Massachusetts Mortgage Bankers Foundation Inc in Boston, Massachusetts (MA)
Table of contents:
Massachusetts Mortgage Bankers Foundation Inc | |
Employer Identification Number (EIN) | 201367183 |
Name of Organization | Massachusetts Mortgage Bankers Foundation Inc |
In Care of Name | Kevin M Cuff |
Address | 21 School Street 2nd Floor, Boston, MA 02108-4305 |
Subsection | Charitable Organization |
Ruling Date | 01/2005 |
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 | $100,000 to $499,999 |
Income | $10,000 to $24,999 |
Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
Asset Amount | $199,581 |
Amount of Income | $22,798 |
Form 990 Revenue Amount | $22,318 |
National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Public Foundations |
Non-representatives - add comments:
Amount of income in 2013: $22,798 (it was $19,570 in 2012)
This organization: | $22,798 |
Other organizations performing similar types of work: | $71,328 |
Assets in 2013: $199,581 (it was $199,026 in 2012)
This organization: | $199,581 |
Other organizations performing similar types of work: | $50,799 |
Expenses in 2013: $10,950
Massachusetts Mortgage Bankers Foundation Inc: | $10,950 |
Other organizations performing similar types of work: | $47,311 |
Income to expenses ratio in 2013: 2.1
Massachusetts Mortgage Bankers Foundation Inc: | 2.1 |
Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 86.2%
This organization: | 86.2% |
Other organizations performing similar types of work: | 7.7% |
Revenue for 2013
Support schedule
Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total revenue | $23,969 | $12,872 | $22,318 |
Contributions, gifts, grants, and similar amounts received | $400 | $1,200 | $19,230 |
Program service revenue including government fees and contracts | $0 | $0 | $0 |
Membership dues and assessments | $0 | $1,100 | $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 | $22,472 | $8,862 | $1,395 |
Gross income from gaming | $0 | $2,300 | $1,875 |
Gross income from fundraising events | $32,840 | $13,260 | $0 |
Less: direct expenses from gaming and fundraising events | $10,368 | $6,698 | $480 |
Gross profit/loss from sales of inventory | $0 | $0 | $0 |
Other revenue | $1,097 | $1,710 | $1,693 |
Total expenses | $15,233 | $14,807 | $10,950 |
Total net assets | $181,063 | $179,128 | $190,496 |
Excess/Deficit for the year | $8,736 | $-1,935 | $11,368 |
Net assets or fund balances at beginning of year | $172,327 | $181,063 | $179,128 |
Other changes in net assets or fund balances | $0 | $0 | $0 |
Net assets or fund balances at end of year | $179,128 | $190,496 |
Balance Sheets | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total assets | $205,431 | $199,026 | $199,581 |
Total liabilities | $24,368 | $19,898 | $9,085 |
Net assets or fund balances | $181,063 | $179,128 | $190,496 |
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 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 | $25,205 |
Subtotal Support | $25,205 |
Gifts, grants, contributions, and membership fees received | $25,205 |
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 | $34,407 |
Public Support | $25,205 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $9,202 |
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. | $78,059 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Roswell Park Alliance Foundation | Elm And Carlton St, Buffalo, NY 14263-0001 | NY | 1996-08 | $28,110,672 |
2 | Science Foundation Arizona | 400 E Van Buren St Ste 220, Phoenix, AZ 85004-2223 | AZ | 2006-11 | $7,919,015 |
3 | St Andrews Charitable Foundation | 6633 Delmar Blvd, St Louis, MO 63130-4505 | MO | 2008-01 | $1,344,641 |
4 | Tma Support Corporation | 2427 M L K Jr Ave Se, Washington, DC 20020-5815 | DC | 2006-10 | $709,645 |
5 | Rotary Club Of Coralsprings-Parkland Foundation Inc | 11873 Nw 2nd Ct, Coral Springs, FL 33071-8017 | FL | 2007-03 | $57,467 |
6 | The Red Sox Foundation Inc | 4 Yawkey Way, Boston, MA 02215-3409 | MA | 2003-06 | $8,770,343 |
7 | Trust In Diversity | One Federal St, Boston, MA 02110-2012 | MA | 1995-04 | $1,105,286 |
8 | Move The World Foundation, Thomas L Pappas Ttee | 109 Thornberry Rd, Winchester, MA 01890-3241 | MA | 2012-08 | $933,144 |
9 | Tugg Corp | 890 Winter St Ste 320, Waltham, MA 02451-1493 | MA | 2009-12 | $850,401 |
10 | Caring Partners Inc, Coats For Kids | 500 Clark Road, Tewksbury, MA 01876 | MA | 2009-12 | $658,448 |
11 | Claddagh Fund Charities Inc | 82 Broad St, Boston, MA 02110-3503 | MA | 2010-10 | $497,055 |
12 | Social Venture Partners Boston | 11 Concord St, Charlestown, MA 02129-2524 | MA | 2012-04 | $426,183 |
13 | Mccourt Foundation Inc | 300 Congress St, Quincy, MA 02169 | MA | 2011-02 | $393,077 |
14 | Boston Rising Inc | 537 Main Street Ste 12, Harwich Port, MA 02646-1894 | MA | 2009-11 | $384,086 |
15 | Massachusetts Technology Leadership Council Education Foundation Inc | 20 Mall Rd Ste 151, Burlington, MA 01803-4128 | MA | 1997-12 | $362,924 |
16 | Tech Foundation Inc | 30 Brattle St Ste 3, Cambridge, MA 02138-3727 | MA | 2001-02 | $300,000 |
17 | Excel Academy East Boston Realty Corporation | 58 Moore St, East Boston, MA 02128-1548 | MA | 2011-08 | $229,961 |
18 | Friends Of Imbuto Foundation Usa Inc | One Liberty Square, Boston, MA 02109-4825 | MA | 2014-03 | $200,011 |
19 | Millbury Lions Foundation Inc | 5 Gover Road, Millbury, MA 01527 | MA | 2012-01 | $184,713 |
20 | Charity Partners Foundation Inc | 177 Huntington Ave Suite 2000, Boston, MA 02115 | MA | 2009-09 | $177,810 |
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Total | 13,855 |
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