Owosso Public Schools Foundation in Owosso, Michigan (MI)
Table of contents:
Owosso Public Schools Foundation | |
Employer Identification Number (EIN) | 205901777 |
Name of Organization | Owosso Public Schools Foundation |
In Care of Name | Greg Gray Or Julie Omer |
Address | PO BOX 340, Owosso, MI 48867-0340 |
Subsection | Charitable Organization |
Ruling Date | 05/2007 |
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 | 12/2013 |
Assets | $25,000 to $99,999 |
Income | $10,000 to $24,999 |
Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
Asset Amount | $39,055 |
Amount of Income | $19,591 |
Form 990 Revenue Amount | $14,857 |
National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2013: $19,591 (it was $4,145 in 2012)
This organization: | $19,591 |
Other organizations performing similar types of work: | $69,198 |
Assets in 2013: $39,055 (it was $30,658 in 2012)
Owosso Public Schools Foundation: | $39,055 |
Other organizations performing similar types of work: | $35,127 |
Expenses in 2013: $5,960
This organization: | $5,960 |
Other organizations performing similar types of work: | $43,494 |
Income to expenses ratio in 2013: 3.3
Owosso Public Schools Foundation: | 3.3 |
Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 85.2%
This organization: | 85.2% |
Other organizations performing similar types of work: | 4.5% |
Revenue for 2013
Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total revenue | $4,342 | $4,145 | $14,857 |
Contributions, gifts, grants, and similar amounts received | $4,342 | $4,145 | $12,651 |
Program service revenue including government fees and contracts | $0 | $0 | $0 |
Membership dues and assessments | $0 | $0 | $0 |
Investment income | $0 | $0 | $0 |
Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
Net income/loss from gaming and fundraising events | $0 | $0 | $2,206 |
Gross income from gaming | $0 | $0 | $0 |
Gross income from fundraising events | $0 | $0 | $6,940 |
Less: direct expenses from gaming and fundraising events | $0 | $0 | $4,734 |
Gross profit/loss from sales of inventory | $0 | $0 | $0 |
Other revenue | $0 | $0 | $0 |
Total expenses | $5,325 | $6,562 | $5,960 |
Total net assets | $18,356 | $15,939 | $24,836 |
Excess/Deficit for the year | $-983 | $-2,417 | $8,897 |
Net assets or fund balances at beginning of year | $19,339 | $18,356 | $15,939 |
Other changes in net assets or fund balances | $0 | $0 | $0 |
Net assets or fund balances at end of year | $15,939 | $24,836 |
Balance Sheets | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total assets | $32,575 | $30,658 | $39,055 |
Total liabilities | $14,219 | $14,719 | $14,219 |
Net assets or fund balances | $18,356 | $15,939 | $24,836 |
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 | $58,420 |
Subtotal Support | $75,420 |
Gifts, grants, contributions, and membership fees received | $75,420 |
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 | $17,000 |
Total Support | $77,977 |
Public Support | $75,420 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
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 | $2,557 |
Gross receipts from related activities, etc. | $0 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Ravenwood High School Quarterback Club | 1724 Wilson Pike, Brentwood, TN 37027-8105 | TN | 2007-02 | $99,991 |
2 | Slocomb Band Boosters Inc | PO BOX 376, Slocomb, AL 36375-0376 | AL | 2006-12 | $54,892 |
3 | Pennies From Heaven Foundation | 425 W Western Ave Ste 200, Muskegon, MI 49440-1101 | MI | 2013-02 | $10,113,786 |
4 | Grcs Eagle Impact | 2600 Village Dr Se, Grand Rapids, MI 49506 | MI | 2013-07 | $2,901,459 |
5 | Kent School Services Network | 1933 East Beltline Ave Ne, Grand Rapids, MI 49525 | MI | 2014-08 | $1,726,279 |
6 | St Marys Preparatory Moms And Dads Club | 3535 Commerce Rd, Orchard Lake, MI 48324-1608 | MI | 2002-08 | $1,127,662 |
7 | Mechanical Contractors Apprentice- Ship & Training Reimbursement Fund | 14801 W 8 Mile Rd, Detroit, MI 48235-1623 | MI | 2010-12 | $1,088,830 |
8 | Lanse Creuse Athletic Boosters Club | 24060 Harrison St, Clinton Twp, MI 48035-3827 | MI | 2014-05 | $1,056,992 |
9 | Detroit Public Schools Foundation | 3011 West Grand Blvd 18th Floor, Detroit, MI 48202-3096 | MI | 2003-04 | $880,632 |
10 | Nul Leasehold Holding I Inc | 600 Antoinette St, Detroit, MI 48202-3457 | MI | 2011-03 | $689,184 |
11 | Grand Valley Research Corporation | 1 Campus Drive - 201 Lmh, Allendale, MI 49401 | MI | 2007-03 | $650,983 |
12 | Lanse Creuse High School-North Band Boosters | 23700 21 Mile Rd, Macomb, MI 48042-5106 | MI | 2011-05 | $404,147 |
13 | World Heritage Air Museum | 19992 Kelly Rd, Harper Woods, MI 48225-1919 | MI | 2012-02 | $404,145 |
14 | Western Michigan University Research Foundation | 1903 W Michigan Ave, Kalamazoo, MI 49008-5200 | MI | 2004-09 | $285,486 |
15 | Mcbain Rural Agricultural School Foundation | 107 E Maple St, Mcbain, MI 49657 | MI | 1999-11 | $193,924 |
16 | Stevenson Band Booster Club Inc | 39701 Dodge Park Rd, Sterling Hts, MI 48313-5131 | MI | 2006-11 | $168,320 |
17 | Tln Foundation, Tyler Michael President | 13331 Reeck Rd, Southgate, MI 48195-3054 | MI | 2003-11 | $163,966 |
18 | Farmington-Farmington Hills Education Foundation | 32500 Shiawassee Rd, Farmington, MI 48336-2338 | MI | 2013-02 | $156,001 |
19 | Veritas Christian Educational Foundation, Veritas Christi Educational Foundation | 640 Ridgewood Ct, Ann Arbor, MI 48103 | MI | 2009-09 | $110,852 |
20 | Jonesville Athletic Boostersassociation | PO BOX 7, Jonesville, MI 49250-0007 | MI | 2012-02 | $102,599 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 10,796 |
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