Artsnatchez Inc in Natchez, Mississippi (MS)
Table of contents:
| Artsnatchez Inc | |
| Employer Identification Number (EIN) | 261888290 |
| Name of Organization | Artsnatchez Inc |
| In Care of Name | Keith Karlson |
| Address | 425 Main St, Natchez, MS 39120-3463 |
| Subsection | Charitable Organization |
| Ruling Date | 08/2008 |
| 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 | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $9,123 |
| Amount of Income | $38,561 |
| Form 990 Revenue Amount | $37,136 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts Education |
Non-representatives - add comments:
Amount of income in 2013: $38,561 (it was $38,868 in 2012)
| This organization: | $38,561 |
| Other organizations performing similar types of work: | $63,694 |
Assets in 2013: $9,123 (it was $7,053 in 2012)
| Artsnatchez Inc: | $9,123 |
| Other organizations performing similar types of work: | $22,158 |
Expenses in 2013: $35,446
| This organization: | $35,446 |
| Other organizations performing similar types of work: | $58,738 |
Income to expenses ratio in 2013: 1.1
| This organization: | 1.1 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 72.3% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $45,112 | $38,868 | $37,136 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $0 |
| Program service revenue including government fees and contracts | $33,103 | $22,978 | $20,538 |
| Membership dues and assessments | $9,111 | $15,780 | $11,675 |
| 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 | $2,898 | $110 | $4,907 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $2,898 | $110 | $6,332 |
| Less: direct expenses from gaming and fundraising events | $0 | $0 | $1,425 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $16 |
| Total expenses | $47,869 | $37,539 | $35,446 |
| Total net assets | $5,230 | $6,559 | $8,252 |
| Excess/Deficit for the year | $-2,757 | $1,329 | $1,690 |
| Net assets or fund balances at beginning of year | $7,987 | $5,230 | $6,562 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $6,559 | $8,252 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $5,545 | $7,053 | $9,123 |
| Total liabilities | $315 | $494 | $871 |
| Net assets or fund balances | $5,230 | $6,559 | $8,252 |
| 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 | $205,780 |
| Subtotal | $205,780 |
| Gifts, grants, contributions, and membership fees received | $62,321 |
| 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 | $0 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $143,459 |
| 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 | $205,780 |
| Public support | $205,780 |
| 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 | Oklahoma Arts Institute Foundation | 111 Nw 9th St, Oklahoma City, OK 73102-5808 | OK | 2014-08 | $6,710,084 |
| 2 | Fine Arts Institute Of Mississippi Inc | 298 Commerce Park Drive, Ridgeland, MS 39157-2237 | MS | 2001-05 | $5,063,070 |
| 3 | Grandview Foundation Inc | 484 South Maya Palm Drive, Boca Raton, FL 33432 | FL | 2010-09 | $4,686,061 |
| 4 | Delta Arts Alliance Inc | PO BOX 763, Cleveland, MS 38732-0763 | MS | 2004-03 | $285,416 |
| 5 | Griot Arts Inc | 278 Sunflower Ave, Clarksdale, MS 38614-4221 | MS | 2011-09 | $123,885 |
| 6 | Artsnatchez Inc | 425 Main St, Natchez, MS 39120-3463 | MS | 2008-08 | $38,561 |
| 7 | Kreative Kids Academy Inc | 513 Vine Cir, Bay St Louis, MS 39520-2812 | MS | 2009-12 | $10,504 |
| 8 | Natchez Dance Theater Incorporated | 64 Homochitto Street, Natchez, MS 39120-3903 | MS | 2012-09 | $4,102 |
| 9 | Community Bridges Inc, Na | 660 Peyton Dr, Biloxi, MS 39530 | MS | 1999-05 | $2 |
| 10 | Alma Fine Arts Outreach Center | 172 W Liberty Rd, Collinsville, MS 39325-7237 | MS | 2015-01 | $0 |
| 11 | Association Of Historians Of American Art | 4074 Pine Hill Drive, Jackson, MS 39206 | MS | 2005-06 | $0 |
| 12 | Association Of Traditional Hooking Artists | 141 West Peace Street, Canton, MS 39046 | MS | 2004-11 | $0 |
| 13 | Emerald Coast Institute Of Arts And Sciences Inc | 2911 Larchmont Street, Pascagoula, MS 39567 | MS | 2008-06 | $0 |
| 14 | Gulfport Galleria Of Fine Art | 1401 23rd Avenue, Gulfport, MS 39501 | MS | 2014-06 | $0 |
| 15 | Koox Boon | 1966 Renshaw Rd, Yazoo City, MS 39194-8696 | MS | 2015-03 | $0 |
| 16 | Mccomb Studio Of Art And Design Center | 325 N Front St, Mccomb, MS 39648-3917 | MS | 2004-09 | $0 |
| 17 | Mosaic Gallery Of Mississippi | 2070 Cr 89, Mccarley, MS 38943 | MS | 2005-03 | $0 |
| 18 | Power Apac Arts Support Group Inc | 1120 Riverside Dr, Jackson, MS 39202-1231 | MS | 2004-01 | $0 |
| 19 | Purple Word Center For Book And Paper Arts | 4230 Council Cir, Jackson, MS 39206-5817 | MS | 2015-02 | $0 |
| 20 | The Life Outreach Center | 113 Vance Street, Batesville, MS 38606 | MS | 2003-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,818 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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