The Mad Factory in Oberlin, Ohio (OH)
Table of contents:
| The Mad Factory | |
| Employer Identification Number (EIN) | 341787202 |
| Name of Organization | The Mad Factory |
| In Care of Name | Sharon Anderson |
| Address | 39 S, Oberlin, OH 44074 |
| Activities | Described in section 509(a)(2) of the Code, Other youth organization or activities |
| Subsection | Charitable Organization |
| Ruling Date | 12/1995 |
| 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 | 05/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $122,082 |
| Amount of Income | $143,014 |
| Form 990 Revenue Amount | $143,014 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Performing Arts Organizations |
Non-representatives - add comments:
Amount of income in 2014: $143,014 (it was $130,753 in 2013)
| The Mad Factory: | $143,014 |
| Other organizations performing similar types of work: | $143,982 |
Assets in 2014: $122,082 (it was $109,400 in 2013)
| This organization: | $122,082 |
| Other organizations performing similar types of work: | $99,144 |
Expenses in 2014: $131,853
| This organization: | $131,853 |
| Other organizations performing similar types of work: | $135,647 |
Income to expenses ratio in 2014: 1.1
| This organization: | 1.1 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2014: 70.9%
| This organization: | 70.9% |
| Other organizations performing similar types of work: | 22.2% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $130,661 | $130,753 | $143,014 |
| Contributions, gifts, grants, and similar amounts received | $84,850 | $88,248 | $101,405 |
| Program service revenue including government fees and contracts | $41,164 | $42,481 | $41,609 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $64 | $24 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $4,583 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $116,609 | $118,110 | $131,853 |
| Total net assets | $95,992 | $108,635 | $119,796 |
| Excess/Deficit for the year | $14,052 | $12,643 | $11,161 |
| Net assets or fund balances at beginning of year | $81,940 | $95,992 | $108,635 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $108,635 | $119,796 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $96,638 | $109,400 | $122,082 |
| Total liabilities | $646 | $765 | $2,286 |
| Net assets or fund balances | $95,992 | $108,635 | $119,796 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | 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 | |
| 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? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | 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 | $645,082 |
| Subtotal | $645,082 |
| Gifts, grants, contributions, and membership fees received | $457,857 |
| 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 | $187,225 |
| 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 | $645,600 |
| Public support | $645,082 |
| Subtotal | $518 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $518 |
| 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 |
| Unrelated Trade or Business Income (for 2009) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $1,600 | $1,768 | $-168 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $0 | $0 | $0 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $1,600 | $1,768 | $-168 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2009) | |
| Total deductions | $0 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $0 |
| Unrelated business taxable income | $-168 |
| Unrelated business taxable income before net operating loss deduction | $-168 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $-168 |
| Specific deduction | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Tiffin Theatre Inc | 30 S Washington St, Tiffin, OH 44883-2346 | OH | 1982-04 | $1,784,226 |
| 2 | Grassroots Music Roadshow Inc | Pittsboro, NC 27312 | NC | $425,907 | |
| 3 | Up With People-Incorporated California | 6830 Broadway Unit A, Denver, CO 80221-2851 | CO | 1968-09 | $6,086,952 |
| 4 | Savannah Music Festival Inc | 200 E St Julian St Ste 601, Savannah, GA 31401-2754 | GA | 1980-12 | $3,766,917 |
| 5 | The Mattress Factory | 500 Sampsonia Way, Pittsburgh, PA 15212-4444 | PA | 1978-09 | $3,530,409 |
| 6 | The Avalon Foundation Inc | 40 E Dover St, Easton, MD 21601-3013 | MD | 1996-05 | $1,867,965 |
| 7 | Canton Palace Theater Association | 605 Market Ave N, Canton, OH 44702-1016 | OH | 1979-12 | $703,880 |
| 8 | Lorain Civic Center Committee Inc | 617 Broadway, Lorain, OH 44052-1803 | OH | 1975-06 | $460,746 |
| 9 | Conneaut Arts Center | 1025 Buffalo St, Conneaut, OH 44030-1507 | OH | 1976-12 | $145,689 |
| 10 | The Mad Factory | 39 S, Oberlin, OH 44074 | OH | 1995-12 | $143,014 |
| 11 | Citymusic Inc | 61 Jefferson Ave, Columbus, OH 43215-3862 | OH | 1987-06 | $119,444 |
| 12 | Medina County Arts Foundation | PO BOX 1603, Medina, OH 44258-1603 | OH | 1996-10 | $95,203 |
| 13 | Circus Fans Association Of America | 5537 Beavercrest Dr Apt 203, Lorain, OH 44053-1740 | OH | 1985-10 | $65,608 |
| 14 | Hochberg Foundation Tr, Hochberg Steven Ttee | 7261 Engle Rd Ste 202, Cleveland, OH 44130-3479 | OH | 2000-03 | $18,150 |
| 15 | Buskers Columbus, No | P O Box 16035, Columbus, OH 43220 | OH | 1986-05 | $0 |
| 16 | Cleveland Cultural Alliance, 38690 Flanders Drive Solon Oh 44139 | C/O 20600 Chagrin Blvd, Shaker Heights, OH 44122 | OH | 1996-10 | $0 |
| 17 | Jade | 7762 Waynetowne Boulevard, Huber Heights, OH 45424 | OH | 2007-08 | $0 |
| 18 | Music Warehouse | 1327 Maplewood Dr, Piqua, OH 45356 | OH | 1997-08 | $0 |
| 19 | Opera Project Columbus Incorporated | Po Box 14185, Columbus, OH 43214 | OH | 2011-10 | $0 |
| 20 | Project Joy | Po Box 1062, Elyria, OH 44036 | OH | 1985-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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