Drayton Florence Foundation Inc in Minneapolis, Minnesota (MN)

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Drayton Florence Foundation Inc
Employer Identification Number (EIN)943458556
Name of OrganizationDrayton Florence Foundation Inc
In Care of NameLiz Willyoung
Address80 S 8th St Ste 900, Minneapolis, MN 55402-8773
SubsectionCharitable Organization
Ruling Date06/2011
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$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$210,679
Amount of Income$105,843
Form 990 Revenue Amount$105,843
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Educational Services and Schools - Other

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Financial snapshot ($)

Revenue for 2012

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$82,167
Contributions, gifts, grants, and similar amounts received$76,293
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$34
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$5,840
Gross income from gaming$0
Gross income from fundraising events$13,615
Less: direct expenses from gaming and fundraising events$7,775
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$53,930
Total net assets$254,673
Excess for the year$28,237
Net assets or fund balances at beginning of year$226,436
Other changes in net assets or fund balances$0
Balance Sheets (for 2012)
Total assets$258,573
Total liabilities$3,900
Net assets or fund balances$254,673
Other Information (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
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$438,901
Gifts, grants, contributions, and membership fees received$438,851
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
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$50
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