Peaceweavers Inc in Bath, New York (NY)

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Peaceweavers Inc
Employer Identification Number (EIN)161470863
Name of OrganizationPeaceweavers Inc
In Care of NameValicenti Advisory Services Inc
Address8125 Crouse Rd, Bath, NY 14810-8264
ActivitiesDescribed in section 509(a)(2) of the Code, Other cultural or historical activities, Other religious activities
SubsectionCharitable Organization
Ruling Date12/1995
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 Period12/2013
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$394,145
Amount of Income$215,214
Form 990 Revenue Amount$194,880
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Arts, Culture, and Humanities (Not Elsewhere Classified)


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Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Support schedule

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?Yes
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$201,219
Contributions, Gifts, Grants and Other Similar Amounts$62,443
Program Service Revenue$124,175
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$2
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$14,938
Gross rents (Real / Personal)$15,250 / $0
Less: rental expenses (Real / Personal)$312 / $0
Rental income or (loss) (Real / Personal)$14,938 / $0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net loss from sales of inventory$-339
Gross sales of inventory, less returns and allowances$32,275
Less: cost of goods sold$32,614
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$204,983
Compensation of current officers, directors, trustees, and key employees$47,972
Other salaries and wages$0
Payroll taxes$4,442
Professional fundraising services$0
Other$152,569
Balance Sheet (for 2012)
Total assets$423,822
Total liabilities$367,438
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$319,370
Unsecured notes and loans payable to unrelated third parties$25,328
Other$22,740
Total net assets or fund balances$56,384
Retained earnings, endowment, accumulated income, or other funds$56,384
Reason for Public Charity Status (for 2012)
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
Support Schedule for Organizations Described in Section 509(a)(2) (for 2012)
2008 - 2012 Total
Total support$1,292,167
Gifts, grants, contributions, and membership fees received$465,567
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$803,092
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$23,508
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