Townsend Foundation Inc in Florence, Mississippi (MS)
Table of contents:
| Townsend Foundation Inc | |
| Employer Identification Number (EIN) | 646038620 |
| Name of Organization | Townsend Foundation Inc |
| Address | PO BOX 351, Florence, MS 39073-0351 |
| Activities | Other religious activities, Library, Other school related activities |
| Subsection | Charitable Organization |
| Ruling Date | 04/1970 |
| 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 | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $136,134 |
| Amount of Income | $57,061 |
| Form 990 Revenue Amount | $51,244 |
| National Taxonomy of Exempt Entities (NTEE) | Religion-Related, Spiritual Development: Protestant |
Non-representatives - add comments:
Amount of income in 2013: $57,061 (it was $22,503 in 2012)
| This organization: | $57,061 |
| Other organizations performing similar types of work: | $125,203 |
Assets in 2013: $136,134 (it was $133,924 in 2012)
| Townsend Foundation Inc: | $136,134 |
| Other organizations performing similar types of work: | $92,601 |
Expenses in 2013: $49,034
| Townsend Foundation Inc: | $49,034 |
| Other organizations performing similar types of work: | $122,111 |
Income to expenses ratio in 2013: 1.2
| This organization: | 1.2 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 50.1% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total revenue | $46,826 | $31,459 | $22,503 | $51,244 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $0 | $0 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $0 | $1,380 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $22,460 | $13,411 | $0 | $824 |
| Gross sales of inventory, less returns and allowances | $40,439 | $13,865 | $0 | $6,641 |
| Less: cost of goods sold | $17,979 | $454 | $0 | $5,817 |
| Other revenue | $24,366 | $16,668 | $22,503 | $50,420 |
| Total expenses | $78,581 | $65,382 | $42,357 | $49,034 |
| Total net assets | $186,500 | $152,577 | $132,723 | $134,933 |
| Excess/Deficit for the year | $-31,755 | $-33,923 | $-19,854 | $2,210 |
| Net assets or fund balances at beginning of year | $218,255 | $186,500 | $152,577 | $132,723 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $132,723 | $134,933 | ||
| Balance Sheets | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total assets | $187,745 | $153,783 | $133,924 | $136,134 |
| Total liabilities | $1,245 | $1,206 | $1,201 | $1,201 |
| Net assets or fund balances | $186,500 | $152,577 | $132,723 | $134,933 |
| Other Information | ||||
| 2010 | 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 | Yes | Yes | Yes | Yes |
| Has the organization filed a Form 990-T for the year? | Yes | Yes | ||
| 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 | $0 |
| Gross receipts for public use of club facilities | $0 | $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 organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
| Number of organizations supported | 1 |
| Sum of amounts of support | $0 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $63,290 | $0 | $63,290 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $0 | $0 | $0 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $63,290 | $0 | $63,290 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $114,426 |
| Compensation of officers, directors, and trustees | $38,754 |
| Salaries and wages | $44,351 |
| Repairs and maintenance | $4,220 |
| Bad debts | $546 |
| Interest | $0 |
| Taxes and licenses | $8,239 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $18,316 |
| Unrelated business taxable income | $0 |
| Unrelated business taxable income before net operating loss deduction | $51,136 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $51,136 |
| Specific deduction | $1,000 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Spirit Of Life Childrens Shelter Of Hinds County Inc | 2001 N West St, Jackson, MS 39202-1037 | MS | 1993-03 | $279,673 |
| 2 | Abundant Life Evangelistic Center | 172 Rodenberg Ave, Biloxi, MS 39531-5323 | MS | 1995-08 | $0 |
| 3 | Abundant Life Outreach Ministries | 110 Winnsboro Ct, Jackson, MS 39206-2520 | MS | 1996-04 | $0 |
| 4 | Amazing Institutional Church Of God In Christ | 2603 W Capitol St, Jackson, MS 39209-4231 | MS | 1995-05 | $0 |
| 5 | Baptist Missionary Association Of Mississippi Foundation Inc | PO BOX 4247, Laurel, MS 39441-4247 | MS | 1995-03 | $0 |
| 6 | Bible Research Fellowship Inc | PO BOX 1257, Clinton, MS 39060-1257 | MS | 1998-08 | $0 |
| 7 | Bible Speaks Inc | 112 Longmeadow Road, Brandon, MS 39042 | MS | 1991-04 | $0 |
| 8 | Bible-Way Ministries Inc | Po Box 1301, Ocean Springs, MS 39566 | MS | 1993-08 | $0 |
| 9 | Christ Temple Church | Rr 1 Box 327, Fayette, MS 39069-9552 | MS | 1995-03 | $0 |
| 10 | Church Of Christ Doctrine Inc | PO BOX 20700, Jackson, MS 39289-1700 | MS | 1995-03 | $0 |
| 11 | Church Of Christ Holiness U S A | 329 E Monument St, Jackson, MS 39202-2857 | MS | 1980-02 | $0 |
| 12 | Dr Mike Lips Ministry In Mental Health Evangelism Incorporated | 2320 Hwy 550 Nw, Brookhaven, MS 39601 | MS | 1995-02 | $0 |
| 13 | Faith Arena Church | 130 Collins Rd, Laurel, MS 39443-7886 | MS | 1995-08 | $0 |
| 14 | First Baptist Church Of Greenville Ms | 443 Redbud St, Greenville, MS 38701-3047 | MS | 1995-07 | $0 |
| 15 | Full Gospel Missionary Church | 1504 19th St N, Columbus, MS 39701-2422 | MS | 1996-02 | $0 |
| 16 | Glen Savell Ministries Inc | Po Box 374, Houston, MS 38851 | MS | 1991-11 | $0 |
| 17 | Gulfport Full-Gospel Baptist Inc | 2626 Samuel St, Gulfport, MS 39503-3779 | MS | 1996-03 | $0 |
| 18 | Hope Thru Truth Ministries | 102 Hickory Ln, Clinton, MS 39056-5413 | MS | 1996-03 | $0 |
| 19 | Jesus Christ Apostolic Church Of Restitution Inc | PO BOX 2014, Ocean Springs, MS 39566-2014 | MS | 1995-01 | $0 |
| 20 | Jesus Is Lord Celebration Inc | 414 Broad Street, Starkville, MS 39759 | MS | 1995-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,790 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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