Atlantic Credit Foundation Inc in Dix Hills, New York (NY)
Table of contents:
| Atlantic Credit Foundation Inc | |
| Employer Identification Number (EIN) | 113618513 |
| Name of Organization | Atlantic Credit Foundation Inc |
| Address | 3 Glen Hill Ct, Dix Hills, NY 11746-4819 |
| Subsection | Charitable Organization |
| Ruling Date | 04/2002 |
| 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 | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $8,054 |
| Amount of Income | $67,631 |
| Form 990 Revenue Amount | $67,631 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Financial Counseling, Money Management |
Non-representatives - add comments:
Amount of income in 2013: $67,631 (it was $92,717 in 2012)
| Atlantic Credit Foundation Inc: | $67,631 |
| Other organizations performing similar types of work: | $156,466 |
Assets in 2013: $8,054 (it was $8,394 in 2012)
| This organization: | $8,054 |
| Other organizations performing similar types of work: | $45,042 |
Expenses in 2013: $69,108
| Atlantic Credit Foundation Inc: | $69,108 |
| Other organizations performing similar types of work: | $135,428 |
Income to expenses ratio in 2013: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2013: 24.9%
| This organization: | 24.9% |
| Other organizations performing similar types of work: | 90.6% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $93,958 | $92,717 | $67,631 |
| Contributions, gifts, grants, and similar amounts received | $24,659 | $13,750 | $16,852 |
| Program service revenue including government fees and contracts | $69,299 | $78,967 | $50,779 |
| 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 | $95,339 | $90,400 | $69,108 |
| Total net assets | $561 | $2,878 | $1,401 |
| Excess/Deficit for the year | $-1,381 | $2,317 | $-1,477 |
| Net assets or fund balances at beginning of year | $1,942 | $561 | $2,878 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $2,878 | $1,401 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $9,703 | $8,394 | $8,054 |
| Total liabilities | $9,142 | $5,516 | $6,653 |
| Net assets or fund balances | $561 | $2,878 | $1,401 |
| 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 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 | $88,734 |
| Subtotal Support | $88,734 |
| Gifts, grants, contributions, and membership fees received | $88,734 |
| 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 | $88,734 |
| Public Support | $88,734 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Safeguard Credit Counseling Services Inc | 67 Fort Salonga Rd, Northport, NY 11768-2851 | NY | 1999-01 | $1,348,176 |
| 2 | Community Mutual Inc | 1398 Culver Rd, Rochester, NY 14609-5342 | NY | 2011-03 | $1,191,860 |
| 3 | Grow Brooklyn Inc | 1474 Myrtle Ave, Brooklyn, NY 11237-5128 | NY | 2010-08 | $361,055 |
| 4 | Start Small Think Big Inc | 1231 Lafayette Ave Unit 2, Bronx, NY 10474-5367 | NY | 2010-11 | $318,364 |
| 5 | Qualitas Of Life Foundation | 500 Park Avenue Suite 35b, New York, NY 10022 | NY | 2008-10 | $147,499 |
| 6 | The Economic Literacy Coalition Inc | 1061 Atlantic Ave Ste 2, Brooklyn, NY 11238-2902 | NY | 2008-03 | $135,108 |
| 7 | Eliezer Project Inc | 277 Broadway Ste 801, New York, NY 10007-2023 | NY | 2009-12 | $127,062 |
| 8 | Eleison Foundation | 251 Sawmill Rd, Milan, NY 12571-4113 | NY | 2009-06 | $58,613 |
| 9 | Needs Foundation Corp | 100 Park Ave Fl 20, New York, NY 10017-5546 | NY | 2012-03 | $1 |
| 10 | 00 Debt Inc | 2930 Wynsum Ave, Merrick, NY 11566-5413 | NY | 2001-01 | $0 |
| 11 | A-Z Representative Payee 1 Inc | 204-17 Hillside Avenue Ste 309, Hollis, NY 11423 | NY | 2015-04 | $0 |
| 12 | American Fund For Consumer Credit | 500 Old Country Rd Ste 104, Garden City, NY 11530-1921 | NY | 2002-10 | $0 |
| 13 | Apple Consumer Credit Counseling Inc | PO BOX 147, Lynbrook, NY 11563-0147 | NY | 1999-05 | $0 |
| 14 | Bardichev Revival Inc | 2267 62nd St, Brooklyn, NY 11204-3115 | NY | 2014-07 | $0 |
| 15 | Black Shield, Sharonne Mcfarland Sharonne Mcfarland | 45 East 135th Street Suite 4b, New York, NY 10037 | NY | 2009-05 | $0 |
| 16 | C C Financial Health And Life Skills Inc | 3041 Mickle Ave Ste Ph, Bronx, NY 10469-3213 | NY | 2003-11 | $0 |
| 17 | Community Housing Counciling Corp | Po Box 40284, Glen Oaks, NY 11004 | NY | 2013-03 | $0 |
| 18 | Enterprise Financial Pathways Corp | 80 5th Ave Fl 7, New York, NY 10011-8002 | NY | 2006-04 | $0 |
| 19 | Financial Literacy Inc | 3500 Sunrise Hwy Ste D117, Great River, NY 11739 | NY | 2007-04 | $0 |
| 20 | Free Modification Services Inc, No N/A | Po Box 4740, New Windsor, NY 12553 | NY | 2013-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,240 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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