Platinum Minds Inc in Chester, New Jersey (NJ)

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Platinum Minds Inc
Employer Identification Number (EIN)208826409
Name of OrganizationPlatinum Minds Inc
In Care of NameYvette Long
Address95 West Main St Suite 5-166, Chester, NJ 07930-2487
SubsectionCharitable Organization
Ruling Date11/2007
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2014
Assets$10,000 to $24,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$14,693
Amount of Income$42,353
Form 990 Revenue Amount$34,994
National Taxonomy of Exempt Entities (NTEE)Youth Development: Youth Development Programs, Other


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Financial snapshot ($)

Revenue for 2012

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$41,452
Contributions, gifts, grants, and similar amounts received$37,662
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$0
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$3,730
Gross income from gaming$0
Gross income from fundraising events$11,492
Less: direct expenses from gaming and fundraising events$7,762
Gross profit from sales of inventory$0
Other revenue$60
Total expenses$43,052
Total net assets$5,258
Deficit for the year$-1,600
Net assets or fund balances at beginning of year$6,858
Other changes in net assets or fund balances$0
Balance Sheets (for 2012)
Total assets$5,258
Total liabilities$0
Net assets or fund balances$5,258
Other Information (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2012)
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
Support Schedule for Organizations Described in Section 509(a)(2) (for 2012)
2008 - 2012 Total
Total support$223,207
Gifts, grants, contributions, and membership fees received$223,207
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
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
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