Odunde Inc in Philadelphia, Pennsylvania (PA)

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Odunde Inc
Employer Identification Number (EIN)232311811
Name of OrganizationOdunde Inc
In Care of NameDunde Inc
Address2131 Fitzwater St, Philadelphia, PA 19146-1212
ActivitiesCultural performances
SubsectionEducational Organization
Ruling Date05/1991
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2013
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$25,138
Amount of Income$148,581
Form 990 Revenue Amount$148,581
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Arts, Cultural Organizations - Multipurpose


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Amount of income in 2013: $148,581 (it was $94,272 in 2012)
Odunde Inc: 

 $148,581
Other organizations performing similar types of work: 

 $195,015

Assets in 2013: $25,138 (it was $49,150 in 2012)
This organization: 

 $25,138
Other organizations performing similar types of work: 

 $137,152

Expenses in 2013: $130,093
This organization: 

 $130,093
Other organizations performing similar types of work: 

 $181,390

Income to expenses ratio in 2013: 1.1
This organization: 

 1.1
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 24.1%
This organization: 

 24.1%
Other organizations performing similar types of work: 

 49.7%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$93,361$94,272$148,581
Contributions, gifts, grants, and similar amounts received$46,080$41,123$35,755
Program service revenue including government fees and contracts$47,280$53,148$77,622
Membership dues and assessments$0$0$35,000
Investment income$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$1$1$204
Total expenses$97,763$117,107$130,093
Total net assets$-15,557$-38,392$17,259
Excess/Deficit for the year$-4,402$-22,835$18,488
Net assets or fund balances at beginning of year$-11,155$-15,557$49,150
Other changes in net assets or fund balances$0$0$-50,379
Net assets or fund balances at end of year$-38,392$17,259
Balance Sheets
201120122013
Total assets$71,985$49,150$25,138
Total liabilities$87,542$87,542$7,879
Net assets or fund balances$-15,557$-38,392$17,259
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
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 supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$552,238
Subtotal$552,238
Gifts, grants, contributions, and membership fees received$340,207
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$212,031
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$552,259
Public support$552,238
Subtotal$21
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$21
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
IdNameAddressStateEstablishedTotal Income
1Pittsburgh Trust For Cultural Resources803 Liberty Ave, Pittsburgh, PA 15222-3703PA1984-07$57,394,644
2Artsquest25 West Third St Suite 300, Bethlehem, PA 18015-1238PA1987-02$14,676,803
3Philadelphia Folksong Society7113 Emlen St, Philadelphia, PA 19119-2913PA1962-09$1,284,488
4Philadelphia Art Alliance251 S 18th Street, Philadelphia, PA 19103-6118PA1949-05$754,480
5Fringearts140 N Columbus Blvd, Philadelphia, PA 19106-2001PA1998-03$6,557,350
6St Anns Warehouse Inc55 Washington St Ste 458, Brooklyn, NY 11201-1059NY1984-01$5,107,486
7The Wichita Center For The Arts Inc9112 E Central Ave, Wichita, KS 67206-2506KS1935-07$3,431,371
8Rivers Of Steel Heritage Corporation338 E 9th Ave, Homestead, PA 15120-1774PA1992-05$1,724,969
9Community Arts Center414 Plush Mill Rd, Wallingford, PA 19086-6025PA1950-02$1,020,461
10Community Arts Center Of Cambria CountyPO BOX 866, Johnstown, PA 15907-0866PA1971-12$974,625
11Darlington Fine Arts Center Inc977 Shavertown Rd, Garnet Valley, PA 19060-1140PA1979-05$836,250
12Central Pennsylvania Festival Of The Arts IncPO BOX 1023, State College, PA 16804-1023PA1970-12$682,382
13Laurel ArtsPO BOX 414, Somerset, PA 15501-0414PA1975-11$555,711
14Sweetwater Art Center200 Broad St, Sewickley, PA 15143-1525PA1974-10$505,795
15Westmoreland Arts & Heritage Festival Inc252 Twin Lakes Rd, Latrobe, PA 15650-3554PA1982-08$296,577
16Raices Culturales Latino Americanas Inc1417 N 2nd St Fl 1 # Annex, Philadelphia, PA 19122-3859PA1994-11$157,842
17First Night Hanover IncPO BOX 63, Hanover, PA 17331-0063PA2000-11$0
18Hamot Fne300 State St Ste 100a, Erie, PA 16507-1428PA1992-04$0
19North American Folk Music And Dance Alliance Inc, Svitanya Eastern European Women's Vocal Ensemble Inc922 Montgomery Avenue G1, Bryn Mawr, PA 19010PA1996-09$0
20Rockwood River & Rails Festival Inc1089 Bridge St, Rockwood, PA 15557PA2000-11$0
Number of organizations performing similar types of work
Alaska4
Alabama5
Arkansas8
Arizona9
California76
Colorado18
Connecticut14
District of Columbia5
Delaware1
Florida33
Georgia11
Hawaii12
Iowa6
Idaho2
Illinois20
Indiana5
Kansas10
Kentucky4
Louisiana11
Massachusetts31
Maryland19
Maine6
Michigan21
Minnesota15
Missouri11
Mississippi2
Montana7
North Carolina27
North Dakota2
Nebraska6
New Hampshire4
New Jersey18
New Mexico4
Nevada2
New York75
Ohio23
Oklahoma4
Oregon11
Pennsylvania38
Rhode Island3
South Carolina5
South Dakota2
Tennessee15
Texas34
Utah8
Virginia24
Vermont10
Washington16
Wisconsin13
West Virginia9
International1
Total720

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