Threadhead Cultural Foundation in New Orleans, Louisiana (LA)

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Threadhead Cultural Foundation
Employer Identification Number (EIN)264543585
Name of OrganizationThreadhead Cultural Foundation
In Care of NameChris Joseph
Address128 Sherwood Forest Dr, New Orleans, LA 70119-3717
SubsectionEducational Organization, Charitable Organization
Ruling Date09/2009
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$68,573
Amount of Income$55,843
Form 990 Revenue Amount$37,911
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Arts, Cultural Organizations - Multipurpose


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Amount of income in 2013: $55,843 (it was $64,777 in 2012)
This organization: 

 $55,843
Other organizations performing similar types of work: 

 $59,050

Assets in 2013: $68,573 (it was $82,032 in 2012)
Threadhead Cultural Foundation: 

 $68,573
Other organizations performing similar types of work: 

 $25,518

Expenses in 2013: $51,370
Threadhead Cultural Foundation: 

 $51,370
Other organizations performing similar types of work: 

 $51,518

Income to expenses ratio in 2013: 1.1
Threadhead Cultural Foundation: 

 1.1
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 37.3%
This organization: 

 37.3%
Other organizations performing similar types of work: 

 1.3%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$123,472$46,983$37,911
Contributions, gifts, grants, and similar amounts received$77,657$30,052$14,125
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$10,389$4,000$4,345
Investment income$0$8$8
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$21,508$9,167$19,433
Gross income from gaming$14,592$0$11,635
Gross income from fundraising events$27,258$26,961$25,730
Less: direct expenses from gaming and fundraising events$20,342$17,794$17,932
Gross profit/loss from sales of inventory$0$0$0
Other revenue$13,918$3,756$0
Total expenses$70,906$28,205$51,370
Total net assets$63,254$82,032$68,573
Excess/Deficit for the year$52,566$18,778$-13,459
Net assets or fund balances at beginning of year$10,688$63,254$82,032
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$82,032$68,573
Balance Sheets
201120122013
Total assets$63,254$82,032$68,573
Total liabilities$0$0$0
Net assets or fund balances$63,254$82,032$68,573
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?YesNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$365,607
Subtotal$365,607
Gifts, grants, contributions, and membership fees received$175,581
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$190,026
Gross receipts from activities that are not an unrelated trade or business under section 513$0
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
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$365,615
Public support$365,607
Subtotal$8
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$8
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Womans Art Club Of Cincinnati Foundation6980 Cambridge Ave, Cincinnati, OH 45227-3362OH2007-03$122,085
2George Rodrigue Foundation IncPO BOX 51227, Lafayette, LA 70505-1227LA2009-07$1,026,016
3Sankofa Community Development CorporationPO BOX 771076, New Orleans, LA 70177-1076LA2009-06$336,845
4Lyke Foundation102 Ann Court, Montz, LA 70068-8980LA2010-09$172,421
5Treme Cultural Heritage Foundation1836 Bayou Rd, New Orleans, LA 70116-2206LA2003-10$147,408
6Br Walls Project451 Florida St Ste 102, Baton Rouge, LA 70801-1734LA2015-01$134,800
7Life Is Art Foundation2448 N Villere St, New Orleans, LA 70117-8361LA2009-05$129,947
8Tamale Fiesta Land Of El Camino Real IncPO BOX 246, Zwolle, LA 71486-0246LA2008-08$129,746
9Threadhead Cultural Foundation128 Sherwood Forest Dr, New Orleans, LA 70119-3717LA2009-09$55,843
10Women Of The World Foundation1406 7th St, New Orleans, LA 70115-3321LA2004-08$41,123
11Louisiana Cotton Festival Association Incorporated1293 Lee St, Ville Platte, LA 70586-6312LA2012-03$40,064
12South Louisiana Wildfowl CarversPO BOX 20725, Houma, LA 70360-0725LA1999-09$36,325
13Mesa Production Company733 Hagan Ave, New Orleans, LA 70119-4914LA2004-03$31,700
14Techeland Arts Council308 Adams St, Franklin, LA 70538LA2010-08$18,498
15Downtown Arts AllianceP O Box 2952, West Monroe, LA 71294LA2010-05$11,750
16Gulfcoast Blacksmith Assoc Inc61 Hyacinth Dr, Covington, LA 70433LA2000-02$4,235
17Treme Arts Center1939 Burgundy Street, New Orleans, LA 70116-1669LA2004-05$4,000
18Hammond Art GuildPO BOX 1213, Hammond, LA 70404-1213LA2011-10$2,702
19Brooklyn Four Plus One Inc110 Veterans Blvd Ste370, Metairie, LA 70005LA2013-04$400
20Aaron F Broussard Performing Arts Foundation1 Galleria Blvd Ste 1100, Metairie, LA 70001-7534LA2009-07$0
Number of organizations performing similar types of work
Alaska22
Alabama63
Arkansas50
Arizona135
California1,022
Colorado143
Connecticut88
District of Columbia74
Delaware13
Florida371
Georgia162
Hawaii83
Iowa63
Idaho34
Illinois240
Indiana102
Kansas48
Kentucky74
Louisiana85
Massachusetts189
Maryland133
Maine46
Michigan156
Minnesota133
Missouri129
Mississippi35
Montana33
North Carolina169
North Dakota14
Nebraska42
New Hampshire25
New Jersey180
New Mexico70
Nevada39
New York667
Ohio194
Oklahoma53
Oregon141
Pennsylvania218
Rhode Island33
South Carolina64
South Dakota17
Tennessee93
Texas380
Utah63
Virginia178
Vermont26
Washington183
Wisconsin110
West Virginia47
Wyoming10
International21
Total6,763

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