Mineola League Of The Arts in Mineola, Texas (TX)
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
- Other organizations in Texas
| Mineola League Of The Arts | |
| Employer Identification Number (EIN) | 752298930 |
| Name of Organization | Mineola League Of The Arts |
| Address | 200 W Blair St, Mineola, TX 75773-1603 |
| Activities | Cultural performances |
| Subsection | Charitable Organization |
| Ruling Date | 04/1992 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $305,633 |
| Amount of Income | $59,899 |
| Form 990 Revenue Amount | $47,921 |
Non-representatives - add comments:
Revenue 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 | $78,361 | $197 | $985 | |
| Contributions, gifts, grants, etc., received | $74,876 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $2,500 | |||
| Gross profit from sales of goods | $985 | |||
| Gross sales less returns and allowances | $-673 | |||
| Less: Cost of goods sold | $1,658 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $92,688 | $0 | $0 | $550 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $92,688 | $0 | $550 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-14,327 | |||
| Net investment income | $197 | |||
| Adjusted net income | $985 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $288,620 | $230,939 |
| Cash - non-interest-bearing | $49,074 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $239,546 | |
| Total liabilities | $223 | |
| Mortgages and other notes payable | $0 | |
| Other | $223 | |
| Total liabilities and net assets/fund balances | $288,397 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 | $2 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $2 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| 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? | Yes |
| 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 | $54,075 |
| Net value of noncharitable-use assets | $5,080 |
| Minimum investment return | $254 |
| 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 | $254 | $254 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $1 | $0 | $0 | $0 | $1 |
| 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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| Other organizations in Texas | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Mims Volunteer Fire Dept | 12728 Fm 729, Avinger, TX 75630-8470 | TX | 1997-03 | $154,880 |
| 2 | Mims Water Supply Corporation | 12688 Fm 729, Avinger, TX 75630-2410 | TX | 1990-06 | $430,292 |
| 3 | Mind Brain Body And Health Initiative | 2200 Market St Ste 400, Galveston, TX 77550-1532 | TX | 2001-04 | $1 |
| 4 | Mind Science Foundation | 117 W El Prado Dr, San Antonio, TX 78212-2024 | TX | 1960-08 | $558,893 |
| 5 | Minden-Brachfield Water Supply Corporation | PO BOX 136, Minden, TX 75680-0136 | TX | 1983-01 | $293,928 |
| 6 | Mineola Caring & Sharing Inc | 101 E Broad St, Mineola, TX 75773-2001 | TX | 1996-02 | $25,088 |
| 7 | Mineola Chamber Of Commerce | PO BOX 68, Mineola, TX 75773-0068 | TX | 1948-03 | $75,485 |
| 8 | Mineola Country Club | 975 W Loop 564, Mineola, TX 75773-3036 | TX | $456,254 | |
| 9 | Mineola Foundation Inc | PO BOX 68, Mineola, TX 75773-0068 | TX | 2002-05 | $659 |
| 10 | Mineola Kindness Kottage Inc | 119 N Johnson St, Mineola, TX 75773-2010 | TX | 1987-11 | $166,172 |
| 11 | Mineola League Of The Arts | 200 W Blair St, Mineola, TX 75773-1603 | TX | 1992-04 | $59,899 |
| 12 | Mineola Memorial Library Inc | 301 N Pacific St, Mineola, TX 75773-1711 | TX | 1980-02 | $500,294 |
| 13 | Mineola United Way Trust | 242 Sue Ln, Mineola, TX 75773-1332 | TX | 1989-09 | $877 |
| 14 | Mineola Volunteer Fire Department Trust | PO BOX 179, Mineola, TX 75773-0179 | TX | 1989-09 | $36,518 |
| 15 | Mineola Youth Foundation Inc | PO BOX 61, Mineola, TX 75773-0061 | TX | 1967-03 | $201,247 |
| 16 | Mineoola Volunteer Fire Department | PO BOX 179, Mineola, TX 75773-0179 | TX | 1989-06 | $79,274 |
| 17 | Mineral Wells Area Chamber Of Commerce | PO BOX 1408, Mineral Wells, TX 76068-1408 | TX | 1944-05 | $479,663 |
| 18 | Mineral Wells High School Project Graduation Inc | 3801 Ram Blvd, Mineral Wells, TX 76067-9117 | TX | 1997-03 | $61,881 |
| 19 | Mineral Wells Industrial Foundation Inc | PO BOX 1098, Mineral Wells, TX 76068-1098 | TX | 1966-12 | $186,520 |
| 20 | Mineral Wells Ram Band Fan Club Inc | Po Box 458, Mineral Wells, TX 76068 | TX | 2003-09 | $19,252 |
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