Foundation Of St Marks Towers Inc in Brunswick, Georgia (GA)

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Foundation Of St Marks Towers Inc
Employer Identification Number (EIN)581555456
Name of OrganizationFoundation Of St Marks Towers Inc
Address1 Towers Plaza, Brunswick, GA 31520-4461
ActivitiesCare and housing for the aged (see also 382)
SubsectionCharitable Organization
Ruling Date12/1984
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 Period09/2014
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$267,157
Amount of Income$167,811
Form 990 Revenue Amount$71,684


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Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$11,035$17,967
Contributions, gifts, grants, and similar amounts received$2,745$5,395
Program service revenue including government fees and contracts$0$0
Membership dues and assessments$0$0
Investment income$6,010$9,792
Gain/Loss from sale of assets other than inventory$0$500
Gross amount from sale of assets other than inventory$0$500
Less: cost or other basis and sales expenses$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0
Other revenue$2,280$2,280
Total expenses$6,620$55,839
Total net assets$255,932$218,060
Excess/Deficit for the year$4,415$-37,872
Net assets or fund balances at beginning of year$251,517$255,932
Other changes in net assets or fund balances$0$0
Net assets or fund balances at end of year$218,060
Balance Sheets
201120122013
Total assets$251,516$255,932$218,060
Total liabilities$0$0$0
Net assets or fund balances$255,932$218,060
Other Information
201120122013
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 activitiesNoNo
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
Gross receipts for public use of club facilities$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 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$53,878
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