Reading Education Foundation Inc in Reading, Massachusetts (MA)
Table of contents:
| Reading Education Foundation Inc | |
| Employer Identification Number (EIN) | 043655838 |
| Name of Organization | Reading Education Foundation Inc |
| In Care of Name | Debra Boschetti |
| Address | PO BOX 265, Reading, MA 01867-0465 |
| Subsection | Charitable Organization |
| Ruling Date | 08/2002 |
| 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 | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $28,909 |
| Amount of Income | $59,722 |
| Form 990 Revenue Amount | $44,865 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Educational Services and Schools - Other |
Non-representatives - add comments:
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $43,320 | $50,853 | $44,865 |
| Contributions, gifts, grants, and similar amounts received | $32,941 | $41,657 | $4,957 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $5 | $0 | $12 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $10,374 | $9,196 | $39,896 |
| Gross income from gaming | $11,691 | $11,510 | $0 |
| Gross income from fundraising events | $0 | $0 | $54,753 |
| Less: direct expenses from gaming and fundraising events | $1,317 | $2,314 | $14,857 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $31,026 | $47,724 | $46,602 |
| Total net assets | $27,517 | $30,646 | $28,909 |
| Excess/Deficit for the year | $12,294 | $3,129 | $-1,737 |
| Net assets or fund balances at beginning of year | $15,223 | $27,517 | $30,646 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $30,646 | $28,909 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $27,517 | $30,646 | $28,909 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $27,517 | $30,646 | $28,909 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| 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 2014) | |
| 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 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $200,743 |
| Subtotal | $200,743 |
| Gifts, grants, contributions, and membership fees received | $81,586 |
| 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 | $119,157 |
| 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 | $200,743 |
| Public support | $200,743 |
| 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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| Other organizations in Massachusetts | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Reading Memorial High School Athletic Hall Of Fame Inc | 62 Oakland Road, Reading, MA 01867 | MA | 1997-05 | $10,401 |
| 2 | Reading Memorial High School Band Parents Organization | PO BOX 251, Reading, MA 01867-0451 | MA | 1987-02 | $106,884 |
| 3 | Reading Middle School Hockey League Inc | 5 Hartshorn Street, Reading, MA 01867 | MA | 2010-01 | $0 |
| 4 | Reading Montessori School | 453 West St, Reading, MA 01867-2238 | MA | 1993-06 | $493,869 |
| 5 | Reading Patrolmens Association | 15 Union St, Reading, MA 01867-2664 | MA | 1995-09 | $19,564 |
| 6 | Reading Police Superior Offices Association Inc | 15 Union Street, Reading, MA 01867 | MA | 1973-05 | $32,108 |
| 7 | Reading Public Library Foundation Inc | PO BOX 96, Reading, MA 01867-0196 | MA | 1997-03 | $169,848 |
| 8 | Reading Residential Programs Inc | 26 Princess Street, Wakefield, MA 01880-3055 | MA | 1995-08 | $115,024 |
| 9 | Reading Scholarship Foundation Inc, Reading Scholarship Fnd Inc | PO BOX 492, Reading, MA 01867-0792 | MA | 1975-03 | $318,768 |
| 10 | Reading Symphony Orchestra Inc | PO BOX 165, Reading, MA 01867-0265 | MA | 1976-11 | $22,528 |
| 11 | Reading Education Foundation Inc | PO BOX 265, Reading, MA 01867-0465 | MA | 2002-08 | $59,722 |
| 12 | Reading United Soccer Club Inc | 8 Walnut St, Reading, MA 01867-3946 | MA | 2010-02 | $140,393 |
| 13 | Reading Youth Hockey Association Inc | PO BOX 459, Reading, MA 01867-0859 | MA | 1972-12 | $460,286 |
| 14 | Reagle Players | 617 Lexington St, Waltham, MA 02452-3003 | MA | 1977-06 | $1,429,171 |
| 15 | Real Benefits Inc | 30 Winter St 10th Fl, Boston, MA 02108-4720 | MA | 2006-07 | $1,112,857 |
| 16 | Real Colegio Complutense Inc | 26 Trowbridge St, Cambridge, MA 02138-5367 | MA | 1993-07 | $1,473,360 |
| 17 | Real Estate Bar Assoc Foundation Inc | 50 Congress St Ste 600, Boston, MA 02109-4075 | MA | 1997-12 | $221,729 |
| 18 | Real Experience Incorporated | 20 Crown Road, Westford, MA 01886 | MA | 2005-11 | $0 |
| 19 | Realtor Association Of Pioneer Valley Charitable Education Fund, Gsar | 221 Industry Ave, Springfield, MA 01104-3246 | MA | 1992-02 | $46,702 |
| 20 | Realtor Association Of Pioneer Valley Inc | 221 Industry Ave, Springfield, MA 01104-3246 | MA | 1974-10 | $664,936 |
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