Academic Magnet Foundation in N Charleston, South Carolina (SC)
Table of contents:
| Academic Magnet Foundation | |
| Employer Identification Number (EIN) | 262530146 |
| Name of Organization | Academic Magnet Foundation |
| Address | 5109a W Enterprise St, N Charleston, SC 29405-4066 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 01/2014 |
| 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 | 12/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $104,701 |
| Amount of Income | $52,527 |
| Form 990 Revenue Amount | $52,527 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Nonmonetary Support (Not Elsewhere Classified) |
Non-representatives - add comments:
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |
| 2013 | |
|---|---|
| Total revenue | $71,404 |
| Contributions, gifts, grants, and similar amounts received | $71,404 |
| Program service revenue including government fees and contracts | $0 |
| Membership dues and assessments | $0 |
| Investment income | $0 |
| Gain/Loss from sale of assets other than inventory | $0 |
| Net income/loss from gaming and fundraising events | $0 |
| Gross profit/loss from sales of inventory | $0 |
| Other revenue | $0 |
| Total expenses | $5,552 |
| Total net assets | $65,852 |
| Excess/Deficit for the year | $65,852 |
| Net assets or fund balances at beginning of year | $0 |
| Other changes in net assets or fund balances | $0 |
| Net assets or fund balances at end of year | $65,852 |
| Balance Sheets | |
| 2013 | |
|---|---|
| Total assets | $65,852 |
| Total liabilities | $0 |
| Net assets or fund balances | $65,852 |
| Other Information | |
| 2013 | |
|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No |
| Were any significant changes made to the organizing or governing documents? | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
| Has the organization filed a Form 990-T for the year? | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No |
| Amount of political expenditures, direct or indirect | $0 |
| Did the organization file Form 1120-POL for this year? | 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 |
| Total amount involved | $0 |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $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 |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | 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 | $57,400 |
| Subtotal Support | $71,404 |
| Gifts, grants, contributions, and membership fees received | $71,404 |
| 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 | $14,004 |
| Total Support | $71,404 |
| Public Support | $71,404 |
| 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. | $0 |
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| Other organizations in South Carolina | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Allied Veterans Of The World Inc And Affiliates, 39 Affiliate | PO BOX 160939, Bolling Springs, SC 29316-0016 | SC | 1996-11 | $0 |
| 2 | Allied Veterans Of The World Inc And Affiliates, 40 Affiliate | PO BOX 160939, Boiling Spgs, SC 29316-0016 | SC | 1996-11 | $0 |
| 3 | Allied Veterans Of The World Inc And Affiliates, 42 Affiliate | PO BOX 160939, Boiling Spgs, SC 29316-0016 | SC | 1996-11 | $0 |
| 4 | Allied Veterans Of The World Inc And Affiliates, 44 Affiliate | PO BOX 160939, Boiling Spgs, SC 29316-0016 | SC | 1996-11 | $0 |
| 5 | Allied Veterans Of The World Inc And Affiliates, 47 Affiliate | PO BOX 160939, Bolling Springs, SC 29316-0016 | SC | 1996-11 | $0 |
| 6 | Allied Veterans Of The World Inc And Affiliates, 48 Affiliate | PO BOX 160939, Boiling Spgs, SC 29316-0016 | SC | 1996-11 | $0 |
| 7 | Allied Veterans Of The World Inc And Affiliates, 52 Affiliate | PO BOX 160939, Boiling Spgs, SC 29316-0016 | SC | 1996-11 | $0 |
| 8 | Allied Veterans Of The World Inc And Affiliates, 53 Affiliate | PO BOX 160939, Boiling Spgs, SC 29316-0016 | SC | 1996-11 | $0 |
| 9 | Allied Veterans Of The World Inc, 60 | PO BOX 160939, Boiling Spgs, SC 29316-0016 | SC | 1996-11 | $0 |
| 10 | Alpha Epsilon Delta | Office Of Health Careers Advising 3300 Poinsett Hwy, Greenville, SC 29613 | SC | 1950-12 | $0 |
| 11 | Academic Magnet Foundation | 5109a W Enterprise St, N Charleston, SC 29405-4066 | SC | 2014-01 | $52,527 |
| 12 | Aiken High School Band Booster Club Inc | 449 Rutland Dr Nw, Aiken, SC 29801-4013 | SC | 2014-05 | $57,097 |
| 13 | Air Force Jrotc Cadet Officer Leadership School Of Sc | Po Box 566, Irmo, SC 29063 | SC | 2014-03 | $112,922 |
| 14 | Animal Helpers Retail Resale Store Llc | 1601 Savannah Hwy, Charleston, SC 29407-6294 | SC | 2014-02 | $286,175 |
| 15 | Beginnings For Parents Of Children Who Are Deaf Or Hard Of Hearing-Sc, Beginnings-Sc Office | 1823 Gadsden St, Columbia, SC 29201-2344 | SC | 2014-01 | $27,668 |
| 16 | Big Oaks Rescue Farm | 2305 Kate Way, Greenwood, SC 29646 | SC | 2014-03 | $22,245 |
| 17 | Bridges Preparatory School | PO BOX 120, Beaufort, SC 29901-0120 | SC | 2014-08 | $2,994,408 |
| 18 | Carolina Forest Elementary Pto | 285 Carolina Forest Blvd, Myrtle Beach, SC 29579-3204 | SC | 2013-12 | $84,602 |
| 19 | Celebrate Bluffton Inc | 224 Stoney Crossing, Bluffton, SC 29910 | SC | 2014-05 | $1,640 |
| 20 | Changed By Love | 496 N Barton Rd, Taylors, SC 29687 | SC | 2014-07 | $59,584 |
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