Chowan Arts Council in Edenton, North Carolina (NC)
Table of contents:
| Chowan Arts Council | |
| Employer Identification Number (EIN) | 561246045 |
| Name of Organization | Chowan Arts Council |
| Address | 504 S Broad St, Edenton, NC 27932-1952 |
| Activities | Cultural performances, Art exhibit, Discussion groups, forums, panels lectures, etc. |
| Subsection | Educational Organization |
| Ruling Date | 12/1980 |
| 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 | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $22,693 |
| Amount of Income | $84,247 |
| Form 990 Revenue Amount | $54,496 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts Council/Agency |
Non-representatives - add comments:
Amount of income in 2014: $84,247 (it was $63,499 in 2013)
| Chowan Arts Council: | $84,247 |
| Other organizations performing similar types of work: | $173,848 |
Assets in 2014: $22,693 (it was $16,159 in 2013)
| Chowan Arts Council: | $22,693 |
| Other organizations performing similar types of work: | $158,112 |
Expenses in 2014: $45,804
| Chowan Arts Council: | $45,804 |
| Other organizations performing similar types of work: | $150,133 |
Income to expenses ratio in 2014: 1.8
| This organization: | 1.8 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2014: 34.2%
| Chowan Arts Council: | 34.2% |
| Other organizations performing similar types of work: | 54.6% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $41,929 | $47,250 | $63,499 | $54,496 |
| Contributions, gifts, grants, and similar amounts received | $7,497 | $20,007 | $20,453 | $18,654 |
| Program service revenue including government fees and contracts | $5,187 | $13,323 | $7,963 | $13,904 |
| Membership dues and assessments | $18,796 | $10,238 | $11,520 | $11,152 |
| Investment income | $62 | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $6,827 | $0 |
| Gross profit/loss from sales of inventory | $10,387 | $3,682 | $16,736 | $10,786 |
| Gross sales of inventory, less returns and allowances | $24,645 | $21,834 | $42,647 | $40,537 |
| Less: cost of goods sold | $14,258 | $18,152 | $25,911 | $29,751 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $51,063 | $39,572 | $45,172 | $45,804 |
| Total net assets | $-24,078 | $-16,400 | $1,927 | $10,619 |
| Excess/Deficit for the year | $-9,134 | $7,678 | $18,327 | $8,692 |
| Net assets or fund balances at beginning of year | $-14,944 | $-24,078 | $-16,400 | $1,927 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $-16,400 | $1,927 | $10,619 | |
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $2,628 | $4,030 | $16,159 | $22,693 |
| Total liabilities | $26,706 | $20,430 | $14,232 | $12,074 |
| Net assets or fund balances | $-24,078 | $-16,400 | $1,927 | $10,619 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | 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? | Yes | Yes | Yes | |
| Total amount involved | $13,067 | $9,200 | $5,600 | |
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $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 | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | |
| Reason for Public Charity Status (for 2014) | |
| 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 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $120,100 |
| Subtotal Support | $120,100 |
| Gifts, grants, contributions, and membership fees received | $120,100 |
| 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 | $290,655 |
| Public Support | $120,100 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $216 |
| 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 | $170,339 |
| Gross receipts from related activities, etc. | $11,152 |
| Write your review! |
|
|
| Recently Added Reviews |
Centers For Spiritual Living, Csl Asheville in Asheville, NC
 |
| Kyle Busch Foundation in Mooresville, NC |
|
Marine Corps League, Marine Corps League Cherokee Detachment 1011 in Murphy, NC
|
| Colonial Capital Humane Society in New Bern, NC |
|
Living Church Of God International Inc in Charlotte, NC
|
Greensboro Cheetahs in Greensboro, NC
 |
|
Life Changing International Church Inc in High Point, NC
|
| Mission Servants Ministries in Charlotte, NC |
|
Bikers For Christ Sandhills Chapter in Dunn, NC
|
|
Harrisburg Cruisers in Harrisburg, NC
|
| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Vashon Allied Arts Inc | PO BOX 576, Vashon, WA 98070-0576 | WA | 1976-02 | $2,127,001 |
| 2 | The Carnegie Visual & Performing Arts Center Inc | 1028 Scott St, Covington, KY 41011-3132 | KY | 1977-01 | $1,304,558 |
| 3 | White Columns Inc | 320 W 13th St, New York, NY 10014-1200 | NY | 1973-03 | $1,115,650 |
| 4 | Tippecanoe Arts Federation Inc | 638 North St, Lafayette, IN 47901-1153 | IN | 1978-12 | $954,219 |
| 5 | South Carolina Humanites Council | PO BOX 5287, Columbia, SC 29250-5287 | SC | 1985-11 | $868,546 |
| 6 | The Arrowhead Regional Arts Council | 1301 Rice Lake Road, Duluth, MN 55811-2707 | MN | 1979-10 | $834,945 |
| 7 | Southwest Minnesota Arts Council | PO BOX 55, Marshall, MN 56258-0055 | MN | 1975-01 | $785,211 |
| 8 | Asheville Area Arts Council | 346 Depot St, Asheville, NC 28801-4311 | NC | 1979-10 | $783,427 |
| 9 | United Arts Council Of Catawba County | 243 Third Avenue Ne Box 5, Hickory, NC 28601-5168 | NC | 1964-11 | $686,078 |
| 10 | Rapid City Fine Arts Council Inc | 713 7th St, Rapid City, SD 57701-3613 | SD | 1971-09 | $625,907 |
| 11 | High Point Arts Council Inc | 121 S Centennial St, High Point, NC 27260-5213 | NC | 1971-07 | $610,411 |
| 12 | Arts Of The Albemarle Aoa | 516 E Main St, Elizabeth Cty, NC 27909-4430 | NC | 1980-11 | $579,676 |
| 13 | Arts Council Of Wilson Inc | 124 Nash St Sw, Wilson, NC 27893-3956 | NC | 1968-02 | $539,538 |
| 14 | Beaufort County Arts Council | PO BOX 634, Washington, NC 27889-0634 | NC | 1972-02 | $500,562 |
| 15 | Craven Arts Council And Gallery Inc | PO BOX 596, New Bern, NC 28563-0596 | NC | 1980-11 | $286,041 |
| 16 | Haywood County Arts Council Inc | PO BOX 306, Waynesville, NC 28786-0306 | NC | 1984-06 | $126,423 |
| 17 | Burke Arts Council Inc | 115 E Meeting St, Morganton, NC 28655-3548 | NC | 1976-10 | $119,768 |
| 18 | Council For The Arts-Jacksonville Onslow | PO BOX 34, Jacksonville, NC 28541-0034 | NC | 1977-09 | $113,949 |
| 19 | Johnston County Arts Council | 312 S 3rd St, Smithfield, NC 27577-4544 | NC | 1982-12 | $110,587 |
| 20 | Winston-Salem Delta Fine Arts Incorporated | 2611 New Walkertown Rd, Winston Salem, NC 27101-1948 | NC | 1973-04 | $87,827 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 337 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization representatives - add corrected or new information about Chowan Arts Council »
Non-representatives - add comments about Chowan Arts Council»