Backers Of Lexington Debate Inc in Lexington, Massachusetts (MA)
Table of contents:
| Backers Of Lexington Debate Inc | |
| Employer Identification Number (EIN) | 810672536 |
| Name of Organization | Backers Of Lexington Debate Inc |
| Address | 251 Waltham St, Lexington, MA 02421-4903 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 10/2005 |
| 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 | 06/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $61,251 |
| Amount of Income | $67,646 |
| Form 990 Revenue Amount | $65,568 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2014: $67,646 (it was $86,407 in 2013)
| This organization: | $67,646 |
| Other organizations performing similar types of work: | $69,198 |
Assets in 2014: $61,251 (it was $41,982 in 2013)
| Backers Of Lexington Debate Inc: | $61,251 |
| Other organizations performing similar types of work: | $35,127 |
Expenses in 2014: $46,301
| This organization: | $46,301 |
| Other organizations performing similar types of work: | $43,494 |
Income to expenses ratio in 2014: 1.5
| This organization: | 1.5 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2014: 85.8%
| Backers Of Lexington Debate Inc: | 85.8% |
| Other organizations performing similar types of work: | 4.5% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $89,605 | $83,954 | $65,568 |
| Contributions, gifts, grants, and similar amounts received | $70,175 | $72,570 | $56,229 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $53 | $34 | $21 |
| Gain/Loss from sale of assets other than inventory | $9,529 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $8,756 | $10,278 | $8,636 |
| Gross income from gaming | $10,749 | $12,731 | $10,715 |
| Gross income from fundraising events | $0 | $0 | $0 |
| Less: direct expenses from gaming and fundraising events | $1,993 | $2,453 | $2,078 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $1,092 | $1,072 | $680 |
| Total expenses | $96,747 | $83,944 | $46,301 |
| Total net assets | $41,972 | $41,982 | $61,251 |
| Excess/Deficit for the year | $-7,142 | $10 | $19,267 |
| Net assets or fund balances at beginning of year | $49,114 | $41,972 | $41,982 |
| Other changes in net assets or fund balances | $0 | $0 | $2 |
| Net assets or fund balances at end of year | $41,982 | $61,251 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $41,972 | $41,982 | $61,251 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $41,972 | $41,982 | $61,251 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| 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 2014) | |
| 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 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $382,269 |
| Subtotal | $382,269 |
| Gifts, grants, contributions, and membership fees received | $321,815 |
| 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 | $60,454 |
| 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 | $382,465 |
| Public support | $382,269 |
| Subtotal | $196 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $196 |
| 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 | 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 | Wcs - 333 South Street Inc | 333 South St Ste 290, Shrewsbury, MA 01545-7807 | MA | 2011-09 | $11,160,065 |
| 4 | Wcs - 222 Maple Avenue Inc | 333 South St Ste 290, Shrewsbury, MA 01545-7807 | MA | 2011-09 | $2,089,492 |
| 5 | Wcs - 365 -373 Plantation Street Inc | 333 South St Ste 290, Shrewsbury, MA 01545-7807 | MA | 2011-09 | $1,273,818 |
| 6 | William Sturgis Friends Of Education Foundation Inc | 427 Main St, Hyannis, MA 02601-3905 | MA | 2005-10 | $1,203,933 |
| 7 | Phoenix Charter Academy Foundation | 59 Nichols St, Chelsea, MA 02150-1225 | MA | 2009-01 | $1,032,268 |
| 8 | Wcs - 100 Century Drive Inc | 333 South St Ste 290, Shrewsbury, MA 01545-7807 | MA | 2011-09 | $971,830 |
| 9 | Harvard Global Research And Support Services Inc | 14 Story St Ste 3, Cambridge, MA 02138-4955 | MA | 2013-03 | $621,924 |
| 10 | The Sidwell Friends School Support Trust | One International Pl, Boston, MA 02110-2602 | MA | 2001-08 | $529,164 |
| 11 | Framingham Public Library Foundation | 49 Lexington Street, Framingham, MA 01702 | MA | 2010-10 | $408,553 |
| 12 | Friends Of Baldwin Early Learning Center Inc | 121 Corey Rd, Brighton, MA 02135-8245 | MA | 2009-01 | $380,539 |
| 13 | Eliot School Parent Council | 16 Charter St, Boston, MA 02113-1301 | MA | 2010-04 | $296,976 |
| 14 | Alma Del Mar Foundation Inc | 26 Madeira Ave, New Bedford, MA 02746-2345 | MA | 2012-11 | $251,621 |
| 15 | Warren-Prescott Foundation Inc | 50 School St, Charlestown, MA 02129-2409 | MA | 2006-07 | $176,123 |
| 16 | Wcs - 11 Midstate Drive Inc | 333 South St Ste 290, Shrewsbury, MA 01545-7807 | MA | 2011-09 | $158,218 |
| 17 | Friends Of Milton Crew Inc | PO BOX 221, Milton, MA 02186-0001 | MA | 2011-11 | $156,595 |
| 18 | Zervas School Parent-Teacher Organization | 30 Beethoven Ave, Waban, MA 02468-1729 | MA | 2002-05 | $147,112 |
| 19 | Parents For Music Excellence Inc | 17 Conant St Unit 2145, Danvers, MA 01923-7031 | MA | 2013-03 | $143,311 |
| 20 | Wcs - 3 Centennial Drive Inc | 333 South St Ste 290, Shrewsbury, MA 01545-7807 | MA | 2011-09 | $139,407 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 10,796 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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