Friends Of Milford Museum Inc in Milford, Delaware (DE)

Friends Of Milford Museum Inc
Employer Identification Number (EIN)	222453957
Name of Organization	Friends Of Milford Museum Inc
Address	121 S Walnut St, Milford, DE 19963-1955
Activities	Museum, zoo, planetarium, etc., Described in section 170(b)1)(a)(vi) of the Code
Subsection	Charitable Organization
Ruling Date	08/1983
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	03/2014
Assets	$25,000 to $99,999
Income	$25,000 to $99,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$86,677
Amount of Income	$73,123
Form 990 Revenue Amount	$72,917

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Financial snapshot ($)

Revenue for 2014

Support schedule

	2011	2012	2013	2014
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$86,491	$46,827	$54,827	$72,917
Contributions, gifts, grants, and similar amounts received	$81,049	$37,762	$50,016	$67,703
Program service revenue including government fees and contracts	$0	$0	$0	$0
Membership dues and assessments	$1,650	$4,440	$2,700	$2,255
Investment income	$1,585	$3,490	$1,267	$1,086
Gain/Loss from sale of assets other than inventory	$0	$0	$75	$667
Gross amount from sale of assets other than inventory	$0	$0	$75	$667
Less: cost or other basis and sales expenses	$0	$0	$0	$0
Net income/loss from gaming and fundraising events	$2,018	$1,071	$769	$1,147
Gross income from gaming	$0	$0	$0	$0
Gross income from fundraising events	$3,320	$1,446	$1,398	$1,353
Less: direct expenses from gaming and fundraising events	$1,302	$375	$629	$206
Gross profit/loss from sales of inventory	$0	$0	$0	$0
Other revenue	$189	$64	$0	$59
Total expenses	$61,952	$49,187	$57,108	$51,720
Total net assets	$69,307	$66,948	$64,665	$85,861
Excess/Deficit for the year	$24,539	$-2,360	$-2,281	$21,197
Net assets or fund balances at beginning of year	$44,768	$69,308	$66,946	$64,664
Other changes in net assets or fund balances	$0	$0	$0	$0
Net assets or fund balances at end of year		$66,948	$64,665	$85,861

	2011	2012	2013	2014
Balance Sheets
Total assets	$69,879	$67,866	$65,708	$86,677
Total liabilities	$572	$918	$1,043	$816
Net assets or fund balances	$69,307	$66,948	$64,665	$85,861

	2011	2012	2013	2014
Other Information
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 2014)
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

	2010 - 2014 Total
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014)
Public Support	$300,855
Subtotal Support	$300,855
Gifts, grants, contributions, and membership fees received	$300,855
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	$0
Total Support	$319,037
Public Support	$300,855
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources	$6,386
Net income from unrelated business activities, whether or not the business is regularly carried on	$9,446
Other income. Do not include gain or loss from the sale of capital assets	$2,350
Gross receipts from related activities, etc.	$59

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