Florence Thomas Art School Inc, Florence in W Jefferson, North Carolina (NC)
Table of contents:
| Florence Thomas Art School Inc, Florence | |
| Employer Identification Number (EIN) | 451263531 |
| Name of Organization | Florence Thomas Art School Inc |
| Secondary Name | Florence |
| In Care of Name | Meghan Miton |
| Address | PO BOX 865, W Jefferson, NC 28694-0865 |
| Subsection | Charitable Organization |
| Ruling Date | 09/2012 |
| Deductibility | Contributions are deductible |
| Foundation | School |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $341,558 |
| Amount of Income | $102,274 |
| Form 990 Revenue Amount | $99,932 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Adult, Continuing Education |
Non-representatives - add comments:
Amount of income in 2013: $102,274 (it was $458,758 in 2011)
| This organization: | $102,274 |
| Other organizations performing similar types of work: | $80,291 |
Assets in 2013: $341,558 (it was $381,472 in 2011)
| Florence Thomas Art School Inc, Florence: | $341,558 |
| Other organizations performing similar types of work: | $37,351 |
Expenses in 2013: $95,307
| Florence Thomas Art School Inc, Florence: | $95,307 |
| Other organizations performing similar types of work: | $69,433 |
Income to expenses ratio in 2013: 1.1
| Florence Thomas Art School Inc, Florence: | 1.1 |
| Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2013: 38.0%
| Florence Thomas Art School Inc, Florence: | 38.0% |
| Other organizations performing similar types of work: | 33.2% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2011 | 2013 | |
|---|---|---|
| Total revenue | $99,932 | |
| Contributions, gifts, grants, and similar amounts received | $37,975 | |
| Program service revenue including government fees and contracts | $39,386 | |
| Membership dues and assessments | $0 | |
| Investment income | $0 | |
| Gain/Loss from sale of assets other than inventory | $19,850 | |
| Gross amount from sale of assets other than inventory | $20,526 | |
| Less: cost or other basis and sales expenses | $675 | |
| Net income/loss from gaming and fundraising events | $0 | $-105 |
| Gross income from gaming | $0 | $570 |
| Gross income from fundraising events | $0 | |
| Less: direct expenses from gaming and fundraising events | $675 | |
| Gross profit/loss from sales of inventory | $1,488 | |
| Gross sales of inventory, less returns and allowances | $2,411 | |
| Less: cost of goods sold | $992 | |
| Other revenue | $1,335 | |
| Total expenses | $95,307 | |
| Total net assets | $341,558 | |
| Excess/Deficit for the year | $4,624 | |
| Net assets or fund balances at beginning of year | $346,633 | |
| Other changes in net assets or fund balances | $-9,699 | |
| Net assets or fund balances at end of year | $325,630 | |
| Balance Sheets | ||
| 2011 | 2013 | |
|---|---|---|
| Total assets | $381,472 | $341,558 |
| Total liabilities | $11,373 | $0 |
| Net assets or fund balances | $341,558 | |
| Other Information | ||
| 2011 | 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: | A school described in section 170(b)(1)(A)(ii) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Shumei International Institute Inc | PO BOX 998, Crestone, CO 81131-0998 | CO | 2003-08 | $1,016,611 |
| 2 | World Institue For Action Learning Inc | 1688 Moorings Dr, Reston, VA 20190-4225 | VA | 2008-01 | $59,810 |
| 3 | Utilities Telecommunications And Energy Coalition Of Wv Inc | Po Box 11630, Charleston, WV 25339-1630 | WV | 2008-07 | $30,750 |
| 4 | You Can Learn Charitable Corporatio | Post Office 83, Wadesboro, NC 28170 | NC | 2007-02 | $263,419 |
| 5 | Gethsemane Baptist Church Community Development Corporation Inc | PO BOX 73, Bunn, NC 27508-0073 | NC | 2014-07 | $200,000 |
| 6 | Your Destiny | 7212 Albemarle Rd, Charlotte, NC 28227-8129 | NC | 2009-07 | $199,917 |
| 7 | The Carolinas Chapter Of The American Concrete Institute Inc, Carolinas Chapter | 6222 Simpson Rd, Charlotte, NC 28216-5886 | NC | 2001-09 | $162,511 |
| 8 | Martin Consulting Group Inc, Express Cna Training | 101 E Cabarrus Ave, Concord, NC 28025 | NC | 2010-03 | $120,245 |
| 9 | Centro Internacional De Raleigh | 4501 Ryegate Dr, Raleigh, NC 27604 | NC | 2007-04 | $104,209 |
| 10 | Florence Thomas Art School Inc, Florence | PO BOX 865, W Jefferson, NC 28694-0865 | NC | 2012-09 | $102,274 |
| 11 | Lords Hour | 25 Wind Shadows Cir, Leicester, NC 28748-8816 | NC | 2014-08 | $83,371 |
| 12 | Peace Is Possible Nc Inc | PO BOX 7331, Asheville, NC 28802-7331 | NC | 2011-08 | $18,788 |
| 13 | Southside Rides Foundation Inc | 2221 Hope St, Winston Salem, NC 27107-2543 | NC | 2006-04 | $12,895 |
| 14 | Lincoln Heights Recreation Corporation | 375 Lincoln Heights Rd, Wilkesboro, NC 28697-8756 | NC | 2012-04 | $5,400 |
| 15 | Village Of Yesteryear Inc | 4919 Black Creek Road, Smithfield, NC 27577 | NC | 2014-01 | $5,320 |
| 16 | Yadkin Valley Craft Guild Inc | PO BOX 556, Elkin, NC 28621 | NC | 2004-10 | $3,046 |
| 17 | Reading With Conviction | 806 Transom View Way, Cary, NC 27519-6220 | NC | 2008-04 | $590 |
| 18 | Cooking For Change Inc | 2521 Sapling Cir, Wilmington, NC 28411-6121 | NC | 2010-11 | $210 |
| 19 | Able Foundation Inc | 209 East 6th Avenue, Red Springs, NC 28377 | NC | 2010-01 | $0 |
| 20 | Africa Academy Of Management | 516 Stirling St Bryan School Of Bu, Greensboro, NC 27412 | NC | 2014-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 4,811 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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