Icarus Foundation in Cleveland, Ohio (OH)
Table of contents:
| Icarus Foundation | |
| Employer Identification Number (EIN) | 341863586 |
| Name of Organization | Icarus Foundation |
| In Care of Name | Mary J Giganti |
| Address | 11001 Edgewater Dr, Cleveland, OH 44102-6136 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Other instruction and training |
| Subsection | Charitable Organization |
| Ruling Date | 07/1998 |
| 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 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $2,873 |
| Amount of Income | $28,143 |
| Form 990 Revenue Amount | $15,318 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Printing, Publishing |
Non-representatives - add comments:
Amount of income in 2013: $28,143 (it was $0 in 2011)
| Icarus Foundation: | $28,143 |
| Other organizations performing similar types of work: | $74,180 |
Assets in 2013: $2,873 (it was $1 in 2011)
| This organization: | $2,873 |
| Other organizations performing similar types of work: | $36,407 |
Expenses in 2013: $12,445
| Icarus Foundation: | $12,445 |
| Other organizations performing similar types of work: | $68,868 |
Income to expenses ratio in 2013: 2.3
| Icarus Foundation: | 2.3 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 1.6%
| This organization: | 1.6% |
| Other organizations performing similar types of work: | 68.1% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2011 | 2013 | |
|---|---|---|
| Total revenue | $0 | $15,318 |
| Contributions, gifts, grants, and similar amounts received | $0 | $250 |
| Program service revenue including government fees and contracts | $0 | $0 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $15,068 |
| Gross income from gaming | $0 | $0 |
| Gross income from fundraising events | $0 | $27,893 |
| Less: direct expenses from gaming and fundraising events | $0 | $12,825 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $0 | $0 |
| Total expenses | $0 | $12,445 |
| Total net assets | $0 | $2,873 |
| Excess/Deficit for the year | $0 | $2,873 |
| Net assets or fund balances at beginning of year | $0 | $0 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $2,873 | |
| Balance Sheets | ||
| 2011 | 2013 | |
|---|---|---|
| Total assets | $1 | $2,873 |
| Total liabilities | $0 | $0 |
| Net assets or fund balances | $0 | $2,873 |
| Other Information | ||
| 2011 | 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 | $250 |
| Subtotal | $250 |
| Gifts, grants, contributions, and membership fees received | $250 |
| 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 |
| 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 | $250 |
| Public support | $250 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Kenyon Review | Eaton Center Kenyon College, Gambier, OH 43022 | OH | 1996-03 | $2,339,372 |
| 2 | Foundation For Female Health Awareness Inc | 7655 5 Mile Rd Ste 115, Cincinnati, OH 45230-4326 | OH | 2004-07 | $303,990 |
| 3 | Challenge Literature Fellowship Usa Inc | 2634 Drake Road, Lebanon, OH 45036 | OH | 2014-01 | $83,755 |
| 4 | Icarus Foundation | 11001 Edgewater Dr, Cleveland, OH 44102-6136 | OH | 1998-07 | $28,143 |
| 5 | Rsb Character Education, Brocks Adventures | 4062 Autumn Hill Lane, Hamilton, OH 45011 | OH | 2008-12 | $4,894 |
| 6 | Americana Magazine Incorporated | 310 N Cherry St, Kenton, OH 43326-1513 | OH | 2009-03 | $0 |
| 7 | Aquarian Age Community Inc | 2910 Devore Court, Lorain, OH 44052 | OH | 2002-05 | $0 |
| 8 | Article 25 Inc | Po Box 20017, Cincinnati, OH 45220 | OH | 2012-02 | $0 |
| 9 | Barn Owl Review Inc | 275 Melbourne Avenue, Akron, OH 44313 | OH | 2008-07 | $0 |
| 10 | Brevity Magazine | 265 E State St, Athens, OH 45701 | OH | 2012-06 | $0 |
| 11 | City Of Wickliffe Connection Inc | 28730 Ridge Road, Wickliffe, OH 44092 | OH | 2010-05 | $0 |
| 12 | Cleveland Desktop Publishing Users Group | Po Box 22076, Cleveland, OH 44122 | OH | 2000-05 | $0 |
| 13 | Foundation For New Creative Projects Inc | 2613 Ashton Road, Cleveland Heights, OH 44118 | OH | 2013-03 | $0 |
| 14 | Indigo Ink Press | 150 35th Street Nw, Canton, OH 44709 | OH | 2010-04 | $0 |
| 15 | Learning Paper Foundation | 1301 East Ninth St 27th Floor, Cleveland, OH 44114 | OH | 2009-05 | $0 |
| 16 | Libra Institute Inc | 6501 Lansing Avenue, Cleveland, OH 44105 | OH | 2010-09 | $0 |
| 17 | Mute Swan | Po Box 23251, Chagrin Falls, OH 44023 | OH | 2005-01 | $0 |
| 18 | New Philadelphia Publishing Inc | 878 Commercial Ave Sw, New Phila, OH 44663-9369 | OH | 2001-12 | $0 |
| 19 | Ohio Martial Arts Magazine Inc | Po Box 712, Reynoldsburg, OH 43068 | OH | 2009-06 | $0 |
| 20 | Pratishruti | 7464 Wisdom Lane, Dublin, OH 43016 | OH | 2013-01 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,035 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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