Tec Foundation For Excellence In Audio, Mfea in Walnut Creek, California (CA)

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Tec Foundation For Excellence In Audio, Mfea
Employer Identification Number (EIN)943118554
Name of OrganizationTec Foundation For Excellence In Audio
Secondary NameMfea
In Care of NameMix Publications Inc
Address1547 Palos Verdes Mall, Walnut Creek, CA 94597-2228
ActivitiesDiscussion groups, forums, panels lectures, etc.
SubsectionCharitable Organization
Ruling Date10/1995
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period04/2012
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$26,249
Amount of Income$288,490
Form 990 Revenue Amount$125,944
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Education (Not Elsewhere Classified)


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Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$125,944
Contributions, Gifts, Grants and Other Similar Amounts$140,855
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net loss from fundraising events$-14,912
Gross income from fundraising events$147,634
Less: direct expenses$162,546
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$153,213
Compensation of current officers, directors, trustees, and key employees$29,500
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$123,713
Balance Sheet (for 2012)
Total assets$26,249
Total liabilities$240,052
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$240,052
Total net assets or fund balances$-213,803
Retained earnings, endowment, accumulated income, or other funds$-213,803
Reason for Public Charity Status (for 2012)
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
Support Schedule for Organizations Described in Section 509(a)(2) (for 2012)
2008 - 2012 Total
Total support$1,477,553
Gifts, grants, contributions, and membership fees received$686,961
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$789,381
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$1,211
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