Michael Oremus Foundation Inc in Highland, New York (NY)
Michael Oremus Foundation Inc |
Employer Identification Number (EIN) | 208301349 |
Name of Organization | Michael Oremus Foundation Inc |
In Care of Name | Madeline Oremus Palmese |
Address | PO BOX 819, Highland, NY 12528-0819 |
Subsection | Charitable Organization |
Ruling Date | 12/2007 |
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 | $100,000 to $499,999 |
Income | $25,000 to $99,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $140,986 |
Amount of Income | $77,044 |
Form 990 Revenue Amount | $41,802 |
National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Fund Raising and/or Fund Distribution |
Amount of income in 2013: $77,044 (it was $69,364 in 2012)
Michael Oremus Foundation Inc: | $77,044 |
Other organizations performing similar types of work: | $77,044 |
Assets in 2013: $140,986 (it was $132,183 in 2012)
Michael Oremus Foundation Inc: | $140,986 |
Other organizations performing similar types of work: | $140,986 |
Expenses in 2012: $28,842
This organization: | $28,842 |
Other organizations performing similar types of work: | $45,533 |
Income to expenses ratio in 2012: 2.7
Michael Oremus Foundation Inc: | 2.7 |
Other organizations performing similar types of work: | 3.0 |
Grants share in income in 2012: 68.0%
This organization: | 68.0% |
Other organizations performing similar types of work: | 68.0% |
Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012) |
Total revenue | $36,237 |
Contributions, gifts, grants, and similar amounts received | $24,658 |
Program service revenue including government fees and contracts | $0 |
Membership dues and assessments | $0 |
Investment income | $7 |
Gain from sale of assets other than inventory | $0 |
Net income from gaming and fundraising events | $11,572 |
Gross income from gaming | $0 |
Gross income from fundraising events | $44,699 |
Less: direct expenses from gaming and fundraising events | $33,127 |
Gross profit from sales of inventory | $0 |
Other revenue | $0 |
Total expenses | $28,842 |
Total net assets | $127,787 |
Excess for the year | $7,395 |
Net assets or fund balances at beginning of year | $120,392 |
Other changes in net assets or fund balances | $0 |
Balance Sheets (for 2012) |
Total assets | $132,183 |
Total liabilities | $4,396 |
Net assets or fund balances | $127,787 |
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 | $120,566 |
Gifts, grants, contributions, and membership fees received | $118,295 |
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 | $2,271 |
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Organizations performing similar types of work |
Id | Name | Address | State | Established | Total Income |
1 | Friends Of The Calaveras County Fair &jumping Frog Jubilee Foundat | Po Box 2, Angels Camp, CA 95222 | CA | 2009-01 | $135,289 |
2 | Michael Oremus Foundation Inc | PO BOX 819, Highland, NY 12528-0819 | NY | 2007-12 | $77,044 |
3 | Q Sports Incorporated | PO BOX 129, London, KY 40743-0129 | KY | 2008-12 | $650 |
4 | Bakersfield Adult Co-Ed Soccer Foundation | 5909 Oneida Falls Dr, Bakersfield, CA 93312-1842 | CA | 2014-04 | $0 |
5 | Kids First Booster Club Inc | 8103 E Us Hwy 36 Suite 114, Avon, IN 46123 | IN | 2009-03 | $0 |
6 | Roadside 4 Wheelers Inc | 604 4th Ave, Hollandale, WI 53544 | WI | 1999-01 | $0 |
7 | Ronald G Repka Foundation Inc | 6707 Tennyson Place, Fort Wayne, IN 46835 | IN | 2002-02 | $0 |
8 | Verona Girls Athletic Association Inc | 7 Belleclaire Pl, Verona, NJ 07044-5105 | NJ | 2001-02 | $0 |
Number of organizations performing similar types of work |
California | 2 |
Indiana | 2 |
Kentucky | 1 |
| New Jersey | 1 |
New York | 1 |
Wisconsin | 1 |
|
Total | 8 |
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