Yankton Area Arts Association in Yankton, South Dakota (SD)
Table of contents:
| Yankton Area Arts Association | |
| Employer Identification Number (EIN) | 510172432 |
| Name of Organization | Yankton Area Arts Association |
| Address | 508 Douglas Ave, Yankton, SD 57078-4031 |
| Activities | Cultural performances, Art exhibit |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 12/1975 |
| 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 | $204,185 |
| Amount of Income | $102,713 |
| Form 990 Revenue Amount | $102,412 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts Council/Agency |
Non-representatives - add comments:
Amount of income in 2014: $102,713 (it was $97,396 in 2013)
| This organization: | $102,713 |
| Other organizations performing similar types of work: | $208,353 |
Assets in 2014: $204,185 (it was $214,303 in 2013)
| This organization: | $204,185 |
| Other organizations performing similar types of work: | $223,826 |
Expenses in 2014: $112,336
| Yankton Area Arts Association: | $112,336 |
| Other organizations performing similar types of work: | $198,715 |
Income to expenses ratio in 2014: 0.9
| This organization: | 0.9 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2014: 21.2%
| This organization: | 21.2% |
| Other organizations performing similar types of work: | 77.7% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $81,461 | $91,841 | $102,412 |
| Contributions, gifts, grants, and similar amounts received | $16,773 | $15,939 | $21,725 |
| Program service revenue including government fees and contracts | $42,896 | $46,690 | $56,836 |
| Membership dues and assessments | $21,493 | $13,419 | $14,480 |
| Investment income | $299 | $273 | $197 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $15,520 | $9,174 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $0 | $21,075 | $9,475 |
| Less: direct expenses from gaming and fundraising events | $0 | $5,555 | $301 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $86,855 | $99,146 | $112,336 |
| Total net assets | $221,321 | $214,015 | $204,092 |
| Excess/Deficit for the year | $-5,394 | $-7,305 | $-9,924 |
| Net assets or fund balances at beginning of year | $226,715 | $221,320 | $214,016 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $214,015 | $204,092 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $221,529 | $214,303 | $204,185 |
| Total liabilities | $208 | $288 | $93 |
| Net assets or fund balances | $221,321 | $214,015 | $204,092 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| 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 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 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $224,536 |
| Subtotal Support | $224,536 |
| Gifts, grants, contributions, and membership fees received | $224,536 |
| 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 | $226,087 |
| Public Support | $224,536 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,451 |
| 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 | $100 |
| Gross receipts from related activities, etc. | $242,987 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Walton Arts Center Council Inc | PO BOX 3547, Fayetteville, AR 72702-3547 | AR | 1988-08 | $16,571,540 |
| 2 | Shreveport Regional Arts Council | 801 Crockett St, Shreveport, LA 71101-3435 | LA | 1977-03 | $4,297,085 |
| 3 | Western States Arts Federation | 1743 Wazee St Ste 300, Denver, CO 80202-1280 | CO | 1973-02 | $3,845,732 |
| 4 | The Art League Inc | 105 N Union St, Alexandria, VA 22314-3217 | VA | 1971-10 | $3,525,869 |
| 5 | Vermont Council On The Arts Inc, Vermont Arts Council | 136 State St, Montpelier, VT 05633-0001 | VT | 1967-04 | $1,849,495 |
| 6 | Texarkana Regional Arts & Humanities Council Inc | PO BOX 1171, Texarkana, TX 75504-1171 | TX | 1978-06 | $1,443,697 |
| 7 | United Arts Council Of Raleigh And Wake County Inc | 410 Glenwood Ave Ste 170, Raleigh, NC 27603-1292 | NC | 1966-05 | $1,366,249 |
| 8 | United Arts Council Of Greater Greensboro Inc | 200 N Davie Street Ste 201 Box 5, Greensboro, NC 27401-2865 | NC | 1962-09 | $1,302,409 |
| 9 | The Arts Center Of The Capital Region | 265 River St, Troy, NY 12180-3215 | NY | 1966-05 | $1,165,700 |
| 10 | Rockport Art Association Inc | 902 Navigation Cir, Rockport, TX 78382-2780 | TX | 1972-07 | $828,439 |
| 11 | Tucson-Pima Arts Council Inc | 100 N Stone Ave Ste 303, Tucson, AZ 85701-1514 | AZ | 1985-05 | $804,117 |
| 12 | Tibbits Opera Foundation And Arts Council Inc | 14 S Hanchett St, Coldwater, MI 49036-1907 | MI | 1965-10 | $609,852 |
| 13 | The Arts Council For Chautauqua County Inc | 116 E 3rd St, Jamestown, NY 14701-5402 | NY | 1973-01 | $446,393 |
| 14 | The Greater Jackson Arts Council | PO BOX 17, Jackson, MS 39205-0017 | MS | 1981-01 | $432,992 |
| 15 | Valley Performing Arts Council | PO BOX 71, Kingsburg, CA 93631-0071 | CA | 1998-03 | $278,284 |
| 16 | Hawaii Academy Of Performing Arts | 1159 Nuuanu Ave, Honolulu, HI 96717 | HI | 1999-03 | $248,638 |
| 17 | Shoreline Arts Alliance Inc | 725 Boston Post Road, Guilford, CT 06437-2736 | CT | 1980-11 | $208,353 |
| 18 | Santa Cruz Art League Inc | 526 Broadway, Santa Cruz, CA 95060-4622 | CA | 1949-10 | $197,713 |
| 19 | Yankton Area Arts Association | 508 Douglas Ave, Yankton, SD 57078-4031 | SD | 1975-12 | $102,713 |
| 20 | Brookings Summer Folk Arts Festival Inc | PO BOX 4, Brookings, SD 57006-0004 | SD | 1999-07 | $70,044 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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