Five-Star Foundation Inc in Rockville, Maryland (MD)
Table of contents:
| Five-Star Foundation Inc | |
| Employer Identification Number (EIN) | 522346966 |
| Name of Organization | Five-Star Foundation Inc |
| In Care of Name | Stephen J Beck |
| Address | 101 West Jefferson Street, Rockville, MD 20850-4237 |
| Subsection | Charitable Organization |
| Ruling Date | 03/2002 |
| 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 | 12/2013 |
| Assets | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $1 |
| Amount of Income | $58,617 |
| Form 990 Revenue Amount | $46,367 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Basketball |
Non-representatives - add comments:
Amount of income in 2013: $58,617 (it was $86,136 in 2012)
| Five-Star Foundation Inc: | $58,617 |
| Other organizations performing similar types of work: | $64,577 |
Assets in 2013: $1 (it was $1,239 in 2012)
| This organization: | $1 |
| Other organizations performing similar types of work: | $12,347 |
Expenses in 2013: $48,904
| Five-Star Foundation Inc: | $48,904 |
| Other organizations performing similar types of work: | $60,846 |
Income to expenses ratio in 2013: 1.2
| Five-Star Foundation Inc: | 1.2 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 73.6%
| Five-Star Foundation Inc: | 73.6% |
| Other organizations performing similar types of work: | 0.5% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $58,931 | $85,978 | $46,367 |
| Contributions, gifts, grants, and similar amounts received | $50,656 | $85,887 | $34,116 |
| Program service revenue including government fees and contracts | $8,275 | $0 | $11,348 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $91 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $903 |
| Gross sales of inventory, less returns and allowances | $0 | $0 | $13,153 |
| Less: cost of goods sold | $0 | $0 | $12,250 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $59,086 | $84,440 | $48,904 |
| Total net assets | $-451 | $1,087 | $-1,450 |
| Excess/Deficit for the year | $-155 | $1,538 | $-2,537 |
| Net assets or fund balances at beginning of year | $-296 | $-451 | $1,087 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $1,087 | $-1,450 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $1 | $1,239 | $1 |
| Total liabilities | $451 | $152 | $1,450 |
| Net assets or fund balances | $-451 | $1,087 | $-1,450 |
| 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 | $254,872 |
| Subtotal | $325,788 |
| Gifts, grants, contributions, and membership fees received | $258,363 |
| 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 | $67,425 |
| 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 | $70,916 |
| 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 | $70,916 |
| Total support | $325,788 |
| Public support | $325,788 |
| 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 | Together Every1 Achieves More Inc | 2115 Gwynn Oak Ave, Baltimore, MD 21207-6004 | MD | 2010-07 | $731,995 |
| 2 | Dc Assault Inc | 7702 Muncy Rd, Landover, MD 20785-2756 | MD | 2013-03 | $220,462 |
| 3 | Maryland Basketball Academy Inc | 102 Jay Dr, Rockville, MD 20850-4709 | MD | 2012-08 | $149,709 |
| 4 | Upper Chesapeake Basketball Officials Assoc Inc | 1206 Queensway Ct, Bel Air, MD 21014-6828 | MD | 2012-07 | $118,625 |
| 5 | Basketball Coaches Without Boundaries Inc | 791 Cromwell Court, Frederick, MD 21701 | MD | 2014-08 | $49,443 |
| 6 | Frank Shircliffe Memorial Basketball League Inc | 542 Haddon Ave, Cumberland, MD 21502-3801 | MD | 2014-06 | $5,712 |
| 7 | Charles-St Marys Baseball League, Chasm | 28195 Ben Oaks Drive, Mechanicsville, MD 20659 | MD | 2010-04 | $4,203 |
| 8 | Evergreen Community Club | 2001 Haverford Circle, Crownsville, MD 21032 | MD | 2000-06 | $1,450 |
| 9 | Air Force Basketball Ole Skool | 2375 South Hampton Drive, Bryans Road, MD 20616 | MD | 2009-08 | $0 |
| 10 | At-Promise Youth Foundation | 503 S Curlew Rd, Salisbury, MD 21801 | MD | 2002-07 | $0 |
| 11 | Be More Inc | 2601 North Howard Street Suite 310, Baltimore, MD 21218 | MD | 2008-09 | $0 |
| 12 | Beechwood Club | 1230 Mansfield Rd, Oakland, MD 21550-2210 | MD | 2014-09 | $0 |
| 13 | Bethesda Magic Basketball Inc | 26 Hollyberry Ct, Rockville, MD 20852-4222 | MD | 2002-01 | $0 |
| 14 | Beyond The Rim Inc | 7017 Rudisill Ct Apt 2b, Baltimore, MD 21244-5437 | MD | 2004-04 | $0 |
| 15 | Boonsboro Area Boys Basketball League Inc, Babbl | 118 E Oak Ridge Dr Suite 1000, Hagerstown, MD 21740 | MD | 2011-10 | $0 |
| 16 | Bullets Organization | 2900 Kingsway Road, Fort Washington, MD 20744 | MD | 2006-06 | $0 |
| 17 | Byrds Eye View Tigers | 3301 Greenmeade Rd, Baltimore, MD 21244-1137 | MD | 2011-02 | $0 |
| 18 | Chesapeake Bay Breakers Basketball Association | 2127 Espey Court Suite 110, Crofton, MD 21114 | MD | 2003-04 | $0 |
| 19 | Chick Webb Parent Association | 3824 Sequoia Ave, Baltimore, MD 21215-5406 | MD | 2001-07 | $0 |
| 20 | Coach Rich Basketball Inc | 20309 Butterwick Way, Montgomery Village, MD 20886 | MD | 2010-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,799 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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