Hillsborough Arts Council in Hillsborough, North Carolina (NC)
Table of contents:
| Hillsborough Arts Council | |
| Employer Identification Number (EIN) | 562163979 |
| Name of Organization | Hillsborough Arts Council |
| In Care of Name | John Delconte |
| Address | P O Box 625, Hillsborough, NC 27278 |
| Website | http://www.hillsboroughartscouncil.org |
| Subsection | Charitable Organization |
| Ruling Date | 06/2000 |
| 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 | 2007 |
| Assets | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $19,670 |
| Amount of Income | $73,804 |
| Form 990 Revenue Amount | $64,202 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Visual Arts Organizations |
Non-representatives - add comments:
Amount of income in 2007: $73,804 (it was $64,202 in 2014)
| Hillsborough Arts Council: | $73,804 |
| Other organizations performing similar types of work: | $50,352 |
Assets in 2007: $19,670 (it was $19,670 in 2014)
| This organization: | $19,670 |
| Other organizations performing similar types of work: | $28,414 |
Expenses in 2014: $64,359
| This organization: | $64,359 |
| Other organizations performing similar types of work: | $39,961 |
Income to expenses ratio in 2014: 1.1
| Hillsborough Arts Council: | 1.1 |
| Other organizations performing similar types of work: | 0.8 |
Grants share in income in 2014: 71.1%
| This organization: | 71.1% |
| Other organizations performing similar types of work: | 100.0% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $87,108 | $26,353 | $75,002 | $64,202 |
| Contributions, gifts, grants, and similar amounts received | $70,141 | $10,481 | $56,399 | $45,624 |
| Program service revenue including government fees and contracts | $12,660 | $14,335 | $14,495 | $14,389 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $20 | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $1,587 | $1,537 | $3,938 | $4,189 |
| Gross sales of inventory, less returns and allowances | $4,263 | $1,837 | $7,843 | $13,791 |
| Less: cost of goods sold | $2,676 | $300 | $3,905 | $9,602 |
| Other revenue | $2,700 | $0 | $170 | $0 |
| Total expenses | $63,708 | $57,587 | $73,408 | $64,359 |
| Total net assets | $48,651 | $17,282 | $16,865 | $19,033 |
| Excess/Deficit for the year | $23,400 | $-31,234 | $1,594 | $-157 |
| Net assets or fund balances at beginning of year | $25,286 | $48,651 | $17,282 | $19,190 |
| Other changes in net assets or fund balances | $-35 | $-135 | $-2,011 | $0 |
| Net assets or fund balances at end of year | $17,282 | $16,865 | $19,033 | |
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $49,108 | $18,074 | $17,361 | $19,670 |
| Total liabilities | $457 | $792 | $496 | $637 |
| Net assets or fund balances | $48,651 | $17,282 | $16,865 | $19,033 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | 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 | No | No | |
| Total amount involved | $0 | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 | $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 | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $218,632 |
| Subtotal Support | $218,632 |
| Gifts, grants, contributions, and membership fees received | $218,632 |
| 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 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $218,671 |
| Public Support | $218,632 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $39 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $305,029 |
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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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