Main Street Arts in Saxtons River, Vermont (VT)
Table of contents:
| Main Street Arts | |
| Employer Identification Number (EIN) | 222888176 |
| Name of Organization | Main Street Arts |
| Address | PO BOX 100, Saxtons River, VT 05154-0100 |
| Activities | Community center |
| Subsection | Charitable Organization |
| Ruling Date | 08/1988 |
| 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 | 03/2014 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $500,794 |
| Amount of Income | $329,180 |
| Form 990 Revenue Amount | $329,180 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts, Cultural Organizations - Multipurpose |
Non-representatives - add comments:
Amount of income in 2014: $329,180 (it was $186,919 in 2013)
| This organization: | $329,180 |
| Other organizations performing similar types of work: | $114,174 |
Assets in 2014: $500,794 (it was $311,859 in 2013)
| Main Street Arts: | $500,794 |
| Other organizations performing similar types of work: | $91,147 |
Expenses in 2013: $107,011
| Main Street Arts: | $107,011 |
| Other organizations performing similar types of work: | $107,011 |
Income to expenses ratio in 2013: 3.1
| This organization: | 3.1 |
| Other organizations performing similar types of work: | 1.6 |
Grants share in income in 2013: 67.8%
| Main Street Arts: | 67.8% |
| Other organizations performing similar types of work: | 37.0% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $97,934 | $186,919 |
| Contributions, gifts, grants, and similar amounts received | $37,660 | $126,783 |
| Program service revenue including government fees and contracts | $53,262 | $52,008 |
| Membership dues and assessments | $3,320 | $2,530 |
| Investment income | $3,642 | $5,427 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $50 | $171 |
| Gross sales of inventory, less returns and allowances | $50 | $171 |
| Less: cost of goods sold | $0 | $0 |
| Other revenue | $0 | $0 |
| Total expenses | $95,211 | $107,011 |
| Total net assets | $229,561 | $309,469 |
| Excess/Deficit for the year | $2,723 | $79,908 |
| Net assets or fund balances at beginning of year | $226,825 | $229,561 |
| Other changes in net assets or fund balances | $13 | $0 |
| Net assets or fund balances at end of year | $229,561 | $309,469 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $238,840 | $311,859 |
| Total liabilities | $9,279 | $2,390 |
| Net assets or fund balances | $229,561 | $309,469 |
| Other Information | ||
| 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 |
| 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 |
| 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 | 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 | $511,446 |
| Subtotal | $511,446 |
| Gifts, grants, contributions, and membership fees received | $275,853 |
| 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 | $235,593 |
| 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 | $530,582 |
| Public support | $511,446 |
| Subtotal | $19,136 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $19,136 |
| 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 | The One Club For Art & Copy | 260 5th Ave Fl 2, New York, NY 10001-6408 | NY | 1992-07 | $6,843,742 |
| 2 | Winnetka Community House | 620 Lincoln Ave, Winnetka, IL 60093-2331 | IL | 1941-07 | $3,619,193 |
| 3 | Society For Neuro-Oncology | PO BOX 273296, Houston, TX 77277-3296 | TX | 1997-03 | $2,318,472 |
| 4 | Northeast Organic Farming Association Of Vermont, Nofa-Vt | PO BOX 697, Richmond, VT 05477-0697 | VT | 1994-03 | $2,236,399 |
| 5 | Sisters Network | 2115 Laurel Bend Lane, Houston, TX 77014 | TX | 1996-09 | $1,402,275 |
| 6 | Texas Advocacy Project Inc | 1524 S Ih 35 Ste 350, Austin, TX 78704-0117 | TX | 1982-10 | $1,132,934 |
| 7 | Sacred Heart Cultural Center Inc | 1301 Greene St, Augusta, GA 30901-1031 | GA | 1988-01 | $755,362 |
| 8 | Suicide Awareness-Voices Of Education | 8120 Penn Ave S Ste 470, Bloomington, MN 55431-1322 | MN | 1992-04 | $741,331 |
| 9 | Welcome Home Ministries | PO BOX 100183, Nashville, TN 37224-0183 | TN | 1994-01 | $659,607 |
| 10 | The Community Festival | PO BOX 82061, Columbus, OH 43202-0061 | OH | 1978-02 | $650,430 |
| 11 | Temple Theater Company Inc | 114 Carthage St, Sanford, NC 27330-4203 | NC | 1982-07 | $649,519 |
| 12 | Main Street Arts | PO BOX 100, Saxtons River, VT 05154-0100 | VT | 1988-08 | $329,180 |
| 13 | The Sunshine Center Inc | 468 Boyle Rd, Port Jeff Sta, NY 11776-4202 | NY | 1994-02 | $309,468 |
| 14 | Urasenke Foundation Of California | 2143 Powell St, San Francisco, CA 94133-1948 | CA | 1994-08 | $259,898 |
| 15 | United Inventors Assn Of The Usa | 1025 Connecticut Ave Nw Ste 1000, Washington, DC 20036-5417 | DC | 1993-08 | $230,992 |
| 16 | Watertown Childrens Theatre Inc | PO BOX 54, Watertown, MA 02471-0054 | MA | 1977-02 | $223,183 |
| 17 | Bristol Friends Of The Arts Inc | 25 Main Street, Bristol, VT 05443-1344 | VT | 1991-11 | $122,353 |
| 18 | Northern New England School Of Banking | PO BOX 587, Montpelier, VT 05601-0587 | VT | 1993-08 | $106,673 |
| 19 | Vermont Parent Information Center | 600 Blair Park Suite 240, Williston, VT 05495-7549 | VT | 1996-12 | $9 |
| 20 | Alcohol & Drug Abuse Council Of Central Vermont Inc, Partners For Prevention Partners For Prevention | 5 Perry St, Barre, VT 05641 | VT | 1995-08 | $0 |
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