Penn Brad Historical Oil Well Corporation in Custer City, Pennsylvania (PA)
Table of contents:
| Penn Brad Historical Oil Well Corporation | |
| Employer Identification Number (EIN) | 251197661 |
| Name of Organization | Penn Brad Historical Oil Well Corporation |
| In Care of Name | Joyce Cline |
| Address | Po Box 36, Custer City, PA 16725 |
| Activities | Other school related activities, Museum, zoo, planetarium, etc. |
| Subsection | Educational Organization |
| Ruling Date | 07/2014 |
| 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 | 2014 |
| Assets | $0 |
| Income | $0 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $266,856 |
| Amount of Income | $96,564 |
| Form 990 Revenue Amount | $96,564 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Science and Technology Museums |
Non-representatives - add comments:
Amount of income in 2014: $96,564 (it was $52,439 in 2013)
| This organization: | $96,564 |
| Other organizations performing similar types of work: | $128,443 |
Assets in 2014: $266,856 (it was $242,875 in 2013)
| Penn Brad Historical Oil Well Corporation: | $266,856 |
| Other organizations performing similar types of work: | $109,830 |
Expenses in 2013: $76,421
| Penn Brad Historical Oil Well Corporation: | $76,421 |
| Other organizations performing similar types of work: | $76,421 |
Income to expenses ratio in 2013: 1.3
| This organization: | 1.3 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2013: 79.6%
| Penn Brad Historical Oil Well Corporation: | 79.6% |
| Other organizations performing similar types of work: | 86.2% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $96,564 | $52,439 |
| Contributions, gifts, grants, and similar amounts received | $89,402 | $41,725 |
| Program service revenue including government fees and contracts | $0 | $0 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $61 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $5,969 | $1,226 |
| Gross income from gaming | $0 | $0 |
| Gross income from fundraising events | $17,027 | $1,226 |
| Less: direct expenses from gaming and fundraising events | $11,058 | $0 |
| Gross profit/loss from sales of inventory | $1,132 | $9,488 |
| Gross sales of inventory, less returns and allowances | $1,520 | $10,816 |
| Less: cost of goods sold | $388 | $1,328 |
| Other revenue | $0 | $0 |
| Total expenses | $8,522 | $76,421 |
| Total net assets | $181,856 | $157,875 |
| Excess/Deficit for the year | $88,042 | $-23,982 |
| Net assets or fund balances at beginning of year | $93,814 | $181,857 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $181,856 | $157,875 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $266,856 | $242,875 |
| Total liabilities | $85,000 | $85,000 |
| Net assets or fund balances | $181,856 | $157,875 |
| Other Information | ||
| 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 |
| 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 |
| Gross receipts for public use of club facilities | $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 a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $145,230 |
| Subtotal Support | $145,230 |
| Gifts, grants, contributions, and membership fees received | $145,230 |
| 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 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $145,230 |
| Public Support | $145,230 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $30,589 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Jason Project | 55 Coogan Blvd, Mystic, CT 06355-1927 | CT | 1989-10 | $3,980,171 |
| 2 | Scienceworks Hands-On Museum | 1500 E Main St, Ashland, OR 97520-1312 | OR | 2001-06 | $1,643,977 |
| 3 | Mcauliffe-Shepard Discovery Center Corp | 2 Institute Drive, Concord, NH 03301-7400 | NH | 2012-12 | $1,041,849 |
| 4 | See Science Center Inc | 200 Bedford Street, Manchester, NH 03101-1132 | NH | 2011-08 | $763,167 |
| 5 | Texas Energy Museum Inc | 600 Main St, Beaumont, TX 77701-3305 | TX | 1987-12 | $607,308 |
| 6 | Sciencesouth Inc | 1511 Freedom Blvd, Florence, SC 29505-6041 | SC | 2000-05 | $584,950 |
| 7 | Space Gallery | 538 Congress St, Portland, ME 04101-3310 | ME | 2003-08 | $523,251 |
| 8 | Lancaster Science Center | 454 New Holland Ave Ste 100, Lancaster, PA 17602-2290 | PA | 2005-09 | $476,755 |
| 9 | Penn Brad Historical Oil Well Corporation | Po Box 36, Custer City, PA 16725 | PA | 2014-07 | $96,564 |
| 10 | Ll Science & Technology Alliance Inc | 1811 Homestead Rd, Lancaster, PA 17603-2377 | PA | 1996-05 | $52,268 |
| 11 | Old Time Plow Boys Club Inc | PO BOX 215, Mertztown, PA 19539-0215 | PA | 2005-07 | $5,085 |
| 12 | Dominion Science Center | 532 Pike St, State College, PA 16801 | PA | 2009-04 | $0 |
| 13 | Gatsme Model Railroad Clubinc | Po Box 154, Rockledge, PA 19046 | PA | 2005-08 | $0 |
| 14 | Johnsville Centrifuge And Science Museum Inc | PO BOX 2014, Warminster, PA 18974 | PA | 2009-02 | $0 |
| 15 | Monongahela River Railroad And Transportation Museum | P O Box 360, Brownsville, PA 15417-0360 | PA | 2004-08 | $0 |
| 16 | Philadelphia Air & Space Museum | 1125 Walnut St, Philadelphia, PA 19107 | PA | 1998-02 | $0 |
| 17 | Regional Science And Technology Discovery Center For Northeast Pa | PO BOX 216, Luzerne, PA 18709-0216 | PA | 2006-08 | $0 |
| 18 | Steeltown Aviation Museum Inc | 500 Airport Rd Ste C, Lititz, PA 17543-7752 | PA | 2012-08 | $0 |
| 19 | Tesla Science Foundation | 957 West King Road, Malvern, PA 19355 | PA | 2010-12 | $0 |
| 20 | Vaccine Farm Inc | 202 N Prince Street Suite 400, Lancaster, PA 17603 | PA | 2013-12 | $0 |
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