Magnolia Festival Of Oklahoma Inc in Durant, Oklahoma (OK)
Table of contents:
| Magnolia Festival Of Oklahoma Inc | |
| Employer Identification Number (EIN) | 731533541 |
| Name of Organization | Magnolia Festival Of Oklahoma Inc |
| In Care of Name | ANGIE SULLIVAN |
| Address | PO BOX 5262, Durant, OK 74702 |
| Subsection | Educational Organization, Charitable Organization |
| Ruling Date | 02/2000 |
| 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 | 2011 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $50,479 |
| Amount of Income | $54,083 |
| Form 990 Revenue Amount | $54,083 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Fairs, County and Other |
Non-representatives - add comments:
Amount of income in 2011: $54,083 (it was $54,083 in 2012)
| This organization: | $54,083 |
| Other organizations performing similar types of work: | $315,861 |
Assets in 2011: $50,479 (it was $50,479 in 2012)
| This organization: | $50,479 |
| Other organizations performing similar types of work: | $452,016 |
Expenses in 2012: $41,507
| This organization: | $41,507 |
| Other organizations performing similar types of work: | $300,140 |
Income to expenses ratio in 2012: 1.3
| This organization: | 1.3 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 0.0%
| Magnolia Festival Of Oklahoma Inc: | 0.0% |
| Other organizations performing similar types of work: | 6.8% |
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? | 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 | $54,083 |
| Contributions, Gifts, Grants and Other Similar Amounts | $0 |
| Program Service Revenue | $54,083 |
| 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 | $41,507 |
| Compensation of current officers, directors, trustees, and key employees | $0 |
| Other salaries and wages | $0 |
| Payroll taxes | $0 |
| Professional fundraising services | $0 |
| Other | $41,507 |
| Balance Sheet (for 2012) | |
| Total assets | $50,479 |
| Total liabilities | $0 |
| Total net assets or fund balances | $50,479 |
| Retained earnings, endowment, accumulated income, or other funds | $50,479 |
| 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 | $227,908 |
| Gifts, grants, contributions, and membership fees received | $60,420 |
| 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 | $167,179 |
| 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 | $309 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | San Mateo County Expostion And Fair Association, San Mateo County Event Center | 2495 S Delaware St, San Mateo, CA 94403-1902 | CA | 1948-04 | $8,952,015 |
| 2 | Utah State Fair Corporation, Utah State Fairpark | 155 N 1000 W, Salt Lake Cty, UT 84116-3307 | UT | 1997-04 | $4,456,940 |
| 3 | West Oxford Agricultural Society | PO BOX 78, Fryeburg, ME 04037-0078 | ME | 1991-01 | $3,786,764 |
| 4 | Solano County Fair Association | 900 Fairgrounds Dr, Vallejo, CA 94589-4003 | CA | 1991-06 | $2,967,270 |
| 5 | Wharton County Youth Fair And Exposition | PO BOX 167, Glen Flora, TX 77443-0167 | TX | 1976-06 | $2,068,302 |
| 6 | St Joseph County Grange Fair Assoc | PO BOX 578, Centreville, MI 49032-0578 | MI | 1940-07 | $1,343,147 |
| 7 | The Cincinnati International Wine Festival Inc | 11159 Kenwood Rd, Cincinnati, OH 45242-1847 | OH | 1994-04 | $1,035,576 |
| 8 | St Lucie County Fair Association Inc | PO BOX 12478, Fort Pierce, FL 34979-2478 | FL | 1996-01 | $966,039 |
| 9 | Suwanee River Fair & Livestock Association Inc | PO BOX 252, Trenton, FL 32693-0252 | FL | 1997-03 | $920,381 |
| 10 | Ulster County Agricultural Society | PO BOX 71, New Paltz, NY 12561-0071 | NY | 1996-04 | $892,377 |
| 11 | Washington Parish Fair Association | PO BOX 697, Franklinton, LA 70438-0697 | LA | 1951-01 | $821,547 |
| 12 | Waukesha County Fair Association | 2417 Silvernail Rd, Pewaukee, WI 53072-5406 | WI | 1998-09 | $785,724 |
| 13 | Upper Missouri Valley Fair Assoc | PO BOX 785, Williston, ND 58802-0785 | ND | 1991-05 | $653,341 |
| 14 | The White County Fair Association Incorporated | PO BOX 1605, Searcy, AR 72145-1605 | AR | 1986-01 | $617,983 |
| 15 | Southern Lancaster County Community Fair Association | 119 Cooks Landing Rd, Peach Bottom, PA 17563-9728 | PA | 1980-09 | $571,822 |
| 16 | Floyd County Fair Society | PO BOX 301, Charles City, IA 50616-0301 | IA | 1987-12 | $531,193 |
| 17 | Trinity County Fair Association Inc | PO BOX 880, Hayfork, CA 96041-0880 | CA | 1989-05 | $511,593 |
| 18 | Washington County Stock Show Association | PO BOX 624, Dewey, OK 74029-0624 | OK | 1994-09 | $123,349 |
| 19 | Festival Of Light Inc | PO BOX 2381, Chickasha, OK 73023-2381 | OK | 1993-08 | $118,459 |
| 20 | Magnolia Festival Of Oklahoma Inc | PO BOX 5262, Durant, OK 74702 | OK | 2000-02 | $54,083 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 382 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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