Desoto Arts Council in Hernando, Mississippi (MS)
Table of contents:
| Desoto Arts Council | |
| Employer Identification Number (EIN) | 640903117 |
| Name of Organization | Desoto Arts Council |
| In Care of Name | Williams Pitts And Beard Pllc |
| Address | PO BOX 718, Hernando, MS 38632-0718 |
| Subsection | Charitable Organization |
| Ruling Date | 09/1999 |
| 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 | $96,552 |
| Amount of Income | $109,887 |
| Form 990 Revenue Amount | $93,843 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Visual Arts Organizations |
Non-representatives - add comments:
Amount of income in 2013: $109,887 (it was $105,960 in 2012)
| This organization: | $109,887 |
| Other organizations performing similar types of work: | $50,352 |
Assets in 2013: $96,552 (it was $67,856 in 2012)
| This organization: | $96,552 |
| Other organizations performing similar types of work: | $28,414 |
Expenses in 2013: $65,414
| This organization: | $65,414 |
| Other organizations performing similar types of work: | $39,961 |
Income to expenses ratio in 2013: 1.7
| Desoto Arts Council: | 1.7 |
| Other organizations performing similar types of work: | 0.8 |
Grants share in income in 2013: 39.3%
| Desoto Arts Council: | 39.3% |
| Other organizations performing similar types of work: | 100.0% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $68,021 | $93,144 | $93,843 |
| Contributions, gifts, grants, and similar amounts received | $38,420 | $44,393 | $36,894 |
| Program service revenue including government fees and contracts | $15,171 | $38,763 | $42,808 |
| Membership dues and assessments | $14,424 | $0 | $0 |
| Investment income | $6 | $38 | $40 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $3,800 | $3,478 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $0 | $16,616 | $19,522 |
| Less: direct expenses from gaming and fundraising events | $0 | $12,816 | $16,044 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $6,150 | $10,623 |
| Total expenses | $57,186 | $69,116 | $65,414 |
| Total net assets | $43,720 | $67,748 | $96,177 |
| Excess/Deficit for the year | $10,835 | $24,028 | $28,429 |
| Net assets or fund balances at beginning of year | $32,885 | $43,720 | $67,748 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $67,748 | $96,177 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $44,101 | $67,856 | $96,552 |
| Total liabilities | $381 | $108 | $375 |
| Net assets or fund balances | $43,720 | $67,748 | $96,177 |
| 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 a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $247,904 |
| Subtotal Support | $247,904 |
| Gifts, grants, contributions, and membership fees received | $247,904 |
| 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 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $247,988 |
| Public Support | $247,904 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $84 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $70,860 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Two Red Roses Foundation Inc | 4190 Corporate Court, Palm Harbor, FL 34683 | FL | 2005-07 | $64,355,819 |
| 2 | Pizzuti Collection | 2 Miranova Pl Ste 800, Columbus, OH 43215-5098 | OH | 2012-01 | $6,257,497 |
| 3 | Artprize Grand Rapids | 41 Sheldon Blvd Se, Grand Rapids, MI 49503-4227 | MI | 2010-12 | $4,591,973 |
| 4 | Friends Of Southwest Virginia | 1 Heartwood Cir, Abingdon, VA 24210-8398 | VA | 2011-11 | $2,231,200 |
| 5 | American Association Of Woodturners | 75 West 5th Street 222 Landmark Cen, Saint Paul, MN 55102 | MN | 2012-01 | $1,616,095 |
| 6 | Wolf Kahn And Emily Mason Foundation Inc | Box 2314, W Brattleboro, VT 05301 | VT | 2000-03 | $1,470,405 |
| 7 | National Association Of Theater Owners Of Nj Inc | PO BOX 19, Belle Mead, NJ 08502-0019 | NJ | 2014-10 | $1,267,358 |
| 8 | The Stephen Hahn Foundation, Hahn Stephen R Ttee | 450 7th Ave Ste 2701, New York, NY 10123-2701 | NY | 1991-08 | $1,028,615 |
| 9 | Southeastern Minnesota Arts Council Inc, Semac | 2778 Commerce Dr Nw Ste D, Rochester, MN 55901-3253 | MN | 1982-07 | $1,015,387 |
| 10 | San Diego Fine Art Society, Art Pulse | 1955 Julian Ave, San Diego, CA 92113-1125 | CA | 2007-10 | $896,021 |
| 11 | Zocalo Public Square | 725 Arizona Ave Ste 204, Santa Monica, CA 90401-1713 | CA | 2004-04 | $813,742 |
| 12 | Desoto Arts Council | PO BOX 718, Hernando, MS 38632-0718 | MS | 1999-09 | $109,887 |
| 13 | Holmes County Arts Council | PO BOX 638, Lexington, MS 39095-0638 | MS | 2003-07 | $26,435 |
| 14 | Olive Branch Arts Council Inc | PO BOX 91, Olive Branch, MS 38654-0091 | MS | 1999-06 | $25,128 |
| 15 | Mississippi Committee-National Museum Women In The Arts | 2340 N 7th Ave, Laurel, MS 39440-2274 | MS | 2000-01 | $16,268 |
| 16 | Bannister Foundation Inc | 545 E Pass Rd, Gulfport, MS 39507-3240 | MS | 2014-08 | $0 |
| 17 | Corinth Artist Guild | 609 N Fillmore, Corinth, MS 38834 | MS | 2005-11 | $0 |
| 18 | Public Art Project Of Ocean Springs | P O Box 552, Ocean Springs, MS 39566-0552 | MS | 2010-11 | $0 |
| 19 | Quilting In The Grove | 7234 Stonegate Blvd, Southaven, MS 38671 | MS | 2015-02 | $0 |
| 20 | Tar Inc, Tippah Arts Ranch | PO BOX 39, Potts Camp, MS 38659-0039 | MS | 2001-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,528 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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