Philadelphia Water Color Society in Media, Pennsylvania (PA)

Philadelphia Water Color Society
Employer Identification Number (EIN)	236251696
Name of Organization	Philadelphia Water Color Society
Address	7 Lafayette Cir, Media, PA 19063-5207
Activities	Discussion groups, forums, panels lectures, etc.
Subsection	Charitable Organization
Ruling Date	03/1988
Deductibility	Contributions are deductible
Foundation	Organization which receives a substantial part of its support from a governmental unit or the general public
Organization	Association
Exempt Organization Status	Unconditional Exemption
Tax Period	06/2014
Assets	$100,000 to $499,999
Income	$25,000 to $99,999
Filing Requirement	990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount	$168,648
Amount of Income	$34,557
Form 990 Revenue Amount	$34,557
National Taxonomy of Exempt Entities (NTEE)	Arts, Culture and Humanities:

Non-representatives - add comments:

Amount of income in 2014: $34,557 (it was $28,641 in 2013)

Philadelphia Water Color Society:	$34,557
Other organizations performing similar types of work:	$53,891

Assets in 2014: $168,648 (it was $156,111 in 2013)

This organization:	$168,648
Other organizations performing similar types of work:	$168,648

Expenses in 2014: $29,697

This organization:	$29,697
Other organizations performing similar types of work:	$49,295

Income to expenses ratio in 2014: 1.2

Philadelphia Water Color Society:	1.2
Other organizations performing similar types of work:	1.1

Grants share in income in 2014: 32.1%

Philadelphia Water Color Society:	32.1%
Other organizations performing similar types of work:	32.1%

Financial snapshot ($)

Revenue for 2014

Support schedule

	2012	2013	2014
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$30,699	$28,641	$34,557
Contributions, gifts, grants, and similar amounts received	$6,695	$8,410	$11,100
Program service revenue including government fees and contracts	$6,276	$4,577	$5,545
Membership dues and assessments	$16,375	$15,330	$16,755
Investment income	$1,353	$324	$1,157
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	$0	$0	$0
Total expenses	$25,997	$31,789	$29,697
Total net assets	$148,103	$144,955	$152,989
Excess/Deficit for the year	$4,702	$-3,148	$4,860
Net assets or fund balances at beginning of year	$143,401	$148,103	$144,955
Other changes in net assets or fund balances	$0	$0	$3,174
Net assets or fund balances at end of year		$144,955	$152,989

	2012	2013	2014
Balance Sheets
Total assets	$158,078	$156,111	$168,648
Total liabilities	$9,975	$11,156	$15,659
Net assets or fund balances	$148,103	$144,955	$152,989

	2012	2013	2014
Other Information
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	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 2014)
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

	2010 - 2014 Total
Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014)
Public support	$148,869
Subtotal	$154,944
Gifts, grants, contributions, and membership fees received	$124,030
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	$30,914
Gross receipts from activities that are not an unrelated trade or business under section 513	$0
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	$6,075
Amounts received from disqualified persons	$6,075
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support	$0
Total support	$160,922
Public support	$154,944
Subtotal	$5,978
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources	$5,978
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	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Kiki Kogelnik Foundation	330 Lafayette Street No 7, New York, NY 10012-2739	NY	1997-05	$797,085
2	American Watercolor Society Inc	47 5th Ave, New York, NY 10003-4679	NY	1960-01	$624,536
3	Transparent Watercolor Society Of America, Midwest Watercolor Society	249 E Us Rte 6 209, Morris, IL 60450	IL	1976-09	$96,336
4	Cedar Key Arts Center Inc	Po Box 949, Cedar Key, FL 32625	FL	1995-04	$69,171
5	Painting Group Inc	231 W 29th St Rm 305, New York, NY 10001-5551	NY	1992-08	$53,891
6	Miami Art Club	4227 Sw 75 Ave, Miami, FL 33155	FL	1990-07	$43,180
7	Hamiliton County Artist Association Inc	195 S 5th St, Noblesville, IN 46060-2504	IN	1993-10	$39,428
8	Philadelphia Water Color Society	7 Lafayette Cir, Media, PA 19063-5207	PA	1988-03	$34,557
9	Annapolis Watercolor Club Inc	1 Pennsylvania Ave, Edgewater, MD 21037	MD	1998-03	$6,306
10	Ann Arbor Women Painters, Ann Arbor Women Artists	2958 Birch Hollow Drive 2a, Ann Arbor, MI 48108	MI	1992-09	$0
11	Kansas Art Guild Inc	15 N Grand Mere Ct, Wichita, KS 67230	KS	1995-06	$0
12	Nevada Watercolor Society	Po Box 27224, Las Vegas, NV 89126	NV	1996-07	$0
13	Rockwell Society Of America	PO BOX 8394, Sleepy Hollow, NY 10591-8394	NY	1985-06	$0
14	Westhaven Artists And Crafters	PO BOX 2094, Trinidad, CA 95570-2094	CA	1997-01	$0

Number of organizations performing similar types of work

California	1
Florida	2
Illinois	1
Indiana	1
Kansas	1

Maryland	1
Michigan	1
Nevada	1
New York	4
Pennsylvania	1

Total

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