Gallery Aferro Inc in Newark, New Jersey (NJ)
Table of contents:
Gallery Aferro Inc | |
Employer Identification Number (EIN) | 263863419 |
Name of Organization | Gallery Aferro Inc |
Address | 73 Market St, Newark, NJ 07102-1702 |
Subsection | Charitable Organization |
Ruling Date | 08/2010 |
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 | $1 to $9,999 |
Income | $100,000 to $499,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $6,474 |
Amount of Income | $140,137 |
Form 990 Revenue Amount | $132,527 |
National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Humanities Organizations |
Non-representatives - add comments:
Amount of income in 2013: $140,137 (it was $68,128 in 2012)
This organization: | $140,137 |
Other organizations performing similar types of work: | $58,064 |
Assets in 2013: $6,474 (it was $13,941 in 2012)
This organization: | $6,474 |
Other organizations performing similar types of work: | $31,483 |
Expenses in 2013: $154,763
This organization: | $154,763 |
Other organizations performing similar types of work: | $49,504 |
Income to expenses ratio in 2013: 0.9
This organization: | 0.9 |
Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 67.8%
Gallery Aferro Inc: | 67.8% |
Other organizations performing similar types of work: | 63.6% |
Revenue for 2013
Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total revenue | $56,015 | $66,464 | $132,527 |
Contributions, gifts, grants, and similar amounts received | $25,857 | $37,345 | $89,911 |
Program service revenue including government fees and contracts | $22,909 | $20,350 | $35,155 |
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 | $7,249 | $8,769 | $7,461 |
Gross income from gaming | $0 | $0 | $0 |
Gross income from fundraising events | $9,220 | $10,433 | $15,071 |
Less: direct expenses from gaming and fundraising events | $1,971 | $1,664 | $7,610 |
Gross profit/loss from sales of inventory | $0 | $0 | $0 |
Other revenue | $0 | $0 | $0 |
Total expenses | $53,893 | $58,069 | $154,763 |
Total net assets | $5,546 | $13,941 | $6,474 |
Excess/Deficit for the year | $2,122 | $8,395 | $-22,236 |
Net assets or fund balances at beginning of year | $3,424 | $5,546 | $28,710 |
Other changes in net assets or fund balances | $0 | $0 | $0 |
Net assets or fund balances at end of year | $13,941 | $6,474 |
Balance Sheets | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total assets | $5,546 | $13,941 | $6,474 |
Total liabilities | $0 | $0 | $0 |
Net assets or fund balances | $5,546 | $13,941 | $6,474 |
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 | $191,700 |
Subtotal Support | $191,700 |
Gifts, grants, contributions, and membership fees received | $191,700 |
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 | $0 |
Total Support | $191,700 |
Public Support | $191,700 |
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. | $0 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Vedanta Cultural Foundation Usa Inc | 500 Crossfields Ln, Somerset, NJ 08873-6012 | NJ | 2003-08 | $558,634 |
2 | Gallery Aferro Inc | 73 Market St, Newark, NJ 07102-1702 | NJ | 2010-08 | $140,137 |
3 | Vedic Vidyalay | 5 Mattawang Dr, Somerset, NJ 08873 | NJ | 2012-09 | $74,168 |
4 | Standing Ovation Theatre Company Of South Jersey Inc | 19 Luray Ln, Marlton, NJ 08053-2473 | NJ | 2009-08 | $74,060 |
5 | The Society For Pastoral Theology | 36 Madison Ave, Madison, NJ 07940-1434 | NJ | 2001-02 | $33,851 |
6 | Bridge Of Books Foundation Inc | Po Box 39, Rumson, NJ 07760 | NJ | 2005-11 | $12,712 |
7 | William Carlos Williams Symposium Foundation Corporation | 41 Highfield Ln, Rutherford, NJ 07070-2556 | NJ | 2006-07 | $10,951 |
8 | Association For Historical Fencing Inc | 585 Palisade Avenue 1, Jersey City, NJ 07307 | NJ | 2001-07 | $4,189 |
9 | Aes World Languages And Cultures Institute Inc | 906 Lotus Avenue, Oradell, NJ 07649 | NJ | 2011-07 | $0 |
10 | Alliance For Childrens Wisdom Development Inc | 71 Farrand Dr, Parsippany, NJ 07054-2146 | NJ | 2001-08 | $0 |
11 | Bayonne For The Battleship New Jersey Inc | 152 W 29th St, Bayonne, NJ 07002-1836 | NJ | 1999-03 | $0 |
12 | Beginning With Genesis Ministries | 115 South Main Street, Glassboro, NJ 08028 | NJ | 2010-04 | $0 |
13 | Classical New Jersey Society Inc | 122 North Ave, Plainfield, NJ 07060-1223 | NJ | 2000-12 | $0 |
14 | Dr George Feldman Memorial Foundation Inc | 201 So Livingston Ave Suite 2b, Livingston, NJ 07039 | NJ | 2003-11 | $0 |
15 | Foundation Of The Awakening Of Human Being Corporation | 453 4th Ave, Westwood, NJ 07675-2104 | NJ | 2008-06 | $0 |
16 | Friends Of The River Vale Library | 412 River Vale Road, River Vale, NJ 07675 | NJ | 2000-03 | $0 |
17 | George And Patricia Cladis Fndtion For Advncmnt Of Creative A, Cladis Foundation | Pob 162, Summit, NJ 07902-0162 | NJ | 2006-10 | $0 |
18 | Govinda Sanskar Center | 785 Newark Ave, Jersey City, NJ 07306-3806 | NJ | 1997-06 | $0 |
19 | Henderson County Literary Club Inc | 3 N Olney Ave Ste 200, Cherry Hill, NJ 08003-4033 | NJ | 2002-06 | $0 |
20 | Lacus - Linguistic Assoc Of Canada And The United States | 2305 Wickham Ter, Clifton, NJ 07013-2687 | NJ | 2014-03 | $0 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 1,468 |
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