Palmetto Opera in Columbia, South Carolina (SC)
Table of contents:
| Palmetto Opera | |
| Employer Identification Number (EIN) | 571129329 |
| Name of Organization | Palmetto Opera |
| In Care of Name | Jeannie Butler |
| Address | PO BOX 50462, Columbia, SC 29250-0462 |
| Subsection | Charitable Organization |
| Ruling Date | 03/2002 |
| 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 | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $18,015 |
| Amount of Income | $62,431 |
| Form 990 Revenue Amount | $57,304 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Theater |
Non-representatives - add comments:
Amount of income in 2013: $62,431 (it was $74,603 in 2012)
| This organization: | $62,431 |
| Other organizations performing similar types of work: | $71,420 |
Assets in 2013: $18,015 (it was $14,900 in 2012)
| Palmetto Opera: | $18,015 |
| Other organizations performing similar types of work: | $18,654 |
Expenses in 2013: $54,189
| This organization: | $54,189 |
| Other organizations performing similar types of work: | $69,900 |
Income to expenses ratio in 2013: 1.2
| This organization: | 1.2 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 67.3%
| Palmetto Opera: | 67.3% |
| Other organizations performing similar types of work: | 1.7% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $66,352 | $63,033 | $57,304 |
| Contributions, gifts, grants, and similar amounts received | $15,369 | $32,565 | $38,565 |
| Program service revenue including government fees and contracts | $46,111 | $22,953 | $16,056 |
| Membership dues and assessments | $0 | $7,250 | $1,500 |
| 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 | $4,872 | $265 | $1,183 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $9,630 | $11,835 | $6,310 |
| Less: direct expenses from gaming and fundraising events | $4,758 | $11,570 | $5,127 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $76,075 | $49,279 | $54,189 |
| Total net assets | $882 | $13,900 | $17,015 |
| Excess/Deficit for the year | $-9,723 | $13,754 | $3,115 |
| Net assets or fund balances at beginning of year | $10,605 | $882 | $13,900 |
| Other changes in net assets or fund balances | $0 | $-736 | $0 |
| Net assets or fund balances at end of year | $882 | $13,900 | $17,015 |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $4,882 | $14,900 | $18,015 |
| Total liabilities | $4,000 | $1,000 | $1,000 |
| Net assets or fund balances | $882 | $13,900 | $17,015 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| 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 |
| 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 |
| 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 | 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 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 supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $301,452 |
| Subtotal | $301,452 |
| Gifts, grants, contributions, and membership fees received | $225,835 |
| 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 | $75,617 |
| 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 | $301,452 |
| Public support | $301,452 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 | Theatre Advancement Production Society Inc | 8204 Highway 100, Nashville, TN 37221-4051 | TN | 2010-01 | $574,450 |
| 2 | Yellow Tape Construction Co | 6106 Glen Meadow Dr, Austin, TX 78745 | TX | 2006-11 | $26,790 |
| 3 | The Village Repertory Co | 34 Woolfe St, Charleston, SC 29403-5510 | SC | 2003-02 | $347,268 |
| 4 | Pure Theatre | 477 King St, Charleston, SC 29403-6231 | SC | 2006-04 | $315,383 |
| 5 | Threshold Repertory Theatre | 84 1/2 Society St, Charleston, SC 29401-1431 | SC | 2011-02 | $248,651 |
| 6 | Swamp Fox Players Inc | PO BOX 911, Georgetown, SC 29442-0911 | SC | 2004-04 | $149,512 |
| 7 | Atlantic Stage | PO BOX 7402, Myrtle Beach, SC 29572-0011 | SC | 2011-02 | $120,193 |
| 8 | Abbeville Community Theatre | PO BOX 247, Abbeville, SC 29620-0247 | SC | 2013-08 | $116,794 |
| 9 | Greenville Shakespeare Company | 303 Bradley Blvd, Greenville, SC 29609-5036 | SC | 2009-07 | $22,407 |
| 10 | Charleston Black Theatre | PO BOX 80083, Charleston, SC 29416-0083 | SC | 2013-09 | $8,392 |
| 11 | Turning Pointe Theatre Inc | 4732 Augusta Rd Ste A, Lexington, SC 29073-6723 | SC | 2009-06 | $3,480 |
| 12 | Myrtle Beach Performing Arts Center | 4610 Oleander Drive, Myrtle Beach, SC 29577-5752 | SC | 2005-03 | $52 |
| 13 | Absolute Theatre Company | 117 Cranewater Dr, Columbia, SC 29212 | SC | 2003-04 | $0 |
| 14 | Artistic Connections | 2950 East North Street Apt 800c, Greenville, SC 29615 | SC | 2013-11 | $0 |
| 15 | Beaufort Repertory Co | 1 Venice Ct, Beaufort, SC 29907-1945 | SC | 1995-12 | $0 |
| 16 | Broadway Bound Vista Theatre Project | 213 Walnut Grove Cir, Irmo, SC 29063-9181 | SC | 2015-01 | $0 |
| 17 | Calhoun Players Inc | 1208 Confederate Ave, Columbia, SC 29201 | SC | 2002-01 | $0 |
| 18 | Castaways Repertory Company | 5018 Belleglen Court 201, Myrtle Beach, SC 29579 | SC | 2008-06 | $0 |
| 19 | Charleston Guerrilla Theater Company Inc | 8 Moore Dr, Charleston, SC 29407-7230 | SC | 1996-03 | $0 |
| 20 | Clover Community Theater | PO BOX 168, Clover, SC 29710-0168 | SC | 1999-07 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 5,483 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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