David Hwang Memorial Fund in Branford, Connecticut (CT)
Table of contents:
| David Hwang Memorial Fund | |
| Employer Identification Number (EIN) | 061476313 |
| Name of Organization | David Hwang Memorial Fund |
| In Care of Name | Nelson Hwang |
| Address | 108 School Ground Rd, Branford, CT 06405-2839 |
| Subsection | Charitable Organization |
| Ruling Date | 04/1999 |
| 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 | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $28,031 |
| Amount of Income | $25,884 |
| Form 990 Revenue Amount | $6,033 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2013: $25,884 (it was $24,965 in 2012)
| This organization: | $25,884 |
| Other organizations performing similar types of work: | $142,999 |
Assets in 2013: $28,031 (it was $23,139 in 2012)
| David Hwang Memorial Fund: | $28,031 |
| Other organizations performing similar types of work: | $163,550 |
Expenses in 2013: $1,141
| David Hwang Memorial Fund: | $1,141 |
| Other organizations performing similar types of work: | $170,922 |
Income to expenses ratio in 2013: 22.7
| David Hwang Memorial Fund: | 22.7 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 30.5%
| This organization: | 30.5% |
| Other organizations performing similar types of work: | 90.9% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $1,867 | $3,227 | $6,033 |
| Contributions, gifts, grants, and similar amounts received | $1,461 | $4,160 | $1,838 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $406 | $-933 | $4,195 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $25,082 | $20,805 | $24,046 |
| Less: direct expenses from gaming and fundraising events | $24,676 | $21,738 | $19,851 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $2,714 | $1,177 | $1,141 |
| Total net assets | $21,089 | $23,139 | $28,031 |
| Excess/Deficit for the year | $-847 | $2,050 | $4,892 |
| Net assets or fund balances at beginning of year | $21,936 | $21,089 | $23,139 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $21,089 | $23,139 | $28,031 |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $21,089 | $23,139 | $28,031 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $21,089 | $23,139 | $28,031 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No |
| Were any significant changes made to the organizing or governing documents? | No | No | 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 | No | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | 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 | No |
| Total amount involved | $0 | $0 | $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 | No | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | 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 | $126,602 |
| Subtotal | $126,602 |
| Gifts, grants, contributions, and membership fees received | $12,265 |
| 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 | $114,337 |
| 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 | $126,602 |
| Public support | $126,602 |
| 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 | One Spark Incorporated | 100 N Laura St Ste 601, Jacksonville, FL 32202-3655 | FL | 2014-02 | $988,163 |
| 2 | Somernites Cruise Inc | PO BOX 502, Somerset, KY 42502-0502 | KY | 2009-07 | $245,732 |
| 3 | Norwalk Housing Corp | 24 1/2 Monroe St, Norwalk, CT 06854-2926 | CT | 2000-03 | $176,034 |
| 4 | United Fund Drive Of Calvert City | PO BOX 37, Calvert City, KY 42029-0037 | KY | 1994-06 | $173,054 |
| 5 | Yah-Yah Girls Inc | 1106 Muscovie Ct, Punta Gorda, FL 33950 | FL | 2003-12 | $145,169 |
| 6 | United Way Of Pike County | PO BOX 806, Milford, PA 18337-0806 | PA | 1999-06 | $142,999 |
| 7 | Develop Michigan Inc | 1118 S Washington Ave, Lansing, MI 48910-1659 | MI | 2014-02 | $114,613 |
| 8 | Champions For A Cause | PO BOX 839, Columbus, MT 59019-0839 | MT | 2011-08 | $65,026 |
| 9 | Exchange Club Of St George Foundation | 90 E 200 N, St George, UT 84770-2842 | UT | 2001-10 | $61,228 |
| 10 | Boulder Junction Community Foundation Inc | Po Box 675, Boulder Junction, WI 54512 | WI | 2011-12 | $57,668 |
| 11 | Brentwood Park Initiative | 3903 Clairton Boulevard, Pittsburgh, PA 15227-2605 | PA | 2011-02 | $46,298 |
| 12 | River Oaks Foundation Inc | PO BOX 22632, Houston, TX 77227-2632 | TX | 2000-07 | $36,260 |
| 13 | David Hwang Memorial Fund | 108 School Ground Rd, Branford, CT 06405-2839 | CT | 1999-04 | $25,884 |
| 14 | Big Dawg Dare Nfp | 1112 N Franklin Ave, Litchfield, IL 62056-1337 | IL | 2012-06 | $17,756 |
| 15 | Central Iowa Board Of Realtors Foundation | 2515 University Blvd Ste 108, Ames, IA 50010-8628 | IA | 2012-08 | $4,364 |
| 16 | Ascension Mission Corporation | 1750 K St Nw Ste 300, Washington, DC 20006-2310 | DC | 2000-03 | $0 |
| 17 | Bucktown Race Committee, Bucktown 5k Race | 2243 N Hoyne Ave, Chicago, IL 60647-3309 | IL | 1999-06 | $0 |
| 18 | Community Connections | 117 Main St, Byfield, MA 01922-1102 | MA | 2001-01 | $0 |
| 19 | Eleemosynary Inc | 1060 W Abriendo Ave Apt C, Pueblo, CO 81004 | CO | 2005-03 | $0 |
| 20 | Pax In Terra | 31 Jeremiah Road, Sandy Hook, CT 06482 | CT | 2008-12 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 49 | ||||||||||||||||||||||||||||||||||||||||||||||||
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