Hourglass Initiative Inc in New York, New York (NY)

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Hourglass Initiative Inc
Employer Identification Number (EIN)364668725
Name of OrganizationHourglass Initiative Inc
In Care of NameDaniel Dubrio
Address41 W 83rd St Apt 9a, New York, NY 10024-5264
SubsectionCharitable Organization
Ruling Date07/2010
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 Period12/2013
Assets$25,000 to $99,999
Income$1 to $9,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$40,133
Amount of Income$83
Form 990 Revenue Amount$83
National Taxonomy of Exempt Entities (NTEE)Science and Technology Research Institutes, Services: Professional Societies, Associations


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Amount of income in 2013: $83 (it was $88 in 2012)
Hourglass Initiative Inc: 

 $83
Other organizations performing similar types of work: 

 $57,928

Assets in 2013: $40,133 (it was $43,086 in 2012)
Hourglass Initiative Inc: 

 $40,133
Other organizations performing similar types of work: 

 $52,613

Expenses in 2013: $3,036
Hourglass Initiative Inc: 

 $3,036
Other organizations performing similar types of work: 

 $50,009

Income to expenses ratio in 2013: 0.0
This organization: 

 0.0
Other organizations performing similar types of work: 

 1.2

Grants share in income in 2013: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 32.2%

Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$93$88$83
Contributions, gifts, grants, and similar amounts received$0$0$0
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$93$88$83
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$3,076$2,416$3,036
Total net assets$45,449$43,086$40,133
Excess/Deficit for the year$-2,983$-2,328$-2,953
Net assets or fund balances at beginning of year$48,790$45,449$43,086
Other changes in net assets or fund balances$-358$-35$0
Net assets or fund balances at end of year$45,449$43,086$40,133
Balance Sheets
201120122013
Total assets$45,449$43,086$40,133
Total liabilities$0$0$0
Net assets or fund balances$45,449$43,086$40,133
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNoNo
Were any significant changes made to the organizing or governing documents?NoNoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNoNo
Amount of political expenditures, direct or indirect$0$0$0
Did the organization file Form 1120-POL for this year?NoNoNo
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?NoNoNo
Total amount involved$0$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?NoNoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A community trust described in section 170(b)(1)(A)(vi)
Number of organizations supported0
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$50,000
Subtotal Support$50,000
Gifts, grants, contributions, and membership fees received$50,000
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$50,000
Public Support$50,000
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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11Hourglass Initiative Inc41 W 83rd St Apt 9a, New York, NY 10024-5264NY2010-07$83
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Number of organizations performing similar types of work
Alaska1
Alabama3
Arkansas3
Arizona5
California41
Colorado6
Connecticut4
District of Columbia6
Delaware3
Florida11
Georgia6
Iowa4
Illinois8
Indiana1
Kansas1
Kentucky3
Louisiana1
Massachusetts12
Maryland11
Michigan11
Minnesota3
Missouri3
Mississippi1
North Carolina9
North Dakota2
Nebraska1
New Jersey10
New Mexico1
Nevada1
New York12
Ohio121
Oklahoma4
Oregon5
Pennsylvania13
Rhode Island1
South Dakota1
Tennessee4
Texas14
Utah1
Virginia10
Washington7
Wisconsin6
International1
Total372

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