Grand Central Charities Inc in Wayzata, Minnesota (MN)
Table of contents:
| Grand Central Charities Inc | |
| Employer Identification Number (EIN) | 205147038 |
| Name of Organization | Grand Central Charities Inc |
| In Care of Name | Diana Carter |
| Address | 130 Spur Circle, Wayzata, MN 55391 |
| Subsection | Charitable Organization |
| Ruling Date | 01/2011 |
| 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 | 2007 |
| Assets | $10,000 to $24,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $16,760 |
| Amount of Income | $155,475 |
| Form 990 Revenue Amount | $149,808 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Nonprofit Management |
Non-representatives - add comments:
Amount of income in 2007: $155,475 (it was $149,808 in 2013)
| This organization: | $155,475 |
| Other organizations performing similar types of work: | $204,987 |
Assets in 2007: $16,760 (it was $16,760 in 2013)
| Grand Central Charities Inc: | $16,760 |
| Other organizations performing similar types of work: | $154,245 |
Expenses in 2013: $248,981
| This organization: | $248,981 |
| Other organizations performing similar types of work: | $159,023 |
Income to expenses ratio in 2013: 0.6
| Grand Central Charities Inc: | 0.6 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 103.8%
| Grand Central Charities Inc: | 103.8% |
| Other organizations performing similar types of work: | 40.4% |
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $149,808 | ||
| Contributions, gifts, grants, and similar amounts received | $155,475 | ||
| 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 | $-5,667 | ||
| Gross amount from sale of assets other than inventory | $0 | ||
| Less: cost or other basis and sales expenses | $5,667 | ||
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | ||
| Other revenue | $0 | ||
| Total expenses | $248,981 | ||
| Total net assets | $7,218 | ||
| Excess/Deficit for the year | $-99,173 | ||
| Net assets or fund balances at beginning of year | $106,391 | ||
| Other changes in net assets or fund balances | $0 | ||
| Net assets or fund balances at end of year | $7,218 | ||
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $114,913 | $117,908 | $16,760 |
| Total liabilities | $0 | $11,517 | $9,542 |
| Net assets or fund balances | $7,218 | ||
| Other Information | |||
| 2011 | 2012 | 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 | 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 | 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 | $375,793 |
| Subtotal Support | $908,922 |
| Gifts, grants, contributions, and membership fees received | $908,922 |
| 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 | $533,129 |
| Total Support | $912,887 |
| Public Support | $908,922 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $3,965 |
| 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 | Arrow Child And Family Ministries, Maryland | 2929 Fm 2920 Rd, Spring, TX 77388-3428 | TX | 2003-05 | $12,852,822 |
| 2 | Comptia Investments Inc | 3500 Lacey Rd Ste 100, Downers Grove, IL 60515-5439 | IL | 2010-10 | $11,396,133 |
| 3 | Loomis Senior Living Inc | 246 N Main St, South Hadley, MA 01075-1799 | MA | 1997-08 | $9,540,548 |
| 4 | West Valley Mission Community College District Foundation | 14000 Fruitvale Ave, Saratoga, CA 95070-5640 | CA | 1995-07 | $5,906,330 |
| 5 | Center For Shared Services Trust | 1515 N Courthouse Rd Ste 600, Arlington, VA 22201-2909 | VA | 2011-09 | $5,525,765 |
| 6 | Sandhills Community Care Network Inc | PO BOX 5389, Pinehurst, NC 28374-5389 | NC | 2004-04 | $5,384,905 |
| 7 | Macc Commonwealth Services Inc | 414 S 8th St, Minneapolis, MN 55404-1025 | MN | 2008-07 | $4,228,273 |
| 8 | Social Enterprise Alliance Inc | 4737 County Rd 101 Number 311, Minnetonka, MN 55345 | MN | 2001-02 | $488,180 |
| 9 | Wls Building Company | 112050 Hundertmark Rd, Chaska, MN 55318-2817 | MN | 2001-10 | $317,854 |
| 10 | North East Neighborhood Early Learning Center | 212 3rd Ave N Ste 478, Minneapolis, MN 55401-1474 | MN | 1996-05 | $195,867 |
| 11 | Grand Central Charities Inc | 130 Spur Circle, Wayzata, MN 55391 | MN | 2011-01 | $155,475 |
| 12 | Permanent Family Resource Center | 1220 N Tower Rd, Fergus Falls, MN 56537-4813 | MN | 2000-08 | $130,773 |
| 13 | Nonprofit Partners Inc | 7701 France Ave S Ste 200 2814, Minneapolis, MN 55435-5288 | MN | 2002-12 | $70,765 |
| 14 | Freedom Initiatives | 2171 Pinehurst Dr, Chanhassen, MN 55317-4579 | MN | 2010-10 | $35,726 |
| 15 | Northstar Collaborative Institute | 2233 Univ Ave W Ste 450, Saint Paul, MN 55114-1634 | MN | 2010-01 | $32,000 |
| 16 | Global Facilitators Serving Communities Incorporated | 14985 Glazier Avenue Suite 550, Apple Valley, MN 55124-6534 | MN | 2003-06 | $10,261 |
| 17 | Boardshare Foundation Inc | 1016 Hyacinth Ave E, St Paul, MN 55106-2038 | MN | 2006-01 | $0 |
| 18 | City Garden Trust Inc | 1081 10th Avenue Se, Minneapolis, MN 55414 | MN | 2002-05 | $0 |
| 19 | Northland Computers & Innovation Systems Incorporated | 8299 Hyde Ct S, Cottage Grove, MN 55016-3229 | MN | 2002-11 | $0 |
| 20 | Peninsula Shebes Association | PO BOX 241, Richmond, MN 56368-0241 | MN | 2014-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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