Legacy Media Institute in Petersburg, Virginia (VA)
Table of contents:
| Legacy Media Institute | |
| Employer Identification Number (EIN) | 541869002 |
| Name of Organization | Legacy Media Institute |
| In Care of Name | Timothy Reid |
| Address | 1 New Millennium Dr, Petersburg, VA 23805-8907 |
| Website | http://www.timreidplace.com/Tim_Reid_Place/Legacy_Media_Institue.html |
| Activities | Described in section 509(a)(2) of the Code, Scholarships (other) |
| Subsection | Educational Organization |
| Ruling Date | 02/2010 |
| 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 | 2009 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $56,290 |
| Amount of Income | $190,085 |
| Form 990 Revenue Amount | $190,085 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Film, Video |
Non-representatives - add comments:
Amount of income in 2009: $190,085 (it was $190,085 in 2013)
| This organization: | $190,085 |
| Other organizations performing similar types of work: | $78,825 |
Assets in 2009: $56,290 (it was $56,290 in 2013)
| Legacy Media Institute: | $56,290 |
| Other organizations performing similar types of work: | $21,375 |
Expenses in 2013: $177,587
| This organization: | $177,587 |
| Other organizations performing similar types of work: | $72,967 |
Income to expenses ratio in 2013: 1.1
| This organization: | 1.1 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 82.5%
| This organization: | 82.5% |
| Other organizations performing similar types of work: | 88.1% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $46,228 | $95,137 | $190,085 |
| Contributions, gifts, grants, and similar amounts received | $21,150 | $93,524 | $156,880 |
| Program service revenue including government fees and contracts | $25,180 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $-102 | $1,613 | $33,205 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $2,382 | $1,613 | $33,205 |
| Less: direct expenses from gaming and fundraising events | $2,484 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $73,346 | $75,978 | $177,587 |
| Total net assets | $30,798 | $49,957 | $56,290 |
| Excess/Deficit for the year | $-27,118 | $19,159 | $12,498 |
| Net assets or fund balances at beginning of year | $40,167 | $30,798 | $49,957 |
| Other changes in net assets or fund balances | $17,749 | $0 | $-6,165 |
| Net assets or fund balances at end of year | $49,957 | $56,290 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $30,798 | $49,957 | $56,290 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $30,798 | $49,957 | $56,290 |
| 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 a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $424,184 |
| Subtotal Support | $424,184 |
| Gifts, grants, contributions, and membership fees received | $424,184 |
| 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 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $424,184 |
| Public Support | $424,184 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Wounded Marine Careers Foundation Inc | 715 Broadway St, Quantico, VA 22134-5176 | VA | 2007-02 | $235,001 |
| 2 | Legacy Media Institute | 1 New Millennium Dr, Petersburg, VA 23805-8907 | VA | 2010-02 | $190,085 |
| 3 | The Central Virginia Film Institute Inc | 1 New Millennium Dr, Petersburg, VA 23805-8907 | VA | 1998-07 | $59,959 |
| 4 | Singing Wolf Documentaries Inc | 3118 Juniper Ln, Falls Church, VA 22044-1814 | VA | 2002-03 | $5,500 |
| 5 | Alexandria Film Festival | 500 East Alexandria Avenue, Alexandria, VA 22301 | VA | 2014-09 | $0 |
| 6 | Ashland Community Theater Foundation | 105 Duncan Street, Ashland, VA 23005 | VA | 2011-04 | $0 |
| 7 | Blue Ridge Southwest Virginia Film Office | 2828 Emissary Dr, Roanoke, VA 24019-3330 | VA | 2004-01 | $0 |
| 8 | Center For Non-Profit Resources Inc, C-Npr | 1564 West Hoover Road, Madison, VA 22727 | VA | 1996-01 | $0 |
| 9 | Community Films Foundation | 673 Berkmar Court, Charlottesville, VA 22901 | VA | 2011-02 | $0 |
| 10 | Denizen Media | 203 Wardensville Grade, Winchester, VA 22602 | VA | 2011-04 | $0 |
| 11 | Eleven Pictures Ltd | 166 Morton Rd, Keysville, VA 23947 | VA | 2006-12 | $0 |
| 12 | Fair Wind Films | 5078 Blarney St, Fredericksburg, VA 22407 | VA | 2014-12 | $0 |
| 13 | Fireworks International | 2537 Belmont Stales Drive, Virginia Beach, VA 23456 | VA | 2009-03 | $0 |
| 14 | Folkstreams Inc | 11324 Pearlstone Lane, Delaplane, VA 20144 | VA | 2002-03 | $0 |
| 15 | Insideout Global | 113 S West St Suite 206, Alexandria, VA 22314 | VA | 2011-09 | $0 |
| 16 | James River Film Society, James River Film Festival James River Filmmakers' Forum | P O Box 7469, Richmond, VA 23221 | VA | 1999-07 | $0 |
| 17 | Middleburg Film Festival | PO BOX 1566, Middleburg, VA 20118-1566 | VA | 2015-02 | $0 |
| 18 | Nollywood Foundation Inc | 3800 N Fairfax Drive Unit 112, Arlington, VA 22203 | VA | 2009-04 | $0 |
| 19 | One Room School House Inc | 1532 Harbor Road, Williamsburg, VA 23185 | VA | 2010-10 | $0 |
| 20 | Ozymandias Productions Inc | 2858 Rogers Drive, Falls Church, VA 22042 | VA | 2007-10 | $0 |
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| Total | 1,487 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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