Grass Roots Art And Community Efforts, G R A C E in Hardwick, Vermont (VT)
Table of contents:
| Grass Roots Art And Community Efforts, G R A C E | |
| Employer Identification Number (EIN) | 223133388 |
| Name of Organization | Grass Roots Art And Community Efforts |
| Secondary Name | G R A C E |
| Address | PO BOX 960, Hardwick, VT 05843-0960 |
| Activities | Cultural performances |
| Subsection | Charitable Organization |
| Ruling Date | 02/1992 |
| 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 | 09/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $211,949 |
| Amount of Income | $138,923 |
| Form 990 Revenue Amount | $135,524 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts Education |
Non-representatives - add comments:
Amount of income in 2013: $138,923 (it was $88,485 in 2012)
| Grass Roots Art And Community Efforts, G R A C E: | $138,923 |
| Other organizations performing similar types of work: | $206,067 |
Assets in 2013: $211,949 (it was $224,789 in 2012)
| This organization: | $211,949 |
| Other organizations performing similar types of work: | $109,929 |
Expenses in 2013: $125,033
| This organization: | $125,033 |
| Other organizations performing similar types of work: | $240,853 |
Income to expenses ratio in 2013: 1.1
| This organization: | 1.1 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 34.9%
| Grass Roots Art And Community Efforts, G R A C E: | 34.9% |
| Other organizations performing similar types of work: | 45.8% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $120,254 | $84,404 | $135,524 |
| Contributions, gifts, grants, and similar amounts received | $52,989 | $49,643 | $47,348 |
| Program service revenue including government fees and contracts | $53,487 | $40,573 | $80,260 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $5,491 | $5,060 | $3,198 |
| Gain/Loss from sale of assets other than inventory | $0 | $-16,615 | $0 |
| Net income/loss from gaming and fundraising events | $6,256 | $3,858 | $2,667 |
| Gross income from gaming | $16,003 | $0 | $0 |
| Gross income from fundraising events | $0 | $7,939 | $6,066 |
| Less: direct expenses from gaming and fundraising events | $9,747 | $4,081 | $3,399 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $2,031 | $1,885 | $2,051 |
| Total expenses | $133,756 | $119,304 | $125,033 |
| Total net assets | $184,925 | $150,025 | $160,516 |
| Excess/Deficit for the year | $-13,502 | $-34,900 | $10,491 |
| Net assets or fund balances at beginning of year | $198,427 | $184,925 | $150,025 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $150,025 | $160,516 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $253,512 | $224,789 | $211,949 |
| Total liabilities | $68,587 | $74,764 | $51,433 |
| Net assets or fund balances | $184,925 | $150,025 | $160,516 |
| 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 | $256,480 |
| Subtotal Support | $256,480 |
| Gifts, grants, contributions, and membership fees received | $256,480 |
| 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 | $304,652 |
| Public Support | $256,480 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $23,943 |
| 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 | $24,229 |
| 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 | Studio Art Centers International Inc | 50 Broad Street, New York, NY 10004-2307 | NY | 1977-11 | $5,123,289 |
| 2 | Skowhegan School Of Painting And Sculpture Inc | 136 West 22nd Street, New York, NY 10011-2424 | NY | 1947-07 | $3,483,494 |
| 3 | Young Audience Inc, New Orleans Chapter | 615 Baronne St Ste 201, New Orleans, LA 70113-1060 | LA | 1963-12 | $3,213,327 |
| 4 | Young Audiences Of New Jersey | 200 Forrestal Road, Princeton, NJ 08540-6605 | NJ | 1975-01 | $3,128,519 |
| 5 | Urban Gateways | 205 W Randolph St Ste 1700, Chicago, IL 60606-1814 | IL | 1964-01 | $2,651,797 |
| 6 | Young Audiences Of Maryland Inc | 2600 N Howard Street No 1300, Baltimore, MD 21218-4507 | MD | 1959-06 | $2,560,413 |
| 7 | Young Audiences-New York Inc | One East 53rd St 9th Fl, New York, NY 10022-4200 | NY | 1970-05 | $2,463,136 |
| 8 | Vsa Arts Of New Mexico Inc | 4904 4th St Nw, Albuquerque, NM 87107-3906 | NM | 1987-01 | $1,885,979 |
| 9 | Young Audiences Of Oregon Inc | 1220 Sw Morrison St Ste 1000, Portland, OR 97205-2229 | OR | 1964-06 | $1,698,817 |
| 10 | The Metropolitan Center For The Visual Arts Inc | 155 Gibbs St Ste 300, Rockville, MD 20850-0352 | MD | 1990-04 | $1,561,169 |
| 11 | Victor Association Of Cultural And Performing Arts Inc | 630 Crowley Rd, Farmington, NY 14425-9525 | NY | 1984-04 | $1,430,232 |
| 12 | Tara Institute Of The Performing Arts Incorporated | 4180 19th St, Boulder, CO 80304-0903 | CO | 1995-09 | $1,339,762 |
| 13 | Neighborhood Studios Of Fairfield County Inc | 391 E Washington Ave, Bridgeport, CT 06608-2233 | CT | 1979-04 | $1,150,648 |
| 14 | Theatre Lab | 733 6th St Nw, Washington, DC 20001 | DC | 1994-05 | $1,053,487 |
| 15 | Venice Arts | 1702 Lincoln Blvd, Venice, CA 90291-3968 | CA | 1994-04 | $987,717 |
| 16 | Young Audiences Of Indiana Inc | 3921 N Neridian Street, Indianapolis, IN 46208 | IN | 1975-11 | $935,753 |
| 17 | Sharon Arts Center | 457 Route 123, Sharon, NH 03458 | NH | 1948-08 | $807,899 |
| 18 | Vsa Vermont Inc | 20 W Canal St Ste C8, Winooski, VT 05404-2147 | VT | 1994-02 | $397,626 |
| 19 | River Gallery School Inc | 32 Main St, Brattleboro, VT 05301-3248 | VT | 1982-10 | $257,208 |
| 20 | Grass Roots Art And Community Efforts, G R A C E | PO BOX 960, Hardwick, VT 05843-0960 | VT | 1992-02 | $138,923 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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