fine Arts Council, Woodbury Arts Connection | Po Box 251244, Woodbury, MN 55125 | MN | 1997-04 | $123,759 |
7 | Zumbrota Area Arts Council | PO BOX 45, Zumbrota, MN 55992-0045 | MN | 2009-09 | $120,536 |
8 | Tigerlion Arts | 730 Second Ave S, Minneapolis, MN 55402-3400 | MN | 2007-11 | $116,111 |
9 | Veit Foundation | 8552 Baker Ave Nw, Buffalo, MN 55313-2710 | MN | 2000-03 | $101,865 |
10 | Walking Shadow Theater Company | 820 E 36th St, Minneapolis, MN 55407-2602 | MN | 2005-11 | $100,810 |
11 | Tofte Lake Center | 2209 Fernberg Road, Ely, MN 55731 | MN | 2008-05 | $98,875 |
12 | Minnesota African American Museum And Cultural Center | 1700 3rd Ave S, Minneapolis, MN 55404-1814 | MN | 2009-04 | $79,152 |
13 | Embarrass Region Fair Association | 4855 Hyw 21, Embarrass, MN 55732 | MN | 2014-02 | $73,773 |
14 | St Louis Park Friends Of The Arts | 6715 Minnetonica Blvd Ste 103, St Louis Park, MN 55426-3400 | MN | 1997-01 | $66,196 |
15 | Grassroots Culture | 200 South Sixth Street Suite 4000, Minneapolis, MN 55402 | MN | 2009-07 | $55,835 |
16 | Cottage Grove Area Strawberry Festival Inc | PO BOX 512, Cottage Grove, MN 55016-0512 | MN | 2008-09 | $50,055 |
17 | Pine Center For The Arts Inc | Po Box 308, Pine City, MN 55063 | MN | 2008-10 | $40,322 |
18 | Vintage Band Music Festival | 204 7th Street W Pmb 130, Northfield, MN 55057 | MN | 2009-10 | $40,053 |
19 | Lake Vermilion Cultural Center | PO BOX 659, Tower, MN 55790-0659 | MN | 2012-09 | $35,776 |
20 | Minneapolis St Patricks Day Associ | 509 Mill St Ne, Minneapolis, MN 55421-3822 | MN | 2015-04 | $20,219 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 6,763 |
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