Vermont Music & Arts Assoc Inc in Newfield, New York (NY)
Table of contents:
| Vermont Music & Arts Assoc Inc | |
| Employer Identification Number (EIN) | 222873622 |
| Name of Organization | Vermont Music & Arts Assoc Inc |
| Address | 188 Benjamin Hill Rd, Newfield, NY 14867-9795 |
| Activities | Other cultural or historical activities |
| Subsection | Charitable Organization |
| Ruling Date | 08/1988 |
| 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 | 09/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $177,603 |
| Amount of Income | $151,177 |
| Form 990 Revenue Amount | $150,591 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts Education |
Non-representatives - add comments:
Amount of income in 2014: $151,177 (it was $132,165 in 2013)
| Vermont Music & Arts Assoc Inc: | $151,177 |
| Other organizations performing similar types of work: | $337,726 |
Assets in 2014: $177,603 (it was $159,528 in 2013)
| This organization: | $177,603 |
| Other organizations performing similar types of work: | $377,423 |
Expenses in 2014: $132,516
| This organization: | $132,516 |
| Other organizations performing similar types of work: | $315,747 |
Income to expenses ratio in 2014: 1.1
| This organization: | 1.1 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2014: 2.3%
| Vermont Music & Arts Assoc Inc: | 2.3% |
| Other organizations performing similar types of work: | 22.2% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $107,563 | $112,795 | $132,165 | $150,591 |
| Contributions, gifts, grants, and similar amounts received | $2,850 | $2,739 | $2,873 | $3,514 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $2,500 | $2,300 | $2,475 | $2,800 |
| Investment income | $3,129 | $3,015 | $7,144 | $8,859 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $692 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $1,905 | $1,385 | $367 | $-24 |
| Gross sales of inventory, less returns and allowances | $1,905 | $1,385 | $367 | $562 |
| Less: cost of goods sold | $0 | $0 | $0 | $586 |
| Other revenue | $97,179 | $103,356 | $118,612 | $135,442 |
| Total expenses | $106,314 | $112,368 | $120,365 | $132,516 |
| Total net assets | $147,300 | $147,728 | $159,528 | $177,603 |
| Excess/Deficit for the year | $1,249 | $427 | $11,800 | $18,075 |
| Net assets or fund balances at beginning of year | $146,051 | $147,301 | $147,728 | $159,528 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $159,528 | $177,603 | ||
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $147,300 | $147,728 | $159,528 | $177,603 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $147,300 | $147,728 | $159,528 | $177,603 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| 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 2014) | |
| 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 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $581,868 |
| Subtotal | $581,868 |
| Gifts, grants, contributions, and membership fees received | $30,060 |
| 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 | $551,808 |
| 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 | $607,258 |
| Public support | $581,868 |
| Subtotal | $25,390 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $25,390 |
| 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 | The Arts Connection Inc | 520 8th Ave Rm 321, New York, NY 10018-8906 | NY | 1980-06 | $3,717,844 |
| 2 | Wayne Art Center | 413 Maplewood Ave, Wayne, PA 19087-4702 | PA | 1955-10 | $1,718,088 |
| 3 | South Shore Arts Inc | 1040 Ridge Road, Munster, IN 46321-1876 | IN | 1970-10 | $1,585,190 |
| 4 | Scottsdale Artists School Inc | 3720 N Marshall Way, Scottsdale, AZ 85251-5559 | AZ | 1983-11 | $1,411,908 |
| 5 | Yocum Institute For Arts Education Inc | 1100 Belmont Ave, Wyomissing, PA 19610-2004 | PA | 1941-09 | $956,896 |
| 6 | The Art Center Highland Park | 1957 Sheridan Rd, Highland Park, IL 60035-2540 | IL | 1964-10 | $951,645 |
| 7 | Truro Center For The Arts At Castle Hill Inc | PO BOX 756, Truro, MA 02666-0756 | MA | 1973-05 | $701,112 |
| 8 | South Shore Art Center Inc | 119 Ripley Rd, Cohasset, MA 02025-1744 | MA | 1961-06 | $635,360 |
| 9 | Pelham Art Center Inc | 155 Fifth Ave, Pelham, NY 10803-1503 | NY | 1975-10 | $593,710 |
| 10 | Woodstock School Of Art Inc | PO BOX 338, Woodstock, NY 12498-0338 | NY | $570,624 | |
| 11 | Genesee Center For The Arts Education And New Ideas | 713 Monroe Ave, Rochester, NY 14607-3263 | NY | 1973-08 | $541,713 |
| 12 | Art Lab Inc | 1000 Richmond Terrace, Staten Island, NY 10301-1114 | NY | 1983-03 | $336,481 |
| 13 | Childrens Art Carnival | 62 Hamilton Ter, New York, NY 10031-6403 | NY | 1973-09 | $289,236 |
| 14 | Printmaking Workshop Inc | 19 W 12th St 9th Flr, New York, NY 10011-8501 | NY | 1970-12 | $288,040 |
| 15 | Vermont Music & Arts Assoc Inc | 188 Benjamin Hill Rd, Newfield, NY 14867-9795 | NY | 1988-08 | $151,177 |
| 16 | Project Unique Inc | Po Box 10069 Brighton Station, Rochester, NY 14610 | NY | 1970-06 | $40,446 |
| 17 | Earth & Arts Center Inc | 61 North Main St, Honeoye Falls, NY 14472-1067 | NY | 1998-09 | $33,232 |
| 18 | Gardners Pick Of The Crop Inc | 2344 Lake Rd, Silver Creek, NY 14136-9785 | NY | 1988-12 | $15,082 |
| 19 | Metropolitan School For The Arts Inc | 340 Montgomery St, Syracuse, NY 13202-2015 | NY | 1974-08 | $0 |
| 20 | Reilly League Of Artists Inc | 230 Ferris Ave, White Plains, NY 10603-3461 | NY | 1977-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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