Palm Beach Eye Foundation Inc in Lake Worth, Florida (FL)
Table of contents:
| Palm Beach Eye Foundation Inc | |
| Employer Identification Number (EIN) | 651076165 |
| Name of Organization | Palm Beach Eye Foundation Inc |
| In Care of Name | Tom M Coffman |
| Address | 2889 10th Ave N Ste 306, Lake Worth, FL 33461-3045 |
| Subsection | Educational Organization |
| Ruling Date | 11/2004 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000 to $24,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $10,620 |
| Amount of Income | $14,400 |
| Form 990 Revenue Amount | $14,400 |
| National Taxonomy of Exempt Entities (NTEE) | Medical Research: Eye Research |
Non-representatives - add comments:
Amount of income in 2013: $14,400 (it was $0 in 2012)
| Palm Beach Eye Foundation Inc: | $14,400 |
| Other organizations performing similar types of work: | $105,374 |
Assets in 2013: $10,620 (it was $39,065 in 2012)
| This organization: | $10,620 |
| Other organizations performing similar types of work: | $100,080 |
Expenses in 2013: $22,850
| This organization: | $22,850 |
| Other organizations performing similar types of work: | $65,058 |
Income to expenses ratio in 2013: 0.6
| This organization: | 0.6 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 91.4% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $33,886 | $0 | $14,400 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $0 |
| Program service revenue including government fees and contracts | $33,886 | $0 | $14,400 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $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 | $0 | $15,382 | $22,850 |
| Total net assets | $22,751 | $7,369 | $-1,081 |
| Excess/Deficit for the year | $33,886 | $-15,382 | $-8,450 |
| Net assets or fund balances at beginning of year | $-11,135 | $22,751 | $7,369 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $7,369 | $-1,081 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $39,065 | $39,065 | $10,620 |
| Total liabilities | $16,314 | $31,696 | $11,701 |
| Net assets or fund balances | $22,751 | $7,369 | $-1,081 |
| 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: (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 | $38,386 |
| Subtotal | $38,386 |
| 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 | $38,386 |
| 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 | $38,386 |
| Public support | $38,386 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 | Vision Research Ropard Foundation | 39650 Orchard Hill Pl Ste 200, Novi, MI 48375-5391 | MI | 2006-06 | $1,138,053 |
| 2 | Tear Film And Ocular Surface Society Inc | 120 Fulton St Apt 2c, Boston, MA 02109-1447 | MA | 2003-04 | $833,557 |
| 3 | Reorganized Cleveland Eye-Bank Inc | 6700 Euclid Avenue, Cleveland, OH 44103-3956 | OH | 2014-07 | $786,042 |
| 4 | Lowy Medical Research Institute Inc | 3366 N Torrey Pines Ct Ste 300, La Jolla, CA 92037-1025 | CA | 2015-03 | $500,001 |
| 5 | Tarrant Eye Resources Inc | 1307 8th Ave Ste M2, Fort Worth, TX 76104-4137 | TX | 2007-05 | $407,682 |
| 6 | Pediatric Vision Research And Diagnostic Center | 321 South Henderson Street, Fort Worth, TX 76104 | TX | 2011-01 | $250,407 |
| 7 | Sarasota Retina Institute Research Foundation Inc | 3400 Bee Ridge Rd Ste 200, Sarasota, FL 34239-7243 | FL | 1996-02 | $212,501 |
| 8 | The Port St Lucie Downtown Lions Foundation Inc | PO BOX 9301, Port St Lucie, FL 34985-9301 | FL | 2014-11 | $19,207 |
| 9 | Palm Beach Eye Foundation Inc | 2889 10th Ave N Ste 306, Lake Worth, FL 33461-3045 | FL | 2004-11 | $14,400 |
| 10 | Retina Care Research Institute Of Florida Inc | 3399 Pga Blvd Ste 350, Palm Bch Gdns, FL 33410-2831 | FL | 2010-09 | $6,000 |
| 11 | Ocular Surface Research & Education Foundation Inc | 7000 Sw 97th Avenue, Miami, FL 33173-1494 | FL | 2000-08 | $5,508 |
| 12 | Hallandale Beach Eye Foundation Corp | 5641 Simms St, Hollywood, FL 33021-2736 | FL | 2010-03 | $1,700 |
| 13 | Advanced Retinal Therapeutics Institute, Magdalena Shuler Ttee | 5150 N Davis Hwy, Pensacola, FL 32503-2030 | FL | 2014-10 | $0 |
| 14 | Blindness Gone Foundation Inc | 2300 Nw Corporate Blvd Suite 141, Boca Raton, FL 33431 | FL | 2015-01 | $0 |
| 15 | Brain Communication Research Inc | 800 Ne 42 St, Pompano Beach, FL 33064 | FL | 1999-01 | $0 |
| 16 | Eye On Vision Foundation Corp | 14614 Josair Dr, Orlando, FL 32826 | FL | 2006-10 | $0 |
| 17 | Eye Research Foundation | 509 Se Riverside Dr Ste 302, Stuart, FL 34994-2579 | FL | 2009-07 | $0 |
| 18 | Visionary Alternatives Inc C/O Jane Tobal | 7725 Kenway Place East, Boca Raton, FL 33433 | FL | 1999-04 | $0 |
| 19 | Vitreoretinal And Macula Research Foundation Inc | 602 S Macdill Avenue, Tampa, FL 33609 | FL | 2006-04 | $0 |
| 20 | Weiss Eye Research Foundation Inc | 5800 Colonial Dr Ste 300, Margate, FL 33063-5674 | FL | 2001-01 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 95 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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