Art Media Foundation Inc in Arlington, Vermont (VT)
Table of contents:
| Art Media Foundation Inc | |
| Employer Identification Number (EIN) | 452671486 |
| Name of Organization | Art Media Foundation Inc |
| In Care of Name | Leslie Pell Van Breen |
| Address | 52 Mckee Rd, Arlington, VT 05250-9620 |
| Subsection | Charitable Organization |
| Ruling Date | 11/2012 |
| 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 | 06/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $32,309 |
| Amount of Income | $61,050 |
| Form 990 Revenue Amount | $61,050 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Visual Arts Organizations |
Non-representatives - add comments:
Amount of income in 2013: $61,050 (it was $30,200 in 2012)
| Art Media Foundation Inc: | $61,050 |
| Other organizations performing similar types of work: | $50,352 |
Assets in 2013: $32,309 (it was $22,069 in 2012)
| This organization: | $32,309 |
| Other organizations performing similar types of work: | $28,414 |
Expenses in 2013: $75,777
| This organization: | $75,777 |
| Other organizations performing similar types of work: | $39,961 |
Income to expenses ratio in 2013: 0.8
| This organization: | 0.8 |
| Other organizations performing similar types of work: | 0.8 |
Grants share in income in 2013: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 100.0% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $30,200 | $61,050 |
| Contributions, gifts, grants, and similar amounts received | $30,200 | $61,050 |
| Program service revenue including government fees and contracts | $0 | $0 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $0 | $0 |
| Total expenses | $28,372 | $75,777 |
| Total net assets | $1,828 | $-12,899 |
| Excess/Deficit for the year | $1,828 | $-14,727 |
| Net assets or fund balances at beginning of year | $0 | $1,828 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $1,828 | $-12,899 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $22,069 | $32,309 |
| Total liabilities | $20,241 | $45,208 |
| Net assets or fund balances | $1,828 | $-12,899 |
| Other Information | ||
| 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 |
| 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? | Yes | Yes |
| Total amount involved | $20,241 | $45,208 |
| Initiation fees and capital contributions | $0 | $0 |
| Gross receipts for public use of club facilities | $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: | A community trust 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 | $91,250 |
| Subtotal Support | $91,250 |
| Gifts, grants, contributions, and membership fees received | $91,250 |
| 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 | $91,250 |
| Public Support | $91,250 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 | Brandon Artists Guild | 7 Center St, Brandon, VT 05733-1105 | VT | 2004-12 | $35,018 |
| 2 | Two Red Roses Foundation Inc | 4190 Corporate Court, Palm Harbor, FL 34683 | FL | 2005-07 | $64,355,819 |
| 3 | Pizzuti Collection | 2 Miranova Pl Ste 800, Columbus, OH 43215-5098 | OH | 2012-01 | $6,257,497 |
| 4 | Artprize Grand Rapids | 41 Sheldon Blvd Se, Grand Rapids, MI 49503-4227 | MI | 2010-12 | $4,591,973 |
| 5 | Friends Of Southwest Virginia | 1 Heartwood Cir, Abingdon, VA 24210-8398 | VA | 2011-11 | $2,231,200 |
| 6 | American Association Of Woodturners | 75 West 5th Street 222 Landmark Cen, Saint Paul, MN 55102 | MN | 2012-01 | $1,616,095 |
| 7 | Wolf Kahn And Emily Mason Foundation Inc | Box 2314, W Brattleboro, VT 05301 | VT | 2000-03 | $1,470,405 |
| 8 | National Association Of Theater Owners Of Nj Inc | PO BOX 19, Belle Mead, NJ 08502-0019 | NJ | 2014-10 | $1,267,358 |
| 9 | The Stephen Hahn Foundation, Hahn Stephen R Ttee | 450 7th Ave Ste 2701, New York, NY 10123-2701 | NY | 1991-08 | $1,028,615 |
| 10 | Southeastern Minnesota Arts Council Inc, Semac | 2778 Commerce Dr Nw Ste D, Rochester, MN 55901-3253 | MN | 1982-07 | $1,015,387 |
| 11 | San Diego Fine Art Society, Art Pulse | 1955 Julian Ave, San Diego, CA 92113-1125 | CA | 2007-10 | $896,021 |
| 12 | Art Media Foundation Inc | 52 Mckee Rd, Arlington, VT 05250-9620 | VT | 2012-11 | $61,050 |
| 13 | Two Rivers Printmaking Studio Inc | 85 N Main Street Ste 160, White River Jct, VT 05001 | VT | 2000-12 | $38,320 |
| 14 | Rockingham Arts And Museum Project Lte, R A M P | 7 Canal Street, Bellows Falls, VT 05101-1367 | VT | 2001-06 | $35,835 |
| 15 | De Cruz Institute Limited | 234 Kerwin Hill Rd, Norwich, VT 05055-9477 | VT | 2002-10 | $0 |
| 16 | Ferrisburgh Artisans Guild Inc | 256 Fuller Mountain Rd, Ferrisburg, VT 05456-9552 | VT | 1999-11 | $0 |
| 17 | Rhombus Gallery Arts-Space Inc | Po Box 648, Barre, VT 05641 | VT | 2001-02 | $0 |
| 18 | Sable Arts Projects Inc | 2406 Stony Brook Rd, Northfield, VT 05663-6285 | VT | 2014-11 | $0 |
| 19 | Seaba Exhibitions Incorporated | 404 Pine Street, Burlington, VT 05401 | VT | 2011-04 | $0 |
| 20 | Vermont Center For Photography | 49 Flat Street, Brattleboro, VT 05301 | VT | 2003-11 | $0 |
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