Institute For Global Asset And Risk Management Inc in Amherst, Massachusetts (MA)

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Institute For Global Asset And Risk Management Inc
Employer Identification Number (EIN)264536738
Name of OrganizationInstitute For Global Asset And Risk Management Inc
In Care of NamePatricia Bonnett
Address145 University Dr Unit 2807, Amherst, MA 01004-4086
SubsectionEducational Organization
Ruling Date11/2012
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 Period12/2013
Assets$10,000 to $24,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$14,475
Amount of Income$25,000
Form 990 Revenue Amount$25,000
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Research Institutes and/or Public Policy Analysis


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Amount of income in 2013: $25,000 (it was $53,781 in 2012)
Institute For Global Asset And Risk Management Inc: 

 $25,000
Other organizations performing similar types of work: 

 $132,080

Assets in 2013: $14,475 (it was $20,607 in 2012)
This organization: 

 $14,475
Other organizations performing similar types of work: 

 $66,874

Expenses in 2013: $31,132
Institute For Global Asset And Risk Management Inc: 

 $31,132
Other organizations performing similar types of work: 

 $132,703

Income to expenses ratio in 2013: 0.8
This organization: 

 0.8
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 100.0%
Institute For Global Asset And Risk Management Inc: 

 100.0%
Other organizations performing similar types of work: 

 46.0%

Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$30,490$53,781$25,000
Contributions, gifts, grants, and similar amounts received$35,090$53,781$25,000
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$0$0$0
Gain/Loss from sale of assets other than inventory$-4,600$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$37,188$91,597$31,132
Total net assets$58,423$20,607$14,475
Excess/Deficit for the year$-6,698$-37,816$-6,132
Net assets or fund balances at beginning of year$65,121$58,423$20,607
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$20,607$14,475
Balance Sheets
201120122013
Total assets$58,423$20,607$14,475
Total liabilities$0$0$0
Net assets or fund balances$58,423$20,607$14,475
Other Information
201120122013
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 activitiesNoNoNo
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$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?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 a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$438,400
Subtotal Support$438,400
Gifts, grants, contributions, and membership fees received$438,400
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
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$438,400
Public Support$438,400
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$0
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Number of organizations performing similar types of work
Alaska2
Alabama6
Arkansas4
Arizona10
California67
Colorado14
Connecticut2
District of Columbia28
Florida22
Georgia11
Hawaii1
Iowa4
Idaho4
Illinois14
Indiana3
Kansas5
Kentucky5
Louisiana6
Massachusetts16
Maryland14
Maine8
Michigan13
Minnesota7
Missouri10
Mississippi4
Montana5
North Carolina13
Nebraska2
New Hampshire2
New Jersey10
New Mexico4
Nevada1
New York34
Ohio9
Oregon6
Pennsylvania8
Rhode Island2
South Carolina6
Tennessee3
Texas33
Utah4
Virginia26
Vermont5
Washington11
Wisconsin4
West Virginia3
International2
Total473

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