Yeiser Art Center Inc in Paducah, Kentucky (KY)
Table of contents:
| Yeiser Art Center Inc | |
| Employer Identification Number (EIN) | 610651822 |
| Name of Organization | Yeiser Art Center Inc |
| Address | 200 Broadway St, Paducah, KY 42001-0732 |
| Activities | Other school related activities |
| Subsection | Educational Organization |
| Ruling Date | 02/1966 |
| 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 | 06/2014 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $66,758 |
| Amount of Income | $142,215 |
| Form 990 Revenue Amount | $121,560 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Visual Arts Organizations |
Non-representatives - add comments:
Amount of income in 2014: $142,215 (it was $111,938 in 2013)
| This organization: | $142,215 |
| Other organizations performing similar types of work: | $186,328 |
Assets in 2014: $66,758 (it was $45,060 in 2013)
| Yeiser Art Center Inc: | $66,758 |
| Other organizations performing similar types of work: | $218,487 |
Expenses in 2013: $105,860
| This organization: | $105,860 |
| Other organizations performing similar types of work: | $179,800 |
Income to expenses ratio in 2013: 1.3
| This organization: | 1.3 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 32.4%
| Yeiser Art Center Inc: | 32.4% |
| Other organizations performing similar types of work: | 12.6% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $111,938 | |
| Contributions, gifts, grants, and similar amounts received | $36,276 | |
| Program service revenue including government fees and contracts | $43,236 | |
| Membership dues and assessments | $21,930 | |
| Investment income | $83 | |
| Gain/Loss from sale of assets other than inventory | $-3,572 | |
| Gross amount from sale of assets other than inventory | $0 | |
| Less: cost or other basis and sales expenses | $3,572 | |
| Net income/loss from gaming and fundraising events | $0 | $4,217 |
| Gross income from gaming | $0 | $0 |
| Gross income from fundraising events | $6,845 | |
| Less: direct expenses from gaming and fundraising events | $2,628 | |
| Gross profit/loss from sales of inventory | $8,661 | |
| Gross sales of inventory, less returns and allowances | $20,205 | |
| Less: cost of goods sold | $11,544 | |
| Other revenue | $1,107 | |
| Total expenses | $105,860 | |
| Total net assets | $43,474 | |
| Excess/Deficit for the year | $6,078 | |
| Net assets or fund balances at beginning of year | $37,396 | |
| Other changes in net assets or fund balances | $0 | |
| Net assets or fund balances at end of year | $43,474 | |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $44,839 | $45,060 |
| Total liabilities | $7,443 | $1,586 |
| Net assets or fund balances | $43,474 | |
| Other Information | ||
| 2012 | 2013 | |
|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | |
| Were any significant changes made to the organizing or governing documents? | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | |
| Has the organization filed a Form 990-T for the year? | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | |
| Amount of political expenditures, direct or indirect | $0 | |
| Did the organization file Form 1120-POL for this year? | 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 | |
| Total amount involved | $0 | |
| Initiation fees and capital contributions | $0 | |
| Gross receipts for public use of club facilities | $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 | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | 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 | $406,127 |
| Subtotal | $406,127 |
| Gifts, grants, contributions, and membership fees received | $289,585 |
| 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 | $116,542 |
| 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 | $448,730 |
| Public support | $406,127 |
| Subtotal | $1,640 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,640 |
| 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 | $40,963 |
| Unrelated Trade or Business Income (for 2009) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $695 | $0 | $695 |
| Gross receipts or sales less returns and allowances | $4,166 | $0 | $0 |
| Cost of goods sold | $4,861 | $0 | $0 |
| Gross profit | $695 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $0 | $0 | $0 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2009) | |
| Total deductions | $1,940 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $0 |
| Unrelated business taxable income | $2,635 |
| Unrelated business taxable income before net operating loss deduction | $2,635 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $2,635 |
| Specific deduction | $1,000 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Kentucky Museum Of Art And Craft Inc | 715 W Main St, Louisville, KY 40202-2633 | KY | 1981-07 | $2,040,618 |
| 2 | Southern Highland Handicraft Guild Inc | PO BOX 9545, Asheville, NC 28815-0545 | NC | 1967-10 | $3,893,868 |
| 3 | Sculpture Center Inc | 4419 Purves St, Long Is City, NY 11101-2907 | NY | 1944-09 | $3,445,176 |
| 4 | Williamstown Art Conservation Center Inc | 227 South St, Williamstown, MA 01267-2878 | MA | 1978-04 | $2,190,396 |
| 5 | Urbanglass New York Contemporary Glass Center Inc | 647 Fulton Street, Brooklyn, NY 11217-1152 | NY | 1983-03 | $1,839,890 |
| 6 | The Armory Art Center Inc | 1700 Parker Ave, West Palm Bch, FL 33401-7042 | FL | 1987-11 | $1,654,607 |
| 7 | Embroiderers Guild Of America Inc, Group Return | 1355 Bardstown Rd Ste 157, Louisville, KY 40204-1353 | KY | 1976-03 | $1,636,199 |
| 8 | Salt Lake Art Center | 20 S West Temple, Salt Lake Cty, UT 84101-1406 | UT | 1939-02 | $1,547,200 |
| 9 | Screen Printing Technical Foundation, Specialty Graphic Imaging Fdn | 10015 Main St, Fairfax, VA 22031-3403 | VA | 1986-04 | $1,341,945 |
| 10 | Salvadori Center Ltd | 475 Riverside Dr Ste 1370, New York, NY 10115-0031 | NY | 1988-10 | $1,323,956 |
| 11 | Worcester Center For Crafts Inc | 25 Sagamore Rd, Worcester, MA 01605-3914 | MA | 1926-08 | $1,166,360 |
| 12 | The Sawtooth School For Visual Art | 251 N Spruce St, Winston Salem, NC 27101-2735 | NC | 1970-10 | $1,158,237 |
| 13 | Touchstone Center For Crafts | 1049 Wharton Furnace Rd, Farmington, PA 15437-1195 | PA | 1973-02 | $1,057,725 |
| 14 | Lexington Art League Inc | 209 Castlewood Dr, Lexington, KY 40505-3629 | KY | 1976-08 | $781,376 |
| 15 | Louisville Visual Art Association Inc | 609 W Main Street Second Floor, Louisville, KY 40202-2951 | KY | 1946-11 | $686,505 |
| 16 | Kentucky Guild Of Artists & Craftsmen Inc | PO BOX 291, Berea, KY 40403-0291 | KY | 1999-02 | $184,960 |
| 17 | Yeiser Art Center Inc | 200 Broadway St, Paducah, KY 42001-0732 | KY | 1966-02 | $142,215 |
| 18 | Kentucky Quilt Project Inc | 300 Penruth Avenue, Louisville, KY 40207 | KY | 1982-07 | $31,266 |
| 19 | Ashland Area Art Gallery Inc | 1916 Weymouth Dr, Ashland, KY 41101-3850 | KY | 1973-02 | $0 |
| 20 | Photojournalism Foundation Inc | 1165 Evans Rd, Woodburn, KY 42170 | KY | 1994-12 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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