Mississippi Magic Inc Of Jackson Ms in Jackson, Mississippi (MS)
Table of contents:
| Mississippi Magic Inc Of Jackson Ms | |
| Employer Identification Number (EIN) | 640855213 |
| Name of Organization | Mississippi Magic Inc Of Jackson Ms |
| In Care of Name | James Clayton |
| Address | PO BOX 11693, Jackson, MS 39283-1693 |
| Activities | Described in section 509(a)(2) of the Code, Other sports or athletic activities, Aid to the handicapped (see also 031) |
| Subsection | Charitable Organization |
| Ruling Date | 05/1995 |
| 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 | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $240 |
| Amount of Income | $7,812 |
| Form 990 Revenue Amount | $7,812 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Fairs, County and Other |
Non-representatives - add comments:
Amount of income in 2013: $7,812 (it was $7,687 in 2012)
| This organization: | $7,812 |
| Other organizations performing similar types of work: | $88,559 |
Assets in 2013: $240 (it was $1,139 in 2012)
| This organization: | $240 |
| Other organizations performing similar types of work: | $44,967 |
Expenses in 2013: $9,191
| This organization: | $9,191 |
| Other organizations performing similar types of work: | $68,935 |
Income to expenses ratio in 2013: 0.8
| Mississippi Magic Inc Of Jackson Ms: | 0.8 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 7.4% |
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $6,321 | $7,687 | $7,812 |
| Contributions, gifts, grants, and similar amounts received | $6,321 | $7,687 | $7,812 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| 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 | $5,449 | $11,567 | $9,191 |
| Total net assets | $5,019 | $1,139 | $-240 |
| Excess/Deficit for the year | $872 | $-3,880 | $-1,379 |
| Net assets or fund balances at beginning of year | $4,147 | $5,019 | $1,139 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $1,139 | $-240 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $5,019 | $1,139 | $-240 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $5,019 | $1,139 | $-240 |
| 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: (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 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $54,575 |
| Subtotal | $54,575 |
| Gifts, grants, contributions, and membership fees received | $46,278 |
| 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 | $8,297 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $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 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $54,575 |
| Public support | $54,575 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Three County Fairgrounds Redevelopment Corporation | PO BOX 305, Northampton, MA 01061-0305 | MA | 2008-06 | $3,910,810 |
| 2 | Santa Clara County Fair Grounds Management Corporation Inc | 344 Tully Rd, San Jose, CA 95111-1913 | CA | 1997-06 | $3,648,641 |
| 3 | Southwest Florida And Lee County Fair Assoc Inc, Lee Civic Center | 11831 Bayshore Rd Lee Civic Center, North Fort Myers, FL 33917 | FL | 2010-06 | $3,000,587 |
| 4 | Indiana State Fair Foundation Inc | 1202 E 38th St, Indianapolis, IN 46205-2807 | IN | 2015-04 | $2,749,432 |
| 5 | Sioux Empire Fair Association | 100 N Lyons Blvd, Sioux Falls, SD 57107-0202 | SD | 1941-01 | $2,538,909 |
| 6 | Ye Mystic Krewe Of Gasparilla | PO BOX 1514, Tampa, FL 33601-1514 | FL | 1940-09 | $2,061,572 |
| 7 | Mississippi Gulf Coast Billfish Classic Inc | PO BOX 26, Biloxi, MS 39533-0026 | MS | 1999-09 | $1,543,444 |
| 8 | Waller County Fair Association | PO BOX 911, Hempstead, TX 77445-0911 | TX | 2007-07 | $1,529,374 |
| 9 | Daytona Beach Internationalfestival Inc | 221 N Beach St, Daytona Beach, FL 32114-3321 | FL | 2007-10 | $1,444,791 |
| 10 | Delaware County Fair Society Inc | 200 East Acers, Manchester, IA 52057 | IA | 2014-09 | $1,360,141 |
| 11 | Jim Wells County Fair Assn | PO BOX 3664, Alice, TX 78333-3664 | TX | 2012-10 | $1,212,067 |
| 12 | Weber Cultural Legacy Foundation | 2440 Washington Blvd, Ogden, UT 84401-2312 | UT | 2001-06 | $1,121,113 |
| 13 | Nereids Inc | PO BOX 111, Waveland, MS 39576-0111 | MS | 2006-10 | $229,903 |
| 14 | North Mississippi Hill Countrypicnic Inc | PO BOX 392, Potts Camp, MS 38659-0392 | MS | 2007-05 | $79,271 |
| 15 | Pontotoc County Fair Association | 1545 Hall Rd, Pontotoc, MS 38863-8982 | MS | 2010-03 | $49,281 |
| 16 | Yocona International Folk Festival | Po Box 307, Oxford, MS 38655 | MS | 2006-11 | $18,930 |
| 17 | Mississippi Magic Inc Of Jackson Ms | PO BOX 11693, Jackson, MS 39283-1693 | MS | 1995-05 | $7,812 |
| 18 | Farish St Heritage Festival Inc | P O Box 59554, Jackson, MS 39204 | MS | 2011-01 | $0 |
| 19 | Little Sturgis Ms Inc | PO BOX 203, Sturgis, MS 39769-0203 | MS | 2000-05 | $0 |
| 20 | Shorty Foundation Inc | 153 Plummer Cir, Jackson, MS 39212-2337 | MS | 2014-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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