Flagship Detroit Foundation in Southlake, Texas (TX)
Table of contents:
| Flagship Detroit Foundation | |
| Employer Identification Number (EIN) | 200937050 |
| Name of Organization | Flagship Detroit Foundation |
| In Care of Name | George Dennis |
| Address | PO BOX 96137, Southlake, TX 76092-0126 |
| Subsection | Educational Organization |
| Ruling Date | 09/2005 |
| 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 | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $216,206 |
| Amount of Income | $140,028 |
| Form 990 Revenue Amount | $134,833 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Historical Societies, Related Historical Activities |
Non-representatives - add comments:
Amount of income in 2013: $140,028 (it was $162,548 in 2012)
| Flagship Detroit Foundation: | $140,028 |
| Other organizations performing similar types of work: | $32,954 |
Assets in 2013: $216,206 (it was $197,832 in 2012)
| Flagship Detroit Foundation: | $216,206 |
| Other organizations performing similar types of work: | $59,539 |
Expenses in 2013: $116,078
| Flagship Detroit Foundation: | $116,078 |
| Other organizations performing similar types of work: | $21,061 |
Income to expenses ratio in 2013: 1.2
| This organization: | 1.2 |
| Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2013: 50.0%
| This organization: | 50.0% |
| Other organizations performing similar types of work: | 2.1% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total revenue | $182,458 | $132,897 | $150,425 | $134,833 |
| Contributions, gifts, grants, and similar amounts received | $63,017 | $103,490 | $90,418 | $67,359 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $122,075 | $32,400 | $59,000 | $66,865 |
| Investment income | $0 | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $3,500 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $-2,764 | $-3,048 | $-2,514 | $500 |
| Gross sales of inventory, less returns and allowances | $7,178 | $3,221 | $7,109 | $5,695 |
| Less: cost of goods sold | $9,942 | $6,269 | $9,623 | $5,195 |
| Other revenue | $130 | $55 | $21 | $109 |
| Total expenses | $243,821 | $131,422 | $134,665 | $116,078 |
| Total net assets | $179,288 | $180,763 | $196,523 | $215,278 |
| Excess/Deficit for the year | $-61,363 | $1,475 | $15,760 | $18,755 |
| Net assets or fund balances at beginning of year | $240,651 | $179,288 | $180,763 | $196,523 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $196,523 | $215,278 | ||
| Balance Sheets | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total assets | $198,279 | $183,480 | $197,832 | $216,206 |
| Total liabilities | $18,991 | $2,717 | $1,309 | $928 |
| Net assets or fund balances | $179,288 | $180,763 | $196,523 | $215,278 |
| Other Information | ||||
| 2010 | 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 | 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 | $0 |
| Gross receipts for public use of club facilities | $0 | $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 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 | $765,799 |
| Subtotal Support | $765,799 |
| Gifts, grants, contributions, and membership fees received | $765,799 |
| 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 | $766,578 |
| Public Support | $765,799 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $779 |
| 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. | $72,669 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Seventh Regiment Armory Conservancy Inc | 643 Park Ave 2nd Floor, New York, NY 10065-6122 | NY | 2000-07 | $20,230,835 |
| 2 | Town Hall Association | 1119 8th Ave, Seattle, WA 98101-2738 | WA | 2000-06 | $3,724,169 |
| 3 | Tri-State Warbird Museum | 4021 Borman Dr, Batavia, OH 45103-1684 | OH | 2003-08 | $1,348,020 |
| 4 | Yl-37 Group Foundation Inc | 14157 E 580 Rd, Inola, OK 74036-5227 | OK | 2001-05 | $646,555 |
| 5 | Roxbury Bandshell Preservation Alliance | 1618 Sunshine Ave, Johnstown, PA 15905-1849 | PA | 2008-09 | $69,026 |
| 6 | Us Marshals Museum Inc | 14 N 3rd St Ste D, Fort Smith, AR 72901-1476 | AR | 2008-02 | $59,562 |
| 7 | Presidio De San Saba Restoration Corporation | Po Box 1592, Menard, TX 76859 | TX | 2014-03 | $855,084 |
| 8 | Vietnam Helicopter Pilots Association | 2100 N State Highway 360 Ste 907, Grand Prairie, TX 75050-1030 | TX | 2003-11 | $725,491 |
| 9 | Cc Concourse Delegance | 3724 Albans, Houston, TX 77005 | TX | 2011-02 | $256,509 |
| 10 | Fort Worth Police Historical Association | PO BOX 470836, Fort Worth, TX 76147 | TX | 2006-06 | $255,258 |
| 11 | Wireless History Foundation | 8716 Covered Bridge, Austin, TX 78736 | TX | 2010-03 | $234,804 |
| 12 | Air Force Heritage Flight Foundation | 1375 Enclave Parkway, Houston, TX 77077 | TX | 2011-07 | $202,885 |
| 13 | Texas Heritage Songsritersassociation | 5201 Cuesta Verde, Austin, TX 78746-1561 | TX | 2007-02 | $195,225 |
| 14 | Texas Wwii Historical Monument Fund | 9737 Warwana Rd, Houston, TX 77080 | TX | 2000-01 | $181,558 |
| 15 | Texas Governors Mansion Restoration Fund | PO BOX 12878, Austin, TX 78711-2878 | TX | 2008-10 | $181,200 |
| 16 | Old Town Keller Foundation | PO BOX 2114, Keller, TX 76244 | TX | 2012-06 | $176,253 |
| 17 | Vietnam War Heroes Memorial Fnd | 3020 Matlock Road, Arlington, TX 76015-2901 | TX | 2011-12 | $154,810 |
| 18 | Texas City Historical Preservationcorporation | 1801 9th Ave N, Texas City, TX 77590-5472 | TX | 2007-09 | $136,226 |
| 19 | Lackland Gateway Heritage Foundation Inc | PO BOX 761422, San Antonio, TX 78245 | TX | 2004-10 | $129,341 |
| 20 | Wingtip-To-Wingtip Association | 5063 Farris Road, Denton, TX 76208 | TX | 2008-05 | $125,254 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 10,505 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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