Guardian Angel Motorsports Inc in Southborough, Massachusetts (MA)
Table of contents:
| Guardian Angel Motorsports Inc | |
| Employer Identification Number (EIN) | 450890037 |
| Name of Organization | Guardian Angel Motorsports Inc |
| In Care of Name | Bruce G Ledoux |
| Address | 6 Angelica Ln, Southborough, MA 01772-1339 |
| Subsection | Charitable Organization |
| Ruling Date | 05/2011 |
| 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 | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $62,544 |
| Amount of Income | $109,568 |
| Form 990 Revenue Amount | $109,568 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Community Foundations |
Non-representatives - add comments:
Amount of income in 2013: $109,568 (it was $265,641 in 2012)
| This organization: | $109,568 |
| Other organizations performing similar types of work: | $123,400 |
Assets in 2013: $62,544 (it was $61,106 in 2012)
| This organization: | $62,544 |
| Other organizations performing similar types of work: | $188,019 |
Expenses in 2013: $108,130
| Guardian Angel Motorsports Inc: | $108,130 |
| Other organizations performing similar types of work: | $82,376 |
Income to expenses ratio in 2013: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 5.6 |
Grants share in income in 2013: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 20.2% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $113,836 | $109,568 | |
| Contributions, gifts, grants, and similar amounts received | $113,836 | $109,568 | |
| Program service revenue including government fees and contracts | $0 | $0 | |
| Membership dues and assessments | $0 | $0 | |
| Investment income | $0 | $0 | |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | |
| Other revenue | $0 | $0 | |
| Total expenses | $39,878 | $108,130 | |
| Total net assets | $73,958 | $52,867 | |
| Excess/Deficit for the year | $73,958 | $1,438 | |
| Net assets or fund balances at beginning of year | $0 | $51,429 | |
| Other changes in net assets or fund balances | $0 | $0 | |
| Net assets or fund balances at end of year | $52,867 | ||
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $83,635 | $61,106 | $62,544 |
| Total liabilities | $9,677 | $9,677 | $9,677 |
| Net assets or fund balances | $73,958 | $52,867 | |
| Other Information | |||
| 2011 | 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? | 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 | ||
| 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? | Yes | ||
| Total amount involved | $9,677 | ||
| 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 | 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 | $0 |
| 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 | $489,045 |
| Subtotal Support | $489,045 |
| Gifts, grants, contributions, and membership fees received | $489,045 |
| 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 | $0 |
| Total Support | $489,045 |
| Public Support | $489,045 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 Taos Community Foundation Inc | PO BOX 1925, Taos, NM 87571-1925 | NM | 1998-12 | $4,057,729 |
| 2 | The Life Is Good Kids Foundation Inc | 51 Melcher Street 9th Floor, Boston, MA 02210-1508 | MA | 2007-07 | $2,253,904 |
| 3 | Ruth E Proud Charitable Tr | 87 Marshall Street, North Adams, MA 01247 | MA | 2007-01 | $1,231,355 |
| 4 | Watertown Community Foundation Inc | PO BOX 334, Watertown, MA 02471-0334 | MA | 2005-06 | $1,045,831 |
| 5 | Russian Jewish Community Foundation | 200 Wells Avenue, Newton Center, MA 02459-3330 | MA | 2005-06 | $225,450 |
| 6 | Symmes Medical Use Nonprofit Corporation | One Post Office Square 5th Fl, Boston, MA 02109-2106 | MA | 2006-01 | $151,892 |
| 7 | Max And Marion Volterra Charitable Foundation Inc | 297 Bank St, Attleboro, MA 02703-1730 | MA | 2014-06 | $135,000 |
| 8 | Roxbury Tr Fund Committee Tr, Durant Leonard Ttee | 51 Crawford St, Dorchester, MA 02121 | MA | 2004-09 | $112,634 |
| 9 | Guardian Angel Motorsports Inc | 6 Angelica Ln, Southborough, MA 01772-1339 | MA | 2011-05 | $109,568 |
| 10 | Timothy O Connell Foundation | 35 Erin Way, Holliston, MA 01746-1039 | MA | 2008-08 | $95,790 |
| 11 | Anca Eastern Region Endowment Fund | 80 Bigelow Ave, Watertown, MA 02472-2012 | MA | 2010-05 | $78,930 |
| 12 | Boston Fisheries Foundation | 306 Northern Ave Ste 3, Boston, MA 02210-2360 | MA | 2014-06 | $71,039 |
| 13 | Rotary Club Of Harwich-Dennis Good Works Foundation | PO BOX 188, South Dennis, MA 02660 | MA | 2011-12 | $65,010 |
| 14 | The Rotary Club Of Marthas Vineyard Charitable Foundation Inc | PO BOX 1951, Edgartown, MA 02539-1951 | MA | 1999-08 | $54,338 |
| 15 | Friends Of Maharana Of Mewar Charitable Foundation | 205 Commonwealth Ave Apt 1, Boston, MA 02116-1709 | MA | 2013-09 | $44,067 |
| 16 | Friends For Matty Foundation Inc | Po Box 439, Bedford, MA 01730 | MA | 2010-03 | $28,342 |
| 17 | Swampscott Yacht Club Fund Inc | 81 Ocean View Rd, Swampscott, MA 01907-2225 | MA | 2012-01 | $26,894 |
| 18 | Pennies For Poverty 2 Cents 4 Change Inc | 282 High Street, Newburyport, MA 01950 | MA | 2009-09 | $20,084 |
| 19 | Millis Fund Inc | 142 Exchange St, Millis, MA 02054 | MA | 2000-03 | $19,371 |
| 20 | Weber Foundation Of Helping Hands Inc | 20 North Ave, Melrose, MA 02176-1604 | MA | 2001-02 | $4,188 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,151 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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