Leadership & Competitive Excellancefoundation, Lace Foundation in Bloomfield, New Jersey (NJ)
Table of contents:
| Leadership & Competitive Excellancefoundation, Lace Foundation | |
| Employer Identification Number (EIN) | 204207474 |
| Name of Organization | Leadership & Competitive Excellancefoundation |
| Secondary Name | Lace Foundation |
| In Care of Name | William Colgan |
| Address | 2 Broad Street, Bloomfield, NJ 07003-2547 |
| Subsection | Charitable Organization |
| Ruling Date | 01/2007 |
| 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 | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $44,626 |
| Amount of Income | $58,850 |
| Form 990 Revenue Amount | $58,850 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2013: $58,850 (it was $61,200 in 2012)
| This organization: | $58,850 |
| Other organizations performing similar types of work: | $68,572 |
Assets in 2013: $44,626 (it was $20,350 in 2012)
| This organization: | $44,626 |
| Other organizations performing similar types of work: | $26,793 |
Expenses in 2013: $34,574
| This organization: | $34,574 |
| Other organizations performing similar types of work: | $43,073 |
Income to expenses ratio in 2013: 1.7
| This organization: | 1.7 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2013: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 48.5% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $77,650 | $61,200 | $58,850 |
| Contributions, gifts, grants, and similar amounts received | $77,650 | $61,200 | $58,850 |
| 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 | $75,723 | $43,143 | $34,574 |
| Total net assets | $2,293 | $20,350 | $44,626 |
| Excess/Deficit for the year | $1,927 | $18,057 | $24,276 |
| Net assets or fund balances at beginning of year | $366 | $2,293 | $20,350 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $20,350 | $44,626 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $2,293 | $20,350 | $44,626 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $2,293 | $20,350 | $44,626 |
| 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 | $323,327 |
| Subtotal | $323,327 |
| Gifts, grants, contributions, and membership fees received | $323,327 |
| 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 | $0 |
| 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 | $323,327 |
| Public support | $323,327 |
| 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 | Chester Lions Nj Charitable Foundation Inc | PO BOX 126, Chester, NJ 07930-0126 | NJ | 2011-08 | $168,748 |
| 2 | North Jersey Extreme | 49 Valley Rd, Butler, NJ 07405-1717 | NJ | 2012-05 | $167,762 |
| 3 | Kasbp Inc | 9 Greenbrier Rd, Green Brook, NJ 08812-2018 | NJ | 2014-05 | $149,481 |
| 4 | Emersons Parents For Athletes Inc | 86 Palisade Ave, Emerson, NJ 07630-1822 | NJ | 2013-10 | $102,379 |
| 5 | New Providence High School Athletic Booster Club Inc, Nphs Athletic Booster Club | 35 Pioneer Dr, New Providnce, NJ 07974-1515 | NJ | 2012-10 | $96,116 |
| 6 | Wyckoff Traveling Baseball-Softball Boosters Inc | 471 Florence Ave, Wyckoff, NJ 07481-1817 | NJ | 1996-01 | $89,458 |
| 7 | Parsippany Hills Football Parents Association A Nj Non-Profit Corp | PO BOX 5744, Parsippany, NJ 07054-6744 | NJ | 2014-07 | $72,357 |
| 8 | Scotch Plains Fanwood High School Blue Raider Athletic Booster Club, Blue Raider Athletics Booster Cl | 667 Westfield Rd, Scotch Plains, NJ 07076-2120 | NJ | 2004-02 | $46,733 |
| 9 | Star Athletics Cheerleading Parents Association | 85 Fulton St, Boonton, NJ 07005 | NJ | 2012-09 | $44,885 |
| 10 | Toms River Ice-Skating For Community Enrichment | 1211 Whitesville Rd, Toms River, NJ 08755-4129 | NJ | 2003-09 | $457 |
| 11 | 2006 Hamilton Twp World Series Corporation | PO BOX 11188, Yardville, NJ 08620-0188 | NJ | 2006-01 | $0 |
| 12 | Barley Legal Homebrewers | 31 Woodlawn Ave, Collingswood, NJ 08108-1522 | NJ | 2014-12 | $0 |
| 13 | Cape May Tennis Club Foundation Inc, Cmtc Foundation | 1020 Washington St, Cape May, NJ 08204-1737 | NJ | 2014-09 | $0 |
| 14 | Cchs-All Sports Varsity Booster Club Inc | 1701 New York Ave, Egg Harbor City, NJ 08215 | NJ | 2014-06 | $0 |
| 15 | Cghs Lacrosse Booster Club | 17 Old Quarry Rod, Cedar Grove, NJ 07009 | NJ | 2015-01 | $0 |
| 16 | Clarinda M Brueck Handicapped Athletic Fund | 432 Sherman Pl, Fairview, NJ 07022 | NJ | 1994-04 | $0 |
| 17 | Dance Impressions Parent Association | 45 Hilda Court, Red Bank, NJ 07701 | NJ | 2008-05 | $0 |
| 18 | Edison Township Ice Hockey Parentsassociation Inc | 8 Wactson Ct E, Edison, NJ 08820 | NJ | 2008-05 | $0 |
| 19 | Elmwood Park Memorial High School Cheerleading | 375 River Drive, Elmwood Park, NJ 07407 | NJ | 2010-01 | $0 |
| 20 | Friends Of Archie N Chiles Board | Po Box 5674, Somerset, NJ 08875 | NJ | 2000-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,313 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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