Liberty Theatre Foundation Inc in La Grande, Oregon (OR)
Table of contents:
| Liberty Theatre Foundation Inc | |
| Employer Identification Number (EIN) | 453781829 |
| Name of Organization | Liberty Theatre Foundation Inc |
| Address | PO BOX 1024, La Grande, OR 97850-1024 |
| Subsection | Charitable Organization |
| Ruling Date | 06/2012 |
| 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 | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $202,411 |
| Amount of Income | $78,785 |
| Form 990 Revenue Amount | $76,548 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2013: $78,785 (it was $108,763 in 2012)
| This organization: | $78,785 |
| Other organizations performing similar types of work: | $79,074 |
Assets in 2013: $202,411 (it was $174,402 in 2012)
| This organization: | $202,411 |
| Other organizations performing similar types of work: | $63,467 |
Expenses in 2013: $48,539
| This organization: | $48,539 |
| Other organizations performing similar types of work: | $40,000 |
Income to expenses ratio in 2013: 1.6
| Liberty Theatre Foundation Inc: | 1.6 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 67.8%
| Liberty Theatre Foundation Inc: | 67.8% |
| Other organizations performing similar types of work: | 9.0% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $108,763 | $76,548 |
| Contributions, gifts, grants, and similar amounts received | $89,474 | $51,914 |
| Program service revenue including government fees and contracts | $1,113 | $3,573 |
| Membership dues and assessments | $1,425 | $0 |
| Investment income | $16,550 | $10,850 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $10,211 |
| Gross income from gaming | $0 | $0 |
| Gross income from fundraising events | $0 | $12,448 |
| Less: direct expenses from gaming and fundraising events | $0 | $2,237 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $201 | $0 |
| Total expenses | $84,361 | $48,539 |
| Total net assets | $24,402 | $52,411 |
| Excess/Deficit for the year | $24,402 | $28,009 |
| Net assets or fund balances at beginning of year | $0 | $24,402 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $24,402 | $52,411 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $174,402 | $202,411 |
| Total liabilities | $150,000 | $150,000 |
| Net assets or fund balances | $24,402 | $52,411 |
| Other Information | ||
| 2012 | 2013 | |
|---|---|---|
| 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 |
| 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 |
| Gross receipts for public use of club facilities | $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 2013) | |
| 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 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $147,499 |
| Subtotal | $147,499 |
| Gifts, grants, contributions, and membership fees received | $142,813 |
| 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 | $0 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $4,686 |
| 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 | $185,311 |
| Public support | $147,499 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 | $37,812 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | World War Ii Theatre Inc | 945 Magazine St, New Orleans, LA 70130-3813 | LA | 2009-04 | $562,501 |
| 2 | Block 100 Foundation Inc | 6120 University Ave, Middleton, WI 53562-3461 | WI | 2012-05 | $12,555,536 |
| 3 | Naples Players Endowment | 701 5th Ave S, Naples, FL 34102-6662 | FL | 2014-07 | $10,900,394 |
| 4 | Fort Worth Art Association Endowment Foundation | 3200 Darnell St, Fort Worth, TX 76107-2872 | TX | 2013-01 | $10,827,283 |
| 5 | Fund For Bric Community Media Inc | 45 Main Street, Brooklyn, NY 11201 | NY | 2010-03 | $7,332,533 |
| 6 | Gtmf Support Facilities Inc | 4015 Lake Creek Dr N Ste 100, Wilson, WY 83014-9203 | WY | 2012-10 | $6,052,309 |
| 7 | World Chess Museum Inc, Chess Hall Of Fame | Po Box 4797, St Louis, MO 63108 | MO | 2007-09 | $3,849,053 |
| 8 | Public Media Connect | 1223 Central Pkwy, Cincinnati, OH 45214-2812 | OH | 2010-03 | $3,407,626 |
| 9 | Orlando Philharmonic Plaza Foundation Inc | 812 E Rollins St Ste 300, Orlando, FL 32803-1202 | FL | 2013-11 | $3,148,219 |
| 10 | Fund For Bric Inc | 45 Main Street, Brooklyn, NY 11201 | NY | 2010-03 | $2,941,401 |
| 11 | Clyfford Still Museum Foundation | 1250 Bannock St, Denver, CO 80204-3631 | CO | 2013-01 | $2,759,608 |
| 12 | Van Wert Area Performing Arts Foundation | 138 E Main St, Van Wert, OH 45891-1725 | OH | 2006-06 | $2,337,015 |
| 13 | Naples Historical Society Foundation Inc | PO BOX 201, Naples, FL 34106-0201 | FL | 2010-07 | $2,157,253 |
| 14 | Northwest Regional Esd Foundation | 5825 Ne Ray Cir, Hillsboro, OR 97124-6436 | OR | 2007-05 | $79,902 |
| 15 | Liberty Theatre Foundation Inc | PO BOX 1024, La Grande, OR 97850-1024 | OR | 2012-06 | $78,785 |
| 16 | Francis Cheney Family Foundation Trust | PO BOX 8000 PMB 8098, Sisters, OR 97759-8000 | OR | 2000-02 | $77,472 |
| 17 | Corvallis Youth Symphony Foundation Inc | PO BOX 857, Corvallis, OR 97339-0857 | OR | 2003-09 | $30,518 |
| 18 | James C And Carol A Kyle Foundation | PO BOX 2073, Roseburg, OR 97470-0446 | OR | 2000-06 | $4,120 |
| 19 | North Clackamas Arts Guild | Po Box 220004, Milwaukie, OR 97269 | OR | 1999-01 | $0 |
| 20 | Sho-Support Hultcenter Operations | 1 Eugene Center, Eugene, OR 97401-5000 | OR | 1985-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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