Musical Arts Association Of Kenston in Chagrin Falls, Ohio (OH)
Table of contents:
| Musical Arts Association Of Kenston | |
| Employer Identification Number (EIN) | 020608237 |
| Name of Organization | Musical Arts Association Of Kenston |
| In Care of Name | Kenston High School |
| Address | 9500 Bainbridge Rd, Chagrin Falls, OH 44023-2727 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 03/2003 |
| 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 | $106,964 |
| Amount of Income | $69,251 |
| Form 990 Revenue Amount | $56,543 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2014: $69,251 (it was $58,692 in 2013)
| This organization: | $69,251 |
| Other organizations performing similar types of work: | $74,829 |
Assets in 2014: $106,964 (it was $95,931 in 2013)
| This organization: | $106,964 |
| Other organizations performing similar types of work: | $36,669 |
Expenses in 2014: $45,510
| Musical Arts Association Of Kenston: | $45,510 |
| Other organizations performing similar types of work: | $48,324 |
Income to expenses ratio in 2014: 1.5
| This organization: | 1.5 |
| Other organizations performing similar types of work: | 0.8 |
Grants share in income in 2014: 8.6%
| This organization: | 8.6% |
| Other organizations performing similar types of work: | 3.5% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $37,280 | $35,227 | $48,607 | $56,543 |
| Contributions, gifts, grants, and similar amounts received | $1,135 | $818 | $2,928 | $4,850 |
| Program service revenue including government fees and contracts | $12,244 | $13,991 | $18,455 | $21,402 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $776 | $796 | $565 | $139 |
| Gain/Loss from sale of assets other than inventory | $460 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $2,630 | $2,488 | $1,984 | $2,970 |
| Gross income from gaming | $0 | $0 | $0 | $0 |
| Gross income from fundraising events | $7,111 | $5,540 | $3,490 | $4,489 |
| Less: direct expenses from gaming and fundraising events | $4,484 | $3,052 | $1,506 | $1,519 |
| Gross profit/loss from sales of inventory | $20,035 | $17,134 | $24,675 | $27,182 |
| Gross sales of inventory, less returns and allowances | $28,712 | $27,379 | $33,254 | $38,371 |
| Less: cost of goods sold | $8,677 | $10,245 | $8,579 | $11,189 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $30,026 | $24,541 | $57,776 | $45,510 |
| Total net assets | $94,144 | $104,830 | $95,931 | $106,964 |
| Excess/Deficit for the year | $7,254 | $10,686 | $-9,169 | $11,033 |
| Net assets or fund balances at beginning of year | $87,178 | $94,144 | $104,830 | $95,931 |
| Other changes in net assets or fund balances | $-288 | $0 | $270 | $0 |
| Net assets or fund balances at end of year | $95,931 | $106,964 | ||
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $94,144 | $104,830 | $95,931 | $106,964 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $94,144 | $104,830 | $95,931 | $106,964 |
| Other Information | ||||
| 2011 | 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? | Yes | Yes | ||
| 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 | ||
| 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 | $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 | ||
| 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 | $234,975 |
| Subtotal | $234,975 |
| Gifts, grants, contributions, and membership fees received | $10,151 |
| 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 | $82,062 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $142,762 |
| 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 | $240,040 |
| Public support | $234,975 |
| Subtotal | $5,065 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $5,065 |
| 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 | Scago Educational Facilities Corporation For Spartanburg School | 100 N Danzler Rd, Duncan, SC 29334-9380 | SC | 2008-08 | $10,595,942 |
| 2 | The Visual Arts Center Of Richmond | 1812 W Main St, Richmond, VA 23220-4520 | VA | 1966-08 | $1,752,921 |
| 3 | San Marcos Baptist Academy Foundation | 2801 Ranch Road 12, San Marcos, TX 78666-2433 | TX | 1964-12 | $29,104 |
| 4 | Westerville Central Athletic Booster Club | 7118 Mount Royal Ave, Westerville, OH 43082-8393 | OH | 2005-09 | $550,369 |
| 5 | East Muskingum Umbrella Boosters | 510 Rix Mills Rd, New Concord, OH 43762-9430 | OH | 2002-06 | $538,716 |
| 6 | Sylvania Schools Athletic Foundation | 4747 N Holland Sylvania Rd, Sylvania, OH 43560-2116 | OH | 2007-01 | $533,143 |
| 7 | Heath Athletic Boosters | PO BOX 2411, Heath, OH 43056-0411 | OH | 2015-04 | $230,464 |
| 8 | Shelby Whippet Athletic Boosters | 121 Knoll View Cir, Shelby, OH 44875-8637 | OH | 1995-09 | $219,201 |
| 9 | Troy Music Booster Inc | PO BOX 1054, Troy, OH 45373-8054 | OH | 1999-10 | $211,809 |
| 10 | Parent Booster Usa Inc | Po Box 33, Byesville, OH 43753 | OH | 2005-10 | $190,385 |
| 11 | Upper Arlington Band Boosters Inc | PO BOX 218291, Columbus, OH 43221-8291 | OH | 2009-04 | $189,183 |
| 12 | West Carrollton Athletic Boosters | 5833 Student St, W Carrollton, OH 45449-2935 | OH | 2003-02 | $188,964 |
| 13 | Dorothy Konow Dowell Trust Uw | PO BOX 1118, Cincinnati, OH 45201-1118 | OH | 2011-02 | $178,043 |
| 14 | Parent Booster Usa Inc, Clark-Shawnee Athletic Booster Club | 1675 E Possum Rd, Springfield, OH 45502-7947 | OH | 2005-10 | $161,507 |
| 15 | Little Miami Band Boosters | 5819 Morrow Rossburg Rd, Morrow, OH 45152-9426 | OH | 2011-06 | $153,260 |
| 16 | Htm-Charitable Game Corporation | 3899 Savoy Dr, Cleveland, OH 44126-1719 | OH | 2006-02 | $139,036 |
| 17 | Tornado Athletic Boosters Club | PO BOX 705, Tiffin, OH 44883-0705 | OH | 2005-03 | $138,491 |
| 18 | Parent Booster Usa Inc, Vb Athletic Boosters Inc | PO BOX 224, Van Buren, OH 45889-0224 | OH | 2005-10 | $137,701 |
| 19 | Bexley Boosters Inc | 326 S Cassingham Rd, Bexley, OH 43209-1806 | OH | 2011-09 | $134,546 |
| 20 | Parent Booster Usa Inc, Wauseon Indian Music Booster Inc | 840 Parkview St, Wauseon, OH 43567-1269 | OH | 2005-10 | $131,977 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 7,349 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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