Ipswich Education Foundation Inc in Ipswich, Massachusetts (MA)

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Ipswich Education Foundation Inc
Employer Identification Number (EIN)043290520
Name of OrganizationIpswich Education Foundation Inc
AddressPO BOX 786, Ipswich, MA 01938-0786
SubsectionCharitable Organization
Ruling Date01/1996
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$139,306
Amount of Income$71,133
Form 990 Revenue Amount$71,133


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Financial snapshot ($)

Revenue for 2012

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$160,981
Contributions, gifts, grants, and similar amounts received$160,430
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$551
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$103,491
Total net assets$165,819
Excess for the year$57,490
Net assets or fund balances at beginning of year$108,329
Other changes in net assets or fund balances$0
Balance Sheets (for 2012)
Total assets$165,819
Total liabilities$0
Net assets or fund balances$165,819
Other Information (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2012)
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)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012)
2008 - 2012 Total
Total Support$215,585
Gifts, grants, contributions, and membership fees received$209,349
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$6,236
Gross receipts from related activities, etc.$0
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