Loudoun Museum Inc in Leesburg, Virginia (VA)
Table of contents:
| Loudoun Museum Inc | |
| Employer Identification Number (EIN) | 541226363 |
| Name of Organization | Loudoun Museum Inc |
| Address | 16 Loudoun St Sw, Leesburg, VA 20175-2907 |
| Activities | Museum, zoo, planetarium, etc. |
| Subsection | Educational Organization |
| Ruling Date | 08/1983 |
| 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 | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $97,287 |
| Amount of Income | $112,347 |
| Form 990 Revenue Amount | $107,297 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: History Museums |
Non-representatives - add comments:
Amount of income in 2014: $112,347 (it was $130,023 in 2013)
| Loudoun Museum Inc: | $112,347 |
| Other organizations performing similar types of work: | $170,607 |
Assets in 2014: $97,287 (it was $107,833 in 2013)
| This organization: | $97,287 |
| Other organizations performing similar types of work: | $751,001 |
Expenses in 2014: $108,726
| This organization: | $108,726 |
| Other organizations performing similar types of work: | $136,601 |
Income to expenses ratio in 2014: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2014: 88.0%
| Loudoun Museum Inc: | 88.0% |
| Other organizations performing similar types of work: | 57.9% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $106,100 | $97,217 | $116,181 | $107,297 |
| Contributions, gifts, grants, and similar amounts received | $92,381 | $70,361 | $90,252 | $94,440 |
| Program service revenue including government fees and contracts | $11,457 | $24,553 | $30,201 | $16,027 |
| Membership dues and assessments | $4,400 | $0 | $0 | $0 |
| Investment income | $91 | $38 | $38 | $46 |
| Gain/Loss from sale of assets other than inventory | $0 | $-91 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $2,356 | $-3,484 | $0 |
| Gross profit/loss from sales of inventory | $-2,229 | $0 | $-826 | $-3,216 |
| Gross sales of inventory, less returns and allowances | $3,208 | $0 | $2,822 | $1,834 |
| Less: cost of goods sold | $5,437 | $0 | $3,648 | $5,050 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $127,142 | $84,491 | $116,687 | $108,726 |
| Total net assets | $97,443 | $101,006 | $99,227 | $97,247 |
| Excess/Deficit for the year | $-21,042 | $12,726 | $-506 | $-1,429 |
| Net assets or fund balances at beginning of year | $114,758 | $87,026 | $101,006 | $99,226 |
| Other changes in net assets or fund balances | $3,727 | $1,254 | $-1,273 | $-550 |
| Net assets or fund balances at end of year | $101,006 | $99,227 | $97,247 | |
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $116,104 | $113,832 | $107,833 | $97,287 |
| Total liabilities | $18,661 | $12,826 | $8,606 | $40 |
| Net assets or fund balances | $97,443 | $101,006 | $99,227 | $97,247 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | No | |
| 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 | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | 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 | No | |
| Total amount involved | $0 | $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 | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | 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 | $1,209,492 |
| Subtotal | $1,209,492 |
| Gifts, grants, contributions, and membership fees received | $487,833 |
| 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 | $97,279 |
| 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 | $624,380 |
| 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 | $1,210,023 |
| Public support | $1,209,492 |
| Subtotal | $531 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $531 |
| 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 | Thomas Jefferson Foundation Inc | PO BOX 316, Charlottesvle, VA 22902-0316 | VA | 1985-04 | $40,796,596 |
| 2 | Valentine Museum | 1015 E Clay St, Richmond, VA 23219-1527 | VA | 1925-07 | $5,831,702 |
| 3 | Montpelier Foundation | PO BOX 67, Mntpelier Sta, VA 22957-0067 | VA | 1998-11 | $2,311,316 |
| 4 | General Douglas Macarthur Foundation | Macarthur Square, Norfolk, VA 23510 | VA | 1964-08 | $1,703,607 |
| 5 | Historic Crab Orchard Museum & Pioneer Park Inc | 3663 Crab Orchard Rd, Tazewell, VA 24651-9200 | VA | 1979-04 | $555,246 |
| 6 | Wharton County Museum Association | PO BOX 349, Wharton, TX 77488-0349 | TX | 1974-12 | $141,508 |
| 7 | Friends Of The Fairfax Station Inc | 5514 Sandy Folly Ct, Fairfax Sta, VA 22039-1032 | VA | 1978-10 | $40,863 |
| 8 | George Washington Masonic National Memorial Association Inc | 101 Callahan Dr, Alexandria, VA 22301-2751 | VA | 1928-08 | $3,490,564 |
| 9 | The Corporation For Jeffersons Poplar Forest | PO BOX 419, Forest, VA 24551-0419 | VA | 1984-05 | $2,032,275 |
| 10 | National Womens History Museum | 205 S Whiting St Ste 254, Alexandria, VA 22304-3693 | VA | 1997-02 | $1,572,165 |
| 11 | Robert R Moton Museum Inc | PO BOX 908, Farmville, VA 23901-0908 | VA | 1999-03 | $1,354,076 |
| 12 | Fredericksburg Area Museum And Cultural Center Inc | PO BOX 922, Fredericksbrg, VA 22404-0922 | VA | 1987-08 | $919,580 |
| 13 | Eastern Shore Of Virginia Barrier Islands Center Inc | PO BOX 206, Machipongo, VA 23405-0206 | VA | 1996-04 | $752,742 |
| 14 | The Watermens Museum | PO BOX 519, Yorktown, VA 23690-0519 | VA | 1986-08 | $203,561 |
| 15 | Tangier American Legation Museum Society | 6713 Beddoo St, Alexandria, VA 22306-6607 | VA | 1976-10 | $143,580 |
| 16 | Smithfield-Preston Foundation | 1000 Smithfield Plantation Rd, Blacksburg, VA 24060-5441 | VA | 1996-05 | $117,984 |
| 17 | South Boston-Halifax County Museum Of Fine Arts And History | PO BOX 383, South Boston, VA 24592-0383 | VA | 1983-01 | $91,772 |
| 18 | The Cold War Museum Inc | PO BOX 861526, Vint Hill, VA 20187-1526 | VA | 1997-09 | $5,613 |
| 19 | Rivermont House Inc | 1107 Ves Road, Lynchburg, VA 24503 | VA | 1998-03 | $0 |
| 20 | Rock Run Association Inc | 532 John Baker Road, Fieldale, VA 24089 | VA | 2008-01 | $0 |
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