Hot Rhythm Foundation in Austin, Texas (TX)
Table of contents:
| Hot Rhythm Foundation | |
| Employer Identification Number (EIN) | 455171078 |
| Name of Organization | Hot Rhythm Foundation |
| In Care of Name | Nikolaus Brauer |
| Address | 14801 Haley Hollow, Austin, TX 78728 |
| Website | http://www.hotrhythmfoundation.org |
| Subsection | Educational Organization |
| Ruling Date | 06/2014 |
| 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 | 2014 |
| Assets | $10,000 to $24,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $14,699 |
| Amount of Income | $19,997 |
| Form 990 Revenue Amount | $18,806 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts Council/Agency |
Non-representatives - add comments:
Amount of income in 2014: $19,997 (it was $18,806 in 2013)
| Hot Rhythm Foundation: | $19,997 |
| Other organizations performing similar types of work: | $76,375 |
Assets in 2014: $14,699 (it was $14,699 in 2013)
| Hot Rhythm Foundation: | $14,699 |
| Other organizations performing similar types of work: | $32,362 |
Expenses in 2013: $5,312
| Hot Rhythm Foundation: | $5,312 |
| Other organizations performing similar types of work: | $58,801 |
Income to expenses ratio in 2013: 3.8
| This organization: | 3.8 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 35.4%
| Hot Rhythm Foundation: | 35.4% |
| Other organizations performing similar types of work: | 43.1% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |
| 2013 | |
|---|---|
| Total revenue | $18,806 |
| Contributions, gifts, grants, and similar amounts received | $6,651 |
| Program service revenue including government fees and contracts | $10,493 |
| 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 | $1,662 |
| Gross income from gaming | $0 |
| Gross income from fundraising events | $2,853 |
| Less: direct expenses from gaming and fundraising events | $1,191 |
| Gross profit/loss from sales of inventory | $0 |
| Other revenue | $0 |
| Total expenses | $5,312 |
| Total net assets | $14,699 |
| Excess/Deficit for the year | $13,494 |
| Net assets or fund balances at beginning of year | $1,205 |
| Other changes in net assets or fund balances | $0 |
| Net assets or fund balances at end of year | $14,699 |
| Balance Sheets | |
| 2013 | |
|---|---|
| Total assets | $14,699 |
| Total liabilities | $0 |
| Net assets or fund balances | $14,699 |
| 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 | $44,219 |
| Subtotal | $44,219 |
| Gifts, grants, contributions, and membership fees received | $15,803 |
| 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 | $28,416 |
| 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 | $44,221 |
| Public support | $44,219 |
| Subtotal | $2 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $2 |
| 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 | Artist Foundation Of San Antonio | PO BOX 15797, San Antonio, TX 78212-8997 | TX | 2008-12 | $108,623 |
| 2 | Noblemotion Dance | 5741 Harriet St, Houston, TX 77023 | TX | 2010-10 | $91,492 |
| 3 | Spicewood Arts Society, Jackson Cynthia G Gen Ptr | PO BOX 533, Spicewood, TX 78669-0533 | TX | 2000-09 | $83,451 |
| 4 | Forney Arts Council | PO BOX 771, Forney, TX 75126-0771 | TX | 2014-09 | $51,506 |
| 5 | The Arts Initiative Inc | 4006 Barnes 2, Houston, TX 77007-5706 | TX | 2006-02 | $38,889 |
| 6 | Hot Rhythm Foundation | 14801 Haley Hollow, Austin, TX 78728 | TX | 2014-06 | $19,997 |
| 7 | Richardson Council Of The Arts, Richardson Arts Alliance | P O Box 832652, Richardson, TX 75083 | TX | 2014-08 | $16,058 |
| 8 | Performing Arts Association Of Weatherford | P O Box 1041, Weatherford, TX 76086 | TX | 2008-07 | $9,967 |
| 9 | Anderson County Arts Council | 322 E State Hwy 294, Elkhart, TX 75839 | TX | 2010-09 | $0 |
| 10 | Art Love Magic Inc | 2630 E Commerce, Dallas, TX 75226 | TX | 2012-09 | $0 |
| 11 | Art On Site Inc | PO BOX 370, Lipan, TX 76462-0370 | TX | 2000-07 | $0 |
| 12 | Artists Of The South Corridor | 2121 Windy Hill Rd, Kyle, TX 78640-4496 | TX | 2007-12 | $0 |
| 13 | Arts Action | 4202 Garrott St Apt 4, Houston, TX 77006-5534 | TX | 1999-07 | $0 |
| 14 | Arts Counsel Texas | PO BOX 130895 STE 1500, Dallas, TX 75313-0895 | TX | 2013-05 | $0 |
| 15 | Austin Poets International Inc, Austin International Poetry Festival | 1503a E 13th St, Austin, TX 78702 | TX | 1996-04 | $0 |
| 16 | Bishop Projects | 167 Payne Street, Dallas, TX 75207 | TX | 2011-11 | $0 |
| 17 | Bone Yard Art Park Inc | 444 Oak St, Graham, TX 76450-2522 | TX | 2002-07 | $0 |
| 18 | Burnet Cultural Arts Council Inc | PO BOX 1369, Burnet, TX 78611-7369 | TX | 2003-06 | $0 |
| 19 | Cass County Performing Arts Council Inc | Po Box 902, Atlanta, TX 75551 | TX | 2001-11 | $0 |
| 20 | Coldspring Area Art League | P O Box 1441, Coldspring, TX 77331 | TX | 2013-08 | $0 |
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