Mineral And Lapidary Museum Of Henderson County Inc in Hendersonvlle, North Carolina (NC)
Table of contents:
| Mineral And Lapidary Museum Of Henderson County Inc | |
| Employer Identification Number (EIN) | 562026745 |
| Name of Organization | Mineral And Lapidary Museum Of Henderson County Inc |
| In Care of Name | Jules Lawrence Hauser |
| Address | 400 N Main St, Hendersonvlle, NC 28792-4901 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Museum, zoo, planetarium, etc. |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 01/1998 |
| 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 | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $415,334 |
| Amount of Income | $73,138 |
| Form 990 Revenue Amount | $38,897 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Visual Arts Organizations |
Non-representatives - add comments:
Amount of income in 2013: $73,138 (it was $79,845 in 2012)
| Mineral And Lapidary Museum Of Henderson County Inc: | $73,138 |
| Other organizations performing similar types of work: | $186,328 |
Assets in 2013: $415,334 (it was $425,116 in 2012)
| This organization: | $415,334 |
| Other organizations performing similar types of work: | $218,487 |
Expenses in 2013: $49,616
| This organization: | $49,616 |
| Other organizations performing similar types of work: | $179,800 |
Income to expenses ratio in 2013: 1.5
| This organization: | 1.5 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 28.3%
| Mineral And Lapidary Museum Of Henderson County Inc: | 28.3% |
| Other organizations performing similar types of work: | 12.6% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $40,350 | $41,125 | $38,897 |
| Contributions, gifts, grants, and similar amounts received | $6,762 | $12,595 | $11,013 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $942 | $945 | $522 |
| 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 | $32,471 | $27,584 | $27,362 |
| Gross sales of inventory, less returns and allowances | $56,386 | $66,304 | $61,603 |
| Less: cost of goods sold | $23,915 | $38,720 | $34,241 |
| Other revenue | $175 | $1 | $0 |
| Total expenses | $46,995 | $48,703 | $49,616 |
| Total net assets | $432,359 | $424,784 | $414,065 |
| Excess/Deficit for the year | $-6,645 | $-7,578 | $-10,719 |
| Net assets or fund balances at beginning of year | $439,004 | $432,359 | $424,784 |
| Other changes in net assets or fund balances | $0 | $3 | $0 |
| Net assets or fund balances at end of year | $424,784 | $414,065 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $432,689 | $425,116 | $415,334 |
| Total liabilities | $330 | $332 | $1,269 |
| Net assets or fund balances | $432,359 | $424,784 | $414,065 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | 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 | Yes | |
| Total amount involved | $0 | $1,000 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $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 | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| 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 | $372,231 |
| Subtotal | $372,231 |
| Gifts, grants, contributions, and membership fees received | $52,716 |
| 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 | $319,515 |
| 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 | $381,215 |
| Public support | $372,231 |
| Subtotal | $8,984 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $8,984 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Southern Highland Handicraft Guild Inc | PO BOX 9545, Asheville, NC 28815-0545 | NC | 1967-10 | $3,893,868 |
| 2 | Sculpture Center Inc | 4419 Purves St, Long Is City, NY 11101-2907 | NY | 1944-09 | $3,445,176 |
| 3 | The Bascom Corporation | 323 Franklin Rd, Highlands, NC 28741-8551 | NC | 2000-03 | $2,807,306 |
| 4 | Mccoll Center For Art & Innovation | 721 N Tryon St, Charlotte, NC 28202-2221 | NC | 1976-07 | $2,691,462 |
| 5 | Williamstown Art Conservation Center Inc | 227 South St, Williamstown, MA 01267-2878 | MA | 1978-04 | $2,190,396 |
| 6 | The Sawtooth School For Visual Art | 251 N Spruce St, Winston Salem, NC 27101-2735 | NC | 1970-10 | $1,158,237 |
| 7 | Green Hill Center For Nc Art | 200 N Davie St, Greensboro, NC 27401-2819 | NC | 1977-03 | $939,081 |
| 8 | Tryon Arts And Crafts Inc | 373 Harmon Field Rd, Tryon, NC 28782-9631 | NC | 1967-10 | $692,637 |
| 9 | Piedmont Craftsmen Inc | 601 North Trade Street, Winston Salem, NC 27101-2959 | NC | 1965-06 | $532,488 |
| 10 | Light Factory | 345 N College St, Charlotte, NC 28202-2113 | NC | 1977-11 | $499,743 |
| 11 | Dogwood Crafters Incorporated | 90 Webster St, Dillsboro, NC 28725 | NC | 1979-07 | $194,450 |
| 12 | Alliance For American Quilts Inc | 125 S Lexington Ave Ste 101 Suite 1, Asheville, NC 28801-3661 | NC | 1996-03 | $153,594 |
| 13 | Wilkes Art Gallery Inc | 913 C St, N Wilkesboro, NC 28659-4119 | NC | 1973-05 | $135,005 |
| 14 | Upstairs Artspace | PO BOX 553, Tryon, NC 28782-0553 | NC | 1980-02 | $98,506 |
| 15 | Charlotte Art League Inc | 1517 Camden Rd, Charlotte, NC 28203-4753 | NC | 1987-07 | $82,808 |
| 16 | North Carolina Basketmakers Association Inc | 1325 Oakview Dr, Williamston, NC 27892-8664 | NC | 1990-03 | $82,247 |
| 17 | Mineral And Lapidary Museum Of Henderson County Inc | 400 N Main St, Hendersonvlle, NC 28792-4901 | NC | 1998-01 | $73,138 |
| 18 | Embroiderers Guild Of America Inc, Charlotte Chapter | 2823 Providence Rd Unit 221, Charlotte, NC 28211-2276 | NC | 1976-03 | $0 |
| 19 | Western North Carolina Quilters Guild | P O Box 2231, Hendersonville, NC 28722 | NC | 1984-05 | $0 |
| 20 | Advocates For The Arts Of Henderson County Inc | Po Box 2229, Hendersonville, NC 28793 | NC | 1997-12 | $-53,757 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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