Gallery 50 Inc in Bridgeton, New Jersey (NJ)
Table of contents:
| Gallery 50 Inc | |
| Employer Identification Number (EIN) | 223791256 |
| Name of Organization | Gallery 50 Inc |
| In Care of Name | Sharon Keifer |
| Address | 50 E Commerce St, Bridgeton, NJ 08302-2649 |
| Subsection | Charitable Organization |
| Ruling Date | 03/2002 |
| 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 | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $14,744 |
| Amount of Income | $43,383 |
| Form 990 Revenue Amount | $28,723 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Visual Arts Organizations |
Non-representatives - add comments:
Amount of income in 2013: $43,383 (it was $41,845 in 2012)
| Gallery 50 Inc: | $43,383 |
| Other organizations performing similar types of work: | $186,328 |
Assets in 2013: $14,744 (it was $13,672 in 2012)
| Gallery 50 Inc: | $14,744 |
| Other organizations performing similar types of work: | $218,487 |
Expenses in 2013: $27,731
| This organization: | $27,731 |
| Other organizations performing similar types of work: | $179,800 |
Income to expenses ratio in 2013: 1.6
| Gallery 50 Inc: | 1.6 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 35.4%
| Gallery 50 Inc: | 35.4% |
| Other organizations performing similar types of work: | 12.6% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $26,724 | $25,746 | $28,723 |
| Contributions, gifts, grants, and similar amounts received | $8,785 | $10,143 | $10,170 |
| Program service revenue including government fees and contracts | $2,036 | $1,320 | $1,560 |
| Membership dues and assessments | $9,656 | $8,594 | $9,470 |
| Investment income | $9 | $8 | $10 |
| 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 | $6,241 | $5,681 | $7,513 |
| Gross sales of inventory, less returns and allowances | $23,354 | $21,780 | $22,173 |
| Less: cost of goods sold | $17,113 | $16,099 | $14,660 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $25,451 | $26,537 | $27,731 |
| Total net assets | $14,091 | $13,300 | $14,292 |
| Excess/Deficit for the year | $1,273 | $-791 | $992 |
| Net assets or fund balances at beginning of year | $12,818 | $14,091 | $13,300 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $13,300 | $14,292 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $14,470 | $13,672 | $14,744 |
| Total liabilities | $379 | $372 | $452 |
| Net assets or fund balances | $14,091 | $13,300 | $14,292 |
| 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 | $228,642 |
| Subtotal | $228,642 |
| Gifts, grants, contributions, and membership fees received | $103,722 |
| 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 | $124,920 |
| 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 | $228,686 |
| Public support | $228,642 |
| Subtotal | $44 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $44 |
| 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 | Southern Highland Handicraft Guild Inc | PO BOX 9545, Asheville, NC 28815-0545 | NC | 1967-10 | $3,893,868 |
| 2 | Sculpture Center Inc | 4419 Purves St, Long Is City, NY 11101-2907 | NY | 1944-09 | $3,445,176 |
| 3 | Williamstown Art Conservation Center Inc | 227 South St, Williamstown, MA 01267-2878 | MA | 1978-04 | $2,190,396 |
| 4 | Urbanglass New York Contemporary Glass Center Inc | 647 Fulton Street, Brooklyn, NY 11217-1152 | NY | 1983-03 | $1,839,890 |
| 5 | The Armory Art Center Inc | 1700 Parker Ave, West Palm Bch, FL 33401-7042 | FL | 1987-11 | $1,654,607 |
| 6 | Salt Lake Art Center | 20 S West Temple, Salt Lake Cty, UT 84101-1406 | UT | 1939-02 | $1,547,200 |
| 7 | Screen Printing Technical Foundation, Specialty Graphic Imaging Fdn | 10015 Main St, Fairfax, VA 22031-3403 | VA | 1986-04 | $1,341,945 |
| 8 | Salvadori Center Ltd | 475 Riverside Dr Ste 1370, New York, NY 10115-0031 | NY | 1988-10 | $1,323,956 |
| 9 | Worcester Center For Crafts Inc | 25 Sagamore Rd, Worcester, MA 01605-3914 | MA | 1926-08 | $1,166,360 |
| 10 | The Sawtooth School For Visual Art | 251 N Spruce St, Winston Salem, NC 27101-2735 | NC | 1970-10 | $1,158,237 |
| 11 | The Printmaking Center Of New Jersey | 440 River Rd, Branchburg, NJ 08876-3565 | NJ | 1975-07 | $577,865 |
| 12 | Cha Foundation Inc | 319 E 54th St, Elmwood Park, NJ 07407-2712 | NJ | 1996-10 | $219,932 |
| 13 | Artworks Trenton Inc | 19 Everett Aly, Trenton, NJ 08611-1737 | NJ | 1966-09 | $214,948 |
| 14 | Historians Of Netherlandish Art Inc | 23 S Adelaide Ave, Highland Park, NJ 08904-1601 | NJ | 1989-04 | $87,376 |
| 15 | Pine Shores Art Association Inc | PO BOX 886, Manahawkin, NJ 08050-0886 | NJ | 1990-06 | $67,500 |
| 16 | Center For The Arts In Southern Nj | 123 S Elmwood Rd, Marlton, NJ 08053-2564 | NJ | 1983-02 | $50,949 |
| 17 | Gallery 50 Inc | 50 E Commerce St, Bridgeton, NJ 08302-2649 | NJ | 2002-03 | $43,383 |
| 18 | Art Alliance Of Monmouth County New Jersey Inc | 33 Monmouth St, Red Bank, NJ 07701-1613 | NJ | 1982-07 | $36,122 |
| 19 | Atlantic City Art Center, Na Na | Po Box 1061, Atlantic City, NJ 08401 | NJ | 1985-12 | $0 |
| 20 | Jack Kirby Museum And Research Center Inc | 828 Bloomfield St 3, Hoboken, NJ 07030 | NJ | 2007-11 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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