Juab Fine Arts Council in Nephi, Utah (UT)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Juab Fine Arts Council | |
| Employer Identification Number (EIN) | 061650226 |
| Name of Organization | Juab Fine Arts Council |
| In Care of Name | Chelom Leavitt |
| Address | PO BOX 400, Nephi, UT 84648-0400 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 02/2003 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1 to $9,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $7,276 |
| Amount of Income | $13,392 |
| Form 990 Revenue Amount | $22,899 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts, Cultural Organizations - Multipurpose |
Non-representatives - add comments:
Amount of income in 2013: $13,392 (it was $16,053 in 2012)
| This organization: | $13,392 |
| Other organizations performing similar types of work: | $59,050 |
Assets in 2013: $7,276 (it was $6,881 in 2012)
| Juab Fine Arts Council: | $7,276 |
| Other organizations performing similar types of work: | $25,518 |
Expenses in 2012: $17,497
| This organization: | $17,497 |
| Other organizations performing similar types of work: | $51,518 |
Income to expenses ratio in 2012: 0.8
| Juab Fine Arts Council: | 0.8 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 17.3%
| Juab Fine Arts Council: | 17.3% |
| Other organizations performing similar types of work: | 1.3% |
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $16,053 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $2,770 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $1,025 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $12,258 | |||
| Total expenses and disbursements | $17,497 | $0 | $0 | $1,020 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $16,477 | $0 | $0 | |
| Contributions, gifts, grants paid | $1,020 | |||
| Excess of revenue over expenses and disbursements | $-1,444 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $6,881 | $6,880 |
| Cash - non-interest-bearing | $4,314 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $2,567 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $6,881 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $6,504 |
| Net value of noncharitable-use assets | $6,400 |
| Minimum investment return | $320 |
| Distributable Amount (for 2012) | |
| Distributable amount | $320 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $320 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $320 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Womans Art Club Of Cincinnati Foundation | 6980 Cambridge Ave, Cincinnati, OH 45227-3362 | OH | 2007-03 | $122,085 |
| 2 | Kayenta Arts Foundation | 800 Kayenta Parkway, Ivins, UT 84738 | UT | 2011-09 | $399,229 |
| 3 | Utah Coalition Against Sexual Assault | 284 West 400 South, Salt Lake City, UT 84103 | UT | 1997-02 | $350,362 |
| 4 | Wasatch Western Heritage Inc | 475 N Main St, Heber City, UT 84032-1439 | UT | 2003-02 | $346,923 |
| 5 | Friends Of Art Works For Kids | 2511 S West Temple, Salt Lake Cty, UT 84115-3060 | UT | 2014-03 | $255,156 |
| 6 | Underdog Foundation Inc | 1781 Sidewinder Drive, Park City, UT 84060 | UT | 2006-01 | $250,584 |
| 7 | Ten Thousand Villages Utah Inc | 2518 E Holladay Oaks Ln, Holladay, UT 84117-5481 | UT | 2000-03 | $216,869 |
| 8 | Falun Dafa Association Of Utah | 1093 Durham Cir, Syracuse, UT 84075-6892 | UT | 2012-08 | $165,629 |
| 9 | Element 11 Inc | 663 West 100 South, Salt Lake City, UT 84104 | UT | 2012-07 | $105,936 |
| 10 | Arts And Divine Culture Association | 2345 W Autumn Wood Ln, Salt Lake Cty, UT 84129-1689 | UT | 2009-10 | $102,092 |
| 11 | Utah Pioneer Heritage Arts | 1258 W Pitchfork Rd, Salt Lake Cty, UT 84123-7671 | UT | 2009-01 | $69,818 |
| 12 | High Valley Arts Foundation | 817 N Double Eagle Drive, Midway, UT 84049 | UT | 2009-05 | $52,737 |
| 13 | The Simple Earth Foundation | 240 W Main St, American Fork, UT 84003-2228 | UT | 2004-12 | $40,120 |
| 14 | Peace Cradle Foundation | 9184 S Redwood Road, West Jordan, UT 84088 | UT | 2011-03 | $29,926 |
| 15 | Latter-Day Renaissance Inc | Po Box 888, Provo, UT 84603 | UT | 2011-07 | $25,176 |
| 16 | Celebrating Children Us And China | 789 S 900 E, Springville, UT 84663-4303 | UT | 2010-12 | $25,075 |
| 17 | Conjunto Folklorico Chile Una Postal | PO BOX 221, Bountiful, UT 84011-0221 | UT | 2011-06 | $22,973 |
| 18 | Spring City Arts | Po Box 357, Spring City, UT 84662 | UT | 2007-09 | $17,953 |
| 19 | Alpine Library And Cultural Arts Foundation | 55 N Meadowbrook Dr, Alpine, UT 84004-1776 | UT | 2003-12 | $0 |
| 20 | Artes De Mexico En Utah | Po Box 58562, Salt Lake City, UT 84158 | UT | 2011-05 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 6,763 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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