Break Oday Farm And Metcalfe Museum Inc in Durham, Oklahoma (OK)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Break Oday Farm And Metcalfe Museum Inc | |
| Employer Identification Number (EIN) | 731489506 |
| Name of Organization | Break Oday Farm And Metcalfe Museum Inc |
| Address | 8451 N 1740 Rd, Durham, OK 73642-4231 |
| Activities | Described in section 509(a)(2) of the Code, Museum, zoo, planetarium, etc. |
| Subsection | Charitable Organization |
| Ruling Date | 04/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $2,613,207 |
| Amount of Income | $302,240 |
| Form 990 Revenue Amount | $794,834 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: History Museums |
Non-representatives - add comments:
Amount of income in 2013: $302,240 (it was $918,002 in 2012)
| This organization: | $302,240 |
| Other organizations performing similar types of work: | $170,607 |
Assets in 2013: $2,613,207 (it was $2,579,632 in 2012)
| Break Oday Farm And Metcalfe Museum Inc: | $2,613,207 |
| Other organizations performing similar types of work: | $751,001 |
Expenses in 2012: $225,647
| Break Oday Farm And Metcalfe Museum Inc: | $225,647 |
| Other organizations performing similar types of work: | $136,601 |
Income to expenses ratio in 2012: 1.3
| Break Oday Farm And Metcalfe Museum Inc: | 1.3 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2012: 1.6%
| Break Oday Farm And Metcalfe Museum Inc: | 1.6% |
| Other organizations performing similar types of work: | 57.9% |
Revenue for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $794,834 | $53,384 | $4,103 | |
| Contributions, gifts, grants, etc., received | $12,768 | |||
| Interest on savings and temporary cash investments | $3,140 | |||
| Dividends and interest from securities | $32,587 | |||
| Gross rents | $727,204 | |||
| Gross profit from sales of goods | $1,478 | |||
| Gross sales less returns and allowances | $-1,876 | |||
| Less: Cost of goods sold | $3,354 | |||
| Other income | $2,625 | |||
| Other | $15,032 | |||
| Total expenses and disbursements | $225,647 | $0 | $0 | $96,798 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $225,647 | $0 | $96,798 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $569,187 | |||
| Net investment income | $53,384 | |||
| Adjusted net income | $4,103 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,579,632 | $2,579,632 |
| Cash - non-interest-bearing | $5,274 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $825,499 | |
| Investments-corporate bonds | $311,682 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $1,437,177 | |
| Total liabilities | $1,709 | |
| Mortgages and other notes payable | $0 | |
| Other | $1,709 | |
| Total liabilities and net assets/fund balances | $2,577,923 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $15,032 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $534 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $534 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | Yes |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $2,364,782 |
| Net value of noncharitable-use assets | $2,329,320 |
| Minimum investment return | $116,466 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $4,103 | $0 | $0 | $0 | $4,103 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $1 | $0 | $0 | $0 | $1 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | National Cowboy And Western Heritage Museum Inc | 1700 Ne 63rd St, Oklahoma City, OK 73111-7906 | OK | 2005-11 | $26,910,311 |
| 2 | Wharton County Museum Association | PO BOX 349, Wharton, TX 77488-0349 | TX | 1974-12 | $141,508 |
| 3 | Shakertown At Pleasant Hill Kentucky Inc | 3501 Lexington Rd, Harrodsburg, KY 40330-9218 | KY | 1962-11 | $5,784,015 |
| 4 | Worcester Historical Museum | 30 Elm St, Worcester, MA 01609-2504 | MA | 1944-06 | $4,759,570 |
| 5 | Rosenbach Museum And Library | 2010 Delancey St, Philadelphia, PA 19103-6510 | PA | 1953-10 | $4,722,469 |
| 6 | Yakima Valley Museum & Hist Assn | 2105 Tieton Dr, Yakima, WA 98902-3766 | WA | 1953-08 | $3,751,089 |
| 7 | The Long Island Museum Of American Art History & Carriages | 1200 Route 25a, Stony Brook, NY 11790-1931 | NY | 1945-04 | $3,682,073 |
| 8 | Soulsville | 926 E Mclemore Ave, Memphis, TN 38106-3338 | TN | 1998-08 | $2,508,610 |
| 9 | Stuhr Museum Of The Prairie Pioneer | 3133 W Hwy 34, Grand Island, NE 68801 | NE | 1970-04 | $2,428,078 |
| 10 | San Jacinto Museum Of History Association | 1 Monument Cir, La Porte, TX 77571-9585 | TX | 1940-11 | $2,300,662 |
| 11 | American Banjo Museum Inc | 9 E Sheridan Ave, Oklahoma City, OK 73104-2424 | OK | 1998-02 | $430,316 |
| 12 | William Fremont Harn Gardens | 1721 N Lincoln Blvd, Oklahoma City, OK 73105-4911 | OK | 1986-12 | $392,215 |
| 13 | Greater Southwest Historical Museum | 35 Sunset Dr Sw, Ardmore, OK 73401-2852 | OK | 1965-08 | $308,952 |
| 14 | Break Oday Farm And Metcalfe Museum Inc | 8451 N 1740 Rd, Durham, OK 73642-4231 | OK | 1997-04 | $302,240 |
| 15 | Chisholm Trail Museum Inc | 605 Zellers Avenue, Kingfisher, OK 73750 | OK | 1966-01 | $202,445 |
| 16 | Stillwater Museum Association Inc | 702 S Duncan St, Stillwater, OK 74074-4443 | OK | 1989-05 | $173,951 |
| 17 | Cimarron Heritage Center | PO BOX 214, Boise City, OK 73933-0214 | OK | 1995-01 | $117,316 |
| 18 | Railroad Museum Of Minot | 603 W Jackson, Hugo, OK 74743 | OK | 1987-06 | $36,860 |
| 19 | Kaw City Museum Inc | Po Box 1987, Ponca City, OK 74602 | OK | 1983-05 | $8,806 |
| 20 | Sand Springs Cultural & Historical Museum Trust Authority | Po Box 637, Sand Springs, OK 74063 | OK | 1992-11 | $0 |
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