Best Of Waseca Inc in Waseca, Minnesota (MN)
Table of contents:
| Best Of Waseca Inc | |
| Employer Identification Number (EIN) | 432019578 |
| Name of Organization | Best Of Waseca Inc |
| Address | PO BOX 667, Waseca, MN 56093-0667 |
| Subsection | Charitable Organization |
| Ruling Date | 10/2003 |
| 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 | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $48,773 |
| Amount of Income | $70,795 |
| Form 990 Revenue Amount | $70,795 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2013: $70,795 (it was $15,879 in 2012)
| Best Of Waseca Inc: | $70,795 |
| Other organizations performing similar types of work: | $147,540 |
Assets in 2013: $48,773 (it was $11,451 in 2012)
| This organization: | $48,773 |
| Other organizations performing similar types of work: | $421,265 |
Expenses in 2013: $33,473
| Best Of Waseca Inc: | $33,473 |
| Other organizations performing similar types of work: | $65,955 |
Income to expenses ratio in 2013: 2.1
| Best Of Waseca Inc: | 2.1 |
| Other organizations performing similar types of work: | 12.1 |
Grants share in income in 2013: 100.0%
| Best Of Waseca Inc: | 100.0% |
| Other organizations performing similar types of work: | 100.0% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $21,915 | $15,879 | $70,795 |
| Contributions, gifts, grants, and similar amounts received | $21,875 | $15,851 | $70,786 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $40 | $28 | $9 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $17,017 | $13,166 | $33,473 |
| Total net assets | $8,738 | $11,451 | $48,773 |
| Excess/Deficit for the year | $4,898 | $2,713 | $37,322 |
| Net assets or fund balances at beginning of year | $3,840 | $8,738 | $11,451 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $11,451 | $48,773 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $8,738 | $11,451 | $48,773 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $8,738 | $11,451 | $48,773 |
| 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 | $89,138 |
| Subtotal Support | $161,673 |
| Gifts, grants, contributions, and membership fees received | $161,673 |
| 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 | $72,535 |
| Total Support | $162,306 |
| Public Support | $161,673 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $633 |
| 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. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | United States Fund For Unicef In Kind Assistance Corporation | 125 Maiden Lane, New York, NY 10038-4912 | NY | 2005-11 | $155,471,904 |
| 2 | Abbott Northwestern Hospital Foundation | PO BOX 43, Minneapolis, MN 55440-0043 | MN | 2002-10 | $70,414,703 |
| 3 | Tigers Unlimited Foundation | PO BOX 351, Auburn, AL 36831-0351 | AL | 2004-02 | $45,768,295 |
| 4 | Real Resources Foundation | 3530 East 28th Street, Minneapolis, MN 55406-1765 | MN | 2000-08 | $3,257,643 |
| 5 | Nonprofits Assistance Fund | 2801 21st Ave S Ste 210, Minneapolis, MN 55407-1229 | MN | 1998-10 | $1,255,681 |
| 6 | John Junell Trust 7254 | PO BOX 64713, Saint Paul, MN 55164-0713 | MN | 1967-12 | $78,979 |
| 7 | Wild Sheep Legacy Foundation | 6985 N Shore Trl N, Forest Lake, MN 55025-8701 | MN | 2014-08 | $652,648 |
| 8 | Oakleaf Endownment Tr For The Blake School, Dayton Duncan & Judson Etal Co Ttee | 80 S 8th St 1800 Ids Center, Minneapolis, MN 55402 | MN | 2000-09 | $286,771 |
| 9 | Thunderbird Foundation | Po Box 107, Gibbon, MN 55335 | MN | 1999-08 | $223,742 |
| 10 | W & L Kulenkamp Tr Fbo Emanuel Luth | PO BOX 64713, Saint Paul, MN 55164-0713 | MN | 2005-02 | $222,704 |
| 11 | Theodora H Lang Charitable Tr, 050007244700 | PO BOX 64713, Saint Paul, MN 55164-0713 | MN | 2006-11 | $174,324 |
| 12 | Bengal Touchdown Club | 12555 University Ave Ne, Blaine, MN 55434-2108 | MN | 2007-04 | $170,690 |
| 13 | Marvin Warroad Area Foundation | 101 5th St E Ste 2400, Saint Paul, MN 55101-1800 | MN | 2004-07 | $115,729 |
| 14 | Best Of Waseca Inc | PO BOX 667, Waseca, MN 56093-0667 | MN | 2003-10 | $70,795 |
| 15 | Rocket Boosters | 7600 County Rd 70, Rockford, MN 55373 | MN | 2007-02 | $63,916 |
| 16 | Hermantown Graduation Party Committee Inc | 4355 Hawk Circle Drive, Hermantown, MN 55811-3648 | MN | 2003-10 | $0 |
| 17 | Jrk Foundation | 3265 19th St Ste 560, Rochester, MN 55901-6786 | MN | 2015-01 | $0 |
| 18 | Q Foundation | 4243 4th Ave S, Minneapolis, MN 55409-2113 | MN | 2007-10 | $0 |
| 19 | R A F Properties | 400 S Broadway Ste 300, Rochester, MN 55904-6477 | MN | 1998-02 | $0 |
| 20 | Valley View Manor Fund Inc | PO BOX 283, Lamberton, MN 56152-0283 | MN | 1994-09 | $0 |
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