Island Grown Initiative Ltd in Vineyard Hvn, Massachusetts (MA)
Table of contents:
| Island Grown Initiative Ltd | |
| Employer Identification Number (EIN) | 205773892 |
| Name of Organization | Island Grown Initiative Ltd |
| Address | 80 Stoney Hill Rd, Vineyard Hvn, MA 02568-5909 |
| Subsection | Charitable Organization |
| Ruling Date | 08/2011 |
| Deductibility | Contributions are deductible |
| Foundation | Organization 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 |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $5,712,689 |
| Amount of Income | $689,869 |
| Form 990 Revenue Amount | $689,869 |
| National Taxonomy of Exempt Entities (NTEE) | Food, Agriculture and Nutrition: Food Service, Free Food Distribution Programs |
Non-representatives - add comments:
Amount of income in 2013: $689,869 (it was $3,750,916 in 2012)
| This organization: | $689,869 |
| Other organizations performing similar types of work: | $81,666 |
Assets in 2013: $5,712,689 (it was $4,427,003 in 2012)
| This organization: | $5,712,689 |
| Other organizations performing similar types of work: | $44,141 |
Expenses in 2012: $227,458
| This organization: | $227,458 |
| Other organizations performing similar types of work: | $71,513 |
Income to expenses ratio in 2012: 3.0
| This organization: | 3.0 |
| Other organizations performing similar types of work: | 1.7 |
Grants share in income in 2012: 98.8%
| Island Grown Initiative Ltd: | 98.8% |
| Other organizations performing similar types of work: | 37.5% |
Revenue for 2012
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2012) | |
| Total revenue | $3,750,916 |
| Contributions, Gifts, Grants and Other Similar Amounts | $3,707,239 |
| Program Service Revenue | $8,279 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $381 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $35,017 |
| Gross income from fundraising events | $35,017 |
| Less: direct expenses | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $227,458 |
| Compensation of current officers, directors, trustees, and key employees | $0 |
| Other salaries and wages | $0 |
| Payroll taxes | $0 |
| Professional fundraising services | $0 |
| Other | $227,458 |
| Balance Sheet (for 2012) | |
| Total assets | $4,427,003 |
| Total liabilities | $761,290 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $750,000 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $11,290 |
| Total net assets or fund balances | $3,665,713 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2012) | |
| 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 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total support | $4,176,668 |
| Gifts, grants, contributions, and membership fees received | $4,137,159 |
| 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 | $39,085 |
| 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 and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $424 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Island Grown Initiative Ltd | 80 Stoney Hill Rd, Vineyard Hvn, MA 02568-5909 | MA | 2011-08 | $689,869 |
| 2 | Community Cooks Inc | 1 Summer St, Somerville, MA 02143-1771 | MA | 2012-01 | $392,097 |
| 3 | Barbara Lynch Foundation Inc | 100 Cambridge St, Boston, MA 02114-2509 | MA | 2012-09 | $332,774 |
| 4 | Goldberg Charitable Corporation To Improve The Food System Inc | 193 Grove St, Wellesley, MA 02482-7413 | MA | 2013-12 | $215,133 |
| 5 | Urban Food Initiative | C/O Douglas Rauch 54 Wilde Road, Waban, MA 02468 | MA | 2014-12 | $105,011 |
| 6 | Boston Area Gleaners Inc | 240 Beaver Street, Waltham, MA 02452 | MA | 2007-09 | $87,024 |
| 7 | People First Food Pantry Inc | 19 Douglas St, Uxbridge, MA 01569-1814 | MA | 2009-11 | $65,063 |
| 8 | Lexington Interfaith Outreach Food Pantry Inc, Lexington Interfaith Food Pantry Lexington Food Pantry | P O Box 635, Lexington, MA 02420 | MA | 2011-01 | $42,051 |
| 9 | Ipswich Community Food Pantry Inc | PO BOX 316, Ipswich, MA 01938-0316 | MA | 2004-08 | $39,133 |
| 10 | Kylees Kare Kits For Kidz Inc | 66 Watson Ave, Leominster, MA 01453-2458 | MA | 2013-12 | $27,546 |
| 11 | Alchemy Initiative, Jessica M Conzo Gen Ptr | PO BOX 1805, Pittsfield, MA 01202-1805 | MA | 2014-05 | $26,354 |
| 12 | Womens Club Of Chatham | Po Box 463, Chatham, MA 02633 | MA | 2011-01 | $19,992 |
| 13 | Welcome Table | 90 Maple Street, Danvers, MA 01923 | MA | 2011-06 | $7,844 |
| 14 | Turkeys 4 America Inc | 102 Partridge Drive, Westwood, MA 02090 | MA | 2003-01 | $6,562 |
| 15 | Tynsgboro Farmers Market Corp | 10 Jefferson Dr, Tyngsboro, MA 01879-1263 | MA | 2014-03 | $3,928 |
| 16 | Inland Valley Community House | 111 Farnham St, Belmont, MA 02478-3172 | MA | 2012-06 | $3,100 |
| 17 | Bear Foods Inc | 170 Tremont St Ste C-101, Boston, MA 02111-1131 | MA | 2000-05 | $0 |
| 18 | Berlin Family Food Pantry | 23 Linden St, Berlin, MA 01503 | MA | 2012-08 | $0 |
| 19 | Ceo Council On Hunger Inc | 59 Winford Way, Winchester, MA 01890-4030 | MA | 2010-11 | $0 |
| 20 | Charitable Religious Organization, Burrell Oswald B | 36 Cobden St Ste 3, Boston, MA 02119-1304 | MA | 1999-01 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,284 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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