Gallery 50 Inc in Bridgeton, New Jersey (NJ)

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Gallery 50 Inc
Employer Identification Number (EIN)223791256
Name of OrganizationGallery 50 Inc
In Care of NameSharon Keifer
Address50 E Commerce St, Bridgeton, NJ 08302-2649
SubsectionCharitable Organization
Ruling Date03/2002
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000 to $24,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$14,744
Amount of Income$43,383
Form 990 Revenue Amount$28,723
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Visual Arts Organizations

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Amount of income in 2013: $43,383 (it was $41,845 in 2012)
Gallery 50 Inc: 

Other organizations performing similar types of work: 


Assets in 2013: $14,744 (it was $13,672 in 2012)
Gallery 50 Inc: 

Other organizations performing similar types of work: 


Expenses in 2013: $27,731
This organization: 

Other organizations performing similar types of work: 


Income to expenses ratio in 2013: 1.6
Gallery 50 Inc: 

Other organizations performing similar types of work: 


Grants share in income in 2013: 35.4%
Gallery 50 Inc: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue$26,724$25,746$28,723
Contributions, gifts, grants, and similar amounts received$8,785$10,143$10,170
Program service revenue including government fees and contracts$2,036$1,320$1,560
Membership dues and assessments$9,656$8,594$9,470
Investment income$9$8$10
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$6,241$5,681$7,513
Gross sales of inventory, less returns and allowances$23,354$21,780$22,173
Less: cost of goods sold$17,113$16,099$14,660
Other revenue$0$0$0
Total expenses$25,451$26,537$27,731
Total net assets$14,091$13,300$14,292
Excess/Deficit for the year$1,273$-791$992
Net assets or fund balances at beginning of year$12,818$14,091$13,300
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$13,300$14,292
Balance Sheets
Total assets$14,470$13,672$14,744
Total liabilities$379$372$452
Net assets or fund balances$14,091$13,300$14,292
Other Information
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
Total amount involved$0$0
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
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$228,642
Gifts, grants, contributions, and membership fees received$103,722
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$124,920
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
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$228,686
Public support$228,642
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$44
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
1Southern Highland Handicraft Guild IncPO BOX 9545, Asheville, NC 28815-0545NC1967-10$3,893,868
2Sculpture Center Inc4419 Purves St, Long Is City, NY 11101-2907NY1944-09$3,445,176
3Williamstown Art Conservation Center Inc227 South St, Williamstown, MA 01267-2878MA1978-04$2,190,396
4Urbanglass New York Contemporary Glass Center Inc647 Fulton Street, Brooklyn, NY 11217-1152NY1983-03$1,839,890
5The Armory Art Center Inc1700 Parker Ave, West Palm Bch, FL 33401-7042FL1987-11$1,654,607
6Salt Lake Art Center20 S West Temple, Salt Lake Cty, UT 84101-1406UT1939-02$1,547,200
7Screen Printing Technical Foundation, Specialty Graphic Imaging Fdn10015 Main St, Fairfax, VA 22031-3403VA1986-04$1,341,945
8Salvadori Center Ltd475 Riverside Dr Ste 1370, New York, NY 10115-0031NY1988-10$1,323,956
9Worcester Center For Crafts Inc25 Sagamore Rd, Worcester, MA 01605-3914MA1926-08$1,166,360
10The Sawtooth School For Visual Art251 N Spruce St, Winston Salem, NC 27101-2735NC1970-10$1,158,237
11The Printmaking Center Of New Jersey440 River Rd, Branchburg, NJ 08876-3565NJ1975-07$577,865
12Cha Foundation Inc319 E 54th St, Elmwood Park, NJ 07407-2712NJ1996-10$219,932
13Artworks Trenton Inc19 Everett Aly, Trenton, NJ 08611-1737NJ1966-09$214,948
14Historians Of Netherlandish Art Inc23 S Adelaide Ave, Highland Park, NJ 08904-1601NJ1989-04$87,376
15Pine Shores Art Association IncPO BOX 886, Manahawkin, NJ 08050-0886NJ1990-06$67,500
16Center For The Arts In Southern Nj123 S Elmwood Rd, Marlton, NJ 08053-2564NJ1983-02$50,949
17Gallery 50 Inc50 E Commerce St, Bridgeton, NJ 08302-2649NJ2002-03$43,383
18Art Alliance Of Monmouth County New Jersey Inc33 Monmouth St, Red Bank, NJ 07701-1613NJ1982-07$36,122
19Atlantic City Art Center, Na NaPo Box 1061, Atlantic City, NJ 08401NJ1985-12$0
20Jack Kirby Museum And Research Center Inc828 Bloomfield St 3, Hoboken, NJ 07030NJ2007-11$0
Number of organizations performing similar types of work
District of Columbia8
North Carolina19
New Hampshire2
New Jersey10
New Mexico6
New York54
Rhode Island4
South Carolina4
West Virginia2
Total484 is not associated with, endorsed by, or sponsored by Gallery 50 Inc and has no official or unofficial affiliation with Gallery 50 Inc