Sharon Arts Center in Sharon, New Hampshire (NH)
Table of contents:
| Sharon Arts Center | |
| Employer Identification Number (EIN) | 020227601 |
| Name of Organization | Sharon Arts Center |
| Address | 457 Route 123, Sharon, NH 03458 |
| Activities | School, college, trade school, etc., Art exhibit, Other instruction and training |
| Subsection | Educational Organization |
| Ruling Date | 08/1948 |
| Deductibility | Contributions are deductible |
| Foundation | School |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2012 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $1,621,060 |
| Amount of Income | $807,899 |
| Form 990 Revenue Amount | $616,077 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts Education |
Non-representatives - add comments:
Amount of income in 2012: $807,899 (it was $789,162 in 2011)
| Sharon Arts Center: | $807,899 |
| Other organizations performing similar types of work: | $206,067 |
Assets in 2012: $1,621,060 (it was $1,906,739 in 2011)
| Sharon Arts Center: | $1,621,060 |
| Other organizations performing similar types of work: | $109,929 |
Expenses in 2011: $697,810
| This organization: | $697,810 |
| Other organizations performing similar types of work: | $240,853 |
Income to expenses ratio in 2011: 1.2
| This organization: | 1.2 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2011: 51.0%
| This organization: | 51.0% |
| Other organizations performing similar types of work: | 45.8% |
Revenue for 2011
Functional expenses for 2011
| Statements Regarding Other IRS Filings and Tax Compliance (for 2011) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | Yes |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2011) | |
| Total revenue | $709,884 |
| Contributions, Gifts, Grants and Other Similar Amounts | $362,302 |
| Program Service Revenue | $194,364 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $2,954 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $11,525 |
| Gross rents (Real / Personal) | $11,525 / $0 |
| Less: rental expenses (Real / Personal) | $0 / $0 |
| Rental income or (loss) (Real / Personal) | $11,525 / $0 |
| Net gain from sales of assets other than inventory | $853 |
| Gross amount from sales of assets other than inventory (Securities / Other) | $19,914 / $0 |
| Less: cost or other basis and sales expenses (Securities / Other) | $19,061 / $0 |
| Gain or (loss) (Securities / Other) | $853 / $0 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $33,686 |
| Gross sales of inventory, less returns and allowances | $93,903 |
| Less: cost of goods sold | $60,217 |
| Miscellaneous Revenue | $104,200 |
| Statement of Functional Expenses (for 2011) | |
| Total functional expenses | $697,810 |
| Compensation of current officers, directors, trustees, and key employees | $113,289 |
| Other salaries and wages | $161,963 |
| Payroll taxes | $25,694 |
| Professional fundraising services | $0 |
| Other | $396,864 |
| Balance Sheet (for 2011) | |
| Total assets | $1,906,739 |
| Total liabilities | $557,703 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $13,765 |
| Unsecured notes and loans payable to unrelated third parties | $209,019 |
| Other | $334,919 |
| Total net assets or fund balances | $1,349,036 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2011) | |
| The organization is not a private foundation because it is: | A school described in section 170(b)(1)(A)(ii) |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Studio Art Centers International Inc | 50 Broad Street, New York, NY 10004-2307 | NY | 1977-11 | $5,123,289 |
| 2 | Skowhegan School Of Painting And Sculpture Inc | 136 West 22nd Street, New York, NY 10011-2424 | NY | 1947-07 | $3,483,494 |
| 3 | Young Audience Inc, New Orleans Chapter | 615 Baronne St Ste 201, New Orleans, LA 70113-1060 | LA | 1963-12 | $3,213,327 |
| 4 | Young Audiences Of New Jersey | 200 Forrestal Road, Princeton, NJ 08540-6605 | NJ | 1975-01 | $3,128,519 |
| 5 | Urban Gateways | 205 W Randolph St Ste 1700, Chicago, IL 60606-1814 | IL | 1964-01 | $2,651,797 |
| 6 | Young Audiences Of Maryland Inc | 2600 N Howard Street No 1300, Baltimore, MD 21218-4507 | MD | 1959-06 | $2,560,413 |
| 7 | Young Audiences-New York Inc | One East 53rd St 9th Fl, New York, NY 10022-4200 | NY | 1970-05 | $2,463,136 |
| 8 | Vsa Arts Of New Mexico Inc | 4904 4th St Nw, Albuquerque, NM 87107-3906 | NM | 1987-01 | $1,885,979 |
| 9 | Young Audiences Of Oregon Inc | 1220 Sw Morrison St Ste 1000, Portland, OR 97205-2229 | OR | 1964-06 | $1,698,817 |
| 10 | The Metropolitan Center For The Visual Arts Inc | 155 Gibbs St Ste 300, Rockville, MD 20850-0352 | MD | 1990-04 | $1,561,169 |
| 11 | Victor Association Of Cultural And Performing Arts Inc | 630 Crowley Rd, Farmington, NY 14425-9525 | NY | 1984-04 | $1,430,232 |
| 12 | Tara Institute Of The Performing Arts Incorporated | 4180 19th St, Boulder, CO 80304-0903 | CO | 1995-09 | $1,339,762 |
| 13 | Community Gallery Inc | 11 Bank St, Lebanon, NH 03766-1749 | NH | 1977-03 | $1,260,147 |
| 14 | Neighborhood Studios Of Fairfield County Inc | 391 E Washington Ave, Bridgeport, CT 06608-2233 | CT | 1979-04 | $1,150,648 |
| 15 | Theatre Lab | 733 6th St Nw, Washington, DC 20001 | DC | 1994-05 | $1,053,487 |
| 16 | Sharon Arts Center | 457 Route 123, Sharon, NH 03458 | NH | 1948-08 | $807,899 |
| 17 | North Country Studio Workshops Inc | PO BOX 247, North Hampton, NH 03862-0247 | NH | 1998-08 | $153,050 |
| 18 | Andys Summer Playhouse Inc | PO BOX 601, Wilton, NH 03086-0601 | NH | 1972-10 | $118,069 |
| 19 | Mount Washington Way For Better Living | PO BOX 677, North Conway, NH 03860-0677 | NH | 1996-10 | $23,868 |
| 20 | Vsa Arts Of New Hampshire | 105 Cooper Road, Hebron, NH 03241 | NH | 1988-01 | $19,448 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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