Kms Memorial Ride in Franklin, Minnesota (MN)
Table of contents:
| Kms Memorial Ride | |
| Employer Identification Number (EIN) | 261485883 |
| Name of Organization | Kms Memorial Ride |
| In Care of Name | Josh Robertson |
| Address | P O Box 327, Franklin, MN 55333 |
| Website | http://kmsride.com |
| Subsection | Charitable Organization |
| Ruling Date | 08/2008 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 2014 |
| Assets | $0 |
| Income | $0 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $53,453 |
| Amount of Income | $25,923 |
| Form 990 Revenue Amount | $25,923 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2014: $25,923 (it was $50,912 in 2012)
| This organization: | $25,923 |
| Other organizations performing similar types of work: | $72,190 |
Assets in 2014: $53,453 (it was $32,624 in 2012)
| This organization: | $53,453 |
| Other organizations performing similar types of work: | $42,723 |
Expenses in 2012: $38,939
| This organization: | $38,939 |
| Other organizations performing similar types of work: | $42,209 |
Income to expenses ratio in 2012: 0.7
| This organization: | 0.7 |
| Other organizations performing similar types of work: | 0.4 |
Grants share in income in 2012: 2.5%
| This organization: | 2.5% |
| Other organizations performing similar types of work: | 4.7% |
Revenue for 2012
| Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012) | |
| Total revenue | $18,110 |
| Contributions, gifts, grants, and similar amounts received | $450 |
| Program service revenue including government fees and contracts | $10,860 |
| Membership dues and assessments | $0 |
| Investment income | $0 |
| Gain from sale of assets other than inventory | $0 |
| Net income from gaming and fundraising events | $5,559 |
| Gross income from gaming | $28,450 |
| Gross income from fundraising events | $0 |
| Less: direct expenses from gaming and fundraising events | $22,891 |
| Gross profit from sales of inventory | $1,198 |
| Gross sales of inventory, less returns and allowances | $11,109 |
| Less: cost of goods sold | $9,911 |
| Other revenue | $43 |
| Total expenses | $38,939 |
| Total net assets | $32,624 |
| Deficit for the year | $-20,829 |
| Net assets or fund balances at beginning of year | $53,453 |
| Other changes in net assets or fund balances | $0 |
| Balance Sheets (for 2012) | |
| Total assets | $32,624 |
| Total liabilities | $0 |
| Net assets or fund balances | $32,624 |
| Other Information (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Reason for Public Charity Status (for 2012) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total support | $450 |
| Gifts, grants, contributions, and membership fees received | $450 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $0 |
| 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 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Rotary International, South Hill Rotary Club | PO BOX 922, South Hill, VA 23970-0922 | VA | 2008-06 | $70,044 |
| 2 | Car Donation Foundation | 5101 Highway 55 Suite 1000, Golden Valley, MN 55422 | MN | 2009-05 | $61,770,376 |
| 3 | The Thomas Burnette Family Foundation, Burnett Deena L | PO BOX 633, Northfield, MN 55057-0633 | MN | 2002-11 | $231,039 |
| 4 | Harbingers Of Peace Exchange, Dotopia | 2708 Irving Avenue South, Minneapolis, MN 55408 | MN | 2010-04 | $163,000 |
| 5 | Art 2 Heart | 122 Hamel Rd, Hamel, MN 55340-4530 | MN | 2008-11 | $98,119 |
| 6 | Bloomington Heritage Days | PO BOX 385845, Bloomington, MN 55438 | MN | 2010-01 | $97,742 |
| 7 | Eagles Wings Foundation | 730 Second Avenue South, Minneapolis, MN 55402 | MN | 2012-01 | $86,201 |
| 8 | Gunflint Trail Events Inc | 189 Sag Lake Trail, Grand Marais, MN 55604 | MN | 2010-04 | $68,237 |
| 9 | East Grand Forks Elementary Ptoorganization | 1427 6th Ave Nw, E Grand Forks, MN 56721-1402 | MN | 2009-11 | $35,948 |
| 10 | Welsh Charitable Foundation | 4350 Baker Rd Ste 400, Minneapolis, MN 55343-8628 | MN | 2001-11 | $14,445 |
| 11 | Southern Twin Cities Realtors Charitable Foundation | 4490 Erin Dr, Eagan, MN 55122-2357 | MN | 2003-10 | $7,053 |
| 12 | Gilbert R Darkenwald Foundation | 6570 Packard Ave Ne, Elk River, MN 55330-6412 | MN | 1999-09 | $7,000 |
| 13 | Wild Women Weaving Change | 703 E Center St, Rochester, MN 55904-4603 | MN | 2008-05 | $3,370 |
| 14 | Team Henry | 322 Main St N Box 233, Clara City, MN 56222 | MN | 2014-07 | $1,588 |
| 15 | Gateway Community Resources | Po Box 924, Wayzata, MN 55391 | MN | 2012-01 | $1,576 |
| 16 | 1dollarcluborg Foundation | 50 S 6th St Ste 1500, Minneapolis, MN 55402-1498 | MN | 2008-05 | $0 |
| 17 | Andy Wallen Peace Association | 12340 70th Ave N, Maple Grove, MN 55369 | MN | 2010-07 | $0 |
| 18 | Anytime Fitness Charitable Foundation | 12181 Margo Avenue S Ste 100, Hastings, MN 55033 | MN | 2009-04 | $0 |
| 19 | Belgrade Nursing Home Auxiliary | PO BOX 340, Belgrade, MN 56312 | MN | 2014-09 | $0 |
| 20 | Beyond The Yellow Ribbon Program Of Martin County Mn | Po Box 652, Fairmont, MN 56031 | MN | 2015-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,544 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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