Friends Of Microfinance Ltd in Woburn, Massachusetts (MA)
Table of contents:
| Friends Of Microfinance Ltd | |
| Employer Identification Number (EIN) | 205797722 |
| Name of Organization | Friends Of Microfinance Ltd |
| In Care of Name | Vidar Jorgensen |
| Address | 500 West Cummings Park Suite 5200, Woburn, MA 01801 |
| Subsection | Educational Organization |
| Ruling Date | 08/2008 |
| 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 | 2013 |
| Assets | $0 |
| Income | $0 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $24,707 |
| Amount of Income | $87,724 |
| Form 990 Revenue Amount | $87,724 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2013: $87,724 (it was $87,724 in 2012)
| This organization: | $87,724 |
| Other organizations performing similar types of work: | $60,000 |
Assets in 2013: $24,707 (it was $26,110 in 2012)
| Friends Of Microfinance Ltd: | $24,707 |
| Other organizations performing similar types of work: | $38,951 |
Expenses in 2012: $3,597
| This organization: | $3,597 |
| Other organizations performing similar types of work: | $33,868 |
Income to expenses ratio in 2012: 24.4
| This organization: | 24.4 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2012: 100.0%
| Friends Of Microfinance Ltd: | 100.0% |
| Other organizations performing similar types of work: | 37.8% |
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012) | |
| Total revenue | $87,724 |
| Contributions, gifts, grants, and similar amounts received | $87,724 |
| 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 | $0 |
| Net income from gaming and fundraising events | $0 |
| Gross profit from sales of inventory | $0 |
| Other revenue | $0 |
| Total expenses | $3,597 |
| Total net assets | $-590,726 |
| Excess for the year | $84,127 |
| Net assets or fund balances at beginning of year | $-674,853 |
| Other changes in net assets or fund balances | $0 |
| Balance Sheets (for 2012) | |
| Total assets | $26,110 |
| Total liabilities | $616,836 |
| Net assets or fund balances | $-590,726 |
| Other Information (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
| 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: (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 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total support | $601,656 |
| Gifts, grants, contributions, and membership fees received | $496,465 |
| 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 |
| 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 and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $45,191 |
| Other | $60,000 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Lake City Partnership Council | 133b E Main St, Lake City, SC 29560-2626 | SC | 2011-09 | $13,089,389 |
| 2 | Pershing Square Foundation | 10 Melville Park Rd, Melville, NY 11747-3146 | NY | 2009-02 | $10,002,234 |
| 3 | Cedar Street Charitable Foundation Inc | 111 E Kilbourn Ave Ste 200, Milwaukee, WI 53202-6672 | WI | 2009-07 | $8,736,198 |
| 4 | Teamsters Local 986 Charity Fund Inc | 1198 Durfee Ave, S El Monte, CA 91733-4412 | CA | 1989-08 | $8,386,314 |
| 5 | Community Foundation Of Wyandotte County | 9001 W 110th Street, Overland Park, KS 66210-2145 | KS | 2011-09 | $7,879,547 |
| 6 | Fund For Our Economic Future Of Northeast Ohio | 1360 E 9th St Ste 210, Cleveland, OH 44114-1746 | OH | 2009-12 | $6,467,823 |
| 7 | Thomas P And Sondra D Sheehan Charitable Foundation | 515 E Main St, Carmel, IN 46032-2258 | IN | 2009-10 | $4,385,885 |
| 8 | Act For Alexandria | 1421 Prince St Ste 400, Alexandria, VA 22314-2805 | VA | 2009-09 | $4,129,470 |
| 9 | Whirlpool Collective Impact Fund | 2000 N M 63, Benton Harbor, MI 49022-2632 | MI | 2015-03 | $2,377,915 |
| 10 | Center Of Excellence Properties Fund | PO BOX 100, Park City, UT 84060-0100 | UT | 2007-12 | $2,196,000 |
| 11 | Texas Medical Association Foundation | 401 W 15th St, Austin, TX 78701-1670 | TX | 1966-03 | $1,937,497 |
| 12 | Olympia Center Inc | 169 E Flagler St Ste 837, Miami, FL 33131-1203 | FL | 2011-12 | $1,877,996 |
| 13 | Medfield Foundation Inc | 459 Main St, Medfield, MA 02052-2009 | MA | 2001-07 | $109,937 |
| 14 | The Glass Town Gala Inc | 6 Water Street, Sandwich, MA 02563 | MA | 2005-09 | $93,927 |
| 15 | Friends Of Microfinance Ltd | 500 West Cummings Park Suite 5200, Woburn, MA 01801 | MA | 2008-08 | $87,724 |
| 16 | Friends Of Buker Elementary School Inc | One School Street, Wenham, MA 01984 | MA | 2005-09 | $78,607 |
| 17 | Brewster Police Relief Assoc Inc | 631 Harwich Rd, Brewster, MA 02631-5250 | MA | 2010-07 | $30,105 |
| 18 | Womens Club Of New Seabury Charitable Tr, Women's Club Of New Seabury | Po Box 906, Mashpee, MA 02649 | MA | 2013-08 | $19,003 |
| 19 | The North River Community Lions Club Foundation Inc | 8 10th Ave, Scituate, MA 02066-2921 | MA | 2002-03 | $7,876 |
| 20 | Dighton Lions Club Foundation | 1544 Somerset Ave C/O R Fredericks, Dighton, MA 02715 | MA | 2011-11 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 471 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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