Icelandic Communities Association in Mountain, North Dakota (ND)
Table of contents:
| Icelandic Communities Association | |
| Employer Identification Number (EIN) | 300104966 |
| Name of Organization | Icelandic Communities Association |
| In Care of Name | Curtis Olafson |
| Address | Po Box 63, Mountain, ND 58262 |
| Website | http://www.august2nd.com |
| Subsection | Educational Organization |
| Ruling Date | 05/2003 |
| 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 | 2012 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $41,282 |
| Amount of Income | $55,979 |
| Form 990 Revenue Amount | $51,246 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Humanities Organizations |
Non-representatives - add comments:
Amount of income in 2012: $55,979 (it was $51,246 in 2013)
| Icelandic Communities Association: | $55,979 |
| Other organizations performing similar types of work: | $58,064 |
Assets in 2012: $41,282 (it was $41,282 in 2013)
| This organization: | $41,282 |
| Other organizations performing similar types of work: | $31,483 |
Expenses in 2013: $40,707
| This organization: | $40,707 |
| Other organizations performing similar types of work: | $49,504 |
Income to expenses ratio in 2013: 1.4
| This organization: | 1.4 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 11.4%
| This organization: | 11.4% |
| Other organizations performing similar types of work: | 63.6% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |
| 2013 | |
|---|---|
| Total revenue | $51,246 |
| Contributions, gifts, grants, and similar amounts received | $5,855 |
| Program service revenue including government fees and contracts | $38,842 |
| Membership dues and assessments | $1,930 |
| Investment income | $49 |
| Gain/Loss from sale of assets other than inventory | $0 |
| Net income/loss from gaming and fundraising events | $2,739 |
| Gross income from gaming | $0 |
| Gross income from fundraising events | $4,249 |
| Less: direct expenses from gaming and fundraising events | $1,510 |
| Gross profit/loss from sales of inventory | $1,093 |
| Gross sales of inventory, less returns and allowances | $4,316 |
| Less: cost of goods sold | $3,223 |
| Other revenue | $738 |
| Total expenses | $40,707 |
| Total net assets | $41,282 |
| Excess/Deficit for the year | $10,539 |
| Net assets or fund balances at beginning of year | $30,743 |
| Other changes in net assets or fund balances | $0 |
| Net assets or fund balances at end of year | $41,282 |
| Balance Sheets | |
| 2013 | |
|---|---|
| Total assets | $41,282 |
| Total liabilities | $0 |
| Net assets or fund balances | $41,282 |
| Other Information | |
| 2013 | |
|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No |
| Were any significant changes made to the organizing or governing documents? | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
| Has the organization filed a Form 990-T for the year? | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No |
| Amount of political expenditures, direct or indirect | $0 |
| Did the organization file Form 1120-POL for this year? | 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 |
| Total amount involved | $0 |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $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 |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | 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 | $54,487 |
| Subtotal Support | $54,487 |
| Gifts, grants, contributions, and membership fees received | $54,487 |
| 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 | $55,576 |
| Public Support | $54,487 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $868 |
| 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 | $221 |
| Gross receipts from related activities, etc. | $187,758 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Barbara Bush Foundation For Family Literacy Inc | 516 N Adams St, Tallahassee, FL 32301-1112 | FL | 2007-12 | $29,857,951 |
| 2 | Partners Asia | PO BOX 18027, Seattle, WA 98118-0027 | WA | 2012-08 | $3,931,731 |
| 3 | Riverledge Foundation Ltd, Riverledge Foundation | 2060 Townshend Road, Grafton, VT 05146 | VT | 2010-02 | $3,834,126 |
| 4 | Dodson Foundation, Clarabele Steele Dodson Ttee | 4200 S Hulen Ste 21405, Fort Worth, TX 76109-4914 | TX | 2011-01 | $1,150,806 |
| 5 | Research Society Of Victorian Periodicals, Research Society For Victorian Periodicals | 10540 Johnson Road, Bloomington, MN 55437 | MN | 1999-10 | $924,977 |
| 6 | Snowbird Renaissance Center | PO BOX 929000, Snowbird, UT 84092-9000 | UT | 2005-06 | $772,569 |
| 7 | World Congress Of Russian Jewry | 1100 Coney Island Ave Ste 409a, Brooklyn, NY 11230-2342 | NY | 2004-06 | $735,495 |
| 8 | Shokookai Of Portland | 10700 Sw Bvtn Hlsdale Hwy 600, Beaverton, OR 97005 | OR | 1992-09 | $704,975 |
| 9 | South Dakota-Regional Traveling Studies | 4280 Peridot Ln, Rapid City, SD 57702-9120 | SD | 2000-04 | $661,087 |
| 10 | China Educational Exchange Inc, Mennonite Partners In China | 1251 Virginia Avenue, Harrisonburg, VA 22802 | VA | 2002-01 | $583,349 |
| 11 | Paideia Institute For Humanistic Study | 2711 Centerville Rd Ste 400, Wilmington, DE 19808-1645 | DE | 2013-04 | $579,232 |
| 12 | Global Language Project Inc | 1 Little W 12th St, New York, NY 10014-1302 | NY | 2010-03 | $564,917 |
| 13 | Vedanta Cultural Foundation Usa Inc | 500 Crossfields Ln, Somerset, NJ 08873-6012 | NJ | 2003-08 | $558,634 |
| 14 | Enlighten Culture And Education Foundation | PO BOX 321242, Los Gatos, CA 95032-0120 | CA | 2009-06 | $532,139 |
| 15 | Get Lit Words Ignite Inc | 672 S La Fayette Park Pl Ste 30, Los Angeles, CA 90057-3234 | CA | 2009-09 | $515,950 |
| 16 | Samskrita Bharati | 2068 Walsh Ave Ste B2, Santa Clara, CA 95050-2530 | CA | 2001-05 | $512,896 |
| 17 | The Stanford White Casino Theatre | 100 Ochre Point Ave, Newport, RI 02840-4149 | RI | 2005-07 | $482,384 |
| 18 | Society For Creative Anachronism Inc, Pennsic Wars Inc | PO BOX 360789, Milpitas, CA 95036-0789 | CA | 2010-11 | $455,394 |
| 19 | Goodtime Chinese Center | 3538 Nw Blackcomb Dr, Portland, OR 97229 | OR | 2010-06 | $410,876 |
| 20 | Icelandic Communities Association | Po Box 63, Mountain, ND 58262 | ND | 2003-05 | $55,979 |
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