George Community Foundation in George, Iowa (IA)
Table of contents:
| George Community Foundation | |
| Employer Identification Number (EIN) | 263654671 |
| Name of Organization | George Community Foundation |
| Address | 120 S Main St Box 686, George, IA 51237-7743 |
| Subsection | Charitable Organization |
| Ruling Date | 08/2009 |
| 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 | 12/2014 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $3,545 |
| Amount of Income | $7,445 |
| Form 990 Revenue Amount | $7,445 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2014: $7,445 (it was $42,317 in 2013)
| George Community Foundation: | $7,445 |
| Other organizations performing similar types of work: | $60,000 |
Assets in 2014: $3,545 (it was $2,545 in 2013)
| This organization: | $3,545 |
| Other organizations performing similar types of work: | $38,951 |
Expenses in 2013: $41,317
| George Community Foundation: | $41,317 |
| Other organizations performing similar types of work: | $33,868 |
Income to expenses ratio in 2013: 0.2
| This organization: | 0.2 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2013: 100.0%
| George Community Foundation: | 100.0% |
| Other organizations performing similar types of work: | 37.8% |
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $23,554 | $26,269 | $42,317 |
| Contributions, gifts, grants, and similar amounts received | $23,120 | $26,269 | $42,317 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $434 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $115,938 | $26,584 | $41,317 |
| Total net assets | $1,860 | $1,545 | $2,545 |
| Excess/Deficit for the year | $-92,384 | $-315 | $1,000 |
| Net assets or fund balances at beginning of year | $94,244 | $1,860 | $1,545 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $1,545 | $2,545 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $1,860 | $1,545 | $2,545 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $1,860 | $1,545 | $2,545 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| 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 |
| 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 |
| 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 | 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 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 supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $210,747 |
| Subtotal | $210,747 |
| Gifts, grants, contributions, and membership fees received | $210,313 |
| 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 | $434 |
| 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 | $210,747 |
| Public support | $210,747 |
| 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 | Lake City Partnership Council | 133b E Main St, Lake City, SC 29560-2626 | SC | 2011-09 | $13,089,389 |
| 2 | Pershing Square Foundation | 10 Melville Park Rd, Melville, NY 11747-3146 | NY | 2009-02 | $10,002,234 |
| 3 | Cedar Street Charitable Foundation Inc | 111 E Kilbourn Ave Ste 200, Milwaukee, WI 53202-6672 | WI | 2009-07 | $8,736,198 |
| 4 | Teamsters Local 986 Charity Fund Inc | 1198 Durfee Ave, S El Monte, CA 91733-4412 | CA | 1989-08 | $8,386,314 |
| 5 | Community Foundation Of Wyandotte County | 9001 W 110th Street, Overland Park, KS 66210-2145 | KS | 2011-09 | $7,879,547 |
| 6 | Fund For Our Economic Future Of Northeast Ohio | 1360 E 9th St Ste 210, Cleveland, OH 44114-1746 | OH | 2009-12 | $6,467,823 |
| 7 | Thomas P And Sondra D Sheehan Charitable Foundation | 515 E Main St, Carmel, IN 46032-2258 | IN | 2009-10 | $4,385,885 |
| 8 | Act For Alexandria | 1421 Prince St Ste 400, Alexandria, VA 22314-2805 | VA | 2009-09 | $4,129,470 |
| 9 | Whirlpool Collective Impact Fund | 2000 N M 63, Benton Harbor, MI 49022-2632 | MI | 2015-03 | $2,377,915 |
| 10 | Center Of Excellence Properties Fund | PO BOX 100, Park City, UT 84060-0100 | UT | 2007-12 | $2,196,000 |
| 11 | Texas Medical Association Foundation | 401 W 15th St, Austin, TX 78701-1670 | TX | 1966-03 | $1,937,497 |
| 12 | Iowa City Area Chamber Of Commerce Foundation | 325 E Washington St, Iowa City, IA 52240-3968 | IA | 1989-08 | $17,671 |
| 13 | George Community Foundation | 120 S Main St Box 686, George, IA 51237-7743 | IA | 2009-08 | $7,445 |
| 14 | Maquoketa Valley Alliance | Box 4, Delhi, IA 52223 | IA | 2013-03 | $1,789 |
| 15 | Michael E Portzen And Sara A Portzen Family Foundation | 16748 Thunder Hills Dr, Peosta, IA 52068-9707 | IA | 2013-10 | $1 |
| 16 | Davenport Breakfast Lions Charities Inc | 2809 Stafford Blvd, Bettendorf, IA 52722 | IA | 2004-06 | $0 |
| 17 | Lift Iowa | 925 29th St, Des Moines, IA 50312-3612 | IA | 2015-04 | $0 |
| 18 | Paton Business Club | 2159 120th St, Paton, IA 50217-8075 | IA | 1999-07 | $0 |
| 19 | We Can Help Committee | Po Box 365 409 Montana St, Glidden, IA 51443-0365 | IA | 2009-08 | $0 |
| 20 | White Trucking Ministries Corporation | 1115 125th Street, Hartwick, IA 52232 | IA | 2014-07 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 471 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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