Gallery 50 Inc in Bridgeton, New Jersey (NJ)

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Gallery 50 Inc
Employer Identification Number (EIN)223791256
Name of OrganizationGallery 50 Inc
In Care of NameSharon Keifer
Address50 E Commerce St, Bridgeton, NJ 08302-2649
SubsectionCharitable Organization
Ruling Date03/2002
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
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$13,672
Amount of Income$41,845
Form 990 Revenue Amount$25,746
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Visual Arts Organizations


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Amount of income in 2012: $41,845 (it was $26,724 in 2011)
Gallery 50 Inc: 

 $41,845
Other organizations performing similar types of work: 

 $182,985

Assets in 2012: $13,672 (it was $14,470 in 2011)
Gallery 50 Inc: 

 $13,672
Other organizations performing similar types of work: 

 $225,425

Financial snapshot ($)

Revenue for 2011

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$26,724
Contributions, gifts, grants, and similar amounts received$8,785
Program service revenue including government fees and contracts$2,036
Membership dues and assessments$9,656
Investment income$9
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$6,241
Gross sales of inventory, less returns and allowances$23,354
Less: cost of goods sold$17,113
Other revenue$0
Other$-3
Total expenses$25,451
Total net assets$14,091
Excess for the year$1,273
Net assets or fund balances at beginning of year$12,818
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$14,470
Total liabilities$379
Net assets or fund balances$14,091
Other Information (for 2011)
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 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$257,349
Gifts, grants, contributions, and membership fees received$115,662
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$141,588
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$99
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Frist Center For The Visual Arts In C919 Broadway, Nashville, TN 37203-3822TN1998-07$11,551,959
2American Ceramic Society Inc600 N Cleveland Ave Ste 210, Westerville, OH 43082-6921OH1982-07$10,851,630
3Arts Club Of Chicago201 E Ontario St, Chicago, IL 60611-3204IL1937-05$7,724,585
4Grounds For Sculpture Inc14 Fairgrounds Road Suite A, Hamilton, NJ 08619-3447NJ2000-05$4,304,717
5Museum Of Contemporary Art Cleveland8501 Carnegie Ave, Cleveland, OH 44106-2919OH1974-10$3,730,909
6Textile Museum Of D C2320 S St Nw, Washington, DC 20008-4088DC1929-03$3,473,810
7The American Architectural Foundation Inc2101 L Street Nw, Washington, DC 20037-1526DC1960-06$3,188,188
8Pratt Fine Arts Center1902 S Main St, Seattle, WA 98144-2206WA1983-10$2,253,963
9Virginia Museum Of Contemporary Art2200 Parks Ave, Virginia Bch, VA 23451-4062VA1971-06$2,017,613
10Parkersburg Art Center Inc725 Market St, Parkersburg, WV 26101-4628WV1965-01$1,398,822
11Kentucky Museum Of Art And Craft Inc715 W Main St, Louisville, KY 40202-2633KY1981-07$1,354,169
12The Studios Of Key West Inc600 White St, Key West, FL 33040-7153FL2007-04$1,017,387
13Elizabeth Lane Oliver Center For The ArtsPO BOX 1513, Frankfort, MI 49635-1513MI1984-07$542,431
14Quinlan Arts Inc514 Green St Ne, Gainesville, GA 30501-3314GA1964-09$368,708
15The Center For Emerging Visual Artists Ltd237 S 18th St Apt 3a, Philadelphia, PA 19103-6112PA1983-11$296,421
16Midcoast Fine ArtsPO BOX 4142, Rock Island, IL 61204-4142IL1996-02$203,676
17Sculpture Center1834 E 123rd St, Cleveland, OH 44106-1910OH1994-05$156,748
18Laguna Beach Festival Of Arts Foundation650 Laguna Canyon Rd, Laguna Beach, CA 92651-1837CA1989-03$137,983
19Market Five Gallery7th And N Carolina Ave Se, Washington, DC 20003DC1974-12$98,221
20Marble Institute Of Colorado IncPO BOX 481743, Denver, CO 80248-1743CO1996-04$94,648
21Waco Creative Art Center1300 College Dr, Waco, TX 76708-1401TX1973-05$86,880
22The Printmaking Center Of New Jersey440 River Rd, Branchburg, NJ 08876-3565NJ1975-07$417,158
23American Institute Of Graphic Arts, Ocd The Original Champions Of Desig40 Galesi Dr, Wayne, NJ 07470-4826NJ1991-04$282,608
24Princeton Art Association19 Everett Aly, Trenton, NJ 08611-1737NJ1966-09$143,157
25Center For The Arts In Southern Nj123 S Elmwood Rd, Marlton, NJ 08053-2564NJ1983-02$61,076
26Pine Shores Art Association IncPO BOX 886, Manahawkin, NJ 08050-0886NJ1990-06$57,808
27Cha Foundation Inc319 E 54th St, Elmwood Park, NJ 07407-2712NJ1996-10$42,126
28Gallery 50 Inc50 E Commerce St, Bridgeton, NJ 08302-2649NJ2002-03$41,845
29Art Alliance Of Monmouth County New Jersey Inc33 Monmouth St, Red Bank, NJ 07701-1613NJ1982-07$37,779
30Atlantic City Art Center, Na NaPo Box 1061, Atlantic City, NJ 08401NJ1985-12$0
Number of organizations performing similar types of work
Alaska1
Alabama4
Arkansas1
Arizona2
California60
Colorado13
Connecticut11
District of Columbia8
Florida25
Georgia12
Hawaii1
Iowa3
Idaho1
Illinois15
Indiana8
Kansas4
Kentucky9
Louisiana6
Massachusetts17
Maryland6
Maine3
Michigan16
Minnesota9
Missouri8
Mississippi4
Montana1
North Carolina20
Nebraska5
New Hampshire2
New Jersey11
New Mexico6
Nevada2
New York54
Ohio24
Oklahoma3
Oregon9
Pennsylvania19
Rhode Island4
South Carolina4
Tennessee4
Texas27
Utah3
Virginia12
Vermont4
Washington12
Wisconsin8
West Virginia2
Wyoming2
International1
Total486

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