Exceed Network, Angel Fund in Brooklyn, New York (NY)
Table of contents:
- Overview
- Detailed Reports
- Statements Regarding Other IRS Filings and Tax Compliance
- Statement of Revenue
- Statement of Functional Expenses
- Balance Sheet
- Reason for Public Charity Status
- Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Organizations performing similar types of work
| Exceed Network, Angel Fund | |
| Employer Identification Number (EIN) | 020637117 |
| Name of Organization | Exceed Network |
| Secondary Name | Angel Fund |
| Address | 379 Kings Highway, Brooklyn, NY 11223-1648 |
| Subsection | Charitable Organization |
| Ruling Date | 03/2003 |
| 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 | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $797,856 |
| Amount of Income | $632,203 |
| Form 990 Revenue Amount | $632,203 |
| National Taxonomy of Exempt Entities (NTEE) | Public, Society Benefit - Multipurpose and Other: Financial Institutions, Services (Non-Government Related) |
Non-representatives - add comments:
Amount of income in 2013: $632,203 (it was $521,185 in 2012)
| This organization: | $632,203 |
| Other organizations performing similar types of work: | $659,254 |
Assets in 2013: $797,856 (it was $747,374 in 2012)
| Exceed Network, Angel Fund: | $797,856 |
| Other organizations performing similar types of work: | $1,793,932 |
Expenses in 2012: $486,891
| Exceed Network, Angel Fund: | $486,891 |
| Other organizations performing similar types of work: | $493,994 |
Income to expenses ratio in 2012: 1.3
| This organization: | 1.3 |
| Other organizations performing similar types of work: | 1.5 |
Number of employees in 2012: 12
| Exceed Network, Angel Fund: | 12 |
| Other organizations performing similar types of work: | 9 |
Employees paid over $100,000 in 2012: 8.3%
| This organization: | 8.3% |
| Other organizations performing similar types of work: | 0.0% |
Grants share in income in 2012: 98.5%
| Exceed Network, Angel Fund: | 98.5% |
| Other organizations performing similar types of work: | 43.4% |
Revenue for 2012
Functional expenses for 2012
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2012) | |
| Total revenue | $521,185 |
| Contributions, Gifts, Grants and Other Similar Amounts | $513,131 |
| Program Service Revenue | $0 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $7,774 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $280 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $486,891 |
| Compensation of current officers, directors, trustees, and key employees | $154,584 |
| Other salaries and wages | $132,332 |
| Payroll taxes | $23,182 |
| Professional fundraising services | $0 |
| Other | $176,793 |
| Balance Sheet (for 2012) | |
| Total assets | $747,374 |
| Total liabilities | $307,088 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $255,363 |
| Other | $51,725 |
| Total net assets or fund balances | $440,286 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2012) | |
| 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) |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total Support | $2,589,204 |
| Gifts, grants, contributions, and membership fees received | $2,564,317 |
| 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 | $24,887 |
| Gross receipts from related activities, etc. | $0 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $29,841 | $79,868 | $-50,027 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $0 | $0 | $0 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $29,841 | $79,868 | $0 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $98,544 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $8,190 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $90,354 |
| Unrelated business taxable income | $-148,571 |
| Unrelated business taxable income before net operating loss deduction | $-148,571 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $-148,571 |
| Specific deduction | $1,000 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Opportunity Finance Network | 620 Chestnut St Ste 572, Philadelphia, PA 19106-3411 | PA | 2008-08 | $11,365,001 |
| 2 | Tremont Credit Union | 333 Longwood Ave, Boston, MA 02115-5711 | MA | 1999-01 | $7,706,154 |
| 3 | Anabaptist Financial | 1245 Old Route 15, New Columbia, PA 17856-8952 | PA | 2009-03 | $6,424,113 |
| 4 | Coalition For Mortgage Security | 1900 M St Nw Ste 600, Washington, DC 20036-3519 | DC | 2014-07 | $1,525,000 |
| 5 | Evergreen Payee Services | PO BOX 61466, Vancouver, WA 98666-1466 | WA | 2008-12 | $1,134,804 |
| 6 | Exceed Network, Angel Fund | 379 Kings Highway, Brooklyn, NY 11223-1648 | NY | 2003-03 | $632,203 |
| 7 | Project Enterprise | 144 W 125th St Fl 4, New York, NY 10027-4423 | NY | 1997-03 | $447,387 |
| 8 | National Association Of Tax Professionals Inc, New York Chapter Of Natp | 1129 Front St, Binghamton, NY 13905-1143 | NY | 1995-06 | $124,138 |
| 9 | Invested Incorporated | PO BOX 301, Slingerlands, NY 12159-0301 | NY | 2009-03 | $63,611 |
| 10 | Tennessee Associations Of Mortgage Brokers Inc | PO BOX 111, Spring Hill, TN 37174-0111 | TN | 2015-04 | $63,084 |
| 11 | Second Look Capital Inc | 2317 Westwood Ave Ste 204, Richmond, VA 23230-4020 | VA | 1995-12 | $43,846 |
| 12 | Unithrive Inc | 30 Fawn Dr, Livingston, NJ 07039-1916 | NJ | 2009-10 | $20,000 |
| 13 | Learning Group | 600 Broadway Ste 200, Kansas City, MO 64105-1536 | MO | 2011-05 | $17,344 |
| 14 | All Student Loans Ohio | 6601 Center Dr W Ste 650, Los Angeles, CA 90045-7505 | CA | 2005-04 | $0 |
| 15 | Beyond Housing Nhs Community Lending Corporation | 4156 Manchester, St Louis, MO 63110 | MO | 2005-02 | $0 |
| 16 | Community Trust Foundation Inc | 157 E New England Ave Suite 402, Winter Park, FL 32789 | FL | 2002-08 | $0 |
| 17 | Endowment For The Cheyenne Family Ymca | 1426 E Lincoln Way, Cheyenne, WY 82001-4800 | WY | 1995-02 | $0 |
| 18 | Foundation For The Advancement Of Monetary Education Ltd | Box 625 - Fdr Station, New York, NY 10150 | NY | 1995-09 | $0 |
| 19 | Ikt Im Kesef Talve | 30 Kiryas Radin Dr, Spring Valley, NY 10977-1331 | NY | 2014-08 | $0 |
| 20 | Mishkan Levi Inc | 14023 69th Ave, Flushing, NY 11367-1636 | NY | 1997-05 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 55 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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