South Carolina Arts Foundation 1989 in Columbia, South Carolina (SC)
| South Carolina Arts Foundation 1989 |
| Employer Identification Number (EIN) | 570892045 |
| Name of Organization | South Carolina Arts Foundation 1989 |
| Address | 1026 Sumter Street Suite 200, Columbia, SC 29201-3746 |
| Activities | Other cultural or historical activities |
| Subsection | Charitable Organization |
| Ruling Date | 04/1992 |
| 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 | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $235,231 |
| Amount of Income | $90,257 |
| Form 990 Revenue Amount | $90,257 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts Council/Agency |
Amount of income in 2014: $90,257 (it was $126,434 in 2013)
| This organization: | $90,257 |
| Other organizations performing similar types of work: | $77,353 |
Assets in 2014: $235,231 (it was $271,242 in 2013)
| South Carolina Arts Foundation 1989: | $235,231 |
| Other organizations performing similar types of work: | $235,231 |
Expenses in 2014: $126,268
| South Carolina Arts Foundation 1989: | $126,268 |
| Other organizations performing similar types of work: | $34,060 |
Income to expenses ratio in 2014: 0.7
| This organization: | 0.7 |
| Other organizations performing similar types of work: | 1.7 |
Grants share in income in 2014: 99.8%
| South Carolina Arts Foundation 1989: | 99.8% |
| Other organizations performing similar types of work: | 99.8% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances |
| 2012 | 2013 | 2014 |
|---|
| Total revenue | $115,809 | $126,434 | $90,257 |
| Contributions, gifts, grants, and similar amounts received | $115,542 | $126,208 | $90,098 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $267 | $226 | $159 |
| 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 | $138,074 | $110,889 | $126,268 |
| Total net assets | $255,697 | $271,242 | $235,231 |
| Excess/Deficit for the year | $-22,265 | $15,545 | $-36,011 |
| Net assets or fund balances at beginning of year | $277,962 | $255,697 | $271,242 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | | $271,242 | $235,231 |
| Balance Sheets |
| 2012 | 2013 | 2014 |
|---|
| Total assets | $255,697 | $271,242 | $235,231 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $255,697 | $271,242 | $235,231 |
| 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 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014) |
| 2010 - 2014 Total |
|---|
| Public support | $595,736 |
| Subtotal | $595,736 |
| Gifts, grants, contributions, and membership fees received | $595,736 |
| 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 | $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 | $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 | $598,880 |
| Public support | $595,736 |
| Subtotal | $3,144 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $3,144 |
| 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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| Organizations performing similar types of work |
| Id | Name | Address | State | Established | Total Income |
|---|
| 1 | Illinois Arts Council Foundation | 100 W Randolph St Ste 10-500, Chicago, IL 60601-3230 | IL | 1967-07 | $359 |
| 2 | South Carolina Arts Foundation 1989 | 1026 Sumter Street Suite 200, Columbia, SC 29201-3746 | SC | 1992-04 | $90,257 |
| 3 | Sarafian Foundation, Harvey Francis J Jr Ttee | 320 W End Ave Apt 6b, New York, NY 10023-8115 | NY | 1996-02 | $77,353 |
| 4 | Hill Country Arts Foundation Endowment Trust | 6100 Colwell Blvd Ste 250, Irving, TX 75039-3232 | TX | 1978-12 | $58,501 |
| 5 | Dallas Arts District Foundation | 750 N St Paul, Dallas, TX 75201 | TX | 1984-08 | $0 |
| 6 | Friends Of The Arts In Upper Arlington, Ua Arts | Po Box 21483, Columbus, OH 43221 | OH | 1992-09 | $0 |
| Number of organizations performing similar types of work |
| Illinois | 1 |
| New York | 1 |
| Ohio | 1 |
| |
| Total | 6 |
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