Merrimack Valley Chamber Foundation Inc in Lawrence, Massachusetts (MA)
Table of contents:
| Merrimack Valley Chamber Foundation Inc | |
| Employer Identification Number (EIN) | 222585654 |
| Name of Organization | Merrimack Valley Chamber Foundation Inc |
| Address | 264 Essex St, Lawrence, MA 01840-1516 |
| Activities | Discussion groups, forums, panels lectures, etc. |
| Subsection | Charitable Organization |
| Ruling Date | 03/1987 |
| 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 | $10,000 to $24,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $13,806 |
| Amount of Income | $5,001 |
| Form 990 Revenue Amount | $5,001 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Promotion of Business |
Non-representatives - add comments:
Amount of income in 2013: $5,001 (it was $2,175 in 2012)
| This organization: | $5,001 |
| Other organizations performing similar types of work: | $180,052 |
Assets in 2013: $13,806 (it was $19,785 in 2012)
| Merrimack Valley Chamber Foundation Inc: | $13,806 |
| Other organizations performing similar types of work: | $162,128 |
Expenses in 2013: $6,486
| This organization: | $6,486 |
| Other organizations performing similar types of work: | $157,385 |
Income to expenses ratio in 2013: 0.8
| This organization: | 0.8 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 100.0%
| Merrimack Valley Chamber Foundation Inc: | 100.0% |
| Other organizations performing similar types of work: | 5.2% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $2,175 | $5,001 |
| Contributions, gifts, grants, and similar amounts received | $2,152 | $5,000 |
| Program service revenue including government fees and contracts | $0 | $0 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $23 | $1 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $0 | $0 |
| Total expenses | $4,466 | $6,486 |
| Total net assets | $18,560 | $13,581 |
| Excess/Deficit for the year | $-2,291 | $-1,485 |
| Net assets or fund balances at beginning of year | $20,851 | $15,066 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $13,581 | |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $19,785 | $13,806 |
| Total liabilities | $1,225 | $225 |
| Net assets or fund balances | $18,560 | $13,581 |
| Other Information | ||
| 2012 | 2013 | |
|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | |
| Were any significant changes made to the organizing or governing documents? | Yes | |
| 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 | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | |
| Amount of political expenditures, direct or indirect | $0 | |
| Did the organization file Form 1120-POL for this year? | 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 | |
| Total amount involved | $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 | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | 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 | $23,101 |
| Subtotal | $23,101 |
| Gifts, grants, contributions, and membership fees received | $23,101 |
| 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 | $23,172 |
| Public support | $23,101 |
| Subtotal | $71 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $71 |
| 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 | Taunton Area Chamber Of Commerce Inc | 6 Pleasant St, Taunton, MA 02780-3203 | MA | 1945-02 | $200,083 |
| 2 | Employers Association Of The Northeast Inc | PO BOX 1070, Agawam, MA 01001-6070 | MA | 1939-07 | $2,857,139 |
| 3 | Metro South Chamber Of Commerse Inc | 60 School St, Brockton, MA 02301-4048 | MA | 1946-04 | $855,704 |
| 4 | Nantucket Island Chamber Of Commerce | 0 Main St Ste 2, Nantucket, MA 02554-6118 | MA | 1979-05 | $762,128 |
| 5 | Madison Park Economic Development Corporation | 184 Dudley Street, Roxbury, MA 02119-2561 | MA | 1992-04 | $668,589 |
| 6 | New England Womens Support Inc, Network For Battered Lesbians | PO BOX 6011, Boston, MA 02114-0059 | MA | 1991-12 | $601,099 |
| 7 | Sheet Metal Industry Promotion Fund Of Eastern Massachusetts | 100 Grossman Dr Ste 300, Braintree, MA 02184-4957 | MA | 1969-07 | $552,500 |
| 8 | Towing And Recovery Association Of America Inc | 104 Walnut Street, Leominster, MA 01453-3154 | MA | 1987-08 | $350,200 |
| 9 | Chinese Merchants Association | 20 Hudson St, Boston, MA 02111-1902 | MA | 1943-11 | $344,108 |
| 10 | Mason Contractors Association Of Massachusetts Inc | PO BOX 47, Bridgewater, MA 02324-0047 | MA | 1976-08 | $220,055 |
| 11 | Southern Berkshire Chamber Of Commerce | PO BOX 810, Gt Barrington, MA 01230-0810 | MA | 1993-05 | $183,708 |
| 12 | West Springfield Chamber Of Commerce | 1441 Main St, Springfield, MA 01103-1406 | MA | 1942-05 | $76,965 |
| 13 | Auburn Chamber Of Commerce Inc | 115 Blackstone River Rd, Worcester, MA 01607-1491 | MA | 1988-03 | $59,779 |
| 14 | International Conference On The Science Of Hard Materials | 15 Saint Marys Street, Boston, MA 02446 | MA | 1995-04 | $1,200 |
| 15 | Association Of Residential Security Directors Inc | 33 Pond Avenue Suite100, Brookline, MA 02445 | MA | 1994-12 | $0 |
| 16 | Church Historical Trust | Christian Science Center A241, Boston, MA 02115-3111 | MA | 1981-08 | $0 |
| 17 | Institute Of Management Accountants Inc | 298 Atlantic St, Quincy, MA 02171 | MA | 1974-02 | $0 |
| 18 | Massachusetts Mathematics Initiative Inc | 716 Columbus Ave Ste 378, Boston, MA 02120-2111 | MA | 1992-01 | $0 |
| 19 | Saugus Girls Softball | 406 Revere Beach Pkwy, Revere, MA 02151-4027 | MA | 1994-03 | $0 |
| 20 | Technology Education Council Of Somerville Inc | 167 Holland St, Somerville, MA 02144-2401 | MA | 1992-06 | $0 |
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