Monroe Area Council For The Arts in Madisonville, Tennessee (TN)
Table of contents:
| Monroe Area Council For The Arts | |
| Employer Identification Number (EIN) | 621615958 |
| Name of Organization | Monroe Area Council For The Arts |
| In Care of Name | Leonard R Peterson |
| Address | PO BOX 491, Madisonville, TN 37354-0491 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Cultural performances |
| Subsection | Charitable Organization |
| Ruling Date | 03/1997 |
| 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 | $10,000 to $24,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $12,439 |
| Amount of Income | $108,260 |
| Form 990 Revenue Amount | $108,260 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts Council/Agency |
Non-representatives - add comments:
Amount of income in 2014: $108,260 (it was $100,762 in 2013)
| Monroe Area Council For The Arts: | $108,260 |
| Other organizations performing similar types of work: | $208,353 |
Assets in 2014: $12,439 (it was $10,464 in 2013)
| Monroe Area Council For The Arts: | $12,439 |
| Other organizations performing similar types of work: | $223,826 |
Expenses in 2014: $106,285
| This organization: | $106,285 |
| Other organizations performing similar types of work: | $198,715 |
Income to expenses ratio in 2014: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2014: 57.3%
| Monroe Area Council For The Arts: | 57.3% |
| 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 | $111,292 | $100,762 | $108,260 |
| Contributions, gifts, grants, and similar amounts received | $66,664 | $57,290 | $62,057 |
| Program service revenue including government fees and contracts | $44,628 | $43,472 | $46,203 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| 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 | $122,962 | $112,821 | $106,285 |
| Total net assets | $22,523 | $10,464 | $12,439 |
| Excess/Deficit for the year | $-11,670 | $-12,059 | $1,975 |
| Net assets or fund balances at beginning of year | $34,193 | $22,523 | $10,464 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $10,464 | $12,439 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $22,523 | $10,464 | $12,439 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $22,523 | $10,464 | $12,439 |
| 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: (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 | $667,350 |
| Subtotal | $559,390 |
| Gifts, grants, contributions, and membership fees received | $300,800 |
| 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 | $258,590 |
| 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 | $667,350 |
| Public support | $667,350 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 | Arts Memphis | 575 S Mendenhall Rd, Memphis, TN 38117-4215 | TN | 1967-09 | $8,233,787 |
| 2 | Walton Arts Center Council Inc | PO BOX 3547, Fayetteville, AR 72702-3547 | AR | 1988-08 | $16,571,540 |
| 3 | Shreveport Regional Arts Council | 801 Crockett St, Shreveport, LA 71101-3435 | LA | 1977-03 | $4,297,085 |
| 4 | Western States Arts Federation | 1743 Wazee St Ste 300, Denver, CO 80202-1280 | CO | 1973-02 | $3,845,732 |
| 5 | The Art League Inc | 105 N Union St, Alexandria, VA 22314-3217 | VA | 1971-10 | $3,525,869 |
| 6 | Vermont Council On The Arts Inc, Vermont Arts Council | 136 State St, Montpelier, VT 05633-0001 | VT | 1967-04 | $1,849,495 |
| 7 | Texarkana Regional Arts & Humanities Council Inc | PO BOX 1171, Texarkana, TX 75504-1171 | TX | 1978-06 | $1,443,697 |
| 8 | United Arts Council Of Raleigh And Wake County Inc | 410 Glenwood Ave Ste 170, Raleigh, NC 27603-1292 | NC | 1966-05 | $1,366,249 |
| 9 | 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 |
| 10 | The Arts Center Of The Capital Region | 265 River St, Troy, NY 12180-3215 | NY | 1966-05 | $1,165,700 |
| 11 | Rockport Art Association Inc | 902 Navigation Cir, Rockport, TX 78382-2780 | TX | 1972-07 | $828,439 |
| 12 | Tucson-Pima Arts Council Inc | 100 N Stone Ave Ste 303, Tucson, AZ 85701-1514 | AZ | 1985-05 | $804,117 |
| 13 | Tibbits Opera Foundation And Arts Council Inc | 14 S Hanchett St, Coldwater, MI 49036-1907 | MI | 1965-10 | $609,852 |
| 14 | The Arts Council For Chautauqua County Inc | 116 E 3rd St, Jamestown, NY 14701-5402 | NY | 1973-01 | $446,393 |
| 15 | The Greater Jackson Arts Council | PO BOX 17, Jackson, MS 39205-0017 | MS | 1981-01 | $432,992 |
| 16 | Valley Performing Arts Council | PO BOX 71, Kingsburg, CA 93631-0071 | CA | 1998-03 | $278,284 |
| 17 | Monroe Area Council For The Arts | PO BOX 491, Madisonville, TN 37354-0491 | TN | 1997-03 | $108,260 |
| 18 | Manchester Municipal Arts Commission | PO BOX 773, Manchester, TN 37349-0773 | TN | 1997-05 | $85,863 |
| 19 | Maury County Arts Guild, Center For The Arts | PO BOX 676, Columbia, TN 38401 | TN | 1973-01 | $8,851 |
| 20 | Parthenon Prize Inc | 2116 Hobbs Rd Ste M-14, Nashville, TN 37215-3337 | TN | 2008-10 | $420 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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