Academy Of Strings Foundation in Johnson City, Tennessee (TN)
Table of contents:
| Academy Of Strings Foundation | |
| Employer Identification Number (EIN) | 830459299 |
| Name of Organization | Academy Of Strings Foundation |
| In Care of Name | Timothy P Barrett |
| Address | PO BOX 3431, Johnson City, TN 37602-3431 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 09/2007 |
| 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 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $104,701 |
| Amount of Income | $30,118 |
| Form 990 Revenue Amount | $23,057 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2014: $30,118 (it was $50,350 in 2013)
| This organization: | $30,118 |
| Other organizations performing similar types of work: | $87,224 |
Assets in 2014: $104,701 (it was $96,416 in 2013)
| Academy Of Strings Foundation: | $104,701 |
| Other organizations performing similar types of work: | $49,265 |
Expenses in 2014: $14,772
| This organization: | $14,772 |
| Other organizations performing similar types of work: | $62,660 |
Income to expenses ratio in 2014: 2.0
| This organization: | 2.0 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2014: 63.9%
| This organization: | 63.9% |
| Other organizations performing similar types of work: | 17.1% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $28,427 | $26,834 | $23,057 | |
| Contributions, gifts, grants, and similar amounts received | $17,703 | $14,650 | $14,725 | |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | |
| Membership dues and assessments | $0 | $0 | $0 | |
| Investment income | $5 | $54 | $1 | |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | |
| Net income/loss from gaming and fundraising events | $8,568 | $10,637 | $10,693 | $8,320 |
| Gross income from gaming | $0 | $0 | $0 | $0 |
| Gross income from fundraising events | $41,241 | $32,806 | $15,148 | |
| Less: direct expenses from gaming and fundraising events | $30,604 | $22,113 | $6,828 | |
| Gross profit/loss from sales of inventory | $82 | $1,437 | $11 | |
| Gross sales of inventory, less returns and allowances | $116 | $2,840 | $244 | |
| Less: cost of goods sold | $34 | $1,403 | $233 | |
| Other revenue | $0 | $0 | $0 | |
| Total expenses | $10,855 | $6,622 | $14,772 | |
| Total net assets | $76,204 | $96,416 | $104,701 | |
| Excess/Deficit for the year | $17,572 | $20,212 | $8,285 | |
| Net assets or fund balances at beginning of year | $58,632 | $76,204 | $96,416 | |
| Other changes in net assets or fund balances | $0 | $0 | $0 | |
| Net assets or fund balances at end of year | $96,416 | $104,701 | ||
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $58,632 | $76,204 | $96,416 | $104,701 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $76,204 | $96,416 | $104,701 | |
| Other Information | ||||
| 2011 | 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 | $172,558 |
| Subtotal Support | $172,558 |
| Gifts, grants, contributions, and membership fees received | $172,558 |
| 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 | $174,268 |
| Public Support | $172,558 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $180 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $1,530 |
| 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 | Toledo Orchestra Association Inc | PO BOX 407, Toledo, OH 43697-0407 | OH | 1952-01 | $8,505,907 |
| 2 | Seattle Repertory Theatre Foundation | PO BOX 900923, Seattle, WA 98109-9723 | WA | 1996-07 | $6,115,566 |
| 3 | Maltz Jupiter Theatre Endowment | 1001 E Indiantown Rd, Jupiter, FL 33477-5110 | FL | 2011-06 | $5,391,942 |
| 4 | Adrienne Arsht Center Foundation Inc | 1300 Biscayne Boulevard, Miami, FL 33132 | FL | 2008-08 | $4,486,757 |
| 5 | The Miami Music Association Inc | 1444 Biscayne Blvd, Miami, FL 33132-1430 | FL | 2008-03 | $3,238,593 |
| 6 | Southwest Florida Symphony Endowment Foundation Inc | 12480 Brantley Commons Court, Fort Myers, FL 33907-5674 | FL | 2002-08 | $2,025,281 |
| 7 | Dallas Arts Development Corp, Sammons Center Endowment Corporation | 3630 Harry Hines Blvd, Dallas, TX 75219 | TX | 2004-06 | $1,896,580 |
| 8 | Western Stage Auxiliary Corporation | 156 Homestead Ave, Salinas, CA 93901-1628 | CA | 1992-06 | $1,006,115 |
| 9 | Trinity Booster Club | 747 N Church Rd Ste B1, Elmhurst, IL 60126-1440 | IL | 1998-05 | $863,980 |
| 10 | West Virginia Symphony Orchestra Foundation Inc | PO BOX 2292, Charleston, WV 25328-2292 | WV | 2009-01 | $569,010 |
| 11 | Seattle Girls Choir Guild | PO BOX 22388, Seattle, WA 98122-0388 | WA | 1982-12 | $428,316 |
| 12 | Southaven Band Boosters Inc | PO BOX 1975, Southaven, MS 38671-0023 | MS | 2005-10 | $213,984 |
| 13 | Summit High School Booster Club | 2855 Nw Clearwater Dr, Bend, OR 97701-9469 | OR | 2002-04 | $209,770 |
| 14 | The Anchorage Symphony Orchestra Endowment Foundation | 400 D St Ste 230, Anchorage, AK 99501-2342 | AK | 1999-03 | $202,056 |
| 15 | Lhs Blue Belle Booster Club | PO BOX 3484, Cedar Park, TX 78630-3484 | TX | 2009-03 | $201,425 |
| 16 | Theater Arts Group | 6712 Hollywood Blvd, Hollywood, CA 90028-4605 | CA | 2003-08 | $200,000 |
| 17 | Westmoore High School Band Boosters | 12613 S Western Ave, Oklahoma City, OK 73170-6903 | OK | 2004-03 | $183,503 |
| 18 | Academy Of Strings Foundation | PO BOX 3431, Johnson City, TN 37602-3431 | TN | 2007-09 | $30,118 |
| 19 | Arlington High School Friends Of Theatre | 5475 Airline Rd, Arlington, TN 38002 | TN | 2008-06 | $0 |
| 20 | Red Bank High School Band Boosters | 640 Morrison Springs Road, Red Bank, TN 37415 | TN | 2006-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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