Kentucky Heritage Quilt Society Inc in Winchester, Kentucky (KY)

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Kentucky Heritage Quilt Society Inc
Employer Identification Number (EIN)311014772
Name of OrganizationKentucky Heritage Quilt Society Inc
In Care of NameCurrent Treasurer
Address7 Churchill Dr, Winchester, KY 40391-1611
ActivitiesOther cultural or historical activities, Described in section 509(a)(2) of the Code
SubsectionEducational Organization
Ruling Date11/1981
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
Exempt Organization StatusUnconditional Exemption
Tax Period06/2012
Assets$10,000 to $24,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$23,703
Amount of Income$45,471
Form 990 Revenue Amount$34,733

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Financial snapshot ($)

Revenue for 2012

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$34,733
Contributions, gifts, grants, and similar amounts received$367
Program service revenue including government fees and contracts$20,243
Membership dues and assessments$8,590
Investment income$18
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$4,585
Gross income from gaming$0
Gross income from fundraising events$15,323
Less: direct expenses from gaming and fundraising events$10,738
Gross profit from sales of inventory$0
Other revenue$930
Total expenses$24,175
Total net assets$23,703
Excess for the year$10,558
Net assets or fund balances at beginning of year$13,145
Other changes in net assets or fund balances$0
Balance Sheets (for 2012)
Total assets$23,703
Total liabilities$0
Net assets or fund balances$23,703
Other Information (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2012)
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 2012)
2008 - 2012 Total
Total support$245,469
Gifts, grants, contributions, and membership fees received$50,327
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$193,964
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$248
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