Sam & Elizabeth Colt American Cultural Foundation in Bristol, Connecticut (CT)
Table of contents:
| Sam & Elizabeth Colt American Cultural Foundation | |
| Employer Identification Number (EIN) | 522385333 |
| Name of Organization | Sam & Elizabeth Colt American Cultural Foundation |
| In Care of Name | James L Griffin |
| Address | 63 Dorset Way, Bristol, CT 06010-4772 |
| Subsection | Charitable Organization |
| Ruling Date | 08/2003 |
| 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 | 2010 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $92,489 |
| Amount of Income | $110,473 |
| Form 990 Revenue Amount | $109,903 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Museum, Museum Activities |
Non-representatives - add comments:
Amount of income in 2010: $110,473 (it was $109,903 in 2013)
| Sam & Elizabeth Colt American Cultural Foundation: | $110,473 |
| Other organizations performing similar types of work: | $69,335 |
Assets in 2010: $92,489 (it was $92,489 in 2013)
| This organization: | $92,489 |
| Other organizations performing similar types of work: | $145,105 |
Expenses in 2013: $78,602
| This organization: | $78,602 |
| Other organizations performing similar types of work: | $47,186 |
Income to expenses ratio in 2013: 1.4
| This organization: | 1.4 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 100.5%
| Sam & Elizabeth Colt American Cultural Foundation: | 100.5% |
| Other organizations performing similar types of work: | 26.3% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $190,250 | $111,687 | $109,903 |
| Contributions, gifts, grants, and similar amounts received | $190,250 | $110,558 | $110,473 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $-570 |
| Gross amount from sale of assets other than inventory | $0 | $0 | $0 |
| Less: cost or other basis and sales expenses | $0 | $0 | $570 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $1,129 | $0 |
| Total expenses | $73,437 | $53,010 | $78,602 |
| Total net assets | $-22,372 | $36,305 | $67,604 |
| Excess/Deficit for the year | $116,813 | $58,677 | $31,301 |
| Net assets or fund balances at beginning of year | $-139,185 | $-22,372 | $36,303 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $-22,372 | $36,305 | $67,604 |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $107,532 | $113,372 | $92,489 |
| Total liabilities | $129,904 | $77,067 | $24,885 |
| Net assets or fund balances | $-22,372 | $36,305 | $67,604 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No |
| Were any significant changes made to the organizing or governing documents? | No | 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 | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | 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? | Yes | Yes | Yes |
| Total amount involved | $104,602 | $58,402 | $10,893 |
| 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 | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | 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 | $110,473 |
| Subtotal Support | $110,473 |
| Gifts, grants, contributions, and membership fees received | $110,473 |
| 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 | $110,473 |
| Public Support | $110,473 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 | $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 | Trust For African Rock Arts | 77 W Wacker Dr, Chicago, IL 60601-1604 | IL | 2001-09 | $595,502 |
| 2 | Sam & Elizabeth Colt American Cultural Foundation | 63 Dorset Way, Bristol, CT 06010-4772 | CT | 2003-08 | $110,473 |
| 3 | Leroy Anderson Foundation Inc | PO BOX 447, Woodbury, CT 06798-0447 | CT | 2011-10 | $71,752 |
| 4 | Windsor Locks War Veterans Memorial Inc | PO BOX 5, Enfield, CT 06083-0005 | CT | 1940-06 | $52,049 |
| 5 | Ward-Heitman Museum Foundation Inc | PO BOX 573, West Haven, CT 06516-0573 | CT | 1996-11 | $31,782 |
| 6 | 102nd Infantry Regiment Museum Inc, West Haven Veteran's Museum | 30 Hood Terrace, West Haven, CT 06516 | CT | 1995-01 | $0 |
| 7 | Ansonia Fire Museum Inc | 2051 Main St, Stratford, CT 06615-6341 | CT | 2008-01 | $0 |
| 8 | Bristol Sports Hall Of Fame & Museum | 255 Divinity St, Bristol, CT 06010 | CT | 1998-10 | $0 |
| 9 | Chester War Memorial Expansion Committee Inc | 62 Wig Hill Rd # 1, Chester, CT 06412-1124 | CT | 2002-10 | $0 |
| 10 | Friends Of African Heritage Inc | 5 Old Stone Rd, Darien, CT 06820-4419 | CT | 2003-07 | $0 |
| 11 | Harvest Research In Culture Inc | 175 Brookridge Avenue, Fairfield, CT 06825 | CT | 2011-11 | $0 |
| 12 | Heritage Flight Foundation | 353 Greenhaven Rd, Pawcatuck, CT 06379 | CT | 2009-04 | $0 |
| 13 | Hill Museum Corp | 210 West St, New Haven, CT 06519-1226 | CT | 2013-02 | $0 |
| 14 | Irelands Great Hunger Museum Inc | 275 Mount Carmel Ave, Hamden, CT 06518-1905 | CT | 2013-07 | $0 |
| 15 | Manchester Connecticut Sports Hall Of Fame Inc | 71 Willow Glen Dr Unit 2, Coventry, CT 06238-3265 | CT | 2014-12 | $0 |
| 16 | Mbwwiih Inc | 71 Plymouth Road, Stamford, CT 06906 | CT | 2007-05 | $0 |
| 17 | Mechanical Music Library International | Po Box 1007, Darien, CT 06820 | CT | 2010-12 | $0 |
| 18 | Metro-North Division National Model Railroad Association Inc | 136 Far Mill Street, Shelton, CT 06484 | CT | 2013-05 | $0 |
| 19 | Museum Of Connecticut Glass Inc | 27 Plank Lane, Glastonbury, CT 06033-2523 | CT | 1994-06 | $0 |
| 20 | National Association Of Watch And Clock Collectors Inc | 409a Montauk Lane, Stratford, CT 06614 | CT | 2012-10 | $0 |
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| Total | 2,844 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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