Mps 1 Research Foundation in Newport Beach, California (CA)

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Mps 1 Research Foundation
Employer Identification Number (EIN)272066831
Name of OrganizationMps 1 Research Foundation
In Care of NameGreg Fletcher
AddressPO BOX 9043, Newport Beach, CA 92658-1043
SubsectionCharitable Organization
Ruling Date04/2010
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$65,763
Amount of Income$37,822
Form 990 Revenue Amount$31,768
National Taxonomy of Exempt Entities (NTEE)Diseases, Disorders, Medical Disciplines: Specifically Named Diseases

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Amount of income in 2013: $37,822 (it was $52,585 in 2012)
This organization: 

Other organizations performing similar types of work: 


Assets in 2013: $65,763 (it was $94,915 in 2012)
Mps 1 Research Foundation: 

Other organizations performing similar types of work: 


Expenses in 2013: $60,920
Mps 1 Research Foundation: 

Other organizations performing similar types of work: 


Income to expenses ratio in 2013: 0.6
This organization: 

Other organizations performing similar types of work: 


Grants share in income in 2013: 119.1%
This organization: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue$60,513$32,812$46,721$31,768
Contributions, gifts, grants, and similar amounts received$65,407$39,460$52,585$37,822
Program service revenue including government fees and contracts$0$0$0$0
Membership dues and assessments$0$0$0$0
Investment income$0$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0$0
Net income/loss from gaming and fundraising events$-4,894$-6,648$-5,864$-6,054
Gross income from gaming$0$0$0$0
Gross income from fundraising events$0$0$0$0
Less: direct expenses from gaming and fundraising events$4,894$6,648$5,864$6,054
Gross profit/loss from sales of inventory$0$0$0$0
Other revenue$0$0$0$0
Total expenses$39,964$2,812$2,355$60,920
Total net assets$20,549$50,549$94,915$65,763
Excess/Deficit for the year$20,549$30,000$44,366$-29,152
Net assets or fund balances at beginning of year$0$20,549$50,549$94,915
Other changes in net assets or fund balances$0$0$0$0
Net assets or fund balances at end of year$94,915$65,763
Balance Sheets
Total assets$20,549$50,549$94,915$65,763
Total liabilities$0$0$0$0
Net assets or fund balances$20,549$50,549$94,915$65,763
Other Information
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 activitiesNoNoNoNo
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?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities$0$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$195,274
Subtotal Support$195,274
Gifts, grants, contributions, and membership fees received$195,274
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$0
Total Support$195,274
Public Support$195,274
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
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.$0
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Number of organizations performing similar types of work
District of Columbia10
North Carolina28
North Dakota1
New Hampshire4
New Jersey28
New Mexico10
New York64
Rhode Island5
South Carolina14
South Dakota2
West Virginia1
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