Maryland Preakness Celebration Inc in Baltimore, Maryland (MD)

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Maryland Preakness Celebration Inc
Employer Identification Number (EIN)521104767
Name of OrganizationMaryland Preakness Celebration Inc
In Care of NameMark Friedman
Address6225 Smith Ave, Baltimore, MD 21209-3626
ActivitiesCommemorative event (centennial, festival, pageant, etc.)
SubsectionCharitable Organization
Ruling Date01/2006
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$1 to $9,999
Income$1 to $9,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$4,888
Amount of Income$1,725
Form 990 Revenue Amount$1,725
National Taxonomy of Exempt Entities (NTEE)Public, Society Benefit - Multipurpose and Other: Government and Public Administration


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Amount of income in 2014: $1,725 (it was $1,000 in 2013)
This organization: 

 $1,725
Other organizations performing similar types of work: 

 $2,141,281

Assets in 2014: $4,888 (it was $4,520 in 2013)
This organization: 

 $4,888
Other organizations performing similar types of work: 

 $2,197,002

Expenses in 2013: $1,330
This organization: 

 $1,330
Other organizations performing similar types of work: 

 $2,035,304

Income to expenses ratio in 2013: 1.3
This organization: 

 1.3
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 80.2%

Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$0$3,800$1,000
Contributions, gifts, grants, and similar amounts received$0$0$0
Program service revenue including government fees and contracts$0$3,800$1,000
Membership dues and assessments$0$0$0
Investment income$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$3,036$3,130$1,330
Total net assets$-37,677$-37,007$-37,337
Excess/Deficit for the year$-3,036$670$-330
Net assets or fund balances at beginning of year$-34,641$-37,677$-37,007
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$-37,337
Balance Sheets
201120122013
Total assets$23,173$39,825$4,520
Total liabilities$60,850$76,832$41,857
Net assets or fund balances$-37,677$-37,007$-37,337
Other Information
201120122013
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 activitiesNoNoNo
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$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
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 supported0
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$56,827
Subtotal Support$56,827
Gifts, grants, contributions, and membership fees received$56,827
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$0
Total Support$56,827
Public Support$56,827
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
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$0$0$0
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$0
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$0
Unrelated business taxable income before net operating loss deduction$0
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$0
Specific deduction$1,000
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1Island Peer Review Organization Inc1979 Marcus Ave, Lake Success, NY 11042-1076NY1984-08$61,100,920
2Metropolitan Washington Council Of Governments777 North Capitol St Ne, Washington, DC 20002-4239DC1968-01$46,386,225
3Cato Institute1000 Massachusetts Ave Nw, Washington, DC 20001-5401DC1975-03$29,121,823
4Maricopa Association Of Governments302 N 1st Ave Ste 300, Phoenix, AZ 85003-1562AZ1972-01$21,652,558
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6Virginia Public Access ProjectPO BOX 1472, Richmond, VA 23218-1472VA1997-09$450,141
7Providence Tourism Fund60 Don Avenue, Rumford, RI 02916RI2009-03$57,500
8Virginians For Integrity In Government Inc, Virginians For Integrity In Governm1001 E Broad Street, Richmond, VA 23219VA1995-11$22,053
9Maryland Preakness Celebration Inc6225 Smith Ave, Baltimore, MD 21209-3626MD2006-01$1,725
10Texas Foundation For The Improvement Of Local Government1821 Rutherford Ln Ste 400, Austin, TX 78754-5128TX1983-12$584
11Californians To Protect The Open Primary6380 Wilshire Blvd 1612, Los Angeles, CA 90048CA2003-12$0
12Federal Home Loan Bank Of Des Moines801 Walnut St Ste 200, Des Moines, IA 50309-3610IA2010-01$0
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18Northwest Wisconsin Workforce Investment Board Inc, NwwibPo Box 616, Ashland, WI 54806WI2001-11$0
19Tangible Ballot Initiative Inc, Tbi1450 Grant Ave Ste 205, Navato, CA 94945-3142CA2009-03$0
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Number of organizations performing similar types of work
Arizona2
California8
Colorado3
District of Columbia6
Delaware1
Florida1
Iowa2
Indiana2
Massachusetts1
Maryland1
Maine1
Minnesota2
Missouri2
North Carolina4
New Jersey1
New York3
Ohio1
Pennsylvania1
Rhode Island2
Texas2
Virginia4
Wisconsin1
West Virginia1
Wyoming1
Total53

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