Marine Industry Cares Foundation Inc in Ft Lauderdale, Florida (FL)

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Marine Industry Cares Foundation Inc
Employer Identification Number (EIN)274281287
Name of OrganizationMarine Industry Cares Foundation Inc
In Care of NamePeter Hult
Address1043 Se 17th St, Ft Lauderdale, FL 33316-2116
SubsectionCharitable Organization
Ruling Date03/2011
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 Period12/2013
Assets$10,000 to $24,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$16,121
Amount of Income$176,249
Form 990 Revenue Amount$176,249
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Fund Raising and/or Fund Distribution


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Amount of income in 2013: $176,249 (it was $174,535 in 2012)
Marine Industry Cares Foundation Inc: 

 $176,249
Other organizations performing similar types of work: 

 $67,593

Assets in 2013: $16,121 (it was $20,543 in 2012)
This organization: 

 $16,121
Other organizations performing similar types of work: 

 $38,144

Expenses in 2013: $180,671
Marine Industry Cares Foundation Inc: 

 $180,671
Other organizations performing similar types of work: 

 $42,291

Income to expenses ratio in 2013: 1.0
This organization: 

 1.0
Other organizations performing similar types of work: 

 2.4

Grants share in income in 2013: 100.0%
Marine Industry Cares Foundation Inc: 

 100.0%
Other organizations performing similar types of work: 

 98.6%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$68,351$174,535$176,249
Contributions, gifts, grants, and similar amounts received$68,340$174,510$176,197
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$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$11$25$52
Total expenses$56,221$166,122$180,671
Total net assets$12,130$20,543$16,121
Excess/Deficit for the year$12,130$8,413$-4,422
Net assets or fund balances at beginning of year$0$12,130$20,543
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$20,543$16,121
Balance Sheets
201120122013
Total assets$12,130$20,543$16,121
Total liabilities$0$0$0
Net assets or fund balances$12,130$20,543$16,121
Other Information
201120122013
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 activitiesNoNoNo
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
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?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$451,291
Subtotal Support$451,291
Gifts, grants, contributions, and membership fees received$451,291
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$451,379
Public Support$451,291
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$88
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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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Southwest Childrens Swing For Life3911 E Chandler Blvd Pmb 123, Phoenix, AZ 85048AZ2007-03$75,238
2Jack Tarver Family FoundationPO BOX 1908, Orlando, FL 32802-1908FL2012-05$8,981,632
3Rtjc Hogan Family Foundation, Robert T Hogan Ttee1301 Riverplace Blvd Ste 1500, Jacksonville, FL 32207-9000FL2014-11$3,457,233
4The Arc Tampa Bay Foundation Inc1501 N Belcher Rd Ste 244, Clearwater, FL 33765-1300FL1983-12$1,758,711
5Gwenn And Scott Stevenson Foundation Inc7427 Floranada Way, Delray Beach, FL 33446-2374FL2009-09$1,296,998
6Boca West Community Charitable Foundation Inc20583 Boca West Dr, Boca Raton, FL 33434-4708FL2011-02$1,160,148
7Blacks Annual Gala Inc, Consequences Charity801 Brickell Bay Dr Ste 9, Miami, FL 33131-2942FL2010-02$737,597
8J T Townsend Foundation Inc8152 Seven Mile Drive, Ponte Vedra Beach, FL 32082FL2010-08$529,144
9Orszag Foundation777 S Flagler Dr West Tower No 1500, West Palm Beach, FL 33401FL2012-04$515,512
10Speranza Foundation7402 Ox Bow Cir, Tallahassee, FL 32312FL2012-09$305,151
11Rns Faithful Servant Foundation, Ronald M Ferris Jr Ttee732 Willowhead Dr, Naples, FL 34103-3544FL2014-10$303,382
12Constance And Richard Golber Foundation Tr Agreement, Constance Katz Golber Ttee3160 Burgundy Dr N, Palm Bch Gdns, FL 33410-1485FL2013-08$219,577
13The Senior Life Foundation IncPO BOX 57443, Jacksonville, FL 32241-7443FL2002-05$218,733
14William J Gallion Family Foundation IncPO BOX 924, Captiva, FL 33924-0924FL2002-10$185,927
15Marine Industry Cares Foundation Inc1043 Se 17th St, Ft Lauderdale, FL 33316-2116FL2011-03$176,249
16Waterman Village Foundation Inc250 Brookfield Ave, Mount Dora, FL 32757-9559FL2003-05$167,093
17Angels For Foster Kids Inc5413 Cafrey Place Fl, Apollo Beach, FL 33572FL2009-03$136,021
18West Coast Bike Rally Association Inc8437 Tuttle Ave Box 316, Sarasota, FL 34243-2868FL2009-03$113,007
19Naples Auto Donation Center Inc1742 Commercial Drive, Naples, FL 34112-4814FL2012-04$112,416
20World Of Hope Furniture And Thrift Inc1401 S State Road 7, North Lauderdale, FL 33068-4606FL2014-08$107,518
Number of organizations performing similar types of work
Alaska6
Alabama37
Arkansas10
Arizona53
California292
Colorado54
Connecticut35
District of Columbia9
Delaware8
Florida202
Georgia64
Hawaii12
Iowa13
Idaho18
Illinois86
Indiana36
Kansas18
Kentucky27
Louisiana33
Massachusetts74
Maryland46
Maine11
Michigan91
Minnesota32
Missouri41
Mississippi9
Montana10
North Carolina95
North Dakota4
Nebraska8
New Hampshire15
New Jersey93
New Mexico9
Nevada29
New York174
Ohio92
Oklahoma19
Oregon48
Pennsylvania109
Rhode Island20
South Carolina24
South Dakota8
Tennessee35
Texas195
Utah31
Virginia62
Vermont7
Washington54
Wisconsin40
West Virginia4
Wyoming6
International3
Total2,511

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