Clipper Petroleum Foundation Inc in Flowery Br, Georgia (GA)
Table of contents:
| Clipper Petroleum Foundation Inc | |
| Employer Identification Number (EIN) | 461784703 |
| Name of Organization | Clipper Petroleum Foundation Inc |
| In Care of Name | Thomas L Bower Iii |
| Address | 5317 T L Bower Way, Flowery Br, GA 30542-2898 |
| Subsection | Charitable Organization |
| Ruling Date | 04/2013 |
| 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 | $10,000 to $24,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $18,255 |
| Amount of Income | $106,209 |
| Form 990 Revenue Amount | $69,945 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2013: $106,209
| Clipper Petroleum Foundation Inc: | $106,209 |
| Other organizations performing similar types of work: | $68,292 |
Assets in 2013: $18,255
| This organization: | $18,255 |
| Other organizations performing similar types of work: | $56,708 |
Expenses in 2013: $51,690
| Clipper Petroleum Foundation Inc: | $51,690 |
| Other organizations performing similar types of work: | $47,239 |
Income to expenses ratio in 2013: 2.1
| Clipper Petroleum Foundation Inc: | 2.1 |
| Other organizations performing similar types of work: | 1.8 |
Grants share in income in 2013: 115.1%
| This organization: | 115.1% |
| Other organizations performing similar types of work: | 0.5% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |
| 2013 | |
|---|---|
| Total revenue | $69,945 |
| Contributions, gifts, grants, and similar amounts received | $80,474 |
| 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 | $-10,529 |
| Gross income from gaming | $0 |
| Gross income from fundraising events | $25,735 |
| Less: direct expenses from gaming and fundraising events | $36,264 |
| Gross profit/loss from sales of inventory | $0 |
| Other revenue | $0 |
| Total expenses | $51,690 |
| Total net assets | $18,255 |
| Excess/Deficit for the year | $18,255 |
| 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 | $18,255 |
| Balance Sheets | |
| 2013 | |
|---|---|
| Total assets | $18,255 |
| Total liabilities | $0 |
| Net assets or fund balances | $18,255 |
| 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 | $72,995 |
| Subtotal Support | $80,474 |
| Gifts, grants, contributions, and membership fees received | $80,474 |
| 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 | $7,479 |
| Total Support | $80,474 |
| Public Support | $80,474 |
| 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. | $25,735 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The University Of Arkansas Fort Smith Foundation Inc | PO BOX 3649, Fort Smith, AR 72913-3649 | AR | 1975-01 | $25,316,256 |
| 2 | Rsf Social Investment Fund Inc | 1002 Oreilly Ave, San Francisco, CA 94129-5257 | CA | 2000-12 | $4,721,971 |
| 3 | The Elizabeth Bowers Zambia Education Fund | Po Box 294, Salem, OR 97308-0294 | OR | 2007-03 | $49,547 |
| 4 | Georgia Student Scholarship Organization Sso Inc | PO BOX 1752, Cumming, GA 30028-1752 | GA | 2008-11 | $5,378,148 |
| 5 | Southern Polytechnic State University Foundation Inc | 1100 South Marietta Parkway, Marietta, GA 30060-2896 | GA | 1976-12 | $1,834,861 |
| 6 | The Vick Foundation | 2625 Cumberland Pkwy Se Ste 400, Atlanta, GA 30339-3911 | GA | 2006-12 | $177,200 |
| 7 | Mustang Fund Inc | 3995 Ashford Dunwoody Road, Atlanta, GA 30319 | GA | 2012-02 | $153,773 |
| 8 | Heards Ferry Education Foundation Inc | 1050 Heards Ferry Rd Nw, Sandy Springs, GA 30328-4730 | GA | 2010-04 | $153,314 |
| 9 | Clipper Petroleum Foundation Inc | 5317 T L Bower Way, Flowery Br, GA 30542-2898 | GA | 2013-04 | $106,209 |
| 10 | Henry Mcneal Turner High School National Alumni Association | 771 Duffield Dr Nw, Atlanta, GA 30318-7228 | GA | 2013-02 | $87,402 |
| 11 | River Ridge Elementary Pto Inc | 4109 Mullikin Rd, Evans, GA 30809-4805 | GA | 2010-12 | $80,294 |
| 12 | Ware County Touchdown Club Inc | PO BOX 1776, Waycross, GA 31502-1776 | GA | 2014-12 | $51,632 |
| 13 | Sso America Inc | PO BOX 1051, Carrollton, GA 30112-0019 | GA | 2009-07 | $16,478 |
| 14 | Chambers Public Education Foundation | 901 3rd Ave, West Point, GA 31833-1213 | GA | 2012-10 | $15,000 |
| 15 | Educate Haiti Now | Po Box 724222, Atlanta, GA 31139 | GA | 2010-10 | $12,317 |
| 16 | Northwestern Middle School Foundation, Nms Foundation | 615 Glen National Dr, Milton, GA 30004-7529 | GA | 2009-05 | $10,759 |
| 17 | Saint Simons Island Public Library Support Fund Inc | PO BOX 21253, St Simons Island, GA 31522 | GA | 2013-01 | $5,718 |
| 18 | Sandtown Foundation Inc | PO BOX 43484, Atlanta, GA 30336-0484 | GA | 2006-01 | $5,281 |
| 19 | Firm Reliance Incorporated | 16 Wexford Cir Nw, Cartersville, GA 30121-4760 | GA | 2014-07 | $2,702 |
| 20 | Scitrek | 500 Mack Drive, Valdosta, GA 31602 | GA | 2014-07 | $1,789 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,586 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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