Magic Circle Opera Repretory Ensemble Inc in New York, New York (NY)
Table of contents:
| Magic Circle Opera Repretory Ensemble Inc | |
| Employer Identification Number (EIN) | 133096065 |
| Name of Organization | Magic Circle Opera Repretory Ensemble Inc |
| Address | 200 W 70th St Apt 6c, New York, NY 10023-4324 |
| Activities | Cultural performances |
| Subsection | Educational Organization |
| Ruling Date | 12/1981 |
| 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 | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $5,010 |
| Amount of Income | $80,786 |
| Form 990 Revenue Amount | $80,786 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Opera |
Non-representatives - add comments:
Amount of income in 2013: $80,786 (it was $73,323 in 2012)
| This organization: | $80,786 |
| Other organizations performing similar types of work: | $326,346 |
Assets in 2013: $5,010 (it was $-6 in 2012)
| This organization: | $5,010 |
| Other organizations performing similar types of work: | $157,818 |
Expenses in 2013: $73,883
| Magic Circle Opera Repretory Ensemble Inc: | $73,883 |
| Other organizations performing similar types of work: | $318,256 |
Income to expenses ratio in 2013: 1.1
| Magic Circle Opera Repretory Ensemble Inc: | 1.1 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 29.1%
| Magic Circle Opera Repretory Ensemble Inc: | 29.1% |
| Other organizations performing similar types of work: | 54.6% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total revenue | $65,007 | $73,060 | $73,323 | $80,786 |
| Contributions, gifts, grants, and similar amounts received | $17,600 | $19,200 | $19,200 | $23,500 |
| Program service revenue including government fees and contracts | $47,407 | $50,860 | $54,123 | $57,286 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $3,000 | $0 | $0 |
| Total expenses | $66,034 | $74,163 | $74,178 | $73,883 |
| Total net assets | $-18,335 | $-19,438 | $-20,293 | $-13,390 |
| Excess/Deficit for the year | $-1,027 | $-1,103 | $-855 | $6,903 |
| Net assets or fund balances at beginning of year | $-17,308 | $-18,335 | $-19,438 | $-20,293 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $-20,293 | $-13,390 | ||
| Balance Sheets | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total assets | $945 | $3,120 | $-6 | $5,010 |
| Total liabilities | $19,280 | $22,558 | $20,287 | $18,400 |
| Net assets or fund balances | $-18,335 | $-19,438 | $-20,293 | $-13,390 |
| Other Information | ||||
| 2010 | 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 | 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 | $0 |
| Gross receipts for public use of club facilities | $0 | $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 | $260,186 |
| Subtotal | $354,566 |
| Gifts, grants, contributions, and membership fees received | $98,700 |
| 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 | $255,866 |
| 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 | $94,400 |
| 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 | $94,400 |
| Total support | $354,566 |
| Public support | $354,566 |
| 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 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Metropolitan Opera Association Inc | 30 Lincoln Cntr Plz, New York, NY 10023-6922 | NY | 1940-10 | $377,821,949 |
| 2 | Metropolitan Opera Guild Inc | 70 Lincoln Center, New York, NY 10023-6548 | NY | 1938-08 | $23,949,630 |
| 3 | New York City Opera Inc | PO BOX 3034, New York, NY 10016 | NY | 1979-08 | $17,054,891 |
| 4 | San Diego Opera Association | 233 A St Ste 500, San Diego, CA 92101-4095 | CA | 1959-10 | $15,463,585 |
| 5 | Sarasota Opera Association Inc | 50 Central Avenue, Sarasota, FL 34236-5746 | FL | 1970-11 | $11,228,400 |
| 6 | Glimmerglass Opera Theatre Inc | PO BOX 191, Cooperstown, NY 13326-0191 | NY | 1975-12 | $10,785,366 |
| 7 | The Atlanta Opera Inc | 1575 Northside Dr Nw Ste 350, Atlanta, GA 30318-4210 | GA | 1979-11 | $9,528,938 |
| 8 | Tri-Cities Opera Company Inc | 315 Clinton St, Binghamton, NY 13905-2017 | NY | 1959-05 | $958,362 |
| 9 | Lake George Opera Festival Association Inc | 19 Roosevelt Dr Ste 215, Saratoga Spgs, NY 12866-6209 | NY | 1964-07 | $878,452 |
| 10 | American Opera Projects Inc | 138 South Oxford Street, Brooklyn, NY 11217-1695 | NY | 1981-08 | $863,152 |
| 11 | Syracuse Opera Company Inc | PO BOX 1223, Syracuse, NY 13201-1223 | NY | 1972-03 | $754,635 |
| 12 | Di Capo Opera Theatre Corp | 184 E 76th St, New York, NY 10021-2819 | NY | 1990-05 | $665,356 |
| 13 | Bronx Opera Company Inc | 5 Minerva Place, Bronx, NY 10468-1647 | NY | 1972-02 | $219,453 |
| 14 | Teatro Grattacielo | 2 Riverside Dr Apt 2c, New York, NY 10023-2524 | NY | 1995-02 | $185,403 |
| 15 | Il Piccolo Teatro Dell Opera Inc | 138 Court St, Brooklyn, NY 11201-6291 | NY | 1985-03 | $128,502 |
| 16 | The Regina Opera Company Inc | 599 E 7th St, Brooklyn, NY 11218-5911 | NY | 1985-09 | $112,229 |
| 17 | Taconic Opera Inc | 9 Stacey Ct, Peekskill, NY 10566-2502 | NY | 1998-05 | $97,011 |
| 18 | Village Light Opera Group Ltd | PO BOX 143, New York, NY 10014-0143 | NY | 1964-07 | $45,027 |
| 19 | Westchester Hudson Opera Company Ltd | 25 Beechwood Ave # 35, Mt Vernon, NY 10553-1314 | NY | 1995-11 | $42,705 |
| 20 | Ebony-Opera Inc | 2109 Broadway Ste 1418, New York, NY 10023-2106 | NY | 1975-02 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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