Ipswich Rotary Club Charitable Endowment in Ipswich, Massachusetts (MA)

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Ipswich Rotary Club Charitable Endowment
Employer Identification Number (EIN)043412301
Name of OrganizationIpswich Rotary Club Charitable Endowment
In Care of NameRaymond Katzen
AddressPO BOX 543, Ipswich, MA 01938-0543
SubsectionCharitable Organization
Ruling Date08/1999
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$10,000 to $24,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$10,628
Amount of Income$45,653
Form 990 Revenue Amount$20,414
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Single Organization Support


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Amount of income in 2014: $45,653 (it was $24,990 in 2013)
Ipswich Rotary Club Charitable Endowment: 

 $45,653
Other organizations performing similar types of work: 

 $77,925

Assets in 2014: $10,628 (it was $11,792 in 2013)
Ipswich Rotary Club Charitable Endowment: 

 $10,628
Other organizations performing similar types of work: 

 $54,860

Expenses in 2013: $16,161
Ipswich Rotary Club Charitable Endowment: 

 $16,161
Other organizations performing similar types of work: 

 $44,826

Income to expenses ratio in 2013: 2.8
Ipswich Rotary Club Charitable Endowment: 

 2.8
Other organizations performing similar types of work: 

 2.2

Grants share in income in 2013: 15.8%
This organization: 

 15.8%
Other organizations performing similar types of work: 

 69.7%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20122013
Total revenue$31,285$24,990
Contributions, gifts, grants, and similar amounts received$13,029$3,947
Program service revenue including government fees and contracts$0$0
Membership dues and assessments$0$0
Investment income$27$29
Gain/Loss from sale of assets other than inventory$0$0
Net income/loss from gaming and fundraising events$18,229$21,014
Gross income from gaming$0$4,400
Gross income from fundraising events$36,203$35,284
Less: direct expenses from gaming and fundraising events$17,974$18,670
Gross profit/loss from sales of inventory$0$0
Other revenue$0$0
Total expenses$32,915$16,161
Total net assets$2,963$11,792
Excess/Deficit for the year$-1,630$8,829
Net assets or fund balances at beginning of year$4,593$2,963
Other changes in net assets or fund balances$0$0
Net assets or fund balances at end of year$2,963$11,792
Balance Sheets
20122013
Total assets$2,963$11,792
Total liabilities$0$0
Net assets or fund balances$2,963$11,792
Other Information
20122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesYesYes
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
Total amount involved$0$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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
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 supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$239,036
Subtotal$239,036
Gifts, grants, contributions, and membership fees received$59,636
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$179,400
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$239,200
Public support$239,036
Subtotal$164
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$164
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
IdNameAddressStateEstablishedTotal Income
1Schuyler County Human Servicesdevelopment Corporation105 Ninth St, Watkins Glen, NY 14891-1435NY2008-04$421,855
2Franklin Hill Revitalization Corporation52 Chauncy Street 10th Floor, Boston, MA 02111-2325MA2009-02$484,015
3Pine Banks Park Foundation350 Main Street, Malden, MA 02148-5089MA2001-07$312,134
4Bartlett Place Land Inc56 Warren Street No 200, Roxbury, MA 02119-3236MA2011-11$157,951
5Sandwich Chamber Of CommercePO BOX 744, Sandwich, MA 02563-0744MA2005-06$149,540
6Ipswich Rotary Club Charitable EndowmentPO BOX 543, Ipswich, MA 01938-0543MA1999-08$45,653
7Cs Amory Inc18 Marbury Ter, Jamaica Plain, MA 02130-4529MA2015-03$44,922
8Buzzards Bay Center Inc114 Front St, New Bedford, MA 02740-7264MA2010-04$41,531
9Barbara Mann Trust2036 Washington St, Hanover, MA 02339-1617MA2000-07$40,845
10Friends Of The Brookfield Town HallPO BOX K268, Brookfield, MA 01506-0668MA2013-07$5,100
11Cambridge Community Kitchen Incorporated64 Farragut Ave, Somerville, MA 02144-1709MA2014-06$175
12Be The Change Action Fund IncTwo Canal Park, Cambridge, MA 02141MA2009-01$34
13Acushnet Veterans Memorial Park10 Pershing Avenue, Acushnet, MA 02743MA2014-04$0
14Boston Foundation Support Tr, Robert Glassman Ttee75 Arlington St, Boston, MA 02116-3936MA2006-03$0
15Caring Crowns Inc, Caring Crowns60 Crystal Lake Dr, Carver, MA 02330-2007MA2015-02$0
16Downtown Boston Rotary Club Charitable Foundation Corporation17 Claremont Park 2, Boston, MA 02118MA2012-06$0
17Friends Of Southborough Recreation Department132 Turnpike Road, Southborough, MA 01772MA2010-02$0
18Malden Kiwanis Charity12 Hillside Rd Apt 202, Stoneham, MA 02180-3135MA2014-08$0
19Saint Anthonys Charity Club Of Osterville Inc308 Osterville West Barnstable Rd, Osterville, MA 02655-1581MA2013-08$0
20Sandwich Town Hall Preservation TrustPO BOX 185, Sandwich, MA 02563MA2014-10$0
Number of organizations performing similar types of work
Alaska2
Alabama4
Arkansas6
Arizona6
California43
Colorado7
Connecticut6
District of Columbia5
Delaware2
Florida21
Georgia9
Iowa2
Idaho1
Illinois18
Indiana6
Kansas3
Kentucky5
Louisiana7
Massachusetts20
Maryland4
Maine2
Michigan14
Minnesota8
Missouri15
Mississippi1
Montana2
North Carolina9
Nebraska2
New Hampshire1
New Jersey8
New Mexico2
Nevada1
New York20
Ohio10
Oklahoma7
Oregon2
Pennsylvania9
South Carolina7
Tennessee7
Texas29
Utah2
Virginia19
Washington10
Wisconsin8
West Virginia3
Total375

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