Kollective Talent Foundation in Chester, Pennsylvania (PA)
Table of contents:
| Kollective Talent Foundation | |
| Employer Identification Number (EIN) | 272867557 |
| Name of Organization | Kollective Talent Foundation |
| In Care of Name | Karla N Gray |
| Address | 2300 W 4th St Ste E200, Chester, PA 19013-2552 |
| Subsection | Educational Organization |
| Ruling Date | 08/2011 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $2,913 |
| Amount of Income | $33,658 |
| Form 990 Revenue Amount | $30,396 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Performing Arts Schools |
Non-representatives - add comments:
Amount of income in 2012: $33,658 (it was $37,448 in 2011)
| This organization: | $33,658 |
| Other organizations performing similar types of work: | $109,191 |
Assets in 2012: $2,913 (it was $605 in 2011)
| This organization: | $2,913 |
| Other organizations performing similar types of work: | $19,744 |
Expenses in 2012: $28,088
| This organization: | $28,088 |
| Other organizations performing similar types of work: | $103,372 |
Income to expenses ratio in 2012: 1.2
| This organization: | 1.2 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 4.9%
| This organization: | 4.9% |
| Other organizations performing similar types of work: | 12.0% |
Revenue for 2012
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012) | |
| Total revenue | $30,396 |
| Contributions, gifts, grants, and similar amounts received | $1,500 |
| Program service revenue including government fees and contracts | $4,230 |
| Membership dues and assessments | $22,928 |
| Investment income | $0 |
| Gain from sale of assets other than inventory | $0 |
| Net income from gaming and fundraising events | $1,738 |
| Gross income from gaming | $0 |
| Gross income from fundraising events | $5,000 |
| Less: direct expenses from gaming and fundraising events | $3,262 |
| Gross profit from sales of inventory | $0 |
| Other revenue | $0 |
| Total expenses | $28,088 |
| Total net assets | $2,913 |
| Excess for the year | $2,307 |
| Net assets or fund balances at beginning of year | $606 |
| Other changes in net assets or fund balances | $0 |
| Balance Sheets (for 2012) | |
| Total assets | $2,913 |
| Total liabilities | $0 |
| Net assets or fund balances | $2,913 |
| Other Information (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | Yes |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| 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 | $69,257 |
| Gifts, grants, contributions, and membership fees received | $46,882 |
| 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 | $22,375 |
| 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 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Gelsey Kirkland Academy Of Classical Ballet | 400 Central Park West Suite 14, New York, NY 10025-5880 | NY | 2010-12 | $2,087,457 |
| 2 | Music Makers Foundation Inc, Boston String Quartet Vuk School Of Groove | 883 Cambridge Street, Cambridge, MA 02141 | MA | 2011-01 | $751,284 |
| 3 | Walden School | 31a 29th St, San Francisco, CA 94110-4910 | CA | 2010-05 | $667,393 |
| 4 | Woodlawn Arts Academy | 3807 Woodlawn Rd, Sterling, IL 61081-4218 | IL | 2011-12 | $592,946 |
| 5 | Sol-La Music Academy | 1812 Stanford St, Santa Monica, CA 90404-4118 | CA | 2009-05 | $581,182 |
| 6 | Velocity Dance Center | 1621 12th Ave, Seattle, WA 98122-8418 | WA | 2000-08 | $559,870 |
| 7 | Doylestown School Of Music And The Arts | 263 W Main St, Doylestown, PA 18901 | PA | 2002-10 | $545,129 |
| 8 | Spindrift School Of Performing Arts Inc | 1050 Crespi Dr, Pacifica, CA 94044-3513 | CA | 2003-08 | $520,306 |
| 9 | St Paul Conservatory Of Music | 26 Exchange St E Ste 500, Saint Paul, MN 55101-1695 | MN | 2001-07 | $463,748 |
| 10 | Arconet | 406 Dylan Dr, Lansdale, PA 19446 | PA | 2013-08 | $191,533 |
| 11 | State Street Academy Of Music At St Lawrence | 110 State St, Harrisburg, PA 17101-1024 | PA | 2004-04 | $160,773 |
| 12 | Kollective Talent Foundation | 2300 W 4th St Ste E200, Chester, PA 19013-2552 | PA | 2011-08 | $33,658 |
| 13 | Main Line Academy Of Music Inc | One Logan Square 130 N 18th St, Philadelphia, PA 19103 | PA | 1999-07 | $13,150 |
| 14 | Pottsville Area Music Endowment | 384 Center Ave, Schuykl Havn, PA 17972-1031 | PA | 2008-01 | $10,147 |
| 15 | Tania Isaac Dance | 4810 Trinity Place, Philadelphia, PA 19143 | PA | 2006-06 | $56 |
| 16 | Art Of Music & Dance Inc | Po Box 97, Wexford, PA 15090-0097 | PA | 2010-12 | $0 |
| 17 | Give The Gift Of Music Foundation | Po Box 56, Valley Forge, PA 19481 | PA | 2010-07 | $0 |
| 18 | Piano Dreams Inc Guy Gunkle, Dba Piano Dreams Inc | 1535 Northampton Street Room/Suite B, Easton, PA 18042 | PA | 2002-02 | $0 |
| 19 | Swingalongs Dance Club Inc | 1172 Emma Lane, Warminster, PA 18974 | PA | 2004-10 | $0 |
| 20 | W E Martin Production Company | 2040 Cecil B Moore Ave, Philadelphia, PA 19121-4012 | PA | 2006-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 353 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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