Arts And Cultural Council Of The T in Galax, Virginia (VA)
Table of contents:
| Arts And Cultural Council Of The T | |
| Employer Identification Number (EIN) | 541467947 |
| Name of Organization | Arts And Cultural Council Of The T |
| In Care of Name | Laura Romanowski |
| Address | PO BOX 492, Galax, VA 24333-0492 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 11/1988 |
| 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 | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $96,001 |
| Amount of Income | $85,060 |
| Form 990 Revenue Amount | $80,730 |
Non-representatives - add comments:
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $82,488 | $80,004 | $80,730 |
| Contributions, gifts, grants, and similar amounts received | $44,520 | $32,660 | $34,761 |
| Program service revenue including government fees and contracts | $21,463 | $31,537 | $25,576 |
| Membership dues and assessments | $6,253 | $8,071 | $13,974 |
| Investment income | $1,976 | $2,151 | $3,155 |
| Gain/Loss from sale of assets other than inventory | $3,493 | $780 | $1,119 |
| Gross amount from sale of assets other than inventory | $45,649 | $9,419 | $1,119 |
| Less: cost or other basis and sales expenses | $42,156 | $8,639 | $0 |
| Net income/loss from gaming and fundraising events | $4,783 | $4,805 | $2,145 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $9,048 | $8,480 | $6,475 |
| Less: direct expenses from gaming and fundraising events | $4,265 | $3,675 | $4,330 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $89,261 | $82,200 | $79,226 |
| Total net assets | $96,051 | $93,855 | $95,359 |
| Excess/Deficit for the year | $-6,773 | $-2,196 | $1,504 |
| Net assets or fund balances at beginning of year | $30,356 | $96,051 | $93,855 |
| Other changes in net assets or fund balances | $72,468 | $0 | $0 |
| Net assets or fund balances at end of year | $93,855 | $95,359 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $96,350 | $94,497 | $96,001 |
| Total liabilities | $299 | $642 | $642 |
| Net assets or fund balances | $96,051 | $93,855 | $95,359 |
| 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 | $322,862 |
| Subtotal | $347,862 |
| Gifts, grants, contributions, and membership fees received | $246,380 |
| 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 | $101,482 |
| 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 | $25,000 |
| 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 | $25,000 |
| Total support | $390,144 |
| Public support | $347,862 |
| Subtotal | $8,598 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $8,598 |
| 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 | $33,684 |
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| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
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| 6 | Morrissette Family Foundation Inc | 5801 Rolling Rd, Springfield, VA 22152-1064 | VA | 1997-09 | $747,500 |
| 7 | Artisans Center Of Virginia Inc | PO BOX 166, Greenville, VA 24440-0166 | VA | 1998-05 | $88,669 |
| 8 | Artisans United Inc | 4022 C Hummer Road, Annandale, VA 22003 | VA | 1988-11 | $0 |
| 9 | Arts & Education In Concert | 456 River Rd, Woodstock, VA 22664-2638 | VA | 1991-05 | $6 |
| 10 | Arts Alive Inc | PO BOX 152, West Point, VA 23181-0152 | VA | 2004-06 | $123,325 |
| 11 | Arts And Cultural Council Of The T | PO BOX 492, Galax, VA 24333-0492 | VA | 1988-11 | $85,060 |
| 12 | Arts Center Of Orange | PO BOX 13, Orange, VA 22960-0011 | VA | 1998-05 | $204,563 |
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| 14 | Arts Council Of The Blue Ridge | 20 East Church Avenue Se, Roanoke, VA 24011-2141 | VA | 1979-06 | $158,901 |
| 15 | Arts Council Of The Eastern Shore Inc | PO BOX 1122, Exmore, VA 23350-1122 | VA | 1988-02 | $47,884 |
| 16 | Arts Council Of The Valley | 311 S Main St, Harrisonburg, VA 22801-3606 | VA | 2001-10 | $414,443 |
| 17 | Arts Enter Cape Charles Inc | PO BOX 226, Cape Charles, VA 23310-0226 | VA | 1998-03 | $226,104 |
| 18 | Arts Resource Foundation, Dba Del Ray Artisans | 2704 Mt Vernon Avenue, Alexandria, VA 22301-1124 | VA | 1993-03 | $86,650 |
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| 20 | Asbestos Information Association North America | PO BOX 213, Charlottesvle, VA 22902-0213 | VA | 1973-12 | $5,243 |
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