Minerva Foundation in Nashville, Tennessee (TN)
Table of contents:
| Minerva Foundation | |
| Employer Identification Number (EIN) | 621760618 |
| Name of Organization | Minerva Foundation |
| Address | PO BOX 281152, Nashville, TN 37228-8502 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 06/1999 |
| 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 | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $355,047 |
| Amount of Income | $83,818 |
| Form 990 Revenue Amount | $83,818 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2014: $83,818 (it was $71,500 in 2013)
| Minerva Foundation: | $83,818 |
| Other organizations performing similar types of work: | $1,625,924 |
Assets in 2014: $355,047 (it was $294,227 in 2013)
| Minerva Foundation: | $355,047 |
| Other organizations performing similar types of work: | $5,186,309 |
Expenses in 2013: $55,366
| This organization: | $55,366 |
| Other organizations performing similar types of work: | $720,340 |
Income to expenses ratio in 2013: 1.5
| Minerva Foundation: | 1.5 |
| Other organizations performing similar types of work: | 1.5 |
Grants share in income in 2013: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 13.0% |
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $63,860 | $67,274 | $71,500 |
| Contributions, gifts, grants, and similar amounts received | $65,948 | $66,314 | $71,500 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $10 | $960 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $-2,098 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $62,675 | $78,748 | $55,366 |
| Total net assets | $209,441 | $197,636 | $294,227 |
| Excess/Deficit for the year | $1,185 | $-11,474 | $16,134 |
| Net assets or fund balances at beginning of year | $208,256 | $209,110 | $197,636 |
| Other changes in net assets or fund balances | $0 | $0 | $80,457 |
| Net assets or fund balances at end of year | $197,967 | $294,227 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $242,338 | $197,636 | $294,227 |
| Total liabilities | $32,897 | $0 | $0 |
| Net assets or fund balances | $209,441 | $197,636 | $294,227 |
| 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 | $346,555 |
| Subtotal | $346,555 |
| Gifts, grants, contributions, and membership fees received | $253,360 |
| 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 | $93,195 |
| 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 | $348,815 |
| Public support | $346,555 |
| Subtotal | $2,260 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $2,260 |
| 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 | Campus Development Foundation Inc | 615 Mccallie Ave, Chattanooga, TN 37403-2504 | TN | 2000-07 | $11,584,106 |
| 2 | St Georges Independent Schools Foundation | 8235 Dogwood Rd, Germantown, TN 38139-5123 | TN | 1999-04 | $1,784,651 |
| 3 | Rural School And Community Trust | 4301 Connecticut Ave Nw Ste 100, Washington, DC 20008-2304 | DC | 1996-01 | $5,120,247 |
| 4 | West Side Day Nursery And Kindergarten | 20 W 86th St, New York, NY 10024-3604 | NY | 1947-04 | $549,484 |
| 5 | American Friends Of Bucerius Law School | 440 Park Avenue South 2nd Floor, New York, NY 10016 | NY | 2007-02 | $421,513 |
| 6 | St Mary Central-Seton Education Endowment Fund Agency 08051997 | PO BOX 649, Neenah, WI 54957-0649 | WI | 1999-10 | $417,310 |
| 7 | Schools For Salone | PO BOX 25314, Seattle, WA 98165-2214 | WA | 2008-06 | $343,503 |
| 8 | Verlyn E Grahl Foundation Inc | 130 S Main St, Fond Du Lac, WI 54935-4210 | WI | 1999-02 | $275,937 |
| 9 | Minerva Foundation | PO BOX 281152, Nashville, TN 37228-8502 | TN | 1999-06 | $83,818 |
| 10 | St Patrick School Foundation Inc, John J Brannen Community Education Foundation Inc | 4 W 3rd Street, Maysville, KY 41056 | KY | 1981-10 | $78,106 |
| 11 | Drew League Foundation | 2851 W 120th Street Suite E 517, Hawthorne, CA 90250 | CA | 2009-01 | $68,411 |
| 12 | Stowe Schools Foundation For Educational Advancement Inc | PO BOX 820, Stowe, VT 05672-0820 | VT | 1998-01 | $46,249 |
| 13 | Ruckus House Scholarship Foundation Inc | 9450 Moss Plantation Rd Nw, Concord, NC 28027 | NC | 2007-04 | $34,016 |
| 14 | U S Freedom Foundation | 1717k St Nw Ste 600, Washington, DC 20036 | DC | 2003-05 | $16,750 |
| 15 | Battle Creek-Ida Grove School Foundation Inc | 500 2nd St, Ida Grove, IA 51445-1305 | IA | 2001-01 | $3,763 |
| 16 | Achieve 121 | 224 N Pine St, Lansing, MI 48933-1022 | MI | 2004-12 | $0 |
| 17 | Aransas Pass Panther Booster Club | PO BOX 1994, Aransas Pass, TX 78335-1994 | TX | 2000-11 | $0 |
| 18 | Bison Charities | 37300 10th Ave, Buffalo Center, IA 50424 | IA | 1999-09 | $0 |
| 19 | Brainstorm | 558 Coventry Ln, West Chester, PA 19382-7588 | PA | 2001-11 | $0 |
| 20 | Jcm Spirit Club | 57 Brooksie Dr, Jackson, TN 38305-3621 | TN | 2001-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 114 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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