Majestic Ministries Foundation Inc in Edmond, Oklahoma (OK)

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Majestic Ministries Foundation Inc
Employer Identification Number (EIN)731563283
Name of OrganizationMajestic Ministries Foundation Inc
In Care of NameBuddy L Johnson
Address12001 N Ecker Dr, Edmond, OK 73013-8325
SubsectionEducational Organization
Ruling Date10/1999
DeductibilityContributions are deductible
FoundationSchool
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$68,232
Amount of Income$64,576
Form 990 Revenue Amount$54,915
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Vocational, Technical Schools


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Amount of income in 2013: $64,576 (it was $46,299 in 2012)
Majestic Ministries Foundation Inc: 

 $64,576
Other organizations performing similar types of work: 

 $180,438

Assets in 2013: $68,232 (it was $80,566 in 2012)
Majestic Ministries Foundation Inc: 

 $68,232
Other organizations performing similar types of work: 

 $100,732

Expenses in 2013: $40,077
Majestic Ministries Foundation Inc: 

 $40,077
Other organizations performing similar types of work: 

 $172,661

Income to expenses ratio in 2013: 1.6
Majestic Ministries Foundation Inc: 

 1.6
Other organizations performing similar types of work: 

 1.3

Grants share in income in 2013: 100.0%
This organization: 

 100.0%
Other organizations performing similar types of work: 

 47.2%

Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$16,733$46,299$54,915
Contributions, gifts, grants, and similar amounts received$30,178$44,509$54,915
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$214$1,790$0
Gain/Loss from sale of assets other than inventory$-13,659$0$0
Gross amount from sale of assets other than inventory$0$0$9,661
Less: cost or other basis and sales expenses$13,659$0$9,661
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$61,710$46,118$40,077
Total net assets$-22,258$-22,077$-7,239
Excess/Deficit for the year$-44,977$181$14,838
Net assets or fund balances at beginning of year$22,719$-22,258$-22,077
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$-22,077$-7,239
Balance Sheets
201120122013
Total assets$74,862$80,566$68,232
Total liabilities$97,120$102,643$75,471
Net assets or fund balances$-22,258$-22,077$-7,239
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?YesNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoYesNo
Has the organization filed a Form 990-T for the year?YesNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?YesYes
Total amount involved$102,643$75,471
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A school described in section 170(b)(1)(A)(ii)
Number of organizations supported0
Sum of amounts of support$0
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IdNameAddressStateEstablishedTotal Income
1Loyalist College Of Applied Arts And TechnologyBelleville On K8n 5b9, Canadainternational2014-01$55,514,601
2Pathpoint315 W Haley St Ste 102, Santa Barbara, CA 93101-8052CA2000-01$20,589,726
3Southern Nevada Culinary And Bartenders Training Fund A Trust, Solomon Mark Ex Director710 W Lake Mead Blvd, N Las Vegas, NV 89030-4067NV2001-02$9,367,340
4Indiana-Kentucky-Ohio Reg Cncil Of Crpntrs Jt Apprntc & Training Fund1095 Mariners Dr, Warsaw, IN 46582-9392IN2004-09$9,297,118
5The@booker T Washington Public Charter School For Technical Arts1346 Florida Avenue N W, Washington, DC 20009-4838DC1999-06$9,006,609
6Valley Grande Institute For Academic Studies345 S Texas Blvd, Weslaco, TX 78596-6113TX1999-08$5,722,574
7Local 798 Training Center4835 S 83rd E Ave, Tulsa, OK 74145OK2003-03$4,420,971
8Westmed Training Inc11355 N Torrey Pines Rd, La Jolla, CA 92037-1013CA2009-10$4,181,214
9Taller San Jose801 N Broadway, Santa Ana, CA 92701-3423CA2006-09$3,817,731
10Construction Education Foundatin Inc8005 Schoon St, Anchorage, AK 99518AK2008-08$3,626,566
11Sheet Metal Workers Local Union No 28 Education Fund13920 Jamaica Ave, Jamaica, NY 11435-3614NY1978-11$3,281,658
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15Y I E L D Inc4500 W Lee Blvd Bldg 600, Lawton, OK 73505-8304OK2008-08$562,435
16Majestic Ministries Foundation Inc12001 N Ecker Dr, Edmond, OK 73013-8325OK1999-10$64,576
17Aviation Maintenance Technician School IncRr 2, Idabel, OK 74745-9802OK1999-02$0
18Morning Star International Inc9033 East 63rd Street, Tulsa, OK 74133OK2005-02$0
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Number of organizations performing similar types of work
Alaska5
Alabama12
Arkansas5
Arizona18
California129
Colorado21
Connecticut7
District of Columbia10
Delaware3
Florida39
Georgia36
Hawaii5
Iowa13
Idaho14
Illinois52
Indiana29
Kansas6
Kentucky5
Louisiana22
Massachusetts21
Maryland27
Maine6
Michigan29
Minnesota15
Missouri20
Mississippi8
Montana3
North Carolina27
North Dakota3
Nebraska3
New Hampshire6
New Jersey35
New Mexico9
Nevada14
New York54
Ohio46
Oklahoma7
Oregon15
Pennsylvania42
Rhode Island3
South Carolina9
Tennessee12
Texas75
Utah11
Virginia23
Vermont4
Washington20
Wisconsin18
West Virginia3
Wyoming2
International10
Total1,011

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