W E T Foundation in Guntersville, Alabama (AL)
Table of contents:
| W E T Foundation | |
| Employer Identification Number (EIN) | 454535366 |
| Name of Organization | W E T Foundation |
| In Care of Name | Gerald R Rowe Jr Cpa |
| Address | PO BOX 844, Guntersville, AL 35976-0844 |
| Subsection | Charitable Organization |
| Ruling Date | 05/2014 |
| 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 | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $24,698 |
| Amount of Income | $35,000 |
| Form 990 Revenue Amount | $35,000 |
| National Taxonomy of Exempt Entities (NTEE) | Environmental Quality, Protection and Beautification: Water Resource, Wetlands Conservation and Management |
Non-representatives - add comments:
Amount of income in 2014: $35,000 (it was $20,000 in 2013)
| W E T Foundation: | $35,000 |
| Other organizations performing similar types of work: | $74,738 |
Assets in 2014: $24,698 (it was $17,151 in 2013)
| W E T Foundation: | $24,698 |
| Other organizations performing similar types of work: | $43,214 |
Expenses in 2013: $2,049
| This organization: | $2,049 |
| Other organizations performing similar types of work: | $59,513 |
Income to expenses ratio in 2013: 17.1
| This organization: | 17.1 |
| Other organizations performing similar types of work: | 0.7 |
Grants share in income in 2013: 100.0%
| W E T Foundation: | 100.0% |
| Other organizations performing similar types of work: | 97.5% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $0 | $0 | $20,000 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $20,000 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| 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 | $0 | $0 | $0 |
| Total expenses | $0 | $800 | $2,049 |
| Total net assets | $0 | $-800 | $17,151 |
| Excess/Deficit for the year | $0 | $-800 | $17,951 |
| Net assets or fund balances at beginning of year | $0 | $0 | $-800 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $0 | $-800 | $17,151 |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $1 | $1 | $17,151 |
| Total liabilities | $0 | $800 | $0 |
| Net assets or fund balances | $0 | $-800 | $17,151 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No |
| Were any significant changes made to the organizing or governing documents? | No | 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 | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | 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 | No |
| Total amount involved | $0 | $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 | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | 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 | $20,000 |
| Subtotal Support | $20,000 |
| Gifts, grants, contributions, and membership fees received | $20,000 |
| 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 | $20,000 |
| Public Support | $20,000 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Coosa Riverkeeper | 12112 Highway 78, Riverside, AL 35135 | AL | 2010-11 | $76,010 |
| 2 | Village Creek Human & Environmental | 1329 Forestdale Blvd Ste 205, Birmingham, AL 35214-3026 | AL | 2001-04 | $69,045 |
| 3 | Soldier Creek Preservation Association Inc | 9625 Soldier Creek Rd, Lillian, AL 36549-5723 | AL | 2014-12 | $59,233 |
| 4 | W E T Foundation | PO BOX 844, Guntersville, AL 35976-0844 | AL | 2014-05 | $35,000 |
| 5 | Browns Creek Preservation Association | 214 Browns Creek Rd, Guntersville, AL 35976 | AL | 2010-09 | $19,555 |
| 6 | Logan Martin Lake Protection Assoc | Po Box 2002, Pell City, AL 35125 | AL | 2001-06 | $13,798 |
| 7 | Alabama Section Of American Water Resources | 559 Devall Drive, Auburn University, AL 36849 | AL | 2013-05 | $0 |
| 8 | Autauga Creek Improvement Committee Inc | 3551st Street, Prattville, AL 36067 | AL | 2012-03 | $0 |
| 9 | Conecuh-Sepulga Watershed Alliance Inc | 18264 Brooklyn Rd, Evergreen, AL 36401 | AL | 2000-10 | $0 |
| 10 | Friends Of Big Canoe Creek-The | Po Box 10, Springville, AL 35146 | AL | 2009-08 | $0 |
| 11 | Hulsey Little River Trust | 2412 Fulton Drive, Fultondale, AL 35068 | AL | 2008-03 | $0 |
| 12 | Lake Guntersville Preservation | PO BOX 907, Guntersville, AL 35976 | AL | 2006-01 | $0 |
| 13 | Lake Martin Home Owners And Boat Owners Association Inc | Po Box 1030, Dadeville, AL 36853 | AL | 2008-09 | $0 |
| 14 | Lake Watch Of Lake Martin | Po Box 72, Alexander City, AL 35011-0072 | AL | 2014-08 | $0 |
| 15 | Middle Chattahoochee River Stewards Inc | 20 Fob James Dr, Valley, AL 36854-5000 | AL | 2002-06 | $0 |
| 16 | Middle Tallapoosa River Conservation Association | PO BOX 864, Alex City, AL 35011-0864 | AL | 2001-07 | $0 |
| 17 | Mobile Baykeeper | 300 Dauphin Street Suite 200, Mobile, AL 36602 | AL | 2005-01 | $0 |
| 18 | Northwood Lake Watershed Association Inc | Po Box 284, Northport, AL 35476 | AL | 2002-08 | $0 |
| 19 | Promoting Rivers Through Education Inc | 300-4 Water Street, Montgomery, AL 36104-2501 | AL | 2005-02 | $0 |
| 20 | Save Weiss Lake Foundation | Po Box 355, Centre, AL 35960 | AL | 2013-11 | $0 |
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| Total | 2,302 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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