Mike Peterson Foundation Inc, The Mike Peterson Foundation in Oldsmar, Florida (FL)

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Mike Peterson Foundation Inc, The Mike Peterson Foundation
Employer Identification Number (EIN)201663818
Name of OrganizationMike Peterson Foundation Inc
Secondary NameThe Mike Peterson Foundation
In Care of NameLiz Willyoung
Address1320 Forestedge Blvd, Oldsmar, FL 34677
Websitehttp://www.mikepeterson54.com
SubsectionCharitable Organization, Educational Organization
Ruling Date03/2005
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 Period2007
Assets$10,000 to $24,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$14,492
Amount of Income$39,008
Form 990 Revenue Amount$38,704
National Taxonomy of Exempt Entities (NTEE)Youth Development: Youth Development Programs, 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$38,704
Contributions, gifts, grants, and similar amounts received$36,431
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$2
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$2,271
Gross income from gaming$0
Gross income from fundraising events$2,575
Less: direct expenses from gaming and fundraising events$304
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$52,833
Total net assets$13,265
Deficit for the year$-14,129
Net assets or fund balances at beginning of year$27,394
Other changes in net assets or fund balances$0
Balance Sheets (for 2012)
Total assets$14,492
Total liabilities$1,227
Net assets or fund balances$13,265
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$325,826
Gifts, grants, contributions, and membership fees received$325,817
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$9
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