Forty Seven Inc in Huntsville, Alabama (AL)
Table of contents:
| Forty Seven Inc | |
| Employer Identification Number (EIN) | 262997496 |
| Name of Organization | Forty Seven Inc |
| In Care of Name | Richard Raleigh |
| Address | PO BOX 2002, Huntsville, AL 35804-2002 |
| Subsection | Charitable Organization |
| Ruling Date | 08/2009 |
| 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 | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $1,452 |
| Amount of Income | $65,847 |
| Form 990 Revenue Amount | $65,847 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2014: $65,847 (it was $56,671 in 2013)
| This organization: | $65,847 |
| Other organizations performing similar types of work: | $72,190 |
Assets in 2014: $1,452 (it was $36,818 in 2013)
| This organization: | $1,452 |
| Other organizations performing similar types of work: | $42,723 |
Expenses in 2014: $101,213
| This organization: | $101,213 |
| Other organizations performing similar types of work: | $42,209 |
Income to expenses ratio in 2014: 0.7
| This organization: | 0.7 |
| Other organizations performing similar types of work: | 0.4 |
Grants share in income in 2014: 0.7%
| Forty Seven Inc: | 0.7% |
| Other organizations performing similar types of work: | 4.7% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $5,642 | $31,243 | $56,671 | $65,847 |
| Contributions, gifts, grants, and similar amounts received | $3,583 | $7,500 | $50 | $462 |
| Program service revenue including government fees and contracts | $3,542 | $28,050 | $36,940 | $51,765 |
| Membership dues and assessments | $7,400 | $16,612 | $19,597 | $13,502 |
| Investment income | $99 | $66 | $84 | $118 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $-8,982 | $-20,985 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $17,223 | $37,071 | $42,496 | $101,213 |
| Total net assets | $28,470 | $22,642 | $36,818 | $1,452 |
| Excess/Deficit for the year | $-11,581 | $-5,828 | $14,175 | $-35,366 |
| Net assets or fund balances at beginning of year | $40,051 | $28,470 | $22,643 | $36,818 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $36,818 | $1,452 | ||
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $28,470 | $22,714 | $36,818 | $1,452 |
| Total liabilities | $0 | $72 | $0 | $0 |
| Net assets or fund balances | $28,470 | $22,642 | $36,818 | $1,452 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| 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 2014) | |
| 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 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $362,774 |
| Subtotal | $362,774 |
| Gifts, grants, contributions, and membership fees received | $111,511 |
| 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 | $251,263 |
| 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 | $363,183 |
| Public support | $362,774 |
| Subtotal | $409 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $409 |
| 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 | Rotary International, South Hill Rotary Club | PO BOX 922, South Hill, VA 23970-0922 | VA | 2008-06 | $70,044 |
| 2 | Deacon Fund | 2712 Watkins Glen Dr, Vestavia, AL 35216-1044 | AL | 2013-02 | $3,212,550 |
| 3 | Rotary Club Of Birmingham Foundation | 2019 4th Ave N Ste 200, Birmingham, AL 35203-3361 | AL | 2014-10 | $1,124,132 |
| 4 | Tinsley B Tr Ua Charity | PO BOX 2886, Mobile, AL 36652-2886 | AL | 2008-02 | $567,636 |
| 5 | Russell Tedder Trust 1711000350 | PO BOX 2886, Mobile, AL 36652-2886 | AL | 2013-12 | $314,222 |
| 6 | Star Supermarket & Discount Pharmacy Charity Golf Classic Inc | 1011 Meridian St N, Huntsville, AL 35801-4635 | AL | 2011-08 | $74,062 |
| 7 | The Sunshine Morton Foundation | 16486 Highway 55 No 200, Sterrett, AL 35147-9624 | AL | 2006-01 | $57,292 |
| 8 | Will May Foundation | 2200 Westminster Ln, Tuscaloosa, AL 35406-3614 | AL | 2015-04 | $53,247 |
| 9 | Abbys Angels Foundation | 231 Twin Lakes Dr, New Market, AL 35761 | AL | 2015-01 | $0 |
| 10 | Alabama Animal Foundaion | 3420 Sherwood Rd, Birmingham, AL 35223-2611 | AL | 2003-12 | $0 |
| 11 | Baldwin County Bar Foundation Inc | 312 Courthouse Square Suite 16, Bay Minette, AL 36507 | AL | 2007-12 | $0 |
| 12 | Brookwood Ministries United Appeal Fund Inc | 3449 Overton Road, Birmingham, AL 35223 | AL | 2013-02 | $0 |
| 13 | Elijah Michael Foundation | 109 Fox Loop, Muscle Shoals, AL 35661 | AL | 2014-08 | $0 |
| 14 | Friends Of The Community Inc | PO BOX 1618, Opelika, AL 36803-1618 | AL | 1999-02 | $0 |
| 15 | Grace Space | 105 Heritage Lane, Madison, AL 35758 | AL | 2012-08 | $0 |
| 16 | Great Commission | 24 Ashwood Dr, Decatur, AL 35603-5763 | AL | 2005-10 | $0 |
| 17 | Hbat Charities Inc | 2009 Paul Bryant Drive, Tuscaloosa, AL 35401 | AL | 2012-03 | $0 |
| 18 | Hope For Autumn Foundation | 3722 Chalybe Walk, Hoover, AL 35226 | AL | 2012-12 | $0 |
| 19 | Influence Impact United Appeal Fund Inc | 1709 10th Avenue, Tuscaloosa, AL 35401-4719 | AL | 2014-07 | $0 |
| 20 | Inspire Channel | 173 Ghost Hill Rd, Decatur, AL 35603-3763 | AL | 2015-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,544 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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