Las Vegas Arts Council in Las Vegas, New Mexico (NM)

Las Vegas Arts Council
Employer Identification Number (EIN)	850252533
Name of Organization	Las Vegas Arts Council
Address	PO BOX 2603, Las Vegas, NM 87701-2603
Activities	Cultural performances, Art exhibit
Subsection	Educational Organization
Ruling Date	08/1977
Deductibility	Contributions are deductible
Foundation	Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2013
Assets	$25,000 to $99,999
Income	$25,000 to $99,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$78,244
Amount of Income	$54,320
Form 990 Revenue Amount	$51,268

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Financial snapshot ($)

Revenue for 2012

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue	$78,715
Contributions, gifts, grants, and similar amounts received	$41,966
Program service revenue including government fees and contracts	$9,086
Membership dues and assessments	$3,355
Investment income	$158
Gain from sale of assets other than inventory	$0
Net income from gaming and fundraising events	$0
Gross profit from sales of inventory	$9,730
Gross sales of inventory, less returns and allowances	$32,469
Less: cost of goods sold	$22,739
Other revenue	$14,420
Total expenses	$75,457
Total net assets	$87,501
Excess for the year	$3,258
Net assets or fund balances at beginning of year	$84,243
Other changes in net assets or fund balances	$0

Balance Sheets (for 2012)
Total assets	$88,233
Total liabilities	$732
Net assets or fund balances	$87,501

Other Information (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activities	No
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0

Reason for Public Charity Status (for 2012)
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)

	2008 - 2012 Total
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012)
Total Support	$258,432
Gifts, grants, contributions, and membership fees received	$113,446
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	$111,300
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources	$33,686
Gross receipts from related activities, etc.	$125,487

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