Olney Arts Council in Olney, Illinois (IL)
Table of contents:
| Olney Arts Council | |
| Employer Identification Number (EIN) | 510179115 |
| Name of Organization | Olney Arts Council |
| Address | PO BOX 291, Olney, IL 62450-0291 |
| Activities | Community theatrical group |
| Subsection | Civic League |
| Ruling Date | 08/1979 |
| Deductibility | Contributions are deductible |
| Foundation | All organizations except 501(c)(3) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $109,059 |
| Amount of Income | $53,461 |
| Form 990 Revenue Amount | $53,461 |
Non-representatives - add comments:
Revenue for 2014
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $102,846 | $45,668 | $48,715 | $53,461 |
| Contributions, gifts, grants, and similar amounts received | $83,798 | $23,224 | $18,576 | $25,344 |
| Program service revenue including government fees and contracts | $10,704 | $13,417 | $22,021 | $19,149 |
| Membership dues and assessments | $4,435 | $4,235 | $3,407 | $4,435 |
| Investment income | $3,909 | $4,792 | $4,711 | $4,533 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $35,358 | $52,710 | $54,778 | $44,775 |
| Total net assets | $113,478 | $106,436 | $100,373 | $109,059 |
| Excess/Deficit for the year | $67,488 | $-7,042 | $-6,063 | $8,686 |
| Net assets or fund balances at beginning of year | $45,990 | $113,478 | $106,436 | $100,373 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $100,373 | $109,059 | ||
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $113,478 | $106,436 | $100,373 | $109,059 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $113,478 | $106,436 | $100,373 | $109,059 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | ||
| Were any significant changes made to the organizing or governing documents? | No | No | ||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | ||
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | ||
| Amount of political expenditures, direct or indirect | $0 | $0 | ||
| Did the organization file Form 1120-POL for this year? | 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? | No | No | ||
| Total amount involved | $0 | $0 | ||
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $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 | ||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | ||
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | Not provided |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
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| Other organizations in Illinois | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Old Town Triangle Association | 1763 N North Park Ave, Chicago, IL 60614-5746 | IL | 1983-01 | $504,311 |
| 2 | Old Willow Club | PO BOX 102, Northfield, IL 60093-0102 | IL | 1971-02 | $605,137 |
| 3 | Olde Towne Historic District | Po Box 6428, Peoria, IL 61602 | IL | 1995-06 | $0 |
| 4 | Older Americans Of Knox Inc | 176 Farnham St, Galesburg, IL 61401 | IL | 1983-10 | $0 |
| 5 | Older Womens League | 401 S Lasalle 1st 801-U, Chicago, IL 60637 | IL | 1982-05 | $0 |
| 6 | Ole X L Weber Charitable Foundation Inc | 2216 Knox Highway 36, Wataga, IL 61488-9402 | IL | 1969-03 | $966 |
| 7 | 1st Midamerica Credit Union | 731 E Bethalto Dr, Bethalto, IL 62010-1872 | IL | 1955-06 | $27,288,474 |
| 8 | Oliver R Kraehe Charitable Tr | 135 S Lasalle St, Chicago, IL 60603-4177 | IL | $459,253 | |
| 9 | Oliver-Hoffmann Family Foundation | 3108 S Rt 59 Suite 124-373, Naperville, IL 60564-8021 | IL | 1989-10 | $1 |
| 10 | Olivet Nazarene University Foundation | 1 University Ave, Bourbonnais, IL 60914-2345 | IL | 1970-03 | $18,719,673 |
| 11 | Olney Arts Council | PO BOX 291, Olney, IL 62450-0291 | IL | 1979-08 | $53,461 |
| 12 | Olney Central College Foundation | 305 N West St, Olney, IL 62450-1043 | IL | 1971-10 | $361,028 |
| 13 | Olney Chamber Of Commerce | PO BOX, Olney, IL 62450 | IL | 1943-06 | $92,816 |
| 14 | Olney Community Child Development Center Inc | PO BOX 146, Olney, IL 62450-0146 | IL | 1975-07 | $271,491 |
| 15 | Olujimi Incorporated | 5258 S Emerald Ave, Chicago, IL 60609-6111 | IL | 1994-09 | $1 |
| 16 | Olympia Progressive Baseball Association | 8129 N 75 E Road, Stanford, IL 61774 | IL | 2001-11 | $91,108 |
| 17 | Olympia West Parent Teacher Organization | 302 North School Street, Minier, IL 61759 | IL | 2010-01 | $42,454 |
| 18 | Omalley & Associates Charitable Foundation | 2001 Butterfield Rd Ste 920, Downers Grove, IL 60515-5473 | IL | 2005-05 | $24,997 |
| 19 | Omalley Foundation | 496 Phillips Ave, Glen Ellyn, IL 60137-5013 | IL | 1999-01 | $31,947 |
| 20 | Omega Community Health Care Organization | 400 W Higgins Rd, Park Ridge, IL 60068-5751 | IL | 2004-02 | $150,202 |


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