Valley Fest Inc in Dunlap, Tennessee (TN)
Table of contents:
Valley Fest Inc | |
Employer Identification Number (EIN) | 275044333 |
Name of Organization | Valley Fest Inc |
In Care of Name | Winston Pickett |
Address | 15643 Rankin Ave, Dunlap, TN 37327 |
Website | http://valleyfestonline.com |
Subsection | Educational Organization |
Ruling Date | 05/2011 |
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 | 2011 |
Assets | $25,000 to $99,999 |
Income | $25,000 to $99,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $26,474 |
Amount of Income | $65,999 |
Form 990 Revenue Amount | $22,764 |
National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Cultural, Ethnic Awareness |
Non-representatives - add comments:
Amount of income in 2011: $65,999 (it was $54,365 in 2013)
Valley Fest Inc: | $65,999 |
Other organizations performing similar types of work: | $43,086 |
Assets in 2011: $26,474 (it was $23,212 in 2013)
This organization: | $26,474 |
Other organizations performing similar types of work: | $17,937 |
Expenses in 2013: $0
Valley Fest Inc: | $0 |
Other organizations performing similar types of work: | $32,859 |
Grants share in income in 2013: 73.9%
Valley Fest Inc: | 73.9% |
Other organizations performing similar types of work: | 78.0% |
Revenue for 2013
Support schedule
Revenue, Expenses, and Changes in Net Assets or Fund Balances | |
2013 | |
---|---|
Total revenue | $22,802 |
Contributions, gifts, grants, and similar amounts received | $16,850 |
Program service revenue including government fees and contracts | $0 |
Membership dues and assessments | $0 |
Investment income | $0 |
Gain/Loss from sale of assets other than inventory | $0 |
Net income/loss from gaming and fundraising events | $5,952 |
Gross income from gaming | $0 |
Gross income from fundraising events | $37,515 |
Less: direct expenses from gaming and fundraising events | $31,563 |
Gross profit/loss from sales of inventory | $0 |
Other revenue | $0 |
Total expenses | $0 |
Total net assets | $23,212 |
Excess/Deficit for the year | $22,802 |
Net assets or fund balances at beginning of year | $410 |
Other changes in net assets or fund balances | $0 |
Net assets or fund balances at end of year | $23,212 |
Balance Sheets | |
2013 | |
---|---|
Total assets | $23,212 |
Total liabilities | $0 |
Net assets or fund balances | $23,212 |
Other Information | |
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 |
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 |
Gross receipts for public use of club facilities | $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: (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 2009 - 2013) | |
2009 - 2013 Total | |
---|---|
Public support | $0 |
Subtotal | $154,787 |
Gifts, grants, contributions, and membership fees received | $62,360 |
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 | $92,427 |
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 | $155,788 |
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 | $155,788 |
Public support | $155,788 |
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 | Salvadoran Alliance Of New York Inc, Sany | 303 Crooked Hill Rd, Brentwood, NY 11717-1022 | NY | 2007-12 | $81,900 |
2 | Nashville International Center For Empowerment | Gatluak Thach, Nashville, TN 37211 | TN | 2003-06 | $999,069 |
3 | New Times Center For Cultural Education Inc, Tennessee Falun Dafa Association Inc | 10010 Woodland Grove Dr, Lakeland, TN 38002 | TN | 2011-01 | $653,164 |
4 | Healthcare Industry User Group | 975 E 3rd St, Chattanooga, TN 37403-2147 | TN | 2012-01 | $529,232 |
5 | Society Of Universal Dialogue Inc, Knoxville Turkish Cultural Center | 5905 Weisbrook Ln Suite 2, Knoxville, TN 37909-1290 | TN | 2008-08 | $289,788 |
6 | Celebrate Nashville | 11205 Lebanon Rd, Mount Juliet, TN 37122-5545 | TN | 2011-08 | $90,231 |
7 | Pakistan Association Of Memphis | 533 Greywood Ln, Cordova, TN 38018 | TN | 2008-08 | $82,351 |
8 | Hispanic Chamber Of Commerce Of East Tennessee | PO BOX 31552, Knoxville, TN 37930-1552 | TN | 2014-08 | $73,491 |
9 | Traditional Music Resource Center Inc, Woop Fm Lp | 201 Keith Street Sw No 80, Cleveland, TN 37311 | TN | 2001-03 | $68,466 |
10 | Valley Fest Inc | 15643 Rankin Ave, Dunlap, TN 37327 | TN | 2011-05 | $65,999 |
11 | Memphis Arts Collective Partnership | P O Box 111407, Memphis, TN 38111-1148 | TN | 2010-06 | $41,298 |
12 | Casa De La Cultura Latino Americana | 51 Valeria St, Nashville, TN 37210-5033 | TN | 2014-05 | $32,972 |
13 | 42 Samaj Tennessee | 5704 Portsmouth Pl, Brentwood, TN 37027 | TN | 2011-06 | $28,576 |
14 | Tennessee Kurdish Community Council, Tkcc | 201 Thompson Ln Ste 104, Nashville, TN 37211-2465 | TN | 2010-02 | $17,400 |
15 | Memphis Kwanzaa International | 374 Nicollet Dr, Memphis, TN 38109 | TN | 2013-02 | $8,500 |
16 | Egbe Omo Yoruba Association Of Tennessee | P O Box 111762, Nashville, TN 37222-1762 | TN | 2005-03 | $7,595 |
17 | Gbaalo Ogoni Of Memphis | 682 Lyman Avenue, Memphis, TN 38107 | TN | 2013-08 | $3,534 |
18 | Bangladesh Association Of Nashville Tennessee | 125 Aarons Cress Blvd, Hermitage, TN 37076-2615 | TN | 2008-12 | $2,925 |
19 | Turtle Island Native American Assoc | 1285 Locke Cuba, Millington, TN 38053 | TN | 2005-08 | $1,618 |
20 | Families With Children From China East Tn Inc | P O Box 27860, Knoxville, TN 37927 | TN | 2009-07 | $1,050 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 6,599 |
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