Masconomet Education Foundation in Topsfield, Massachusetts (MA)
Table of contents:
| Masconomet Education Foundation | |
| Employer Identification Number (EIN) | 272769956 |
| Name of Organization | Masconomet Education Foundation |
| In Care of Name | John Bermudez |
| Address | 19 Candlewood Dr, Topsfield, MA 01983-1903 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 11/2011 |
| 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 | 06/2014 |
| Assets | $10,000 to $24,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $17,233 |
| Amount of Income | $20,615 |
| Form 990 Revenue Amount | $20,615 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2014: $20,615 (it was $22,524 in 2013)
| This organization: | $20,615 |
| Other organizations performing similar types of work: | $86,203 |
Assets in 2014: $17,233 (it was $4,338 in 2013)
| This organization: | $17,233 |
| Other organizations performing similar types of work: | $53,182 |
Expenses in 2013: $21,958
| Masconomet Education Foundation: | $21,958 |
| Other organizations performing similar types of work: | $53,420 |
Income to expenses ratio in 2013: 0.9
| This organization: | 0.9 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 100.0%
| Masconomet Education Foundation: | 100.0% |
| Other organizations performing similar types of work: | 12.0% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $9,895 | $30,314 | $22,524 |
| Contributions, gifts, grants, and similar amounts received | $9,895 | $30,314 | $22,524 |
| 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 | $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 | $7,872 | $28,574 | $21,958 |
| Total net assets | $2,023 | $3,763 | $4,338 |
| Excess/Deficit for the year | $2,023 | $1,740 | $566 |
| Net assets or fund balances at beginning of year | $0 | $2,023 | $3,772 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $4,338 | ||
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $2,023 | $3,763 | $4,338 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $2,023 | $3,763 | $4,338 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | ||
| Were any significant changes made to the organizing or governing documents? | 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 | ||
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | ||
| Amount of political expenditures, direct or indirect | $0 | ||
| Did the organization file Form 1120-POL for this year? | 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 | ||
| Total amount involved | $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 | ||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | 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 | $62,722 |
| Subtotal | $62,722 |
| Gifts, grants, contributions, and membership fees received | $62,722 |
| 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 | $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 | $62,722 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $62,722 |
| Public support | $62,722 |
| 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 | Western Carolina University Research & Development Corporation | Hfr Administration Bldg Ste 312, Cullowhee, NC 28723 | NC | 2002-08 | $3,575,122 |
| 2 | Thayer Academy Charitable Trust | C/O Thayer Academy 745 Washington, Braintree, MA 02184 | MA | 2008-03 | $215,670 |
| 3 | The Leadership And Learning Foundation Inc | 100 Beacon Street, Boston, MA 02116-1567 | MA | 2005-11 | $210,167 |
| 4 | Bernardian Charitable Foundation | 24 Monument Sq, Leominster, MA 01453-5712 | MA | 2014-03 | $109,329 |
| 5 | Dover-Sherborn Gridiron Club Inc | PO BOX 1088, Sherborn, MA 01770 | MA | 2011-09 | $99,207 |
| 6 | Topsfield Educational Foundation For The Elementary Schools Inc, Steward School | 261 Perkins Row, Topsfield, MA 01983-1550 | MA | 1999-09 | $49,620 |
| 7 | Wellesley Parents Of Performing Students, Wellesley Pops | Po Box 812136, Wellesley, MA 02482 | MA | 2010-12 | $41,000 |
| 8 | Bedford Education Foundation Inc | 97 Mcmahon Road, Bedford, MA 01730 | MA | 2000-01 | $38,988 |
| 9 | Woodland Elementary School P T O | 80 Powder Mill Rd, Southwick, MA 01077-9257 | MA | 2004-09 | $26,111 |
| 10 | Masconomet Education Foundation | 19 Candlewood Dr, Topsfield, MA 01983-1903 | MA | 2011-11 | $20,615 |
| 11 | Manchester Essex Hornets Gridiron Club Inc | 6 Ledgewood Cir, Manchester, MA 01944-1261 | MA | 2010-02 | $15,057 |
| 12 | Southcoast Educational Improvement Foundation Inc | 227 Union Street, New Bedford, MA 02740-5960 | MA | 2003-11 | $7,000 |
| 13 | Swampscott Patrons Of Perfoming Students Inc | 12 Elwin St, Swampscott, MA 01907-1015 | MA | 2005-06 | $5,732 |
| 14 | Sawtell School Fund | P O Box 262, Groton, MA 01450 | MA | 2003-10 | $3,021 |
| 15 | Pi Eta Speakers Associates | 101 Federal St Ste 1900, Boston, MA 02110-1861 | MA | 2011-10 | $2,603 |
| 16 | Science Technology Education Partnership Foundation Inc | PO BOX 1516, Plymouth, MA 02362-1516 | MA | 2003-06 | $1,000 |
| 17 | Assabet Valley Education Foundation Inc, Assabet Valley Educational Foundation | 215 Fitchburg Street, Marlborough, MA 01752 | MA | 1998-10 | $0 |
| 18 | Big Blue Bargains | 207 R Forest Ave, Swampscott, MA 01907 | MA | 2014-03 | $0 |
| 19 | Carvier Foundation | 103 Braeside Rd, Falmouth, MA 02540-3002 | MA | 2005-10 | $0 |
| 20 | Case Soccer Association | 533 Wood St, Swansea, MA 02777-3516 | MA | 2005-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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