Studio 206, 206 in Minneapolis, Minnesota (MN)
Table of contents:
| Studio 206, 206 | |
| Employer Identification Number (EIN) | 263663089 |
| Name of Organization | Studio 206 |
| Secondary Name | 206 |
| In Care of Name | Shawn McConneloug |
| Address | Ivy Building For The Arts 2637 27th Avenue South Studio 206, Minneapolis, MN 55406 |
| Website | http://ivystudio206.com |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 09/2009 |
| 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 | 2008 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $44,359 |
| Amount of Income | $112,235 |
| Form 990 Revenue Amount | $112,235 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Performing Arts Centers |
Non-representatives - add comments:
Amount of income in 2008: $112,235 (it was $112,235 in 2013)
| Studio 206, 206: | $112,235 |
| Other organizations performing similar types of work: | $109,573 |
Assets in 2008: $44,359 (it was $44,359 in 2013)
| Studio 206, 206: | $44,359 |
| Other organizations performing similar types of work: | $43,354 |
Expenses in 2013: $107,704
| This organization: | $107,704 |
| Other organizations performing similar types of work: | $102,020 |
Income to expenses ratio in 2013: 1.0
| Studio 206, 206: | 1.0 |
| Other organizations performing similar types of work: | 0.8 |
Grants share in income in 2013: 74.7%
| Studio 206, 206: | 74.7% |
| Other organizations performing similar types of work: | 39.2% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $34,659 | $99,798 | $112,235 |
| Contributions, gifts, grants, and similar amounts received | $24,350 | $81,248 | $83,891 |
| Program service revenue including government fees and contracts | $10,309 | $18,550 | $28,344 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| 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 | $33,507 | $69,772 | $107,704 |
| Total net assets | $9,802 | $39,828 | $44,359 |
| Excess/Deficit for the year | $1,152 | $30,026 | $4,531 |
| Net assets or fund balances at beginning of year | $8,650 | $9,802 | $39,828 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $39,828 | $44,359 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $9,802 | $39,828 | $44,359 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $9,802 | $39,828 | $44,359 |
| 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 | $213,539 |
| Subtotal | $286,039 |
| Gifts, grants, contributions, and membership fees received | $211,641 |
| 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 | $74,398 |
| 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 | $72,500 |
| 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 | $72,500 |
| Total support | $286,039 |
| Public support | $286,039 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 | Mississippi Arts And Entertainment Center | PO BOX 148, Meridian, MS 39302-0148 | MS | 2003-09 | $21,673,147 |
| 2 | El Dorado Festivals & Events Inc | 202 W 19th St, El Dorado, AR 71730-3115 | AR | 2011-11 | $13,328,276 |
| 3 | Teatro Zinzanni, Langill Norman P Member | 4025 21st Ave W, Seattle, WA 98199-1201 | WA | 2003-03 | $11,380,069 |
| 4 | Gallo Center For The Arts Inc | 1000 I Street, Modesto, CA 95354 | CA | 2009-03 | $7,930,750 |
| 5 | Minnesota Shubert Center For Dance And Music | 250 Third Ave N Suite 500, Minneapolis, MN 55401 | MN | 2010-09 | $3,303,558 |
| 6 | Beverly Hills Performing Arts Center Inc | 8440 Wilshire Blvd, Beverly Hills, CA 90211 | CA | 2012-02 | $2,895,873 |
| 7 | Wingspan Arts Inc | 630 9th Ave, New York, NY 10036-3708 | NY | 2002-07 | $2,554,973 |
| 8 | Pangea World Theater | 711 W Lake St Ste 102, Minneapolis, MN 55408-3357 | MN | 1997-02 | $459,933 |
| 9 | Open Eye Figure Theatre | 506 E 24th St, Minneapolis, MN 55404-3732 | MN | 2000-08 | $297,577 |
| 10 | Studio 206, 206 | Ivy Building For The Arts 2637 27th Avenue South Studio 206, Minneapolis, MN 55406 | MN | 2009-09 | $112,235 |
| 11 | Show Choirs Of Bemidji Inc | 21132 Gold Coast Rd Nw, Bemidji, MN 56601-4380 | MN | 2009-07 | $100,281 |
| 12 | Hennepin Center For The Arts | 250 3rd Ave N Ste 500, Minneapolis, MN 55401-1641 | MN | 1978-01 | $53,596 |
| 13 | Friends Of The Burnsville Performing Arts Center | 12219 Wood Lake Dr Ste 200, Burnsville, MN 55337-1563 | MN | 2008-02 | $7,626 |
| 14 | Baroque Room | 275 4th St E Ste 280, Saint Paul, MN 55101-1611 | MN | 2015-04 | $0 |
| 15 | Bell Tower Troop | PO BOX 342, St Clair, MN 56080-0342 | MN | 2005-09 | $0 |
| 16 | Gaia Collective | 2538 Garfield St Ne, Minneapolis, MN 55418-3950 | MN | 2002-10 | $0 |
| 17 | Kimball Community Playhouse | Po Box 508, Kimball, MN 55353 | MN | 2001-10 | $0 |
| 18 | The Urban Spectrum | 5812 11th Av S, Minneapolis, MN 55417 | MN | 1979-05 | $0 |
| 19 | Twin Cities Theatre & Film Alliance | 528 Hennepin Ave Ste 600, Minneapolis, MN 55403-1810 | MN | 2001-02 | $0 |
| 20 | Underdog Productions Inc | 820 Superior Dr, Northfield, MN 55057 | MN | 2014-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 780 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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