Tigerlion Arts in Minneapolis, Minnesota (MN)

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Tigerlion Arts
Employer Identification Number (EIN)260530263
Name of OrganizationTigerlion Arts
In Care of NameSawmill Private Management Inc
Address730 Second Ave S, Minneapolis, MN 55402-3400
SubsectionCharitable Organization
Ruling Date11/2007
DeductibilityContributions are deductible
FoundationPrivate operating foundation (other)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$136,070
Amount of Income$116,111
Form 990 Revenue Amount$295,709
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Arts, Cultural Organizations - Multipurpose


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Amount of income in 2013: $116,111 (it was $215,772 in 2012)
Tigerlion Arts: 

 $116,111
Other organizations performing similar types of work: 

 $59,050

Assets in 2013: $136,070 (it was $85,336 in 2012)
This organization: 

 $136,070
Other organizations performing similar types of work: 

 $25,518

Expenses in 2013: $66,968
Tigerlion Arts: 

 $66,968
Other organizations performing similar types of work: 

 $51,518

Income to expenses ratio in 2013: 1.7
Tigerlion Arts: 

 1.7
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 93.2%
This organization: 

 93.2%
Other organizations performing similar types of work: 

 1.3%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$116,111$0$7,911
Contributions, gifts, grants, etc., received$108,200
Interest on savings and temporary cash investments$0
Dividends and interest from securities$0
Gross rents$0
Gross sales price for all assets$0
Gross profit from sales of goods$27
Gross sales less returns and allowances$27
Less: Cost of goods sold$0
Other income$7,884
Total expenses and disbursements$66,968$0$7,911$59,057
Compensation of officers, directors, trustees, etc.$37,022
Pension plans, employee benefits$0
Legal fees$0
Accounting fees$5,000
Interest$0
Depreciation$1,808
Occupancy$698
Travel, conferences, and meetings$1,139
Printing and publications$1,088
Total operating and administrative expenses$66,968$0$59,057
Contributions, gifts, grants paid$0
Excess of revenue over expenses and disbursements$49,143
Net investment income$0
Adjusted net income$0
Balance Sheets
201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$185,960$185,960$85,336$85,336$136,070$136,070
Cash - non-interest-bearing$181,583$82,850$135,458
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$0$0$0
Investments-corporate bonds$0$0$0
Investments-mortgage loans$0$0$0
Investments-other$0$0$0
Other assets$0$0
Total liabilities$1$1$92
Mortgages and other notes payable$0$0$0
Other liabilities$0$0
Total liabilities and net assets/fund balances$185,960$85,336$135,978
Capital Gains and Losses for Tax on Investment Income
201120122013
Capital gain net income$0$0$0
Net capital loss$0$0$0
Excise Tax Based on Investment Income
201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$0$0$0
Total credits and payments$0$0$0
Any penalty for underpayment of estimated tax$0$0$0
Tax due$0$0
Overpayment$0$0
Amount to be credited to next year's estimated tax$0$0$0
Statements Regarding Activities
201120122013
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?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?YesYesYes
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?YesYesYes
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
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)?NoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$147,340$65,617$102,011
Net value of noncharitable-use assets$64,633$100,481
Minimum investment return$7,257$3,232$5,024
Distributable Amount
201120122013
Distributable amount$0$0$0
Undistributed Income
201120122013
Distributable amount for this year$0$0$0
Undistributed income for this year. This amount must be distributed in the next year$0$0$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
The lesser of the adjusted net income or the minimum investment return$1$0$0$0$1
Qualifying distributions made directly for active conduct of exempt activities$59,057$254,304$224,886$123,978$662,225
Value of all assets$1$82,916$181,649$117,905$382,470
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$3,349$2,155$4,838$2,703$13,045
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
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
$0$342
$0$7,542
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$0
Dividends and interest from securities$0$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Womans Art Club Of Cincinnati Foundation6980 Cambridge Ave, Cincinnati, OH 45227-3362OH2007-03$122,085
2Grand Center For Arts & Culture Inc210 N Minnesota St, New Ulm, MN 56073-1732MN2011-01$1,081,589
3Minnesota Falun Dafa AssociationPO BOX 1056, Chanhassen, MN 55317-1056MN2011-10$549,529
4Twin Cities Polish Festival9182 Bataan St Ne, Minneapolis, MN 55449-5615MN2009-07$158,078
5Twin Rivers Council For The Arts523 S 2nd St, Mankato, MN 56001-3705MN2006-06$151,712
6Woodbury Fine Arts Council, Woodbury Arts ConnectionPo Box 251244, Woodbury, MN 55125MN1997-04$123,759
7Zumbrota Area Arts CouncilPO BOX 45, Zumbrota, MN 55992-0045MN2009-09$120,536
8Tigerlion Arts730 Second Ave S, Minneapolis, MN 55402-3400MN2007-11$116,111
9Veit Foundation8552 Baker Ave Nw, Buffalo, MN 55313-2710MN2000-03$101,865
10Walking Shadow Theater Company820 E 36th St, Minneapolis, MN 55407-2602MN2005-11$100,810
11Tofte Lake Center2209 Fernberg Road, Ely, MN 55731MN2008-05$98,875
12Minnesota African American Museum And Cultural Center1700 3rd Ave S, Minneapolis, MN 55404-1814MN2009-04$79,152
13Embarrass Region Fair Association4855 Hyw 21, Embarrass, MN 55732MN2014-02$73,773
14St Louis Park Friends Of The Arts6715 Minnetonica Blvd Ste 103, St Louis Park, MN 55426-3400MN1997-01$66,196
15Grassroots Culture200 South Sixth Street Suite 4000, Minneapolis, MN 55402MN2009-07$55,835
16Cottage Grove Area Strawberry Festival IncPO BOX 512, Cottage Grove, MN 55016-0512MN2008-09$50,055
17Pine Center For The Arts IncPo Box 308, Pine City, MN 55063MN2008-10$40,322
18Vintage Band Music Festival204 7th Street W Pmb 130, Northfield, MN 55057MN2009-10$40,053
19Lake Vermilion Cultural CenterPO BOX 659, Tower, MN 55790-0659MN2012-09$35,776
20Minneapolis St Patricks Day Associ509 Mill St Ne, Minneapolis, MN 55421-3822MN2015-04$20,219
Number of organizations performing similar types of work
Alaska22
Alabama63
Arkansas50
Arizona135
California1,022
Colorado143
Connecticut88
District of Columbia74
Delaware13
Florida371
Georgia162
Hawaii83
Iowa63
Idaho34
Illinois240
Indiana102
Kansas48
Kentucky74
Louisiana85
Massachusetts189
Maryland133
Maine46
Michigan156
Minnesota133
Missouri129
Mississippi35
Montana33
North Carolina169
North Dakota14
Nebraska42
New Hampshire25
New Jersey180
New Mexico70
Nevada39
New York667
Ohio194
Oklahoma53
Oregon141
Pennsylvania218
Rhode Island33
South Carolina64
South Dakota17
Tennessee93
Texas380
Utah63
Virginia178
Vermont26
Washington183
Wisconsin110
West Virginia47
Wyoming10
International21
Total6,763

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