1103 Market Street Foundation in Wilmington, Delaware (DE)
Table of contents:
| 1103 Market Street Foundation | |
| Employer Identification Number (EIN) | 202783473 |
| Name of Organization | 1103 Market Street Foundation |
| In Care of Name | Dan Wolcott |
| Address | 1103 N Market St, Wilmington, DE 19801-1223 |
| Subsection | Charitable 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 | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $223,076 |
| Amount of Income | $115,171 |
| Form 990 Revenue Amount | $115,171 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Historical Societies, Related Historical Activities |
Non-representatives - add comments:
Amount of income in 2013: $115,171 (it was $92,393 in 2012)
| 1103 Market Street Foundation: | $115,171 |
| Other organizations performing similar types of work: | $32,954 |
Assets in 2013: $223,076 (it was $262,030 in 2012)
| This organization: | $223,076 |
| Other organizations performing similar types of work: | $59,539 |
Expenses in 2013: $154,125
| This organization: | $154,125 |
| Other organizations performing similar types of work: | $21,061 |
Income to expenses ratio in 2013: 0.7
| 1103 Market Street Foundation: | 0.7 |
| Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2013: 99.7%
| 1103 Market Street Foundation: | 99.7% |
| Other organizations performing similar types of work: | 2.1% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $152,259 | $75,960 | $115,171 |
| Contributions, gifts, grants, and similar amounts received | $151,036 | $75,705 | $114,877 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $310 | $500 | $224 |
| Gain/Loss from sale of assets other than inventory | $913 | $-245 | $70 |
| Gross amount from sale of assets other than inventory | $37,080 | $16,188 | $0 |
| Less: cost or other basis and sales expenses | $36,183 | $16,433 | $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 | $2,778 | $4,267 | $154,125 |
| Total net assets | $190,337 | $262,030 | $223,076 |
| Excess/Deficit for the year | $149,481 | $71,693 | $-38,954 |
| Net assets or fund balances at beginning of year | $40,856 | $190,337 | $262,030 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $262,030 | $223,076 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $190,337 | $262,030 | $223,076 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $190,337 | $262,030 | $223,076 |
| 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 a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $262,689 |
| Subtotal Support | $429,980 |
| Gifts, grants, contributions, and membership fees received | $429,980 |
| 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 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $167,291 |
| Total Support | $431,129 |
| Public Support | $429,980 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,149 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Seventh Regiment Armory Conservancy Inc | 643 Park Ave 2nd Floor, New York, NY 10065-6122 | NY | 2000-07 | $20,230,835 |
| 2 | Town Hall Association | 1119 8th Ave, Seattle, WA 98101-2738 | WA | 2000-06 | $3,724,169 |
| 3 | Tri-State Warbird Museum | 4021 Borman Dr, Batavia, OH 45103-1684 | OH | 2003-08 | $1,348,020 |
| 4 | Yl-37 Group Foundation Inc | 14157 E 580 Rd, Inola, OK 74036-5227 | OK | 2001-05 | $646,555 |
| 5 | Roxbury Bandshell Preservation Alliance | 1618 Sunshine Ave, Johnstown, PA 15905-1849 | PA | 2008-09 | $69,026 |
| 6 | Us Marshals Museum Inc | 14 N 3rd St Ste D, Fort Smith, AR 72901-1476 | AR | 2008-02 | $59,562 |
| 7 | Light Up The Queen Foundation | 500 N Market St, Wilmington, DE 19801-3005 | DE | 2010-03 | $1,617,445 |
| 8 | Windmar Foundation | PO BOX 263, Rockland, DE 19732-0263 | DE | 2014-03 | $727,046 |
| 9 | Ocean View Historical Society | Po Box 576, Ocean View, DE 19970 | DE | 2008-05 | $64,229 |
| 10 | Delaware Aviation Hall Of Fame Inc | Po Box 4303, Grenville, DE 19807 | DE | 2000-11 | $14,862 |
| 11 | New Friends Of The Fenwick Island Lighthouse | 37817 Crab Bay Lane, Selbyville, DE 19975 | DE | 2012-04 | $12,267 |
| 12 | Friends Of Historic Camden Inc | 107 Wolf Creek Blvd Ste 1, Dover, DE 19901-4970 | DE | 2009-07 | $7,732 |
| 13 | Claymont Historical Society | Po Box 184, Claymont, DE 19703 | DE | 2014-02 | $6,616 |
| 14 | Family & Friends Of Wesley | 35689 Airport Rd, Rehoboth Bch, DE 19971-4619 | DE | 2012-03 | $2,080 |
| 15 | Redding House Foundation Inc | 1214 N King St, Wilmington, DE 19801-3218 | DE | 2013-11 | $1,200 |
| 16 | 150 Madison Lane Preservation Fund | 1105 N Market St Ste 1700, Wilmington, DE 19801-1228 | DE | 2011-03 | $0 |
| 17 | 87th Infantry Division Legacy Association | 13 Vansant Rd, Newark, DE 19711 | DE | 2010-09 | $0 |
| 18 | Andrewville Historical Society | 3195 Andrewville Road, Greenwood, DE 19950 | DE | 1997-11 | $0 |
| 19 | Buttonwood Civic Association | 111 Buttonwood Ave, New Castle, DE 19720-3605 | DE | 2002-08 | $0 |
| 20 | Darley Art And Historic Society, The Darley Society None | Po Box 695, Claymont, DE 19703 | DE | 2013-05 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 10,505 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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