Franklin Opera House Restoration Committee in Franklin, New Hampshire (NH)
| Franklin Opera House Restoration Committee |
| Employer Identification Number (EIN) | 020502848 |
| Name of Organization | Franklin Opera House Restoration Committee |
| In Care of Name | Franklin Opera House |
| Address | Po Box 172, Franklin, NH 03235 |
| Website | http://www.Franklinoperahouse.org |
| Subsection | Educational Organization, Charitable Organization |
| Ruling Date | 05/2001 |
| 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 | 2008 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $55,489 |
| Amount of Income | $97,979 |
| Form 990 Revenue Amount | $96,847 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: History Museums |
Amount of income in 2008: $97,979 (it was $136,365 in 2013)
| This organization: | $97,979 |
| Other organizations performing similar types of work: | $42,230 |
Assets in 2008: $55,489 (it was $80,307 in 2013)
| This organization: | $55,489 |
| Other organizations performing similar types of work: | $110,927 |
Expenses in 2013: $111,319
| Franklin Opera House Restoration Committee: | $111,319 |
| Other organizations performing similar types of work: | $32,454 |
Income to expenses ratio in 2013: 0.9
| This organization: | 0.9 |
| Other organizations performing similar types of work: | 1.6 |
Grants share in income in 2013: 17.6%
| Franklin Opera House Restoration Committee: | 17.6% |
| Other organizations performing similar types of work: | 27.1% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances |
| 2010 | 2011 | 2012 | 2013 |
|---|
| Total revenue | $200,947 | $132,686 | $55,339 | $131,284 |
| Contributions, gifts, grants, and similar amounts received | $31,492 | $29,145 | $7,316 | $23,053 |
| Program service revenue including government fees and contracts | $109,489 | $71,767 | $0 | $63,633 |
| Membership dues and assessments | $11,923 | $7,115 | $4,675 | $4,675 |
| Investment income | $24,725 | $0 | $0 | $184 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $300 |
| Gross amount from sale of assets other than inventory | $0 | $0 | $0 | $300 |
| Less: cost or other basis and sales expenses | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $16,583 | $14,904 | $27 | $11,737 |
| Gross income from gaming | $0 | $12,214 | $0 | $0 |
| Gross income from fundraising events | $24,205 | $2,690 | $1,150 | $15,885 |
| Less: direct expenses from gaming and fundraising events | $7,622 | $0 | $1,123 | $4,148 |
| Gross profit/loss from sales of inventory | $0 | $0 | $402 | $1,139 |
| Gross sales of inventory, less returns and allowances | $0 | $0 | $605 | $2,072 |
| Less: cost of goods sold | $0 | $0 | $203 | $933 |
| Other revenue | $6,735 | $9,755 | $42,919 | $26,563 |
| Total expenses | $202,964 | $153,781 | $71,243 | $111,319 |
| Total net assets | $82,911 | $30,810 | $14,906 | $34,871 |
| Excess/Deficit for the year | $-2,017 | $-21,095 | $-15,904 | $19,965 |
| Net assets or fund balances at beginning of year | $84,928 | $77,530 | $30,810 | $14,906 |
| Other changes in net assets or fund balances | $0 | $-25,625 | $0 | $0 |
| Net assets or fund balances at end of year | $58,132 | | $14,906 | $34,871 |
| Balance Sheets |
| 2010 | 2011 | 2012 | 2013 |
|---|
| Total assets | $101,844 | $70,221 | $62,541 | $80,307 |
| Total liabilities | $18,933 | $39,411 | $47,635 | $45,436 |
| Net assets or fund balances | $82,911 | $30,810 | $14,906 | $34,871 |
| 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 | $518,760 |
| Subtotal | $518,760 |
| Gifts, grants, contributions, and membership fees received | $156,066 |
| 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 | $337,194 |
| 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 | $25,500 |
| 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 | $768,855 |
| Public support | $518,760 |
| Subtotal | $250,095 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $250,095 |
| 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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