Chagrin Foundation For Arts And Culture in Chagrin Falls, Ohio (OH)
Table of contents:
| Chagrin Foundation For Arts And Culture | |
| Employer Identification Number (EIN) | 208612865 |
| Name of Organization | Chagrin Foundation For Arts And Culture |
| Address | PO BOX 623, Chagrin Falls, OH 44022-0623 |
| Subsection | Charitable Organization |
| Ruling Date | 11/2007 |
| 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 | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $91,761 |
| Amount of Income | $186,372 |
| Form 990 Revenue Amount | $177,229 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts Council/Agency |
Non-representatives - add comments:
Amount of income in 2014: $186,372 (it was $179,464 in 2013)
| Chagrin Foundation For Arts And Culture: | $186,372 |
| Other organizations performing similar types of work: | $76,375 |
Assets in 2014: $91,761 (it was $108,681 in 2013)
| Chagrin Foundation For Arts And Culture: | $91,761 |
| Other organizations performing similar types of work: | $32,362 |
Expenses in 2014: $191,010
| Chagrin Foundation For Arts And Culture: | $191,010 |
| Other organizations performing similar types of work: | $58,801 |
Income to expenses ratio in 2014: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2014: 72.0%
| This organization: | 72.0% |
| Other organizations performing similar types of work: | 43.1% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $156,785 | $180,897 | $168,320 | $177,229 |
| Contributions, gifts, grants, and similar amounts received | $83,188 | $116,271 | $107,228 | $127,647 |
| Program service revenue including government fees and contracts | $58,818 | $51,125 | $45,373 | $36,617 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $10 | $5 | $5 | $5 |
| Gain/Loss from sale of assets other than inventory | $1,539 | $-74 | $0 | $42 |
| Gross amount from sale of assets other than inventory | $1,539 | $0 | $0 | $318 |
| Less: cost or other basis and sales expenses | $0 | $74 | $0 | $276 |
| Net income/loss from gaming and fundraising events | $13,229 | $13,570 | $15,715 | $12,918 |
| Gross income from gaming | $0 | $0 | $0 | $0 |
| Gross income from fundraising events | $24,760 | $23,199 | $26,859 | $21,785 |
| Less: direct expenses from gaming and fundraising events | $11,531 | $9,629 | $11,144 | $8,867 |
| Gross profit/loss from sales of inventory | $1 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $154,949 | $176,442 | $165,678 | $191,010 |
| Total net assets | $93,710 | $98,165 | $100,807 | $87,026 |
| Excess/Deficit for the year | $1,836 | $4,455 | $2,642 | $-13,781 |
| Net assets or fund balances at beginning of year | $92,944 | $93,710 | $98,165 | $100,807 |
| Other changes in net assets or fund balances | $-1,070 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $98,165 | $100,807 | $87,026 | |
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $114,048 | $107,020 | $108,681 | $91,761 |
| Total liabilities | $20,338 | $8,855 | $7,874 | $4,735 |
| Net assets or fund balances | $93,710 | $98,165 | $100,807 | $87,026 |
| 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: (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 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $822,804 |
| Subtotal | $822,804 |
| Gifts, grants, contributions, and membership fees received | $575,260 |
| 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 | $247,544 |
| 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 |
| 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 | $822,844 |
| Public support | $822,804 |
| Subtotal | $40 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $40 |
| 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 | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Columbus Arts Endowment | 100 E Broad St Ste 2250, Columbus, OH 43215-3632 | OH | 1999-05 | $723,733 |
| 2 | Chagrin Foundation For Arts And Culture | PO BOX 623, Chagrin Falls, OH 44022-0623 | OH | 2007-11 | $186,372 |
| 3 | Columbus Cultural Leadership Consortium | 500 S Front St Ste 1200, Columbus, OH 43215-7631 | OH | 2011-05 | $45,500 |
| 4 | Science Oriented Literature Arts And Education Foundation, Dba Marcom | PO BOX 30664, Columbus, OH 43230-0664 | OH | 2003-10 | $40,957 |
| 5 | Lake Milton Nature Arts Council Inc | PO BOX 97, Lake Milton, OH 44429-0097 | OH | 2005-02 | $38,892 |
| 6 | Council For The Arts Of Greater Lima | Po Box 1124, Lima, OH 45802 | OH | 2015-04 | $0 |
| 7 | Country Workshop Artists | 1100 Wayne St, Troy, OH 45373 | OH | 2011-06 | $0 |
| 8 | Crooked River Fine Arts Council, Kent Blues Festival | 626 Willow Street, Kent, OH 44240 | OH | 1994-04 | $0 |
| 9 | Graffiti Heart Corporation | 2452 West 7th Street, Cleveland, OH 44113 | OH | 2014-08 | $0 |
| 10 | Grandview Heights Marble Cliff Arts Council | Po Box 12434, Columbus, OH 43212 | OH | 2014-06 | $0 |
| 11 | Greater Cincinnati Choral Consortium | 5743 Lynx Ct, Mason, OH 45040-8002 | OH | 2015-02 | $0 |
| 12 | Hebron Music And Arts Festival | PO BOX 122, Hebron, OH 43025 | OH | 2009-04 | $0 |
| 13 | Hellenic Society Byzantium Of Trumbull County | Post Office Box 609, Warren, OH 44482 | OH | 2010-08 | $0 |
| 14 | Logan County Art League | P O Box 201, Bellefontaine, OH 43311 | OH | 2014-07 | $0 |
| 15 | Main Street Lima Artists Community | PO BOX 5144 107 E NORTH ST, Lima, OH 45802 | OH | 2008-08 | $0 |
| 16 | Next Best Art | 27 West Federal Street, Youngstown, OH 44503 | OH | 2012-06 | $0 |
| 17 | Old Castle Multiculture Center | 2624 Hilary Ave, Dayton, OH 45417-2014 | OH | 2002-03 | $0 |
| 18 | Parma Area Fine Arts Council Inc | 7001 W Ridgewood Drive, Parma, OH 44129 | OH | 2014-07 | $0 |
| 19 | Shaker Arts Council | Mpb 232 16781 Chagrin Blvd, Shaker Heights, OH 44120 | OH | 2005-03 | $0 |
| 20 | Union-Liberty Community Arts Council | Po Box 1755, West Chester, OH 45071 | OH | 1999-11 | $0 |
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