Vermont Independent School Of The Arts Inc in Sharon, Vermont (VT)
Table of contents:
| Vermont Independent School Of The Arts Inc | |
| Employer Identification Number (EIN) | 030420714 |
| Name of Organization | Vermont Independent School Of The Arts Inc |
| In Care of Name | Scott Paulson |
| Address | PO BOX 216, Sharon, VT 05065-0216 |
| Subsection | Charitable Organization |
| Ruling Date | 04/2003 |
| 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 | 05/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $304,825 |
| Amount of Income | $79,454 |
| Form 990 Revenue Amount | $79,454 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Music |
Non-representatives - add comments:
Amount of income in 2014: $79,454 (it was $82,455 in 2013)
| Vermont Independent School Of The Arts Inc: | $79,454 |
| Other organizations performing similar types of work: | $51,420 |
Assets in 2014: $304,825 (it was $314,306 in 2013)
| Vermont Independent School Of The Arts Inc: | $304,825 |
| Other organizations performing similar types of work: | $15,938 |
Expenses in 2014: $84,639
| This organization: | $84,639 |
| 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: 25.6%
| Vermont Independent School Of The Arts Inc: | 25.6% |
| Other organizations performing similar types of work: | 5.6% |
Revenue for 2014
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $73,670 | $82,455 | $79,454 |
| Contributions, gifts, grants, and similar amounts received | $15,725 | $22,678 | $20,375 |
| Program service revenue including government fees and contracts | $23,009 | $22,603 | $24,267 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $34,936 | $35,680 | $34,812 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $1,494 | $0 |
| Total expenses | $79,270 | $82,073 | $84,639 |
| Total net assets | $207,621 | $208,003 | $202,818 |
| Excess/Deficit for the year | $-5,600 | $382 | $-5,185 |
| Net assets or fund balances at beginning of year | $213,221 | $207,621 | $208,003 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $208,003 | $202,818 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $319,469 | $314,306 | $304,825 |
| Total liabilities | $111,848 | $106,303 | $102,007 |
| Net assets or fund balances | $207,621 | $208,003 | $202,818 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| 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 | Yes | Yes | Yes |
| Has the organization filed a Form 990-T for the year? | Yes | Yes | |
| 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 2014) | |
| The organization is not a private foundation because it is: | A school described in section 170(b)(1)(A)(ii) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Unrelated Trade or Business Income (for 2009) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $27,525 | $0 | $27,525 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $0 | $0 | $0 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $275,251 | $0 | $27,525 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2009) | |
| Total deductions | $24,712 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $2,246 |
| Bad debts | $0 |
| Interest | $4,482 |
| Taxes and licenses | $3,342 |
| Charitable contributions | $0 |
| Depreciation | $316 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $8,326 |
| Unrelated business taxable income | $0 |
| Unrelated business taxable income before net operating loss deduction | $2,813 |
| Net operating loss deduction | $2,187 |
| Unrelated business taxable income before specific deduction | $0 |
| Specific deduction | $1,000 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Next Stage Arts Project Incorporated | 15 Kimball Hill, Putney, VT 05346 | VT | 2013-01 | $566,394 |
| 2 | Lake Champlain Chamber Music Festival | Festival Inc 20 Winooski Falls Way, Winooski, VT 05404 | VT | 2009-09 | $248,012 |
| 3 | Stowe Summer Music Festival Inc | 668 Worcester Loop Rd, Stowe, VT 05672-4324 | VT | 2005-08 | $218,140 |
| 4 | Interplay Jazz & Arts Inc | 59 Draper Rd, Hartland, VT 05048-9568 | VT | 2012-10 | $114,226 |
| 5 | Windsor School Of Music Inc | 174 East Rd, Stamford, VT 05352-9522 | VT | 2009-05 | $20,078 |
| 6 | Scrag Mountain Music Inc | 4996 Hollister Hill Road, Marshfield, VT 05658 | VT | 2011-09 | $9,747 |
| 7 | Amateur Musicians Orchestra | 41 John St, Shelburne, VT 05482 | VT | 2003-05 | $0 |
| 8 | Big Heavy World Foundation Inc, Big Heavy World | Po Box 428, Burlington, VT 05402 | VT | 2010-07 | $0 |
| 9 | Brookfield Community Singers | 20 Elm Street, Randolph, VT 05060 | VT | 2011-09 | $0 |
| 10 | Catamount Pipe Band Inc | 1611 Vt Rte 232, Marshfield, VT 05658 | VT | 2001-07 | $0 |
| 11 | Community Engagement Lab Inc | 41 Summer St, Montpelier, VT 05602 | VT | 2013-03 | $0 |
| 12 | Grafton Music Festival Inc | Po Box 21, Grafton, VT 05146 | VT | 2013-03 | $0 |
| 13 | Green Mountain Mahler Festival Inc | Pob 9434, South Burlington, VT 05407-9434 | VT | 2009-09 | $0 |
| 14 | Montpelier Chamber Orchestra Society Inc | P O Box 272, Montpelier, VT 05601 | VT | 1999-01 | $0 |
| 15 | Newport Area Community Orchestra Inc | 371 Vt Rt 111, Derby, VT 05829-9759 | VT | 2014-07 | $0 |
| 16 | Nordic Harmoni Chorus Inc, Nordic Harmoni | PO BOX 178, Londonderry, VT 05148-0178 | VT | 2010-04 | $0 |
| 17 | Northern Bronze Handbell Ensemble | 44 Whipple Rd, South Hero, VT 05486 | VT | 2013-03 | $0 |
| 18 | Open Music Collective Ltd | 74 Cotton Mill Hill Suite 335, Brattleboro, VT 05301 | VT | 2010-02 | $0 |
| 19 | Summer Music From Greensboro Inc | PO BOX 254, Greensboro, VT 05841 | VT | 1983-08 | $0 |
| 20 | Sundays On The Hill Inc | Po Box 74, Weston, VT 05161 | VT | 2003-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 4,730 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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