Africa Bags Inc in Loveland, Colorado (CO)

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Africa Bags Inc
Employer Identification Number (EIN)208331454
Name of OrganizationAfrica Bags Inc
Address235 Hopkins Ct, Loveland, CO 80537-3301
SubsectionCharitable Organization
Ruling Date04/2008
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000 to $24,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$12,424
Amount of Income$28,614
Form 990 Revenue Amount$20,156
National Taxonomy of Exempt Entities (NTEE)International, Foreign Affairs and National Security: International Agricultural Development


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Amount of income in 2013: $28,614 (it was $55,718 in 2012)
Africa Bags Inc: 

 $28,614
Other organizations performing similar types of work: 

 $63,727

Assets in 2013: $12,424 (it was $12,661 in 2012)
Africa Bags Inc: 

 $12,424
Other organizations performing similar types of work: 

 $36,323

Expenses in 2013: $19,605
This organization: 

 $19,605
Other organizations performing similar types of work: 

 $58,730

Income to expenses ratio in 2013: 1.5
Africa Bags Inc: 

 1.5
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2013: 43.2%
This organization: 

 43.2%
Other organizations performing similar types of work: 

 100.0%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$46,672$34,585$20,156
Contributions, gifts, grants, and similar amounts received$17,031$20,956$8,701
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$29,641$13,629$11,455
Gross sales of inventory, less returns and allowances$44,097$34,762$19,913
Less: cost of goods sold$14,456$21,133$8,458
Other revenue$0$0$0
Total expenses$61,211$42,248$19,605
Total net assets$20,324$12,661$12,424
Excess/Deficit for the year$-14,539$-7,663$551
Net assets or fund balances at beginning of year$26,555$20,324$11,873
Other changes in net assets or fund balances$8,308$0$0
Net assets or fund balances at end of year$12,661$13,212
Balance Sheets
201120122013
Total assets$20,324$12,661$12,424
Total liabilities$0$0$0
Net assets or fund balances$20,324$12,661$12,424
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
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 supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$328,592
Subtotal$328,592
Gifts, grants, contributions, and membership fees received$147,078
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$181,514
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$328,592
Public support$328,592
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
IdNameAddressStateEstablishedTotal Income
1Radler Foundation3131 W 7th St # 400, Fort Worth, TX 76107-2779TX2010-05$1,777,640
2Self Help Africa Inc304 Park Ave S Fl 11, New York, NY 10010-4305NY2010-04$705,097
32seeds Network Inc641 S St Nw 3rd Floor, Washington, DC 20001-5131DC2010-10$488,910
4Worlds Poultry Science Association1775 E Palm Canyon Dr Ste 110, Palm Springs, CA 92264-1623CA1956-01$450,420
5International Literacy And Development7500 W Camp Wisdom Rd, Dallas, TX 75236-5629TX2013-08$301,189
6Bridges Of Hope Inc27 Kenney Ave, West Hartford, CT 06107CT2008-10$271,705
7Runa Foundation Inc33 Flatbush Ave Suite 505, Brooklyn, NY 11217NY2012-03$249,742
8Semilla NuevaPO BOX 465, Ashland, OR 97520OR2010-09$173,883
9Second Mile Inc, Second Mile WaterPo Box 1332, Boulder, CO 80027CO2013-02$164,273
10Africa Bags Inc235 Hopkins Ct, Loveland, CO 80537-3301CO2008-04$28,614
11Alpine InitiativesPO BOX 4421, Aspen, CO 81612CO2010-09$25,838
12African Community Advancement InitiativePo Box 894, Littleton, CO 80160CO2013-10$0
13Bio Resources And International Development For Global507 E Mulberry St, Fort Collins, CO 80524-3145CO2003-09$0
14Borlaug Training Foundation2937 Swing Station Way, Fort Collins, CO 80521-1138CO2015-02$0
15Centre For Rural Development - Africa5740 Prospect Road, Longmont, CO 80503CO2014-07$0
16Fi-Lanthro-Pe Inc3874 South Fraser Street P-10, Aurora, CO 80014CO2013-08$0
17Friends Of Enca Farm1031 33rd St Ste 186, Denver, CO 80205-2729CO2013-09$0
18Global Village Hope Foundation Inc5630 E Wickerdale Lane, Highlands Ranch, CO 80130CO2010-04$0
19Middle East Water And Energy Resource Institute14274 W Exposition Dr, Lakewood, CO 80228-2340CO2002-01$0
20Widow Farmers Hope Organization3161 Rock Creek Dr, Broomfield, CO 80020-6763CO2007-06$0
Number of organizations performing similar types of work
Alabama2
Arkansas1
Arizona3
California22
Colorado12
Connecticut3
District of Columbia10
Delaware1
Florida15
Georgia5
Hawaii1
Iowa3
Illinois9
Indiana5
Kentucky3
Massachusetts7
Maryland10
Maine2
Michigan2
Minnesota3
Missouri2
Montana2
North Carolina3
New Mexico2
Nevada1
New York15
Ohio3
Oregon9
Pennsylvania5
Rhode Island1
South Dakota1
Tennessee3
Texas23
Utah3
Virginia7
Vermont1
Washington9
Wisconsin1
International4
Total214

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