Friends Of The Morse Institute Library in Natick, Massachusetts (MA)
Table of contents:
| Friends Of The Morse Institute Library | |
| Employer Identification Number (EIN) | 043090509 |
| Name of Organization | Friends Of The Morse Institute Library |
| Address | 14 E Central St, Natick, MA 01760-4630 |
| Activities | Gifts, grants, or loans to other organizations, Booster club |
| Subsection | Charitable Organization |
| Ruling Date | 09/1991 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 08/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $82,128 |
| Amount of Income | $47,257 |
| Form 990 Revenue Amount | $45,368 |
Non-representatives - add comments:
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $78,084 | $46,154 | $46,549 |
| Contributions, gifts, grants, and similar amounts received | $41,989 | $14,214 | $12,418 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $401 | $197 | $75 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $579 | $513 | $938 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $579 | $513 | $938 |
| Less: direct expenses from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $35,115 | $31,230 | $33,118 |
| Gross sales of inventory, less returns and allowances | $36,616 | $33,118 | $34,940 |
| Less: cost of goods sold | $1,501 | $1,888 | $1,822 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $46,149 | $34,422 | $49,230 |
| Total net assets | $71,853 | $83,585 | $79,188 |
| Excess/Deficit for the year | $31,935 | $11,732 | $-2,681 |
| Net assets or fund balances at beginning of year | $34,817 | $71,853 | $83,585 |
| Other changes in net assets or fund balances | $5,101 | $0 | $-1,716 |
| Net assets or fund balances at end of year | $83,585 | $79,188 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $76,954 | $83,585 | $79,188 |
| Total liabilities | $5,101 | $0 | $0 |
| Net assets or fund balances | $71,853 | $83,585 | $79,188 |
| 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 | 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 2013) | |
| The organization is not a private foundation because it is: | An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
| Number of organizations supported | 1 |
| Sum of amounts of support | $46,588 |
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| Other organizations in Massachusetts | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Friends Of The Maynard Public Library Inc | 77 Nason St, Maynard, MA 01754-2316 | MA | 1999-10 | $3,789 |
| 2 | Friends Of The Medford Family Network Corp | PO BOX 128, Medford, MA 02155-0002 | MA | 2003-12 | $47,712 |
| 3 | Friends Of The Medford Public Library Inc | 111 High St, Medford, MA 02155-3824 | MA | 1991-08 | $32,069 |
| 4 | Friends Of The Mentally Ill Inc | 50a Peter Kristof Way, Medfield, MA 02052 | MA | 1991-05 | $164,196 |
| 5 | Friends Of The Merrimac Council On Aging Inc | 100 E Main St, Merrimac, MA 01860-1612 | MA | 1992-07 | $97,963 |
| 6 | Friends Of The Milford Senior Center Inc | 60 N Bow St, Milford, MA 01757-3405 | MA | 1992-04 | $152,810 |
| 7 | Friends Of The Milford Town Library Inc | PO BOX 135, Milford, MA 01757-0135 | MA | 1979-01 | $19,443 |
| 8 | Friends Of The Millbury Public Library Inc | 128 Elm Street, Millbury, MA 01527 | MA | 1990-01 | $0 |
| 9 | Friends Of The Milton Public Library | 476 Canton Ave, Milton, MA 02186-3235 | MA | 1992-08 | $25,491 |
| 10 | Friends Of The Monson Free Library | 2 High St, Monson, MA 01057-1008 | MA | 2006-12 | $9,993 |
| 11 | Friends Of The Morse Institute Library | 14 E Central St, Natick, MA 01760-4630 | MA | 1991-09 | $47,257 |
| 12 | Friends Of The Muddy River Inc | 10 Bowker St, Brookline, MA 02445-6955 | MA | 1982-10 | $1,714 |
| 13 | Friends Of The Needham Public Library Inc | 1139 Highland Ave, Needham, MA 02494-3268 | MA | 1977-03 | $108,327 |
| 14 | Friends Of The Needy Inc | Po Box 375, Hadley, MA 01035 | MA | 1998-04 | $0 |
| 15 | Friends Of The Newburyport Council On Aging Inc | 40 Water St, Newburyport, MA 01950-2751 | MA | 2001-10 | $14,983 |
| 16 | Friends Of The Newburyport Public Library Inc | 94 State St, Newburyport, MA 01950-6619 | MA | 1987-05 | $61,509 |
| 17 | Friends Of The Newton Free Library | 330 Homer St, Newton, MA 02459-1429 | MA | 1980-02 | $74,829 |
| 18 | Friends Of The Norcross House Inc | PO BOX 532, East Longmeadow, MA 01028-3146 | MA | 2003-10 | $0 |
| 19 | Friends Of The Norfolk Public Library Inc | 139 Main St, Norfolk, MA 02056 | MA | 1986-04 | $49,164 |
| 20 | Friends Of The North Adams Public Library | 74 Church St, North Adams, MA 01247-4168 | MA | 1999-12 | $12,624 |
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