Jason Madachy Foundation in Painesville, Ohio (OH)
Table of contents:
| Jason Madachy Foundation | |
| Employer Identification Number (EIN) | 392070920 |
| Name of Organization | Jason Madachy Foundation |
| In Care of Name | Joseph R Madachy |
| Address | 12231 Girdled Rd, Painesville, OH 44077-8809 |
| Subsection | Charitable Organization |
| Ruling Date | 06/2008 |
| 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 | 12/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $85,594 |
| Amount of Income | $47,099 |
| Form 990 Revenue Amount | $38,089 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2014: $47,099 (it was $34,991 in 2013)
| This organization: | $47,099 |
| Other organizations performing similar types of work: | $102,372 |
Assets in 2014: $85,594 (it was $110,708 in 2013)
| This organization: | $85,594 |
| Other organizations performing similar types of work: | $88,202 |
Expenses in 2013: $29,675
| This organization: | $29,675 |
| Other organizations performing similar types of work: | $70,866 |
Income to expenses ratio in 2013: 1.6
| Jason Madachy Foundation: | 1.6 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 78.2%
| This organization: | 78.2% |
| Other organizations performing similar types of work: | 80.1% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $44,045 | $36,808 | $34,991 |
| Contributions, gifts, grants, and similar amounts received | $40,662 | $23,913 | $27,356 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $3,383 | $2,703 | $2,711 |
| Gain/Loss from sale of assets other than inventory | $0 | $300 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $9,829 | $4,924 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $0 | $27,575 | $25,455 |
| Less: direct expenses from gaming and fundraising events | $0 | $17,746 | $20,531 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $63 | $0 |
| Total expenses | $26,041 | $20,509 | $29,675 |
| Total net assets | $84,113 | $106,350 | $110,708 |
| Excess/Deficit for the year | $18,004 | $16,299 | $5,316 |
| Net assets or fund balances at beginning of year | $66,109 | $84,113 | $106,350 |
| Other changes in net assets or fund balances | $0 | $5,938 | $-958 |
| Net assets or fund balances at end of year | $106,350 | $110,708 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $84,113 | $106,350 | $110,708 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $84,113 | $106,350 | $110,708 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | 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 | No | |
| Total amount involved | $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? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | 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 | $238,339 |
| Subtotal | $238,339 |
| Gifts, grants, contributions, and membership fees received | $185,309 |
| 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 | $53,030 |
| 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 | $260,874 |
| Public support | $238,339 |
| Subtotal | $22,535 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $22,535 |
| 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 | Battelle For Kids | 1160 Dublin Rd Ste 100, Columbus, OH 43215-1052 | OH | 2001-11 | $25,534,513 |
| 2 | Theological Book Network Inc | 3529 Patterson Ave Se, Grand Rapids, MI 49512-1939 | MI | 2004-06 | $2,421,943 |
| 3 | Golden Key International Honour Society Foundation Inc, Golden Key Foundation | 1040 Crown Pointe Parkway, Atlanta, GA 30338-6908 | GA | 2009-10 | $1,596,290 |
| 4 | Switzerland County Public School Endowment Corproation | 10034 E State Road 156, Vevay, IN 47043-2718 | IN | 2001-11 | $1,496,738 |
| 5 | Santa Barbara Partners In Education A Calif Non Profit Public Ben Corp | 4400 Cathedral Oaks Rd, Santa Barbara, CA 93110-1042 | CA | 2001-02 | $1,127,072 |
| 6 | New Hampshire Womens Foundation | Two Delta Drive, Concord, NH 03301-7427 | NH | 1999-04 | $467,381 |
| 7 | Hollywood Chapter Nsdar Foundation | 470 Denslow Ave, Los Angeles, CA 90049-3507 | CA | 2009-07 | $84,506 |
| 8 | American Federation For Aging Research Florida Inc | 5200 Ne 2nd Ave, Miami, FL 33137 | FL | 2009-07 | $55,575 |
| 9 | Jason Madachy Foundation | 12231 Girdled Rd, Painesville, OH 44077-8809 | OH | 2008-06 | $47,099 |
| 10 | Bernasol Educational Foundation Inc | 13307 Millbank Dr, Plainfield, IL 60585-5329 | IL | 2011-12 | $15,205 |
| 11 | Seedtime Water Foundation Inc | Colonia El Contadero Mexico Df 0550, Mexico | international | 2006-07 | $1,022 |
| 12 | Aax Insurance Education Foundation Inc | 1500 Main Street Room 2316, Springfield, MA 01115 | MA | 2014-01 | $0 |
| 13 | Better Tomorrow Foundation | 800 Hamstead St, Fort Worth, TX 76115-4404 | TX | 2007-08 | $0 |
| 14 | Caseys Angels | 35 Holly Dr, St Louis, MO 63119 | MO | 2001-01 | $0 |
| 15 | Graham Family Of Schools Inc | 3950 Indianola Ave, Columbus, OH 43214-3158 | OH | 2009-03 | $0 |
| 16 | Lake Erie & Northern Ohio Educational Assistance Corporation | 1013 Jay St, Sandusky, OH 44870-2016 | OH | 2002-08 | $0 |
| 17 | Loveland Schools Foundation | 757 South Lebanon Road, Loveland, OH 45140 | OH | 2001-08 | $0 |
| 18 | Parents Of Dance And Sports | 7263 Kirkdale Drive, Blacklick, OH 43004 | OH | 2006-07 | $0 |
| 19 | Sioux Tribe 128 Charity Fund Inc | 2634 N High Street, Columbus, OH 43202 | OH | 2003-09 | $0 |
| 20 | Warren City Schools Foundation | 105 High St, Warren, OH 44481 | OH | 2002-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 56 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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