Portsmouth Partnership Foundation Inc in Portsmouth, Virginia (VA)
Table of contents:
| Portsmouth Partnership Foundation Inc | |
| Employer Identification Number (EIN) | 571148979 |
| Name of Organization | Portsmouth Partnership Foundation Inc |
| Address | 200 High Street, Portsmouth, VA 23704-3721 |
| Subsection | Charitable Organization |
| Ruling Date | 10/2003 |
| 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 | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $276,620 |
| Amount of Income | $1,474 |
| Form 990 Revenue Amount | $1,474 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Community, Neighborhood Development, Improvement (General) |
Non-representatives - add comments:
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $30,319 | $9,973 | $1,474 |
| Contributions, gifts, grants, and similar amounts received | $29,520 | $9,300 | $1,000 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $799 | $673 | $474 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $39,371 | $12,368 | $325 |
| Total net assets | $230,742 | $228,347 | $276,620 |
| Excess/Deficit for the year | $-9,052 | $-2,395 | $1,149 |
| Net assets or fund balances at beginning of year | $239,794 | $230,742 | $228,347 |
| Other changes in net assets or fund balances | $0 | $0 | $47,124 |
| Net assets or fund balances at end of year | $228,347 | $276,620 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $239,574 | $228,347 | $276,620 |
| Total liabilities | $8,832 | $0 | $0 |
| Net assets or fund balances | $230,742 | $228,347 | $276,620 |
| 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 | $110,480 |
| Subtotal | $110,480 |
| Gifts, grants, contributions, and membership fees received | $110,480 |
| 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 | $0 |
| 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 | $115,979 |
| Public support | $110,480 |
| Subtotal | $5,499 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $5,499 |
| 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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| Other organizations in Virginia | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Portsmouth Community Foundation & Trust | 5800 High St W, Portsmouth, VA 23703-4504 | VA | 1967-09 | $79,412 |
| 2 | Portsmouth Community Health Center Inc | 664 Lincoln St, Portsmouth, VA 23704-4818 | VA | 1994-06 | $7,687,070 |
| 3 | Portsmouth Development Corporation | 3116 South St, Portsmouth, VA 23707-4116 | VA | 1992-10 | $43,627 |
| 4 | Portsmouth General Hospital Foundation | 360 Crawford St, Portsmouth, VA 23704-2812 | VA | 1989-06 | $5,471,803 |
| 5 | Portsmouth Historical Association Incorporated | 221 North St, Portsmouth, VA 23704-2601 | VA | 1969-03 | $267,625 |
| 6 | Portsmouth Humane Society Inc | 4022 Seaboard Ct, Portsmouth, VA 23701-2611 | VA | 1968-06 | $1,098,710 |
| 7 | Portsmouth Invitational Tournament Foundation Inc | 3612 Carter Rd, Portsmouth, VA 23703-3522 | VA | 2008-03 | $218,166 |
| 8 | Portsmouth Lodge No 898 Loyal Order Of Moose, 898 | 1400 George Washington Hwy N, Chesapeake, VA 23323-5025 | VA | 1935-08 | $750,263 |
| 9 | Portsmouth Museum Of Military History Inc | 701 Court St, Portsmouth, VA 23704-3625 | VA | 2001-04 | $1,907 |
| 10 | Portsmouth Museums Foundation Inc | 521 Middle St, Portsmouth, VA 23704-3708 | VA | 1994-05 | $354,775 |
| 11 | Portsmouth Partnership Foundation Inc | 200 High Street, Portsmouth, VA 23704-3721 | VA | 2003-10 | $1,474 |
| 12 | Portsmouth Partnership Inc | 200 High Street, Portsmouth, VA 23704-3721 | VA | 1966-01 | $152,079 |
| 13 | Portsmouth Public Library Foundation | 601 Court Street, Portsmouth, VA 23704 | VA | 1995-01 | $0 |
| 14 | Portsmouth Schools Foundation | 801 Crawford St, Portsmouth, VA 23704-3822 | VA | 1991-05 | $433,333 |
| 15 | Portsmouth Scottish Rite Foundation Inc | PO BOX 7276, Portsmouth, VA 23707-0276 | VA | 2005-04 | $17,939 |
| 16 | Portsmouth Service League Incorporated | Po Box 6647, Portsmouth, VA 23703 | VA | 1958-06 | $489,073 |
| 17 | Portsmouth Soccer Inc, Portsmouth Soccer Club | PO BOX 3333, Portsmouth, VA 23701-0333 | VA | 2014-06 | $73,048 |
| 18 | Portsmouth Sports Club Inc | PO BOX 237, Portsmouth, VA 23705-0237 | VA | $77,647 | |
| 19 | Portsmouth Sports Foundation Inc | 31270 Community House Drive, Carrsville, VA 23315 | VA | 1991-10 | $0 |
| 20 | Portsmouth Volunteers For The Homeless Inc | 800 Williamsburg Ave Ste B, Portsmouth, VA 23704-3113 | VA | 1997-02 | $164,125 |
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