Allegany County Public Schools Foundation Inc in Cumberland, Maryland (MD)
Table of contents:
| Allegany County Public Schools Foundation Inc | |
| Employer Identification Number (EIN) | 522226322 |
| Name of Organization | Allegany County Public Schools Foundation Inc |
| In Care of Name | Patrick J Mcwirter |
| Address | 108 Washington St, Cumberland, MD 21502-2931 |
| Subsection | Charitable Organization |
| Ruling Date | 01/2004 |
| 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 | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $236,784 |
| Amount of Income | $296,119 |
| Form 990 Revenue Amount | $123,708 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2014: $296,119 (it was $63,091 in 2013)
| This organization: | $296,119 |
| Other organizations performing similar types of work: | $69,198 |
Assets in 2014: $236,784 (it was $148,144 in 2013)
| This organization: | $236,784 |
| Other organizations performing similar types of work: | $35,127 |
Expenses in 2013: $28,623
| Allegany County Public Schools Foundation Inc: | $28,623 |
| Other organizations performing similar types of work: | $43,494 |
Income to expenses ratio in 2013: 10.3
| Allegany County Public Schools Foundation Inc: | 10.3 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 86.2%
| Allegany County Public Schools Foundation Inc: | 86.2% |
| Other organizations performing similar types of work: | 4.5% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $141,529 | $135,688 | $63,091 |
| Contributions, gifts, grants, and similar amounts received | $138,836 | $120,232 | $54,375 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $1,070 | $1,224 | $3,218 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $-242 |
| Gross amount from sale of assets other than inventory | $0 | $0 | $29,054 |
| Less: cost or other basis and sales expenses | $0 | $0 | $29,296 |
| Net income/loss from gaming and fundraising events | $1,622 | $14,231 | $5,739 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $1,642 | $43,252 | $74,287 |
| Less: direct expenses from gaming and fundraising events | $20 | $29,021 | $68,547 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $273,985 | $96,883 | $28,623 |
| Total net assets | $70,282 | $109,087 | $143,554 |
| Excess/Deficit for the year | $-132,455 | $38,804 | $34,467 |
| Net assets or fund balances at beginning of year | $202,737 | $70,283 | $109,087 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $109,087 | $143,554 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $70,282 | $119,554 | $148,144 |
| Total liabilities | $0 | $10,467 | $4,590 |
| Net assets or fund balances | $70,282 | $109,087 | $143,554 |
| 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 | $826,201 |
| Subtotal | $923,988 |
| Gifts, grants, contributions, and membership fees received | $697,018 |
| 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 | $226,969 |
| 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 | $97,786 |
| 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 | $97,786 |
| Total support | $941,787 |
| Public support | $923,988 |
| Subtotal | $17,799 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $17,799 |
| 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 | Ravenwood High School Quarterback Club | 1724 Wilson Pike, Brentwood, TN 37027-8105 | TN | 2007-02 | $99,991 |
| 2 | Slocomb Band Boosters Inc | PO BOX 376, Slocomb, AL 36375-0376 | AL | 2006-12 | $54,892 |
| 3 | Foundation For The Baltimore Leadership School For Young Women | 128 W Franklin St, Baltimore, MD 21201-4504 | MD | 2008-10 | $4,803,852 |
| 4 | Glenelg Marching Unit Boosters Inc | 14025 Burntwoods Rd, Glenelg, MD 21737-9718 | MD | 2011-12 | $411,105 |
| 5 | Tuscarora High School Athletic Boostersinc | 5367 Partners Ct, Frederick, MD 21703-8349 | MD | 2003-10 | $288,013 |
| 6 | Wchs Booster Club Inc | 11300 Gainsborough Rd, Potomac, MD 20854-3700 | MD | 2007-08 | $261,949 |
| 7 | City Neighbors Foundation Inc | 4301 Raspe Ave, Baltimore, MD 21206-1913 | MD | 2013-08 | $236,791 |
| 8 | Towson High School Music Boosters Inc | 69 Cedar Ave, Towson, MD 21286-7899 | MD | 2010-07 | $219,278 |
| 9 | Excellence In Education Foundation For Pgcps Inc | 14201 School Ln, Uppr Marlboro, MD 20772-2866 | MD | 2012-09 | $213,735 |
| 10 | Bethesda-Chevy Chase High School Boosters Foundation Inc | 4301 East West Hwy, Bethesda, MD 20814-4420 | MD | 2010-11 | $182,373 |
| 11 | Wootton Booster Club Inc | 2100 Wootton Pkwy, Rockville, MD 20850-3037 | MD | 2015-03 | $133,739 |
| 12 | Salisbury School Educational Foundation Inc, The Salisbury School Educational Foundation Tssef | 3538 Saint Lukes Rd, Salisbury, MD 21804 | MD | 2011-09 | $129,951 |
| 13 | South River High School Sports Booster Club | 201 Central Ave E, Edgewater, MD 21037-2802 | MD | 2009-07 | $117,038 |
| 14 | Tuscarora High School Performing Arts Boosters | 5312 Ballenger Creek Pike, Frederick, MD 21703-7008 | MD | 2004-06 | $105,909 |
| 15 | Walt Whitman Drama Boosters Inc | 7100 Whittier Blvd, Bethesda, MD 20817-6170 | MD | 2013-11 | $93,269 |
| 16 | Worcester County Library Foundation | 307 North Washington St, Snow Hill, MD 21863 | MD | 2006-05 | $93,057 |
| 17 | Linganore High School Sports Boosters Inc | 12013 Old Annapolis Rd, Frederick, MD 21701-3423 | MD | 2011-05 | $89,607 |
| 18 | Mountain Ridge Band Parents Association Inc | PO BOX 593, Frostburg, MD 21532-0593 | MD | 2011-03 | $89,267 |
| 19 | Bond Mill Pto | 16001 Sherwood Ave, Laurel, MD 20707-5437 | MD | 2009-02 | $75,730 |
| 20 | Montgomery College Life Sciences Park Foundation Inc | 900 Hungerford Dr Ste 300, Rockville, MD 20850-1728 | MD | 2012-04 | $73,490 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 10,796 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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