Cornwall Terrace Pto in Sinking Spg, Pennsylvania (PA)
Table of contents:
| Cornwall Terrace Pto | |
| Employer Identification Number (EIN) | 233053999 |
| Name of Organization | Cornwall Terrace Pto |
| In Care of Name | Cindy Arters |
| Address | 3100 Iroquois Ave, Sinking Spg, PA 19608-1640 |
| Subsection | Educational Organization, Charitable Organization |
| Ruling Date | 12/2001 |
| 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 | 07/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $32,120 |
| Amount of Income | $52,687 |
| Form 990 Revenue Amount | $21,240 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2014: $52,687 (it was $49,809 in 2013)
| This organization: | $52,687 |
| Other organizations performing similar types of work: | $862,721 |
Assets in 2014: $32,120 (it was $32,758 in 2013)
| This organization: | $32,120 |
| Other organizations performing similar types of work: | $1,737,288 |
Expenses in 2014: $21,878
| This organization: | $21,878 |
| Other organizations performing similar types of work: | $502,842 |
Income to expenses ratio in 2014: 2.4
| Cornwall Terrace Pto: | 2.4 |
| Other organizations performing similar types of work: | 4.1 |
Grants share in income in 2014: 0.0%
| Cornwall Terrace Pto: | 0.0% |
| Other organizations performing similar types of work: | 86.9% |
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $18,310 | $10,084 | $21,240 |
| Contributions, gifts, grants, and similar amounts received | $865 | $810 | $0 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $80 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $17,365 | $9,274 | $21,240 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $51,272 | $48,999 | $52,687 |
| Less: direct expenses from gaming and fundraising events | $33,907 | $39,725 | $31,447 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $40,466 | $11,790 | $21,878 |
| Total net assets | $34,464 | $32,758 | $32,120 |
| Excess/Deficit for the year | $-22,156 | $-1,706 | $-638 |
| Net assets or fund balances at beginning of year | $56,620 | $34,464 | $32,758 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $32,758 | $32,120 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $34,464 | $32,758 | $32,120 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $34,464 | $32,758 | $32,120 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| 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 2014) | |
| 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 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $256,659 |
| Subtotal | $256,659 |
| Gifts, grants, contributions, and membership fees received | $3,750 |
| 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 | $252,909 |
| 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 | $256,847 |
| Public support | $256,659 |
| Subtotal | $188 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $188 |
| 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 | Slippery Rock University Foundation Inc | PO BOX 233, Slippery Rock, PA 16057-0233 | PA | 1970-12 | $20,065,817 |
| 2 | St Augustines University Foundation, St Augustines National Foundation | 17515 W Nine Mile Rd Ste 755, Southfield, MI 48075-4403 | MI | 1983-01 | $14,709,294 |
| 3 | University Of North Florida Financing Corporation | 1 Unf Drive Hicks Hall Suite 2900, Jacksonville, FL 32224 | FL | 2007-03 | $9,753,890 |
| 4 | Annenberg School For Communication Tr At The University Of Pa | 1500 Market St Ste 3500e, Philadelphia, PA 19102-2101 | PA | 2002-06 | $6,007,239 |
| 5 | Savannah State College Foundation Inc | PO BOX 20439, Savannah, GA 31404-9707 | GA | 1975-01 | $5,267,118 |
| 6 | Honeysuckle Student Holdings Inc | 400 E 2nd St, Bloomsburg, PA 17815-1301 | PA | 2004-09 | $2,731,394 |
| 7 | Truman State University Foundation | 105 Mcclain Hall 100 E Normal, Kirksville, MO 63501 | MO | 1985-12 | $36,529,317 |
| 8 | The Bloomsburg University Foundation Inc | 50 East Main St 4th Fl, Bloomsburg, PA 17815-1805 | PA | 1971-05 | $34,328,055 |
| 9 | Foundation For California University Of Pennsylvania | 250 University Ave, California, PA 15419-1341 | PA | 1987-09 | $4,996,730 |
| 10 | Pennsylvania College Optometry Foundation | 8360 Old York Rd, Elkins Park, PA 19027-1576 | PA | 2000-04 | $4,511,190 |
| 11 | American College Endowment Foundation | 270 S Bryn Mawr Ave, Bryn Mawr, PA 19010-2105 | PA | 2000-03 | $3,424,645 |
| 12 | Community College Of Allegheny County-Education Foundation | 808 Ridge Avenue 102, Pittsburgh, PA 15212-6003 | PA | 1980-10 | $1,984,484 |
| 13 | Gettysburg Seminary Endowmentfoundation | 61 Seminary Rdg, Gettysburg, PA 17325-1742 | PA | 2007-10 | $1,980,734 |
| 14 | Catherine N Cook Trust 8-18-76 Fbo Universities Ir-Tua 6519009941 | 101n Independence Mall E, Philadelphia, PA 19106-2112 | PA | 2006-04 | $182,984 |
| 15 | Valley Forge Old Guard Inc, Founders' Old Guard Inc | 2820 Audubon Village Dr 328, Audubon, PA 19403 | PA | 2008-12 | $14,193 |
| 16 | Huber Foundation, George W Waldner Ttee | York College Of Pa 441 Country Club, York, PA 17403 | PA | 2009-06 | $758 |
| 17 | Adria Kravinsky Foundation | 315 West Ave, Jenkintown, PA 19046-2027 | PA | 2005-10 | $0 |
| 18 | Penn State Womens Gymnastics Booster Clu C/O Jeffrey Thompson Head Coach | 110a White Building, University Park, PA 16802 | PA | 2011-07 | $0 |
| 19 | Thomas Jefferson University Research Authority | 1020 Walnut St, Philadelphia, PA 19107-5543 | PA | 2000-02 | $0 |
| 20 | Wilberforce University Alumni Association, Pittsburgh Alumni Chapter | 100 Dewey St, Pittsburgh, PA 15218-1408 | PA | 2005-11 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 504 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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