Valley River Arts Guild Inc in Murphy, North Carolina (NC)

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Valley River Arts Guild Inc
Employer Identification Number (EIN)460856932
Name of OrganizationValley River Arts Guild Inc
In Care of NameHolly Chapman
Address33 Valley River Ave, Murphy, NC 28906
SubsectionCharitable Organization
Ruling Date05/2014
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2013
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$6,432
Amount of Income$17,979
Form 990 Revenue Amount$17,979
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Arts Education


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Amount of income in 2013: $17,979
Valley River Arts Guild Inc: 

 $17,979
Other organizations performing similar types of work: 

 $63,694

Assets in 2013: $6,432
This organization: 

 $6,432
Other organizations performing similar types of work: 

 $22,158

Expenses in 2013: $11,679
Valley River Arts Guild Inc: 

 $11,679
Other organizations performing similar types of work: 

 $58,738

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: 19.0%
Valley River Arts Guild Inc: 

 19.0%
Other organizations performing similar types of work: 

 72.3%

Financial snapshot for 2013 ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2013
Total revenue$17,979
Contributions, gifts, grants, and similar amounts received$3,412
Program service revenue including government fees and contracts$6,026
Membership dues and assessments$393
Investment income$0
Gain/Loss from sale of assets other than inventory$0
Net income/loss from gaming and fundraising events$0
Gross profit/loss from sales of inventory$8,148
Gross sales of inventory, less returns and allowances$27,720
Less: cost of goods sold$19,572
Other revenue$0
Total expenses$11,679
Total net assets$6,300
Excess/Deficit for the year$6,300
Net assets or fund balances at beginning of year$0
Other changes in net assets or fund balances$0
Net assets or fund balances at end of year$6,300
Balance Sheets
2013
Total assets$6,432
Total liabilities$132
Net assets or fund balances$6,300
Other Information
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 activitiesNo
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: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 supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$37,551
Subtotal$37,551
Gifts, grants, contributions, and membership fees received$9,901
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$27,650
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$37,551
Public support$37,551
Subtotal$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
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
IdNameAddressStateEstablishedTotal Income
1Orange Street Pottery216 Oakleaf Drive, Wilmington, NC 28403NC2007-10$93,862
2Institute Of Art Therapy Inc, Art Therapy Institute762 Ninth Street Po Box 631, Durham, NC 27705NC2009-09$84,001
3Community Suzuki Music School124 Woollyworm Dr, Pittsboro, NC 27312-8795NC2010-10$77,985
4Hickory Music Factory Inc, Hickory Music FactoryPO BOX 2712, Hickory, NC 28603-2712NC2012-05$72,162
5Valley River Arts Guild Inc33 Valley River Ave, Murphy, NC 28906NC2014-05$17,979
6Beanstalk Community TheatrePo Box 1068, Boone, NC 28607NC2014-10$12,515
7Southeast Center For Arts Integration2310 Stansbury Rd, Chapel Hill, NC 27516NC2011-04$6,537
8Asolare Fine Arts Foundation Inc687 Callahan Hill Rd, Lexington, NC 27295-9691NC2012-02$1,638
9Guerrilla Artists Group425 E Statesville Ave Ste 105, Mooresville, NC 28115-2533NC2012-06$1,456
10Laboratories For Learning280 S Mangum Street, Durham, NC 27701-3672NC2002-09$150
11Aaron Shearer FoundationPo Box 21029, Winston Salem, NC 27120NC2009-09$0
12Alamance Orange Multicultural Association Inc4647 Mebane Oaks Road, Mebane, NC 27302NC2010-09$0
13Appalachian Pastel Society, Aps99 Orvis Stone Circle, Candler, NC 28715NC2011-06$0
14Artistic Productions IncPo Box 10891, Goldsboro, NC 27532NC2000-11$0
15Artreach 4 Kids Inc620 W Lane St Ste 102, Raleigh, NC 27603-1441NC2012-12$0
16Asheville Darkroom109 Roberts Street Suite 2a, Asheville, NC 28801NC2014-06$0
17Asheville Standard Press Inc177 Maple St, Sylva, NC 28779-5473NC2006-06$0
18Association Of Tarditional Hooking Artists4401 Bellwood Ln, Charlotte, NC 28270NC2004-11$0
19Association Of Traditional Hooking Artists206 Calderon Dr, Chapel Hill, NC 27516NC2004-11$0
20Brushes For Vincent Inc374 Industrial Park Dr, Boone, NC 28607NC2014-04$0
Number of organizations performing similar types of work
Alaska12
Alabama24
Arkansas20
Arizona64
California460
Colorado77
Connecticut52
District of Columbia25
Delaware5
Florida155
Georgia77
Hawaii21
Iowa19
Idaho9
Illinois104
Indiana37
Kansas19
Kentucky32
Louisiana26
Massachusetts73
Maryland58
Maine22
Michigan72
Minnesota43
Missouri43
Mississippi18
Montana17
North Carolina65
North Dakota9
Nebraska7
New Hampshire17
New Jersey74
New Mexico22
Nevada21
New York267
Ohio79
Oklahoma25
Oregon65
Pennsylvania101
Rhode Island14
South Carolina19
South Dakota5
Tennessee40
Texas177
Utah21
Virginia55
Vermont15
Washington73
Wisconsin39
West Virginia7
Wyoming10
International7
Total2,818

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