Water Street Community Foundation For The Arts in Georgetown, Kentucky (KY)
Table of contents:
| Water Street Community Foundation For The Arts | |
| Employer Identification Number (EIN) | 452234448 |
| Name of Organization | Water Street Community Foundation For The Arts |
| Address | 126 W College St, Georgetown, KY 40324-1332 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 10/2011 |
| 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 | 12/2013 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $4,908 |
| Amount of Income | $4,700 |
| Form 990 Revenue Amount | $4,700 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts Education |
Non-representatives - add comments:
Amount of income in 2013: $4,700 (it was $1,200 in 2012)
| Water Street Community Foundation For The Arts: | $4,700 |
| Other organizations performing similar types of work: | $63,694 |
Assets in 2013: $4,908 (it was $208 in 2012)
| This organization: | $4,908 |
| Other organizations performing similar types of work: | $22,158 |
Expenses in 2013: $0
| This organization: | $0 |
| Other organizations performing similar types of work: | $58,738 |
Grants share in income in 2013: 100.0%
| Water Street Community Foundation For The Arts: | 100.0% |
| Other organizations performing similar types of work: | 72.3% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $4,800 | $1,200 | $4,700 |
| Contributions, gifts, grants, and similar amounts received | $4,800 | $1,200 | $4,700 |
| 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 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $4,722 | $1,070 | $0 |
| Total net assets | $78 | $208 | $4,908 |
| Excess/Deficit for the year | $78 | $130 | $4,700 |
| Net assets or fund balances at beginning of year | $0 | $78 | $208 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $208 | $4,908 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $78 | $208 | $4,908 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $78 | $208 | $4,908 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| 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 |
| 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 |
| 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 | |
| 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 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 supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $4,800 |
| Subtotal | $4,800 |
| Gifts, grants, contributions, and membership fees received | $4,800 |
| 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 | $0 |
| 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 | $4,800 |
| Public support | $4,800 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | St James Art Show Inc | Local, Louisville, KY 40218 | KY | 2012-05 | $279,912 |
| 2 | Squallis Puppeteers Inc | Po Box 4987, Louisville, KY 40204 | KY | 2003-10 | $74,969 |
| 3 | W W Carpenter Enamel Foundation Inc | PO BOX 76007, Highland Hgts, KY 41076-0007 | KY | 2004-01 | $39,249 |
| 4 | Tuska Foundation & Arts Center Inc | 106 West Vine St Suite 600, Lexington, KY 40507 | KY | 2011-10 | $7,390 |
| 5 | Water Street Community Foundation For The Arts | 126 W College St, Georgetown, KY 40324-1332 | KY | 2011-10 | $4,700 |
| 6 | Appalachia Artists Guild | 303 S 3rd St, Williamsburg, KY 40769-1217 | KY | 2002-09 | $0 |
| 7 | Art Education Task Force Inc, Bgonstage | 607 East Tenth Avenue, Bowling Green, KY 42101 | KY | 2011-05 | $0 |
| 8 | Art Of The Mountain Inc | 933 Perry Park Rd, Hazard, KY 41701 | KY | 2006-06 | $0 |
| 9 | Assocation Of Traditional Hooking Artists | 7370 Wolf Spring Trace, Louisville, KY 40241 | KY | 2004-11 | $0 |
| 10 | Association For Jewish Theatre | 1738 Harvard Dr, Louisville, KY 40205 | KY | 2011-10 | $0 |
| 11 | Burkesville Academy Of Fine Arts | Po Box 7131, Burkesville, KY 42717 | KY | 2012-09 | $0 |
| 12 | Direct Experience In Artistic Living Inc, Deal Inc | 4b Charleston Greene, Danville, KY 40422-1800 | KY | 2006-10 | $0 |
| 13 | Diverse City | 1306 Stovall Rd, Elizabethtown, KY 42701-6170 | KY | 2008-12 | $0 |
| 14 | Elk Fork Strings Inc | PO BOX 400, Elkton, KY 42220-0400 | KY | 2014-12 | $0 |
| 15 | Foundation Of Arts And Creative Education Inc | 5510 N Preston Hwy, Shepherdsvlle, KY 40165-9227 | KY | 2006-03 | $0 |
| 16 | Institute 193 | 193 North Limestone Street, Lexington, KY 40507 | KY | 2010-12 | $0 |
| 17 | Karass Arts Project Inc, Medwater | 103 Stevenson Ave, Louisville, KY 40206 | KY | 2007-11 | $0 |
| 18 | Kentucky Music Heritage Association Inc | 10515 Leven Blvd, Louisville, KY 40229-2358 | KY | 2002-07 | $0 |
| 19 | Motion Matters Inc | 5293 Lexington Rd, Harrodsburg, KY 40330 | KY | 2008-07 | $0 |
| 20 | Ohio River Valley Artists Guild Inc | P0 Box 183, Washington, KY 41096 | KY | 2001-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,818 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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