Copper Nail in Grass Lake, Michigan (MI)
Table of contents:
| Copper Nail | |
| Employer Identification Number (EIN) | 260884302 |
| Name of Organization | Copper Nail |
| In Care of Name | Judy Tefft |
| Address | 111 E Michigan Ave, Grass Lake, MI 49240-9680 |
| Subsection | Charitable Organization |
| Ruling Date | 12/2008 |
| 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 | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $332,284 |
| Amount of Income | $141,936 |
| Form 990 Revenue Amount | $141,936 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Thrift Shops |
Non-representatives - add comments:
Amount of income in 2013: $141,936 (it was $122,982 in 2012)
| This organization: | $141,936 |
| Other organizations performing similar types of work: | $128,815 |
Assets in 2013: $332,284 (it was $293,634 in 2012)
| Copper Nail: | $332,284 |
| Other organizations performing similar types of work: | $51,025 |
Expenses in 2013: $84,997
| Copper Nail: | $84,997 |
| Other organizations performing similar types of work: | $115,376 |
Income to expenses ratio in 2013: 1.7
| Copper Nail: | 1.7 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 5.7%
| This organization: | 5.7% |
| Other organizations performing similar types of work: | 2.9% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $107,846 | $122,982 | $141,936 |
| Contributions, gifts, grants, and similar amounts received | $6,980 | $6,941 | $8,053 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $10 | $19 | $30 |
| 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 | $100,856 | $116,022 | $133,853 |
| Gross sales of inventory, less returns and allowances | $100,856 | $116,022 | $133,853 |
| Less: cost of goods sold | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $64,120 | $82,844 | $84,997 |
| Total net assets | $111,081 | $151,219 | $208,158 |
| Excess/Deficit for the year | $43,726 | $40,138 | $56,939 |
| Net assets or fund balances at beginning of year | $67,355 | $111,081 | $151,219 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $151,219 | $208,158 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $276,386 | $293,634 | $332,284 |
| Total liabilities | $165,305 | $142,415 | $124,126 |
| Net assets or fund balances | $111,081 | $151,219 | $208,158 |
| 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 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 | 18 |
| Sum of amounts of support | $38,755 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Second Impressions | 3750 S Westnedge Ave, Kalamazoo, MI 49008-2978 | MI | 2002-11 | $717,762 |
| 2 | Ten Thousand Villages Of Huron Valley Inc, Ten Thousand Villages | 303 South Main, Ann Arbor, MI 48104-2180 | MI | 2003-07 | $659,911 |
| 3 | Kevens Inc | 6896 Mapledale Rd, Jackson, MI 49201-9862 | MI | 2011-09 | $412,597 |
| 4 | Society Of St Vincent Depaul Of Grand Rapids Inc | 1314 Division Ave S, Grand Rapids, MI 49507-1507 | MI | 2008-04 | $398,391 |
| 5 | Paradise Bound Thrift Shoppe | 59 W Washington Ave Ste E, Zeeland, MI 49464-1164 | MI | 2009-09 | $314,487 |
| 6 | Helping Hands Thrift Store | 795 Division St, Adrian, MI 49221-3933 | MI | 2014-09 | $164,815 |
| 7 | Mission India Super Thrift | 2146 Plainfield Ave Ne, Grand Rapids, MI 49505-4204 | MI | 2011-03 | $115,191 |
| 8 | Bless The Orphans Inc | 668 Chicago Dr, Jenison, MI 49428-9354 | MI | 2011-05 | $98,508 |
| 9 | Forget-Me-Not Thrift Store | 25611 Eureka, Warren, MI 48091 | MI | 2010-08 | $31,079 |
| 10 | Treasure Bin Thrift Shop | 762 W Main Street Suite 1, Kalamazoo, MI 49006-3202 | MI | 2002-12 | $29,924 |
| 11 | Project Blessing Of Brown City | Po Box 498, Brown City, MI 48416 | MI | 2010-08 | $19,135 |
| 12 | Re Gen Er Ate | 637 Stocking Ave Nw, Grand Rapids, MI 49504 | MI | 2015-02 | $14,812 |
| 13 | Onekama Guild | PO BOX 342, Onekama, MI 49675 | MI | 2012-02 | $4,133 |
| 14 | A Diamond In The Rough Outreach Ministries | 3026 Cadillac Blvd, Detroit, MI 48214-2172 | MI | 2006-10 | $0 |
| 15 | Bear-Na-Seth-Aties | 134 N Division, Hesperia, MI 49421 | MI | 2008-08 | $0 |
| 16 | Blessings Resale Inc | 668 Chicago Dr, Jenison, MI 49428-9354 | MI | 2014-12 | $0 |
| 17 | Clean Closet Charities | 4568 W Walton, Waterford, MI 48329 | MI | 2007-07 | $0 |
| 18 | Free Change | 29760 Pierce, Southfield, MI 48076 | MI | 2008-09 | $0 |
| 19 | Marlon Coe Foundation For Sickle Cell Disease, None None | 5455 Marshview Ct Apt58 5455 Marshview Ct Apt 58, Shelby Twp, MI 48316 | MI | 2003-11 | $0 |
| 20 | Needy Not Greedy | 6203 W Houghton Lake, Houghton Lake, MI 48629-8615 | MI | 1999-01 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 938 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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