Daily Source Limited in Watertown, Massachusetts (MA)

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Daily Source Limited
Employer Identification Number (EIN)830374559
Name of OrganizationDaily Source Limited
Address15 Main St Ste 208, Watertown, MA 02472-4403
SubsectionEducational Organization
Ruling Date06/2004
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2012
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$51,814
Amount of Income$127,899
Form 990 Revenue Amount$126,728
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Media, Communications Organizations


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Amount of income in 2012: $127,899 (it was $134,993 in 2011)
Daily Source Limited: 

 $127,899
Other organizations performing similar types of work: 

 $100,655

Assets in 2012: $51,814 (it was $32,909 in 2011)
Daily Source Limited: 

 $51,814
Other organizations performing similar types of work: 

 $42,929

Expenses in 2012: $126,025
This organization: 

 $126,025
Other organizations performing similar types of work: 

 $105,350

Income to expenses ratio in 2012: 1.0
This organization: 

 1.0
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2012: 99.4%
This organization: 

 99.4%
Other organizations performing similar types of work: 

 48.8%

Financial snapshot ($)

Revenue for 2012

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$126,728
Contributions, gifts, grants, and similar amounts received$125,999
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$0
Gain from sale of assets other than inventory$729
Gross amount from sale of assets other than inventory$1,900
Less: cost or other basis and sales expenses$1,171
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$126,025
Total net assets$6,439
Excess for the year$703
Net assets or fund balances at beginning of year$5,736
Other changes in net assets or fund balances$0
Balance Sheets (for 2012)
Total assets$51,814
Total liabilities$45,375
Net assets or fund balances$6,439
Other Information (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2012)
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)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012)
2008 - 2012 Total
Total Support$676,844
Gifts, grants, contributions, and membership fees received$676,844
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Weymouth Educational Telecommunicators Corporation Inc775 Pleasant St Ste 5, East Weymouth, MA 02189-2355MA1997-03$1,255,914
2Stoughton Media Access Corp421 Page St Ste 2, Stoughton, MA 02072-1107MA2010-05$401,550
3Lakeville Community Access Media Inc, Lakecam4 Precinct St, Lakeville, MA 02347-1453MA2013-03$217,207
4Southborough Access Media Inc42 Central St, Fayville, MA 01745-1033MA2014-05$200,347
5The Fund For Independent Media Inc1 Broadway Ste 3, Cambridge, MA 02142-1190MA2005-12$108,352
6Technology Exchange Lab Inc2554 Old Kings Highway, Wellfleet, MA 02667MA2010-05$98,702
7The Reynolds Center For Teaching Learning And Creativity Inc308 Congress St Fl 6, Boston, MA 02210-1015MA2011-09$90,305
8Massachusetts Community Media Inc23 Needham St, Newton, MA 02461-1615MA2013-10$31,135
9Tempest Productions Inc167 Babcock Street, Brookline, MA 02446MA2001-03$11,827
10Progressive Communicators Network Inc21 Wilbraham St Unit C3, Palmer, MA 01069-9685MA2009-06$10,040
11Aspect Arts Inc46 Waltham St Suite 203, Boston, MA 02118MA2009-05$7,427
12Www Intermission Org Inc25 Raymond St, Manchester, MA 01944-1614MA2008-09$5,000
13Creative Arts For Youth Foundation Inc535 Eliot St, Milton, MA 02186-1637MA2004-12$0
14Dia-Logos Institute For Generative Learning And Collaborative Social43 Thorndike Street Suite 205, Cambridge, MA 02141MA1994-03$0
15Futureboston Inc35 Fresh Pond Ln, Cambridge, MA 02138-4601MA2001-03$0
16Media Diversity Institute Usa37 Walnut St, Gloucester, MA 01930MA2015-01$0
17Newburyport Film Society Inc138 High St Apt 2, Newburyport, MA 01950MA2007-05$0
18Newspro635 Tremont St, Boston, MA 02118MA2014-08$0
19Northampton International Film Festival IncPO BOX 1307, Northampton, MA 01061-1307MA2013-10$0
20Pembroke Community Media Center Incorporated481 Washington Street, Pembroke, MA 02359MA2012-09$0
Number of organizations performing similar types of work
Alaska2
Alabama2
Arkansas2
Arizona6
California111
Colorado17
Connecticut4
District of Columbia18
Florida33
Georgia13
Hawaii9
Iowa6
Idaho4
Illinois25
Indiana5
Kansas2
Kentucky5
Louisiana4
Massachusetts31
Maryland14
Maine1
Michigan14
Minnesota15
Missouri8
Mississippi3
Montana4
North Carolina12
Nebraska1
New Hampshire6
New Jersey15
New Mexico9
Nevada5
New York64
Ohio13
Oklahoma5
Oregon7
Pennsylvania16
Rhode Island1
South Carolina2
South Dakota4
Tennessee6
Texas32
Utah7
Virginia19
Vermont4
Washington18
Wisconsin3
West Virginia1
Wyoming1
International1
Total610

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