Parallel Studios Inc in Santa Fe, New Mexico (NM)

Organization representatives - add corrected or new information about Parallel Studios Inc »

Non-representatives - add comments about Parallel Studios Inc»

Parallel Studios Inc
Employer Identification Number (EIN)364663305
Name of OrganizationParallel Studios Inc
In Care of NameRichard Lowenberg
Address167 Soaring Hawk Trl, Santa Fe, NM 87508-1414
Websitehttp://www.currentsnewmedia.org
SubsectionCharitable Organization
Ruling Date02/2011
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2011
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$40,119
Amount of Income$148,717
Form 990 Revenue Amount$148,717
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Arts, Cultural Organizations - Multipurpose


Non-representatives - add comments:


CAPTCHA

Your IP address 44.197.238.222 will be logged.

Amount of income in 2011: $148,717 (it was $148,717 in 2013)
This organization: 

 $148,717
Other organizations performing similar types of work: 

 $59,050

Assets in 2011: $40,119 (it was $40,119 in 2013)
Parallel Studios Inc: 

 $40,119
Other organizations performing similar types of work: 

 $25,518

Expenses in 2013: $150,635
This organization: 

 $150,635
Other organizations performing similar types of work: 

 $51,518

Income to expenses ratio in 2013: 1.0
Parallel Studios Inc: 

 1.0
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 92.3%
Parallel Studios Inc: 

 92.3%
Other organizations performing similar types of work: 

 1.3%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20122013
Total revenue$102,495$148,717
Contributions, gifts, grants, and similar amounts received$94,871$137,256
Program service revenue including government fees and contracts$6,544$10,381
Membership dues and assessments$0$0
Investment income$0$0
Gain/Loss from sale of assets other than inventory$0$0
Net income/loss from gaming and fundraising events$0$0
Gross profit/loss from sales of inventory$0$0
Other revenue$1,080$1,080
Total expenses$106,253$150,635
Total net assets$9,522$7,604
Excess/Deficit for the year$-3,758$-1,918
Net assets or fund balances at beginning of year$13,280$9,522
Other changes in net assets or fund balances$0$0
Net assets or fund balances at end of year$9,522$7,604
Balance Sheets
20122013
Total assets$40,089$40,119
Total liabilities$30,567$32,515
Net assets or fund balances$9,522$7,604
Other Information
20122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0
Gross receipts for public use of club facilities$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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
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 supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$249,052
Subtotal$249,052
Gifts, grants, contributions, and membership fees received$238,171
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$10,881
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$251,212
Public support$249,052
Subtotal$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
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$2,160
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Parallel Studios Inc to others? (optional)
  
Add photo of Parallel Studios Inc (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Womans Art Club Of Cincinnati Foundation6980 Cambridge Ave, Cincinnati, OH 45227-3362OH2007-03$122,085
2New Mexico Advocates For The Arts IncPO BOX 938, Las Cruces, NM 88004-0938NM2014-02$221,745
3Parallel Studios Inc167 Soaring Hawk Trl, Santa Fe, NM 87508-1414NM2011-02$148,717
4Santa Fe Artists Market Inc1000 Cordova Place 272, Santa Fe, NM 87505-1725NM2012-11$74,751
5Santa Fe Short Story Festival826 Camino De Monte Rey Ste A-6, Santa Fe, NM 87505-3961NM2005-11$70,457
6Empower New Mexico Inc119 Sunlit Dr West, Santa Fe, NM 87508NM2010-11$44,583
7Corrales Society Of Artists-New Mexico Artists Market6216 Calle De Vida Nw, Albuquerque, NM 87114NM2014-08$36,994
8International Land-Sensitive Art Foundation, IlsafPO BOX 9270, Santa Fe, NM 87504-9270NM2013-09$33,585
9Ruidoso Regional Council For The Arts Inc1712 Sudderth Dr, Ruidoso, NM 88345-6113NM2003-10$24,143
10Tibet Center-New Mexico IncPo Box 65974, Albuquerque, NM 87193-5974NM2012-06$10,240
11Touchstone Foundation IncPO BOX 1885, Taos, NM 87571-1885NM2001-05$1,000
12All One Thread Inc505 La Lomita Road, Taos, NM 87571NM2014-11$0
13American Sewing Guild Inc, Las Cruces Chapter2761 Lookout Ridge Dr, Las Cruces, NM 88011-0832NM1986-03$0
14Another Planet Cultural Foundation IncPO BOX 65, Las Cruces, NM 88004-0065NM2005-10$0
15Artforms Artist Association Of New Mexico4652 Calle De Nubes, Las Cruces, NM 88012NM2000-08$0
16Arts League International IncPO BOX 867, Columbus, NM 88029-0867NM2007-06$0
17Artworks America CorporationPo Box 32384, Santa Fe, NM 87594NM2011-02$0
18Aztec Highland Games Celtic Music Festival322 S Mesa Verde Avenue, Aztec, NM 87410NM2015-01$0
19Bali Art Project46 Old Agua Fria Road W, Santa Fe, NM 87508NM2002-11$0
20Bead Society Of New MexicoPo Box 36824, Albuquerque, NM 87176NM2008-07$0
Number of organizations performing similar types of work
Alaska22
Alabama63
Arkansas50
Arizona135
California1,022
Colorado143
Connecticut88
District of Columbia74
Delaware13
Florida371
Georgia162
Hawaii83
Iowa63
Idaho34
Illinois240
Indiana102
Kansas48
Kentucky74
Louisiana85
Massachusetts189
Maryland133
Maine46
Michigan156
Minnesota133
Missouri129
Mississippi35
Montana33
North Carolina169
North Dakota14
Nebraska42
New Hampshire25
New Jersey180
New Mexico70
Nevada39
New York667
Ohio194
Oklahoma53
Oregon141
Pennsylvania218
Rhode Island33
South Carolina64
South Dakota17
Tennessee93
Texas380
Utah63
Virginia178
Vermont26
Washington183
Wisconsin110
West Virginia47
Wyoming10
International21
Total6,763

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Parallel Studios Inc and has no official or unofficial affiliation with Parallel Studios Inc