Sae Somang International Foundation - Inc in Atlanta, Georgia (GA)

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Sae Somang International Foundation - Inc
Employer Identification Number (EIN)451710411
Name of OrganizationSae Somang International Foundation - Inc
In Care of NameDANI BUTLER
Address74 Park Cir Ne, Atlanta, GA 30305
SubsectionCharitable Organization
Ruling Date05/2012
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 Period2013
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$14,770
Amount of Income$14,815
Form 990 Revenue Amount$14,815
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations


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Amount of income in 2013: $14,815 (it was $17,315 in 2012)
This organization: 

 $14,815
Other organizations performing similar types of work: 

 $105,489

Assets in 2013: $14,770 (it was $14,770 in 2012)
This organization: 

 $14,770
Other organizations performing similar types of work: 

 $325,460

Expenses in 2012: $775
Sae Somang International Foundation - Inc: 

 $775
Other organizations performing similar types of work: 

 $49,058

Income to expenses ratio in 2012: 19.1
Sae Somang International Foundation - Inc: 

 19.1
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2012: 100.0%
Sae Somang International Foundation - Inc: 

 100.0%
Other organizations performing similar types of work: 

 22.8%

Financial snapshot ($)

Revenue for 2012

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$14,815
Contributions, gifts, grants, and similar amounts received$14,815
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$0
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross income from gaming$0
Gross income from fundraising events$2,500
Less: direct expenses from gaming and fundraising events$2,500
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$775
Total net assets$14,770
Excess for the year$14,040
Net assets or fund balances at beginning of year$0
Other changes in net assets or fund balances$730
Balance Sheets (for 2012)
Total assets$14,770
Total liabilities$0
Net assets or fund balances$14,770
Other Information (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2012)
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
Support Schedule for Organizations Described in Section 509(a)(2) (for 2012)
2008 - 2012 Total
Total support$14,815
Gifts, grants, contributions, and membership fees received$14,815
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
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
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3The Gaby Family Foundation400 Galleria Pkwy Se Ste 1050, Atlanta, GA 30339-5934GA2012-02$8,225,749
4Soma Foundation IncPO BOX 5346, Columbus, GA 31906-0346GA2014-10$7,554,465
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6Eden Charitable Foundation Inc9182 Selborne Ln, Palmetto, GA 30268-2268GA2012-07$6,521,959
7Tom And Linda Hannon Foundation Inc1851 Collinsworth Rd, Palmetto, GA 30268-9407GA2005-04$5,933,914
8Melvin Douglas And Victoria Kay Ivester Foundation Inc411 Peachtree Battle Ave Nw, Atlanta, GA 30305-4032GA2012-11$5,478,044
9Jesse David Hendley Foundation Inc380 Boling Dr, Marietta, GA 30068-3601GA2012-12$5,422,494
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11Virginia Kimbrough Clark Reese & Thomas Matt Reese TrustPO BOX 23024, Columbus, GA 31902-3024GA2000-03$3,605,675
12The Klump Family Foundation Inc3060 Peachtree Rd Nw Ste 400, Atlanta, GA 30305-2239GA2008-05$3,521,432
13Entelechy FoundationPO BOX 57343, Atlanta, GA 30343-1343GA2015-04$3,500,000
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16Dan Laz Foundation Inc40 Kenmare Hall Ne, Atlanta, GA 30324-2566GA2013-05$2,107,316
17Waters Foundation Inc35 Island Dr, Savannah, GA 31406-5238GA2006-10$2,099,691
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Number of organizations performing similar types of work
Alaska25
Alabama219
Arkansas78
Arizona303
California2,586
Colorado408
Connecticut419
District of Columbia111
Delaware583
Florida1,525
Georgia481
Hawaii85
Iowa178
Idaho58
Illinois1,113
Indiana311
Kansas157
Kentucky167
Louisiana161
Massachusetts705
Maryland425
Maine85
Michigan619
Minnesota384
Missouri346
Mississippi70
Montana69
North Carolina788
North Dakota20
Nebraska169
New Hampshire75
New Jersey876
New Mexico92
Nevada215
New York2,617
Ohio698
Oklahoma228
Oregon208
Pennsylvania1,086
Rhode Island184
South Carolina171
South Dakota32
Tennessee266
Texas1,263
Utah274
Virginia477
Vermont54
Washington401
Wisconsin354
West Virginia69
Wyoming63
International44
Total22,395

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