Harvard Business School Club Of Michigan in Birmingham, Michigan (MI)
Table of contents:
Harvard Business School Club Of Michigan | |
Employer Identification Number (EIN) | 382572746 |
Name of Organization | Harvard Business School Club Of Michigan |
Address | PO BOX 2654, Birmingham, MI 48012-2654 |
Activities | Discussion groups, forums, panels lectures, etc., Described in section 509(a)(2) of the Code |
Subsection | Educational Organization |
Ruling Date | 03/1985 |
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 | 07/2014 |
Assets | $100,000 to $499,999 |
Income | $100,000 to $499,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $133,025 |
Amount of Income | $118,137 |
Form 990 Revenue Amount | $38,121 |
National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Alumni Associations |
Non-representatives - add comments:
Amount of income in 2014: $118,137 (it was $50,741 in 2013)
This organization: | $118,137 |
Other organizations performing similar types of work: | $136,067 |
Assets in 2014: $133,025 (it was $111,422 in 2013)
This organization: | $133,025 |
Other organizations performing similar types of work: | $331,683 |
Expenses in 2014: $16,518
This organization: | $16,518 |
Other organizations performing similar types of work: | $109,534 |
Income to expenses ratio in 2014: 7.2
This organization: | 7.2 |
Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2014: 1.9%
Harvard Business School Club Of Michigan: | 1.9% |
Other organizations performing similar types of work: | 10.6% |
Revenue for 2014
Support schedule
Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
2012 | 2013 | 2014 | |
---|---|---|---|
Total revenue | $-1,408 | $22,607 | $38,121 |
Contributions, gifts, grants, and similar amounts received | $130 | $3,100 | $725 |
Program service revenue including government fees and contracts | $0 | $0 | $0 |
Membership dues and assessments | $1,180 | $1,670 | $1,405 |
Investment income | $3,109 | $1,930 | $3,537 |
Gain/Loss from sale of assets other than inventory | $-5,872 | $2,608 | $22,138 |
Gross amount from sale of assets other than inventory | $35,172 | $18,982 | $77,425 |
Less: cost or other basis and sales expenses | $41,044 | $16,374 | $55,287 |
Net income/loss from gaming and fundraising events | $45 | $13,299 | $10,316 |
Gross income from gaming | $0 | $0 | $0 |
Gross income from fundraising events | $3,695 | $25,059 | $35,045 |
Less: direct expenses from gaming and fundraising events | $3,650 | $11,760 | $24,729 |
Gross profit/loss from sales of inventory | $0 | $0 | $0 |
Other revenue | $0 | $0 | $0 |
Total expenses | $14,731 | $15,732 | $16,518 |
Total net assets | $104,547 | $111,422 | $133,025 |
Excess/Deficit for the year | $-16,139 | $6,875 | $21,603 |
Net assets or fund balances at beginning of year | $120,686 | $104,547 | $111,422 |
Other changes in net assets or fund balances | $0 | $0 | $0 |
Net assets or fund balances at end of year | $111,422 | $133,025 |
Balance Sheets | |||
2012 | 2013 | 2014 | |
---|---|---|---|
Total assets | $107,947 | $111,422 | $133,025 |
Total liabilities | $3,400 | $0 | $0 |
Net assets or fund balances | $104,547 | $111,422 | $133,025 |
Other Information | |||
2012 | 2013 | 2014 | |
---|---|---|---|
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 2014) | |
The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
Number of organizations supported | 0 |
Sum of amounts of support | $0 |
Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014) | |
2010 - 2014 Total | |
---|---|
Public support | $42,207 |
Subtotal | $42,207 |
Gifts, grants, contributions, and membership fees received | $7,703 |
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $34,504 |
Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
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 |
Less | $0 |
Amounts received from disqualified persons | $0 |
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
Total support | $75,281 |
Public support | $42,207 |
Subtotal | $11,459 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $11,459 |
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
Net income from unrelated business activities, whether or not the business is regularly carried on | $21,615 |
Other income | $0 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Union High Boosters Club Inc | 1800 Tremont Blvd Nw, Grand Rapids, MI 49504-4868 | MI | 1998-03 | $41,475 |
2 | Saginaw High School Alumni Memorial Scholarship Endowment | 550 Millard St, Saginaw, MI 48607-1140 | MI | 1949-03 | $38,179 |
3 | Almae Martis Alumni Croaticae Association Ofg Alumni And Friend | 6580 Glendale Dr, Troy, MI 48098-1714 | MI | 1991-05 | $0 |
4 | Detroit Track And Field Old Timers Association | 4221 Leslie, Dteroit, MI 48238 | MI | 1998-09 | $0 |
5 | Ecorse High School Alumni Association | 27385 W Outer Dr, Ecorse, MI 48229-1281 | MI | 1997-10 | $0 |
6 | Forest Hills Pto & Boosters Council, Ada Vista Pto | 7192 Bradfield Ave Se, Ada, MI 49301-9130 | MI | 1999-11 | $0 |
7 | Forest Hills Pto & Boosters Council, Central Woodlands School Pto | 400 Alta Dale Se, Grand Rapids, MI 49546-9618 | MI | 1999-11 | $0 |
8 | Forest Hills Pto & Boosters Council, Fhc Bat Club | 5901 Hall St Se, Grand Rapids, MI 49546-3849 | MI | 1999-11 | $0 |
9 | Forest Hills Pto & Boosters Council, Fhc Orchestra Boosters | 5901 Hall St Se, Grand Rapids, MI 49546-3849 | MI | 1999-11 | $0 |
10 | Forest Hills Pto & Boosters Council, Fhc Theatre Advisory Council | 5901 Hall St Se, Grand Rapids, MI 49546-3849 | MI | 1999-11 | $0 |
11 | Forest Hills Pto & Boosters Council, Fhe Academic Boosters Club | 2200 Pettis Ave Ne, Ada, MI 49301-9266 | MI | 1999-11 | $0 |
12 | Forest Hills Pto & Boosters Council, Fhn Husky Lacrosse | 3801 Leonard St Ne, Grand Rapids, MI 49525-3372 | MI | 1999-11 | $0 |
13 | Forest Hills Pto & Boosters Council, Fhps Chi-Pac | 3801 Leonard St Ne, Grand Rapids, MI 49525-3372 | MI | 1999-11 | $0 |
14 | Forest Hills Pto & Boosters Council, Forest Hills Central Crew | 5901 Hall St Se, Grand Rapids, MI 49546-3849 | MI | 1999-11 | $0 |
15 | Forest Hills Pto & Boosters Council, Forest Hills Central Diamond Suppor | 5901 Hall St Se, Grand Rapids, MI 49546-3849 | MI | 1999-11 | $0 |
16 | Forest Hills Pto & Boosters Council, Forest Hills Central Mat Club | 5901 Hall St Se, Grand Rapids, MI 49546-3849 | MI | 1999-11 | $0 |
17 | Forest Hills Pto & Boosters Council, Forest Hills Central Senior All Nig | 5901 Hall St Se, Grand Rapids, MI 49546-3899 | MI | 1999-11 | $0 |
18 | Forest Hills Pto & Boosters Council, Forest Hills Central Senior Dinner | 5901 Hall St Se, Grand Rapids, MI 49546-3899 | MI | 1999-11 | $0 |
19 | Forest Hills Pto & Boosters Council, Forest Hills Central Varsity Pom Sq | 5901 Hall St Se, Grand Rapids, MI 49546-3849 | MI | 1999-11 | $0 |
20 | Forest Hills Pto & Boosters Council, Forest Hills Eastern Athletic Boost | 2200 Pettis Ave Ne, Ada, MI 49301-9266 | MI | 1999-11 | $0 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 614 |
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