Magellan Foundation Inc in Latham, New York (NY)
Table of contents:
| Magellan Foundation Inc | |
| Employer Identification Number (EIN) | 223209742 |
| Name of Organization | Magellan Foundation Inc |
| Address | 8 Airport Park Boulevard, Latham, NY 12110-6414 |
| Activities | Professional association |
| Subsection | Charitable Organization |
| Ruling Date | 06/1993 |
| 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 | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $209,992 |
| Amount of Income | $82,854 |
| Form 990 Revenue Amount | $82,854 |
| National Taxonomy of Exempt Entities (NTEE) | Environmental Quality, Protection and Beautification: Environmental Quality, Protection, and Beautification (Not Elsewhere Classified) |
Non-representatives - add comments:
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $104,699 | $179,426 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 |
| Program service revenue including government fees and contracts | $97,807 | $175,179 |
| Membership dues and assessments | $6,845 | $4,225 |
| Investment income | $47 | $22 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $0 | $0 |
| Total expenses | $138,217 | $161,320 |
| Total net assets | $279,349 | $297,455 |
| Excess/Deficit for the year | $-33,517 | $18,106 |
| Net assets or fund balances at beginning of year | $312,866 | $279,349 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $297,455 | |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $279,349 | $297,455 |
| Total liabilities | $0 | $0 |
| Net assets or fund balances | $279,349 | $297,455 |
| Other Information | ||
| 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 |
| 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 |
| Gross receipts for public use of club facilities | $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 | $793,500 |
| Subtotal | $793,500 |
| Gifts, grants, contributions, and membership fees received | $33,945 |
| 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 | $759,555 |
| 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 | $794,856 |
| Public support | $793,500 |
| Subtotal | $1,356 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,356 |
| 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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| 1 | Madjack Foundation Inc | PO BOX 304, North Salem, NY 10560-0304 | NY | 2001-07 | $1 |
| 2 | Madonna Of The Streets Inc | PO BOX 448, Buffalo, NY 14215-0448 | NY | 1995-03 | $1,678,699 |
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| 7 | Madrigalia Ltd | PO BOX 92068, Rochester, NY 14692-0068 | NY | 1981-09 | $24,895 |
| 8 | Madrus Realty Company Inc | PO BOX 5005, New York, NY 10163-5005 | NY | 1968-02 | $2,436,406 |
| 9 | Mae Stone Goode Trust A 19 12-2-0892-0 | 95 Washington St Atrium 1n, Buffalo, NY 14203-3006 | NY | 1972-06 | $372,904 |
| 10 | Magavern Pool Inc | 1100 Rand Bldg, Buffalo, NY 14203-7505 | NY | 1986-08 | $50,461 |
| 11 | Magellan Foundation Inc | 8 Airport Park Boulevard, Latham, NY 12110-6414 | NY | 1993-06 | $82,854 |
| 12 | Magen Avraham Fund, Shalam Abraham Ttee | 1538 Ocean Pkwy, Brooklyn, NY 11230-7004 | NY | 2005-05 | $41,300 |
| 13 | Magen David Adom Inc | 352 7th Ave, New York, NY 10001-5012 | NY | 2003-07 | $601,772 |
| 14 | Magen Ezra Foundation | 37 W 37th St Ste 10th, New York, NY 10018-6225 | NY | 1998-02 | $272,070 |
| 15 | Magen Giborrim Inc | 455 Avenue W, Brooklyn, NY 11223-5403 | NY | 2002-04 | $71,349 |
| 16 | Magen Israel Society Inc | 1815 E 3rd St, Brooklyn, NY 11223-1936 | NY | 1963-04 | $6,450,327 |
| 17 | Maggie Alston Early Learning Center Inc | 3261 Third Ave, Bronx, NY 10456 | NY | 1998-05 | $2,501 |
| 18 | Maggie Fischer Memorial Great South Bay Swim Inc | 80 Iroquois Dr, Brightwaters, NY 11718-1602 | NY | 2006-05 | $57,459 |
| 19 | Maggie Omalley Memorial Fund Inc | 426 Primrose Hill Rd, Rhinebeck, NY 12572-2743 | NY | 2008-09 | $20,023 |
| 20 | Maggies Cats Inc | 125 Mineral Springs Rd, Melrose, NY 12121-1714 | NY | 1996-10 | $7,829 |
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