Meridian Art Association Inc in Meridian, Mississippi (MS)
Table of contents:
| Meridian Art Association Inc | |
| Employer Identification Number (EIN) | 646036338 |
| Name of Organization | Meridian Art Association Inc |
| Address | PO BOX 2090, Meridian, MS 39302-2090 |
| Activities | Fair, Industry trade shows, Other cultural or historical activities |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 04/1968 |
| 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 | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $290,543 |
| Amount of Income | $163,205 |
| Form 990 Revenue Amount | $144,303 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Art Museums |
Non-representatives - add comments:
Amount of income in 2014: $163,205 (it was $107,555 in 2013)
| This organization: | $163,205 |
| Other organizations performing similar types of work: | $1,258,505 |
Assets in 2014: $290,543 (it was $281,770 in 2013)
| This organization: | $290,543 |
| Other organizations performing similar types of work: | $4,746,079 |
Expenses in 2013: $148,409
| This organization: | $148,409 |
| Other organizations performing similar types of work: | $906,066 |
Income to expenses ratio in 2013: 1.1
| This organization: | 1.1 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2013: 33.5%
| Meridian Art Association Inc: | 33.5% |
| Other organizations performing similar types of work: | 64.8% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $148,805 | $173,198 | $107,555 |
| Contributions, gifts, grants, and similar amounts received | $55,694 | $112,680 | $36,041 |
| Program service revenue including government fees and contracts | $20,746 | $16,624 | $19,374 |
| Membership dues and assessments | $19,105 | $21,545 | $24,330 |
| Investment income | $15,794 | $5,216 | $9,712 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $17,046 | $1,234 | $2,003 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $24,185 | $17,331 | $7,739 |
| Less: direct expenses from gaming and fundraising events | $7,139 | $16,097 | $5,736 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $20,420 | $15,899 | $16,095 |
| Total expenses | $138,242 | $129,295 | $148,409 |
| Total net assets | $273,771 | $320,963 | $280,109 |
| Excess/Deficit for the year | $10,563 | $43,903 | $-40,854 |
| Net assets or fund balances at beginning of year | $263,208 | $273,771 | $320,963 |
| Other changes in net assets or fund balances | $0 | $3,289 | $0 |
| Net assets or fund balances at end of year | $280,109 | ||
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $275,275 | $322,479 | $281,770 |
| Total liabilities | $1,504 | $1,516 | $1,661 |
| Net assets or fund balances | $273,771 | $320,963 | $280,109 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | ||
| Were any significant changes made to the organizing or governing documents? | 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 | ||
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | ||
| Amount of political expenditures, direct or indirect | $0 | ||
| Did the organization file Form 1120-POL for this year? | 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 | ||
| Total amount involved | $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 | ||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | 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 | $733,470 |
| Subtotal | $733,470 |
| Gifts, grants, contributions, and membership fees received | $660,821 |
| 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 | $72,649 |
| 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 | $752,101 |
| Public support | $733,470 |
| Subtotal | $17,331 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $17,331 |
| 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 | $1,300 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Ohr-Okeefe Museum Of Art Inc | PO BOX 248, Biloxi, MS 39533-0248 | MS | 1994-02 | $1,153,800 |
| 2 | The Columbus Museum Inc | 1251 Wynnton Rd, Columbus, GA 31906-2810 | GA | 1954-11 | $14,747,840 |
| 3 | Salvador Dali Museum Inc | 1 Dali Blvd, St Petersburg, FL 33701-3920 | FL | 1981-05 | $11,121,580 |
| 4 | Tampa Museum Of Art Inc | 120 W Gasparilla Plz, Tampa, FL 33602-1500 | FL | 1979-11 | $3,977,936 |
| 5 | Tucson Museum Of Art | 140 N Main Ave, Tucson, AZ 85701-8218 | AZ | 1956-02 | $3,890,252 |
| 6 | The Mobile Museum Of Art Inc | 4850 Museum Dr, Mobile, AL 36608-1917 | AL | 1996-02 | $3,749,971 |
| 7 | Mississippi Museum Of Art Inc | 308 S Lamar St, Jackson, MS 39201 | MS | 1952-09 | $3,667,832 |
| 8 | The American Visionary Art Museum Inc | 800 Key Hwy, Baltimore, MD 21230-3940 | MD | 1994-05 | $3,006,291 |
| 9 | Washington County Museum Of Fine Arts | PO BOX 423, Hagerstown, MD 21741-0423 | MD | 1947-07 | $2,359,715 |
| 10 | Thomas Gilcrease Museum Association | 1400 Gilcrease Rd, Tulsa, OK 74127 | OK | 1963-12 | $2,320,560 |
| 11 | The Museum Of Art And History At The Mcpherson Center | 705 Front St, Santa Cruz, CA 95060-4508 | CA | 1983-01 | $2,185,542 |
| 12 | Santa Monica Museum Of Art | 2525 Michigan Ave Bergamot Stn G1, Santa Monica, CA 90404 | CA | 1985-12 | $2,005,551 |
| 13 | San Angelo Museum Of Fine Arts | 1 Love St, San Angelo, TX 76903-6911 | TX | 1981-10 | $1,940,240 |
| 14 | Racine Art Museum Association Inc | PO BOX 187, Racine, WI 53401-0187 | WI | 1949-02 | $1,897,420 |
| 15 | Triple Aught Foundation | PO BOX 33, Hiko, NV 89017 | NV | 1998-11 | $1,692,629 |
| 16 | Springville Museum Of Art | 126 E 400 S, Springville, UT 84663-1953 | UT | 1982-04 | $1,590,162 |
| 17 | Storefront For Art And Architecture Inc | 97 Kenmare St, New York, NY 10012-4506 | NY | 1989-07 | $1,556,586 |
| 18 | Tyler Museum Of Art | 1300 S Mahon Ave, Tyler, TX 75701-3438 | TX | 1968-07 | $1,526,222 |
| 19 | Walter Anderson Museum Of Art Incorporated | 510 Washington Ave, Ocean Springs, MS 39564-4632 | MS | 1975-12 | $701,775 |
| 20 | Meridian Art Association Inc | PO BOX 2090, Meridian, MS 39302-2090 | MS | 1968-04 | $163,205 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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