Participant Incorporated in New York, New York (NY)
Table of contents:
| Participant Incorporated | |
| Employer Identification Number (EIN) | 260017746 |
| Name of Organization | Participant Incorporated |
| Address | 253 E Houston St, New York, NY 10002-1023 |
| Subsection | Educational Organization |
| Ruling Date | 10/2002 |
| 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 | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $131,474 |
| Amount of Income | $211,299 |
| Form 990 Revenue Amount | $197,271 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Visual Arts Organizations |
Non-representatives - add comments:
Amount of income in 2013: $211,299 (it was $300,337 in 2012)
| This organization: | $211,299 |
| Other organizations performing similar types of work: | $50,352 |
Assets in 2013: $131,474 (it was $96,624 in 2012)
| Participant Incorporated: | $131,474 |
| Other organizations performing similar types of work: | $28,414 |
Expenses in 2012: $267,442
| Participant Incorporated: | $267,442 |
| Other organizations performing similar types of work: | $39,961 |
Income to expenses ratio in 2012: 0.8
| Participant Incorporated: | 0.8 |
| Other organizations performing similar types of work: | 0.8 |
Number of employees in 2012: 5
| Participant Incorporated: | 5 |
| Other organizations performing similar types of work: | 2 |
Grants share in income in 2012: 73.0%
| Participant Incorporated: | 73.0% |
| Other organizations performing similar types of work: | 100.0% |
Revenue for 2012
Functional expenses for 2012
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| 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 2012) | |
| Total revenue | $294,581 |
| Contributions, Gifts, Grants and Other Similar Amounts | $214,911 |
| Program Service Revenue | $0 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $1 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $4,250 |
| Gross rents (Real / Personal) | $4,250 / $0 |
| Less: rental expenses (Real / Personal) | $0 / $0 |
| Rental income or (loss) (Real / Personal) | $4,250 / $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $0 |
| Gross income from fundraising events | $4,756 |
| Less: direct expenses | $4,756 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $75,419 |
| Gross sales of inventory, less returns and allowances | $76,419 |
| Less: cost of goods sold | $1,000 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $267,442 |
| Compensation of current officers, directors, trustees, and key employees | $23,218 |
| Other salaries and wages | $16,139 |
| Payroll taxes | $1,705 |
| Professional fundraising services | $0 |
| Other | $226,380 |
| Balance Sheet (for 2012) | |
| Total assets | $96,624 |
| Total liabilities | $25,688 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $25,688 |
| Total net assets or fund balances | $70,936 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2012) | |
| 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 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total support | $1,147,152 |
| Gifts, grants, contributions, and membership fees received | $981,122 |
| 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 | $153,343 |
| 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 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $9,379 |
| Other | $3,308 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Stephen Hahn Foundation, Hahn Stephen R Ttee | 450 7th Ave Ste 2701, New York, NY 10123-2701 | NY | 1991-08 | $1,028,615 |
| 2 | The Laundromat Project | 275 Macdonough Street, Brooklyn, NY 11233 | NY | 2010-02 | $492,718 |
| 3 | Venetian Heritage Inc | 2nd Flr, New York, NY 10022 | NY | 1999-03 | $405,813 |
| 4 | Modern Quilt Guild Inc | Po 1031, Getsville, NY 14068 | NY | 2014-08 | $303,484 |
| 5 | Salem Art Works Inc | PO BOX 512, Salem, NY 12865-0512 | NY | 2007-12 | $264,233 |
| 6 | Boffo Inc | 85 Kenmare St Apt 22, New York, NY 10012-4516 | NY | 2011-04 | $156,939 |
| 7 | Brooklyn Film Society Inc | PO BOX 110521, Brooklyn, NY 11211-0521 | NY | 2010-11 | $128,845 |
| 8 | Center For Initiatives In Art & Culture Inc | 333 East 57th Street No 13b, New York, NY 10022 | NY | 2008-11 | $113,791 |
| 9 | More Art Inc | 71 Nassau St, New York, NY 10038-3716 | NY | 2009-03 | $94,947 |
| 10 | Arts Horizons Leroy Neiman Art Center Inc | 2785 Frederick Douglass Boulevard, New York, NY 10039-3152 | NY | 2014-09 | $93,849 |
| 11 | Eye & I Inc | 49 Crown Street 6c, Brooklyn, NY 11225 | NY | 2003-07 | $77,400 |
| 12 | Cherry Valley Art Works Inc | Po Box 92, Cherry Valley, NY 13320 | NY | 2006-01 | $50,990 |
| 13 | Harrison Foundation For Ecology And The Arts | 600 Third Ave, New York, NY 10016-1901 | NY | 2011-05 | $43,459 |
| 14 | Human Future Dance Corps Inc | 140-42 Second Avenue, New York, NY 10003 | NY | 2010-04 | $41,279 |
| 15 | Thomas Moran Trust Inc | PO BOX 1234, East Hampton, NY 11937-0793 | NY | 2007-05 | $40,798 |
| 16 | Sonnabend Collection Foundation | C/O Goldglit Co Llp 499 7th Avenue, New York, NY 10018 | NY | 2013-12 | $40,000 |
| 17 | Society Of American Registered Architects Education Fund Inc | 6167 77th St, Middle Vlg, NY 11379-1331 | NY | 2007-04 | $38,220 |
| 18 | Leon Polk Smith Foundation Inc | 275 Madison Ave Ste 1200, New York, NY 10016-1119 | NY | 2012-09 | $28,878 |
| 19 | The American Associates Of The National Galleries Of Scotland Inc | 120 E End Ave 4a, New York, NY 10028-7552 | NY | 2002-03 | $25,002 |
| 20 | Theater In The Woods Film Conservatory Inc | 2 Helena Rd, Staten Island, NY 10304-1353 | NY | 2011-09 | $18,225 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,528 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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