Steven G Mihaylo Junior Achievement Foundation in Tempe, Arizona (AZ)

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Steven G Mihaylo Junior Achievement Foundation
Employer Identification Number (EIN)942868929
Name of OrganizationSteven G Mihaylo Junior Achievement Foundation
Address636 W Southern Ave, Tempe, AZ 85282-4508
ActivitiesScholarships (other)
SubsectionCharitable Organization
Ruling Date04/1983
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$261,179
Amount of Income$51,430
Form 990 Revenue Amount$12,390

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Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue$-9,392$6,003$4,273
Contributions, gifts, grants, and similar amounts received$0$0$0
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$4,978$4,668$4,970
Gain/Loss from sale of assets other than inventory$-14,370$1,335$-697
Gross amount from sale of assets other than inventory$52,708$10,080$64,335
Less: cost or other basis and sales expenses$67,078$8,745$65,032
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$11,016$10,091$9,751
Total net assets$235,230$213,544$230,955
Excess/Deficit for the year$-20,408$-4,088$-5,478
Net assets or fund balances at beginning of year$196,935$235,230$213,544
Other changes in net assets or fund balances$58,703$-17,598$22,889
Net assets or fund balances at end of year$230,955
Balance Sheets
Total assets$235,230$213,554$230,955
Total liabilities$0$10$0
Net assets or fund balances$235,230$213,544$230,955
Other Information
Did the organization engage in any significant activity not previously reported to the IRS?No
Were any significant changes made to the organizing or governing documents?No
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?No
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?No
Amount of political expenditures, direct or indirect$0
Did the organization file Form 1120-POL for this year?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
Total amount involved$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
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Number of organizations supported1
Sum of amounts of support$8,082
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