Michaels Fund in Fall River, Massachusetts (MA)
Table of contents:
| Michaels Fund | |
| Employer Identification Number (EIN) | 043314675 |
| Name of Organization | Michaels Fund |
| In Care of Name | Jm Clinical Trails Inc |
| Address | 966 Walnut St, Fall River, MA 02720-5334 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Educational Organization |
| Ruling Date | 11/1998 |
| 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 | 12/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $158,835 |
| Amount of Income | $79,497 |
| Form 990 Revenue Amount | $63,872 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2014: $79,497 (it was $43,591 in 2013)
| This organization: | $79,497 |
| Other organizations performing similar types of work: | $120,160 |
Assets in 2014: $158,835 (it was $163,412 in 2013)
| Michaels Fund: | $158,835 |
| Other organizations performing similar types of work: | $450,518 |
Expenses in 2013: $54,878
| This organization: | $54,878 |
| Other organizations performing similar types of work: | $61,287 |
Income to expenses ratio in 2013: 1.4
| This organization: | 1.4 |
| Other organizations performing similar types of work: | 7.3 |
Grants share in income in 2013: 68.5%
| This organization: | 68.5% |
| Other organizations performing similar types of work: | 8.9% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $63,248 | $90,145 | $43,591 |
| Contributions, gifts, grants, and similar amounts received | $11,650 | $37,507 | $29,849 |
| Program service revenue including government fees and contracts | $50,343 | $51,754 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $1,255 | $884 | $695 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $13,047 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $0 | $0 | $30,222 |
| Less: direct expenses from gaming and fundraising events | $0 | $0 | $17,175 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $78,874 | $88,081 | $54,878 |
| Total net assets | $172,635 | $174,699 | $163,412 |
| Excess/Deficit for the year | $-15,626 | $2,064 | $-11,287 |
| Net assets or fund balances at beginning of year | $188,261 | $172,635 | $174,699 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $174,699 | $163,412 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $172,635 | $174,699 | $163,412 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $172,635 | $174,699 | $163,412 |
| 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 | $344,979 |
| Subtotal | $344,979 |
| Gifts, grants, contributions, and membership fees received | $100,845 |
| 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 | $244,134 |
| 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 | $354,064 |
| Public support | $344,979 |
| Subtotal | $9,085 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $9,085 |
| 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 | Towards Sustainability Foundation | 265 Franklin St, Boston, MA 02110-3113 | MA | 1998-08 | $4,169,915 |
| 2 | Trefler Foundation, Trefler Alan & Pamela Ttee | 233 Needham St Ste 420, Newton, MA 02464-1573 | MA | 1997-10 | $3,328,940 |
| 3 | Straetz Foundation Inc | 69 Cricket Dr, Sturbridge, MA 01566-1029 | MA | 1997-09 | $1,329,372 |
| 4 | The George Seymour Bissell Charitable Foundation | 128 Suffolk Rd, Wellesley, MA 02481-1235 | MA | 1995-05 | $1,280,672 |
| 5 | The Scrooby Foundation | 225 Franklin St Ma1-225-04-02, Boston, MA 02110-2804 | MA | 1995-07 | $1,239,399 |
| 6 | The@daniel F And Margaret Macadam Loughry Charitable Foundation, Vinciullo Marguerite M Ttee | 77 Southfield Dr, Brockton, MA 02302-4149 | MA | 1997-08 | $789,612 |
| 7 | William And Jacqueline Shaw Fam Foundation Inc | 215 Sandy Pond Rd, Lincoln, MA 01773-1802 | MA | 1998-06 | $754,460 |
| 8 | The@michael And Vincenza Vinciullo Charitable Foundation, Vinciullo Salvatore A Ttee | 175 Bedford St Ste 5, Lexington, MA 02420-4481 | MA | 1997-08 | $675,953 |
| 9 | Running Deer Foundation | 790 Boylston St Apt 23h, Boston, MA 02199-7923 | MA | 1998-04 | $600,470 |
| 10 | The@neil L Thompson Family Foundation Inc | 155 Chestnut Hill Rd, Chestnut Hill, MA 02467-1311 | MA | 1997-09 | $285,106 |
| 11 | The Faye H Deane Scholarship Fund C/O Thomas A Maddigan | PO BOX 382, Woods Hole, MA 02543-0382 | MA | 1998-03 | $245,630 |
| 12 | St Louis Endowment Fund Inc | 15 Lake St, Webster, MA 01570-2605 | MA | 1990-11 | $231,851 |
| 13 | The Albright Foundation, Albright Nile & Martina Ttee | 282 D Newton Street, Brookline, MA 02445-7427 | MA | 1998-11 | $210,839 |
| 14 | Rowe Fam Char Tr, Rowe Patricia T Ttee | 100 Nonantum St, Newton, MA 02458-2444 | MA | 1998-11 | $196,022 |
| 15 | The@alfred & Jeanne A M Contarino Charitable Foundation, Contarino Alfred F Ttee | 98 Valley Rd, Boxford, MA 01921-1331 | MA | 1998-05 | $131,534 |
| 16 | Schechter Foundation, Schechter David Ttee | 60 Kensington Cir, Chestnut Hill, MA 02467-2624 | MA | 1998-12 | $114,775 |
| 17 | William R And Ruth D Cuming Char Foundation, Steffensen John E Et Al Ttee | C/O Jon E Steffensen 45 School, Boston, MA 02108 | MA | 1998-07 | $96,045 |
| 18 | Russells Garden Center Charitable Foundation Inc | 397 Boston Post Rd, Wayland, MA 01778-1802 | MA | 1997-10 | $95,383 |
| 19 | Shirley Charitable Foundation Inc | PO BOX 1277, Shirley, MA 01464-1277 | MA | 1998-07 | $86,045 |
| 20 | The Max Bearon Charitable Trust | One Post Office Square, Boston, MA 02109-2106 | MA | 1995-06 | $51,542 |
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| Total | 5,225 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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