Art Of Cool Project in Raleigh, North Carolina (NC)
Table of contents:
| Art Of Cool Project | |
| Employer Identification Number (EIN) | 453842298 |
| Name of Organization | Art Of Cool Project |
| In Care of Name | Cicely Mitchell |
| Address | 7740 Acc Blvd, Raleigh, NC 27617 |
| Website | http://www.theartofcoolproject.org |
| Subsection | Charitable Organization |
| Ruling Date | 05/2013 |
| 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 | 2011 |
| Assets | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $21,564 |
| Amount of Income | $61,277 |
| Form 990 Revenue Amount | $27,229 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Music |
Non-representatives - add comments:
Amount of income in 2011: $61,277 (it was $27,229 in 2013)
| This organization: | $61,277 |
| Other organizations performing similar types of work: | $51,420 |
Assets in 2011: $21,564 (it was $21,564 in 2013)
| Art Of Cool Project: | $21,564 |
| Other organizations performing similar types of work: | $15,938 |
Expenses in 2013: $5,665
| Art Of Cool Project: | $5,665 |
| Other organizations performing similar types of work: | $45,736 |
Income to expenses ratio in 2013: 10.8
| This organization: | 10.8 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 195.3%
| Art Of Cool Project: | 195.3% |
| Other organizations performing similar types of work: | 5.6% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |
| 2013 | |
|---|---|
| Total revenue | $27,229 |
| Contributions, gifts, grants, and similar amounts received | $53,165 |
| Program service revenue including government fees and contracts | $0 |
| Membership dues and assessments | $0 |
| Investment income | $0 |
| Gain/Loss from sale of assets other than inventory | $0 |
| Net income/loss from gaming and fundraising events | $-28,044 |
| Gross income from gaming | $0 |
| Gross income from fundraising events | $6,004 |
| Less: direct expenses from gaming and fundraising events | $34,048 |
| Gross profit/loss from sales of inventory | $0 |
| Other revenue | $2,108 |
| Total expenses | $5,665 |
| Total net assets | $21,564 |
| Excess/Deficit for the year | $21,564 |
| Net assets or fund balances at beginning of year | $0 |
| Other changes in net assets or fund balances | $0 |
| Net assets or fund balances at end of year | $21,564 |
| Balance Sheets | |
| 2013 | |
|---|---|
| Total assets | $21,564 |
| Total liabilities | $0 |
| Net assets or fund balances | $21,564 |
| Other Information | |
| 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 |
| 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 |
| Gross receipts for public use of club facilities | $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 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 | $53,165 |
| Subtotal Support | $53,165 |
| Gifts, grants, contributions, and membership fees received | $53,165 |
| 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 | $55,273 |
| Public Support | $53,165 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 | $2,108 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Kidznotes | 4 Hartford Ct, Durham, NC 27707 | NC | 2009-10 | $580,564 |
| 2 | Friends Of John Coltrane | PO BOX 2392, High Point, NC 27261-2392 | NC | 2010-07 | $191,187 |
| 3 | Jazz Arts Initiative | Po Box 32441, Charlotte, NC 28232 | NC | 2010-07 | $127,713 |
| 4 | Tosco Music Parties Inc | 4953 Albemarle Rd, Charlotte, NC 28205-6617 | NC | 1999-10 | $71,751 |
| 5 | Asheville Music School Sound Education | 126 College St, Asheville, NC 28801-3011 | NC | 2012-09 | $68,748 |
| 6 | Iredell Concert Association | Po Box 103, Statesville, NC 28687 | NC | 1999-01 | $68,431 |
| 7 | Art Of Cool Project | 7740 Acc Blvd, Raleigh, NC 27617 | NC | 2013-05 | $61,277 |
| 8 | Durham Jazz Workshop | 2610 University Dr, Durham, NC 27707-2862 | NC | 2012-09 | $44,853 |
| 9 | Western North Carolina Jazz Society | 146 Merrills Chase, Asheville, NC 28803-8701 | NC | 2003-12 | $41,411 |
| 10 | Music At St Albans | 418 Walnut St, Davidson, NC 28036-8061 | NC | 2014-07 | $36,738 |
| 11 | Wells Family Outreach Inc | 2678 Jack Rd, Clayton, NC 27520-8417 | NC | 2007-02 | $20,224 |
| 12 | Wake Forest Independent | 1834 Wake Forest Dr Music Dept, Winston-Salem, NC 27109-6000 | NC | 2012-06 | $13,893 |
| 13 | Boston Urban Music Project Inc, Bump The Triangle Bump | 504 W Chapel Hill St, Durham, NC 27701 | NC | 2006-11 | $9,199 |
| 14 | Charlotte Concert Band | 1900 Selwyn Avenue, Charlotte, NC 28274 | NC | 2011-05 | $7,248 |
| 15 | Woodys Original Mountain Music | 3354 Us 70 W, Marion, NC 28752-7440 | NC | 2013-07 | $6,418 |
| 16 | National Federation Of Music Clubs, Johnston County Music Association | Po Box 396, Middlesex, NC 27557 | NC | 2002-02 | $1,165 |
| 17 | Ad Astra Music Festival Inc | 606 Varsity Dr, Wilmington, NC 28403-8444 | NC | 2009-09 | $0 |
| 18 | Alliance For A Capella Initiatives | 6038 Kohler Ln, Raleigh, NC 27616-5484 | NC | 2007-06 | $0 |
| 19 | American Music Education Solutions | PO BOX 25099, Fayetteville, NC 28314-5001 | NC | 2010-08 | $0 |
| 20 | Amicimusic | 25 Brotherton Avenue, Asheville, NC 28806 | NC | 2012-01 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 4,730 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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