Joe Beasley Memorial Foundation Inc in Bessemer, Alabama (AL)
Table of contents:
| Joe Beasley Memorial Foundation Inc | |
| Employer Identification Number (EIN) | 010649656 |
| Name of Organization | Joe Beasley Memorial Foundation Inc |
| In Care of Name | Sarah Beasley Smith |
| Address | 431 Woodland Road, Bessemer, AL 35020 |
| Subsection | Charitable Organization |
| Ruling Date | 06/2002 |
| 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 | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $275,115 |
| Amount of Income | $10,858 |
| Form 990 Revenue Amount | $10,858 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Music |
Non-representatives - add comments:
Amount of income in 2013: $10,858 (it was $9,780 in 2012)
| This organization: | $10,858 |
| Other organizations performing similar types of work: | $51,420 |
Assets in 2013: $275,115 (it was $277,655 in 2012)
| Joe Beasley Memorial Foundation Inc: | $275,115 |
| Other organizations performing similar types of work: | $15,938 |
Expenses in 2013: $8,398
| Joe Beasley Memorial Foundation Inc: | $8,398 |
| Other organizations performing similar types of work: | $45,736 |
Income to expenses ratio in 2013: 1.3
| This organization: | 1.3 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 99.8%
| This organization: | 99.8% |
| Other organizations performing similar types of work: | 5.6% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $13,010 | $9,780 | $10,858 |
| Contributions, gifts, grants, and similar amounts received | $12,958 | $9,729 | $10,837 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $52 | $51 | $21 |
| 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 | $8,419 | $8,336 | $8,398 |
| Total net assets | $236,211 | $237,655 | $240,115 |
| Excess/Deficit for the year | $4,591 | $1,444 | $2,460 |
| Net assets or fund balances at beginning of year | $231,620 | $236,211 | $237,655 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $237,655 | $240,115 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $281,211 | $277,655 | $275,115 |
| Total liabilities | $45,000 | $40,000 | $35,000 |
| Net assets or fund balances | $236,211 | $237,655 | $240,115 |
| 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? | Yes | Yes | |
| Total amount involved | $40,000 | $35,000 | |
| 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 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 | $47,982 |
| Subtotal Support | $78,617 |
| Gifts, grants, contributions, and membership fees received | $78,617 |
| 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 | $30,635 |
| Total Support | $78,871 |
| Public Support | $78,617 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $254 |
| 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. | $21 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Sacred Harp Musical Heritage Association | 108 Collington Pl, Madison, AL 35758-8577 | AL | 1999-12 | $120,106 |
| 2 | Tennessee Valley Jazz Society Inc, Tennessee Valley Youth Golf Development | 604 Jordan Lane, Huntsville, AL 35816 | AL | 2014-07 | $22,500 |
| 3 | Alabama People Choice Projects | 1813 11th Ave N, Bessemer, AL 35020-4731 | AL | 2009-03 | $5,500 |
| 4 | Zefiro Productions | 2217 De Russey Rd Se, Huntsville, AL 35801-2208 | AL | 2005-08 | $3,400 |
| 5 | Anniston Music Alliance | 1504 Arrowhead Dr, Gadsden, AL 35903 | AL | 2012-02 | $0 |
| 6 | Azalea City Smooth Jazz Foundation Inc | 6417 Gaslight Ln N, Mobile, AL 36695 | AL | 2014-05 | $0 |
| 7 | Birmingham Art Music Alliance | Po Box 55057, Birmingham, AL 35255 | AL | 1998-11 | $0 |
| 8 | Bridge 28 Inc | 1901 6th Avenue North, Birmingham, AL 35203 | AL | 2009-02 | $0 |
| 9 | Carlton Reese Memorial Unity Choir | 5237 Meadow Garden Lane, Birmingham, AL 35242 | AL | 2010-02 | $0 |
| 10 | Colla Voce | Po Box 660314, Birmingham, AL 35266 | AL | 2011-11 | $0 |
| 11 | Fairhope Music Festival Inc | 5 Echo Lane, Fairhope, AL 36532 | AL | 2007-02 | $0 |
| 12 | Freestyle Percussion Foundation Inc | 2010 Old Springville Rd Suite 124, Birmingham, AL 35211 | AL | 2006-09 | $0 |
| 13 | Heritage Ringers Of Hunstville | 3014 Buck Island Dr, Guntersville, AL 35976 | AL | 2014-04 | $0 |
| 14 | Huntsville Concert Band Incorporated | 116 Deer Run Lane, Harvest, AL 35749-9402 | AL | 2000-08 | $0 |
| 15 | Huntsville Traditional Music Association | 1311 Chesterfield Road, Huntsville, AL 35803 | AL | 2008-06 | $0 |
| 16 | K B Dallas J D Denniston Music Park | 3117 County Road 68, Ariton, AL 36311-6873 | AL | 2010-05 | $0 |
| 17 | Life With Music | PO BOX 9704, Mobile, AL 36691-0704 | AL | 2008-07 | $0 |
| 18 | Local Vocal | 636 39th St S, Birmingham, AL 35222-3306 | AL | 2004-08 | $0 |
| 19 | Mobile Big Band Society Inc | Po Box 47, Mobile, AL 36601-0047 | AL | 2014-10 | $0 |
| 20 | Mobile Music Teachers Association, None None | Po Box91794, Mobile, AL 36691 | AL | 2012-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 4,730 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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