Aec Foundation in Cherokee, Oklahoma (OK)
Table of contents:
| Aec Foundation | |
| Employer Identification Number (EIN) | 200832182 |
| Name of Organization | Aec Foundation |
| In Care of Name | Donald Wessels |
| Address | 121 E Main St, Cherokee, OK 73728-1503 |
| Subsection | Charitable Organization |
| Ruling Date | 01/2005 |
| 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 | $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 | $42,055 |
| Amount of Income | $33,977 |
| Form 990 Revenue Amount | $33,977 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Community Foundations |
Non-representatives - add comments:
Amount of income in 2013: $33,977 (it was $39,663 in 2012)
| This organization: | $33,977 |
| Other organizations performing similar types of work: | $123,400 |
Assets in 2013: $42,055 (it was $39,763 in 2012)
| This organization: | $42,055 |
| Other organizations performing similar types of work: | $188,019 |
Expenses in 2013: $31,685
| This organization: | $31,685 |
| Other organizations performing similar types of work: | $82,376 |
Income to expenses ratio in 2013: 1.1
| Aec Foundation: | 1.1 |
| Other organizations performing similar types of work: | 5.6 |
Grants share in income in 2013: 99.8%
| This organization: | 99.8% |
| Other organizations performing similar types of work: | 20.2% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $35,852 | $39,663 | $33,977 |
| Contributions, gifts, grants, and similar amounts received | $35,749 | $39,592 | $33,918 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $103 | $71 | $59 |
| 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 | $37,447 | $29,428 | $31,685 |
| Total net assets | $29,528 | $39,763 | $42,055 |
| Excess/Deficit for the year | $-1,595 | $10,235 | $2,292 |
| Net assets or fund balances at beginning of year | $31,123 | $29,528 | $39,763 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $39,763 | $42,055 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $29,528 | $39,763 | $42,055 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $29,528 | $39,763 | $42,055 |
| 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 | $176,093 |
| Subtotal | $176,093 |
| Gifts, grants, contributions, and membership fees received | $176,093 |
| 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 | $176,620 |
| Public support | $176,093 |
| Subtotal | $527 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $527 |
| 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 | The Taos Community Foundation Inc | PO BOX 1925, Taos, NM 87571-1925 | NM | 1998-12 | $4,057,729 |
| 2 | Woodward Community Foundation | 1006 Oklahoma Ave, Woodward, OK 73801-4662 | OK | 1994-11 | $493,156 |
| 3 | Weokie Credit Union Foundation | PO BOX 26090, Oklahoma City, OK 73126-0090 | OK | 2006-06 | $201,528 |
| 4 | Broken Arrow Community Foundation Inc | 2720 N Hemlock Ct Ste B, Broken Arrow, OK 74012 | OK | 2004-06 | $83,724 |
| 5 | Reggie Smith Ii Foundation | 14917 Salem Creek Rd, Edmond, OK 73013-2451 | OK | 2010-02 | $30,722 |
| 6 | Vian Community Foundation | PO BOX 505, Vian, OK 74962-0505 | OK | 2014-08 | $26,155 |
| 7 | Stroud Regional Medical Center Foundation | Pob 275, Stroud, OK 74079 | OK | 2001-08 | $2,445 |
| 8 | A2 Foundation | PO BOX 369, Tonkawa, OK 74653 | OK | 2009-03 | $0 |
| 9 | As One Foundation Inc | 3001 E Memorial Rd Ste 204, Edmond, OK 73013-7013 | OK | 2006-01 | $0 |
| 10 | Assistance Center Of Bryan County | 501 Ne 4th St, Durant, OK 74701 | OK | 2012-05 | $0 |
| 11 | Biagini Baseball Foundation | 6303 N Portland Ave Suite 204, Oklahoma City, OK 73112 | OK | 2005-08 | $0 |
| 12 | Coleman Community Foundation | Po Box 52, Coleman, OK 73432-0052 | OK | 1993-04 | $0 |
| 13 | F4l Run Inc | 209 S 36th St, Muskogee, OK 74401-5043 | OK | 2000-03 | $0 |
| 14 | For The Least Of My People Inc | 3915 Nw 42nd St, Oklahoma City, OK 73112-2511 | OK | 2001-05 | $0 |
| 15 | Lost City Community Organization | Po Box 423, Hulbert, OK 74441 | OK | 2010-04 | $0 |
| 16 | Mcafee & Taft Community Foundation Inc | 211 North Robinson 10th Floor, Oklahoma City, OK 73102 | OK | 1998-11 | $0 |
| 17 | Okprn Foundation | 2929 E Randolph Rm 130, Enid, OK 73701-4667 | OK | 2004-05 | $0 |
| 18 | Oologah Community Foundation Inc | Po Box 613, Oologah, OK 74053 | OK | 2013-04 | $0 |
| 19 | Pryor Rotary Club Foundation Inc | PO BOX 961, Pryor, OK 74362-0961 | OK | 2007-04 | $0 |
| 20 | Quiktrip Community Foundation, Carter Terry L Co-Ttee | 4705 S 129th East Ave, Tulsa, OK 74134-7008 | OK | 2000-02 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,151 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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