Glendale Hispanic Business & Professional Association in Verdugo City, California (CA)

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Glendale Hispanic Business & Professional Association
Employer Identification Number (EIN)954306673
Name of OrganizationGlendale Hispanic Business & Professional Association
AddressPO BOX 806, Verdugo City, CA 91046-0806
ActivitiesFraternal Beneficiary society, order, or association
SubsectionEducational Organization
Ruling Date10/2014
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 Period12/2013
Assets$1 to $9,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$2,163
Amount of Income$26,095
Form 990 Revenue Amount$18,030
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities:


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Amount of income in 2013: $26,095 (it was $31,321 in 2012)
Glendale Hispanic Business & Professional Association: 

 $26,095
Other organizations performing similar types of work: 

 $26,095

Assets in 2013: $2,163 (it was $6,053 in 2012)
This organization: 

 $2,163
Other organizations performing similar types of work: 

 $2,163

Expenses in 2012: $23,871
This organization: 

 $23,871
Other organizations performing similar types of work: 

 $23,871

Income to expenses ratio in 2012: 1.1
Glendale Hispanic Business & Professional Association: 

 1.1
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2012: 44.3%
Glendale Hispanic Business & Professional Association: 

 44.3%
Other organizations performing similar types of work: 

 44.3%

Financial snapshot ($)

Revenue for 2012

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$21,163
Contributions, gifts, grants, and similar amounts received$9,380
Program service revenue including government fees and contracts$0
Membership dues and assessments$1,200
Investment income$51
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$10,532
Gross income from gaming$0
Gross income from fundraising events$20,690
Less: direct expenses from gaming and fundraising events$10,158
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$23,871
Total net assets$6,053
Deficit for the year$-2,708
Net assets or fund balances at beginning of year$8,761
Other changes in net assets or fund balances$0
Balance Sheets (for 2012)
Total assets$6,053
Total liabilities$0
Net assets or fund balances$6,053
Other Information (for 2012)
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 2012)
The organization is not a private foundation because it is:Not provided
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Glendale Hispanic Business & Professional AssociationPO BOX 806, Verdugo City, CA 91046-0806CA2014-10$26,095
2Drummond Senior Citizens CenterPo Box 287, Drummond, MT 59832MT2002-09$0
Number of organizations performing similar types of work
California1
Montana1
Total2

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