Hendersonville Center For The Arts Inc in Hendersonvlle, North Carolina (NC)
| Hendersonville Center For The Arts Inc |
| Employer Identification Number (EIN) | 522382432 |
| Name of Organization | Hendersonville Center For The Arts Inc |
| In Care of Name | Eugene M Carr Iii |
| Address | PO BOX 2148, Hendersonvlle, NC 28793-2148 |
| Subsection | Educational Organization |
| Ruling Date | 06/2003 |
| 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 | $100,000 to $499,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $110,954 |
| Amount of Income | $1,049 |
| Form 990 Revenue Amount | $1,049 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts, Cultural Organizations - Multipurpose |
Amount of income in 2013: $1,049 (it was $5,239 in 2012)
| This organization: | $1,049 |
| Other organizations performing similar types of work: | $59,050 |
Assets in 2013: $110,954 (it was $109,005 in 2012)
| Hendersonville Center For The Arts Inc: | $110,954 |
| Other organizations performing similar types of work: | $25,518 |
Expenses in 2013: $460
| This organization: | $460 |
| Other organizations performing similar types of work: | $51,518 |
Income to expenses ratio in 2013: 2.3
| This organization: | 2.3 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 0.0%
| Hendersonville Center For The Arts Inc: | 0.0% |
| Other organizations performing similar types of work: | 1.3% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances |
| 2011 | 2012 | 2013 |
| Total revenue | $7,385 | $5,239 | $1,049 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $0 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $7,385 | $5,239 | $1,049 |
| 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 | $589 | $297 | $460 |
| Total net assets | $104,063 | $109,005 | $110,954 |
| Excess/Deficit for the year | $6,796 | $4,942 | $589 |
| Net assets or fund balances at beginning of year | $97,267 | $104,063 | $109,005 |
| Other changes in net assets or fund balances | $0 | $0 | $1,360 |
| Net assets or fund balances at end of year | | $109,005 | $110,954 |
| Balance Sheets |
| 2011 | 2012 | 2013 |
| Total assets | $104,063 | $109,005 | $110,954 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $104,063 | $109,005 | $110,954 |
| 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 | $3,125 |
| Subtotal | $3,125 |
| Gifts, grants, contributions, and membership fees received | $3,125 |
| 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 | $27,376 |
| Public support | $3,125 |
| Subtotal | $24,251 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $24,251 |
| 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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