The I On Trust in Mt Pleasant, South Carolina (SC)
Table of contents:
| The I On Trust | |
| Employer Identification Number (EIN) | 571071873 |
| Name of Organization | The I On Trust |
| Address | PO BOX 1064, Mt Pleasant, SC 29465-1064 |
| Activities | Described in section 509(a)(2) of the Code, Cultural performances |
| Subsection | Charitable Organization |
| Ruling Date | 01/1998 |
| 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 | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $114,030 |
| Amount of Income | $99,501 |
| Form 990 Revenue Amount | $60,929 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Performing Arts Organizations |
Non-representatives - add comments:
Amount of income in 2013: $99,501 (it was $93,734 in 2012)
| The I On Trust: | $99,501 |
| Other organizations performing similar types of work: | $143,982 |
Assets in 2013: $114,030 (it was $96,619 in 2012)
| The I On Trust: | $114,030 |
| Other organizations performing similar types of work: | $99,144 |
Expenses in 2013: $43,769
| The I On Trust: | $43,769 |
| Other organizations performing similar types of work: | $135,647 |
Income to expenses ratio in 2013: 2.3
| This organization: | 2.3 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 127.8%
| The I On Trust: | 127.8% |
| Other organizations performing similar types of work: | 22.2% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $33,930 | $68,785 | $60,929 |
| Contributions, gifts, grants, and similar amounts received | $55,333 | $67,778 | $77,857 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $781 | $0 | $0 |
| Investment income | $137 | $27 | $16 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $-22,321 | $980 | $-16,944 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $21,333 | $25,929 | $21,628 |
| Less: direct expenses from gaming and fundraising events | $43,654 | $24,949 | $38,572 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $36,413 | $63,491 | $43,769 |
| Total net assets | $91,549 | $96,619 | $114,030 |
| Excess/Deficit for the year | $-2,483 | $5,294 | $17,160 |
| Net assets or fund balances at beginning of year | $93,945 | $91,549 | $96,619 |
| Other changes in net assets or fund balances | $87 | $-224 | $251 |
| Net assets or fund balances at end of year | $96,619 | $114,030 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $91,549 | $96,619 | $114,030 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $91,549 | $96,619 | $114,030 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| 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 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 | $429,067 |
| Subtotal | $429,067 |
| Gifts, grants, contributions, and membership fees received | $313,264 |
| 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 | $115,803 |
| 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 | $429,976 |
| Public support | $429,067 |
| Subtotal | $909 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $909 |
| 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 | Grassroots Music Roadshow Inc | Pittsboro, NC 27312 | NC | $425,907 | |
| 2 | Up With People-Incorporated California | 6830 Broadway Unit A, Denver, CO 80221-2851 | CO | 1968-09 | $6,086,952 |
| 3 | Savannah Music Festival Inc | 200 E St Julian St Ste 601, Savannah, GA 31401-2754 | GA | 1980-12 | $3,766,917 |
| 4 | The Mattress Factory | 500 Sampsonia Way, Pittsburgh, PA 15212-4444 | PA | 1978-09 | $3,530,409 |
| 5 | The Avalon Foundation Inc | 40 E Dover St, Easton, MD 21601-3013 | MD | 1996-05 | $1,867,965 |
| 6 | Roulette Intermedium Inc | 30 3rd Avenue, Brooklyn, NY 11217-2129 | NY | 1981-05 | $1,568,489 |
| 7 | Seaside Summer Concert Series Inc | 32 Court Street Suite 807, Brooklyn, NY 11201-4421 | NY | 1981-04 | $1,511,048 |
| 8 | Works And Process Inc | 805 Third Ave 9th Fl, New York, NY 10022-7513 | NY | 1991-01 | $1,042,032 |
| 9 | The Fitzgerald Theater Company | 480 Cedar St, Saint Paul, MN 55101-2217 | MN | 1982-10 | $967,753 |
| 10 | Texarts Association For Visual & Performing Arts, Texarts | PO BOX 342263, Austin, TX 78734-0038 | TX | 2006-11 | $855,328 |
| 11 | Whidbey Island Center For The Arts | PO BOX 52, Langley, WA 98260-0052 | WA | 1995-02 | $831,737 |
| 12 | Seattle International Childrens | 806 W Fulton St, Seattle, WA 98119-2269 | WA | 1984-08 | $798,451 |
| 13 | Students For A Free Tibet Inc | 602 East 14th Street, New York, NY 10009-3399 | NY | 1998-11 | $653,644 |
| 14 | The Lafayette Society Forperforming Arts Inc | 210 Bull St, Lagrange, GA 30240-3207 | GA | 1981-01 | $624,540 |
| 15 | The Springville Center For The Arts Inc | PO BOX 62, Springville, NY 14141-0062 | NY | 1998-12 | $548,983 |
| 16 | Town Hall Theater Inc | PO BOX 128, Middlebury, VT 05753-0128 | VT | 1999-04 | $492,138 |
| 17 | Greenwood Lander Performing Arts Inc | PO BOX 50011, Greenwood, SC 29649-0017 | SC | 1976-11 | $109,400 |
| 18 | The I On Trust | PO BOX 1064, Mt Pleasant, SC 29465-1064 | SC | 1998-01 | $99,501 |
| 19 | Caroline Mack Center For The Arts | PO BOX 623, Sumter, SC 29151-0623 | SC | 2000-03 | $82,417 |
| 20 | The Dillon County Theatre Association | Po Box 1591, Dillon, SC 29536 | SC | 1987-02 | $0 |
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