Clement Family Foundation in Cresco, Iowa (IA)
Table of contents:
| Clement Family Foundation | |
| Employer Identification Number (EIN) | 208534658 |
| Name of Organization | Clement Family Foundation |
| In Care of Name | Jc Miller |
| Address | 11969 Valley Ave, Cresco, IA 52136-8208 |
| Subsection | Charitable Organization |
| Ruling Date | 05/2007 |
| 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 | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $148,648 |
| Amount of Income | $143,270 |
| Form 990 Revenue Amount | $68,409 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2013: $143,270 (it was $149,373 in 2012)
| This organization: | $143,270 |
| Other organizations performing similar types of work: | $65,432 |
Assets in 2013: $148,648 (it was $127,731 in 2012)
| Clement Family Foundation: | $148,648 |
| Other organizations performing similar types of work: | $22,467 |
Expenses in 2013: $47,492
| This organization: | $47,492 |
| Other organizations performing similar types of work: | $47,492 |
Income to expenses ratio in 2013: 3.0
| Clement Family Foundation: | 3.0 |
| Other organizations performing similar types of work: | 0.9 |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $150,998 | $149,373 | $68,409 |
| Contributions, gifts, grants, and similar amounts received | $17,469 | $14,706 | $0 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $392 | $4,009 | $3,911 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $133,137 | $130,658 | $61,707 |
| Gross income from gaming | $133,137 | $130,658 | $109,466 |
| Gross income from fundraising events | $0 | $0 | $27,102 |
| Less: direct expenses from gaming and fundraising events | $0 | $0 | $74,861 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $2,791 |
| Total expenses | $112,259 | $124,797 | $47,492 |
| Total net assets | $103,155 | $127,731 | $148,648 |
| Excess/Deficit for the year | $38,739 | $24,576 | $20,917 |
| Net assets or fund balances at beginning of year | $65,122 | $103,155 | $127,731 |
| Other changes in net assets or fund balances | $-706 | $0 | $0 |
| Net assets or fund balances at end of year | $127,731 | $148,648 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $103,155 | $127,731 | $148,648 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $103,155 | $127,731 | $148,648 |
| 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 | $669,970 |
| Subtotal | $669,970 |
| Gifts, grants, contributions, and membership fees received | $41,828 |
| 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 | $628,142 |
| 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 | $679,076 |
| Public support | $669,970 |
| Subtotal | $9,106 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $9,106 |
| 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 | Ames High School Athletic Booster Club Inc | 1921 Ames High Dr, Ames, IA 50010-5171 | IA | 2004-03 | $378,795 |
| 2 | Diamonds And Fields | 605 Tuve Avenue, Parkersburg, IA 50665 | IA | 2013-06 | $253,800 |
| 3 | Cedar Valley Sports And Entertainment Commission | PO BOX 4166, Waterloo, IA 50704-4166 | IA | 2005-08 | $178,395 |
| 4 | Clement Family Foundation | 11969 Valley Ave, Cresco, IA 52136-8208 | IA | 2007-05 | $143,270 |
| 5 | Indianola Community Youth Foundation | PO BOX 423, Indianola, IA 50125-0423 | IA | 2011-03 | $129,601 |
| 6 | Waco Athletic Booster Club | PO BOX 261, Wayland, IA 52654-0261 | IA | 2010-05 | $91,517 |
| 7 | Chickasaw Athletic Booster Club | 215 S 1st Ave, New Hampton, IA 50659-1705 | IA | 2003-11 | $68,075 |
| 8 | Belle Plaine Athletic Booster Club Inc | P O Box 203, Belle Plaine, IA 52208 | IA | 2007-12 | $52,648 |
| 9 | Club Dysart | PO BOX 372, Dysart, IA 52224-0372 | IA | 2002-06 | $47,104 |
| 10 | Replay - Community Playground Revitalization Program | 4844 Nw 68th Pl, Johnston, IA 50131-1319 | IA | 2015-01 | $8,957 |
| 11 | Central Iowa Baseball Inc | 3509 80th St, Urbandale, IA 50322-7014 | IA | 2006-08 | $4,364 |
| 12 | Dominican Aces Project | 1813 Bennett Dr Apartment 72, West Des Moines, IA 50265 | IA | 2009-12 | $0 |
| 13 | Fit Running Club Of Cresco | 13282 Valley Ave, Cresco, IA 52136 | IA | 2009-11 | $0 |
| 14 | Fort Dodge Athletic Booster Club, C-O David A Sergeant | 1156 N 19th St, Ft Dodge, IA 50501-7700 | IA | 2014-09 | $0 |
| 15 | Friends Of Cvsc | 500 Jefferson Street, Waterloo, IA 50703 | IA | 2013-04 | $0 |
| 16 | Friends Of Hiawatha Parks And Recreation | 101 Emmons Street, Hiawatha, IA 52233 | IA | 2013-06 | $0 |
| 17 | Iba Archery Foundation Inc | Po Box 16, Derby, IA 50068 | IA | 2007-05 | $0 |
| 18 | Northern Lights Hockey Foundation Inc | 1800 Admiral Sheehy Drive, Dubuque, IA 52001 | IA | 2013-06 | $0 |
| 19 | Qc Stealth | 5723 Judge Rd, Bettendorf, IA 52722-1203 | IA | 2014-12 | $0 |
| 20 | Streamline Kids Inc | Po Box 401, Marion, IA 52302 | IA | 2011-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,173 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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