Scarabocchio Art Foundation Inc in Stevens Point, Wisconsin (WI)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Organizations performing similar types of work
Scarabocchio Art Foundation Inc | |
Employer Identification Number (EIN) | 201485137 |
Name of Organization | Scarabocchio Art Foundation Inc |
In Care of Name | Markalan T Smith |
Address | 5625 Sandpiper Dr, Stevens Point, WI 54482-8974 |
Subsection | Educational Organization |
Ruling Date | 09/2006 |
Deductibility | Contributions are deductible |
Foundation | Private operating foundation (other) |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2010 |
Assets | $1 to $9,999 |
Income | $100,000 to $499,999 |
Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
Asset Amount | $7,689 |
Amount of Income | $165,052 |
Form 990 Revenue Amount | $0 |
National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Visual Arts Organizations |
Non-representatives - add comments:
Amount of income in 2010: $165,052 (it was $0 in 2011)
This organization: | $165,052 |
Other organizations performing similar types of work: | $50,352 |
Assets in 2010: $7,689 (it was $5,628 in 2011)
Scarabocchio Art Foundation Inc: | $7,689 |
Other organizations performing similar types of work: | $28,414 |
Expenses in 2011: $2,062
Scarabocchio Art Foundation Inc: | $2,062 |
Other organizations performing similar types of work: | $39,961 |
Income to expenses ratio in 2011: 80.0
This organization: | 80.0 |
Other organizations performing similar types of work: | 0.8 |
Grants share in income in 2011: -,nan,(ind)%
Scarabocchio Art Foundation Inc: | -,nan,(ind)% |
Other organizations performing similar types of work: | 100.0% |
Expenses for 2011
Analysis of Revenue and Expenses (for 2011) | ||||
Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
---|---|---|---|---|
Total revenue | $0 | $0 | $0 | |
Total expenses and disbursements | $2,062 | $0 | $0 | $1,100 |
Compensation of officers, directors, trustees, etc. | $0 | |||
Total operating and administrative expenses | $962 | $0 | $0 | |
Contributions, gifts, grants paid | $1,100 | |||
Excess of revenue over expenses and disbursements | $-2,062 | |||
Net investment income | $0 | |||
Adjusted net income | $0 |
Balance Sheets (for 2011) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $5,628 | $5,628 |
Cash - non-interest-bearing | $0 | |
Investments-U.S. and state government obligations | $0 | |
Investments-corporate stock | $0 | |
Investments-corporate bonds | $0 | |
Investments-mortgage loans | $0 | |
Investments-other | $0 | |
Other | $5,628 | |
Total liabilities | $0 | |
Total liabilities and net assets/fund balances | $5,628 |
Capital Gains and Losses for Tax on Investment Income (for 2011) | |
Capital gain net income | $0 |
Net capital loss | $0 |
Excise Tax Based on Investment Income (for 2011) | |
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
Tax based on investment income | $0 |
Total credits and payments | $0 |
Any penalty for underpayment of estimated tax | $0 |
Tax due | $0 |
Amount to be credited to 2012 estimated tax | $0 |
Statements Regarding Activities (for 2011) | |
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011? | Yes |
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
During the year did the foundation (either directly or indirectly): | |
Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
Agree to pay money or property to a government official? | No |
At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | No |
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
During the year did the foundation pay or incur any amount to: | |
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
Provide a grant to an individual for travel, study, or other similar purposes? | No |
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
Minimum Investment Return (for 2011) | |
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $7,221 |
Net value of noncharitable-use assets | $7,120 |
Minimum investment return | $356 |
Distributable Amount (for 2011) | |
Distributable amount | $0 |
Undistributed Income (for 2011) | |
Distributable amount for 2011 | $0 |
Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
Private Operating Foundations (for 2011) | |||||
2011 | 2010 | 2009 | 2008 | Total | |
---|---|---|---|---|---|
The lesser of the adjusted net income or the minimum investment return | $356 | $0 | $0 | $0 | $356 |
Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
Value of all assets | $1 | $0 | $0 | $0 | $1 |
Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
Gross investment income | $0 | $0 | $0 | $0 | $0 |
Unrelated Trade or Business Income (for 2008) | |||
Income | Expenses | Net | |
---|---|---|---|
Total | $1,338 | $0 | $1,338 |
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 | $1,338 | $0 | $1,338 |
Rent income | $0 | $0 | $0 |
Unrelated debt-financed income | $0 | $0 | $0 |
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 2008) | |
Total deductions | $3,302 |
Compensation of officers, directors, and trustees | $0 |
Salaries and wages | $0 |
Repairs and maintenance | $0 |
Bad debts | $0 |
Interest | $0 |
Taxes and licenses | $0 |
Charitable contributions | $0 |
Depreciation | $0 |
Depletion | $0 |
Contributions to deferred compensation plans | $0 |
Employee benefit programs | $0 |
Excess exempt expenses | $0 |
Excess readership costs | $0 |
Other deductions | $3,302 |
Unrelated business taxable income | $-1,964 |
Unrelated business taxable income before net operating loss deduction | $-1,964 |
Net operating loss deduction | $0 |
Unrelated business taxable income before specific deduction | $-1,964 |
Specific deduction | $1,000 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Waukesha Guitar Town Inc | 408 E Roberta Ave, Waukesha, WI 53186-6636 | WI | 2012-08 | $436,387 |
2 | Arts Events Inc | PO BOX 1344, De Pere, WI 54305 | WI | 2007-06 | $337,140 |
3 | Scarabocchio Art Foundation Inc | 5625 Sandpiper Dr, Stevens Point, WI 54482-8974 | WI | 2006-09 | $165,052 |
4 | Underwood Foundation Ltd | 6922 Hillcrest Drive, Wauwatosa, WI 53213 | WI | 2008-12 | $43,200 |
5 | International Vr Photography Association | 3025 W Highland Blvd, Milwaukee, WI 53208 | WI | 2007-05 | $26,982 |
6 | Whitewater Arts Alliance Inc | PO BOX 311, Whitewater, WI 53190-0311 | WI | 2005-08 | $25,305 |
7 | Ephraim Faience Pottery Collectors Society Inc | N1507 Chicago Club, Fontana, WI 53125 | WI | 2012-06 | $347 |
8 | A Patch Of Lakeshore Quilters | Po Box 1952, Manitowoc, WI 54220 | WI | 2012-08 | $0 |
9 | Ashland Mural Walk Project | PO BOX 403, Ashland, WI 54806 | WI | 2000-05 | $0 |
10 | Biography Inc | S76w17582 Saint Leonards Dr, Muskego, WI 53150-9309 | WI | 2005-02 | $0 |
11 | Friends Of The Grand | N4078 Thompson Road, Weyauwega, WI 54983 | WI | 1999-02 | $0 |
12 | International Society For Aviation Photography Inc | N4752 Valley Road, Luxemburg, WI 54217 | WI | 2005-04 | $0 |
13 | Making Spirits Bright | Po Box 441, Sheboygan, WI 53082 | WI | 2013-10 | $0 |
14 | Mazomanie Historic Art Center, Mazomanie Regional Heritage Center | 7094 Paoli Road, Verona, WI 53593 | WI | 2005-03 | $0 |
15 | Modern Quilt Guild Inc | 4301 Hillcrest Dr, Madison, WI 53705 | WI | 2014-08 | $0 |
16 | Northeast Wisconsin Watercolor Society | 1066 Green Acres Lane, Neenah, WI 54956 | WI | 2014-10 | $0 |
17 | Ravn Rural Arts Voice North | 10754 S Tracy Road, Solon Springs, WI 54873 | WI | 2011-05 | $0 |
18 | Spirit Of The Rivers Monument Charitable Corporation Inc | 1131 S 8th Street, Manitowoc, WI 54220 | WI | 2011-04 | $0 |
19 | Three Lakes Schoolcommunity Arts Association Inc | P O Box 462, Three Lakes, WI 54562 | WI | 2003-01 | $0 |
20 | Wisconsin Rosemaling Assoc | 308 Johnson Ct, Stoughton, WI 53589-1179 | WI | 2015-04 | $0 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 1,528 |
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