PARALLEL STUDIOS INC: Form 990EZ, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- PARALLEL STUDIOS INC (EIN 36-4663305)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-08-13
- IRS object ID
- 201332259349200643
- Schema version
- 2012v2.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-08-13T08:48:49-07:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Donna Bailey CPA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1440 B ST Francis Drive | AddressLine1 |
| City | Santa Fe | City |
| State | NM | State |
| ZIP Code | 87505 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990EZ | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 364663305 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Parallel Studios Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PARA | NameControl |
| Phone | 5056706473 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 167 Soaring Hawk Trail | AddressLine1 |
| City | Santa Fe | City |
| State | NM | State |
| ZIP Code | 87508 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Frank Regano | Name |
| Title | Executive Director | Title |
| Date Signed | 2013-08-13 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Donna Bailey | Name |
| PTIN | P00669498 | PTIN |
| Phone | 5059821443 | Phone |
| Self Employed | X | SelfEmployed |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990-EZ IRS990EZ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Cash | X | MethodOfAccountingCash |
| Schedule B Not Required | X | ScheduleBNotRequired |
| Web Site | N/A | WebSite |
| Organization501c3 | X | Organization501c3 |
| Gross Receipts | 102495 | GrossReceipts |
| Info In Schedule O Part I | X | InfoInScheduleOPartI |
| Contributions Gifts Grants Etc | 94871 | ContributionsGiftsGrantsEtc |
| Program Service Revenue | 6544 | ProgramServiceRevenue |
| Cost Other Basis And Sales Expenses | 0 | CostOtherBasisAndSalesExpenses |
| Fundraising Gross Income | 0 | FundraisingGrossIncome |
| Special Events Direct Expenses | 0 | SpecialEventsDirectExpenses |
| Cost Of Goods Sold | 0 | CostOfGoodsSold |
| Other Revenue Total | 1080 | OtherRevenueTotal |
| Total Revenue | 102495 | TotalRevenue |
| Salaries Other Comp Empl Benefits | 26373 | SalariesOtherCompEmplBenefits |
| Fees And Oth Pymt To Ind Contractors | 14590 | FeesAndOthPymtToIndContractors |
| Printing Publications Postage | 3030 | PrintingPublicationsPostage |
| Other Expenses Total | 62260 | OtherExpensesTotal |
| Total Expenses | 106253 | TotalExpenses |
| Excess Or Deficit For Year | -3758 | ExcessOrDeficitForYear |
| Net Assets Or Fund Balances BOY | 13280 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 9522 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part II | X | InfoInScheduleOPartII |
Cash Savings And Investments CashSavingsAndInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 62516 | BOY |
| EOY | 39771 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 318 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 62516 | BOY |
| EOY | 40089 | EOY |
Sum Of Total Liabilities SumOfTotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49236 | BOY |
| EOY | 30567 | EOY |
Net Assets Or Fund Balances NetAssetsOrFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13280 | BOY |
| EOY | 9522 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Exempt Purpose | Parallel Studios is committed to present the work of emerging and established video and new media artists through exhibitions and workshops. We strive to reinvigorate the role creativity and the arts play in our community and the future of our youth. Our programs create a bridge between youth, the general public and the world of contemporary art. | PrimaryExemptPurpose |
Program Service Accomplishment ProgramServiceAccomplishment (2 entries)
| Description Program Service AccomDescriptionProgramServiceAccom | Grants And AllocationsGrantsAndAllocations | Program Service ExpensesProgramServiceExpenses |
|---|---|---|
| Youth Media Makers | 1000 | |
| "Currents" Exibition | 78431 | 25000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | 79431 | TotalProgramServiceExpenses |
Officer Director Trustee Key Empl OfficerDirectorTrusteeKeyEmpl (7 entries)
| TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation |
|---|---|---|
| Mariannah Amster | ||
| Co Ex Director | 0 | 11232 |
| Filip Celander | ||
| Director | 0 | 0 |
| Paul Marcus | ||
| Director | 0 | 0 |
| Anne Farrell | ||
| Director | 0 | 0 |
| Richard Lowenberg | ||
| President | 0 | 0 |
| Kitty Juda | ||
| Vice President | 0 | 0 |
| Frank Regano | ||
| Co Ex Director | 0 | 12744 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part V | X | InfoInScheduleOPartV |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRpt |
| Made Changes To Orgnzng Etc Doc | false | MadeChangesToOrgnzngEtcDoc |
| Organization Had UBI | false | OrganizationHadUBI |
| Organization Filed990 T | false | OrganizationFiled990T |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Organization Dissolved Etc | false | OrganizationDissolvedEtc |
| Did Org File Form1120 POL This Year | false | DidOrgFileForm1120POLThisYear |
| Made Loans To From Officers | false | MadeLoansToFromOfficers |
| Initiation Fees And Capital Contri | 0 | InitiationFeesAndCapitalContri |
| Gross Receipts For Public Use | 0 | GrossReceiptsForPublicUse |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTrans |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Frank Regano | NamePerson |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 167 Soaring Hawk Trail | AddressLine1 |
| City | Santa Fe | City |
| State | NM | State |
| ZIP Code | 875081414 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5056706473 | TelephoneNumber |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Financial Account | false | ForeignFinancialAccount |
| Foreign Office | false | ForeignOffice |
| Maintain Any Donor Advised Funds | false | MaintainAnyDonorAdvisedFunds |
| Does Org Have Hospital | false | DoesOrgHaveHospital |
| Tanning Services Provided | false | TanningServicesProvided |
| Form720 Filed | false | Form720Filed |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction With Control Entity | false | TransactionWithControlEntity |
| Engage Political Cmpgn Activities | false | EngagePoliticalCmpgnActivities |
| Engage In Lobbying Activities | false | EngageInLobbyingActivities |
| Operating School | false | OperatingSchool |
| Trnsfrs Exempt Non Char Related Org | false | TrnsfrsExemptNonCharRelatedOrg |
| Related Org Section527 Org | false | RelatedOrgSection527Org |
| Part VI Of Comp Of Highest Paid Empl | NONE | PartVIOfCompOfHighestPaidEmpl |
| Part VIA Hghst Paid Cntrct Prof Ser | NONE | PartVIAHghstPaidCntrctProfSer |
| Filed Schedule A | true | FiledScheduleA |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | 100915 | CurrentTaxYear |
| Total | 100915 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | 500 | CurrentTaxYear |
| Total | 500 | Total |
Gross Receipts From Non UBI GrossReceiptsFromNonUBI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Tax Rev Levied For Org Benefit509 TaxRevLeviedForOrgBenefit509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Value Of Svcs Fclts Furnishd By Govt ValueOfSvcsFcltsFurnishdByGovt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | 101415 | CurrentTaxYear |
| Total | 101415 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 101415 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Post1975 UBTI Post1975UBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Net Income From Other UBI NetIncomeFromOtherUBI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Income509 OtherIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | 1080 | CurrentTaxYear |
| Total | 1080 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | 102495 | CurrentTaxYear |
| Total | 102495 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| First5 Years509 | X | First5Years509 |
| Public Support Percentage509 | 0.00000 | PublicSupportPercentage509 |
| Investment Income Percentage | 0.00000 | InvestmentIncomePercentage |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (23 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Form 990-EZ, Part II, Line 26.1 | Total Liabilities.1 | - Beginning $49236 - Ending $30567 |
| Form 990-EZ, Part II, Line 24.1 | Other Assets.1 | Accounts receivable - Beginning $0 Accounts receivable - Ending $318 |
| Form 990-EZ, Part I, Line 16.18 | Other Expenses.18 | Taxes $10 |
| Form 990-EZ, Part I, Line 16.17 | Other Expenses.17 | Licenses $10 |
| Form 990-EZ, Part I, Line 16.16 | Other Expenses.16 | Dues and Subscriptions $25 |
| Form 990-EZ, Part I, Line 16.15 | Other Expenses.15 | Accounting $179 |
| Form 990-EZ, Part I, Line 16.14 | Other Expenses.14 | Security $325 |
| Form 990-EZ, Part I, Line 16.13 | Other Expenses.13 | Honoratium $500 |
| Form 990-EZ, Part I, Line 16.12 | Other Expenses.12 | Janitorial $541 |
| Form 990-EZ, Part I, Line 16.10 | Other Expenses.10 | Computer/Internet $1203 |
| Form 990-EZ, Part I, Line 16.9 | Other Expenses.9 | Craft Services $1405 |
| Form 990-EZ, Part I, Line 16.8 | Other Expenses.8 | Signage $1667 |
| Form 990-EZ, Part I, Line 16.6 | Other Expenses.6 | Equipment Rental $2225 |
| Form 990-EZ, Part I, Line 16.5 | Other Expenses.5 | Meals and Entertainment $2230 |
| Form 990-EZ, Part I, Line 16.4 | Other Expenses.4 | Graphic Design $2250 |
| Form 990-EZ, Part I, Line 16.3 | Other Expenses.3 | Supplies $3631 |
| Form 990-EZ, Part I, Line 16.2 | Other Expenses.2 | Contract Services $5305 |
| Form 990-EZ, Part I, Line 16.1 | Other Expenses.1 | Equipment Rental $9221 |
| Form 990-EZ, Part I, Line 16.1012 | Other Expenses.1012 | Insurance $1949 |
| Form 990-EZ, Part I, Line 16.1008 | Other Expenses.1008 | Interest $146 |
| Form 990-EZ, Part I, Line 16.1005 | Other Expenses.1005 | Travel $9318 |
| Form 990-EZ, Part I, Line 16.1001 | Other Expenses.1001 | Advertising and Promotion $20120 |
| Form 990-EZ, Part I, Line 8.1 | Other Revenue.1 | Fiscal Agent Fees $1080 |
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