Joe Beasley Memorial Foundation Inc in Bessemer, Alabama (AL)

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Joe Beasley Memorial Foundation Inc
Employer Identification Number (EIN)010649656
Name of OrganizationJoe Beasley Memorial Foundation Inc
In Care of NameSarah Beasley Smith
Address431 Woodland Road, Bessemer, AL 35020
SubsectionCharitable Organization
Ruling Date06/2002
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$10,000 to $24,999
Filing Requirement990 - 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


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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%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
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
201120122013
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
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?YesYes
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
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 supported0
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
IdNameAddressStateEstablishedTotal Income
1Sacred Harp Musical Heritage Association108 Collington Pl, Madison, AL 35758-8577AL1999-12$120,106
2Tennessee Valley Jazz Society Inc, Tennessee Valley Youth Golf Development604 Jordan Lane, Huntsville, AL 35816AL2014-07$22,500
3Alabama People Choice Projects1813 11th Ave N, Bessemer, AL 35020-4731AL2009-03$5,500
4Zefiro Productions2217 De Russey Rd Se, Huntsville, AL 35801-2208AL2005-08$3,400
5Anniston Music Alliance1504 Arrowhead Dr, Gadsden, AL 35903AL2012-02$0
6Azalea City Smooth Jazz Foundation Inc6417 Gaslight Ln N, Mobile, AL 36695AL2014-05$0
7Birmingham Art Music AlliancePo Box 55057, Birmingham, AL 35255AL1998-11$0
8Bridge 28 Inc1901 6th Avenue North, Birmingham, AL 35203AL2009-02$0
9Carlton Reese Memorial Unity Choir5237 Meadow Garden Lane, Birmingham, AL 35242AL2010-02$0
10Colla VocePo Box 660314, Birmingham, AL 35266AL2011-11$0
11Fairhope Music Festival Inc5 Echo Lane, Fairhope, AL 36532AL2007-02$0
12Freestyle Percussion Foundation Inc2010 Old Springville Rd Suite 124, Birmingham, AL 35211AL2006-09$0
13Heritage Ringers Of Hunstville3014 Buck Island Dr, Guntersville, AL 35976AL2014-04$0
14Huntsville Concert Band Incorporated116 Deer Run Lane, Harvest, AL 35749-9402AL2000-08$0
15Huntsville Traditional Music Association1311 Chesterfield Road, Huntsville, AL 35803AL2008-06$0
16K B Dallas J D Denniston Music Park3117 County Road 68, Ariton, AL 36311-6873AL2010-05$0
17Life With MusicPO BOX 9704, Mobile, AL 36691-0704AL2008-07$0
18Local Vocal636 39th St S, Birmingham, AL 35222-3306AL2004-08$0
19Mobile Big Band Society IncPo Box 47, Mobile, AL 36601-0047AL2014-10$0
20Mobile Music Teachers Association, None NonePo Box91794, Mobile, AL 36691AL2012-03$0
Number of organizations performing similar types of work
Alaska8
Alabama45
Arkansas34
Arizona71
California623
Colorado120
Connecticut80
District of Columbia27
Delaware16
Florida242
Georgia110
Hawaii32
Iowa43
Idaho20
Illinois172
Indiana68
Kansas32
Kentucky44
Louisiana60
Massachusetts171
Maryland92
Maine33
Michigan156
Minnesota109
Missouri75
Mississippi23
Montana20
North Carolina111
North Dakota7
Nebraska26
New Hampshire23
New Jersey121
New Mexico43
Nevada29
New York466
Ohio125
Oklahoma33
Oregon102
Pennsylvania158
Rhode Island10
South Carolina59
South Dakota12
Tennessee84
Texas299
Utah38
Virginia128
Vermont23
Washington173
Wisconsin87
West Virginia26
Wyoming13
International8
Total4,730

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