Chinese American Arts Council Incorporated in New York, New York (NY)
Table of contents:
| Chinese American Arts Council Incorporated | |
| Employer Identification Number (EIN) | 133128521 |
| Name of Organization | Chinese American Arts Council Incorporated |
| Address | 456 Broadway Fl 3, New York, NY 10013-5800 |
| Activities | Community theatrical group |
| Subsection | Educational Organization |
| Ruling Date | 09/1982 |
| 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 | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $184,268 |
| Amount of Income | $54,006 |
| Form 990 Revenue Amount | $54,006 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts Council/Agency |
Non-representatives - add comments:
Amount of income in 2014: $54,006 (it was $193,247 in 2013)
| Chinese American Arts Council Incorporated: | $54,006 |
| Other organizations performing similar types of work: | $173,848 |
Assets in 2014: $184,268 (it was $276,910 in 2013)
| This organization: | $184,268 |
| Other organizations performing similar types of work: | $158,112 |
Expenses in 2014: $146,648
| This organization: | $146,648 |
| Other organizations performing similar types of work: | $150,133 |
Income to expenses ratio in 2014: 0.4
| Chinese American Arts Council Incorporated: | 0.4 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2014: 93.8%
| Chinese American Arts Council Incorporated: | 93.8% |
| Other organizations performing similar types of work: | 54.6% |
Revenue for 2014
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $126,724 | $109,978 | $193,247 | $54,006 |
| Contributions, gifts, grants, and similar amounts received | $125,804 | $108,378 | $73,294 | $50,683 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $920 | $1,600 | $119,953 | $3,323 |
| Total expenses | $128,133 | $136,382 | $154,224 | $146,648 |
| Total net assets | $-94,709 | $-121,113 | $-82,090 | $-174,732 |
| Excess/Deficit for the year | $-1,409 | $-26,404 | $39,023 | $-92,642 |
| Net assets or fund balances at beginning of year | $-93,300 | $-94,709 | $-121,113 | $-82,090 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $-121,113 | $-82,090 | $-174,732 | |
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $21,466 | $3,316 | $276,910 | $184,268 |
| Total liabilities | $116,175 | $124,429 | $359,000 | $359,000 |
| Net assets or fund balances | $-94,709 | $-121,113 | $-82,090 | $-174,732 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | 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 | No | No | |
| Total amount involved | $0 | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $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 | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $431,627 |
| Subtotal Support | $431,627 |
| Gifts, grants, contributions, and membership fees received | $431,627 |
| 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 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $554,100 |
| Public Support | $431,627 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $122,473 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | White Columns Inc | 320 W 13th St, New York, NY 10014-1200 | NY | 1973-03 | $1,115,650 |
| 2 | Huntington Arts Council Inc | 213 Main St, Huntington, NY 11743-6907 | NY | 1990-08 | $967,553 |
| 3 | Queens Council On The Arts Inc | 3711 25th Ave, Astoria, NY 11101 | NY | 1970-12 | $883,678 |
| 4 | Port Chester Council For The Arts | PO BOX 15, Port Chester, NY 10573-0015 | NY | 1988-09 | $741,879 |
| 5 | Saratoga Arts Inc | 320 Broadway, Saratoga Spgs, NY 12866-4135 | NY | 1993-08 | $587,617 |
| 6 | Chenango County Council Of The Arts Inc | 27 W Main St, Norwich, NY 13815-1611 | NY | 1978-03 | $563,082 |
| 7 | Greene County Council On The Arts | 398 Main St, Catskill, NY 12414-1334 | NY | 1977-03 | $523,159 |
| 8 | The Arts Council Of The Southern Finger Lakes Inc | 79 W Market St, Corning, NY 14830-2526 | NY | 1973-01 | $486,233 |
| 9 | Cityarts Inc | 525 Broadway Rm 602, New York, NY 10012-4411 | NY | 1974-09 | $430,665 |
| 10 | Rivertowns Arts Council Inc, Riverarts | PO BOX 60, Hastings Hdsn, NY 10706-0060 | NY | 1965-03 | $404,745 |
| 11 | Islip Arts Council Inc | 50 Irish Ln, East Islip, NY 11730-2003 | NY | 1981-02 | $356,709 |
| 12 | Tioga County Council On The Arts | 179 Front St, Owego, NY 13827-1520 | NY | 1979-03 | $129,351 |
| 13 | Community Arts Network Of Oneonta Inc | 11 Ford Avenue, Oneonta, NY 13820-1953 | NY | 1970-12 | $73,397 |
| 14 | Syracuse Allied Arts Inc | 201 Mansfield Dr, Camillus, NY 13031-1815 | NY | 1969-06 | $42,011 |
| 15 | Schoharie County Arts Council Inc | 115 Parkway Drive, Cobleskill, NY 12043 | NY | 1978-03 | $21,142 |
| 16 | Action Arts Inc | 15 Dogwood Lane, Pomona, NY 10970 | NY | 1994-04 | $0 |
| 17 | Arts Interaction Washington Heights & Inwood Council For The Arts Inc | 711 W 168 St And Haven Ave, New York, NY 10032 | NY | 1980-11 | $0 |
| 18 | Hornell Area Arts Council Inc | 111 Thacher Street, Hornell, NY 14843 | NY | 1976-12 | $0 |
| 19 | Parabola Arts Foundation Inc | Po Box 433, New York, NY 10012 | NY | 1983-05 | $0 |
| 20 | The Greater Stamford Area Trust | P O Box 166, Stamford, NY 12167 | NY | 1981-08 | $0 |
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| Total | 337 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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