Town Of Medley Foundation Inc in Medley, Florida (FL)

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Town Of Medley Foundation Inc
Employer Identification Number (EIN)311611414
Name of OrganizationTown Of Medley Foundation Inc
Address7777 Nw 72nd Ave, Medley, FL 33166-2213
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date10/1998
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2014
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$76,278
Amount of Income$33,572
Form 990 Revenue Amount$33,572
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Fund Raising Organizations That Cross Categories


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Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$33,514$21,718$37,058
Contributions, gifts, grants, and similar amounts received$33,219$21,441$36,985
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$295$277$73
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$0$0$0
Total expenses$55,166$55,694$59,836
Total net assets$124,480$90,504$67,726
Excess/Deficit for the year$-21,652$-33,976$-22,778
Net assets or fund balances at beginning of year$146,132$124,480$90,504
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$90,504$67,726
Balance Sheets
201120122013
Total assets$197,411$140,743$85,564
Total liabilities$72,931$50,239$17,838
Net assets or fund balances$124,480$90,504$67,726
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 organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Number of organizations supported1
Sum of amounts of support$0
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