Health Is Wealth Foundation Inc in Chelmsford, Massachusetts (MA)
Table of contents:
| Health Is Wealth Foundation Inc | |
| Employer Identification Number (EIN) | 161649054 |
| Name of Organization | Health Is Wealth Foundation Inc |
| In Care of Name | PURNIMA SANGAL |
| Address | 1 Courthouse Lane, Chelmsford, MA 01824 |
| Subsection | Charitable Organization |
| Ruling Date | 01/2006 |
| 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 | 2009 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $35,791 |
| Amount of Income | $3,350 |
| Form 990 Revenue Amount | $3,350 |
| National Taxonomy of Exempt Entities (NTEE) | Health - General and Rehabilitative: Health Treatment Facilities, Primarily Outpatient |
Non-representatives - add comments:
Amount of income in 2009: $3,350 (it was $3,350 in 2013)
| Health Is Wealth Foundation Inc: | $3,350 |
| Other organizations performing similar types of work: | $502,277 |
Assets in 2009: $35,791 (it was $35,791 in 2013)
| Health Is Wealth Foundation Inc: | $35,791 |
| Other organizations performing similar types of work: | $342,333 |
Expenses in 2013: $357
| Health Is Wealth Foundation Inc: | $357 |
| Other organizations performing similar types of work: | $551,906 |
Income to expenses ratio in 2013: 9.4
| Health Is Wealth Foundation Inc: | 9.4 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 100.0%
| Health Is Wealth Foundation Inc: | 100.0% |
| Other organizations performing similar types of work: | 8.9% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $7,101 | $6,862 | $3,350 |
| Contributions, gifts, grants, and similar amounts received | $7,101 | $6,862 | $3,350 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $3,450 | $917 | $357 |
| Total net assets | $26,853 | $32,798 | $35,791 |
| Excess/Deficit for the year | $3,651 | $5,945 | $2,993 |
| Net assets or fund balances at beginning of year | $23,202 | $26,853 | $32,798 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $32,798 | $35,791 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $26,853 | $32,798 | $35,791 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $26,853 | $32,798 | $35,791 |
| 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 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 | $27,463 |
| Subtotal | $27,463 |
| Gifts, grants, contributions, and membership fees received | $27,463 |
| 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 | $27,463 |
| Public support | $27,463 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 | Dedham Medical Associates Inc | 1 Lyons St, Dedham, MA 02026-5599 | MA | 2004-10 | $120,167,100 |
| 2 | Medical Diagnostic Healthcare Corporation | 59 Longwater Dr, Norwell, MA 02061-1611 | MA | 2002-06 | $272,870 |
| 3 | Childrens Hospital Opthalmology Foundation Inc | 300 Longwood Ave, Boston, MA 02115-5724 | MA | 2004-07 | $19,332,397 |
| 4 | Community Health Center Of Cape Cod Inc | 107 Commercial St, Mashpee, MA 02649-6507 | MA | 1997-10 | $12,146,033 |
| 5 | Northern Berkshire Healthcare Physicians Group Inc | 71 Hospital Ave, North Adams, MA 01247-2504 | MA | 2009-07 | $3,612,454 |
| 6 | Community Medical Alliance Clinical Group Inc | 253 Summer Street, Boston, MA 02210-1120 | MA | 2001-05 | $3,437,576 |
| 7 | Pioneer Valley Cardiology Associates Inc | 1221 Main St Ste 213, Holyoke, MA 01040-5396 | MA | 2014-05 | $2,622,413 |
| 8 | Hillcrest Dental Care Inc | 788 South St, Pittsfield, MA 01201-8237 | MA | 2013-02 | $2,200,258 |
| 9 | Fallon Total Care Inc | 10 Chestnut St, Worcester, MA 01608-2898 | MA | 2015-01 | $1,551,981 |
| 10 | Volunteers In Medicine Berkshires Inc | 777 Main St Ste 4, Gt Barrington, MA 01230-2120 | MA | 2004-05 | $588,746 |
| 11 | Neurofeedback Group Inc | 11 Irvington St, Newton, MA 02468 | MA | 2002-10 | $151,365 |
| 12 | World Organization Of Renal Therapies Inc | 30 Central St, Middleton, MA 01949-1714 | MA | 2006-02 | $12,048 |
| 13 | Health Is Wealth Foundation Inc | 1 Courthouse Lane, Chelmsford, MA 01824 | MA | 2006-01 | $3,350 |
| 14 | Faculty Practice Foundation Inc, Boston University Dermatolgy Sup Ii | 609 Albany St, Boston, MA 02118-2515 | MA | 1997-05 | $0 |
| 15 | Faculty Practice Foundation, Boston Univ Dermatology Sup Serv | 609 Albany St, Boston, MA 02118-2515 | MA | 1997-05 | $0 |
| 16 | Greenwood Street Medical Clinic | 46 Greenwood St, Worcester, MA 01607-1518 | MA | 2012-09 | $0 |
| 17 | Lown Cardiovascular Group Inc | 21 Longwood Ave, Brookline, MA 02446-5239 | MA | 2014-08 | $0 |
| 18 | Ma Missions Of Mercy | 1 Nassau St Unit 1509, Boston, MA 02111-1530 | MA | 2013-11 | $0 |
| 19 | New Hope Center Inc | 800 W Cummings Park Ste 3600, Woburn, MA 01801-6375 | MA | 1998-07 | $0 |
| 20 | New Hope Community Health Clinic Inc | Plumtree Road, Springfield, MA 01119 | MA | 2006-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,490 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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