Foundation For Modern Greek Studies in Canton, Michigan (MI)
Table of contents:
| Foundation For Modern Greek Studies | |
| Employer Identification Number (EIN) | 383365799 |
| Name of Organization | Foundation For Modern Greek Studies |
| In Care of Name | GUS KAOUNAS |
| Address | 8001 Ronda Dr, Canton, MI 48187-2068 |
| Website | NONE |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Literary activities |
| Subsection | Charitable Organization |
| Ruling Date | 01/1998 |
| 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 | 2014 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $81,951 |
| Amount of Income | $4,998 |
| Form 990 Revenue Amount | $4,998 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Humanities Organizations |
Non-representatives - add comments:
Amount of income in 2014: $4,998 (it was $4,998 in 2013)
| Foundation For Modern Greek Studies: | $4,998 |
| Other organizations performing similar types of work: | $58,064 |
Assets in 2014: $81,951 (it was $81,951 in 2013)
| Foundation For Modern Greek Studies: | $81,951 |
| Other organizations performing similar types of work: | $31,483 |
Expenses in 2013: $3,156
| This organization: | $3,156 |
| Other organizations performing similar types of work: | $49,504 |
Income to expenses ratio in 2013: 1.6
| This organization: | 1.6 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 33.2%
| This organization: | 33.2% |
| Other organizations performing similar types of work: | 63.6% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $21,035 | $9,428 | $4,998 |
| Contributions, gifts, grants, and similar amounts received | $18,720 | $4,000 | $1,660 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $5,900 | $5,428 | $1,172 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $2,166 |
| Gross amount from sale of assets other than inventory | $0 | $0 | $2,166 |
| Less: cost or other basis and sales expenses | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $-3,585 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $26,401 | $9,432 | $3,156 |
| Total net assets | $66,898 | $69,764 | $81,570 |
| Excess/Deficit for the year | $-5,366 | $-4 | $1,842 |
| Net assets or fund balances at beginning of year | $84,679 | $66,898 | $69,764 |
| Other changes in net assets or fund balances | $-12,415 | $2,870 | $9,964 |
| Net assets or fund balances at end of year | $69,764 | $81,570 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $79,148 | $70,764 | $81,951 |
| Total liabilities | $12,250 | $1,000 | $381 |
| Net assets or fund balances | $66,898 | $69,764 | $81,570 |
| 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 | $61,670 |
| Subtotal Support | $61,670 |
| Gifts, grants, contributions, and membership fees received | $61,670 |
| 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 | $94,640 |
| Public Support | $61,670 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $32,970 |
| 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. | $1,172 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Great Lakes Commonwealth Of Letters Inc | 758 Wealthy Street Se, Grand Rapids, MI 49503 | MI | 2014-10 | $6,067 |
| 2 | Art Is For Everyone | PO BOX 2013, Detroit, MI 48202-0013 | MI | 2014-08 | $3,132 |
| 3 | Azania Foundation For Language Education | 6561 Tamerlane Drive, W Bloomfield, MI 48322 | MI | 2006-03 | $0 |
| 4 | Baalu Girma Foundation Inc | Po Box 530892, Livonia, MI 48153 | MI | 2014-10 | $0 |
| 5 | Conclave | Po Box 2915, Ann Arbor, MI 48106-2915 | MI | 2014-12 | $0 |
| 6 | Fogged Clarity | 2143 Easthill Dr, Muskegon, MI 49441 | MI | 2009-10 | $0 |
| 7 | Foreign Language And Culture Exchange | PO BOX 4177, Ann Arbor, MI 48106-4177 | MI | 2001-12 | $0 |
| 8 | Friends Of Poetry Inc | 2423 Russet Dr, Kalamazoo, MI 49008 | MI | 2014-08 | $0 |
| 9 | Grand Rapids Biblical Archaeologyfoundation Inc | 6941 Adaside Dr Se, Ada, MI 49301-9029 | MI | 2007-03 | $0 |
| 10 | Iron County Musicians Club | 581 Bates-Amasa Rd, Iron River, MI 49935 | MI | 2011-05 | $0 |
| 11 | Jewish-American History Documentation Foundation Inc | 17550 Jeanette St, Southfield, MI 48075 | MI | 2005-09 | $0 |
| 12 | Leelanau Summinars | 4026 Oxford Dr, Leland, MI 49654 | MI | 2011-06 | $0 |
| 13 | National American Writers League | 100 Clairmount St Apt 103, Detroit, MI 48202-1547 | MI | 1986-05 | $0 |
| 14 | Near East Archaeological Society | 9047 Us 31, Berrien Springs, MI 49104-0990 | MI | 2012-08 | $0 |
| 15 | Queen Of Peace Ministries Inc | 4343 Egypt Valley Ave Ne, Ada, MI 49301-8891 | MI | 2001-06 | $0 |
| 16 | Saginaw Chinese And Research Institute | 1620 5th Ave Apt B5, Okemos, MI 48864-1181 | MI | 2015-01 | $0 |
| 17 | Sisters Of Color Inc | PO BOX 441883, Detroit, MI 48244-1883 | MI | 1992-12 | $0 |
| 18 | The Poetry Forum Inc | 251 Gralake Ave, Ann Arbor, MI 48103-2022 | MI | 1995-12 | $0 |
| 19 | Volare Via | 1826 Latimer Dr, Troy, MI 48083 | MI | 2013-01 | $0 |
| 20 | Women Of Value | 56355 Heathrow, Shelby Township, MI 48316 | MI | 2010-04 | $0 |
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| Total | 1,468 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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