Nascentworks Inc in Spartanburg, South Carolina (SC)

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Nascentworks Inc
Employer Identification Number (EIN)421573942
Name of OrganizationNascentworks Inc
In Care of NameTimothy Farrell
Address100 East Main Street 20, Spartanburg, SC 29306
Websitehttp://nascentworks.org
SubsectionEducational Organization
Ruling Date08/2003
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 Period2014
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$1,819
Amount of Income$32,358
Form 990 Revenue Amount$32,358
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Arts, Cultural Organizations - Multipurpose


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Amount of income in 2014: $32,358 (it was $8,180 in 2012)
Nascentworks Inc: 

 $32,358
Other organizations performing similar types of work: 

 $59,050

Assets in 2014: $1,819 (it was $3,509 in 2012)
This organization: 

 $1,819
Other organizations performing similar types of work: 

 $25,518

Expenses in 2012: $5,883
Nascentworks Inc: 

 $5,883
Other organizations performing similar types of work: 

 $51,518

Income to expenses ratio in 2012: 5.5
This organization: 

 5.5
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2012: 100.0%
Nascentworks Inc: 

 100.0%
Other organizations performing similar types of work: 

 1.3%

Financial snapshot ($)

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$8,180
Contributions, Gifts, Grants and Other Similar Amounts$8,180
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$5,883
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$5,883
Balance Sheet (for 2012)
Total assets$3,509
Total liabilities$1,574
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$1,574
Total net assets or fund balances$1,935
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:Not provided
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Womans Art Club Of Cincinnati Foundation6980 Cambridge Ave, Cincinnati, OH 45227-3362OH2007-03$122,085
2701 Center For Contemporary Art701 Whaley St Ste 212, Columbia, SC 29201-5900SC2009-11$212,424
3World Famous Blue Crab Festival IncPO BOX 1394, Little River, SC 29566-1394SC2014-07$178,807
4Union Community Cultural Arts Center Inc, Union Events CenterPO BOX 987, Union, SC 29379-0987SC2011-06$178,149
5Charleston Art And Antiques ForumPO BOX 22322, Charleston, SC 29413-2322SC2009-11$127,064
6The Charleston Regional Alliance For The Arts293 E Bay St, Charleston, SC 29401-1601SC2007-01$119,756
7Seacoast Artist Guild Of South Carolina IncPo Box 2730, Murrells Inlet, SC 29576SC2004-03$104,262
8Travelers Rest Arts Mission, Tr Arts Mission312 N Poinsett Hwy, Travlers Rest, SC 29690-2304SC2006-12$50,827
9Nascentworks Inc100 East Main Street 20, Spartanburg, SC 29306SC2003-08$32,358
10Artists For Africa1056 Coatesdale Rd, Columbia, SC 29209-2409SC2014-07$9,317
11Performing Arts And Science Academy Pasa320 N Main Street, Marion, SC 29571SC2010-11$1,350
12Cultural Arts Alliance Of Greater Summerville128 Wainwright Manor, Summerville, SC 29485SC2015-01$640
13American Humanist AssocationPo Box 32256, Charleston, SC 29417SC1946-06$0
14American Sewing Guild Inc, Upstate Sc Chapter403 Austin Woods Ct, Greer, SC 29651-2400SC1986-03$0
15Anderson Art Association1600 Sandy Hollow Dr, Anderson, SC 29621SC1993-09$0
16Arts Cultural Council Of Southern Beaufort County, AacsbcPO BOX 21558, Hilton Head, SC 29925-1558SC2007-10$0
17Avant Garde Center For The ArtsP O Box 6, Van Wyck, SC 29744SC2008-07$0
18Aynor-Galivants Ferry Cultural Heritage FoundationPO BOX 173, Aynor, SC 29511-0173SC2014-11$0
19B R I G H T Historical Organization330 Betsy Road, Charleston, SC 29407-6950SC1998-09$0
20Barbados And Carolinas Legacy Foundation1320 Marvin Avenue, Charleston, SC 29407SC2015-02$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

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