The Iacc Foundation in Washington, District of Columbia (DC)
Table of contents:
| The Iacc Foundation | |
| Employer Identification Number (EIN) | 522317305 |
| Name of Organization | The Iacc Foundation |
| Address | 1730 M St Nw Ste 1020, Washington, DC 20036-4533 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 08/2001 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $218,726 |
| Amount of Income | $70,288 |
| Form 990 Revenue Amount | $70,288 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2013: $70,288 (it was $74,194 in 2012)
| This organization: | $70,288 |
| Other organizations performing similar types of work: | $77,925 |
Assets in 2013: $218,726 (it was $192,261 in 2012)
| The Iacc Foundation: | $218,726 |
| Other organizations performing similar types of work: | $54,860 |
Expenses in 2013: $51,698
| This organization: | $51,698 |
| Other organizations performing similar types of work: | $44,826 |
Income to expenses ratio in 2013: 1.4
| The Iacc Foundation: | 1.4 |
| Other organizations performing similar types of work: | 2.2 |
Grants share in income in 2013: 0.0%
| The Iacc Foundation: | 0.0% |
| Other organizations performing similar types of work: | 69.7% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total revenue | $62,197 | $67,971 | $74,194 | $70,288 |
| Contributions, gifts, grants, and similar amounts received | $0 | $67,505 | $0 | $0 |
| Program service revenue including government fees and contracts | $61,565 | $0 | $73,801 | $69,994 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $632 | $466 | $393 | $294 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $36,954 | $36,046 | $79,247 | $51,698 |
| Total net assets | $165,389 | $197,314 | $192,261 | $210,851 |
| Excess/Deficit for the year | $25,243 | $31,925 | $-5,053 | $18,590 |
| Net assets or fund balances at beginning of year | $140,146 | $165,389 | $197,314 | $192,261 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $165,389 | $192,261 | $210,851 | |
| Balance Sheets | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total assets | $165,389 | $197,314 | $192,261 | $218,726 |
| Total liabilities | $0 | $0 | $0 | $7,875 |
| Net assets or fund balances | $165,389 | $197,314 | $192,261 | $210,851 |
| Other Information | ||||
| 2010 | 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 | 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 | $0 |
| Gross receipts for public use of club facilities | $0 | $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: (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 | $344,732 |
| Subtotal | $344,732 |
| Gifts, grants, contributions, and membership fees received | $0 |
| 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 | $344,732 |
| 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 | $347,372 |
| Public support | $344,732 |
| Subtotal | $2,640 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $2,640 |
| 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 | Schuyler County Human Servicesdevelopment Corporation | 105 Ninth St, Watkins Glen, NY 14891-1435 | NY | 2008-04 | $421,855 |
| 2 | Open Square Foundation | PO BOX 29903, San Francisco, CA 94129-0903 | CA | 2008-09 | $30,728,292 |
| 3 | Umb Health Sciences Research Park Corporation | 620 W Lexington St 4th Fl, Baltimore, MD 21201-1508 | MD | 2005-10 | $14,440,110 |
| 4 | Team Neo Foundation | 737 Bolivar Rd, Cleveland, OH 44115-1246 | OH | 2000-06 | $6,450,445 |
| 5 | Friends Of T-Rex | 911 Washington Ave Ste 500, Saint Louis, MO 63101-1271 | MO | 2014-06 | $6,298,515 |
| 6 | Spider Management Company | 6806 Paragon Pl Ste 290, Richmond, VA 23230-1824 | VA | 2003-10 | $3,689,871 |
| 7 | Cea Foundation | 1919 South Eads Street, Arlington, VA 22202-3028 | VA | 2008-10 | $3,689,583 |
| 8 | Idonate Foundation Inc | 706 North Lindenwood Drive, Olathe, KS 66062-1839 | KS | 2008-08 | $3,640,523 |
| 9 | Sc Launch Inc, Sc Launch | 1000 Catawba Street, Columbia, SC 29201-5706 | SC | 2008-06 | $2,984,224 |
| 10 | Shumard Foundation Inc | 3520 Piedmont Rd Ne Ste 200, Atlanta, GA 30305-1511 | GA | 2007-09 | $2,970,347 |
| 11 | Tulsas Future Inc | 1 W 3rd St Ste 100, Tulsa, OK 74103-3513 | OK | 2006-07 | $2,337,750 |
| 12 | Santa Fe Railyard Community | 332 Read St, Santa Fe, NM 87501-2629 | NM | 2000-11 | $1,823,123 |
| 13 | Foundation For Building Bridges Across The River | 1901 Mississippi Ave Se, Washington, DC 20020-6117 | DC | 2005-03 | $1,749,647 |
| 14 | Linbeck Family Charitable Tr, Stephen Maislin Ttee | 5120 Woodway Dr Ste 6000, Houston, TX 77056-1791 | TX | 2012-07 | $1,570,055 |
| 15 | Ugm Landowner | 3800 S Othello St, Seattle, WA 98118-3562 | WA | 2008-12 | $1,320,742 |
| 16 | John G Watson Foundation Inc | 4455 Foxhollow Ct, San Diego, CA 92130-2429 | CA | 2014-07 | $1,079,464 |
| 17 | Greater Washington Sports Alliance Foundation | 2300 14th St Nw, Washington, DC 20009-4069 | DC | 2007-01 | $524,710 |
| 18 | The Iacc Foundation | 1730 M St Nw Ste 1020, Washington, DC 20036-4533 | DC | 2001-08 | $70,288 |
| 19 | Cornet Association Of America | 1666 K Street Nw, Washington, DC 20006-1219 | DC | 2010-09 | $0 |
| 20 | National Capital Area Environmental Health Association | 2000 Pennsylvania Avenue Nw Box 361, Washington, DC 20006 | DC | 2013-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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