Arts Council Endowment Fund Inc in Winston Salem, North Carolina (NC)
Table of contents:
| Arts Council Endowment Fund Inc | |
| Employer Identification Number (EIN) | 262596119 |
| Name of Organization | Arts Council Endowment Fund Inc |
| In Care of Name | Penney Booke |
| Address | 305 West 4th Street Suite 1-C, Winston Salem, NC 27101 |
| Subsection | Charitable Organization |
| Ruling Date | 07/2008 |
| 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 | 2010 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $1,417,494 |
| Amount of Income | $288,746 |
| Form 990 Revenue Amount | $73,831 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2010: $288,746 (it was $73,005 in 2012)
| This organization: | $288,746 |
| Other organizations performing similar types of work: | $82,884 |
Assets in 2010: $1,417,494 (it was $1,172,495 in 2012)
| Arts Council Endowment Fund Inc: | $1,417,494 |
| Other organizations performing similar types of work: | $56,205 |
Expenses in 2012: $5,491
| Arts Council Endowment Fund Inc: | $5,491 |
| Other organizations performing similar types of work: | $50,053 |
Income to expenses ratio in 2012: 52.6
| Arts Council Endowment Fund Inc: | 52.6 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2012: 94.6%
| Arts Council Endowment Fund Inc: | 94.6% |
| Other organizations performing similar types of work: | 71.1% |
Revenue for 2012
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2012) | |
| Total revenue | $73,005 |
| Contributions, Gifts, Grants and Other Similar Amounts | $69,043 |
| Program Service Revenue | $0 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $5,566 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net loss from sales of assets other than inventory | $-1,604 |
| Gross amount from sales of assets other than inventory (Securities / Other) | $22,109 / $0 |
| Less: cost or other basis and sales expenses (Securities / Other) | $23,713 / $0 |
| Gain or (loss) (Securities / Other) | $-1,604 / $0 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $5,491 |
| Compensation of current officers, directors, trustees, and key employees | $0 |
| Other salaries and wages | $0 |
| Payroll taxes | $0 |
| Professional fundraising services | $0 |
| Other | $5,491 |
| Balance Sheet (for 2012) | |
| Total assets | $1,172,495 |
| Total liabilities | $406,233 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $406,233 |
| Total net assets or fund balances | $766,262 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2012) | |
| 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) |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total Support | $759,462 |
| Gifts, grants, contributions, and membership fees received | $747,906 |
| 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 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $11,556 |
| 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 | The Greater Charlotte Cultural Trust | 220 N Tryon St, Charlotte, NC 28202-2137 | NC | 2003-05 | $14,368,779 |
| 2 | Paramount Theatre Foundation | PO BOX 2063, Goldsboro, NC 27533-2063 | NC | 2007-03 | $32,320 |
| 3 | Frank M Hardy Trust Uw, F & M Bank Winchester Trustee | PO BOX 2907, Wilson, NC 27894-2907 | NC | 2003-07 | $816,737 |
| 4 | Foundation For The Mint Museum | 220 N Tryon St, Charlotte, NC 28202-2137 | NC | 2006-06 | $669,514 |
| 5 | Flying Fish Project Inc | 5511 Capital Center Dr Ste 105, Raleigh, NC 27606-3365 | NC | 2002-03 | $582,672 |
| 6 | Arts Council Endowment Fund Inc | 305 West 4th Street Suite 1-C, Winston Salem, NC 27101 | NC | 2008-07 | $288,746 |
| 7 | Summit Rotary Foundation Inc | PO BOX 4583, Greensboro, NC 27404-4583 | NC | 2006-05 | $157,536 |
| 8 | Friends Of Hyde Countys Historic 1854 Court House | PO BOX 54, Swan Quarter, NC 27885 | NC | 2010-11 | $21,106 |
| 9 | Angel Band Foundation Inc | 264 Becks Church Road, Lexington, NC 27292 | NC | 2007-04 | $0 |
| 10 | Applause For The Cause | 1447 Little Rock Rd, Charlotte, NC 28214-2314 | NC | 2015-03 | $0 |
| 11 | B I G Ride | 1501 Waxhaw Indian Trail Rd, Waxhaw, NC 28173 | NC | 2001-03 | $0 |
| 12 | Cary High School Performing Arts Booster Club | 638 Walnut Street, Cary, NC 27511 | NC | 2013-05 | $0 |
| 13 | Ella May Wiggins Memorial Committee | 103 North Ransom Street, Gastonia, NC 28052 | NC | 2014-08 | $0 |
| 14 | Hatteras Island Arts & Crafts Guild | PO BOX 1062, Buxton, NC 27920-1062 | NC | 2015-04 | $0 |
| 15 | Northwest School Of The Arts Plano Booster Club | 1415 Beatties Ford Road, Charlotte, NC 28216 | NC | 2006-06 | $0 |
| 16 | Paul J Tsang Foundation | 104 Garden Gate Dr, Chapel Hill, NC 27516-5989 | NC | 2000-04 | $0 |
| 17 | Smoking In The Foothills | 309 Sheldon Street, Hudson, NC 28638 | NC | 2015-03 | $0 |
| 18 | Southern Middle School Cheer, Sms Cheer | 2407 Pepperstone Dr, Graham, NC 27253-8469 | NC | 2014-09 | $0 |
| 19 | Together4tanner Foundation Inc | PO BOX 15341, New Bern, NC 28562 | NC | 2014-09 | $0 |
| 20 | Upbeat Wnc Inc | 183 King St, Brevard, NC 28712-3376 | NC | 2015-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 858 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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