Foundation For Salem Public Education Inc in Salem, Massachusetts (MA)
Table of contents:
| Foundation For Salem Public Education Inc | |
| Employer Identification Number (EIN) | 043276653 |
| Name of Organization | Foundation For Salem Public Education Inc |
| In Care of Name | Elizabeth Lahikainen |
| Address | PO BOX 8184, Salem, MA 01971-8184 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 03/1996 |
| 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 | 06/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $323,597 |
| Amount of Income | $100,077 |
| Form 990 Revenue Amount | $63,469 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2013: $100,077 (it was $185,879 in 2012)
| This organization: | $100,077 |
| Other organizations performing similar types of work: | $68,292 |
Assets in 2013: $323,597 (it was $339,520 in 2012)
| Foundation For Salem Public Education Inc: | $323,597 |
| Other organizations performing similar types of work: | $56,708 |
Expenses in 2013: $77,045
| This organization: | $77,045 |
| Other organizations performing similar types of work: | $47,239 |
Income to expenses ratio in 2013: 1.3
| Foundation For Salem Public Education Inc: | 1.3 |
| Other organizations performing similar types of work: | 1.8 |
Grants share in income in 2013: 54.6%
| This organization: | 54.6% |
| Other organizations performing similar types of work: | 0.5% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $76,685 | $63,469 | |
| Contributions, gifts, grants, and similar amounts received | $53,812 | $34,638 | |
| Program service revenue including government fees and contracts | $0 | $0 | |
| Membership dues and assessments | $0 | $0 | |
| Investment income | $4,303 | $5,922 | |
| Gain/Loss from sale of assets other than inventory | $8,815 | $4,381 | |
| Gross amount from sale of assets other than inventory | $69,194 | $17,493 | |
| Less: cost or other basis and sales expenses | $60,379 | $13,112 | |
| Net income/loss from gaming and fundraising events | $-11,292 | $4,440 | $18,529 |
| Gross income from gaming | $33,449 | $33,200 | $8,400 |
| Gross income from fundraising events | $20,055 | $33,624 | |
| Less: direct expenses from gaming and fundraising events | $48,815 | $23,496 | |
| Gross profit/loss from sales of inventory | $90 | $0 | |
| Other revenue | $5,225 | $0 | |
| Total expenses | $44,806 | $77,045 | |
| Total net assets | $339,520 | $323,597 | |
| Excess/Deficit for the year | $31,879 | $-13,576 | |
| Net assets or fund balances at beginning of year | $322,262 | $339,520 | |
| Other changes in net assets or fund balances | $-14,621 | $-2,347 | |
| Net assets or fund balances at end of year | $339,520 | $323,597 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $323,523 | $339,520 | $323,597 |
| Total liabilities | $1,261 | $0 | $0 |
| Net assets or fund balances | $339,520 | $323,597 | |
| 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 | |
| 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 | |
| Gross receipts for public use of club facilities | $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 | $374,205 |
| 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 | $238,631 |
| Subtotal Support | $374,205 |
| Gifts, grants, contributions, and membership fees received | $374,205 |
| 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 | $135,574 |
| Total Support | $395,634 |
| Public Support | $374,205 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $21,429 |
| 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 | The University Of Arkansas Fort Smith Foundation Inc | PO BOX 3649, Fort Smith, AR 72913-3649 | AR | 1975-01 | $25,316,256 |
| 2 | Rsf Social Investment Fund Inc | 1002 Oreilly Ave, San Francisco, CA 94129-5257 | CA | 2000-12 | $4,721,971 |
| 3 | The Elizabeth Bowers Zambia Education Fund | Po Box 294, Salem, OR 97308-0294 | OR | 2007-03 | $49,547 |
| 4 | The Match Foundation Inc | 1001 Commonwealth Ave, Boston, MA 02215-1308 | MA | 2000-06 | $9,560,521 |
| 5 | Charter School Financing Partnership Llc | 1 Washington Mall Fl 12, Boston, MA 02108-2603 | MA | 2011-10 | $3,465,850 |
| 6 | Sacajawea Charitable Foundation, Wrean William H Ttee | 148 Linden St Ste 204, Wellesley, MA 02482-7916 | MA | 1999-12 | $3,398,849 |
| 7 | Wcs - 381 Plantation Street Inc | 333 South St Ste 290, Shrewsbury, MA 01545-7807 | MA | 2014-08 | $3,191,730 |
| 8 | University Of Massachusetts Amherst Foundation Inc | 134 Hicks Way, Amherst, MA 01003-9270 | MA | 2003-06 | $2,404,633 |
| 9 | The Sizer Foundation Inc | 49 Antietam St, Devens, MA 01434-5230 | MA | 2004-07 | $415,160 |
| 10 | Teens For Technology Inc | 224 Marlborough St Apt 12, Boston, MA 02116-1783 | MA | 2003-08 | $339,721 |
| 11 | Seneca Foundation | 17 Seneca Rd, Canton, MA 02021-1251 | MA | 2006-06 | $162,819 |
| 12 | Rotary Club Education Fund Of Framingham | 1 Carriage Hill Cir, Southborough, MA 01772-1341 | MA | 1964-11 | $123,118 |
| 13 | Pentucket Education Foundation Inc | PO BOX 513, West Newbury, MA 01985-0613 | MA | 2010-12 | $101,031 |
| 14 | Friends Of Meali International Inc | 240 Brattle Street S240, Cambridge, MA 02138 | MA | 2009-04 | $85,620 |
| 15 | Johnny Mac Memorial Foundation, James Hoyt Ttee | 14 Knoll Rd, Hopkinton, MA 01748-2710 | MA | 2012-03 | $79,940 |
| 16 | Plymouth Rotary Charitable Fund Inc | 34 Main St Ext, Plymouth, MA 02360-8302 | MA | 2010-07 | $70,265 |
| 17 | St Raphael Religious Education Development Tr | 516 High St, Medford, MA 02155-6729 | MA | 2002-05 | $59,527 |
| 18 | Masconomet High School Football Boosters Inc | Po Box 239, Boxford, MA 01921 | MA | 2011-06 | $57,133 |
| 19 | Wrentham Elementary Schools Trust Inc, West | PO BOX 852, Wrentham, MA 02093-0852 | MA | 2007-12 | $47,937 |
| 20 | Maynard Educational Enrichment Foundation Inc, Maynard Education Foundation | Po Box 89, Maynard, MA 01754 | MA | 2001-05 | $47,880 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,586 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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