Afroworld Enterprises Ltd Not For Profit Corporation in Milwaukee, Wisconsin (WI)
Table of contents:
| Afroworld Enterprises Ltd Not For Profit Corporation | |
| Employer Identification Number (EIN) | 391422633 |
| Name of Organization | Afroworld Enterprises Ltd Not For Profit Corporation |
| In Care of Name | Charlotte Sain |
| Address | 275 W Wisconsin Ave, Milwaukee, WI 53203-3318 |
| Activities | Fair, Cultural performances, Described in section 509(a)(2) of the Code |
| Subsection | Charitable Organization |
| Ruling Date | 08/1983 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $1 to $9,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $5,455 |
| Amount of Income | $626,641 |
| Form 990 Revenue Amount | $596,328 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Cultural, Ethnic Awareness |
Non-representatives - add comments:
Amount of income in 2012: $626,641 (it was $431,275 in 2011)
| Afroworld Enterprises Ltd Not For Profit Corporation: | $626,641 |
| Other organizations performing similar types of work: | $120,360 |
Assets in 2012: $5,455 (it was $46,441 in 2011)
| This organization: | $5,455 |
| Other organizations performing similar types of work: | $169,282 |
Expenses in 2012: $644,289
| Afroworld Enterprises Ltd Not For Profit Corporation: | $644,289 |
| Other organizations performing similar types of work: | $104,111 |
Income to expenses ratio in 2012: 1.0
| Afroworld Enterprises Ltd Not For Profit Corporation: | 1.0 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 42.8%
| Afroworld Enterprises Ltd Not For Profit Corporation: | 42.8% |
| Other organizations performing similar types of work: | 0.0% |
Revenue for 2012
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2012) | |
| Total revenue | $596,328 |
| Contributions, Gifts, Grants and Other Similar Amounts | $254,994 |
| Program Service Revenue | $300,546 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $2 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $30,731 |
| Gross income from fundraising events | $61,044 |
| Less: direct expenses | $30,313 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $10,055 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $644,289 |
| Compensation of current officers, directors, trustees, and key employees | $0 |
| Other salaries and wages | $0 |
| Payroll taxes | $0 |
| Professional fundraising services | $0 |
| Other | $644,289 |
| Balance Sheet (for 2012) | |
| Total assets | $5,455 |
| Total liabilities | $214,380 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $56,764 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $157,616 |
| Total net assets or fund balances | $-208,925 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2012) | |
| 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) |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total Support | $279,337 |
| Gifts, grants, contributions, and membership fees received | $279,337 |
| 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 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $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 | The Workmens Circle Arbeter Ring Incorporated | 247 W 37th St Frnt 5, New York, NY 10018-5129 | NY | 1965-06 | $54,135,638 |
| 2 | Turkish Cultural Foundation | 1510 H St Nw Ste 900, Washington, DC 20005-1014 | DC | 2000-06 | $11,121,296 |
| 3 | Polish Heritage Alliance Inc | 6941 S 68th St, Franklin, WI 53132-8237 | WI | 1983-07 | $1,323,778 |
| 4 | Afroworld Enterprises Ltd Not For Profit Corporation | 275 W Wisconsin Ave, Milwaukee, WI 53203-3318 | WI | 1983-08 | $626,641 |
| 5 | Indian Summer Inc | 10809 W Lincoln Ave Ste 101, West Allis, WI 53227-1176 | WI | 1986-09 | $531,627 |
| 6 | Latino Arts Inc | 1028 S 9th St, Milwaukee, WI 53204-1335 | WI | 1986-04 | $378,884 |
| 7 | Milwaukee Croatian Tamburitzans | 5210 Raven Dr, Greendale, WI 53129-2814 | WI | 1986-05 | $338,908 |
| 8 | Alliance Francaise De Milwaukee Inc | 1800 E Capitol Drive, Shorewood, WI 53211-2371 | WI | 1993-01 | $311,761 |
| 9 | Friends Of Norwegian Culture Inc | PO BOX 314, Stoughton, WI 53589-0314 | WI | 1994-02 | $115,778 |
| 10 | Tai Chi Chuan Center Of Milwaukee Inc | 2378 N 60th St, Milwaukee, WI 53210-2219 | WI | 1976-07 | $98,636 |
| 11 | Polanki Incorporated | 3217 S 68th St, Milwaukee, WI 53219-4005 | WI | 1982-04 | $86,943 |
| 12 | Swiss Center Of North America Inc | 507 Durst Rd, New Glarus, WI 53574-9475 | WI | 2000-11 | $82,677 |
| 13 | National Finnish American Festival Inc | Highway Us 2, Hurley, WI 54534 | WI | 1975-10 | $73,249 |
| 14 | African American World Cultural | 4222 W Capitol Dr, Milwaukee, WI 53216-2500 | WI | 1999-04 | $68,323 |
| 15 | Celtic Women International Ltd | W6998 County Rd U, Plymouth, WI 53073-4537 | WI | 1998-11 | $0 |
| 16 | Madison-Camaguey Sister City Association Inc | 1217 Seminole Hwy, Madison, WI 53711 | WI | 1999-10 | $0 |
| 17 | Maharashtra Mandal Milwaukee | W147n6635 Ash Dr, Menomonee Fls, WI 53051-0923 | WI | 2000-10 | $0 |
| 18 | Syttende Mai 17th Of May Inc, Westby Syttende Mai | Po Box 31, Westby, WI 54667 | WI | 1995-05 | $0 |
| 19 | Tibetan Heritage Institute | 504 Douglas Trail, Madison, WI 53716 | WI | 1990-02 | $0 |
| 20 | Wisconsin Organization Of Asian Americans | 1023 W Mitchell Street, Milwaukee, WI 53204 | WI | 1994-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,085 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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