First R Foundation Inc in Gloucester, Massachusetts (MA)
Table of contents:
| First R Foundation Inc | |
| Employer Identification Number (EIN) | 263951059 |
| Name of Organization | First R Foundation Inc |
| In Care of Name | Pat Earle |
| Address | 74 Langsford St, Gloucester, MA 01930-1044 |
| Subsection | Charitable Organization |
| Ruling Date | 03/2009 |
| 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 | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $4,034 |
| Amount of Income | $5,634 |
| Form 990 Revenue Amount | $5,634 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Remedial Reading, Reading Encouragement |
Non-representatives - add comments:
Amount of income in 2014: $5,634 (it was $7,827 in 2013)
| First R Foundation Inc: | $5,634 |
| Other organizations performing similar types of work: | $60,013 |
Assets in 2014: $4,034 (it was $3,703 in 2013)
| This organization: | $4,034 |
| Other organizations performing similar types of work: | $24,444 |
Expenses in 2014: $5,303
| First R Foundation Inc: | $5,303 |
| Other organizations performing similar types of work: | $56,929 |
Income to expenses ratio in 2014: 1.1
| This organization: | 1.1 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2014: 99.9%
| First R Foundation Inc: | 99.9% |
| Other organizations performing similar types of work: | 98.2% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $4,739 | $7,827 | $5,634 |
| Contributions, gifts, grants, and similar amounts received | $4,730 | $7,817 | $5,629 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $9 | $0 | $0 |
| Investment income | $0 | $10 | $5 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $5,200 | $6,831 | $5,303 |
| Total net assets | $2,707 | $3,703 | $4,034 |
| Excess/Deficit for the year | $-461 | $996 | $331 |
| Net assets or fund balances at beginning of year | $3,168 | $2,707 | $3,703 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $3,703 | $4,034 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $2,707 | $3,703 | $4,034 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $2,707 | $3,703 | $4,034 |
| 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 | $85,197 |
| Subtotal | $85,197 |
| Gifts, grants, contributions, and membership fees received | $85,197 |
| 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 | $0 |
| 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 | $85,233 |
| Public support | $85,197 |
| Subtotal | $36 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $36 |
| 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 | Bay State Reading Institute | 114 Jennings Rd, Holliston, MA 01746-1336 | MA | 2006-12 | $2,587,663 |
| 2 | Literacy Volunteers Of Massachusetts Inc, Lv Of Massachusetts | 8 Faneuil Hall Market Pl Fl 3, Boston, MA 02109-6114 | MA | 2004-06 | $366,872 |
| 3 | Everybody Wins Metro Boston Inc | C/O Hollister Inc 75 State Street, Boston, MA 02109 | MA | 2003-01 | $343,989 |
| 4 | Max Warburg Courage Curriculum Inc | 263 Huntington Avenue Box 366, Boston, MA 02115-4506 | MA | 1995-03 | $294,652 |
| 5 | Bookmentors Inc | 123 Peter Spring Rd, Concord, MA 01742-1929 | MA | 2011-09 | $126,004 |
| 6 | 3-21 Foundation | 268 Western Avenue, Cambridge, MA 02139 | MA | 2010-09 | $91,502 |
| 7 | Western Massachusetts Learning Centers For Children Inc | 16 Waterford Dr, Belchertown, MA 01007-8908 | MA | 2015-04 | $38,675 |
| 8 | Sustainablearning Inc | 98 Raymond St, Cambridge, MA 02140-3620 | MA | 2011-10 | $4,750 |
| 9 | Babblingbrook Family Learning Center | 13 Everett St, East Boston, MA 02128-2103 | MA | 2002-10 | $1,774 |
| 10 | Boston Arts After School Organization Inc | 61 Page Rd, Newton, MA 02460-1534 | MA | 2010-07 | $0 |
| 11 | Friends Of The Dudley Literacy Center Inc | 1 Charles St S Unit 803, Boston, MA 02116-5454 | MA | 2009-10 | $0 |
| 12 | Kigali Reading Center Incorporated, Kigali Reading Center | 15 Mayhew Street Apt 2, Hopkinton, MA 01748-1112 | MA | 2014-12 | $0 |
| 13 | Learning Success Helpline Inc | 14 Francine Rd, Acton, MA 01720-3611 | MA | 2002-03 | $0 |
| 14 | Leominster Youth Robotics Inc | 24 Church Street Room 34, Leominster, MA 01453 | MA | 2009-10 | $0 |
| 15 | Literacy Place | Po Box 512, Bridgewater, MA 02324 | MA | 2003-10 | $0 |
| 16 | Nantucket Book Foundation Inc | PO BOX 3531, Nantucket, MA 02584-3531 | MA | 2014-08 | $0 |
| 17 | Real Program Inc | Gordon College 120 Munroe St, Lynn, MA 01901 | MA | 2014-08 | $0 |
| 18 | Scios Nova Inc | 47 Paul Gore St Fl 2, Jamaica Plain, MA 02130-1838 | MA | 2000-04 | $0 |
| 19 | Twenty-First Century Initiative Inc | 5 Seneca Road, Winchester, MA 01890 | MA | 1998-02 | $0 |
| 20 | When Children Save The Day Inc | 210 Elm Street, Northampton, MA 01060 | MA | 2006-01 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,535 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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