Venezuelan Sounds Foundation in Washington, District of Columbia (DC)

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Venezuelan Sounds Foundation
Employer Identification Number (EIN)271699465
Name of OrganizationVenezuelan Sounds Foundation
In Care of NameTimi Gerson
Address1807 6th St Nw, Washington, DC 20001-5107
SubsectionEducational Organization
Ruling Date09/2011
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 Period12/2012
Assets$1 to $9,999
Income$500,000 to $999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$3,323
Amount of Income$752,206
Form 990 Revenue Amount$752,206
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Music


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Amount of income in 2012: $752,206 (it was $118,469 in 2011)
Venezuelan Sounds Foundation: 

 $752,206
Other organizations performing similar types of work: 

 $51,420

Assets in 2012: $3,323 (it was $118,206 in 2011)
This organization: 

 $3,323
Other organizations performing similar types of work: 

 $15,938

Expenses in 2012: $867,089
This organization: 

 $867,089
Other organizations performing similar types of work: 

 $45,736

Income to expenses ratio in 2012: 0.9
This organization: 

 0.9
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2012: 100.0%
This organization: 

 100.0%
Other organizations performing similar types of work: 

 5.6%

Financial snapshot ($)

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$752,206
Contributions, Gifts, Grants and Other Similar Amounts$752,206
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0
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$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$867,089
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$867,089
Balance Sheet (for 2012)
Total assets$3,323
Total liabilities$0
Total net assets or fund balances$3,323
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$870,675
Gifts, grants, contributions, and membership fees received$870,675
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
IdNameAddressStateEstablishedTotal Income
1Dc Jazz Festival2550 M Street Nw, Washington, DC 20037-1301DC2006-03$1,029,013
2Venezuelan Sounds Foundation1807 6th St Nw, Washington, DC 20001-5107DC2011-09$752,206
3Renovation In Music Education1324 R St Nw Apt 3, Washington, DC 20009-4344DC2001-11$491,176
4Girls Rock Dc Inc5524 4th Street Nw, Washington, DC 20011DC2010-09$142,561
5American Friends Of The Three Choirs Festival Inc1747 Pennsylvania Ave Nw Ste 1000, Washington, DC 20006-4636DC2015-01$0
6Capitalbop Inc2029 Connecticut Ave Nw Ste 55, Washington, DC 20008-6142DC2013-05$0
7Capitol Early Music IncPo Box 76124, Washington, DC 20013DC2014-09$0
8Deeper Life Today4915 Sargent Rd Ne, Washington, DC 20017-2821DC2014-11$0
9Earl Bank Lettumplay5209 Banks Pl Ne, Washington, DC 20019-6636DC2001-07$0
10Musicianship Inc, Musicianship Dc2621 Garfield St Nw, Washington, DC 20008-4103DC2014-03$0
11Musicianship Inc, The Musicianship2621 Garfield St Nw, Washington, DC 20008DC2010-04$0
12National Arts Treasure Initiative Inc3801, Washington, DC 20016DC2012-07$0
13Old Grand Theater Company1236 C St Se, Washington, DC 20003DC2012-07$0
14Poetics Inc4350 Argyle Ter Nw, Washington, DC 20011-4244DC2015-04$0
15Rumie Initiative Inc, Rumie Initiative1700 K St Nw Winston Strawn Llp, Washington, DC 20006DC2014-06$0
16Singing A-Z3001 Wisconsin Avenue Nw, Washington, DC 20016DC2006-09$0
17Strings And Things5045 Call Place 203, Washington, DC 20019DC2009-02$0
18Swann Foundation For Music Education413 D Street Se, Washington, DC 20003DC2008-07$0
19The Music Teaching Project6500 7th Street Nw, Washington, DC 20012DC2007-04$0
20Young Womens Drumming Empowerment Project Inc1413 Downing Street Ne, Washington, DC 20018DC1999-08$0
Number of organizations performing similar types of work
Alaska8
Alabama45
Arkansas34
Arizona71
California623
Colorado120
Connecticut80
District of Columbia27
Delaware16
Florida242
Georgia110
Hawaii32
Iowa43
Idaho20
Illinois172
Indiana68
Kansas32
Kentucky44
Louisiana60
Massachusetts171
Maryland92
Maine33
Michigan156
Minnesota109
Missouri75
Mississippi23
Montana20
North Carolina111
North Dakota7
Nebraska26
New Hampshire23
New Jersey121
New Mexico43
Nevada29
New York466
Ohio125
Oklahoma33
Oregon102
Pennsylvania158
Rhode Island10
South Carolina59
South Dakota12
Tennessee84
Texas299
Utah38
Virginia128
Vermont23
Washington173
Wisconsin87
West Virginia26
Wyoming13
International8
Total4,730

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