Am Charity Fund in Minneapolis, Minnesota (MN)
Table of contents:
| Am Charity Fund | |
| Employer Identification Number (EIN) | 452060588 |
| Name of Organization | Am Charity Fund |
| In Care of Name | Lynda Smith |
| Address | 5041 France Ave S, Minneapolis, MN 55410 |
| Website | http://www.AMCharityFund.org |
| Subsection | Charitable Organization |
| Ruling Date | 10/2012 |
| 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 | 2012 |
| Assets | $1 to $9,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $6,432 |
| Amount of Income | $108,009 |
| Form 990 Revenue Amount | $74,415 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Corporate Foundations |
Non-representatives - add comments:
Amount of income in 2012: $108,009 (it was $74,415 in 2013)
| Am Charity Fund: | $108,009 |
| Other organizations performing similar types of work: | $107,502 |
Assets in 2012: $6,432 (it was $6,432 in 2013)
| Am Charity Fund: | $6,432 |
| Other organizations performing similar types of work: | $322,766 |
Expenses in 2013: $80,406
| Am Charity Fund: | $80,406 |
| Other organizations performing similar types of work: | $58,249 |
Income to expenses ratio in 2013: 1.3
| Am Charity Fund: | 1.3 |
| Other organizations performing similar types of work: | 2.0 |
Grants share in income in 2013: 39.5%
| This organization: | 39.5% |
| Other organizations performing similar types of work: | 98.7% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |
| 2013 | |
|---|---|
| Total revenue | $74,415 |
| Contributions, gifts, grants, and similar amounts received | $29,421 |
| Program service revenue including government fees and contracts | $0 |
| Membership dues and assessments | $0 |
| Investment income | $0 |
| Gain/Loss from sale of assets other than inventory | $0 |
| Net income/loss from gaming and fundraising events | $44,994 |
| Gross income from gaming | $0 |
| Gross income from fundraising events | $78,588 |
| Less: direct expenses from gaming and fundraising events | $33,594 |
| Gross profit/loss from sales of inventory | $0 |
| Other revenue | $0 |
| Total expenses | $80,406 |
| Total net assets | $-1,090 |
| Excess/Deficit for the year | $-5,991 |
| Net assets or fund balances at beginning of year | $4,901 |
| Other changes in net assets or fund balances | $0 |
| Net assets or fund balances at end of year | $-1,090 |
| Balance Sheets | |
| 2013 | |
|---|---|
| Total assets | $6,432 |
| Total liabilities | $7,522 |
| Net assets or fund balances | $-1,090 |
| 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? | No |
| 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 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 | $39,341 |
| Subtotal Support | $39,341 |
| Gifts, grants, contributions, and membership fees received | $39,341 |
| 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 | $39,341 |
| Public Support | $39,341 |
| 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 | $0 |
| Gross receipts from related activities, etc. | $156,967 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Wells Fargo Foundation | 90 S 7th St, Minneapolis, MN 55402-3903 | MN | 1980-02 | $43,941,165 |
| 2 | Mosaic Company Foundation | 3033 Campus Dr Ste E490, Plymouth, MN 55441-2655 | MN | 2010-04 | $4,086,608 |
| 3 | Stillman Family Foundation | 19955 Cottagewood Ave, Deephaven, MN 55331-9238 | MN | 2012-03 | $3,469,648 |
| 4 | Michael And Brittany Reger Family Foundation | 3565 Frederick Ave, Orono, MN 55391-9732 | MN | 2012-02 | $3,214,474 |
| 5 | United Health Foundation | 9900 Bren Rd E, Minnetonka, MN 55343-9664 | MN | 1999-07 | $2,952,705 |
| 6 | St Jude Medical Foundation | 1 Saint Jude Medical Dr, Saint Paul, MN 55117-1789 | MN | 1999-04 | $2,277,638 |
| 7 | Mattaponi Foundation | 50 South Sicth St Ste, Minneapolis, MN 55402 | MN | 2013-08 | $1,650,000 |
| 8 | Tischer Creek Duluth Buildingcompany | 3301 Technology Dr, Duluth, MN 55811-4115 | MN | 2008-03 | $1,454,915 |
| 9 | Russell B Hagen Foundation | 100 2nd St Se Apt 1004, Minneapolis, MN 55414-2129 | MN | 1999-07 | $1,090,980 |
| 10 | The Scott Richards North Star Charitable Foundation | 2701 University Ave Se, Minneapolis, MN 55414-3233 | MN | 2005-01 | $809,621 |
| 11 | Bame Foundation | 900 Mendelsan Ave N, Golden Valley, MN 55427-4309 | MN | 2013-03 | $792,807 |
| 12 | Wikstrom Fdn Tr 35419320 | PO BOX 64713, Saint Paul, MN 55164-0713 | MN | 2002-03 | $548,395 |
| 13 | Turner Family Foundation | 301 Kenwood Parkway, Minneapolis, MN 55403-1159 | MN | 2000-11 | $473,995 |
| 14 | William E Bradley Research Foundation, Bradley David J Et Al Ttee | PO BOX 5819, Rochester, MN 55903-5819 | MN | 2003-02 | $279,106 |
| 15 | Morris Foundation | 835 Louise Ave Se, Cokato, MN 55321-4242 | MN | 2011-11 | $132,570 |
| 16 | Am Charity Fund | 5041 France Ave S, Minneapolis, MN 55410 | MN | 2012-10 | $108,009 |
| 17 | Foley & Mansfield Charitable Foundation | 250 Marquette Ave Ste 1200, Minneapolis, MN 55401-1874 | MN | 2011-01 | $96,865 |
| 18 | Rj Ahmann Foundation | 7555 Market Place Dr, Eden Prairie, MN 55344-3637 | MN | 2010-03 | $31,919 |
| 19 | Sun Country Airlines Foundation | 1300 Mendota Heights Rd, Mendota Hts, MN 55120-1128 | MN | 2005-06 | $27,799 |
| 20 | Spruce Grove Charitable Foundation | 795 Millwood Ave, Roseville, MN 55113-1926 | MN | 2001-03 | $19,752 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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