Tie Foundation in Santa Clara, California (CA)
Table of contents:
| Tie Foundation | |
| Employer Identification Number (EIN) | 202163741 |
| Name of Organization | Tie Foundation |
| In Care of Name | Gururaj Deshpande |
| Address | 2903 Bunker Hill Lane, Santa Clara, CA 95054-1141 |
| Subsection | Educational Organization |
| Ruling Date | 05/2006 |
| 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 | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $90,997 |
| Amount of Income | $73,032 |
| Form 990 Revenue Amount | $73,032 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Management Services for Small Business, Entrepreneurs |
Non-representatives - add comments:
Amount of income in 2013: $73,032 (it was $118,497 in 2012)
| This organization: | $73,032 |
| Other organizations performing similar types of work: | $127,010 |
Assets in 2013: $90,997 (it was $96,805 in 2012)
| Tie Foundation: | $90,997 |
| Other organizations performing similar types of work: | $83,317 |
Expenses in 2013: $78,840
| Tie Foundation: | $78,840 |
| Other organizations performing similar types of work: | $154,560 |
Income to expenses ratio in 2013: 0.9
| This organization: | 0.9 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 100.0%
| Tie Foundation: | 100.0% |
| Other organizations performing similar types of work: | 40.6% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $67,790 | $118,497 | $73,032 |
| Contributions, gifts, grants, and similar amounts received | $67,790 | $118,497 | $73,032 |
| 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 | $67,824 | $121,571 | $78,840 |
| Total net assets | $99,879 | $96,805 | $90,997 |
| Excess/Deficit for the year | $-34 | $-3,074 | $-5,808 |
| Net assets or fund balances at beginning of year | $99,913 | $99,879 | $96,805 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $96,805 | $90,997 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $99,879 | $96,805 | $90,997 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $99,879 | $96,805 | $90,997 |
| 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: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $296,684 |
| Subtotal | $296,684 |
| Gifts, grants, contributions, and membership fees received | $296,684 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $0 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| 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 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $296,684 |
| Public support | $296,684 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Small Business Majority Foundation Inc | 4000 Bridgeway Ste 101, Sausalito, CA 94965-1444 | CA | 2010-11 | $4,935,336 |
| 2 | Los Angeles Cleantech Incubator | 411 S Hewitt Street, Los Angeles, CA 90013 | CA | 2012-08 | $1,684,863 |
| 3 | Startx | 2627 Hanover St, Palo Alto, CA 94304-1118 | CA | 2013-06 | $1,657,007 |
| 4 | Engine Advocacy | 414 Brannan St, San Francisco, CA 94107 | CA | 2013-11 | $848,769 |
| 5 | West Contra Costa Business Development Center | 334 11th Street, Richmond, CA 94801 | CA | 1996-01 | $275,614 |
| 6 | Enovant | PO BOX 8176, Newport Beach, CA 92658-8176 | CA | 2012-04 | $261,269 |
| 7 | Kigali Center For Entrepreneurs | 19405 Riverside Dr, Sonoma, CA 95476-6334 | CA | 2005-03 | $250,806 |
| 8 | Indian Pharmacists Association Of California | 2424 Whispering Trl, Irvine, CA 92602-0825 | CA | 2014-09 | $234,110 |
| 9 | Solano Center For Business Innovation Inc | 360 Campus Ln Ste 102, Fairfield, CA 94534-1572 | CA | 2012-02 | $129,548 |
| 10 | Bravo Ag Group Inc | 7890 Road 21, Madera, CA 93637-9387 | CA | 2014-09 | $116,426 |
| 11 | Tie Foundation | 2903 Bunker Hill Lane, Santa Clara, CA 95054-1141 | CA | 2006-05 | $73,032 |
| 12 | Lending Hope Foundation | 727 Glendora Ave, La Puente, CA 91744 | CA | 2009-11 | $61,468 |
| 13 | African American Business Exchange | PO BOX 4231, Oakland, CA 94614-4231 | CA | 2002-05 | $56,971 |
| 14 | San Francisco Higos Inc | PO BOX 1308, Oxnard, CA 93032-1308 | CA | 2013-09 | $50,288 |
| 15 | Economic Prosperity Council Of Tuolumne County | 99 N Washington Street, Sonora, CA 95370 | CA | 2009-10 | $33,400 |
| 16 | Intelliversity | 7302 Azalea Pl, Carlsbad, CA 92011-4804 | CA | 2010-09 | $32,000 |
| 17 | Fite Project, Fite & Fite Foundation | 1535 Beachey Pl, Carson, CA 90746-4005 | CA | 2012-02 | $20,000 |
| 18 | The@hatch Partnership | 777 E Tahquitz Canyon Way Ste 111, Palm Springs, CA 92262-6776 | CA | 2009-06 | $15,000 |
| 19 | Alternate Energy Center Of San Jose Inc | PO BOX 471, San Jose, CA 95103-0471 | CA | 2011-06 | $5,590 |
| 20 | Labnexus | 2435 Frankfort St, San Diego, CA 92110 | CA | 2012-06 | $100 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 518 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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