Magdalene College Foundation in Wilmington, Delaware (DE)
Table of contents:
| Magdalene College Foundation | |
| Employer Identification Number (EIN) | 461874309 |
| Name of Organization | Magdalene College Foundation |
| In Care of Name | Chapel & York |
| Address | 1000 N West St Ste 1200, Wilmington, DE 19801-1058 |
| Subsection | Educational Organization |
| Ruling Date | 05/2013 |
| 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 | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $64,398 |
| Amount of Income | $64,428 |
| Form 990 Revenue Amount | $64,428 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2013: $64,428
| Magdalene College Foundation: | $64,428 |
| Other organizations performing similar types of work: | $69,198 |
Assets in 2013: $64,398
| Magdalene College Foundation: | $64,398 |
| Other organizations performing similar types of work: | $35,127 |
Expenses in 2013: $30
| Magdalene College Foundation: | $30 |
| Other organizations performing similar types of work: | $43,494 |
Income to expenses ratio in 2013: 2,147.6
| Magdalene College Foundation: | 2,147.6 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 4.5% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |
| 2013 | |
|---|---|
| Total revenue | $64,428 |
| Contributions, gifts, grants, and similar amounts received | $64,428 |
| Program service revenue including government fees and contracts | $0 |
| Membership dues and assessments | $0 |
| Investment income | $0 |
| Gain/Loss from sale of assets other than inventory | $0 |
| Net income/loss from gaming and fundraising events | $0 |
| Gross profit/loss from sales of inventory | $0 |
| Other revenue | $0 |
| Total expenses | $30 |
| Total net assets | $64,398 |
| Excess/Deficit for the year | $64,398 |
| Net assets or fund balances at beginning of year | $0 |
| Other changes in net assets or fund balances | $0 |
| Net assets or fund balances at end of year | $64,398 |
| Balance Sheets | |
| 2013 | |
|---|---|
| Total assets | $64,398 |
| Total liabilities | $0 |
| Net assets or fund balances | $64,398 |
| Other Information | |
| 2013 | |
|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No |
| Were any significant changes made to the organizing or governing documents? | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
| Has the organization filed a Form 990-T for the year? | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No |
| Amount of political expenditures, direct or indirect | $0 |
| Did the organization file Form 1120-POL for this year? | 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 |
| Total amount involved | $0 |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $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 |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | 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 | $15,018 |
| Subtotal Support | $64,428 |
| Gifts, grants, contributions, and membership fees received | $64,428 |
| 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 | $49,410 |
| Total Support | $64,428 |
| Public Support | $64,428 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 | Ravenwood High School Quarterback Club | 1724 Wilson Pike, Brentwood, TN 37027-8105 | TN | 2007-02 | $99,991 |
| 2 | Slocomb Band Boosters Inc | PO BOX 376, Slocomb, AL 36375-0376 | AL | 2006-12 | $54,892 |
| 3 | Sussex Preparatory Academy Foundation | P O Box 693, Lewes, DE 19958 | DE | 2012-06 | $2,140,852 |
| 4 | The American Friends Of Winchester College | 1000 N West St Ste 1200, Wilmington, DE 19801-1058 | DE | 2000-08 | $486,539 |
| 5 | University Of Bristol Foundation Inc | 1000 N West St Ste 1200, Wilmington, DE 19801-1058 | DE | 2014-08 | $169,011 |
| 6 | Anton E B Schefer Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2011-06 | $165,053 |
| 7 | Indian River High School Band Boosters | 29772 Armory Rd, Dagsboro, DE 19939-4354 | DE | 2010-08 | $130,410 |
| 8 | Dover Library Foundation Committee Inc | Po Box 475, Dover, DE 19904 | DE | 2009-07 | $86,778 |
| 9 | Magdalene College Foundation | 1000 N West St Ste 1200, Wilmington, DE 19801-1058 | DE | 2013-05 | $64,428 |
| 10 | University Of York In America Inc | 1000 N West St 1200, Wilmington, DE 19801 | DE | 2004-05 | $53,107 |
| 11 | Appoquinimink Music Booster Association Inc | 140 Westside Ln, Middletown, DE 19709-8030 | DE | 2009-10 | $42,959 |
| 12 | Blue Hen Touchdown Club Inc | PO BOX 4645, Newark, DE 19715-4645 | DE | 2014-08 | $38,260 |
| 13 | Ravens Music Boosters Inc | PO BOX 351, Georgetown, DE 19947-0351 | DE | 2011-04 | $14,895 |
| 14 | Sussex Central Football Boosters | 26026 Patriots Way, Georgetown, DE 19947-2584 | DE | 2005-09 | $7,252 |
| 15 | A I Tiger Athletic Boosters Inc | 50 Hillside Road, Greenville, DE 19807 | DE | 2014-10 | $0 |
| 16 | Arms Of Love Inc | 29958 Pine Run Circle, Millsboro, DE 19966 | DE | 2003-11 | $0 |
| 17 | Cape Henolopen Hockey Boosters | 30867 Molly B Road, Lewes, DE 19958 | DE | 2014-03 | $0 |
| 18 | Delaware Military Academy Music Association | 112 Middleboro Rd, Wilmington, DE 19804-1621 | DE | 2015-01 | $0 |
| 19 | Friends Of Garfield Park Lending Library | 68 Karlyn Drive, New Castle, DE 19720 | DE | 2013-11 | $0 |
| 20 | Friends Of Middletown Robotics Organization | 364 East Main Street, Middletown, DE 19709 | DE | 2009-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 10,796 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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