Lead Belly Foundation in Murfreesboro, Tennessee (TN)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Lead Belly Foundation | |
| Employer Identification Number (EIN) | 621458267 |
| Name of Organization | Lead Belly Foundation |
| Address | 2441 Q Old Fort Pkwy, Murfreesboro, TN 37128-4162 |
| Activities | Cultural performances |
| Subsection | Charitable Organization |
| Ruling Date | 04/1992 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $287,742 |
| Amount of Income | $241,212 |
| Form 990 Revenue Amount | $120,488 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: |
Non-representatives - add comments:
Amount of income in 2012: $241,212 (it was $120,488 in 2011)
| This organization: | $241,212 |
| Other organizations performing similar types of work: | $89,111 |
Assets in 2012: $287,742 (it was $314,107 in 2011)
| Lead Belly Foundation: | $287,742 |
| Other organizations performing similar types of work: | $41,802 |
Expenses in 2012: $145,291
| This organization: | $145,291 |
| Other organizations performing similar types of work: | $96,224 |
Income to expenses ratio in 2012: 1.7
| This organization: | 1.7 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 88.3%
| This organization: | 88.3% |
| Other organizations performing similar types of work: | 37.2% |
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $114,602 | $13,427 | $4,766 | |
| Contributions, gifts, grants, etc., received | $101,175 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $4,575 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $8,852 | |||
| Total expenses and disbursements | $145,291 | $148 | $148 | $104,980 |
| Compensation of officers, directors, trustees, etc. | $67,815 | |||
| Total operating and administrative expenses | $134,916 | $148 | $94,605 | |
| Contributions, gifts, grants paid | $10,375 | |||
| Excess of revenue over expenses and disbursements | $-30,689 | |||
| Net investment income | $13,279 | |||
| Adjusted net income | $4,618 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $287,742 | $290,967 |
| Cash - non-interest-bearing | $106,727 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $171,765 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $9,250 | |
| Total liabilities | $3,772 | |
| Mortgages and other notes payable | $0 | |
| Other | $3,772 | |
| Total liabilities and net assets/fund balances | $283,970 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $8,852 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $133 |
| Total credits and payments | $338 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $338 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $205 |
| Amount to be credited to 2013 estimated tax | $205 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $297,860 |
| Net value of noncharitable-use assets | $293,400 |
| Minimum investment return | $14,670 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Tennessee Association Of Craft Artists, Tennessee Craft | PO BOX 120066, Nashville, TN 37212-0066 | TN | 1979-02 | $425,463 |
| 2 | Teco Theatrical Productions Inc | 215 S Tyler St, Dallas, TX 75208-4934 | TX | 1995-03 | $308,805 |
| 3 | Lead Belly Foundation | 2441 Q Old Fort Pkwy, Murfreesboro, TN 37128-4162 | TN | 1992-04 | $241,212 |
| 4 | Country Dance And Song Society Inc, Lady Of The Lake Dance Camps | 2106 S Cherry Ln, Spokane, WA 99223-1009 | WA | 1993-05 | $112,851 |
| 5 | Stillwood Study Center | PO BOX 61, Palmyra, NY 14522-0061 | NY | 1989-03 | $110,463 |
| 6 | Nordic Fiddles And Feet | 4401 Alta Vista Way, Knoxville, TN 37919-7602 | TN | 1993-05 | $67,540 |
| 7 | The Oklahoma Folklife Council | PO BOX 20531, Oklahoma City, OK 73156-0531 | OK | 1988-12 | $65,576 |
| 8 | Storytelling Association Of Alta California | PO BOX 11891, Berkeley, CA 94701 | CA | 1996-06 | $45,785 |
| 9 | Country Dance & Song Society Inc, Folkations | 52 Wagon Rd, Asheville, NC 28805-2630 | NC | 1993-05 | $36,135 |
| 10 | Country Dance & Song Society Inc, Always On Sunday International Folk Dancers | 7 Hampton Lane, Bloomfield, CT 06002 | CT | 1993-05 | $9,436 |
| 11 | Schuylkill County Quilters Guild | PO BOX 85, Shuykl Haven, PA 17972-0085 | PA | 1991-02 | $8,427 |
| 12 | Acoustic Concerts Of Southern Utah | 31 North 700 E Ste 125, St George, UT 84770-3028 | UT | 1997-11 | $0 |
| 13 | African American Folk History Organization | 2211 Short Tenth Avenue, Beaver Falls, PA 15010 | PA | 1997-10 | $0 |
| 14 | Artisans Cooperative Inc | 100 Four Hills Corprte Cntr St 215, W Conshocken, PA 19428 | PA | 1974-03 | $0 |
| 15 | Arts After School Inc | 12 Park Hill Ave, Auburn, ME 04210-4335 | ME | 1995-02 | $0 |
| 16 | Associated Creative Artists | 2202 Executive Dr, Garland, TX 75041 | TX | 1972-12 | $0 |
| 17 | Boone Country Dancers | 782 Little Laurel Rd Ext, Boone, NC 28607 | NC | 1993-05 | $0 |
| 18 | Broken Arrow Indian Club | 605 E Mason Dr, Broken Arrow, OK 74012-5633 | OK | 1998-07 | $0 |
| 19 | Calhoun Arts And Heritage Council Inc | PO BOX 42, Chloe, WV 25235-0042 | WV | 1992-07 | $0 |
| 20 | International Folkloric Society Planning Council Inc, International Folkfest | 1316 East Main Street, Murfreesboro, TN 37130 | TN | 1987-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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