Benjamin Franklin Elementary Foundation in Glendale, California (CA)
Table of contents:
| Benjamin Franklin Elementary Foundation | |
| Employer Identification Number (EIN) | 271310472 |
| Name of Organization | Benjamin Franklin Elementary Foundation |
| In Care of Name | William Lavigna |
| Address | 1610 Lake St, Glendale, CA 91201-2610 |
| Subsection | Charitable Organization |
| Ruling Date | 06/2010 |
| 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 | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $66,092 |
| Amount of Income | $279,410 |
| Form 990 Revenue Amount | $260,496 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2014: $279,410 (it was $196,263 in 2013)
| This organization: | $279,410 |
| Other organizations performing similar types of work: | $100,081 |
Assets in 2014: $66,092 (it was $41,459 in 2013)
| This organization: | $66,092 |
| Other organizations performing similar types of work: | $306,234 |
Expenses in 2013: $200,393
| This organization: | $200,393 |
| Other organizations performing similar types of work: | $60,281 |
Income to expenses ratio in 2013: 1.4
| This organization: | 1.4 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2013: 0.8%
| This organization: | 0.8% |
| Other organizations performing similar types of work: | 1.1% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $89,113 | $156,791 | $170,308 |
| Contributions, gifts, grants, and similar amounts received | $24,211 | $25,795 | $1,443 |
| Program service revenue including government fees and contracts | $27,084 | $79,078 | $112,473 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $62 | $215 | $64 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $37,755 | $51,703 | $56,328 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $58,854 | $68,393 | $82,283 |
| Less: direct expenses from gaming and fundraising events | $21,099 | $16,690 | $25,955 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $47,670 | $134,241 | $200,393 |
| Total net assets | $54,514 | $69,579 | $28,952 |
| Excess/Deficit for the year | $41,443 | $22,550 | $-30,085 |
| Net assets or fund balances at beginning of year | $14,931 | $54,514 | $59,037 |
| Other changes in net assets or fund balances | $-1,860 | $-7,485 | $0 |
| Net assets or fund balances at end of year | $28,952 | ||
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $54,514 | $69,579 | $41,459 |
| Total liabilities | $0 | $0 | $12,507 |
| Net assets or fund balances | $54,514 | $69,579 | $28,952 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| 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 activities | No | No | No |
| 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 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 | $1,443 |
| Subtotal | $1,443 |
| Gifts, grants, contributions, and membership fees received | $1,443 |
| 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 | $1,443 |
| Public support | $1,443 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 | Aztec Shops Ltd | 5300 Campanile Drive Sdsu, San Diego, CA 92182-0001 | CA | 1953-04 | $54,539,488 |
| 2 | Buffalo State College Foundation Housing Corporation | 1300 Elmwood Avenue Cleveland Hall, Buffalo, NY 14222 | NY | 2009-04 | $4,565,082 |
| 3 | Benjamin Franklin Elementary Foundation | 1610 Lake St, Glendale, CA 91201-2610 | CA | 2010-06 | $279,410 |
| 4 | Sycamore Foundation Holdings Inc, Terre Haute Rex Baseball | 30 N 5th St, Terre Haute, IN 47807-2939 | IN | 2009-04 | $252,654 |
| 5 | Community College Of Denver Foundation, Ccd Foundation | Campus Box 250 Po Box 173363, Denver, CO 80217 | CO | 2012-01 | $103,305 |
| 6 | The Building Trade Corporation | 321 Park Street, Bennington, VT 05201 | VT | 1990-10 | $100,081 |
| 7 | Foundation For The Compton Community College District | 1111 E Artesia Blvd, Compton, CA 90221-5314 | CA | 2009-09 | $64,690 |
| 8 | Wilson Area Partners In Education Foundation Inc | 2040 Washington Blvd, Easton, PA 18042-3890 | PA | 2007-03 | $50,680 |
| 9 | Gordon L Nelson Athletic Complex Fund U A | PO BOX 11, Maple, WI 54854-0011 | WI | 2009-09 | $47,202 |
| 10 | Rekindling The Dream Foundation | 797 Westminster St, Providence, RI 02903-4018 | RI | 2002-07 | $37,426 |
| 11 | Texas Civil Engineering Foundation | 1524 S Ih-35 Ste 180, Austin, TX 78704-2615 | TX | 2010-03 | $5,001 |
| 12 | Great Lakes Educational Foundation | 2196 Washington Dr, Northbrook, IL 60062 | IL | 2008-03 | $2,500 |
| 13 | Art Angels Inc | P O Box 2615, Dayton, TX 77535 | TX | 1999-03 | $0 |
| 14 | Baytown Junior School Parent Teacher Organization | 7707 Bayway Dr, Baytown, TX 77520-1313 | TX | 2001-10 | $0 |
| 15 | Benson Tech Foundation | 546 Ne 12th Avenue, Portland, OR 97232 | OR | 2014-03 | $0 |
| 16 | Careers In Construction Inc | Po Box 15668, Durham, NC 27704 | NC | 2007-11 | $0 |
| 17 | Classical Society Of The American Academy In Rome | 123 Art Building Louisiana State University, Baton Rouge, LA 70803 | LA | 2007-07 | $0 |
| 18 | E C Goodwin Technical High School P F O, Ec Goodwin Tech Pfo | 735 Slater Rd, New Britain, CT 06053 | CT | 2003-05 | $0 |
| 19 | Edinburg Education Foundation Inc | 214 W Cano St, Edinburg, TX 78539 | TX | 2000-04 | $0 |
| 20 | Fellows Alumni Foundation Of Jackson State University Incorpora | P O Box 1054, Jackson, MS 39215 | MS | 2001-02 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 34 | ||||||||||||||||||||||||||||||||||||||||||||||
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