Thumbs Up Inc in Beaufort, South Carolina (SC)
Table of contents:
| Thumbs Up Inc | |
| Employer Identification Number (EIN) | 571025876 |
| Name of Organization | Thumbs Up Inc |
| In Care of Name | Shelia T Cole |
| Address | 914 Hamar St, Beaufort, SC 29902-4436 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Other instruction and training |
| Subsection | Educational Organization |
| Ruling Date | 01/1996 |
| 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 | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $190,472 |
| Amount of Income | $120,352 |
| Form 990 Revenue Amount | $120,352 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts Education |
Non-representatives - add comments:
Amount of income in 2014: $120,352 (it was $71,327 in 2013)
| This organization: | $120,352 |
| Other organizations performing similar types of work: | $63,694 |
Assets in 2014: $190,472 (it was $117,448 in 2013)
| Thumbs Up Inc: | $190,472 |
| Other organizations performing similar types of work: | $22,158 |
Expenses in 2013: $-21,644
| This organization: | $-21,644 |
| Other organizations performing similar types of work: | $58,738 |
Income to expenses ratio in 2013: -5.6
| This organization: | -5.6 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 99.8%
| This organization: | 99.8% |
| Other organizations performing similar types of work: | 72.3% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $77,643 | $71,327 |
| Contributions, gifts, grants, and similar amounts received | $77,407 | $71,181 |
| Program service revenue including government fees and contracts | $0 | $0 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $236 | $146 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $0 | $0 |
| Total expenses | $93,656 | $-21,644 |
| Total net assets | $186,869 | $114,674 |
| Excess/Deficit for the year | $-16,013 | $92,971 |
| Net assets or fund balances at beginning of year | $202,882 | $21,703 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $279,840 | |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $189,015 | $117,448 |
| Total liabilities | $2,146 | $2,774 |
| Net assets or fund balances | $186,869 | $114,674 |
| Other Information | ||
| 2012 | 2013 | |
|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | |
| Were any significant changes made to the organizing or governing documents? | 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 | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | |
| Amount of political expenditures, direct or indirect | $0 | |
| Did the organization file Form 1120-POL for this year? | 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 | |
| Total amount involved | $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 | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | 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 | $368,401 |
| Subtotal Support | $368,401 |
| Gifts, grants, contributions, and membership fees received | $368,401 |
| 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 | $0 |
| Total Support | $379,980 |
| Public Support | $368,401 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $11,579 |
| 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 | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Oklahoma Arts Institute Foundation | 111 Nw 9th St, Oklahoma City, OK 73102-5808 | OK | 2014-08 | $6,710,084 |
| 2 | Upstate Center For The Arts, The Arts Center | 212 Butler St, Clemson, SC 29631-1516 | SC | 2006-06 | $199,955 |
| 3 | Thumbs Up Inc | 914 Hamar St, Beaufort, SC 29902-4436 | SC | 1996-01 | $120,352 |
| 4 | Active Expressions Art Academy | PO BOX 412, Fairforest, SC 29336 | SC | 2014-08 | $0 |
| 5 | Arthur Rose Foundation Inc | 385 Boulevard Ne, Orangeburg, SC 29115 | SC | 2004-06 | $0 |
| 6 | Association Of Traditional Hooking Artists, Bugs In A Rug | 3494 River Rd, Johns Island, SC 29455-8820 | SC | 2004-11 | $0 |
| 7 | Association Of Traditional Hooking Artists, Carolina Wrens | 1 Jervey Rd, Greenville, SC 29609-1313 | SC | 2004-11 | $0 |
| 8 | Blair College Of Art | 2592 Buckhead Rd, Blair, SC 29015-9797 | SC | 2015-03 | $0 |
| 9 | Blue Wall Group | Po Box 45, Slater, SC 29658 | SC | 2013-06 | $0 |
| 10 | Creative Ministries International Inc | 212 Rockcrest Dr, Taylors, SC 29687-5409 | SC | 2001-11 | $0 |
| 11 | Digital Reality Education Arts And Media | 105 Arborgate Cir, Columbia, SC 29212-2421 | SC | 2014-08 | $0 |
| 12 | Edgefield Regional Arts | 204 Augusta Road, Edgefield, SC 29824 | SC | 2009-07 | $0 |
| 13 | Enlightened Visions | 869 Sea Island Pkwy, St Helena Island, SC 29920-3903 | SC | 2002-02 | $0 |
| 14 | Fort Mill Art Guild | 1750 Hwy 160 West 101-145, Fort Mill, SC 29708 | SC | 2008-11 | $0 |
| 15 | Greenville Center For Creative Arts | 10 Airport Road Ext, Greenville, SC 29607-2633 | SC | 2015-03 | $0 |
| 16 | Logan Lap Quilters Of Metropolitan Columbia South Carolina Inc | 1650 Park Cir, Columbia, SC 29201-4136 | SC | 2014-06 | $0 |
| 17 | Lowcountry Initiative For The Literary Arts, Lila | 13 Radcliffe Pl, Charleston, SC 29403-6147 | SC | 2015-02 | $0 |
| 18 | Palmetto Advocates For Palmetto Arts | One South Main Street, Denmark, SC 29042 | SC | 2011-10 | $0 |
| 19 | Positive Expressions | 160 N Dogwood Avenue, Ridgeway, SC 29130 | SC | 2005-11 | $0 |
| 20 | Suzuki Association Of South Carolina Inc | 6 Bergamot Court, Taylors, SC 29687 | SC | 1986-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,818 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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