Owl Foundation Inc in Lexington, Kentucky (KY)
Table of contents:
Owl Foundation Inc | |
Employer Identification Number (EIN) | 383741135 |
Name of Organization | Owl Foundation Inc |
In Care of Name | Owl Inc |
Address | 650 Kennedy Rd, Lexington, KY 40511-1819 |
Subsection | Charitable Organization |
Ruling Date | 02/2007 |
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 | 12/2014 |
Assets | $25,000 to $99,999 |
Income | $10,000 to $24,999 |
Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
Asset Amount | $28,385 |
Amount of Income | $23,240 |
Form 990 Revenue Amount | $10,922 |
National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Public Foundations |
Non-representatives - add comments:
Amount of income in 2014: $23,240 (it was $15,821 in 2013)
Owl Foundation Inc: | $23,240 |
Other organizations performing similar types of work: | $71,328 |
Assets in 2014: $28,385 (it was $28,648 in 2013)
Owl Foundation Inc: | $28,385 |
Other organizations performing similar types of work: | $50,799 |
Expenses in 2013: $6,158
This organization: | $6,158 |
Other organizations performing similar types of work: | $47,311 |
Income to expenses ratio in 2013: 3.8
Owl Foundation Inc: | 3.8 |
Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 59.7%
Owl Foundation Inc: | 59.7% |
Other organizations performing similar types of work: | 7.7% |
Revenue for 2013
Support schedule
Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total revenue | $11,076 | $12,946 | $15,821 |
Contributions, gifts, grants, and similar amounts received | $14,868 | $3,871 | $9,445 |
Program service revenue including government fees and contracts | $0 | $0 | $0 |
Membership dues and assessments | $0 | $0 | $0 |
Investment income | $1 | $5 | $12 |
Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
Net income/loss from gaming and fundraising events | $-3,793 | $9,070 | $6,364 |
Gross income from gaming | $0 | $0 | $0 |
Gross income from fundraising events | $9,315 | $21,158 | $23,375 |
Less: direct expenses from gaming and fundraising events | $13,108 | $12,088 | $17,011 |
Gross profit/loss from sales of inventory | $0 | $0 | $0 |
Other revenue | $0 | $0 | $0 |
Total expenses | $19,536 | $6,176 | $6,158 |
Total net assets | $12,215 | $18,985 | $28,648 |
Excess/Deficit for the year | $-8,460 | $6,770 | $9,663 |
Net assets or fund balances at beginning of year | $20,675 | $12,215 | $18,985 |
Other changes in net assets or fund balances | $0 | $0 | $0 |
Net assets or fund balances at end of year | $18,985 | $28,648 |
Balance Sheets | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total assets | $12,215 | $18,985 | $28,648 |
Total liabilities | $0 | $0 | $0 |
Net assets or fund balances | $12,215 | $18,985 | $28,648 |
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 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 | $67,066 |
Subtotal Support | $67,066 |
Gifts, grants, contributions, and membership fees received | $67,066 |
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 | $68,888 |
Public Support | $67,066 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,822 |
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 | Roswell Park Alliance Foundation | Elm And Carlton St, Buffalo, NY 14263-0001 | NY | 1996-08 | $28,110,672 |
2 | Science Foundation Arizona | 400 E Van Buren St Ste 220, Phoenix, AZ 85004-2223 | AZ | 2006-11 | $7,919,015 |
3 | St Andrews Charitable Foundation | 6633 Delmar Blvd, St Louis, MO 63130-4505 | MO | 2008-01 | $1,344,641 |
4 | Tma Support Corporation | 2427 M L K Jr Ave Se, Washington, DC 20020-5815 | DC | 2006-10 | $709,645 |
5 | Rotary Club Of Coralsprings-Parkland Foundation Inc | 11873 Nw 2nd Ct, Coral Springs, FL 33071-8017 | FL | 2007-03 | $57,467 |
6 | Southern Kentucky Performing Arts Foundation Inc | PO BOX 748, Bowling Green, KY 42102 | KY | 2010-08 | $3,976,931 |
7 | Sar Foundation Inc | 809 W Main St, Louisville, KY 40202-2619 | KY | 2003-01 | $2,457,283 |
8 | Calipari Foundation Inc | 230 Lexington Green Circle, Lexington, KY 40503-9002 | KY | 2012-09 | $1,209,370 |
9 | The Lexington Cancer Foundation Inc | 838 E High St Ste 262, Lexington, KY 40502-2107 | KY | 2004-10 | $956,217 |
10 | United Society For Family And Children Llc | PO BOX 368, Shelbyville, KY 40066-0368 | KY | 2001-04 | $349,958 |
11 | Thumbs Up For Lane Goodwin Childhood Cancer Foundation Inc | PO BOX 105, Beech Grove, KY 42322-0105 | KY | 2013-01 | $153,467 |
12 | Hometown Veterans Inc | 8720 State Route 973, Dunmor, KY 42339-3776 | KY | 2011-12 | $144,527 |
13 | Distilled Spirits Foundation Inc | PO BOX 226, Bardstown, KY 40004-0226 | KY | 2014-01 | $138,311 |
14 | Journey The Ed Colina Foundation Inc | 6891 Glen Arbor Dr, Florence, KY 41042 | KY | 2010-04 | $94,073 |
15 | Jordan Light Foundation Inc | PO BOX 664, Martin, KY 41649-0664 | KY | 2010-09 | $79,505 |
16 | Shelby County Parks And Recreation Foundation Inc | 717 Burks Branch Road, Shelbyville, KY 40065 | KY | 2011-11 | $71,862 |
17 | Briarwood Pto Inc | 265 Lovers Ln, Bowling Green, KY 42103-7976 | KY | 2009-12 | $70,328 |
18 | Scott County Womans Club Inc | 695 Sims Pike, Georgetown, KY 40324-9518 | KY | 2004-07 | $50,735 |
19 | Kentucky Youth And Childrens Foundation Incorporated | PO BOX 1149, Somerset, KY 42502-1149 | KY | 2014-03 | $49,692 |
20 | Lipari Foundation | 300 Liperote Way, London, KY 40741-2510 | KY | 2014-06 | $43,764 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 13,855 |
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