Gasoline Alley Foundation Inc in Springfield, Massachusetts (MA)
Table of contents:
| Gasoline Alley Foundation Inc | |
| Employer Identification Number (EIN) | 043497449 |
| Name of Organization | Gasoline Alley Foundation Inc |
| Address | 250 Albany St, Springfield, MA 01105-1018 |
| Subsection | Charitable Organization |
| Ruling Date | 09/2000 |
| 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 | 12/2013 |
| 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 | $27,524 |
| Amount of Income | $25,471 |
| Form 990 Revenue Amount | $25,471 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Urban, Community Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $25,471 (it was $25,617 in 2012)
| Gasoline Alley Foundation Inc: | $25,471 |
| Other organizations performing similar types of work: | $141,217 |
Assets in 2013: $27,524 (it was $23,110 in 2012)
| This organization: | $27,524 |
| Other organizations performing similar types of work: | $121,026 |
Expenses in 2013: $23,690
| Gasoline Alley Foundation Inc: | $23,690 |
| Other organizations performing similar types of work: | $118,087 |
Income to expenses ratio in 2013: 1.1
| Gasoline Alley Foundation Inc: | 1.1 |
| Other organizations performing similar types of work: | 1.6 |
Grants share in income in 2013: 57.9%
| Gasoline Alley Foundation Inc: | 57.9% |
| Other organizations performing similar types of work: | 87.4% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $25,617 | $25,471 |
| Contributions, gifts, grants, and similar amounts received | $8,355 | $14,735 |
| Program service revenue including government fees and contracts | $5,849 | $0 |
| Membership dues and assessments | $150 | $0 |
| Investment income | $10,522 | $10,736 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $741 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $0 | $0 |
| Total expenses | $32,656 | $23,690 |
| Total net assets | $-95,144 | $-93,363 |
| Excess/Deficit for the year | $-7,039 | $1,781 |
| Net assets or fund balances at beginning of year | $-88,105 | $-95,144 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $-95,144 | $-93,363 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $23,110 | $27,524 |
| Total liabilities | $118,254 | $120,887 |
| Net assets or fund balances | $-95,144 | $-93,363 |
| Other Information | ||
| 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 | Yes | Yes |
| Has the organization filed a Form 990-T for the year? | Yes | Yes |
| 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? | Yes | Yes |
| Total amount involved | $86,039 | $81,717 |
| 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: (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 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $97,152 |
| Subtotal | $97,152 |
| Gifts, grants, contributions, and membership fees received | $45,945 |
| 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 | $51,207 |
| 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 | $83,043 |
| Public support | $97,152 |
| Subtotal | $33 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $33 |
| 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 | $-14,142 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Ventura County Community Development Corporation | 2231 Sturgis Rd Unit A, Oxnard, CA 93030-7813 | CA | 2003-05 | $5,683,551 |
| 2 | Cdi Development Fund Inc | 21 Goodnow Rd, Shelburne Fls, MA 01370-9680 | MA | 2014-01 | $853,274 |
| 3 | Homestart Inc | 105 Chauncy St 7th Fl-Finance Dept, Boston, MA 02111-1726 | MA | 1996-08 | $7,970,462 |
| 4 | Massachusetts Manufacturing Extension Partnership Inc | 100 Grove Street, Worcester, MA 01605-2627 | MA | 2000-08 | $6,790,154 |
| 5 | Boston Workers Alliance | 411 Blue Hill Ave, Boston, MA 02121-4309 | MA | 2009-09 | $510,215 |
| 6 | South Boston Community Development Foundation Inc | 2 Leeds St, Boston, MA 02127-2717 | MA | 2010-08 | $421,049 |
| 7 | Chicopee Neighborhood Development Corporation | 10 Center St Ste 312, Chicopee, MA 01013-2680 | MA | 1998-02 | $264,529 |
| 8 | Mission Hill-Fenway Neighborhood Trust Inc | C/O Lauren Dewey Platt 41 Park, Boston, MA 02215 | MA | 2000-01 | $234,853 |
| 9 | Downtown Taunton Foundation Inc | 8 Trescott Street, Taunton, MA 02780-3276 | MA | 2011-11 | $65,744 |
| 10 | Bowdoin-Geneva Main Street Inc | 200 Bowdoin St, Boston, MA 02122-1819 | MA | 2002-07 | $53,194 |
| 11 | Franklin Downtown Business Partnership Inc | P O Box 413 9 East Central St, Franklin, MA 02038 | MA | 2004-09 | $35,122 |
| 12 | Mattapan Square Main Streets Inc | Po Box 260885, Mattapan, MA 02126 | MA | 2012-09 | $29,845 |
| 13 | Big Business Network Inc | 61 Greenwood St, Dorchester, MA 02121-4129 | MA | 2014-11 | $0 |
| 14 | Brockton Interfaith Community Nehemiah Partnership Inc | 65 West Elm Street, Brockton, MA 02301 | MA | 2010-07 | $0 |
| 15 | Charlestown Waterfront Coalition Inc | Po Box 029533, Charlestown, MA 02129 | MA | 2004-01 | $0 |
| 16 | Churchill Neighborhood Association | 277 Walnut St, Holyoke, MA 01040-4204 | MA | 1995-05 | $0 |
| 17 | Civic Investments Ii Inc | 160 Federal St Fl 7, Boston, MA 02110-1700 | MA | 2002-05 | $0 |
| 18 | Eastmans Corner Foundation Inc | 347 Congress St, Boston, MA 02210-1280 | MA | 2015-01 | $0 |
| 19 | Friends Of The Barnstable County Human Rights Commission | 174 Lowell Rd 84, Mashpee, MA 02649 | MA | 2007-03 | $0 |
| 20 | Gloucester Community Development Corporation | 87 Middle Street, Gloucester, MA 01930 | MA | 2001-11 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,538 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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