Princeton Friends Of The Library Inc in Princeton, Minnesota (MN)

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Princeton Friends Of The Library Inc
Employer Identification Number (EIN)411615942
Name of OrganizationPrinceton Friends Of The Library Inc
In Care of NamePatty Jo Budeau
Address100 4th Ave S, Princeton, MN 55371
ActivitiesLibrary
SubsectionCharitable Organization
Ruling Date10/1989
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2014
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$13,297
Amount of Income$5,776
Form 990 Revenue Amount$5,776


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Financial snapshot ($)

Revenue for 2011

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$6,126
Contributions, gifts, grants, and similar amounts received$3,983
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$15
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$2,128
Gross income from gaming$0
Gross income from fundraising events$2,175
Less: direct expenses from gaming and fundraising events$47
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$7,083
Total net assets$12,340
Deficit for the year$-957
Net assets or fund balances at beginning of year$13,297
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$12,340
Total liabilities$0
Net assets or fund balances$12,340
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
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 2011)
2007 - 2011 Total
Total support$13,102
Gifts, grants, contributions, and membership fees received$7,335
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$4,528
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$1,200
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$39
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