Coralwood Foundation Inc in Decatur, Georgia (GA)
Table of contents:
| Coralwood Foundation Inc | |
| Employer Identification Number (EIN) | 202821963 |
| Name of Organization | Coralwood Foundation Inc |
| In Care of Name | Principal Coralwood School |
| Address | 2477 Coralwood Dr, Decatur, GA 30033-1322 |
| Subsection | Charitable Organization |
| Ruling Date | 07/2005 |
| 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 | 06/2014 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $589,976 |
| Amount of Income | $126,901 |
| Form 990 Revenue Amount | $115,995 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2014: $126,901 (it was $117,865 in 2013)
| This organization: | $126,901 |
| Other organizations performing similar types of work: | $74,829 |
Assets in 2014: $589,976 (it was $493,906 in 2013)
| This organization: | $589,976 |
| Other organizations performing similar types of work: | $36,669 |
Expenses in 2013: $94,652
| This organization: | $94,652 |
| Other organizations performing similar types of work: | $48,324 |
Income to expenses ratio in 2013: 1.3
| This organization: | 1.3 |
| Other organizations performing similar types of work: | 0.8 |
Grants share in income in 2013: 59.0%
| This organization: | 59.0% |
| Other organizations performing similar types of work: | 3.5% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $108,724 | $120,232 | $117,865 |
| Contributions, gifts, grants, and similar amounts received | $62,064 | $57,877 | $69,517 |
| Program service revenue including government fees and contracts | $0 | $19,725 | $16,481 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $7,465 | $7,400 | $8,929 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $39,195 | $34,837 | $22,488 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $39,195 | $44,887 | $36,178 |
| Less: direct expenses from gaming and fundraising events | $0 | $10,050 | $13,690 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $393 | $450 |
| Total expenses | $57,859 | $66,922 | $94,652 |
| Total net assets | $399,808 | $453,432 | $493,795 |
| Excess/Deficit for the year | $50,865 | $53,310 | $23,213 |
| Net assets or fund balances at beginning of year | $317,731 | $399,808 | $453,432 |
| Other changes in net assets or fund balances | $31,212 | $314 | $17,150 |
| Net assets or fund balances at end of year | $493,795 | ||
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $399,808 | $454,656 | $493,906 |
| Total liabilities | $0 | $1,224 | $111 |
| Net assets or fund balances | $399,808 | $453,432 | $493,795 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | ||
| Were any significant changes made to the organizing or governing documents? | 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 | ||
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | ||
| Amount of political expenditures, direct or indirect | $0 | ||
| Did the organization file Form 1120-POL for this year? | 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 | ||
| Total amount involved | $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 | ||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | ||
| 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 supported | 0 |
| 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 | $374,465 |
| Subtotal Support | $374,465 |
| Gifts, grants, contributions, and membership fees received | $374,465 |
| 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 | $410,812 |
| Public Support | $374,465 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $35,635 |
| 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 | $712 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Scago Educational Facilities Corporation For Spartanburg School | 100 N Danzler Rd, Duncan, SC 29334-9380 | SC | 2008-08 | $10,595,942 |
| 2 | The Visual Arts Center Of Richmond | 1812 W Main St, Richmond, VA 23220-4520 | VA | 1966-08 | $1,752,921 |
| 3 | San Marcos Baptist Academy Foundation | 2801 Ranch Road 12, San Marcos, TX 78666-2433 | TX | 1964-12 | $29,104 |
| 4 | Cambridge Athletic Association Inc | 2485 Bethany Bnd, Milton, GA 30004-4320 | GA | 2012-08 | $686,266 |
| 5 | North Paulding Touchdown Club | 3330 Cobb Pkwy Ste 324 321, Acworth, GA 30101-8320 | GA | 2011-09 | $423,183 |
| 6 | Mceachern High School Athletic Booster Club Inc | 4881 Hiram Lithia Springs Rd, Powder Spgs, GA 30127-3122 | GA | 2010-02 | $411,173 |
| 7 | Lambert Football Booster Club Incorporated, Lambert Touchdown Club | 805 Nichols Rd, Suwanee, GA 30024-1603 | GA | 2010-05 | $391,237 |
| 8 | Walton Raider Touchdown Club Inc | 1590 Bill Murdock Rd, Marietta, GA 30062-5953 | GA | 1999-04 | $345,574 |
| 9 | South Forsyth Band Boosters Inc | 585 Peachtree Pkwy, Cumming, GA 30041-6821 | GA | 1999-12 | $265,591 |
| 10 | Harrison High Basketball Boosters Inc | PO BOX 801542, Acworth, GA 30101-1228 | GA | 2011-01 | $250,118 |
| 11 | Prhs Touchdown Club Inc | 6555 Sugarloaf Pkwy, Duluth, GA 30097-4930 | GA | 2010-11 | $176,981 |
| 12 | Parent Booster Usa Inc, Warrior Band Boosters Inc | PO BOX 1702, Cleveland, GA 30528-0031 | GA | 2005-10 | $176,371 |
| 13 | Trojan Youth Lacorsse Inc | 3605 Sandy Plains Road, Marietta, GA 30066-3068 | GA | 2007-12 | $168,997 |
| 14 | North Forsyth High School Football Booster Club | 3655 Coal Mountain Dr, Cumming, GA 30028-3279 | GA | 2011-10 | $157,760 |
| 15 | Warren T Jackson Educationfoundation Inc | 1325 Mount Paran Rd Nw, Atlanta, GA 30327-3705 | GA | 2007-06 | $135,632 |
| 16 | Woodstock Wolverine Touchdown Club Inc | 2010 Towne Lake Hills South, Woodstock, GA 30189 | GA | 2010-09 | $127,208 |
| 17 | Tritt Tiger Foundation Inc | 4435 Post Oak Tritt Rd, Marietta, GA 30062-5622 | GA | 2001-12 | $126,060 |
| 18 | Woodland Band Boosters Association Inc | PO BOX 2152, Cartersville, GA 30120-1686 | GA | 2014-01 | $124,216 |
| 19 | Allatoona High School Cheerleading Booster Club Incorporated | 1720 Mars Hill Road Nw Suite 8-186, Acworth, GA 30101-7127 | GA | 2012-07 | $116,047 |
| 20 | Parent Booster Usa Inc, Milton Boys Lacrosse Inc | 13025 Birmingham Hwy, Milton, GA 30004-7306 | GA | 2005-10 | $114,869 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 7,349 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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