Red Circle Foundation Inc in Washington, District of Columbia (DC)
Table of contents:
| Red Circle Foundation Inc | |
| Employer Identification Number (EIN) | 352450067 |
| Name of Organization | Red Circle Foundation Inc |
| Address | PO BOX 15415, Washington, DC 20003-0415 |
| Subsection | Charitable Organization |
| Ruling Date | 08/2013 |
| 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 | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $74,273 |
| Amount of Income | $158,745 |
| Form 990 Revenue Amount | $158,745 |
| National Taxonomy of Exempt Entities (NTEE) | Public, Society Benefit - Multipurpose and Other: Military, Veterans' Organizations |
Non-representatives - add comments:
Amount of income in 2013: $158,745 (it was $21,936 in 2012)
| Red Circle Foundation Inc: | $158,745 |
| Other organizations performing similar types of work: | $50,717 |
Assets in 2013: $74,273 (it was $7,311 in 2012)
| Red Circle Foundation Inc: | $74,273 |
| Other organizations performing similar types of work: | $24,098 |
Expenses in 2013: $139,885
| Red Circle Foundation Inc: | $139,885 |
| Other organizations performing similar types of work: | $30,000 |
Income to expenses ratio in 2013: 1.1
| Red Circle Foundation Inc: | 1.1 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 76.1%
| This organization: | 76.1% |
| Other organizations performing similar types of work: | 0.3% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $21,936 | $158,745 |
| Contributions, gifts, grants, and similar amounts received | $21,935 | $120,850 |
| Program service revenue including government fees and contracts | $0 | $37,884 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $1 | $11 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $0 | $0 |
| Total expenses | $14,625 | $139,885 |
| Total net assets | $7,311 | $26,171 |
| Excess/Deficit for the year | $7,311 | $18,860 |
| Net assets or fund balances at beginning of year | $0 | $7,311 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $7,311 | $26,171 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $7,311 | $74,273 |
| Total liabilities | $0 | $48,102 |
| Net assets or fund balances | $7,311 | $26,171 |
| Other Information | ||
| 2012 | 2013 | |
|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No |
| Were any significant changes made to the organizing or governing documents? | No | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No |
| Has the organization filed a Form 990-T for the year? | No | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | 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 | No |
| Total amount involved | $0 | $0 |
| Initiation fees and capital contributions | $0 | $0 |
| Gross receipts for public use of club facilities | $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 | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | 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 | $158,734 |
| Subtotal | $158,734 |
| Gifts, grants, contributions, and membership fees received | $158,734 |
| 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 | $158,745 |
| Public support | $158,734 |
| Subtotal | $11 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $11 |
| 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 | United States Navy Veterans Association Group Return, Group Return | 1718 M St Nw Ste 275, Washington, DC 20036-4504 | DC | 2004-05 | $13,701,165 |
| 2 | United States Navy Veterans Association | 1718 M St Nw Ste 275, Washington, DC 20036-4504 | DC | 2004-05 | $4,246,388 |
| 3 | Roa Standing Together For Americas Reservists Foundation Stars | 1 Constitution Ave Ne, Washington, DC 20002-5618 | DC | 2013-02 | $2,283,569 |
| 4 | United States Navy Veterans Association, California Chapter | 1718 M St Nw Ste 275, Washington, DC 20036-4504 | DC | 2004-05 | $1,956,396 |
| 5 | Caring For Military Families The Elizabeth Dole Foundation | 600 New Hampshire Ave Nw, Washington, DC 20037-2403 | DC | 2012-12 | $1,820,128 |
| 6 | United States Navy Veterans Association, Washington Chapter | 1718 M St Nw Ste 275, Washington, DC 20036-4504 | DC | 2004-05 | $992,741 |
| 7 | United States Navy Veterans Association, Georgia Chapter | 1718 M St Nw Ste 275, Washington, DC 20036-4504 | DC | 2004-05 | $483,898 |
| 8 | United States Navy Veterans Association, Minnesota Chapter | 1718 M St Nw Ste 275, Washington, DC 20036-4504 | DC | 2004-05 | $349,205 |
| 9 | United States Navy Veterans Association, New Mexico Chapter | 1718 M St Nw Ste 275, Washington, DC 20036-4504 | DC | 2004-05 | $249,305 |
| 10 | United States Navy Veterans Association, Rhode Island Chapter | 1718 M St Nw Ste 275, Washington, DC 20036-4504 | DC | 2004-05 | $248,385 |
| 11 | United States Navy Veterans Association, Kansas Chapter | 1718 M St Nw Ste 275, Washington, DC 20036-4504 | DC | 2004-05 | $248,341 |
| 12 | United States Navy Veterans Association, New Hampshire Chapter | 1718 M St Nw Ste 275, Washington, DC 20036-4504 | DC | 2004-05 | $247,545 |
| 13 | United States Navy Veterans Association, West Virginia Chapter | 1718 M St Nw Ste 275, Washington, DC 20036-4504 | DC | 2004-05 | $199,497 |
| 14 | United States Navy Veterans Association, Connecticut Chapter | 1718 M St Nw Ste 275, Washington, DC 20036-4504 | DC | 2004-05 | $197,205 |
| 15 | Red Circle Foundation Inc | PO BOX 15415, Washington, DC 20003-0415 | DC | 2013-08 | $158,745 |
| 16 | United States Navy Veterans Association, Michigan Chapter | 1718 M St Nw Ste 275, Washington, DC 20036-4504 | DC | 2004-05 | $99,555 |
| 17 | Military Association Of Atheists & Freethinkers | 888 16th St Nw Ste 800, Washington, DC 20006-4104 | DC | 2012-10 | $74,373 |
| 18 | Adjutants General Association Of The United States | 1 Massachusetts Avenue Nw, Washington, DC 20001-1401 | DC | 2014-09 | $54,997 |
| 19 | United States Navy Veterans Association, Arkansas Chapter | 1718 M St Nw Ste 275, Washington, DC 20036-4504 | DC | 2004-05 | $24,955 |
| 20 | Jewish War Veterans Of The United States Of America Foundation | 1811 R St Nw, Washington, DC 20009 | DC | 2011-12 | $9,366 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 7,505 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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