Portsmouth Community Concerts Inc in Portsmouth, Virginia (VA)
Table of contents:
| Portsmouth Community Concerts Inc | |
| Employer Identification Number (EIN) | 541301614 |
| Name of Organization | Portsmouth Community Concerts Inc |
| Address | PO BOX 6361, Portsmouth, VA 23703-0361 |
| Activities | Cultural performances |
| Subsection | Charitable Organization |
| Ruling Date | 07/2014 |
| 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 | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $6,089 |
| Amount of Income | $44,376 |
| Form 990 Revenue Amount | $44,376 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Music |
Non-representatives - add comments:
Amount of income in 2014: $44,376 (it was $86,549 in 2011)
| This organization: | $44,376 |
| Other organizations performing similar types of work: | $51,420 |
Assets in 2014: $6,089 (it was $26,114 in 2011)
| Portsmouth Community Concerts Inc: | $6,089 |
| Other organizations performing similar types of work: | $15,938 |
Expenses in 2014: $50,794
| This organization: | $50,794 |
| Other organizations performing similar types of work: | $45,736 |
Income to expenses ratio in 2014: 0.9
| This organization: | 0.9 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2014: 39.2%
| Portsmouth Community Concerts Inc: | 39.2% |
| Other organizations performing similar types of work: | 5.6% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2009 | 2010 | 2011 | 2014 | |
|---|---|---|---|---|
| Total revenue | $160,016 | $55,752 | $86,549 | $44,376 |
| Contributions, gifts, grants, and similar amounts received | $119,468 | $27,744 | $62,170 | $17,395 |
| Program service revenue including government fees and contracts | $41,800 | $27,035 | $24,375 | $26,981 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $-1,252 | $973 | $4 | $0 |
| 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 | $0 | $0 | $0 | $0 |
| Total expenses | $194,239 | $77,620 | $77,642 | $50,794 |
| Total net assets | $39,075 | $17,207 | $26,114 | $6,089 |
| Excess/Deficit for the year | $-34,223 | $-21,868 | $8,907 | $-6,418 |
| Net assets or fund balances at beginning of year | $73,298 | $39,075 | $17,207 | $12,507 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $39,075 | $17,207 | $26,114 | $6,089 |
| Balance Sheets | ||||
| 2009 | 2010 | 2011 | 2014 | |
|---|---|---|---|---|
| Total assets | $39,075 | $17,207 | $26,114 | $6,089 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $39,075 | $17,207 | $26,114 | $6,089 |
| Other Information | ||||
| 2009 | 2010 | 2011 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | No |
| Were any significant changes made to the organizing or governing documents? | No | 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 | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | 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 | No |
| Total amount involved | $0 | $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 | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | 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 | $44,376 |
| Subtotal | $44,376 |
| Gifts, grants, contributions, and membership fees received | $17,395 |
| 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 | $26,981 |
| 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 | $44,376 |
| Public support | $44,376 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 | Original Music Workshop Inc | 6535 Renwood Lane, Annandale, VA 22003 | VA | 2010-10 | $432,805 |
| 2 | Soundscapes Inc | 26 Towne Centre Way Ste 156, Hampton, VA 23666-1999 | VA | 2013-06 | $402,035 |
| 3 | Jazz Legacy Foundation | 3336 Courtney Rd, Portsmouth, VA 23703-4010 | VA | 2013-11 | $225,362 |
| 4 | Tamworth Music Festival Inc | PO BOX 3111, Staunton, VA 24402-3111 | VA | 1994-09 | $135,635 |
| 5 | Virginia Chamber Music Foundation, Charlottesville Chamber Music Fest | 105 W High St, Charlottesvle, VA 22902-5018 | VA | 2001-08 | $118,802 |
| 6 | Russian Chamber Art Society | 6568 Bermuda Green Ct, Alexandria, VA 22312-3102 | VA | 2006-06 | $97,985 |
| 7 | Sibelius Guitar | 122 Briarwood Court, Sterling, VA 20164 | VA | 2013-02 | $93,831 |
| 8 | Cool Arts Productions Inc | 1795 Haymakertown Rd, Troutville, VA 24175 | VA | 2007-02 | $85,650 |
| 9 | National Chamber Ensemble Inc | 3700 S Four Mile Run Dr, Arlington, VA 22206-2304 | VA | 2014-04 | $83,279 |
| 10 | Williamsburg Consort | 1490-5a Quarterpath Road Suite 377, Williamsburg, VA 23185 | VA | 2003-12 | $69,743 |
| 11 | Shenandoah Valley Mountain Music Makers Association, Shenandoah Music Trail | 266 Inglewood Court, Mcgaheysville, VA 22840 | VA | 2011-05 | $68,382 |
| 12 | Da Capo Virginia | 2697 Dyer Store Road, Martinsville, VA 24112 | VA | 2010-06 | $66,833 |
| 13 | The Artisan Cafe | P O Box 3067, Martinsville, VA 24112 | VA | 2009-07 | $66,093 |
| 14 | International New Praise Support Society | 5353 Blue Aster Cir, Centreville, VA 20120-3028 | VA | 2009-06 | $58,710 |
| 15 | Rappanhannock Pops Orchestra Inc | Po Bx 1662, Fredericksburg, VA 22401 | VA | 2003-01 | $52,217 |
| 16 | Washington International Piano Arts Council | 3862 Farrcroft Drive, Fairfax, VA 22030 | VA | 2013-06 | $46,600 |
| 17 | Williamsburg Youth Harp Society | Po Box 1173, Williamsburg, VA 23187 | VA | 2007-04 | $24,339 |
| 18 | Central Virginia Masterworks Chorale | Po Box 415, Ashland, VA 23005 | VA | 2007-07 | $23,607 |
| 19 | Colonial Beach Blues Society | 720 Bancroft Ave, Colonial Bch, VA 22443-2706 | VA | 2013-02 | $18,500 |
| 20 | Virginia Virtuosi | 6228 Hidden Canyon Rd, Centreville, VA 20120 | VA | 2008-07 | $16,050 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 4,730 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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