Clayton Cultural Arts Foundation Inc in Clayton, North Carolina (NC)
Table of contents:
| Clayton Cultural Arts Foundation Inc | |
| Employer Identification Number (EIN) | 562175042 |
| Name of Organization | Clayton Cultural Arts Foundation Inc |
| In Care of Name | Allen Tew |
| Address | PO BOX 879, Clayton, NC 27528-0879 |
| Subsection | Charitable Organization |
| Ruling Date | 03/2000 |
| 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 | $132,793 |
| Amount of Income | $127,398 |
| Form 990 Revenue Amount | $127,398 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts, Cultural Organizations - Multipurpose |
Non-representatives - add comments:
Amount of income in 2014: $127,398 (it was $162,465 in 2013)
| This organization: | $127,398 |
| Other organizations performing similar types of work: | $195,015 |
Assets in 2014: $132,793 (it was $173,011 in 2013)
| This organization: | $132,793 |
| Other organizations performing similar types of work: | $137,152 |
Expenses in 2013: $151,424
| Clayton Cultural Arts Foundation Inc: | $151,424 |
| Other organizations performing similar types of work: | $181,390 |
Income to expenses ratio in 2013: 0.8
| Clayton Cultural Arts Foundation Inc: | 0.8 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 56.3%
| Clayton Cultural Arts Foundation Inc: | 56.3% |
| Other organizations performing similar types of work: | 49.7% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $86,225 | $37,154 | $162,465 |
| Contributions, gifts, grants, and similar amounts received | $36,632 | $17,600 | $91,471 |
| Program service revenue including government fees and contracts | $49,593 | $19,554 | $70,994 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $84,612 | $26,070 | $151,424 |
| Total net assets | $150,886 | $161,970 | $173,011 |
| Excess/Deficit for the year | $1,613 | $11,084 | $11,041 |
| Net assets or fund balances at beginning of year | $149,273 | $150,886 | $161,970 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $161,970 | $173,011 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $150,886 | $161,970 | $173,011 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $150,886 | $161,970 | $173,011 |
| 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 | $203,799 |
| Subtotal Support | $281,551 |
| Gifts, grants, contributions, and membership fees received | $281,551 |
| 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 | $77,752 |
| Total Support | $281,551 |
| Public Support | $281,551 |
| 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 | $0 |
| Gross receipts from related activities, etc. | $70,994 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | John C Campbell Folk School | 1 Folk School Rd, Brasstown, NC 28902-8008 | NC | 1943-08 | $7,580,180 |
| 2 | Arts Center | 300 E Main St Ste G, Carrboro, NC 27510-2359 | NC | 1976-11 | $1,566,924 |
| 3 | Tryon Fine Arts Center Inc | 34 Melrose Ave, Tryon, NC 28782-3392 | NC | 1967-09 | $1,065,404 |
| 4 | Secca Foundation | 750 Marguerite Dr, Winston Salem, NC 27106-5826 | NC | 1962-08 | $811,097 |
| 5 | Artsplosure-Raleigh Arts Festival | 313 S Blount St Ste 200b, Raleigh, NC 27601-1861 | NC | 1980-10 | $663,001 |
| 6 | International Focus Inc | 3700 National Dr, Raleigh, NC 27612-4842 | NC | 1988-11 | $459,053 |
| 7 | Pinecone The Piedmont Council Of Traditional Music | PO BOX 28534, Raleigh, NC 27611-8534 | NC | 1985-03 | $443,218 |
| 8 | North Carolina International Folk Festival Inc | PO BOX 658, Waynesville, NC 28786-0658 | NC | 1983-09 | $424,869 |
| 9 | Festival In The Park Inc | 1409 East Blvd, Charlotte, NC 28203-5817 | NC | 1968-03 | $354,446 |
| 10 | Handmade In America Foundation | Po Box 2089, Asheville, NC 28802 | NC | 1996-01 | $317,581 |
| 11 | Theatre Art Galleries | 220 E Commerce Ave, High Point, NC 27260-5204 | NC | 1993-05 | $291,237 |
| 12 | Stecoah Valley Arts Crafts & Educational Center Inc | 121 School House Dr, Robbinsville, NC 28771-8883 | NC | 1997-06 | $274,332 |
| 13 | Mcdowell Arts And Crafts Association | PO BOX 1387, Marion, NC 28752-1387 | NC | 1981-06 | $267,594 |
| 14 | Black Mountain-Swannanoa Art Center | 225 W State St, Black Mtn, NC 28711-3408 | NC | 1995-05 | $200,722 |
| 15 | Swansboro Festivals Committee Inc | PO BOX 1214, Swansboro, NC 28584-1214 | NC | 1996-11 | $65,865 |
| 16 | The Civic And Cultural Arts Center Of Pineville | Po Box 606, Pineville, NC 28134 | NC | 2009-04 | $53,931 |
| 17 | Leap Stompers Inc | 3119 Freedom Dr, Charlotte, NC 28208-3869 | NC | 2001-11 | $0 |
| 18 | North American Folk Music And Dance Alliance Inc, Folk Horizons Inc | Po Box 222, Hendersonville, NC 28793 | NC | 1996-09 | $0 |
| 19 | North American Folk Music And Dance Alliance Inc, Serfa Southeast Regional Folk Alliance | Po Box 8254, Asheville, NC 28814 | NC | 1996-09 | $0 |
| 20 | Winston-Salem Arts & Entertainment Partnership Inc | PO BOX 20933, Winston Salem, NC 27120-0933 | NC | 2001-11 | $0 |
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