Isle Of Wight Arts League in Smithfield, Virginia (VA)
Table of contents:
| Isle Of Wight Arts League | |
| Employer Identification Number (EIN) | 541889006 |
| Name of Organization | Isle Of Wight Arts League |
| Address | 319 Main St, Smithfield, VA 23430-1326 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Art exhibit |
| Subsection | Educational Organization |
| Ruling Date | 11/1998 |
| 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 | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $122,241 |
| Amount of Income | $163,666 |
| Form 990 Revenue Amount | $139,253 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Visual Arts Organizations |
Non-representatives - add comments:
Amount of income in 2013: $163,666 (it was $146,889 in 2012)
| Isle Of Wight Arts League: | $163,666 |
| Other organizations performing similar types of work: | $50,352 |
Assets in 2013: $122,241 (it was $106,742 in 2012)
| This organization: | $122,241 |
| Other organizations performing similar types of work: | $28,414 |
Expenses in 2013: $123,812
| This organization: | $123,812 |
| Other organizations performing similar types of work: | $39,961 |
Income to expenses ratio in 2013: 1.3
| This organization: | 1.3 |
| Other organizations performing similar types of work: | 0.8 |
Grants share in income in 2013: 16.5%
| Isle Of Wight Arts League: | 16.5% |
| Other organizations performing similar types of work: | 100.0% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $158,153 | $146,889 | $139,253 |
| Contributions, gifts, grants, and similar amounts received | $21,875 | $32,014 | $23,022 |
| Program service revenue including government fees and contracts | $121,767 | $101,631 | $103,168 |
| Membership dues and assessments | $9,140 | $7,875 | $8,670 |
| Investment income | $2,458 | $4,195 | $2,523 |
| Gain/Loss from sale of assets other than inventory | $-626 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $1,248 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $0 | $0 | $25,661 |
| Less: direct expenses from gaming and fundraising events | $0 | $0 | $24,413 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $3,539 | $1,174 | $622 |
| Total expenses | $153,579 | $149,806 | $123,812 |
| Total net assets | $108,761 | $104,955 | $120,396 |
| Excess/Deficit for the year | $4,574 | $-2,917 | $15,441 |
| Net assets or fund balances at beginning of year | $109,100 | $108,761 | $104,955 |
| Other changes in net assets or fund balances | $-4,913 | $-889 | $0 |
| Net assets or fund balances at end of year | $104,955 | $120,396 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $109,505 | $106,742 | $122,241 |
| Total liabilities | $744 | $1,787 | $1,845 |
| Net assets or fund balances | $108,761 | $104,955 | $120,396 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| 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 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 | $665,444 |
| Subtotal | $665,444 |
| Gifts, grants, contributions, and membership fees received | $139,230 |
| 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 | $526,214 |
| 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 | $675,692 |
| Public support | $665,444 |
| Subtotal | $10,248 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $10,248 |
| 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 | Friends Of Southwest Virginia | 1 Heartwood Cir, Abingdon, VA 24210-8398 | VA | 2011-11 | $2,231,200 |
| 2 | Natures Best Photography Fund Inc | 11411 Sunset Hills Road, Reston, VA 20190 | VA | 2010-01 | $281,421 |
| 3 | Sycamore Rouge Incorporated | 306 N Sycamore St, Petersburg, VA 23803-3230 | VA | 2004-12 | $201,670 |
| 4 | Public Art Virginia Beach Foundation Inc | 201 Market Street No 204, Virginia Beach, VA 23462-3012 | VA | 2013-12 | $130,321 |
| 5 | Rappahannock Art League Inc | 19 N Main St, Kilmarnock, VA 22482-8501 | VA | 2000-06 | $123,575 |
| 6 | Blue Ridge Potters Guild | 4705 Colonial Avenue Sw, Roanoke, VA 24018-3909 | VA | 2005-08 | $81,192 |
| 7 | Sattya Media Arts Collective | 3058 Winter Pine Ct, Fairfax, VA 22031 | VA | 2010-06 | $38,291 |
| 8 | Lays Hardware Center For The Arts | Po Box 2766, Coeburn, VA 24230 | VA | 2009-11 | $29,399 |
| 9 | Starting Artists Inc | 918 Main Street, Danville, VA 24541 | VA | 2006-11 | $10,057 |
| 10 | Washington Water Color Association | 7006 Kodiak Ct, Manassas, VA 20111-4373 | VA | 2013-02 | $2,106 |
| 11 | Arthangar Foundation | 717 Marshall Rd Sw, Vienna, VA 22180-6468 | VA | 2001-01 | $0 |
| 12 | Artzone Inc | 307 Lansing Ave, Lynchburg, VA 24503 | VA | 2005-09 | $0 |
| 13 | Association For The Arts In The Church Of The Brethren | 1184 Lebanon Church Rd, Mt Sidney, VA 24467-2417 | VA | 1997-07 | $0 |
| 14 | Birds Of A Feather School | 15671 Ashbury Church Road, Purcellville, VA 20132 | VA | 2010-06 | $0 |
| 15 | Central Virginia Watercolor Guild | 5996 Via Lane, Crozet, VA 22932 | VA | 2001-12 | $0 |
| 16 | Ceramics Designers Association Of Tidewater Virginia | 4532 Black Cove Rd, Virginia Beach, VA 23455 | VA | 2010-03 | $0 |
| 17 | Chincoteague Decoy Carvers & Artists Association | Pobox 553, Chincoteague, VA 23336 | VA | 2007-01 | $0 |
| 18 | Encore Women Artisans Inc | 8005 Stewarts Wharf Rd, Exmore, VA 23350 | VA | 2007-07 | $0 |
| 19 | Falls Church Arts Inc | Po Box 6912, Falls Church, VA 22046 | VA | 2005-01 | $0 |
| 20 | Friends Of Leesburg Public Arts | 312f East Market Street, Leesburg, VA 20176 | VA | 2013-01 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,528 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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