Andreas H Bechtler Arts Foundation in Charlotte, North Carolina (NC)
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
| Andreas H Bechtler Arts Foundation | |
| Employer Identification Number (EIN) | 562225722 |
| Name of Organization | Andreas H Bechtler Arts Foundation |
| Address | 420 S Tryon St, Charlotte, NC 28202-1937 |
| Subsection | Educational Organization |
| Ruling Date | 08/2001 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Organization terminating its private foundation status under section 507(b)(1)(B) of the Code |
| Tax Period | 06/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $15,858,685 |
| Amount of Income | $2,620,220 |
| Form 990 Revenue Amount | $1,930,142 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Visual Arts Organizations |
Non-representatives - add comments:
Amount of income in 2013: $2,620,220 (it was $2,094,694 in 2012)
| This organization: | $2,620,220 |
| Other organizations performing similar types of work: | $50,352 |
Assets in 2013: $15,858,685 (it was $17,653,192 in 2012)
| This organization: | $15,858,685 |
| Other organizations performing similar types of work: | $28,414 |
Expenses in 2012: $2,251,160
| Andreas H Bechtler Arts Foundation: | $2,251,160 |
| Other organizations performing similar types of work: | $39,961 |
Income to expenses ratio in 2012: 1.2
| Andreas H Bechtler Arts Foundation: | 1.2 |
| Other organizations performing similar types of work: | 0.8 |
Grants share in income in 2012: 76.8%
| Andreas H Bechtler Arts Foundation: | 76.8% |
| Other organizations performing similar types of work: | 100.0% |
Revenue for 2012
Expenses for 2012
Assets for 2012
| 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 | $2,025,262 | $0 | $469,575 | |
| Contributions, gifts, grants, etc., received | $1,555,687 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $47,728 | |||
| Gross sales less returns and allowances | $-21,704 | |||
| Less: Cost of goods sold | $69,432 | |||
| Other income | $421,847 | |||
| Total expenses and disbursements | $2,251,160 | $0 | $474,650 | $1,874,964 |
| Compensation of officers, directors, trustees, etc. | $200,090 | |||
| Total operating and administrative expenses | $2,251,160 | $0 | $1,874,964 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-225,898 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $17,653,192 | $17,653,192 |
| Cash - non-interest-bearing | $555,272 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $17,097,920 | |
| Total liabilities | $171,604 | |
| Mortgages and other notes payable | $0 | |
| Other | $171,604 | |
| Total liabilities and net assets/fund balances | $17,481,588 | |
| 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? | 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 2012 or the taxable year beginning in 2012? | Yes |
| 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? | Yes |
| 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 | $615,883 |
| Net value of noncharitable-use assets | $297,560 |
| Minimum investment return | $14,878 |
| 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 | $1 | $0 | $0 | $0 | $1 |
| Qualifying distributions made directly for active conduct of exempt activities | $1,874,964 | $1,517,664 | $4,000,441 | $1,589,298 | $8,982,367 |
| Value of all assets | $17,653,192 | $18,290,922 | $7,470,963 | $4,504,887 | $47,919,964 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $17,653,192 | $18,290,922 | $7,470,963 | $4,504,887 | $47,919,964 |
| 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 | Daylight Community Arts Foundation Inc | 121 W Margaret Ln Ste D, Hillsborough, NC 27278-2667 | NC | 2014-10 | $424,430 |
| 2 | Hillsborough Arts Council | P O Box 625, Hillsborough, NC 27278 | NC | 2000-06 | $73,804 |
| 3 | Southeastern Mcgown Teachers Workshop | 849 Buttonwood Dr, Winston Salem, NC 27104-1286 | NC | 2013-02 | $18,214 |
| 4 | Southeast Center For The Visual Arts | 1412 A East Franklin Blvd Pmb 264, Gastonia, NC 28054 | NC | 2013-08 | $13,379 |
| 5 | Indigos Cultural Art Centers, Indigo's Cultural Art Centers | 5033 Bartholomews Lane, Greensboro, NC 27407 | NC | 2010-11 | $5,484 |
| 6 | Community Artist Will Inc | 228 Craven St, New Bern, NC 28560-2152 | NC | 2014-01 | $1,200 |
| 7 | 105th Squad | 738 Donlee Dr, Durham, NC 27712 | NC | 2015-02 | $0 |
| 8 | A D E P T Inc, Latibah Collard Green Museum | Po Box 33301, Charlotte, NC 28233 | NC | 2004-10 | $0 |
| 9 | Charlotte Woodworkers Assoc Inc | 1208 Salem Dr, Charlotte, NC 28209 | NC | 2014-08 | $0 |
| 10 | Chautauqua Ave Candrews Valley Experience | Po Box 2244, Andrews, NC 28901 | NC | 2007-01 | $0 |
| 11 | East Carolina Camera Club | 5977 Nc 43 South, Greenville, NC 27858 | NC | 2010-05 | $0 |
| 12 | From A Grateful Nation Institute Inc | 4005 Cindi Ln, Winterville, NC 28590-9931 | NC | 2012-04 | $0 |
| 13 | Heart Of The Triad Quilt Guild | Po Box 874, Kernersville, NC 27285-0874 | NC | 2014-08 | $0 |
| 14 | Jumbo Arts International | 217 S Edinborough Street, Red Springs, NC 28377-1233 | NC | 2012-12 | $0 |
| 15 | Modern Quilt Guild Inc | 6055 Woodcove Drive, Winston Salem, NC 27104 | NC | 2014-08 | $0 |
| 16 | Modern Quilt Guild Inc | Po Box 12492, Durham, NC 27709 | NC | 2014-08 | $0 |
| 17 | Modern Quilt Guild Inc, Southern Appalachian Modern Quilt G | PO BOX 774, Murphy, NC 28906-0774 | NC | 2014-08 | $0 |
| 18 | Mooresville Artist Guild | 103 W Center Avenue, Mooresville, NC 28115 | NC | 1997-01 | $0 |
| 19 | My House Is Your House Inc | 4714 Chapman Dr, Grifton, NC 28530-8631 | NC | 2009-06 | $0 |
| 20 | Neuse Quilters Guild Inc | Po Box 5226, Kinston, NC 28503 | NC | 1999-02 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,528 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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