Manasquan High School Endowment And Alumni Fund in Manasquan, New Jersey (NJ)
Table of contents:
| Manasquan High School Endowment And Alumni Fund | |
| Employer Identification Number (EIN) | 223005076 |
| Name of Organization | Manasquan High School Endowment And Alumni Fund |
| In Care of Name | Thomas R Percello |
| Address | 169 Broad St, Manasquan, NJ 08736-2858 |
| Activities | Endowment fund or financial services |
| Subsection | Charitable Organization |
| Ruling Date | 03/1991 |
| 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 | 06/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $98,569 |
| Amount of Income | $47,252 |
| Form 990 Revenue Amount | $25,643 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2013: $47,252 (it was $387 in 2012)
| This organization: | $47,252 |
| Other organizations performing similar types of work: | $120,160 |
Assets in 2013: $98,569 (it was $210,785 in 2012)
| Manasquan High School Endowment And Alumni Fund: | $98,569 |
| Other organizations performing similar types of work: | $450,518 |
Expenses in 2013: $40,888
| Manasquan High School Endowment And Alumni Fund: | $40,888 |
| Other organizations performing similar types of work: | $61,287 |
Income to expenses ratio in 2013: 1.2
| This organization: | 1.2 |
| Other organizations performing similar types of work: | 7.3 |
Grants share in income in 2013: 2.7%
| This organization: | 2.7% |
| Other organizations performing similar types of work: | 8.9% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $15,440 | $387 | $25,643 |
| Contributions, gifts, grants, and similar amounts received | $13,960 | $0 | $688 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $1,480 | $387 | $809 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $766 |
| Gross amount from sale of assets other than inventory | $0 | $0 | $4,730 |
| Less: cost or other basis and sales expenses | $0 | $0 | $3,964 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $23,380 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $0 | $0 | $41,025 |
| Less: direct expenses from gaming and fundraising events | $0 | $0 | $17,645 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $8,904 | $5,848 | $40,888 |
| Total net assets | $214,627 | $210,785 | $98,569 |
| Excess/Deficit for the year | $6,536 | $-5,461 | $-15,245 |
| Net assets or fund balances at beginning of year | $209,695 | $214,627 | $210,785 |
| Other changes in net assets or fund balances | $-1,604 | $1,619 | $-96,971 |
| Net assets or fund balances at end of year | $98,569 | ||
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $214,627 | $210,785 | $98,569 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $214,627 | $210,785 | $98,569 |
| Other Information | |||
| 2011 | 2012 | 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 | No | 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 | $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 | ||
| 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: (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 | $203,213 |
| Subtotal | $203,213 |
| Gifts, grants, contributions, and membership fees received | $203,213 |
| 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 | $204,833 |
| Public support | $203,213 |
| Subtotal | $1,620 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,620 |
| 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 | William A Kerr Foundation | PO BOX 1501, Pennington, NJ 08534-0671 | NJ | 1998-01 | $7,837,595 |
| 2 | The Gurwin Family Foundation Inc | 5 Coventry Rd, Livingston, NJ 07039-5105 | NJ | 1998-06 | $4,313,579 |
| 3 | William M And Helen L Close Fam Foundation | PO BOX 1501, Pennington, NJ 08534-0671 | NJ | 1998-03 | $2,404,092 |
| 4 | Thomas P Waters Foundation | 605 Main St Ste 212, Riverton, NJ 08077-1440 | NJ | 1996-08 | $2,058,038 |
| 5 | The A L Levine Family Foundation Inc | 1 Wayne Hills Mall, Wayne, NJ 07470-3228 | NJ | 1995-07 | $1,840,616 |
| 6 | Wagner Family Foundation Inc | 325 Columbia Tpke Ste 202, Florham Park, NJ 07932-1212 | NJ | 1998-03 | $1,410,675 |
| 7 | Sandra S Kupperman Foundation Inc | PO BOX 1917, Morristown, NJ 07962-1917 | NJ | 1998-05 | $1,229,110 |
| 8 | Willingham Foundation | PO BOX 1501, Pennington, NJ 08534-0671 | NJ | 1991-12 | $1,073,198 |
| 9 | The Martin And Florence Roffman Family Foundation | 35 Monhegan St, Clifton, NJ 07013-2000 | NJ | 1998-08 | $997,195 |
| 10 | William K Lee M D Foundation Inc | 747 Shoshone Trl, Franklin Lks, NJ 07417-2252 | NJ | 1998-08 | $836,158 |
| 11 | The Chad School Foundation Inc | 40 Clinton St, Newark, NJ 07102-3727 | NJ | 1992-11 | $542,383 |
| 12 | Tungare Manohar Family Foundation Inc | 200 Lanidex Plz Fl 2, Parsippany, NJ 07054-2747 | NJ | 1997-10 | $536,942 |
| 13 | Uja-Add Foundation Inc | 50 Eisenhower Dr, Paramus, NJ 07652-1429 | NJ | 1998-02 | $485,177 |
| 14 | Virginia Metzler Family Charitable Foundation | 32 Sterling Dr, Chatham, NJ 07928-4102 | NJ | 1997-09 | $421,389 |
| 15 | Weathers Family Foundation | PO BOX 1501, Pennington, NJ 08534-0671 | NJ | 1997-07 | $419,514 |
| 16 | Spohler Foundation Inc | PO BOX 444, Bedminster, NJ 07921-0444 | NJ | 1998-04 | $344,284 |
| 17 | Theodore A Opdenaker Foundation | PO BOX 1501, Pennington, NJ 08534-0671 | NJ | 1997-10 | $279,287 |
| 18 | Totowa Education Foundation Inc | 294 Totowa Rd, Totowa, NJ 07512-2661 | NJ | 1992-04 | $242,223 |
| 19 | Dombal-Vogel Foundation A New Jersey Non-Profit Corporation | 1104 Crim Rd, Bridgewater, NJ 08807-1872 | NJ | 1995-05 | $236,747 |
| 20 | Tabak Family Foundation Inc | 1031 Wyandotte Trl, Westfield, NJ 07090-3734 | NJ | 1997-03 | $226,595 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 5,225 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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