Lake City Arts Council in Lake City, Colorado (CO)

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Lake City Arts Council
Employer Identification Number (EIN)841238386
Name of OrganizationLake City Arts Council
AddressPO BOX 876, Lake City, CO 81235-0876
ActivitiesCultural performances
SubsectionEducational Organization
Ruling Date12/1993
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$1,000,000 to $4,999,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$2,029,531
Amount of Income$235,075
Form 990 Revenue Amount$201,128
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Arts, Cultural Organizations - Multipurpose


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Amount of income in 2012: $235,075 (it was $169,195 in 2011)
Lake City Arts Council: 

 $235,075
Other organizations performing similar types of work: 

 $111,130

Assets in 2012: $2,029,531 (it was $1,947,440 in 2011)
Lake City Arts Council: 

 $2,029,531
Other organizations performing similar types of work: 

 $97,828

Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$136,227
Contributions, Gifts, Grants and Other Similar Amounts$114,746
Program Service Revenue$24,109
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$8
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental loss$-4,253
Gross rents (Real / Personal)$27,069 / $0
Less: rental expenses (Real / Personal)$31,322 / $0
Rental income or (loss) (Real / Personal)$-4,253 / $0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$1,524
Gross income from fundraising events$1,524
Less: direct expenses$0
Net income from gaming activities$0
Net income from sales of inventory$93
Gross sales of inventory, less returns and allowances$1,739
Less: cost of goods sold$1,646
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$103,873
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$17,639
Payroll taxes$1,639
Professional fundraising services$411
Other$84,184
Balance Sheet (for 2011)
Total assets$1,947,440
Total liabilities$74,700
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$66,713
Unsecured notes and loans payable to unrelated third parties$6,054
Other$1,933
Total net assets or fund balances$1,872,740
Retained earnings, endowment, accumulated income, or other funds$1,872,740
Reason for Public Charity Status (for 2011)
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
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$1,442,025
Gifts, grants, contributions, and membership fees received$1,101,428
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$161,334
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$156,946
Other$22,317
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$26,573$52,476$-25,903
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$58$0$0
Rent income$26,165$524,761$-26,311
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$350$0$350
Deductions Not Taken Elsewhere (for 2008)
Total deductions$0
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$-25,903
Unrelated business taxable income before net operating loss deduction$-25,903
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-25,903
Specific deduction$1,000
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Riverpark Center Inc101 Daviess St, Owensboro, KY 42303-4263KY1988-11$3,139,613
2Womens Intercultural Center IncPO BOX 2411, Anthony, NM 88021-2411NM1993-10$128,367
3Judd Foundation101 Spring St, New York, NY 10012-3903NY1997-02$9,804,236
4Festival Of Arts Of Laguna Beach650 Laguna Canyon Rd, Laguna Beach, CA 92651-1837CA1940-02$9,512,629
5Center Of Creative Arts, Coca524 Trinity Ave, Saint Louis, MO 63130-4314MO1986-08$8,787,158
6Hospital Audiences Inc3302 Skillman Ave Fl 1, Long Is City, NY 11101-2337NY1968-10$5,250,515
7Figge Art Museum225 W 2nd St, Davenport, IA 52801-1804IA1966-09$3,670,351
8Consensus Building Institute238 Main St Ste 400, Cambridge, MA 02142-1016MA1993-09$3,479,088
9Collaborative-Arts Project 21 Inc C/O Frank Ventura18 W 18th St Fl 6, New York, NY 10011-4652NY1994-01$3,382,080
10Northeast Organic Farming Association Of Vermont, Nofa-VtPO BOX 697, Richmond, VT 05477-0697VT1994-03$2,800,997
11Encounter For Culture And Education Inc, Encounter Books900 Broadway Ste 601, New York, NY 10003-1237NY2006-06$2,562,020
12Garde Arts Center Inc312 State St, New London, CT 06320-6101CT1986-09$2,336,991
13Public Risk Management Assn Inc700 S Washington St Ste 218, Alexandria, VA 22314-4291VA1996-08$2,274,165
14Milwaukee County War Memorial Center Inc750 North Lincoln Memorial Drive, Milwaukee, WI 53202-4018WI1945-11$2,212,119
15Center For Fathers And Families920 Del Paso Blvd, Sacramento, CA 95815-3513CA1994-09$2,004,488
16Dunedin Fine Arts Cultural Center Inc1143 Michigan Blvd, Dunedin, FL 34698-2712FL1978-02$1,815,526
17Napo Inc, Natl Assn Of Professional Organizer15000 Commerce Pkwy Ste C, Mount Laurel, NJ 08054-2212NJ1996-09$1,630,160
18Public Lands Interpretive Association6501 Fourth Street Nw, Albuquerque, NM 87107-5800NM1981-09$1,509,959
19Newton Communications Access Center Inc23 Needham St, Newton, MA 02461-1615MA1991-09$1,460,009
20Artreach Inc3400 W 38th Ave Ste 200, Denver, CO 80211-1966CO1978-11$1,403,451
21Marieluise Hessel Foundation65 Avalanche Canyon Dr, Jackson, WY 83001-9009WY1997-03$1,401,479
22Love Station IncPO BOX 14, Ponca City, OK 74602-0014OK1995-05$1,384,692
23Clare Boothe Luce Policy Institute112 Elden St Ste P, Herndon, VA 20170-4832VA1993-08$1,237,674
24Coffee Quality Institute, Specialty Coffee Institute330 Golden Shore Ste 50, Long Beach, CA 90802-4247CA1998-02$1,233,608
25Center Of Southwest Culture Inc500 Copper Nw, Albuquerque, NM 87102-5304NM1993-03$1,196,208
26Anam Chara1795 Quince Ave, Boulder, CO 80304-1130CO1993-06$309,616
27Colorado Electric Educational Institute5400 Washington St, Denver, CO 80216-1731CO1994-05$249,951
28Lake City Arts CouncilPO BOX 876, Lake City, CO 81235-0876CO1993-12$235,075
29Manitou Springs Arts Academy110 Pawnee Avenue, Manitou Springs, CO 80829CO1994-06$27,883
30German Cultural Foundation3900 E 68th Ave, Commerce City, CO 80022-2247CO1995-10$1,650
Number of organizations performing similar types of work
Alabama8
Arkansas6
Arizona12
California50
Colorado18
Connecticut8
District of Columbia11
Florida32
Georgia14
Hawaii5
Iowa6
Idaho2
Illinois30
Indiana11
Kansas9
Kentucky8
Louisiana4
Massachusetts18
Maryland8
Michigan21
Minnesota12
Missouri22
Mississippi3
Montana3
North Carolina18
North Dakota2
Nebraska9
New Hampshire3
New Jersey19
New Mexico12
Nevada3
New York58
Ohio24
Oklahoma9
Oregon7
Pennsylvania21
Rhode Island5
South Carolina9
South Dakota2
Tennessee13
Texas43
Utah7
Virginia13
Vermont6
Washington8
Wisconsin13
West Virginia5
Wyoming1
International2
Total633

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