Great Works Foundation Inc in Sanford, Maine (ME)
Table of contents:
| Great Works Foundation Inc | |
| Employer Identification Number (EIN) | 453645945 |
| Name of Organization | Great Works Foundation Inc |
| Address | 52 Sanford, Sanford, ME 04073 |
| Subsection | Charitable Organization |
| Ruling Date | 05/2013 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $2,358 |
| Amount of Income | $31,516 |
| Form 990 Revenue Amount | $-2,676 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Vocational, Technical Schools |
Non-representatives - add comments:
Amount of income in 2013: $31,516 (it was $62,664 in 2012)
| This organization: | $31,516 |
| Other organizations performing similar types of work: | $180,438 |
Assets in 2013: $2,358 (it was $766 in 2012)
| This organization: | $2,358 |
| Other organizations performing similar types of work: | $100,732 |
Expenses in 2013: $5,332
| Great Works Foundation Inc: | $5,332 |
| Other organizations performing similar types of work: | $172,661 |
Income to expenses ratio in 2013: 5.9
| This organization: | 5.9 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2013: -22.4%
| This organization: | -22.4% |
| Other organizations performing similar types of work: | 47.2% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $2,416 | $-2,676 |
| Contributions, gifts, grants, and similar amounts received | $0 | $600 |
| Program service revenue including government fees and contracts | $0 | $0 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $2,416 | $-3,276 |
| Gross amount from sale of assets other than inventory | $62,664 | $30,916 |
| Less: cost or other basis and sales expenses | $60,248 | $34,192 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $0 | $0 |
| Total expenses | $2,050 | $5,332 |
| Total net assets | $366 | $-7,642 |
| Excess/Deficit for the year | $366 | $-8,008 |
| Net assets or fund balances at beginning of year | $0 | $366 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $366 | $-7,642 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $766 | $2,358 |
| Total liabilities | $400 | $10,000 |
| Net assets or fund balances | $366 | $-7,642 |
| Other Information | ||
| 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 |
| 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 | Yes |
| Total amount involved | $0 | $100 |
| Initiation fees and capital contributions | $0 | $0 |
| Gross receipts for public use of club facilities | $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 organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
| Number of organizations supported | 1 |
| Sum of amounts of support | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Loyalist College Of Applied Arts And Technology | Belleville On K8n 5b9, Canada | international | 2014-01 | $55,514,601 |
| 2 | Pathpoint | 315 W Haley St Ste 102, Santa Barbara, CA 93101-8052 | CA | 2000-01 | $20,589,726 |
| 3 | Southern Nevada Culinary And Bartenders Training Fund A Trust, Solomon Mark Ex Director | 710 W Lake Mead Blvd, N Las Vegas, NV 89030-4067 | NV | 2001-02 | $9,367,340 |
| 4 | Indiana-Kentucky-Ohio Reg Cncil Of Crpntrs Jt Apprntc & Training Fund | 1095 Mariners Dr, Warsaw, IN 46582-9392 | IN | 2004-09 | $9,297,118 |
| 5 | The@booker T Washington Public Charter School For Technical Arts | 1346 Florida Avenue N W, Washington, DC 20009-4838 | DC | 1999-06 | $9,006,609 |
| 6 | Valley Grande Institute For Academic Studies | 345 S Texas Blvd, Weslaco, TX 78596-6113 | TX | 1999-08 | $5,722,574 |
| 7 | Westmed Training Inc | 11355 N Torrey Pines Rd, La Jolla, CA 92037-1013 | CA | 2009-10 | $4,181,214 |
| 8 | Taller San Jose | 801 N Broadway, Santa Ana, CA 92701-3423 | CA | 2006-09 | $3,817,731 |
| 9 | Construction Education Foundatin Inc | 8005 Schoon St, Anchorage, AK 99518 | AK | 2008-08 | $3,626,566 |
| 10 | Sheet Metal Workers Local Union No 28 Education Fund | 13920 Jamaica Ave, Jamaica, NY 11435-3614 | NY | 1978-11 | $3,281,658 |
| 11 | Toledo Electrical Joint Apprenticeship & Training Trust Fu | 803 Lime City Rd, Rossford, OH 43460-1613 | OH | 2000-02 | $2,844,757 |
| 12 | New England Center For Arts & Technology Inc | 23 Bradston St, Boston, MA 02118-2703 | MA | 2010-12 | $2,748,499 |
| 13 | The Crucible | 1260 7th St, Oakland, CA 94607-2150 | CA | 1999-12 | $2,174,931 |
| 14 | Umoja Student Development Corporation | 2935 W Polk St, Chicago, IL 60612-3904 | IL | 1999-07 | $1,962,378 |
| 15 | Maplestone | PO BOX 588, Acton, ME 04001-0588 | ME | 2004-10 | $800,111 |
| 16 | New England School Of Metalwork | 7 Albiston Way, Auburn, ME 04210-4869 | ME | 2004-08 | $524,972 |
| 17 | Great Works Foundation Inc | 52 Sanford, Sanford, ME 04073 | ME | 2013-05 | $31,516 |
| 18 | New England Community Craftsmen Inc | 256 Lower Middle Rd, Lebanon, ME 04027-3431 | ME | 2010-11 | $0 |
| 19 | Pearl Starbird Charitable Trust | 9 Market Sq # J, South Paris, ME 04281-1511 | ME | 2001-09 | $0 |
| 20 | Stone Soup Institute | 298 Allen Point Road, Harpswell, ME 04079 | ME | 2003-01 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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