Mvp Foundation in Florence, Kentucky (KY)
Table of contents:
| Mvp Foundation | |
| Employer Identification Number (EIN) | 270346460 |
| Name of Organization | Mvp Foundation |
| In Care of Name | Brandon T Webb |
| Address | 59 Cavalier Blvd Ste 310, Florence, KY 41042-3902 |
| Subsection | Charitable Organization |
| Ruling Date | 02/2010 |
| 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 | $56,821 |
| Amount of Income | $58,117 |
| Form 990 Revenue Amount | $40,454 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2013: $58,117 (it was $283,715 in 2012)
| This organization: | $58,117 |
| Other organizations performing similar types of work: | $284,654 |
Assets in 2013: $56,821 (it was $68,283 in 2012)
| This organization: | $56,821 |
| Other organizations performing similar types of work: | $306,802 |
Expenses in 2013: $52,115
| Mvp Foundation: | $52,115 |
| Other organizations performing similar types of work: | $103,639 |
Income to expenses ratio in 2013: 1.1
| This organization: | 1.1 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 137.4%
| Mvp Foundation: | 137.4% |
| Other organizations performing similar types of work: | 0.0% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $40,454 | ||
| Contributions, gifts, grants, and similar amounts received | $55,567 | ||
| 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 | $-32,521 | $-15,113 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $2,550 | ||
| Less: direct expenses from gaming and fundraising events | $17,663 | ||
| Gross profit/loss from sales of inventory | $0 | ||
| Other revenue | $0 | ||
| Total expenses | $52,115 | ||
| Total net assets | $56,821 | ||
| Excess/Deficit for the year | $-11,661 | ||
| Net assets or fund balances at beginning of year | $68,482 | ||
| Other changes in net assets or fund balances | $0 | ||
| Net assets or fund balances at end of year | $56,821 | ||
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $59,826 | $68,283 | $56,821 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $56,821 | ||
| Other Information | |||
| 2011 | 2012 | 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 | 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 | 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 | $772,146 |
| Subtotal | $772,146 |
| Gifts, grants, contributions, and membership fees received | $295,768 |
| 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 | $476,378 |
| 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 | $772,146 |
| Public support | $772,146 |
| 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 | Russian Leadership Ministries | PO BOX 226, Wheaton, IL 60187-0226 | IL | 2004-04 | $972,981 |
| 2 | Benevolent Nfp, Benevolent | 820 Davis St Ste 409, Evanston, IL 60201-4461 | IL | 2015-01 | $925,367 |
| 3 | Rock Cf Foundation | 2995 Bridge St, Trenton, MI 48183 | MI | 2007-08 | $284,654 |
| 4 | Valley Anesthesiology Foundation | 1850 N Central Ave Ste 1600, Phoenix, AZ 85004-4633 | AZ | 2007-02 | $250,417 |
| 5 | Shamshoian Fam Foundation Tr 09082004, Shamshoian John M Et Al Ttee | 740 W Alluvial Ste 102, Fresno, CA 93711 | CA | 2005-11 | $98,151 |
| 6 | Trinity Charitable Tr, Lynch Barbara B & Donald R Ttees | 1230 E Courtland Pl, Milwaukee, WI 53211-1163 | WI | 1999-01 | $66,858 |
| 7 | Mvp Foundation | 59 Cavalier Blvd Ste 310, Florence, KY 41042-3902 | KY | 2010-02 | $58,117 |
| 8 | Washington Wines Festival | 7900 Se 28th St Ste 200, Mercer Island, WA 98040-2970 | WA | 2006-10 | $41,350 |
| 9 | Friends Of Midway State Park | PO BOX E, Maple Springs, NY 14756-0171 | NY | 2011-10 | $32,584 |
| 10 | Charitable Expressions Inc | 129 Lorena Ln, Mountain Brk, AL 35213-2527 | AL | 2007-03 | $23 |
| 11 | Friends Of Monona Terrace Community And Convention Center Inc | 25 Elver Court, Madison, WI 53719 | WI | 2000-01 | $0 |
| 12 | Ice Scholarship Fund Inc | 123 Johnson Street, Grantsville, WV 26147 | WV | 2000-01 | $0 |
| 13 | Julias Roses Foundation | 906 Pinewood Ln, Atco, NJ 08004-1328 | NJ | 2006-12 | $0 |
| 14 | Multi Classic Car Club | 949 W 87th St, Chicago, IL 60620-3232 | IL | 2000-10 | $0 |
| 15 | Red Ball Events Inc | 2801 Nw 7th Ave, Ft Lauderdale, FL 33311-2426 | FL | 2004-05 | $0 |
| 16 | Safe Harbor Foundation | PO BOX 41, Aberdeen, SD 57402-0041 | SD | 2000-02 | $0 |
| 17 | St Louis Torah Federation | 150 N Meramec Ste 340, St Louis, MO 63105-3779 | MO | 1999-11 | $0 |
| 18 | Texas Volunteer Fire Fighters Relief Fund Inc | Pobox 214, Cypress, TX 77429 | TX | 2003-07 | $0 |
| 19 | Travers Festival Inc | PO BOX 90, Jamaica, NY 11417-0090 | NY | 2002-08 | $0 |
| 20 | Treefrog Mail Incorporated, Treefrogmail Treefrogmailorg | 2650 Lakeshore Drive 1001, Riviera Beach, FL 33404 | FL | 2008-11 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 49 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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