Summit Art Inc in Lees Summit, Missouri (MO)
Table of contents:
| Summit Art Inc | |
| Employer Identification Number (EIN) | 412147766 |
| Name of Organization | Summit Art Inc |
| In Care of Name | Carole Gray |
| Address | 18 Sw 3rd St, Lees Summit, MO 64063-2325 |
| Subsection | Educational Organization, Charitable Organization |
| Ruling Date | 12/2008 |
| 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 | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $38,493 |
| Amount of Income | $121,603 |
| Form 990 Revenue Amount | $81,174 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts, Cultural Organizations - Multipurpose |
Non-representatives - add comments:
Amount of income in 2013: $121,603 (it was $113,292 in 2012)
| Summit Art Inc: | $121,603 |
| Other organizations performing similar types of work: | $59,050 |
Assets in 2013: $38,493 (it was $36,723 in 2012)
| This organization: | $38,493 |
| Other organizations performing similar types of work: | $25,518 |
Expenses in 2013: $79,728
| This organization: | $79,728 |
| Other organizations performing similar types of work: | $51,518 |
Income to expenses ratio in 2013: 1.5
| Summit Art Inc: | 1.5 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 21.8%
| This organization: | 21.8% |
| Other organizations performing similar types of work: | 1.3% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||||
| 2009 | 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|---|
| Total revenue | $20,290 | $27,860 | $48,149 | $73,624 | $81,174 |
| Contributions, gifts, grants, and similar amounts received | $2,085 | $7,100 | $5,000 | $5,300 | $17,688 |
| Program service revenue including government fees and contracts | $11,847 | $5,830 | $23,056 | $43,198 | $47,404 |
| Membership dues and assessments | $96 | $3,880 | $5,114 | $4,058 | $3,819 |
| Investment income | $100 | $359 | $435 | $429 | $408 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $6,162 | $10,691 | $14,544 | $12,389 | $11,855 |
| Gross income from gaming | $0 | $0 | $0 | $0 | $0 |
| Gross income from fundraising events | $11,508 | $51,009 | $52,963 | $52,057 | $52,284 |
| Less: direct expenses from gaming and fundraising events | $5,346 | $40,318 | $38,419 | $39,668 | $40,429 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $8,250 | $0 |
| Total expenses | $24,253 | $17,577 | $40,550 | $70,419 | $79,728 |
| Total net assets | $16,236 | $26,519 | $34,118 | $36,723 | $38,169 |
| Excess/Deficit for the year | $-3,963 | $10,283 | $7,599 | $3,205 | $1,446 |
| Net assets or fund balances at beginning of year | $20,199 | $16,236 | $26,519 | $33,518 | $36,723 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $36,723 | $38,169 | |||
| Balance Sheets | |||||
| 2009 | 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|---|
| Total assets | $16,286 | $26,519 | $34,118 | $36,723 | $38,493 |
| Total liabilities | $50 | $0 | $0 | $0 | $324 |
| Net assets or fund balances | $16,236 | $26,519 | $34,118 | $36,723 | $38,169 |
| Other Information | |||||
| 2009 | 2010 | 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 | 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 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $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 | $247,154 |
| Subtotal | $247,154 |
| Gifts, grants, contributions, and membership fees received | $57,054 |
| 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 | $190,100 |
| 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 | $0 |
| 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 | $0 |
| Total support | $248,885 |
| Public support | $247,154 |
| Subtotal | $1,731 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,731 |
| 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 | Womans Art Club Of Cincinnati Foundation | 6980 Cambridge Ave, Cincinnati, OH 45227-3362 | OH | 2007-03 | $122,085 |
| 2 | Falun Dafa Association Of Kansas City | 4004 Harvard Ln Apt 3, Kansas City, MO 64133-1325 | MO | 2012-01 | $369,921 |
| 3 | Living Room Collective | 1818 Mcgee, Kansas City, MO 64108-1833 | MO | 2012-11 | $202,139 |
| 4 | Studios Inc | 1708 Campbell St, Kansas City, MO 64108-1524 | MO | 2010-07 | $183,312 |
| 5 | White Flag Projects | 4568 Manchester Ave, Saint Louis, MO 63110-2104 | MO | 2007-07 | $177,114 |
| 6 | Summit Art Inc | 18 Sw 3rd St, Lees Summit, MO 64063-2325 | MO | 2008-12 | $121,603 |
| 7 | West Plains Council On The Arts Inc | P O Box 339, West Plains, MO 65775 | MO | 2003-08 | $64,844 |
| 8 | St Louis Heritage Foundation | C/O Rubinbrown Llp 1 N Brentwood, St Louis, MO 63105 | MO | 2005-05 | $57,949 |
| 9 | Weavers Guild Of Greater Kansas City | Po Box 7098, Kansas City, MO 64113 | MO | 2012-04 | $56,777 |
| 10 | Santo Foundation Inc A Missouri Nonprofit | 5832 Macklind Ave, Saint Louis, MO 63109-3569 | MO | 2009-07 | $32,874 |
| 11 | Cabaret Project Of Saint Louis, Cabaret Project | 680 Atalanta Ave, Webster Grvs, MO 63119-1949 | MO | 2011-05 | $30,658 |
| 12 | Walter Burley Griffin Society Of America | 1152 Center Drive, St Louis, MO 63117 | MO | 1999-06 | $5,868 |
| 13 | Montgomery County Arts Council | 123 E Third St, Montgomery City, MO 63361 | MO | 2014-09 | $1,286 |
| 14 | Northland Art League | 7143 N Norton Avenue, Gladstone, MO 64119 | MO | 2003-07 | $1,171 |
| 15 | Missouri Storytelling Inc, Mo-Tell | 910 Westover Street, Columbia, MO 65203 | MO | 2001-02 | $200 |
| 16 | Virginia Living Histories Inc | 11701 Borman Dr Ste 315, Saint Louis, MO 63146-4194 | MO | 2001-02 | $25 |
| 17 | Visual Manna Academy Ministries, Young Lions | Po Box 494, Raymore, MO 64083 | MO | 2003-02 | $1 |
| 18 | Action Orissa | 1750 Big Horn Basin Dr, Ballwin, MO 63011-4820 | MO | 2008-10 | $0 |
| 19 | American Sewing Guild Inc, Kansas City Chapter | 23724 S Treasure Rd, Peculiar, MO 64078-9663 | MO | 1986-03 | $0 |
| 20 | American Sewing Guild Inc, St Louis Chapter | 7122 Shady Hill Dr, Saint Louis, MO 63129-3909 | MO | 1986-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 6,763 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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