Itasca-Mantrap Co-Op Electricalassn Trust in Park Rapids, Minnesota (MN)
Table of contents:
| Itasca-Mantrap Co-Op Electricalassn Trust | |
| Employer Identification Number (EIN) | 205048055 |
| Name of Organization | Itasca-Mantrap Co-Op Electricalassn Trust |
| In Care of Name | Michael Monsrud |
| Address | PO BOX 192, Park Rapids, MN 56470-0192 |
| Subsection | Charitable Organization |
| Ruling Date | 02/2009 |
| 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 | $50,694 |
| Amount of Income | $89,745 |
| Form 990 Revenue Amount | $89,745 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2013: $89,745 (it was $63,946 in 2012)
| Itasca-Mantrap Co-Op Electricalassn Trust: | $89,745 |
| Other organizations performing similar types of work: | $60,000 |
Assets in 2013: $50,694 (it was $17,795 in 2012)
| Itasca-Mantrap Co-Op Electricalassn Trust: | $50,694 |
| Other organizations performing similar types of work: | $38,951 |
Expenses in 2013: $56,846
| This organization: | $56,846 |
| Other organizations performing similar types of work: | $33,868 |
Income to expenses ratio in 2013: 1.6
| Itasca-Mantrap Co-Op Electricalassn Trust: | 1.6 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2013: 99.7%
| This organization: | 99.7% |
| Other organizations performing similar types of work: | 37.8% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $71,975 | $63,946 | $89,745 |
| Contributions, gifts, grants, and similar amounts received | $71,556 | $63,517 | $89,462 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $419 | $429 | $283 |
| 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 | $63,789 | $69,901 | $56,846 |
| Total net assets | $23,750 | $17,795 | $50,694 |
| Excess/Deficit for the year | $8,186 | $-5,955 | $32,899 |
| Net assets or fund balances at beginning of year | $15,564 | $23,750 | $17,795 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $17,795 | $50,694 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $23,750 | $17,795 | $50,694 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $23,750 | $17,795 | $50,694 |
| 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 | $337,535 |
| Subtotal Support | $337,535 |
| Gifts, grants, contributions, and membership fees received | $337,535 |
| 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 | $339,475 |
| Public Support | $337,535 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,940 |
| 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 | Lake City Partnership Council | 133b E Main St, Lake City, SC 29560-2626 | SC | 2011-09 | $13,089,389 |
| 2 | Pershing Square Foundation | 10 Melville Park Rd, Melville, NY 11747-3146 | NY | 2009-02 | $10,002,234 |
| 3 | Cedar Street Charitable Foundation Inc | 111 E Kilbourn Ave Ste 200, Milwaukee, WI 53202-6672 | WI | 2009-07 | $8,736,198 |
| 4 | Teamsters Local 986 Charity Fund Inc | 1198 Durfee Ave, S El Monte, CA 91733-4412 | CA | 1989-08 | $8,386,314 |
| 5 | Community Foundation Of Wyandotte County | 9001 W 110th Street, Overland Park, KS 66210-2145 | KS | 2011-09 | $7,879,547 |
| 6 | Fund For Our Economic Future Of Northeast Ohio | 1360 E 9th St Ste 210, Cleveland, OH 44114-1746 | OH | 2009-12 | $6,467,823 |
| 7 | Thomas P And Sondra D Sheehan Charitable Foundation | 515 E Main St, Carmel, IN 46032-2258 | IN | 2009-10 | $4,385,885 |
| 8 | Act For Alexandria | 1421 Prince St Ste 400, Alexandria, VA 22314-2805 | VA | 2009-09 | $4,129,470 |
| 9 | Mille Lacs Trails Snowmobile Club Inc | 31844 235th Ln, Aitkin, MN 56431-2293 | MN | 1999-04 | $2,655,063 |
| 10 | Whirlpool Collective Impact Fund | 2000 N M 63, Benton Harbor, MI 49022-2632 | MI | 2015-03 | $2,377,915 |
| 11 | Center Of Excellence Properties Fund | PO BOX 100, Park City, UT 84060-0100 | UT | 2007-12 | $2,196,000 |
| 12 | Texas Medical Association Foundation | 401 W 15th St, Austin, TX 78701-1670 | TX | 1966-03 | $1,937,497 |
| 13 | Olympia Center Inc | 169 E Flagler St Ste 837, Miami, FL 33131-1203 | FL | 2011-12 | $1,877,996 |
| 14 | Nglcc Foundation | 729 15th Street Nw 9th Floor, Washington, DC 20005 | DC | 2013-01 | $1,029,390 |
| 15 | Tvds | 750 Boone Ave N Ste 112, Golden Valley, MN 55427-4464 | MN | 2002-12 | $162,900 |
| 16 | Itasca-Mantrap Co-Op Electricalassn Trust | PO BOX 192, Park Rapids, MN 56470-0192 | MN | 2009-02 | $89,745 |
| 17 | Partners For A Healthy Wadena Region | Box 355, Wadena, MN 56482 | MN | 2001-02 | $8,612 |
| 18 | Karen Sorbo Foundation | P O Box 16141, Minneapolis, MN 55416 | MN | 2014-09 | $0 |
| 19 | Rogers Rotary Foundation | 806 7th Ave Ne, Buffalo, MN 55313 | MN | 2007-03 | $0 |
| 20 | Storden Area Mens Club | 322 1/2 America Street, Storden, MN 56174 | MN | 2014-11 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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