Minerva Foundation Inc in Marietta, Georgia (GA)
Table of contents:
| Minerva Foundation Inc | |
| Employer Identification Number (EIN) | 470926754 |
| Name of Organization | Minerva Foundation Inc |
| In Care of Name | Sandra Horton |
| Address | PO BOX 674513, Marietta, GA 30006-0076 |
| Subsection | Charitable Organization |
| Ruling Date | 01/2012 |
| 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 | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $55,174 |
| Amount of Income | $31,778 |
| Form 990 Revenue Amount | $31,778 |
| National Taxonomy of Exempt Entities (NTEE) | Youth Development: Youth Community Service Clubs |
Non-representatives - add comments:
Amount of income in 2014: $31,778 (it was $97,755 in 2013)
| Minerva Foundation Inc: | $31,778 |
| Other organizations performing similar types of work: | $60,295 |
Assets in 2014: $55,174 (it was $120,502 in 2013)
| This organization: | $55,174 |
| Other organizations performing similar types of work: | $20,449 |
Expenses in 2014: $97,106
| Minerva Foundation Inc: | $97,106 |
| Other organizations performing similar types of work: | $48,063 |
Income to expenses ratio in 2014: 0.3
| This organization: | 0.3 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2014: 100.0%
| Minerva Foundation Inc: | 100.0% |
| Other organizations performing similar types of work: | 100.0% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||||
| 2010 | 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|---|
| Total revenue | $53,027 | $172,846 | $1,275 | $97,755 | $31,778 |
| Contributions, gifts, grants, and similar amounts received | $53,027 | $172,846 | $1,275 | $0 | $31,778 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $96,342 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $1,413 | $0 |
| Investment income | $0 | $0 | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 | $0 |
| Total expenses | $29,382 | $111,725 | $63,715 | $15,147 | $97,106 |
| Total net assets | $39,213 | $100,334 | $37,894 | $120,502 | $55,174 |
| Excess/Deficit for the year | $23,645 | $61,121 | $-62,440 | $82,608 | $-65,328 |
| Net assets or fund balances at beginning of year | $15,567 | $39,213 | $100,334 | $37,894 | $120,502 |
| Other changes in net assets or fund balances | $1 | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $120,502 | $55,174 | |||
| Balance Sheets | |||||
| 2010 | 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|---|
| Total assets | $39,213 | $100,334 | $37,894 | $120,502 | $55,174 |
| Total liabilities | $0 | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $39,213 | $100,334 | $37,894 | $120,502 | $55,174 |
| Other Information | |||||
| 2010 | 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |||
| Were any significant changes made to the organizing or governing documents? | No | No | |||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |||
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |||
| Amount of political expenditures, direct or indirect | $0 | $0 | |||
| Did the organization file Form 1120-POL for this year? | No | 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 | No | |||
| Total amount involved | $0 | $0 | |||
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $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 | No | |||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |||
| Reason for Public Charity Status (for 2014) | |
| 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 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $356,681 |
| Subtotal | $356,681 |
| Gifts, grants, contributions, and membership fees received | $356,681 |
| 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 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $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 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $356,681 |
| Public support | $356,681 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Minerva Foundation Inc | PO BOX 674513, Marietta, GA 30006-0076 | GA | 2012-01 | $31,778 |
| 2 | Pacesetter Youth Group Inc | 6102 Towne Lake Hts, Woodstock, GA 30189 | GA | 2009-02 | $1 |
| 3 | Albany American Dixie Youth Baseball Inc | PO BOX 3247, Albany, GA 31706-3247 | GA | 2001-06 | $0 |
| 4 | Boys To Men Club | 1236 Lucille Avenue, Atlanta, GA 30310 | GA | 2012-04 | $0 |
| 5 | Camps Giving Foundation | 2717 Waymar Dr Sw, Marietta, GA 30008-8178 | GA | 2015-02 | $0 |
| 6 | Circle K International Inc | Po Box 8151 Coba Fin And Quant Analysis, Statesboro, GA 30460 | GA | 2004-01 | $0 |
| 7 | Circle K International Inc | 7300 Reinhardt Circle, Waleska, GA 30183 | GA | 2004-01 | $0 |
| 8 | Circle K International Inc | Po Box 68, Young Harris, GA 30582 | GA | 2004-01 | $0 |
| 9 | Circle K International Inc, 72578c Georgia State University | 44 Courtland St Se, Atlanta, GA 30303-3011 | GA | 2004-01 | $0 |
| 10 | Circle K International Inc, Abac Circle K Abac Circle K Club | Po Box 1848, Tifton, GA 31793 | GA | 2004-01 | $0 |
| 11 | Circle K International Inc, C70483 Berry College | 2277 Martha Berry Hwy Nw, Mount Berry, GA 30149-9707 | GA | 2004-01 | $0 |
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| 13 | Circle K International Inc, C72959 Truett Mcconnell College | 100 Alumni Dr, Cleveland, GA 30528 | GA | 2004-01 | $0 |
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| 15 | Georgia Dairy Youth Foundation Inc | 1641 New High Shoals Road Suite 5, Watkinsville, GA 30677-5332 | GA | 2010-07 | $0 |
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| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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