Burlington City Arts Foundation Inc in Burlington, Vermont (VT)
Table of contents:
| Burlington City Arts Foundation Inc | |
| Employer Identification Number (EIN) | 030354963 |
| Name of Organization | Burlington City Arts Foundation Inc |
| In Care of Name | Doreen Kraft |
| Address | 149 Church St, Burlington, VT 05401-8429 |
| Activities | Described in section 509(a)(2) of the Code, Other cultural or historical activities |
| Subsection | Charitable Organization |
| Ruling Date | 03/1998 |
| 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 | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $469,541 |
| Amount of Income | $381,123 |
| Form 990 Revenue Amount | $381,123 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2014: $381,123 (it was $160,458 in 2013)
| This organization: | $381,123 |
| Other organizations performing similar types of work: | $151,601 |
Assets in 2014: $469,541 (it was $289,865 in 2013)
| This organization: | $469,541 |
| Other organizations performing similar types of work: | $393,588 |
Expenses in 2013: $168,001
| This organization: | $168,001 |
| Other organizations performing similar types of work: | $97,912 |
Income to expenses ratio in 2013: 2.3
| This organization: | 2.3 |
| Other organizations performing similar types of work: | 1.5 |
Grants share in income in 2013: 98.3%
| This organization: | 98.3% |
| Other organizations performing similar types of work: | 59.7% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $99,313 | $160,458 | |
| Contributions, gifts, grants, and similar amounts received | $53,063 | $157,754 | |
| Program service revenue including government fees and contracts | $1,435 | $2,508 | |
| Membership dues and assessments | $0 | $0 | |
| Investment income | $558 | $196 | |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | |
| Other revenue | $44,257 | $0 | |
| Total expenses | $111,444 | $168,001 | |
| Total net assets | $277,191 | $264,525 | |
| Excess/Deficit for the year | $-12,131 | $-7,543 | |
| Net assets or fund balances at beginning of year | $289,322 | $272,068 | |
| Other changes in net assets or fund balances | $0 | $0 | |
| Net assets or fund balances at end of year | $264,525 | ||
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $302,531 | $301,873 | $289,865 |
| Total liabilities | $25,340 | $29,805 | $25,340 |
| Net assets or fund balances | $277,191 | $264,525 | |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | ||
| Were any significant changes made to the organizing or governing documents? | No | ||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | 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 | ||
| Amount of political expenditures, direct or indirect | $0 | ||
| Did the organization file Form 1120-POL for this year? | 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 | ||
| Total amount involved | $0 | ||
| Initiation fees and capital contributions | $0 | $0 | |
| Gross receipts for public use of club facilities | $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 | ||
| 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 a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $895,527 |
| Subtotal Support | $895,524 |
| Gifts, grants, contributions, and membership fees received | $895,524 |
| 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 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $991,229 |
| Public Support | $895,524 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $5,316 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $90,389 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Support Organization For Madisoncultural Arts District Inc | 6120 University Ave, Middleton, WI 53562-3461 | WI | 2006-12 | $35,903 |
| 2 | The Callanwolde Foundation Inc | 980 Briarcliff Rd Ne, Atlanta, GA 30306-2618 | GA | 1983-10 | $1,927,468 |
| 3 | Visual Arts Center Endowment Trust Inc | 210 Maude St, Punta Gorda, FL 33950-3359 | FL | 2009-07 | $1,785,281 |
| 4 | Sandler Center For The Performing Arts Foundation | PO BOX 66129, Virginia Bch, VA 23466-6129 | VA | 2005-05 | $1,333,592 |
| 5 | Spriestersbach Farm Corporation | PO BOX 1290, Indianapolis, IN 46206-1290 | IN | 2011-07 | $1,141,051 |
| 6 | Keys For Kids Inc | 3456 Minnehaha Avenue South, Minneapolis, MN 55406 | MN | 2006-11 | $847,225 |
| 7 | Lincoln Collection Endowment | PO BOX 11083, Fort Wayne, IN 46855-1083 | IN | 2009-09 | $796,791 |
| 8 | Washington State Heritage Center Trust | PO BOX 40222, Olympia, WA 98504-0222 | WA | 2009-05 | $712,683 |
| 9 | Facilities For The Arts On Spruce Foundation | 251 N Spruce St, Winston Salem, NC 27101-2735 | NC | 2008-04 | $711,629 |
| 10 | The Supporters Of The Center | 123 N Wenatchee Ave, Wenatchee, WA 98801-2238 | WA | 1982-12 | $558,870 |
| 11 | City Of Fresno Cultural Arts Properties Corporation | 2600 Fresno Street Suite 2156, Fresno, CA 93721-3620 | CA | 2011-07 | $482,290 |
| 12 | Burlington City Arts Foundation Inc | 149 Church St, Burlington, VT 05401-8429 | VT | 1998-03 | $381,123 |
| 13 | Heritage Foundation For Germans From Russia | PO BOX 7362, Bismarck, ND 58507-7362 | ND | 2002-01 | $154,052 |
| 14 | Timpanogos Arts Foundation | PO BOX 443, American Fork, UT 84003-0443 | UT | 2003-07 | $127,869 |
| 15 | Friends Of The St Augustine Amphitheatre Inc | PO BOX 840179, St Augustine, FL 32080 | FL | 2010-11 | $122,944 |
| 16 | Zumix Firehouse Inc | 202 Maverick Street, East Boston, MA 02128 | MA | 2009-05 | $96,493 |
| 17 | Arts Angels | Po Box 41, Sea Cliff, NY 11579 | NY | 2007-01 | $62,856 |
| 18 | The Winter Park Sidewalk Art Festival Foundation Inc | PO BOX 597, Winter Park, FL 32790-0597 | FL | 2008-09 | $40,174 |
| 19 | Thomasville Entertainment Foundation Endowment Tr, Mooney Richard G Iii Ttee | PO BOX 1976, Thomasville, GA 31799-1976 | GA | 1999-09 | $33,994 |
| 20 | The Appleton Cultural Center Inc | 4333 E Silver Springs Blvd, Ocala, FL 34470-5001 | FL | 2008-08 | $23,773 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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