K-12 Hip Hop Inc in Carlsbad, California (CA)

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K-12 Hip Hop Inc
Employer Identification Number (EIN)464008506
Name of OrganizationK-12 Hip Hop Inc
In Care of NameSimon Leach
Address8019 Paseo Almendro, Carlsbad, CA 92009
Websitehttp://www.lostandfoundhiphop.com
SubsectionCharitable Organization, Educational Organization
Ruling Date07/2014
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2014
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$3,668
Amount of Income$6,582
Form 990 Revenue Amount$6,582
National Taxonomy of Exempt Entities (NTEE)Youth Development: Youth Development (Not Elsewhere Classified)


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Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2013
Total revenue$6,582
Contributions, gifts, grants, and similar amounts received$0
Program service revenue including government fees and contracts$0
Membership dues and assessments$6,582
Investment income$0
Gain/Loss from sale of assets other than inventory$0
Net income/loss from gaming and fundraising events$0
Gross profit/loss from sales of inventory$0
Other revenue$0
Total expenses$2,913
Total net assets$2,902
Excess/Deficit for the year$3,668
Net assets or fund balances at beginning of year$0
Other changes in net assets or fund balances$-766
Net assets or fund balances at end of year$2,902
Balance Sheets
2013
Total assets$3,668
Total liabilities$766
Net assets or fund balances$2,902
Other Information
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 activitiesNo
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?Yes
Total amount involved$716
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$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 supported0
Sum of amounts of support$0
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