Foundation 51 in Cumberland, Maine (ME)
Table of contents:
| Foundation 51 | |
| Employer Identification Number (EIN) | 010517536 |
| Name of Organization | Foundation 51 |
| In Care of Name | Maryellen Fitzpatrick Steering |
| Address | PO BOX 545, Cumberland, ME 04021-0545 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 06/1998 |
| 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 | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (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 |
Non-representatives - add comments:
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% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| 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 | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| 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 | |||
| 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 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 supported | 0 |
| 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 | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Shippensburg University Student Services Inc | 1871 Old Main Drive Cub 204, Shippensburg, PA 17257-2200 | PA | 2003-07 | $12,333,063 |
| 2 | Youth Guidance | 1 N La Salle St Ste 900, Chicago, IL 60602-3900 | IL | 2003-08 | $11,939,501 |
| 3 | Mansfield Auxiliary Corporation | 119 Pinecrest Manor, Mansfield, PA 16933 | PA | 2009-10 | $7,855,200 |
| 4 | Complete College America Inc | 1002 N 1st St, Vincennes, IN 47591-1504 | IN | 2009-06 | $4,721,709 |
| 5 | The New Common School Foundation | 6861 E Nevada, Detroit, MI 48234-2968 | MI | 1997-05 | $4,705,692 |
| 6 | Lock Haven University Student Auxiliary Services Inc | 401 N Fairview St, Lock Haven, PA 17745-2342 | PA | 2012-03 | $4,547,207 |
| 7 | Santos Manuel Student Union Of Ca State Univ San Bernardino | 5500 University Pkwy, Sn Bernrdno, CA 92407-2318 | CA | 2014-09 | $4,364,793 |
| 8 | Bangor Region Community Council | 20 South St, Bangor, ME 04401-6444 | ME | 2002-08 | $138,112 |
| 9 | University Of Maine, Association Of Graduate Students | Univ Of Me 5775 Stodder Hall, Orono, ME 04469-0001 | ME | 1976-01 | $125,157 |
| 10 | 4-H Clubs & Affiliated 4-H Organizations, Pine Tree State 4-H Club Foundation | 5717 Corbett Hall, Orono, ME 04469-5717 | ME | 1965-04 | $114,393 |
| 11 | Bryant Pond Learning Center | PO BOX 188, Bryant Pond, ME 04219-0188 | ME | 2008-04 | $112,288 |
| 12 | Foundation 51 | PO BOX 545, Cumberland, ME 04021-0545 | ME | 1998-06 | $64,532 |
| 13 | Loring Job Corps Center Student Government Association | 36 Montana Rd Ste 120a, Limestone, ME 04750-6107 | ME | 2013-04 | $30,563 |
| 14 | Penobscot Job Corps Academy-Student Government Association | 1375 Union Street, Bangor, ME 04401 | ME | 2014-05 | $11,040 |
| 15 | Tanglewood Camp And Learning Center | 1 Tanglewood Rd, Lincolnville, ME 04849-5213 | ME | 2002-04 | $8,473 |
| 16 | Hacktivate | PO BOX 1774, Bangor, ME 04402-1774 | ME | 2014-09 | $0 |
| 17 | Magis Institute | 2 Custom House Wharf Suite 305, Portland, ME 04101 | ME | 2001-11 | $0 |
| 18 | National Educational Diversity Students Of America Organization | 109 Marion Dr Apt 306, Van Buren, ME 04785-1267 | ME | 2003-04 | $0 |
| 19 | Ocean Classroom | 58 Fore St, Portland, ME 04101-4842 | ME | 2015-04 | $0 |
| 20 | Students Learning Arts & Technology Endowment | 135 Main St, Fairfield, ME 04937 | ME | 1995-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,851 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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