Magnolia Library Center Inc in Gloucester, Massachusetts (MA)
Table of contents:
| Magnolia Library Center Inc | |
| Employer Identification Number (EIN) | 237089725 |
| Name of Organization | Magnolia Library Center Inc |
| Address | PO BOX 5552, Gloucester, MA 01930-0007 |
| Activities | Other school related activities, Library |
| Subsection | Literary Organization |
| Ruling Date | 11/1970 |
| 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 | 08/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $143,865 |
| Amount of Income | $50,798 |
| Form 990 Revenue Amount | $35,319 |
Non-representatives - add comments:
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $34,823 | $45,217 | $35,319 |
| Contributions, gifts, grants, and similar amounts received | $8,712 | $7,298 | $6,388 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $4,300 | $4,675 | $3,660 |
| Investment income | $12,253 | $17,135 | $15,899 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $9,558 | $16,109 | $9,372 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $18,442 | $24,915 | $24,851 |
| Less: direct expenses from gaming and fundraising events | $8,884 | $8,806 | $15,479 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $26,655 | $26,397 | $34,071 |
| Total net assets | $123,797 | $142,617 | $143,865 |
| Excess/Deficit for the year | $8,168 | $18,820 | $1,248 |
| Net assets or fund balances at beginning of year | $115,629 | $123,797 | $142,617 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $142,617 | $143,865 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $123,797 | $142,617 | $143,865 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $123,797 | $142,617 | $143,865 |
| 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 | $146,111 |
| Subtotal | $146,111 |
| Gifts, grants, contributions, and membership fees received | $35,033 |
| 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 | $111,078 |
| 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 | $148,539 |
| Public support | $146,111 |
| Subtotal | $2,428 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $2,428 |
| 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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| Other organizations in Massachusetts | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Madonna Dobrotiva Foundation | 88 Summer St, Andover, MA 01810-1826 | MA | 1998-02 | $1,707 |
| 2 | Madonna Hall For Girls | 1354 Hancock St Ste 209, Quincy, MA 02169-5109 | MA | 1982-12 | $332,437 |
| 3 | Madonna Manor Inc | 85 N Washington St, N Attleboro, MA 02760-1634 | MA | 1946-03 | $10,518,591 |
| 4 | Magda M Johnson T U W | 25 Main St, Lenox, MA 01240-2311 | MA | 1974-04 | $80,442 |
| 5 | Magic Garden Inc | PO BOX 34, Lincoln, MA 01773-0034 | MA | 1983-04 | $1,133,400 |
| 6 | Magic Hat Thrift Shop Inc | 217 Pleasant St, Marblehead, MA 01945-2251 | MA | 2006-06 | $125,634 |
| 7 | Magic Years Inc | PO BOX 215, Manchester, MA 01944-0215 | MA | 1976-02 | $91,972 |
| 8 | Magliochetti Family Foundation Inc | 30 Coachman Ln, North Andover, MA 01845-2014 | MA | 2002-02 | $10,000 |
| 9 | Magnolia Beach Corporation | PO BOX 5543, Magnolia, MA 01930-0007 | MA | 1952-06 | $30,136 |
| 10 | Magnolia Historical Society Inc | PO BOX 5551, Magnolia, MA 01930 | MA | 1989-11 | $24,417 |
| 11 | Magnolia Library Center Inc | PO BOX 5552, Gloucester, MA 01930-0007 | MA | 1970-11 | $50,798 |
| 12 | Magnolia Neighborhood Association Inc | PO BOX 5361, Magnolia, MA 01930-0005 | MA | 2003-03 | $1,895 |
| 13 | Mahaiwe Harvest Land Trust Inc | 137 North St, Pittsfield, MA 01201-5108 | MA | 1996-03 | $226,100 |
| 14 | Mahaiwe Performing Arts Center Inc | 244 Main St, Great Barrington, MA 01230-1984 | MA | 2003-04 | $2,359,215 |
| 15 | Main South Community Development Corporation | 875 Main St, Worcester, MA 01610-5408 | MA | 2011-02 | $6,248,848 |
| 16 | Major & Mrs Frank H Ferdian Education Foundation | PO BOX 4256, Springfield, MA 01101-4256 | MA | 2014-12 | $10,115 |
| 17 | Major David Scott Connolly Foundation Inc, Debra Connolly Ttee | C/O G Connolly 14 Tower Ave, Needham, MA 02194 | MA | 2006-12 | $8,586 |
| 18 | Major John F Regan Memorial Charitable Tr | 57 Fox Hill Rd, Mashpee, MA 02649 | MA | 1987-03 | $10,258 |
| 19 | Major Taylor Association Inc | PO BOX 20131, Worcester, MA 01602-0131 | MA | 2001-02 | $8,272 |
| 20 | Make A Wish Foundation Of Western And Central Massachusetts Inc | 1 Armory Sq, Springfield, MA 01105-1204 | MA | 1987-09 | $766,293 |
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