Rotary Club Of Gloucester Foundation Inc in Gloucester, Massachusetts (MA)
Table of contents:
| Rotary Club Of Gloucester Foundation Inc | |
| Employer Identification Number (EIN) | 205122483 |
| Name of Organization | Rotary Club Of Gloucester Foundation Inc |
| In Care of Name | Jon R Morse |
| Address | PO BOX 1228, Gloucester, MA 01931-1228 |
| Subsection | Charitable Organization |
| Ruling Date | 10/2006 |
| 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 | 06/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $25,092 |
| Amount of Income | $39,814 |
| Form 990 Revenue Amount | $36,950 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2014: $39,814 (it was $14,290 in 2013)
| This organization: | $39,814 |
| Other organizations performing similar types of work: | $72,190 |
Assets in 2014: $25,092 (it was $17,878 in 2013)
| This organization: | $25,092 |
| Other organizations performing similar types of work: | $42,723 |
Expenses in 2013: $8,829
| This organization: | $8,829 |
| Other organizations performing similar types of work: | $42,209 |
Income to expenses ratio in 2013: 4.5
| This organization: | 4.5 |
| Other organizations performing similar types of work: | 0.4 |
Grants share in income in 2013: 99.4%
| Rotary Club Of Gloucester Foundation Inc: | 99.4% |
| Other organizations performing similar types of work: | 4.7% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $15,557 | $6,945 | $14,290 |
| Contributions, gifts, grants, and similar amounts received | $15,521 | $6,912 | $14,204 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $36 | $33 | $41 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $45 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $0 | $0 | $2,835 |
| Less: direct expenses from gaming and fundraising events | $0 | $0 | $2,790 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $11,345 | $5,183 | $8,829 |
| Total net assets | $10,655 | $12,417 | $17,878 |
| Excess/Deficit for the year | $4,212 | $1,762 | $5,461 |
| Net assets or fund balances at beginning of year | $6,443 | $10,655 | $12,417 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $12,417 | $17,878 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $10,655 | $12,417 | $17,878 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $10,655 | $12,417 | $17,878 |
| 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 | $77,856 |
| Subtotal | $77,856 |
| Gifts, grants, contributions, and membership fees received | $77,811 |
| 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 | $45 |
| 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 | $78,008 |
| Public support | $77,856 |
| Subtotal | $152 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $152 |
| 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 | Rotary International, South Hill Rotary Club | PO BOX 922, South Hill, VA 23970-0922 | VA | 2008-06 | $70,044 |
| 2 | The@joan And Leo Mahoney Family Foundatiohn, Mahoney Leo Ttee | 250 Westview Rd, Lowell, MA 01851-3436 | MA | 1999-08 | $1,003,934 |
| 3 | Amelia And Joshua Katzen Family Foundation Inc | 40 Nonantum St, Newton, MA 02458-2434 | MA | 2011-09 | $654,174 |
| 4 | Ripples Of Hope Inc | 132 Turnpike Road, Southborough, MA 01772 | MA | 2009-02 | $327,746 |
| 5 | Philanthropy Connection Inc | 4 Bond St, Cambridge, MA 02138-2308 | MA | 2012-09 | $303,573 |
| 6 | It Takes A Community Foundation Inc | PO BOX 1578, Greenfield, MA 01302-1578 | MA | 2010-07 | $270,301 |
| 7 | Vecna Cares Charitable Tr | 36 Cambridgepark Drive, Cambridge, MA 02140 | MA | 2009-03 | $216,693 |
| 8 | Small Army For A Cause Inc | 300 Massachusetts Ave Ste 2, Boston, MA 02115-4544 | MA | 2009-04 | $144,877 |
| 9 | Tripp Memorial Foundation Inc | 16 School St, Shelburne Fls, MA 01370-1310 | MA | 2001-10 | $133,775 |
| 10 | The Rachel Molly Markoff Foundation, Markoff Gary M Ttee | 33 Chestnut St, Wellesley, MA 02481-3005 | MA | 2000-06 | $94,906 |
| 11 | Winchester Neighbors Club | Po Box 814, Winchester, MA 01890 | MA | 2008-06 | $93,169 |
| 12 | Upton Mens Club Inc | PO BOX 93, Upton, MA 01568-0093 | MA | 1999-01 | $91,999 |
| 13 | Green School Bali Inc | One International Pl Ste 14th Fl, Boston, MA 02110-2602 | MA | 2008-06 | $86,001 |
| 14 | Stobart Foundation | 10 Colonial Road, Salem, MA 01970-2943 | MA | 1989-09 | $79,792 |
| 15 | Nancy Williams Memorial Foundation | PO BOX 285, Scituate, MA 02066-0285 | MA | 2012-04 | $63,702 |
| 16 | Spero | 111 Inman Street Unit A, Cambridge, MA 02139-1207 | MA | 2006-05 | $63,132 |
| 17 | Donation Angel Inc | 30 Summer Street, Lunenburg, MA 01462 | MA | 2013-05 | $47,796 |
| 18 | Rotary Club Of Gloucester Foundation Inc | PO BOX 1228, Gloucester, MA 01931-1228 | MA | 2006-10 | $39,814 |
| 19 | Peloton Foundation Inc | 2 International Pl Fl 5, Boston, MA 02110-4105 | MA | 2014-08 | $38,080 |
| 20 | Joppa Flats Running Club Inc | PO BOX 502, Newburyport, MA 01950-0602 | MA | 2012-12 | $37,342 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,544 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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