The Artery in Omaha, Nebraska (NE)
Table of contents:
| The Artery | |
| Employer Identification Number (EIN) | 201635759 |
| Name of Organization | The Artery |
| In Care of Name | Roxanne Nielsen |
| Address | 2740 North 60th Avenue, Omaha, NE 68104-4066 |
| Subsection | Educational Organization |
| Ruling Date | 12/2005 |
| 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 | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $46,015 |
| Amount of Income | $137,545 |
| Form 990 Revenue Amount | $137,545 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts, Cultural Organizations - Multipurpose |
Non-representatives - add comments:
Amount of income in 2014: $137,545 (it was $154,360 in 2013)
| This organization: | $137,545 |
| Other organizations performing similar types of work: | $59,050 |
Assets in 2014: $46,015 (it was $94,394 in 2013)
| This organization: | $46,015 |
| Other organizations performing similar types of work: | $25,518 |
Expenses in 2014: $185,751
| This organization: | $185,751 |
| Other organizations performing similar types of work: | $51,518 |
Income to expenses ratio in 2014: 0.7
| The Artery: | 0.7 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2014: 50.9%
| The Artery: | 50.9% |
| Other organizations performing similar types of work: | 1.3% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $118,973 | $125,634 | $154,360 | $137,545 |
| Contributions, gifts, grants, and similar amounts received | $96,922 | $54,188 | $92,223 | $69,944 |
| Program service revenue including government fees and contracts | $20,550 | $70,732 | $61,850 | $67,461 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $1,241 | $714 | $287 | $140 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $260 | $0 | $0 | $0 |
| Total expenses | $138,366 | $165,152 | $183,999 | $185,751 |
| Total net assets | $162,738 | $123,220 | $93,581 | $45,375 |
| Excess/Deficit for the year | $-19,393 | $-39,518 | $-29,639 | $-48,206 |
| Net assets or fund balances at beginning of year | $182,131 | $162,738 | $123,220 | $93,581 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $123,220 | $93,581 | $45,375 | |
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $166,069 | $123,285 | $94,394 | $46,015 |
| Total liabilities | $3,331 | $0 | $813 | $640 |
| Net assets or fund balances | $162,738 | $123,220 | $93,581 | $45,375 |
| 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? | No | No | No | |
| Total amount involved | $0 | $0 | $0 | |
| 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 | $378,298 |
| Subtotal Support | $405,519 |
| Gifts, grants, contributions, and membership fees received | $405,519 |
| 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 | $27,221 |
| Total Support | $409,663 |
| Public Support | $405,519 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $4,144 |
| 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. | $199,443 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Womans Art Club Of Cincinnati Foundation | 6980 Cambridge Ave, Cincinnati, OH 45227-3362 | OH | 2007-03 | $122,085 |
| 2 | Saline County Agricultural Society Inc | 773 County Road K, Friend, NE 68359-2429 | NE | 1999-07 | $261,968 |
| 3 | The Artery | 2740 North 60th Avenue, Omaha, NE 68104-4066 | NE | 2005-12 | $137,545 |
| 4 | American Impressionist Society Inc | PO BOX 27818, Omaha, NE 68127-0818 | NE | 2013-06 | $90,177 |
| 5 | Hear Nebraska | 2932 N 57th Street, Omaha, NE 68104 | NE | 2010-12 | $87,590 |
| 6 | Gallery 1510 Of Regional Artists Inc | 1510 Leavenworth St, Omaha, NE 68102-3113 | NE | 2013-03 | $35,050 |
| 7 | Hildegard Center For The Arts | Po Box 5304, Lincoln, NE 68505 | NE | 2009-10 | $11,347 |
| 8 | Q125 Incorporation | 222 Main, Pender, NE 68047 | NE | 2011-03 | $5,108 |
| 9 | American Sewing Guild Inc, American Sewing Guild Inc Omaha Chapter | 5400 Hillcrest Drive, Blair, NE 68008 | NE | 1986-03 | $0 |
| 10 | Arts Aim Inc | 2679 Farnam St Ste 203, Omaha, NE 68131-3653 | NE | 2000-05 | $0 |
| 11 | Beta Chapter Of Pi Kappa Lambda University Of Nebraska Lincoln | 121 Westbrook Music Bldg, Lincoln, NE 68588-0100 | NE | 1944-06 | $0 |
| 12 | Braided River Quilers, Braided River Quilters Braided River Quilt Guild | 111 Lafayette Lane, Bellevue, NE 68005-2012 | NE | 2012-01 | $0 |
| 13 | Call To Action Nebraska | Po Box 6773, Lincoln, NE 68506 | NE | 1996-12 | $0 |
| 14 | Conduit | 912 S 88th St, Omaha, NE 68114-5102 | NE | 2014-11 | $0 |
| 15 | Friends Of The Robert Hillestad Textiles Gallery | 1420 No 37 St, Lincoln, NE 68503 | NE | 2006-08 | $0 |
| 16 | Ghb Studio 64 | 7306 N 154th St, Bennington, NE 68007-1444 | NE | 2014-03 | $0 |
| 17 | Gujarati Samaj Of Heartland | 5130 Foxglove Cir, Lincoln, NE 68521 | NE | 2014-07 | $0 |
| 18 | Heritage Needlework Guild Foundation | 102 S 16th Street, Nebraska City, NE 68410 | NE | 2001-02 | $0 |
| 19 | Imaginarium Inc | 1634 N H St, Fremont, NE 68025-3320 | NE | 2014-09 | $0 |
| 20 | Limelight Community Stage | 645 G Street, Palmyra, NE 68418 | NE | 2010-05 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 6,763 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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