Promys Foundation in Boston, Massachusetts (MA)
Table of contents:
Promys Foundation | |
Employer Identification Number (EIN) | 452917981 |
Name of Organization | Promys Foundation |
In Care of Name | Glenn Stevens |
Address | Po Box 15502, Boston, MA 02215 |
Website | http://www.promysfoundation.org |
Subsection | Charitable Organization, Educational Organization |
Ruling Date | 09/2011 |
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 | 2012 |
Assets | $100,000 to $499,999 |
Income | $100,000 to $499,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $174,038 |
Amount of Income | $162,506 |
Form 990 Revenue Amount | $162,506 |
National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Student Services, Organizations of Students |
Non-representatives - add comments:
Amount of income in 2012: $162,506 (it was $162,506 in 2013)
This organization: | $162,506 |
Other organizations performing similar types of work: | $85,334 |
Assets in 2012: $174,038 (it was $174,038 in 2013)
Promys Foundation: | $174,038 |
Other organizations performing similar types of work: | $44,771 |
Expenses in 2013: $13,176
This organization: | $13,176 |
Other organizations performing similar types of work: | $64,634 |
Income to expenses ratio in 2013: 12.3
Promys Foundation: | 12.3 |
Other organizations performing similar types of work: | 0.8 |
Grants share in income in 2013: 100.0%
Promys Foundation: | 100.0% |
Other organizations performing similar types of work: | 0.0% |
Revenue, Expenses, and Changes in Net Assets or Fund Balances | |
2013 | |
---|---|
Total revenue | $162,506 |
Contributions, gifts, grants, and similar amounts received | $162,506 |
Program service revenue including government fees and contracts | $0 |
Membership dues and assessments | $0 |
Investment income | $0 |
Gain/Loss from sale of assets other than inventory | $0 |
Net income/loss from gaming and fundraising events | $0 |
Gross profit/loss from sales of inventory | $0 |
Other revenue | $0 |
Total expenses | $13,176 |
Total net assets | $174,038 |
Excess/Deficit for the year | $149,330 |
Net assets or fund balances at beginning of year | $24,708 |
Other changes in net assets or fund balances | $0 |
Net assets or fund balances at end of year | $174,038 |
Balance Sheets | |
2013 | |
---|---|
Total assets | $174,038 |
Total liabilities | $0 |
Net assets or fund balances | $174,038 |
Other Information | |
2013 | |
---|---|
Did the organization engage in any significant activity not previously reported to the IRS? | No |
Were any significant changes made to the organizing or governing documents? | No |
Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
Has the organization filed a Form 990-T for the year? | No |
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No |
Amount of political expenditures, direct or indirect | $0 |
Did the organization file Form 1120-POL for this year? | 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 |
Total amount involved | $0 |
Initiation fees and capital contributions | $0 |
Gross receipts for public use of club facilities | $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 |
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | 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 | $62,055 |
Subtotal Support | $192,750 |
Gifts, grants, contributions, and membership fees received | $192,750 |
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 | $130,695 |
Total Support | $192,750 |
Public Support | $192,750 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
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. | $0 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Student Clubs Of Hbs Inc | Soldiers Field Rd Ste Teele 281, Boston, MA 02163 | MA | 2003-07 | $2,702,738 |
2 | The Possible Project Inc | 955 Massachusetts Avenue, Cambridge, MA 02139-3233 | MA | 2010-11 | $1,284,161 |
3 | Young Peoples Project Inc | 99 Bishop Allen Dr, Cambridge, MA 02139-3428 | MA | 2001-05 | $1,133,385 |
4 | Strategies For Children Inc | 400 Atlantic Ave, Boston, MA 02110-3331 | MA | 2001-06 | $846,914 |
5 | Project Hip-Hop Inc | 2181 Washington St Ste 315, Roxbury, MA 02119-2082 | MA | 2012-05 | $198,769 |
6 | Promys Foundation | Po Box 15502, Boston, MA 02215 | MA | 2011-09 | $162,506 |
7 | Scituate Corse Foundation | PO BOX 512, N Scituate, MA 02060-0512 | MA | 2006-10 | $158,999 |
8 | Voyagers Incorporated | 530 Main St, Acton, MA 01720-3301 | MA | 2001-11 | $122,040 |
9 | Student Athletes Rising Inc | 8 Culbert Street, Mattapan, MA 02126 | MA | 2015-03 | $102,357 |
10 | Swampscott Youth Soccer Association | 50 Dennison Ave, Swampscott, MA 01907-1422 | MA | 2012-12 | $96,650 |
11 | Stride Inc | PO BOX 391146, Cambridge, MA 02139-0012 | MA | 2013-03 | $91,899 |
12 | The Reverend Joseph W Garafalo Scholarship Fund Inc | 2 Saybrook Rd, Worcester, MA 01604-2725 | MA | 1992-11 | $72,686 |
13 | Harvard Model Congress Dubai | PO BOX 380542, Cambridge, MA 02238-0542 | MA | 2013-08 | $55,950 |
14 | Waltham Choral Parents Association Inc | 240 Robbins St, Waltham, MA 02453-5861 | MA | 1997-10 | $43,557 |
15 | Scituate High School Football Andcheerleading Boosters | PO BOX 815, Scituate, MA 02066-0815 | MA | 2008-03 | $27,433 |
16 | Cultureleap Inc, Wahec | 210 Park Avenue No 222, Worcester, MA 01609-2246 | MA | 2005-12 | $20,052 |
17 | Northborough Education Foundation Inc | Po Box 1094, Northborough, MA 01532 | MA | 1999-03 | $11,652 |
18 | North Shore Baseball Umpires Association | Po Box 469, Salem, MA 01970 | MA | 2013-05 | $9,810 |
19 | Ethiopian Children Educational Development Inc | 165 Pleasent St Unit 308, Cambridge, MA 02139 | MA | 2011-02 | $7,383 |
20 | Alumnae Association Of The Harriet E Richards Cooperative House Of | 191 Bay State Road, Boston, MA 02215 | MA | 2014-11 | $2,806 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 2,851 |
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