Matanuska Electric Association Charitable Foundation in Palmer, Alaska (AK)
Table of contents:
| Matanuska Electric Association Charitable Foundation | |
| Employer Identification Number (EIN) | 272680085 |
| Name of Organization | Matanuska Electric Association Charitable Foundation |
| In Care of Name | Chair Mea Charitable Foundation |
| Address | PO BOX 2929, Palmer, AK 99645-2929 |
| Subsection | Charitable Organization |
| Ruling Date | 09/2011 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $108,386 |
| Amount of Income | $169,272 |
| Form 990 Revenue Amount | $169,272 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Public Foundations |
Non-representatives - add comments:
Amount of income in 2014: $169,272 (it was $158,353 in 2013)
| Matanuska Electric Association Charitable Foundation: | $169,272 |
| Other organizations performing similar types of work: | $71,328 |
Assets in 2014: $108,386 (it was $127,044 in 2013)
| Matanuska Electric Association Charitable Foundation: | $108,386 |
| Other organizations performing similar types of work: | $50,799 |
Expenses in 2013: $119,217
| This organization: | $119,217 |
| Other organizations performing similar types of work: | $47,311 |
Income to expenses ratio in 2013: 1.4
| Matanuska Electric Association Charitable Foundation: | 1.4 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 99.9%
| Matanuska Electric Association Charitable Foundation: | 99.9% |
| Other organizations performing similar types of work: | 7.7% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $161,850 | $149,761 | $158,353 |
| Contributions, gifts, grants, and similar amounts received | $161,841 | $149,614 | $158,273 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $47 | $80 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $9 | $100 | $0 |
| Total expenses | $114,740 | $137,235 | $119,217 |
| Total net assets | $51,583 | $64,109 | $103,244 |
| Excess/Deficit for the year | $47,110 | $12,526 | $39,136 |
| Net assets or fund balances at beginning of year | $4,473 | $51,583 | $64,108 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $64,109 | $103,244 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $82,739 | $69,109 | $127,044 |
| Total liabilities | $31,156 | $5,000 | $23,800 |
| Net assets or fund balances | $51,583 | $64,109 | $103,244 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $503,788 |
| Subtotal Support | $503,788 |
| Gifts, grants, contributions, and membership fees received | $503,788 |
| 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 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $503,924 |
| Public Support | $503,788 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $136 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $80 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Roswell Park Alliance Foundation | Elm And Carlton St, Buffalo, NY 14263-0001 | NY | 1996-08 | $28,110,672 |
| 2 | Science Foundation Arizona | 400 E Van Buren St Ste 220, Phoenix, AZ 85004-2223 | AZ | 2006-11 | $7,919,015 |
| 3 | St Andrews Charitable Foundation | 6633 Delmar Blvd, St Louis, MO 63130-4505 | MO | 2008-01 | $1,344,641 |
| 4 | Tma Support Corporation | 2427 M L K Jr Ave Se, Washington, DC 20020-5815 | DC | 2006-10 | $709,645 |
| 5 | Rotary Club Of Coralsprings-Parkland Foundation Inc | 11873 Nw 2nd Ct, Coral Springs, FL 33071-8017 | FL | 2007-03 | $57,467 |
| 6 | Arctic Slope Community Foundation | 3900 C St Ste 801, Anchorage, AK 99503-5963 | AK | 2010-12 | $1,821,064 |
| 7 | Best Beginnings | 3350 Commercial Dr Ste 104a, Anchorage, AK 99501-3057 | AK | 2013-05 | $1,250,317 |
| 8 | Solace International Inc | 2104 Lincoln Ave, Anchorage, AK 99517-3021 | AK | 2004-06 | $287,416 |
| 9 | Matanuska Electric Association Charitable Foundation | PO BOX 2929, Palmer, AK 99645-2929 | AK | 2011-09 | $169,272 |
| 10 | The Duct Tape Ball | PO BOX 241973, Anchorage, AK 99524-1973 | AK | 2001-12 | $126,353 |
| 11 | Japan Relief Fund Of Alaska Foundation Inc | 2820 Wendys Way, Anchorage, AK 99517-1401 | AK | 2012-01 | $86,791 |
| 12 | The Anchorage Robert Burns Appreciation Society | 1120 E 5th Ave, Anchorage, AK 99501-2759 | AK | 2004-08 | $59,538 |
| 13 | Albrecht-Milan Foundation Of The Amer Soc For Circumpolar Health | 19516 Laura Lee Cir, Eagle River, AK 99577-8415 | AK | 2013-08 | $12,010 |
| 14 | Eagles Wings Ministries | Box 431 Nki, Naukati Bay, AK 99950 | AK | 2014-04 | $4,052 |
| 15 | Alaskan Geology Inc | 7137 Clemens Circle, Eagle River, AK 99577 | AK | 1995-04 | $1,427 |
| 16 | Robert D Kvasnikoff Memorial Foundation | 1637 Stanton Ave, Anchorage, AK 99508-5034 | AK | 2012-12 | $1 |
| 17 | Alaska Canada Energy Coalition Inc | PO BOX 2339, Wrangell, AK 99929-2339 | AK | 2013-06 | $0 |
| 18 | Assets For Interior Alaskan Youth | Po Box 83862, Fairbanks, AK 99708 | AK | 2002-02 | $0 |
| 19 | Bartlett Girls Basketball Booster Club | 3515 Sherrie St, Anchorage, AK 99504-4065 | AK | 1998-05 | $0 |
| 20 | Friends Of Glacier Bay | Po Box 135, Gustavus, AK 99826 | AK | 2007-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 13,855 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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