Learnart in Savannah, Georgia (GA)
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
- Organizations performing similar types of work
| Learnart | |
| Employer Identification Number (EIN) | 900088818 |
| Name of Organization | Learnart |
| Address | 27 E 55th St, Savannah, GA 31405-3317 |
| Subsection | Charitable Organization |
| Ruling Date | 01/2006 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $100,000 to $499,999 |
| Income | $0 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $129,850 |
| Amount of Income | $1 |
| Form 990 Revenue Amount | $1 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts Education |
Non-representatives - add comments:
Amount of income in 2012: $1 (it was $1 in 2011)
| Learnart: | $1 |
| Other organizations performing similar types of work: | $63,694 |
Assets in 2012: $129,850 (it was $263,350 in 2011)
| Learnart: | $129,850 |
| Other organizations performing similar types of work: | $22,158 |
Expenses in 2012: $133,500
| Learnart: | $133,500 |
| Other organizations performing similar types of work: | $58,738 |
Income to expenses ratio in 2012: 0.0
| Learnart: | 0.0 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: -,nan,(ind)%
| Learnart: | -,nan,(ind)% |
| Other organizations performing similar types of work: | 72.3% |
| Analysis of Revenue and Expenses (for 2012) | ||||
| 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 | $133,500 | $0 | $0 | $133,500 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $0 | $0 | $0 | |
| Contributions, gifts, grants paid | $133,500 | |||
| Excess of revenue over expenses and disbursements | $-133,500 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $129,850 | $129,850 |
| 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 | $129,850 | |
| Total liabilities | $2,562 | |
| Mortgages and other notes payable | $0 | |
| Other | $2,562 | |
| Total liabilities and net assets/fund balances | $127,288 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| 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 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| 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? | Yes |
| 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 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| 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 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | 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 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| 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 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | One Love Generation | 1200 Foster St Nw Ste 11, Atlanta, GA 30318-4360 | GA | 2010-10 | $110,635 |
| 2 | Lcff Inc | P O Box 3733, Eatonton, GA 31024 | GA | 2011-12 | $51,659 |
| 3 | Georgia Educational Programs Inc | 725 Mcburnette Rd, Marietta, GA 30068 | GA | 2009-10 | $51,367 |
| 4 | Southeast Fiber Arts Alliance Incorporated | 1705 Commerce Dr Nw, Atlanta, GA 30318-3107 | GA | 2010-01 | $41,088 |
| 5 | The Artists Guild Of Columbus Ga Inc | PO BOX 5142, Columbus, GA 31906 | GA | 2014-03 | $20,876 |
| 6 | Eagles Tfxc Inc | 2133 Lville Suwanee Rd Suite12 166, Lawrenceville, GA 30043 | GA | 2011-10 | $16,868 |
| 7 | The Masterworks Foundation | 5303 Holly Brooke Lane, Loganville, GA 30052 | GA | 2002-07 | $13,483 |
| 8 | Griffin-Spalding Art Association Inc | P O Box 81, Griffin, GA 30224 | GA | 2014-06 | $3,423 |
| 9 | Atlanta Friends Of The Alphabet Inc | Po Box 682, Decatur, GA 30031-0682 | GA | 2014-08 | $1,710 |
| 10 | Humanitarian International Services Foundation Inc | 1950 Buford Dam Road, Cumming, GA 30041-1262 | GA | 2014-08 | $1 |
| 11 | 9 Muses Artist Resource Organization | 594 Shannon Drive Sw, Atlanta, GA 30310 | GA | 2003-08 | $0 |
| 12 | Africian American For The Arts | 2034 Venetian Dr Sw, Atlanta, GA 30311-4030 | GA | 2003-01 | $0 |
| 13 | Ajadaco Inc | Po Box 16616, Augusta, GA 30919 | GA | 2007-11 | $0 |
| 14 | Angels In Disguise Exist- Aide Foundation Inc | 3604 Nassau Drive, Augusta, GA 30909 | GA | 2014-06 | $0 |
| 15 | Art 4 Kidz Program Inc | 3102 Bellingham Way, Lithia Spgs, GA 30122-2193 | GA | 2004-09 | $0 |
| 16 | Art Of Living Coalition Inc | 1353 Riverstone Pkwy, Canton, GA 30114 | GA | 2015-01 | $0 |
| 17 | Art With A Mission Inc | 18 Summit Walk, Peachtree City, GA 30269 | GA | 2011-05 | $0 |
| 18 | Artportunity Knocks | 3961 Floyd Rd Ste 300-376, Austell, GA 30106 | GA | 2011-04 | $0 |
| 19 | Arts Resource Collective Of Savannah | Po Box 9304, Savannah, GA 31412 | GA | 2014-07 | $0 |
| 20 | Artworks 4 Ena Inc | Po Box 742427, Riverdale, GA 30274 | GA | 2015-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,818 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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