Somersworth Festival Association in Somersworth, New Hampshire (NH)
Table of contents:
| Somersworth Festival Association | |
| Employer Identification Number (EIN) | 020368054 |
| Name of Organization | Somersworth Festival Association |
| Address | PO BOX 255, Somersworth, NH 03878-0255 |
| Activities | Commemorative event (centennial, festival, pageant, etc.), Cultural performances |
| Subsection | Educational Organization |
| Ruling Date | 06/1984 |
| 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 | 09/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $40,593 |
| Amount of Income | $75,830 |
| Form 990 Revenue Amount | $69,492 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Fairs, County and Other |
Non-representatives - add comments:
Amount of income in 2014: $75,830 (it was $69,507 in 2013)
| Somersworth Festival Association: | $75,830 |
| Other organizations performing similar types of work: | $194,759 |
Assets in 2014: $40,593 (it was $31,062 in 2013)
| Somersworth Festival Association: | $40,593 |
| Other organizations performing similar types of work: | $199,284 |
Expenses in 2013: $66,776
| Somersworth Festival Association: | $66,776 |
| Other organizations performing similar types of work: | $179,780 |
Income to expenses ratio in 2013: 1.1
| Somersworth Festival Association: | 1.1 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 27.1%
| Somersworth Festival Association: | 27.1% |
| Other organizations performing similar types of work: | 13.4% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $75,959 | $72,428 | $64,898 |
| Contributions, gifts, grants, and similar amounts received | $23,092 | $22,126 | $17,617 |
| Program service revenue including government fees and contracts | $21,891 | $19,870 | $16,555 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $62 | $16 | $6 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $30,914 | $30,416 | $30,720 |
| Gross income from gaming | $30,984 | $0 | $0 |
| Gross income from fundraising events | $32,700 | $34,659 | $35,329 |
| Less: direct expenses from gaming and fundraising events | $32,770 | $4,243 | $4,609 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $82,394 | $67,090 | $66,776 |
| Total net assets | $17,644 | $22,980 | $21,102 |
| Excess/Deficit for the year | $-6,435 | $5,338 | $-1,878 |
| Net assets or fund balances at beginning of year | $24,130 | $17,644 | $22,980 |
| Other changes in net assets or fund balances | $-51 | $-2 | $0 |
| Net assets or fund balances at end of year | $22,980 | $21,102 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $37,998 | $38,494 | $31,062 |
| Total liabilities | $20,354 | $15,514 | $9,960 |
| Net assets or fund balances | $17,644 | $22,980 | $21,102 |
| 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 | $486,533 |
| Subtotal | $486,533 |
| Gifts, grants, contributions, and membership fees received | $129,103 |
| 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 | $101,083 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $256,347 |
| 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 | $487,102 |
| Public support | $486,533 |
| Subtotal | $569 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $569 |
| 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 | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Washington County Fair Association | 1305 Blue Bell Rd, Brenham, TX 77833-2436 | TX | 1941-01 | $2,356,414 |
| 2 | Salinas Valley Fair Inc | 625 Division St, King City, CA 93930-3430 | CA | 1956-03 | $1,984,890 |
| 3 | Vesper New Years Association | 1509 Locust Street, Philadelphia, PA 19102 | PA | 1955-03 | $1,317,469 |
| 4 | Transportation Resources Inc | 1120 Rarig Ave, Columbus, OH 43219-2312 | OH | 1980-10 | $1,222,442 |
| 5 | Westfest Inc | 3406 Franklin Ave, Waco, TX 76710-7324 | TX | 1978-01 | $1,158,944 |
| 6 | Twins Days Festival Committee Inc | 9825 Ravenna Rd, Twinsburg, OH 44087-1714 | OH | 1987-02 | $1,122,951 |
| 7 | Walker County Fair Association | PO BOX 1817, Huntsville, TX 77342-1817 | TX | 1979-10 | $1,097,386 |
| 8 | Tulare County Junior Livestock Show And Community Fair | 2700 W Teapot Dome Ave, Porterville, CA 93257-9442 | CA | 1981-11 | $748,555 |
| 9 | Southern New Mexico State Fair | PO BOX 1145, Las Cruces, NM 88004-1145 | NM | 1973-03 | $732,318 |
| 10 | Yakima Valley Junior Fair | PO BOX 27, Grandview, WA 98930-0027 | WA | 1976-05 | $560,317 |
| 11 | Titus County Fair Association Inc | PO BOX 1232, Mt Pleasant, TX 75456-1232 | TX | 1988-11 | $439,162 |
| 12 | San Marcos Sights & Sounds Of Christmas Inc | 630 E Hopkins St, San Marcos, TX 78666-6314 | TX | 1998-08 | $383,459 |
| 13 | United States Lifesaving Association | PO BOX 366, Huntingtn Bch, CA 92648-0366 | CA | 1982-11 | $381,265 |
| 14 | The Johnson County Agricultural Association | 4261 Oak Crest Hill Rd Se, Iowa City, IA 52246-5824 | IA | 1996-12 | $340,498 |
| 15 | Sunset Junction Neighborhood | 1649 N Coronado St, Los Angeles, CA 90026-1425 | CA | 1985-05 | $315,607 |
| 16 | Southwestern New Mexico State Fair Inc | PO BOX 590, Deming, NM 88031-0590 | NM | 1996-08 | $217,736 |
| 17 | Walnut Festival Association Of Walnut Creek Calif Inc | PO BOX 3408, Walnut Creek, CA 94598-0408 | CA | 1953-08 | $217,713 |
| 18 | Ogle County Fair Association | PO BOX 142, Oregon, IL 61061-0142 | IL | 1996-09 | $209,004 |
| 19 | Somersworth Festival Association | PO BOX 255, Somersworth, NH 03878-0255 | NH | 1984-06 | $75,830 |
| 20 | Salem Christmas Parade Inc | Po Box 2360, Salem, NH 03079 | NH | 1995-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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