Modernaires Inc Term in Tucker, Georgia (GA)

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Modernaires Inc Term
Employer Identification Number (EIN)580916575
Name of OrganizationModernaires Inc Term
Address3587 Cold Water Canyon Ct, Tucker, GA 30084
ActivitiesOther school related activities, Fundraising
SubsectionCharitable Organization
Ruling Date12/1964
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
Exempt Organization StatusUnconditional Exemption
Tax Period2011
Assets$1 to $9,999
Income$1 to $9,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$1,778
Amount of Income$167
Form 990 Revenue Amount$-1,148

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Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue$-190$-1,148
Contributions, gifts, grants, and similar amounts received$0$0
Program service revenue including government fees and contracts$0$0
Membership dues and assessments$0$0
Investment income$0$0
Gain/Loss from sale of assets other than inventory$0$0
Net income/loss from gaming and fundraising events$-190$-1,148
Gross income from gaming$0$0
Gross income from fundraising events$5,575$167
Less: direct expenses from gaming and fundraising events$5,765$1,315
Gross profit/loss from sales of inventory$0$0
Other revenue$0$0
Total expenses$891$196
Total net assets$3,122$1,778
Excess/Deficit for the year$-1,081$-1,344
Net assets or fund balances at beginning of year$4,203$3,122
Other changes in net assets or fund balances$0$0
Net assets or fund balances at end of year$2,826$1,778
Balance Sheets
Total assets$3,122$1,778
Total liabilities$0$0
Net assets or fund balances$3,122$1,778
Other Information
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 activitiesNoNo
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
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?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 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 supported0
Sum of amounts of support$0
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