Majority World Market Development Inc in Rockford, Michigan (MI)
Table of contents:
| Majority World Market Development Inc | |
| Employer Identification Number (EIN) | 274660946 |
| Name of Organization | Majority World Market Development Inc |
| In Care of Name | Willa Shalit |
| Address | 8 E Bridge Street Ste D, Rockford, MI 49341 |
| Subsection | Charitable Organization |
| Ruling Date | 01/2015 |
| 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 | 2013 |
| Assets | $0 |
| Income | $0 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $1,587 |
| Amount of Income | $53,785 |
| Form 990 Revenue Amount | $53,785 |
| National Taxonomy of Exempt Entities (NTEE) | International, Foreign Affairs and National Security: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2013: $53,785
| This organization: | $53,785 |
| Other organizations performing similar types of work: | $59,804 |
Assets in 2013: $1,587
| This organization: | $1,587 |
| Other organizations performing similar types of work: | $21,830 |
Expenses in 2013: $62,216
| This organization: | $62,216 |
| Other organizations performing similar types of work: | $55,139 |
Income to expenses ratio in 2013: 0.9
| This organization: | 0.9 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 100.0% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |
| 2013 | |
|---|---|
| Total revenue | $53,785 |
| Contributions, gifts, grants, and similar amounts received | $53,776 |
| Program service revenue including government fees and contracts | $0 |
| Membership dues and assessments | $0 |
| Investment income | $9 |
| Gain/Loss from sale of assets other than inventory | $0 |
| Net income/loss from gaming and fundraising events | $0 |
| Gross profit/loss from sales of inventory | $0 |
| Other revenue | $0 |
| Total expenses | $62,216 |
| Total net assets | $1,587 |
| Excess/Deficit for the year | $-8,431 |
| Net assets or fund balances at beginning of year | $10,018 |
| Other changes in net assets or fund balances | $0 |
| Net assets or fund balances at end of year | $1,587 |
| Balance Sheets | |
| 2013 | |
|---|---|
| Total assets | $1,587 |
| Total liabilities | $0 |
| Net assets or fund balances | $1,587 |
| Other Information | |
| 2013 | |
|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No |
| Were any significant changes made to the organizing or governing documents? | Yes |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
| Has the organization filed a Form 990-T for the year? | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No |
| Amount of political expenditures, direct or indirect | $0 |
| Did the organization file Form 1120-POL for this year? | 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 |
| Total amount involved | $0 |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $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 |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No |
| Reason for Public Charity Status (for 2013) | |
| 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 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $53,776 |
| Subtotal | $53,776 |
| Gifts, grants, contributions, and membership fees received | $53,776 |
| 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 | $0 |
| 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 | $53,776 |
| Public support | $53,776 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Edify | 10590 W Ocean Air Dr Ste 300, San Diego, CA 92130-4682 | CA | 2009-10 | $3,920,110 |
| 2 | Novak Djokovic Foundation Usa | 8401 Chagrin Rd Ste 16, Chagrin Falls, OH 44023-4702 | OH | 2012-12 | $3,769,347 |
| 3 | Turkish Philanthropy Funds Inc | 1036 Park Ave 15a, New York, NY 10028-0971 | NY | 2007-12 | $2,570,689 |
| 4 | Vinacapital Foundation | PO BOX 1357, Highlands, NC 28741-1357 | NC | 2008-04 | $1,161,584 |
| 5 | Machon Maayan | 1719 Old Trenton Rd, Princeton Jct, NJ 08550-3210 | NJ | 2010-05 | $988,903 |
| 6 | Fundy Community Foundation | Po Box 3902, St. Andrews | international | 1999-03 | $901,362 |
| 7 | Mercy Medical Center Cambodia Inc | PO BOX 3014, Westerville, OH 43086-3014 | OH | 2012-02 | $630,442 |
| 8 | Southeast Asia Resource Action Center Searac | 1628 16th St Nw, Washington, DC 20009-3064 | DC | 1979-11 | $588,283 |
| 9 | Jerusalem Capital Development Fund Inc | 195 Route 46 West, Totowa, NJ 07512-1824 | NJ | 2010-12 | $549,398 |
| 10 | Power Of Education Foundation | 2896 Canyonside Ct Ne, Grand Rapids, MI 49525-3176 | MI | 2010-06 | $120,132 |
| 11 | Majority World Market Development Inc | 8 E Bridge Street Ste D, Rockford, MI 49341 | MI | 2015-01 | $53,785 |
| 12 | Nouveau Kiskeya Foundation | 2600 5 Mile Road Ne, Grand Rapids, MI 49525-6519 | MI | 2007-09 | $33,212 |
| 13 | Manna Ministries Worldwide | 6757 Cascade Rd Se 171, Grand Rapids, MI 49546-6849 | MI | 2013-11 | $24,452 |
| 14 | Cornerstone Youth Development Fund | 1030 Prairie View Ct, Rochester, MI 48306-2565 | MI | 2007-07 | $8,995 |
| 15 | Addison Pto | 219 Comstock, Addison, MI 49220 | MI | 2012-10 | $0 |
| 16 | Blessed Torch Inc | 2050 Commerce Blvd, Ann Arbor, MI 48103-4402 | MI | 2010-10 | $0 |
| 17 | Build 2 Bless | 2330 Pebble Creek, Flushing, MI 48434 | MI | 2013-11 | $0 |
| 18 | Estrella Ferrer Dungog Foundation | Pmb 88 Cascade Rd Se, Grand Rapids, MI 49546 | MI | 2013-11 | $0 |
| 19 | International School Development Foundation, International School Foundation | 3511 Coolidge Road Ste 200, East Lansing, MI 48823 | MI | 2002-03 | $0 |
| 20 | Staff Initiatives Inc | 48473 Binghampton Drive, Northville, MI 48168 | MI | 2014-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 525 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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