Derek Sheely Foundation Inc in Germantown, Maryland (MD)
Table of contents:
| Derek Sheely Foundation Inc | |
| Employer Identification Number (EIN) | 453553641 |
| Name of Organization | Derek Sheely Foundation Inc |
| In Care of Name | Kristen Sheely |
| Address | 14001 Falconcrest Rd, Germantown, MD 20874-2280 |
| Subsection | Educational Organization |
| Ruling Date | 10/2012 |
| 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 | 12/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $73,393 |
| Amount of Income | $37,047 |
| Form 990 Revenue Amount | $34,435 |
| National Taxonomy of Exempt Entities (NTEE) | Diseases, Disorders, Medical Disciplines: Brain Disorders |
Non-representatives - add comments:
Amount of income in 2014: $37,047 (it was $34,355 in 2013)
| This organization: | $37,047 |
| Other organizations performing similar types of work: | $59,326 |
Assets in 2014: $73,393 (it was $42,825 in 2013)
| Derek Sheely Foundation Inc: | $73,393 |
| Other organizations performing similar types of work: | $38,792 |
Expenses in 2013: $44,583
| Derek Sheely Foundation Inc: | $44,583 |
| Other organizations performing similar types of work: | $67,543 |
Income to expenses ratio in 2013: 0.8
| This organization: | 0.8 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2013: 82.4%
| Derek Sheely Foundation Inc: | 82.4% |
| Other organizations performing similar types of work: | 93.5% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $18,199 | $53,323 | $34,355 |
| Contributions, gifts, grants, and similar amounts received | $18,199 | $50,730 | $28,304 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $77 | $77 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $2,516 | $5,974 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $0 | $9,247 | $11,085 |
| Less: direct expenses from gaming and fundraising events | $0 | $6,731 | $5,111 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $1,163 | $17,306 | $44,583 |
| Total net assets | $17,036 | $53,053 | $42,825 |
| Excess/Deficit for the year | $17,036 | $36,017 | $-10,228 |
| Net assets or fund balances at beginning of year | $0 | $17,036 | $53,053 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $53,053 | $42,825 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $17,036 | $53,053 | $42,825 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $17,036 | $53,053 | $42,825 |
| 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 | $97,233 |
| Subtotal | $97,233 |
| Gifts, grants, contributions, and membership fees received | $97,233 |
| 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 | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $97,387 |
| Public support | $97,233 |
| Subtotal | $154 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $154 |
| 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 | Head Injury Foundation Inc | 300 Kennedy Dr, Hauppauge, NY 11788-4013 | NY | 2011-04 | $3,397,706 |
| 2 | Bluefield Project To Cure Frontotemporal Dementia | 1650 Owens St, San Francisco, CA 94158-2261 | CA | 2010-08 | $2,532,242 |
| 3 | Wyostep Inc | 5237 Danielle Ct, Cheyenne, WY 82009-5477 | WY | 2006-06 | $863,946 |
| 4 | Spastic Paraplegia Foundation Inc | PO BOX 1208, Fortson, GA 31808-1208 | GA | 2002-06 | $568,518 |
| 5 | Person-Centered Services Of Western New York Inc, Western New York Task Force On Prev | 425 Paul Rd, Rochester, NY 14624-4721 | NY | 2014-08 | $550,000 |
| 6 | Neurologix Foundation | 6301 Gaston Ave No 400 West, Dallas, TX 75214 | TX | 2002-07 | $500,000 |
| 7 | Greenville Neuromodulation Centerinc | 180 Main St, Greenville, PA 16125-2106 | PA | 2008-12 | $376,653 |
| 8 | Senior Outreach Services Inc | 116 W Fabra Ln, Boerne, TX 78006-7905 | TX | 2004-12 | $368,335 |
| 9 | World Brain Forum Foundation, Aspen Brain Forum | Po Box 8290, Aspen, CO 81612 | CO | 2009-09 | $282,016 |
| 10 | Rocky Mountain Hyperbaric Association For Brain Injuries Inc | 2300 Central Ave Ste B, Boulder, CO 80301 | CO | 2009-08 | $249,196 |
| 11 | Southeastern Brain Tumor Foundation Inc | PO BOX 422471, Atlanta, GA 30342-9471 | GA | 1995-05 | $237,841 |
| 12 | San Diego Brain Tumor Foundation | 852 5th Ave 2nd Floor, San Diego, CA 92101-6108 | CA | 2004-01 | $175,967 |
| 13 | Hope4jd | 9600 Escarpment Blvd Ste 745 24, Austin, TX 78749-1982 | TX | 2011-11 | $152,768 |
| 14 | Resurrecting Lives Foundation | 6724 Perimeter Loop Rd Pmb 317, Dublin, OH 43017 | OH | 2012-07 | $151,260 |
| 15 | Miles Corporation | 3959 Highway 468 W, Pearl, MS 39208-9001 | MS | 2006-09 | $122,762 |
| 16 | Renewed Hope Foundation Inc | 761 W 45th St, Casper, WY 82601-6012 | WY | 2007-01 | $121,567 |
| 17 | Floortime Foundation Inc, Raphael David | 4938 Hampden Ln Ste 229, Bethesda, MD 20814-2914 | MD | 2004-05 | $38,685 |
| 18 | Derek Sheely Foundation Inc | 14001 Falconcrest Rd, Germantown, MD 20874-2280 | MD | 2012-10 | $37,047 |
| 19 | Mid-Atlantic Brain Tumor Foundation Ltd | 1220 Leafy Hollow Cir, Mt Airy, MD 21771-2806 | MD | 2003-07 | $20,957 |
| 20 | Eminnea Inc | 7757 Blueberry Hill Lane, Ellicott City, MD 21043-7911 | MD | 2008-05 | $0 |
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