Financial & Life Literacy For Youth Inc in Potomac, Maryland (MD)
Table of contents:
| Financial & Life Literacy For Youth Inc | |
| Employer Identification Number (EIN) | 461303402 |
| Name of Organization | Financial & Life Literacy For Youth Inc |
| In Care of Name | Alisa T Weinstein |
| Address | 12115 Gatewater Dr, Potomac, MD 20854-2874 |
| Subsection | Educational Organization, Charitable Organization |
| Ruling Date | 05/2014 |
| 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 | $1 to $9,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $5,693 |
| Amount of Income | $13,265 |
| Form 990 Revenue Amount | $13,265 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Financial Counseling, Money Management |
Non-representatives - add comments:
Amount of income in 2013: $13,265
| This organization: | $13,265 |
| Other organizations performing similar types of work: | $156,466 |
Assets in 2013: $5,693
| This organization: | $5,693 |
| Other organizations performing similar types of work: | $45,042 |
Expenses in 2013: $9,873
| This organization: | $9,873 |
| Other organizations performing similar types of work: | $135,428 |
Income to expenses ratio in 2013: 1.3
| This organization: | 1.3 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2013: 100.0%
| Financial & Life Literacy For Youth Inc: | 100.0% |
| Other organizations performing similar types of work: | 90.6% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |
| 2013 | |
|---|---|
| Total revenue | $13,265 |
| Contributions, gifts, grants, and similar amounts received | $13,265 |
| 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 | $9,873 |
| Total net assets | $2,693 |
| Excess/Deficit for the year | $3,392 |
| Net assets or fund balances at beginning of year | $-699 |
| Other changes in net assets or fund balances | $0 |
| Net assets or fund balances at end of year | $2,693 |
| Balance Sheets | |
| 2013 | |
|---|---|
| Total assets | $5,693 |
| Total liabilities | $3,000 |
| Net assets or fund balances | $2,693 |
| 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: (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 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Housing Options & Planning Enterprises Inc, Hope | 6192 Oxon Hill Road Suite 405, Oxon Hill, MD 20745 | MD | 2006-09 | $556,738 |
| 2 | Asian-American Homeownership Counseling Inc | 12320 Parklawn Dr, Rockville, MD 20852-1726 | MD | 2010-10 | $312,647 |
| 3 | We Are Family Community Development Corporation | 8615 Church Lane, Randallstown, MD 21133 | MD | 2008-05 | $243,299 |
| 4 | Shina Inc, Dba Helping The Most Vulnerable | 6495 New Hampshire Avenue, Hyattsville, MD 20783-3245 | MD | 2006-01 | $207,775 |
| 5 | The Katie Able Foundation Inc | 9701 Apollo Dr Ste 493, Largo, MD 20774-4798 | MD | 2010-06 | $121,685 |
| 6 | Strategic Solutions Network Inc | 14021 Gadsen Ct Ste Bmt, Upper Marlboro, MD 20774-8512 | MD | 2006-07 | $58,320 |
| 7 | Moneywise Foundation, Kelvin E Boston Ttee | PO BOX 38571, Baltimore, MD 21231-8571 | MD | 2012-07 | $43,050 |
| 8 | Assets For Financial Independence Foundation | 1282 Smallwood Drive West 355, Waldorf, MD 20603 | MD | 2012-07 | $13,464 |
| 9 | Financial & Life Literacy For Youth Inc | 12115 Gatewater Dr, Potomac, MD 20854-2874 | MD | 2014-05 | $13,265 |
| 10 | Global Institute For Thriving Societies Gifts Inc | 4423 Lehigh Rd Ste 161, College Park, MD 20740-3127 | MD | 2014-04 | $1,500 |
| 11 | Sonshine Financial Ministries Inc | 1876 Lamonte Ave, Odenton, MD 21113 | MD | 2004-12 | $1 |
| 12 | Be Smart Project Inc | Po Box 31768, Baltimore, MD 21207 | MD | 2012-08 | $0 |
| 13 | Capital Finance Branch Inc | Po Box 245, Upper Marlboro, MD 20773 | MD | 2007-10 | $0 |
| 14 | Christian Financial Stewardship Counseling Ministries Inc | 1202 Bridge Crossing J, Baltimore, MD 21221 | MD | 2002-01 | $0 |
| 15 | Cm Educational Program Services Inc | 4802 Moss Place, Suitland, MD 20746 | MD | 2009-07 | $0 |
| 16 | Debt Solutions Credit Management Service | 5938 Addison Rd, Seat Pleasant, MD 20743-2144 | MD | 1998-09 | $0 |
| 17 | Financial Education & Empowerment Development, F E E D | 2905 Mitchellville Rd Ste 207, Bowie, MD 20716-3962 | MD | 2014-12 | $0 |
| 18 | Financial Empowerment Movement Inc | 6803 Brookmill Rd, Baltimore, MD 21215 | MD | 2012-03 | $0 |
| 19 | Financial Independence Group Of America Inc | 4423 Lehigh Road Suite 245, College Park, MD 20740 | MD | 2007-12 | $0 |
| 20 | First Combined Community Foundation Inc | 10666 Campus Way S, Uppr Marlboro, MD 20774-1307 | MD | 2004-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,240 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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