Old Library Studio in Portland, Oregon (OR)
Table of contents:
Old Library Studio | |
Employer Identification Number (EIN) | 900084678 |
Name of Organization | Old Library Studio |
Address | 1535 Ne 41st Ave, Portland, OR 97232-1807 |
Subsection | Educational Organization, Charitable Organization |
Ruling Date | 03/2004 |
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 | $10,000 to $24,999 |
Income | $10,000 to $24,999 |
Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
Asset Amount | $12,619 |
Amount of Income | $23,994 |
Form 990 Revenue Amount | $23,994 |
National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts Education |
Non-representatives - add comments:
Amount of income in 2013: $23,994 (it was $11,759 in 2012)
Old Library Studio: | $23,994 |
Other organizations performing similar types of work: | $63,694 |
Assets in 2013: $12,619 (it was $8,127 in 2012)
This organization: | $12,619 |
Other organizations performing similar types of work: | $22,158 |
Expenses in 2013: $13,381
Old Library Studio: | $13,381 |
Other organizations performing similar types of work: | $58,738 |
Income to expenses ratio in 2013: 1.8
This organization: | 1.8 |
Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 99.4%
Old Library Studio: | 99.4% |
Other organizations performing similar types of work: | 72.3% |
Revenue for 2013
Support schedule
Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total revenue | $20,154 | $11,759 | $23,994 |
Contributions, gifts, grants, and similar amounts received | $19,779 | $11,133 | $23,851 |
Program service revenue including government fees and contracts | $100 | $500 | $100 |
Membership dues and assessments | $0 | $0 | $0 |
Investment income | $50 | $29 | $43 |
Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
Gross profit/loss from sales of inventory | $0 | $0 | $0 |
Other revenue | $225 | $97 | $0 |
Total expenses | $17,312 | $14,058 | $13,381 |
Total net assets | $3,640 | $1,341 | $11,954 |
Excess/Deficit for the year | $2,842 | $-2,299 | $10,613 |
Net assets or fund balances at beginning of year | $798 | $3,640 | $1,341 |
Other changes in net assets or fund balances | $0 | $0 | $0 |
Net assets or fund balances at end of year | $1,341 | $11,954 |
Balance Sheets | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total assets | $4,479 | $8,127 | $12,619 |
Total liabilities | $839 | $6,786 | $665 |
Net assets or fund balances | $3,640 | $1,341 | $11,954 |
Other Information | |||
2011 | 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? | Yes | No | |
Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | 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 |
Gross receipts for public use of club facilities | $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 2013) | |
The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
Number of organizations supported | 0 |
Sum of amounts of support | $0 |
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
2009 - 2013 Total | |
---|---|
Public Support | $90,343 |
Subtotal Support | $176,685 |
Gifts, grants, contributions, and membership fees received | $176,685 |
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 |
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $86,342 |
Total Support | $181,487 |
Public Support | $176,685 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $265 |
Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
Other income. Do not include gain or loss from the sale of capital assets | $4,537 |
Gross receipts from related activities, etc. | $26,219 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Youth Music Project | 2015 8th Avenue, West Linn, OR 97068 | OR | 2013-09 | $1,427,846 |
2 | Willowbrook Center For The | PO BOX 3546, Tualatin, OR 97062-3546 | OR | 1979-02 | $521,794 |
3 | Oregon Music Education Association | PO BOX 924, Manzanita, OR 97130-0924 | OR | 2011-06 | $405,849 |
4 | Transformational Voice Institute | 5101 Se 17th Ave, Portland, OR 97202-4807 | OR | 2014-03 | $260,076 |
5 | Portland Child Art Studio | 1819 Nw Everett St Suite 204, Portland, OR 97209 | OR | 2013-01 | $47,458 |
6 | Tolovana Arts Colony | P O Box 65, Cannon Beach, OR 97110 | OR | 2007-08 | $39,522 |
7 | Oregon Arts Watch | 2146 Ne 14th Ave, Portland, OR 97212 | OR | 2012-11 | $36,842 |
8 | Portland Open Studios | PO BOX 31077, Portland, OR 97231-0077 | OR | 2013-03 | $34,689 |
9 | Children S Repertory Of Oregon Workshops Inc | 83455 S Cove Way, Florence, OR 97439-8365 | OR | 2014-08 | $34,441 |
10 | Wilson Area Arts Council | Po Box 80263, Portland, OR 97280-1263 | OR | 2006-05 | $14,249 |
11 | Free Arts Nw | Po Box 86692, Portland, OR 97286 | OR | 2011-09 | $12,292 |
12 | Sagebrushers Art Society Inc | 117 Sw Roosevelt Ave, Bend, OR 97702-1427 | OR | 2015-04 | $7,982 |
13 | Hua Yi Language & Art Academy | PO BOX 663, Corvallis, OR 97339-0663 | OR | 2014-01 | $6,500 |
14 | Chinquapin Center For The Arts | 2001 South Side Road, Grants Pass, OR 97527-8941 | OR | 2014-11 | $4,309 |
15 | Divine Darshan Nfp | 10125 Se Bob Schumacher Rd Apt 406, Happy Valley, OR 97086-7181 | OR | 2003-07 | $40 |
16 | Apollon Artists Corporation | 5325 Sw Oleson Rd, Portland, OR 97225-1107 | OR | 1994-07 | $0 |
17 | Art Conspiracy | 500 Ne Elm Ct, Sheridan, OR 97378 | OR | 2001-01 | $0 |
18 | Artist Mentorship Program | 6028 Se 91st Avenue, Portland, OR 97266 | OR | 2010-02 | $0 |
19 | Artmax Academy | PO BOX 2222, Beaverton, OR 97075 | OR | 2010-07 | $0 |
20 | Baren Forum Org Inc | 4440 Sw 198th Ave, Aloha, OR 97007-2339 | OR | 2006-10 | $0 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 2,818 |
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