Little Theatre Of Virginia Beach Inc in Virginia Bch, Virginia (VA)
Table of contents:
| Little Theatre Of Virginia Beach Inc | |
| Employer Identification Number (EIN) | 546046779 |
| Name of Organization | Little Theatre Of Virginia Beach Inc |
| Address | PO BOX 1053, Virginia Bch, VA 23451-0053 |
| Activities | Other cultural or historical activities |
| Subsection | Educational Organization |
| Ruling Date | 09/1969 |
| 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 | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $228,129 |
| Amount of Income | $124,790 |
| Form 990 Revenue Amount | $124,790 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Theater |
Non-representatives - add comments:
Amount of income in 2014: $124,790 (it was $138,510 in 2013)
| This organization: | $124,790 |
| Other organizations performing similar types of work: | $152,552 |
Assets in 2014: $228,129 (it was $223,291 in 2013)
| This organization: | $228,129 |
| Other organizations performing similar types of work: | $147,528 |
Expenses in 2014: $114,700
| Little Theatre Of Virginia Beach Inc: | $114,700 |
| Other organizations performing similar types of work: | $149,497 |
Income to expenses ratio in 2014: 1.1
| This organization: | 1.1 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2014: 29.3%
| Little Theatre Of Virginia Beach Inc: | 29.3% |
| Other organizations performing similar types of work: | 39.0% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $135,879 | $137,961 | $138,510 | $124,790 |
| Contributions, gifts, grants, and similar amounts received | $32,507 | $34,367 | $33,843 | $36,568 |
| Program service revenue including government fees and contracts | $101,014 | $101,712 | $103,670 | $85,914 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $1,158 | $1,082 | $927 | $808 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $1,200 | $800 | $70 | $1,500 |
| Total expenses | $128,652 | $138,064 | $125,695 | $114,700 |
| Total net assets | $196,997 | $196,894 | $209,709 | $219,799 |
| Excess/Deficit for the year | $7,227 | $-103 | $12,815 | $10,090 |
| Net assets or fund balances at beginning of year | $189,770 | $196,997 | $196,894 | $209,709 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $209,709 | $219,799 | ||
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $221,875 | $217,429 | $223,291 | $228,129 |
| Total liabilities | $24,878 | $20,535 | $13,582 | $8,330 |
| Net assets or fund balances | $196,997 | $196,894 | $209,709 | $219,799 |
| Other Information | ||||
| 2011 | 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 | Yes | ||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | 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 | $0 |
| Gross receipts for public use of club facilities | $0 | $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 | $646,796 |
| Subtotal | $646,796 |
| Gifts, grants, contributions, and membership fees received | $168,748 |
| 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 | $478,048 |
| 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 | $656,498 |
| Public support | $646,796 |
| Subtotal | $5,432 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $5,432 |
| 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 | $4,270 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Little Theatre Of Alexandria Inc | 600 Wolfe St, Alexandria, VA 22314-3732 | VA | 1936-10 | $841,607 |
| 2 | Signature Theatre Inc | 4200 Campbell Ave, Arlington, VA 22206-3435 | VA | 1990-06 | $8,212,071 |
| 3 | Hurrah Players Inc | 485 Saint Pauls Blvd, Norfolk, VA 23510-2405 | VA | 1986-02 | $1,632,034 |
| 4 | Wayside Foundation For The Arts Inc, Wayside Theatre | PO BOX 260, Middletown, VA 22645-0260 | VA | 1966-02 | $682,540 |
| 5 | Williamsburg Players Inc | PO BOX 91, Williamsburg, VA 23187-0091 | VA | 1960-11 | $328,421 |
| 6 | Reston Community Players Inc | PO BOX 8232, Reston, VA 20195-2132 | VA | 1974-07 | $203,986 |
| 7 | The Elden Street Players | PO BOX 5006, Herndon, VA 20172-1960 | VA | 1989-07 | $198,158 |
| 8 | Winchester Little Theatre Incorporated | 315 W Boscawen St, Winchester, VA 22601-3809 | VA | 1937-05 | $152,819 |
| 9 | The Westmoreland Players Inc | PO BOX 253, Callao, VA 22435-0253 | VA | 1981-04 | $139,020 |
| 10 | Smithfield Little Theatre Inc | PO BOX 332, Smithfield, VA 23431-0332 | VA | 1973-02 | $110,878 |
| 11 | The Court House Players | PO BOX 643, Gloucester, VA 23061-0643 | VA | 1994-10 | $49,959 |
| 12 | Summer Musical Enterprise | PO BOX 10654, Blacksburg, VA 24062-0654 | VA | 1994-07 | $41,379 |
| 13 | Rainbow Productions | 18 Easthill Ct, Hampton, VA 23664-1546 | VA | 1982-09 | $29,796 |
| 14 | The Growing Stage Inc | PO BOX 648, Purcellville, VA 20134-0648 | VA | 1995-11 | $11,472 |
| 15 | Fountainhead Theatre | 2003 Columbia Pike Apt 218, Arlington, VA 22204 | VA | 1994-08 | $0 |
| 16 | Horizons Inc | 1867 Massachusetts Ave, Mclean, VA 22101 | VA | 1982-02 | $0 |
| 17 | Salt Theatre | 6272 South Main Street, Saltville, VA 24370 | VA | 1993-08 | $0 |
| 18 | Shenandoah Hotel Incorporated | 1 Market Sq Se Ste 5, Roanoke, VA 24011-1429 | VA | 2003-03 | $0 |
| 19 | Valley Playhouse | Po Box 1112, Harrisonburb, VA 22803 | VA | 1990-04 | $0 |
| 20 | Virginia Valley Theatre Company | 718 Old Stoney Creek Rd, Nellysford, VA 22958 | VA | 1987-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,933 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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