Palisades Community Foundation in Ottsville, Pennsylvania (PA)
Table of contents:
| Palisades Community Foundation | |
| Employer Identification Number (EIN) | 232993718 |
| Name of Organization | Palisades Community Foundation |
| Address | PO BOX 521, Ottsville, PA 18942-0521 |
| Subsection | Charitable Organization |
| Ruling Date | 01/2000 |
| 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 | $29,455 |
| Amount of Income | $38,467 |
| Form 990 Revenue Amount | $30,561 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2013: $38,467 (it was $50,285 in 2012)
| This organization: | $38,467 |
| Other organizations performing similar types of work: | $81,469 |
Assets in 2013: $29,455 (it was $47,969 in 2012)
| Palisades Community Foundation: | $29,455 |
| Other organizations performing similar types of work: | $37,968 |
Expenses in 2013: $49,076
| This organization: | $49,076 |
| Other organizations performing similar types of work: | $44,770 |
Income to expenses ratio in 2013: 0.8
| This organization: | 0.8 |
| Other organizations performing similar types of work: | 1.7 |
Grants share in income in 2013: 18.8%
| Palisades Community Foundation: | 18.8% |
| Other organizations performing similar types of work: | 14.8% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $54,085 | $38,609 | $30,561 |
| Contributions, gifts, grants, and similar amounts received | $14,228 | $4,418 | $5,745 |
| Program service revenue including government fees and contracts | $17,432 | $18,027 | $9,056 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $634 | $118 | $90 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $21,392 | $16,046 | $15,670 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $26,104 | $27,722 | $23,576 |
| Less: direct expenses from gaming and fundraising events | $4,712 | $11,676 | $7,906 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $399 | $0 | $0 |
| Total expenses | $71,264 | $53,538 | $49,076 |
| Total net assets | $62,898 | $47,969 | $29,455 |
| Excess/Deficit for the year | $-17,179 | $-14,929 | $-18,515 |
| Net assets or fund balances at beginning of year | $80,077 | $62,898 | $47,969 |
| Other changes in net assets or fund balances | $0 | $0 | $1 |
| Net assets or fund balances at end of year | $47,969 | $29,455 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $65,076 | $47,969 | $29,455 |
| Total liabilities | $2,178 | $0 | $0 |
| Net assets or fund balances | $62,898 | $47,969 | $29,455 |
| 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 | $265,567 |
| Subtotal | $265,567 |
| Gifts, grants, contributions, and membership fees received | $75,725 |
| 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 | $138,544 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $51,298 |
| 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 | $270,001 |
| Public support | $265,567 |
| Subtotal | $4,434 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $4,434 |
| 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 | Metro Sports Foundations Inc | 5225 31st Ave S, Fargo, ND 58104-8750 | ND | 2007-12 | $3,631,826 |
| 2 | Jaeb Center Research Trust Inc | 15310 Amberly Drive, Tampa, FL 33647-2199 | FL | 2010-03 | $598,340 |
| 3 | Northeast Harbor Sailing School | PO BOX 12, Northeast Hbr, ME 04662-0012 | ME | 2001-01 | $229,258 |
| 4 | Friends Of Colorado Crew | PO BOX 18673, Boulder, CO 80308-1673 | CO | 2006-03 | $164,690 |
| 5 | Red Wing High School-Winger Sports Club | 2451 Eagle Ridge Dr, Red Wing, MN 55066-7444 | MN | 2004-03 | $135,834 |
| 6 | Elmwood Artistic Gymnastics Booster Club | 700 Elmwood Pky Ste 3, Harahan, LA 70123 | LA | 2006-10 | $81,469 |
| 7 | Southeast High School Sports Booster Club Inc | 1200 37th Ave E, Bradenton, FL 34208-4553 | FL | 1995-03 | $73,467 |
| 8 | Monacan High School Athletic Boosters Association | 11501 Smoketree Dr, Richmond, VA 23236-2534 | VA | 2003-05 | $70,089 |
| 9 | Klein Bearkadette Booster Club | 16715 Stuebner Airline Rd, Klein, TX 77379-7376 | TX | 1997-05 | $65,631 |
| 10 | Turpin Band Boosters | 2650 Bartels Rd, Cincinnati, OH 45244-4009 | OH | 2001-02 | $47,020 |
| 11 | Palisades Community Foundation | PO BOX 521, Ottsville, PA 18942-0521 | PA | 2000-01 | $38,467 |
| 12 | Pinto Athletic Club Inc | PO BOX 92, Stanley, NM 87056-0092 | NM | 2004-01 | $15,686 |
| 13 | Endowment Fund For Marthas Vineyard Arena | PO BOX 1802, Edgartown, MA 02539-1802 | MA | 2006-08 | $0 |
| 14 | Facilities Ahtletic Improvement Reform | 33 Hillsborough, Collinsville, IL 62234 | IL | 2010-08 | $0 |
| 15 | Friends Of Oyster River Track | 16 Stevens Way, Durham, NH 03824 | NH | 1999-01 | $0 |
| 16 | Friends Of The Violet Township Dog Park | 12920 B Stonecreek Dr, Pickerington, OH 43147 | OH | 2009-08 | $0 |
| 17 | Missoula County Stadium Boosters Inc | 825 E Front, Missoula, MT 59802 | MT | 1998-11 | $0 |
| 18 | P A W S For Elmwood | 112 E Oak St, Bowling Green, OH 43402-2405 | OH | 1999-02 | $0 |
| 19 | Rogersville City School Athletic Boosters Inc | 116 W Broadway St, Rogersville, TN 37857 | TN | 1995-05 | $0 |
| 20 | Skhs Track And Xc Boosters | 13154 Olalla Valley Rd Se, Olalla, WA 98359 | WA | 2001-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||
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| Total | 20 | ||||||||||||||||||||||||||||||||||
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