Foundation For Community Betterment in Washington, District of Columbia (DC)
Table of contents:
| Foundation For Community Betterment | |
| Employer Identification Number (EIN) | 311724638 |
| Name of Organization | Foundation For Community Betterment |
| In Care of Name | Stephen Pinkos |
| Address | 919 18th St Nw, Washington, DC 20006-5503 |
| Subsection | Charitable Organization |
| Ruling Date | 09/2000 |
| 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 | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $167,017 |
| Amount of Income | $163,328 |
| Form 990 Revenue Amount | $163,328 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $163,328 (it was $193,086 in 2012)
| This organization: | $163,328 |
| Other organizations performing similar types of work: | $135,279 |
Assets in 2013: $167,017 (it was $173,634 in 2012)
| Foundation For Community Betterment: | $167,017 |
| Other organizations performing similar types of work: | $114,906 |
Expenses in 2013: $155,619
| This organization: | $155,619 |
| Other organizations performing similar types of work: | $121,073 |
Income to expenses ratio in 2013: 1.0
| Foundation For Community Betterment: | 1.0 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 91.7%
| Foundation For Community Betterment: | 91.7% |
| Other organizations performing similar types of work: | 8.8% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $193,086 | $163,328 | |
| Contributions, gifts, grants, and similar amounts received | $190,860 | $149,719 | |
| Program service revenue including government fees and contracts | $0 | $0 | |
| Membership dues and assessments | $0 | $0 | |
| Investment income | $2,201 | $13,609 | |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | |
| Other revenue | $25 | $0 | |
| Total expenses | $209,812 | $155,619 | |
| Total net assets | $158,812 | $155,689 | |
| Excess/Deficit for the year | $-16,726 | $7,709 | |
| Net assets or fund balances at beginning of year | $111,884 | $158,812 | |
| Other changes in net assets or fund balances | $63,654 | $-10,832 | |
| Net assets or fund balances at end of year | $158,812 | $155,689 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $182,014 | $173,634 | $167,017 |
| Total liabilities | $70,130 | $14,822 | $11,328 |
| Net assets or fund balances | $158,812 | $155,689 | |
| 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 | |
| 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 | |
| Gross receipts for public use of club facilities | $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 | $1,207,402 |
| Subtotal | $1,207,402 |
| Gifts, grants, contributions, and membership fees received | $1,207,402 |
| 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 | $1,248,487 |
| Public support | $1,207,402 |
| Subtotal | $41,060 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $41,060 |
| 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 | $25 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | West River Foundation For Economic And Community Development | PO BOX 605, Sturgis, SD 57785-0605 | SD | 2000-10 | $1,093,865 |
| 2 | Patriot Majority Usa | 1717 Rhode Island Ave Nw Ste 600, Washington, DC 20036-3030 | DC | 2011-07 | $6,613,626 |
| 3 | Urban Entrepreneur Partnership Inc | 3011 Gates Rd Nw, Washington, DC 20008-2118 | DC | 2006-04 | $839,478 |
| 4 | Shaw Main Streets Inc | 875 N St Nw Ste 201, Washington, DC 20001-4891 | DC | 2004-01 | $582,132 |
| 5 | Congress Heights Main Streets Incorporated | 3127 Martin Luther King Ave Se, Washington, DC 20032-1533 | DC | 2013-06 | $381,151 |
| 6 | Anacostia Business Improvement District Corporation, Abid | 2216 Martin Luther King Jr Ave Se, Washington, DC 20020 | DC | 2011-08 | $279,537 |
| 7 | Data Transparency Coalition | 8 E St Se, Washington, DC 20003-2611 | DC | 2013-10 | $221,933 |
| 8 | Coalblue Project | 1110 Vermont Ave Nw Ste 1000, Washington, DC 20005-3551 | DC | 2013-10 | $199,000 |
| 9 | Washington D C Technology Council Inc | 1400 K St Nw Ste 1000, Washington, DC 20005-2403 | DC | 1999-11 | $189,586 |
| 10 | Cuba Emprende Foundation | 611 Pennsylvania Ave Se No 208, Washington, DC 20003-4303 | DC | 2013-05 | $170,622 |
| 11 | 14th Street Heights Main Street Program | 4503 Iowa Avenue Nw, Washington, DC 20011 | DC | 2004-04 | $0 |
| 12 | Ajebe Esung Self Help Foundation, Charity | 6670 Georgia Ave Nw Apt 203, Washington, DC 20012-2550 | DC | 2014-11 | $0 |
| 13 | Braintree Institute | 1615 Q St Nw Apt 203, Washington, DC 20009-6312 | DC | 2002-10 | $0 |
| 14 | Capitol City Community Development Corporation | 4645 Nannie Helen Burroughs Ave N, Washington, DC 20019-3622 | DC | 2015-01 | $0 |
| 15 | Commission On Hope Growth And Opportunity | 1900 M St Nw Ste 600, Washington, DC 20036-3519 | DC | 2010-08 | $0 |
| 16 | Dc Innovates Inc, Dc Innovates | 2901 14th St Nw, Washington, DC 20009-6839 | DC | 2012-05 | $0 |
| 17 | Georgia Avenue Business Improvement District Development C, Gabiddc | 7405 9th St Nw, Washington, DC 20012-1701 | DC | 2015-04 | $0 |
| 18 | Infrastructure Financial Inc | 3220 N Street Nw Ste 126, Washington, DC 20007 | DC | 2012-08 | $0 |
| 19 | Maryland Avenue Community Development Corporation | 611 Maryland Ave Ne, Washington, DC 20002-5811 | DC | 2010-07 | $0 |
| 20 | Microventure Support Inc | 717 Lawrence St Ne, Washington, DC 20017 | DC | 2009-12 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,253 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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