Oakland Performing Arts in Southfield, Michigan (MI)
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
| Oakland Performing Arts | |
| Employer Identification Number (EIN) | 382200387 |
| Name of Organization | Oakland Performing Arts |
| Address | 17333 W 10 Mile Rd Ste B, Southfield, MI 48075-2901 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 07/1978 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $963,832 |
| Amount of Income | $157,931 |
| Form 990 Revenue Amount | $24,352 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Music |
Non-representatives - add comments:
Amount of income in 2011: $157,931 (it was $196,890 in 2010)
| This organization: | $157,931 |
| Other organizations performing similar types of work: | $113,884 |
Assets in 2011: $963,832 (it was $971,777 in 2010)
| Oakland Performing Arts: | $963,832 |
| Other organizations performing similar types of work: | $78,987 |
Expenses in 2011: $32,297
| Oakland Performing Arts: | $32,297 |
| Other organizations performing similar types of work: | $104,400 |
Income to expenses ratio in 2011: 4.9
| Oakland Performing Arts: | 4.9 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2011: 0.0%
| Oakland Performing Arts: | 0.0% |
| Other organizations performing similar types of work: | 42.0% |
Revenue for 2011
Assets for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $24,352 | $24,352 | $23,844 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $17,984 | |||
| Dividends and interest from securities | $3,251 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $3,117 | |||
| Total expenses and disbursements | $32,297 | $0 | $0 | $31,784 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $32,297 | $0 | $31,784 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-7,945 | |||
| Net investment income | $24,352 | |||
| Adjusted net income | $23,844 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $963,832 | $916,789 |
| Cash - non-interest-bearing | $8,476 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $224,387 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $543,449 | |
| Other | $187,520 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $963,832 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $3,117 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $244 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $244 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| 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? | No |
| 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 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| 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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | 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 2011) | |
| 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 2011) | |
| Distributable amount | $0 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $0 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | 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 | University Musical Society | 881 N University Ave, Ann Arbor, MI 48109-1011 | MI | 1944-12 | $8,166,726 |
| 2 | San Francisco Jazz Organization | 201 Franklin St, San Francisco, CA 94102-5108 | CA | 1994-05 | $20,497,477 |
| 3 | Sphinx Organization Inc, The Sphinx Competition | 400 Renaissance Ctr, Detroit, MI 48243-1502 | MI | 1996-08 | $6,778,556 |
| 4 | The Schubert Club | 302 Landmark Center, St Paul, MN 55102-1423 | MN | 1945-06 | $6,151,396 |
| 5 | Young Concert Artists Inc | 250 W 57th St, New York, NY 10107-0001 | NY | 1963-02 | $5,750,562 |
| 6 | Irving S Gilmore International Keyboard Festival | 359 S Kalamazoo Mall Ste 101, Kalamazoo, MI 49007-4843 | MI | 1989-07 | $4,482,189 |
| 7 | Vocalessence, Vocal Essence | 1900 Nicollet Ave, Minneapolis, MN 55403-3746 | MN | 1979-12 | $3,296,519 |
| 8 | The John G Shedd Institute For The Arts | PO BOX 1497, Eugene, OR 97440-1497 | OR | 1995-03 | $2,315,653 |
| 9 | Southwest Florida Symphony Orchestra And Chorus Association I | 8290 College Pkwy Ste 103, Fort Myers, FL 33919-5157 | FL | 1966-09 | $1,851,058 |
| 10 | Michigan School Band & Orchestra Association Inc | 3965 Okemos Rd Ste A3, Okemos, MI 48864-4206 | MI | 1975-09 | $1,480,810 |
| 11 | St Cecilia Music Society | 24 Ransom Ave Ne, Grand Rapids, MI 49503-3217 | MI | 1945-02 | $1,198,387 |
| 12 | The Sound Of America Inc | PO BOX 603, Carlisle, PA 17013-0603 | PA | 1992-08 | $947,257 |
| 13 | Gospel Music Workshop Of America Inc | 3908 W Warren Ave, Detroit, MI 48208-1824 | MI | 1976-12 | $423,707 |
| 14 | Monday Musical Club Inc | 1781 Hacienda Drive, Stevensville, MI 49127 | MI | 1986-08 | $364,595 |
| 15 | North East Art Rock Festival, Nearfest | 131 Wall Street, Zeeland, MI 49464 | MI | 2001-02 | $250,703 |
| 16 | Pine Mountain Music Festival Inc | PO BOX 406, Hancock, MI 49930-0406 | MI | 1993-07 | $238,170 |
| 17 | Oakland Performing Arts | 17333 W 10 Mile Rd Ste B, Southfield, MI 48075-2901 | MI | 1978-07 | $157,931 |
| 18 | Dodworth Saxhorn Band | 7735 N Ridge Rd, Canton, MI 48187-1121 | MI | 1997-05 | $104,380 |
| 19 | Chelsea Musical Celebrations | 121 E Middle St, Chelsea, MI 48118-1032 | MI | 2002-10 | $0 |
| 20 | Tittabawassee Valley Fife & Drum Corps | Po Box 201, Midland, MI 48640-0201 | MI | 1992-03 | $0 |
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