Loudoun Academy Of The Arts Foundation in Leesburg, Virginia (VA)
Table of contents:
| Loudoun Academy Of The Arts Foundation | |
| Employer Identification Number (EIN) | 541930403 |
| Name of Organization | Loudoun Academy Of The Arts Foundation |
| In Care of Name | Corporate Office |
| Address | 525k East Market St 227, Leesburg, VA 20176-4113 |
| Subsection | Charitable Organization |
| Ruling Date | 08/1999 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $70,812 |
| Amount of Income | $439,509 |
| Form 990 Revenue Amount | $425,986 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts Council/Agency |
Non-representatives - add comments:
Amount of income in 2013: $439,509 (it was $377,030 in 2012)
| This organization: | $439,509 |
| Other organizations performing similar types of work: | $76,375 |
Assets in 2013: $70,812 (it was $108,869 in 2012)
| Loudoun Academy Of The Arts Foundation: | $70,812 |
| Other organizations performing similar types of work: | $32,362 |
Expenses in 2012: $454,845
| This organization: | $454,845 |
| Other organizations performing similar types of work: | $58,801 |
Income to expenses ratio in 2012: 1.0
| Loudoun Academy Of The Arts Foundation: | 1.0 |
| Other organizations performing similar types of work: | 1.1 |
Number of employees in 2012: 7
| This organization: | 7 |
| Other organizations performing similar types of work: | 1 |
Grants share in income in 2012: 4.5%
| Loudoun Academy Of The Arts Foundation: | 4.5% |
| Other organizations performing similar types of work: | 43.1% |
Revenue for 2012
Functional expenses for 2012
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2012) | |
| Total revenue | $365,359 |
| Contributions, Gifts, Grants and Other Similar Amounts | $16,485 |
| Program Service Revenue | $292,504 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $575 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $35,416 |
| Gross rents (Real / Personal) | $35,696 / $0 |
| Less: rental expenses (Real / Personal) | $280 / $0 |
| Rental income or (loss) (Real / Personal) | $35,416 / $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $20,088 |
| Gross income from fundraising events | $31,479 |
| Less: direct expenses | $11,391 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $291 |
| Gross sales of inventory, less returns and allowances | $291 |
| Less: cost of goods sold | $0 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $454,845 |
| Compensation of current officers, directors, trustees, and key employees | $28,471 |
| Other salaries and wages | $75,735 |
| Payroll taxes | $7,968 |
| Professional fundraising services | $0 |
| Other | $342,671 |
| Balance Sheet (for 2012) | |
| Total assets | $108,869 |
| Total liabilities | $32,735 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $32,735 |
| Total net assets or fund balances | $76,134 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2012) | |
| 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) |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total Support | $1,864,293 |
| Gifts, grants, contributions, and membership fees received | $1,692,931 |
| 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 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $171,362 |
| 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 | Regional Arts & Culture Council | 411 Nw Park Ave Ste 101, Portland, OR 97209-3356 | OR | 1996-04 | $7,116,529 |
| 2 | Dance Service New York City Inc, Dancenyc | 218 E 18th Street No 4th Fl, New York, NY 10003 | NY | 2013-05 | $1,546,354 |
| 3 | Spaceworks Nyc Inc | 540 President Street, Brooklyn, NY 11215-1493 | NY | 2014-02 | $714,119 |
| 4 | Northern Lightsmn Inc | 2751 Hennepin Ave S Suite 231, Minneapolis, MN 55408-1002 | MN | 2009-09 | $678,226 |
| 5 | H G Fairfield Arts Center For The Environment Inc | 31 Sodom Rd, Brewster, NY 10509-4405 | NY | 2011-05 | $550,024 |
| 6 | Northwest Minnesota Arts Council | 115 South Main, Warren, MN 56762 | MN | 2009-07 | $459,403 |
| 7 | Pathways Projects Institutes Limited | 2 North Lasalle, Chicago, IL 60602-3702 | IL | 2013-05 | $458,957 |
| 8 | Loudoun Academy Of The Arts Foundation | 525k East Market St 227, Leesburg, VA 20176-4113 | VA | 1999-08 | $439,509 |
| 9 | Steelville Arts Council | 402 West Main Street, Steelville, MO 65565 | MO | 2011-03 | $418,988 |
| 10 | Litquake Foundation | 57 Post St Ste 604, San Francisco, CA 94104-5023 | CA | 2010-06 | $412,357 |
| 11 | Vox Populi Inc | 319 N 11th St Fl 3, Philadelphia, PA 19107-1300 | PA | 2006-12 | $356,606 |
| 12 | Young Audiences Of Northern California | 465 California St Ste 433, San Francisco, CA 94104-1842 | CA | 2004-11 | $329,882 |
| 13 | Newport News Public Art Foundation | 735 Thimble Shoals Blvd, Newport News, VA 23606-4255 | VA | 2002-09 | $296,610 |
| 14 | Arts & Entertainment Marketing Partnership Of Hampton Roads, Your 757 Com | 220 Boush St, Norfolk, VA 23510-1295 | VA | 2009-12 | $0 |
| 15 | Giles Arts Council | 4848 Pulaski Giles Turnpike, Pearisburg, VA 24134 | VA | 2011-02 | $0 |
| 16 | Hanover Master Gardeners Association | 13015 Taylor Complex Lane, Ashland, VA 23005 | VA | 1997-07 | $0 |
| 17 | James River Council For The Arts And Humanities | Po Box 1059, Lynchburg, VA 24505 | VA | 2011-01 | $0 |
| 18 | Loudoun Valley Arts | 18264 Poplar Stand Pl, Purcellville, VA 20132-4063 | VA | 2014-08 | $0 |
| 19 | Mountain Heritage Inc | Po Box 1259, St Paul, VA 24283 | VA | 2000-10 | $0 |
| 20 | Southside Virginia Council Of The Arts Inc | 216 N Sycamore St Suite B, Petersburg, VA 23803 | VA | 2000-01 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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