Exempt Organization Business Income Tax Return

Transcription

1 Form A B C H I J Part I Part II 990-T Department of the Treasury Internal Revenue Service Check box if address changed Exempt under section X C 3 Exempt Organization Business Income Tax Return Unrelated Trade or Business Income 267,619 (and proxy tax under section 6033(e)) For calendar year 2012 or other tax year beginning , and ending. See separate instructions. Name of organization ( Check box if name changed and see instructions.) 501( ) ( ) Print 408(e) 220(e) or Number, street, and room or suite no. If a P.O. box, see instructions. 408A 530(a) Type 529(a) Book value of all assets at end of year 09/30/13 DEETTE HOLDEN CUMMER MUSEUM FOUNDATION, INC. 829 RIVERSIDE AVE City or town, state, and ZIP code JACKSONVILLE FL a b Gross receipts or sales Less returns and allowances c Balance c 2 Cost of goods sold (Schedule A, line 7) Gross profit. Subtract line 2 from line 1c a Capital gain net (attach Schedule D) a b Net gain (loss) (Form 4797, Part II, line 17) (attach Form 4797) b c Capital loss deduction for trusts c 5 Income (loss) from partnerships and S corporations (attach statement) Rent (Schedule C) Unrelated debt-financed (Schedule E) Interest, annuities, royalties, and rents from controlled organizations (Schedule F) Investment of a section 501(c)(7), (9), or (17) organization (Schedule G) Exploited exempt activity (Schedule I) Advertising (Schedule J) Other (see instructions; attach statement) Total. Combine lines 3 through /01/ D Employer identification number (Employees' trust, see instructions.) E Unrelated business activity codes (see instructions) F Group exemption number (see instructions) 51,212,084 G Check organization type X 501(c) corporation 501(c) trust 401(a) trust Other trust Describe the organization's primary unrelated business activity. See Statement 1 During the tax year, was the corporation a subsidiary in an affiliated group or a parent-subsidiary controlled group? Yes X No If "Yes," enter the name and identifying number of the parent corporation. The books are in care of Telephone number 48,837 48,837 Deductions Not Taken Elsewhere (see instructions for limitations on deductions.) (except for contributions, deductions must be directly connected with the unrelated business ) 14 Compensation of officers, directors, and trustees (Schedule K) Salaries and wages Repairs and maintenance Bad debts Interest (attach statement) Taxes and licenses Charitable contributions (see instructions for limitation rules) Depreciation (attach Form 4562) 21 12, Less depreciation claimed on Schedule A and elsewhere on return a 22b 23 Depletion Contributions to deferred compensation plans Employee benefit programs Excess exempt expenses (Schedule I) Excess readership costs (Schedule J) Other deductions (attach statement) Total deductions. Add lines 14 through Unrelated business taxable before net operating loss deduction. Subtract line 29 from line Net operating loss deduction (limited to the amount on line 30) Unrelated business taxable before specific deduction. Subtract line 31 from line Specific deduction (generally $1,000, but see line 33 instructions for exceptions) Unrelated business taxable. Subtract line 33 from line 32. If line 33 is greater than line 32, enter the smaller of zero or line DAA For Paperwork Reduction Act Notice, see instructions. OMB No Open to Public Inspection for 501(c) Organizations Only HOPE MCMATH (A) Income (B) Expenses (C) Net 267, ,834 46,785 46,785 See Stmt 2 2,052 2,052 12,520 See Statement 3 46,215 58,735-9,898-9,898 1,000-9,898

2 Page 2 Part III Part IV Tax Computation 35 Organizations taxable as corporations (see instructions for tax computation). Controlled group members (sections 1561 and 1563) check here See instructions and: a Enter your share of the $50,000, $25,000, and $9,925,000 taxable brackets (in that order): $ $ $ b Enter organization's share of: Additional 5 tax (not more than $11,750) $ Additional 3 tax (not more than $100,000) $ c Income tax on the amount on line c 36 Trusts taxable at trust rates (see instructions for tax computation). Income tax on the amount on line 34 from: Tax rate schedule or Schedule D (Form 1041) Proxy tax (see instructions) Alternative minimum tax Total. Add lines 37 and 38 to line 35c or 36, whichever applies Tax and Payments 40a Foreign tax credit (corporations attach Form 1118; trusts attach Form 1116) a b Other credits (see instructions) b c General business credit. Attach Form 3800 (see instructions) c d Credit for prior year minimum tax (attach Form 8801 or 8827) d e Total credits. Add lines 40a through 40d e 41 Subtract line 40e from line Other taxes. Check if from: Form 4255 Form 8611 Form 8697 Form 8866 Other (att. stmt.) Total tax. Add lines 41 and a Payments: A 2011 overpayment credited to a b 2012 estimated tax payments b c Tax deposited with Form c d Foreign organizations: Tax paid or withheld at source (see instructions) d e Backup withholding (see instructions) e f Credit for small employer health insurance premiums (Attach Form 8941) f g Other credits and payments: Form 2439 Form 4136 Other Total 44g 45 Total payments. Add lines 44a through 44g Estimated tax penalty (see instructions). Check if Form 2220 is attached Tax due. If line 45 is less than the total of lines 43 and 46, enter amount owed Overpayment. If line 45 is larger than the total of lines 43 and 46, enter amount overpaid Enter the amount of line 48 you want: Credited to 2013 estimated tax Refunded Part V Statements Regarding Certain Activities and Other Information (see instructions) Schedule A Cost of Goods Sold. Enter method of inventory valuation 82,593 Purchases 118, ,746 1 Inventory at beginning of year Inventory at end of year Cost of goods sold. Subtract line 6 from 3 Cost of labor line 5. Enter here and in Part I, line a Additional sec. 263A costs (attach stmt.) a 8 Do the rules of section 263A (with respect to Yes No b Other costs (attach statement) Stmt b 18,573 property produced or acquired for resale) apply 5 Total. Add lines 1 through 4b ,686 to the organization? X Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Sign Here At any time during the 2012 calendar year, did the organization have an interest in or a signature or other authority over a financial account (bank, securities, or other) in a foreign country? If "Yes," the organization may have to file Form TD F , Report of Foreign Bank and Financial Accounts. If "Yes," enter the name of the foreign country here During the tax year, did the organization receive a distribution from, or was it the grantor of, or transferor to, a foreign trust? If "Yes," see instructions for other forms the organization may have to file. Enter the amount of tax-exempt interest received or accrued during the tax year $ Paid Preparer Use Only DAA Signature of officer Date Title Print/Type preparer's name Preparer's signature EXECUTIVE DIRECTOR Yes No May the IRS discuss this return with the preparer shown below (see instructions)? Yes No Barbara Towle 08/05/14 self-employed P Firm's name Firm's EIN Firm's address DEETTE HOLDEN CUMMER MUSEUM James Knutzen & Assoc., C.P.A.'s, P.A Belfort Rd. Bldg 300 Jacksonville, FL Lower cost mkt Date Phone no. Check if PTIN X X 0 60, ,834 X

3 Page 3 Schedule C Rent Income (From Real Property and Personal Property Leased With Real Property) (see instructions) 1. of property Total 2. Rent received or accrued Total (c) Total. Add totals of columns 2(a) and 2(b). Enter here and on page 1, Part I, line 6, column (A) Schedule E Unrelated Debt-Financed Income (see instructions) (b) Total deductions. Enter here and on page 1, Part I, line 6, column (B) Enter here and on page 1, Enter here and on page 1, Part I, line 7, column (A). Part I, line 7, column (B). Totals Total dividends-received deductions included in column Schedule F Interest, Annuities, Royalties, and Rents From Controlled Organizations (see instructions) Exempt Controlled Organizations (a) From personal property (if the percentage of rent (b) From real and personal property (if the 3(a) Deductions directly connected with the for personal property is more than 10 but not percentage of rent for personal property exceeds in columns 2(a) and 2(b) (attach statement) more than 50) 50 or if the rent is based on profit or ) 2. Gross from or 1. of debt-financed property allocable to debt-financed property 4. of average 5. Average adjusted basis acquisition debt on or of or allocable to allocable to debt-financed debt-financed property property (attach statement) (attach statement) 1. Name of controlled 2. Employer organization identification number Nonexempt Controlled Organizations DEETTE HOLDEN CUMMER MUSEUM Column 4 divided by column 5 3. Deductions directly connected with or allocable to debt-financed property (a) Straight line depreciation (attach statement) 7. Gross reportable (column 2 x column 6) (b) Other deductions (attach statement) 8. Allocable deductions (column 6 x total of columns 3(a) and 3(b)) 3. Net unrelated 4. Total of specified 5. Part of column 4 that is 6. Deductions directly (loss) (see instructions) payments made included in the controlling connected with organization's gross inc. in column 5 7. Taxable Income 8. Net unrelated 9. Total of specified (loss) (see instructions) payments made 10. Part of column 9 that is 11. Deductions directly included in the controlling connected with in organization's gross column 10 Totals DAA Add columns 5 and 10. Add columns 6 and 11. Enter here and on page 1, Enter here and on page 1, Part I, line 8, column (A). Part I, line 8, column (B).

4 DEETTE HOLDEN CUMMER MUSEUM Page 4 Schedule G Investment Income of a Section 501(c)(7), (9), or (17) Organization (see instructions) Enter here and on page 1, Enter here and on page 1, Part I, line 9, column (A). Part I, line 9, column (B). Totals Schedule I Exploited Exempt Activity Income, Other Than Advertising Income (see instructions) Totals Schedule J Advertising Income (see instructions) Part I Income From Periodicals Reported on a Consolidated Basis Totals (carry to Part II, line (5)). Part II Income From Periodicals Reported on a Separate Basis (For each periodical listed in Part II, fill in columns 2 through 7 on a line-by-line basis.) Totals from Part I 3. Deductions 5. Total deductions 1. of 2. of directly connected 4. Set-asides and set-asides (col. 3 (attach statement) (attach statement) plus col.4) 1. of exploited activity 1. Name of periodical 2. Gross 3. Expenses unrelated directly business connected with production of from trade or unrelated business business 4. Net (loss) from unrelated trade or business (column 2 minus column 3). If a gain, compute cols. 5 through Gross from activity that is not unrelated business Totals, Part II (lines 1-5).... Schedule K Compensation of Officers, Directors, and Trustees (see instructions) Total. Enter here and on page 1, Part ll, line DAA 1. Name of periodical 7. Excess exempt 6. Expenses expenses attributable to (column 6 minus column 5 column 5, but not more than column 4). Enter here and on Enter here and on Enter here and page 1, Part I, page 1, Part I, on page 1, line 10, col. (A). line 10, col. (B). Part ll, line Advertising 7. Excess readership 2. Gross gain or (loss) (col. costs (column 6 advertising 3. Direct 5. Circulation 6. Readership 2 minus col. 3). If minus column 5, but advertising costs costs a gain, compute not more than cols. 5 through 7. column 4). 2. Gross advertising 3. Direct advertising costs 4. Advertising gain or (loss) (col. 2 minus col. 3). If a gain, compute cols. 5 through 7. Enter here and on Enter here and on Enter here and page 1, Part I, page 1, Part I, on page 1, line 11, col. (A). line 11, col. (B). Part ll, line Name 2. Title 5. Circulation 3. Percent of time devoted to business 6. Readership costs 7. Excess readership costs (column 6 minus column 5, but not more than column 4). 4. Compensation attributable to unrelated business

5 CUMMER DEETTE HOLDEN CUMMER MUSEUM Federal Statements FYE: 9/30/2013 8/5/2014 3:43 PM Statement 1 - Form 990-T - Primary Unrelated Business Activity MUSEUM STORE SELLS BOOKS, ART, AND GIFTS RELATED TO PERMANENT COLLECTION AND TRAVELING EXHIBITS. Statement 2 - Form 990-T, Part I, Line 12 - Other Income COFFEE BAR LEASE $ 2,052 Total $ 2,052 Statement 3 - Form 990-T, Part II, Line 28 - Other Deductions INSURANCE OCCUPANCY $ 1, UTILITIES TELEPHONE 4, COMPUTER SUPPORT 5,272 BANK FEES 3,783 CHARGE CARD PROCESSING 5,821 PROMOTIONAL ACCOUNTING 4,029 13,750 PAYROLL TAX 4,501 BENEFITS 350 WORKERS COMP 557 PAYROLL PROCESSING 977 Total $ 46,

6 CUMMER DEETTE HOLDEN CUMMER MUSEUM Federal Statements FYE: 9/30/2013 8/5/2014 3:43 PM Statement 4 - Form 990-T, Schedule A, Line 4b - Other Costs MUSEUM STORE $ 18,573 Total $ 18,573 4

7 CUMMER DEETTE HOLDEN CUMMER MUSEUM Federal Statements FYE: 9/30/2013 8/5/2014 3:43 PM MUSEUM STORE Other Costs SUPPLIES $ 1,253 TAXES 499 OTHER 800 TRAVEL OBSOLETE INVENTORY 3, EVENTS 3,500 POINT OF SALE MAINT 815 FREIGHT 8,097 CONTRACTS 67 Total $ 18,573