Foundation 51 in Cumberland, Maine (ME)

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Foundation 51
Employer Identification Number (EIN)010517536
Name of OrganizationFoundation 51
In Care of NameMaryellen Fitzpatrick Steering
AddressPO BOX 545, Cumberland, ME 04021-0545
ActivitiesDescribed in section 170(b)1)(a)(vi) of the Code, Gifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date06/1998
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 Period12/2013
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$214,893
Amount of Income$64,532
Form 990 Revenue Amount$35,553
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Student Services, Organizations of Students


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Amount of income in 2013: $64,532 (it was $2,281 in 2012)
This organization: 

 $64,532
Other organizations performing similar types of work: 

 $85,334

Assets in 2013: $214,893 (it was $195,482 in 2012)
Foundation 51: 

 $214,893
Other organizations performing similar types of work: 

 $44,771

Expenses in 2013: $42,994
Foundation 51: 

 $42,994
Other organizations performing similar types of work: 

 $64,634

Income to expenses ratio in 2013: 1.5
Foundation 51: 

 1.5
Other organizations performing similar types of work: 

 0.8

Grants share in income in 2013: 20.5%
This organization: 

 20.5%
Other organizations performing similar types of work: 

 0.0%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$26,426$2,281$35,553
Contributions, gifts, grants, and similar amounts received$580$1,068$7,292
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$854$1,213$1,892
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$24,992$0$26,369
Gross income from gaming$0$0$0
Gross income from fundraising events$44,247$0$55,348
Less: direct expenses from gaming and fundraising events$19,255$0$28,979
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$32,269$26,705$42,994
Total net assets$199,524$195,482$214,893
Excess/Deficit for the year$-5,843$-24,424$-7,441
Net assets or fund balances at beginning of year$207,737$199,524$195,482
Other changes in net assets or fund balances$-2,370$20,382$26,852
Net assets or fund balances at end of year$195,482$214,893
Balance Sheets
201120122013
Total assets$199,524$195,482$214,893
Total liabilities$0$0$0
Net assets or fund balances$199,524$195,482$214,893
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
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?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
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$13,262
Subtotal Support$13,262
Gifts, grants, contributions, and membership fees received$13,262
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$20,804
Public Support$13,262
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$7,542
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
IdNameAddressStateEstablishedTotal Income
1Shippensburg University Student Services Inc1871 Old Main Drive Cub 204, Shippensburg, PA 17257-2200PA2003-07$12,333,063
2Youth Guidance1 N La Salle St Ste 900, Chicago, IL 60602-3900IL2003-08$11,939,501
3Mansfield Auxiliary Corporation119 Pinecrest Manor, Mansfield, PA 16933PA2009-10$7,855,200
4Complete College America Inc1002 N 1st St, Vincennes, IN 47591-1504IN2009-06$4,721,709
5The New Common School Foundation6861 E Nevada, Detroit, MI 48234-2968MI1997-05$4,705,692
6Lock Haven University Student Auxiliary Services Inc401 N Fairview St, Lock Haven, PA 17745-2342PA2012-03$4,547,207
7Santos Manuel Student Union Of Ca State Univ San Bernardino5500 University Pkwy, Sn Bernrdno, CA 92407-2318CA2014-09$4,364,793
8Bangor Region Community Council20 South St, Bangor, ME 04401-6444ME2002-08$138,112
9University Of Maine, Association Of Graduate StudentsUniv Of Me 5775 Stodder Hall, Orono, ME 04469-0001ME1976-01$125,157
104-H Clubs & Affiliated 4-H Organizations, Pine Tree State 4-H Club Foundation5717 Corbett Hall, Orono, ME 04469-5717ME1965-04$114,393
11Bryant Pond Learning CenterPO BOX 188, Bryant Pond, ME 04219-0188ME2008-04$112,288
12Foundation 51PO BOX 545, Cumberland, ME 04021-0545ME1998-06$64,532
13Loring Job Corps Center Student Government Association36 Montana Rd Ste 120a, Limestone, ME 04750-6107ME2013-04$30,563
14Penobscot Job Corps Academy-Student Government Association1375 Union Street, Bangor, ME 04401ME2014-05$11,040
15Tanglewood Camp And Learning Center1 Tanglewood Rd, Lincolnville, ME 04849-5213ME2002-04$8,473
16HacktivatePO BOX 1774, Bangor, ME 04402-1774ME2014-09$0
17Magis Institute2 Custom House Wharf Suite 305, Portland, ME 04101ME2001-11$0
18National Educational Diversity Students Of America Organization109 Marion Dr Apt 306, Van Buren, ME 04785-1267ME2003-04$0
19Ocean Classroom58 Fore St, Portland, ME 04101-4842ME2015-04$0
20Students Learning Arts & Technology Endowment135 Main St, Fairfield, ME 04937ME1995-10$0
Number of organizations performing similar types of work
Alaska4
Alabama44
Arkansas18
Arizona44
California358
Colorado52
Connecticut46
District of Columbia29
Delaware21
Florida143
Georgia124
Hawaii17
Iowa22
Idaho11
Illinois90
Indiana58
Kansas26
Kentucky31
Louisiana43
Massachusetts82
Maryland77
Maine13
Michigan95
Minnesota60
Missouri50
Mississippi23
Montana12
North Carolina88
North Dakota4
Nebraska16
New Hampshire11
New Jersey83
New Mexico21
Nevada25
New York181
Ohio85
Oklahoma30
Oregon31
Pennsylvania101
Rhode Island14
South Carolina39
South Dakota7
Tennessee50
Texas232
Utah13
Virginia80
Vermont14
Washington63
Wisconsin47
West Virginia10
Wyoming8
International5
Total2,851

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