Wrightsville Beach Museum Inc in Writsvlle Bch, North Carolina (NC)
Table of contents:
Wrightsville Beach Museum Inc | |
Employer Identification Number (EIN) | 562082869 |
Name of Organization | Wrightsville Beach Museum Inc |
Address | 303 W Salisbury St, Writsvlle Bch, NC 28480-1819 |
Activities | Described in section 170(b)1)(a)(vi) of the Code, Museum, zoo, planetarium, etc. |
Subsection | Educational Organization |
Ruling Date | 08/1998 |
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 | 12/2013 |
Assets | $100,000 to $499,999 |
Income | $25,000 to $99,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $182,955 |
Amount of Income | $76,671 |
Form 990 Revenue Amount | $62,361 |
National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Museum, Museum Activities |
Non-representatives - add comments:
Amount of income in 2013: $76,671 (it was $80,819 in 2012)
This organization: | $76,671 |
Other organizations performing similar types of work: | $69,335 |
Assets in 2013: $182,955 (it was $192,610 in 2012)
This organization: | $182,955 |
Other organizations performing similar types of work: | $145,105 |
Expenses in 2013: $73,570
Wrightsville Beach Museum Inc: | $73,570 |
Other organizations performing similar types of work: | $47,186 |
Income to expenses ratio in 2013: 1.0
This organization: | 1.0 |
Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 13.7%
Wrightsville Beach Museum Inc: | 13.7% |
Other organizations performing similar types of work: | 26.3% |
Revenue for 2013
Support schedule
Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total revenue | $74,138 | $60,625 | $62,361 |
Contributions, gifts, grants, and similar amounts received | $54,319 | $7,436 | $8,547 |
Program service revenue including government fees and contracts | $0 | $0 | $0 |
Membership dues and assessments | $11,805 | $7,550 | $4,440 |
Investment income | $424 | $521 | $2,365 |
Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
Net income/loss from gaming and fundraising events | $0 | $37,355 | $38,831 |
Gross income from gaming | $0 | $0 | $0 |
Gross income from fundraising events | $0 | $49,496 | $44,473 |
Less: direct expenses from gaming and fundraising events | $0 | $12,141 | $5,642 |
Gross profit/loss from sales of inventory | $7,590 | $7,763 | $8,178 |
Gross sales of inventory, less returns and allowances | $16,872 | $15,816 | $16,846 |
Less: cost of goods sold | $9,282 | $8,053 | $8,668 |
Other revenue | $0 | $0 | $0 |
Total expenses | $75,933 | $53,648 | $73,570 |
Total net assets | $185,014 | $191,990 | $180,782 |
Excess/Deficit for the year | $-1,795 | $6,977 | $-11,209 |
Net assets or fund balances at beginning of year | $186,809 | $185,013 | $191,991 |
Other changes in net assets or fund balances | $0 | $0 | $0 |
Net assets or fund balances at end of year | $191,990 | $180,782 |
Balance Sheets | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total assets | $185,760 | $192,610 | $182,955 |
Total liabilities | $746 | $620 | $2,173 |
Net assets or fund balances | $185,014 | $191,990 | $180,782 |
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: (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 | $346,254 |
Subtotal | $346,254 |
Gifts, grants, contributions, and membership fees received | $202,089 |
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 | $144,165 |
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 | $388,843 |
Public support | $346,254 |
Subtotal | $4,758 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $4,758 |
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 | $37,831 |
Other income | $0 |
Unrelated Trade or Business Income (for 2008) | |||
Income | Expenses | Net | |
---|---|---|---|
Total | $15,970 | $0 | $15,970 |
Gross receipts or sales less returns and allowances | $23,205 | $0 | $0 |
Cost of goods sold | $7,235 | $0 | $0 |
Gross profit | $15,970 | $0 | $15,970 |
Capital gain net income | $0 | $0 | $0 |
Net gain | $0 | $0 | $0 |
Capital loss deduction for trusts | $0 | $0 | $0 |
Income (loss) from partnerships and S corporations | $0 | $0 | $0 |
Rent income | $0 | $0 | $0 |
Unrelated debt-financed income | $0 | $0 | $0 |
Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
Exploited exempt activity income | $0 | $0 | $0 |
Advertising income | $0 | $0 | $0 |
Other income | $0 | $0 | $0 |
Deductions Not Taken Elsewhere (for 2008) | |
Total deductions | $22,924 |
Compensation of officers, directors, and trustees | $0 |
Salaries and wages | $13,459 |
Repairs and maintenance | $283 |
Bad debts | $0 |
Interest | $0 |
Taxes and licenses | $1,460 |
Charitable contributions | $0 |
Depreciation | $0 |
Depletion | $0 |
Contributions to deferred compensation plans | $0 |
Employee benefit programs | $0 |
Excess exempt expenses | $0 |
Excess readership costs | $0 |
Other deductions | $7,722 |
Unrelated business taxable income | $-6,954 |
Unrelated business taxable income before net operating loss deduction | $-6,954 |
Net operating loss deduction | $0 |
Unrelated business taxable income before specific deduction | $-6,954 |
Specific deduction | $1,000 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Trust For African Rock Arts | 77 W Wacker Dr, Chicago, IL 60601-1604 | IL | 2001-09 | $595,502 |
2 | Museum Of Durham History Inc | Po Box 362, Durham, NC 27702 | NC | 2009-06 | $164,900 |
3 | Welcome Home Veterans Inc | 165 N Main St, Mooresville, NC 28115-2525 | NC | 2014-06 | $128,474 |
4 | Caldwell Heritage Museum Inc | 112 Vaiden St Sw, Lenoir, NC 28645 | NC | 2006-07 | $59,841 |
5 | Armed Forces Museum & Archives Of The Carolinas Ltd | PO BOX 1191, Matthews, NC 28106-1191 | NC | 2010-02 | $13,708 |
6 | Pender County Historical Society Inc | PO BOX 1380, Burgaw, NC 28425 | NC | 2014-05 | $13,624 |
7 | Naismith Legacy Giving Inc | 2700 Connemara Dr, Matthews, NC 28105-4037 | NC | 2012-09 | $7,531 |
8 | Learning Lodge At Grandfather Mountain Inc | Po Box 370, Linville, NC 28646 | NC | 2011-05 | $5,800 |
9 | Surface Interval | 121 Liston Road - Otway, Beaufort, NC 28516 | NC | 1996-10 | $734 |
10 | Paramount Classic Car Museum Inc | 1234 S Center St, Hickory, NC 28602-5042 | NC | 2014-01 | $1 |
11 | African American Education And Research Organization | Po Box 52031, Durham, NC 27717 | NC | 2001-05 | $0 |
12 | African American Museum Of Church History | 422 Cannings Ln, Charlotte, NC 28262 | NC | 2014-08 | $0 |
13 | American Museum Of Slavery Inc | 401 W Jones Ave, Selma, NC 27576-2939 | NC | 2003-04 | $0 |
14 | American Music Museum Inc | 128 Circle Drive, Thomasville, NC 27360 | NC | 2006-08 | $0 |
15 | Bennett Classic Antique Auto, John W Bennett Mbr | 241 Vance St, Forest City, NC 28043 | NC | 2008-04 | $0 |
16 | Carolina Antique Power Association Inc | 2085 Lake Road, Salisbury, NC 28146 | NC | 2014-09 | $0 |
17 | Carolina Cay Maritime Foundation Inc | 723 Comet Drive, Beaufort, NC 28516 | NC | 2008-06 | $0 |
18 | Charlotte Metaverse | 525 N Tryon St Ste 1600, Charlotte, NC 28202-0200 | NC | 2008-04 | $0 |
19 | Columbus County Tourism Foundation Inc | 601 South Madison Street, Whiteville, NC 28472 | NC | 2009-06 | $0 |
20 | Davidson County Sports Hall Of Fame Inc | 101 E First Ave, Lexington, NC 27292 | NC | 2003-03 | $0 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 2,844 |
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