Smith Mountain Arts Council in Moneta, Virginia (VA)
Table of contents:
| Smith Mountain Arts Council | |
| Employer Identification Number (EIN) | 541568181 |
| Name of Organization | Smith Mountain Arts Council |
| Address | PO BOX 70, Moneta, VA 24121-0070 |
| Activities | Art exhibit |
| Subsection | Educational Organization |
| Ruling Date | 02/1991 |
| 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 | 09/2014 |
| Assets | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $20,097 |
| Amount of Income | $51,060 |
| Form 990 Revenue Amount | $4,446 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts Council/Agency |
Non-representatives - add comments:
Amount of income in 2014: $51,060 (it was $17,839 in 2013)
| Smith Mountain Arts Council: | $51,060 |
| Other organizations performing similar types of work: | $208,353 |
Assets in 2014: $20,097 (it was $27,810 in 2013)
| Smith Mountain Arts Council: | $20,097 |
| Other organizations performing similar types of work: | $223,826 |
Expenses in 2013: $9,401
| Smith Mountain Arts Council: | $9,401 |
| Other organizations performing similar types of work: | $198,715 |
Income to expenses ratio in 2013: 5.4
| Smith Mountain Arts Council: | 5.4 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 12.2%
| This organization: | 12.2% |
| Other organizations performing similar types of work: | 77.7% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $19,521 | $14,209 | $17,839 |
| Contributions, gifts, grants, and similar amounts received | $7,819 | $6,096 | $2,170 |
| Program service revenue including government fees and contracts | $3,571 | $3,438 | $1,091 |
| Membership dues and assessments | $6,703 | $6,830 | $11,754 |
| Investment income | $60 | $42 | $16 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $1,286 | $-2,197 | $2,807 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $28,334 | $33,023 | $37,875 |
| Less: direct expenses from gaming and fundraising events | $27,048 | $35,220 | $35,067 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $81 | $0 | $0 |
| Total expenses | $11,001 | $13,943 | $9,401 |
| Total net assets | $19,107 | $19,372 | $27,810 |
| Excess/Deficit for the year | $8,520 | $265 | $8,437 |
| Net assets or fund balances at beginning of year | $10,587 | $19,107 | $19,373 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $19,372 | $27,810 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $19,107 | $19,372 | $27,810 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $19,107 | $19,372 | $27,810 |
| 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 | $63,814 |
| Subtotal Support | $63,814 |
| Gifts, grants, contributions, and membership fees received | $63,814 |
| 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 | $64,173 |
| Public Support | $63,814 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $359 |
| 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 | Blue Ridge Arts Council Inc | PO BOX 1212, Front Royal, VA 22630-0025 | VA | 1988-08 | $79,876 |
| 2 | Walton Arts Center Council Inc | PO BOX 3547, Fayetteville, AR 72702-3547 | AR | 1988-08 | $16,571,540 |
| 3 | Shreveport Regional Arts Council | 801 Crockett St, Shreveport, LA 71101-3435 | LA | 1977-03 | $4,297,085 |
| 4 | Western States Arts Federation | 1743 Wazee St Ste 300, Denver, CO 80202-1280 | CO | 1973-02 | $3,845,732 |
| 5 | The Art League Inc | 105 N Union St, Alexandria, VA 22314-3217 | VA | 1971-10 | $3,525,869 |
| 6 | Vermont Council On The Arts Inc, Vermont Arts Council | 136 State St, Montpelier, VT 05633-0001 | VT | 1967-04 | $1,849,495 |
| 7 | Texarkana Regional Arts & Humanities Council Inc | PO BOX 1171, Texarkana, TX 75504-1171 | TX | 1978-06 | $1,443,697 |
| 8 | United Arts Council Of Raleigh And Wake County Inc | 410 Glenwood Ave Ste 170, Raleigh, NC 27603-1292 | NC | 1966-05 | $1,366,249 |
| 9 | United Arts Council Of Greater Greensboro Inc | 200 N Davie Street Ste 201 Box 5, Greensboro, NC 27401-2865 | NC | 1962-09 | $1,302,409 |
| 10 | The Arts Center Of The Capital Region | 265 River St, Troy, NY 12180-3215 | NY | 1966-05 | $1,165,700 |
| 11 | Rockport Art Association Inc | 902 Navigation Cir, Rockport, TX 78382-2780 | TX | 1972-07 | $828,439 |
| 12 | Tucson-Pima Arts Council Inc | 100 N Stone Ave Ste 303, Tucson, AZ 85701-1514 | AZ | 1985-05 | $804,117 |
| 13 | Tibbits Opera Foundation And Arts Council Inc | 14 S Hanchett St, Coldwater, MI 49036-1907 | MI | 1965-10 | $609,852 |
| 14 | The Arts Council For Chautauqua County Inc | 116 E 3rd St, Jamestown, NY 14701-5402 | NY | 1973-01 | $446,393 |
| 15 | The Greater Jackson Arts Council | PO BOX 17, Jackson, MS 39205-0017 | MS | 1981-01 | $432,992 |
| 16 | Valley Performing Arts Council | PO BOX 71, Kingsburg, CA 93631-0071 | CA | 1998-03 | $278,284 |
| 17 | Hawaii Academy Of Performing Arts | 1159 Nuuanu Ave, Honolulu, HI 96717 | HI | 1999-03 | $248,638 |
| 18 | Cultural Alliance Of Greater Hampton Roads | 420 North Center Drive, Norfolk, VA 23502-4007 | VA | 1983-09 | $59,872 |
| 19 | Smith Mountain Arts Council | PO BOX 70, Moneta, VA 24121-0070 | VA | 1991-02 | $51,060 |
| 20 | The Cultural Alliance Of Charles City County Va Inc | P O Box 241, Charles City, VA 23030 | VA | 1996-09 | $0 |
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