North Branch Area Education Foundation in North Branch, Minnesota (MN)
Table of contents:
| North Branch Area Education Foundation | |
| Employer Identification Number (EIN) | 272029579 |
| Name of Organization | North Branch Area Education Foundation |
| In Care of Name | DANIEL DEWAN |
| Address | 5842 Old Main Street No 7-4, North Branch, MN 55056 |
| Subsection | Charitable Organization |
| Ruling Date | 04/2012 |
| 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 | 2010 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $117,736 |
| Amount of Income | $87,057 |
| Form 990 Revenue Amount | $71,760 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2010: $87,057 (it was $71,760 in 2013)
| North Branch Area Education Foundation: | $87,057 |
| Other organizations performing similar types of work: | $210,183 |
Assets in 2010: $117,736 (it was $117,736 in 2013)
| This organization: | $117,736 |
| Other organizations performing similar types of work: | $888,646 |
Expenses in 2013: $34,215
| This organization: | $34,215 |
| Other organizations performing similar types of work: | $110,000 |
Income to expenses ratio in 2013: 2.5
| This organization: | 2.5 |
| Other organizations performing similar types of work: | 1.5 |
Grants share in income in 2013: 55.4%
| This organization: | 55.4% |
| Other organizations performing similar types of work: | 4.4% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $42,483 | $52,313 | $71,760 |
| Contributions, gifts, grants, and similar amounts received | $41,466 | $42,135 | $39,726 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $219 | $639 | $6,537 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $798 | $9,539 | $25,497 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $8,455 | $18,139 | $40,794 |
| Less: direct expenses from gaming and fundraising events | $7,657 | $8,600 | $15,297 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $15,789 | $25,275 | $34,215 |
| Total net assets | $51,234 | $80,190 | $117,736 |
| Excess/Deficit for the year | $26,694 | $27,038 | $37,545 |
| Net assets or fund balances at beginning of year | $24,818 | $51,234 | $80,191 |
| Other changes in net assets or fund balances | $-278 | $1,918 | $0 |
| Net assets or fund balances at end of year | $80,190 | $117,735 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $51,234 | $80,190 | $117,736 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $51,234 | $80,190 | $117,736 |
| 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 | $156,438 |
| Subtotal Support | $156,438 |
| Gifts, grants, contributions, and membership fees received | $156,438 |
| 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 | $156,438 |
| Public Support | $156,438 |
| 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. | $0 |
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| 19 | Round Top - Carmine Education Foundation | 608 N Washington St, Round Top, TX 78954 | TX | 2011-10 | $94,498 |
| 20 | North Branch Area Education Foundation | 5842 Old Main Street No 7-4, North Branch, MN 55056 | MN | 2012-04 | $87,057 |
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