Foundation For Frostburg Inc in Frostburg, Maryland (MD)
Table of contents:
| Foundation For Frostburg Inc | |
| Employer Identification Number (EIN) | 521915632 |
| Name of Organization | Foundation For Frostburg Inc |
| In Care of Name | Jeffrey S Getty |
| Address | PO BOX 765, Frostburg, MD 21532-0765 |
| Activities | Community recreational facilities (park, playground, etc) |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 09/1995 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $348,447 |
| Amount of Income | $96,640 |
| Form 990 Revenue Amount | $95,893 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Parks and Playgrounds |
Non-representatives - add comments:
Amount of income in 2013: $96,640 (it was $43,768 in 2012)
| Foundation For Frostburg Inc: | $96,640 |
| Other organizations performing similar types of work: | $147,847 |
Assets in 2013: $348,447 (it was $300,156 in 2012)
| This organization: | $348,447 |
| Other organizations performing similar types of work: | $304,453 |
Expenses in 2013: $51,326
| Foundation For Frostburg Inc: | $51,326 |
| Other organizations performing similar types of work: | $111,342 |
Income to expenses ratio in 2013: 1.9
| This organization: | 1.9 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2013: 94.6%
| Foundation For Frostburg Inc: | 94.6% |
| Other organizations performing similar types of work: | 45.2% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $27,711 | $42,527 | $95,893 |
| Contributions, gifts, grants, and similar amounts received | $25,461 | $31,930 | $90,678 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $1,552 | $6,266 | $5,134 |
| Gain/Loss from sale of assets other than inventory | $-119 | $0 | $81 |
| Gross amount from sale of assets other than inventory | $1,000 | $0 | $828 |
| Less: cost or other basis and sales expenses | $1,119 | $0 | $747 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $139 | $0 |
| Other revenue | $817 | $4,192 | $0 |
| Total expenses | $30,199 | $27,192 | $51,326 |
| Total net assets | $283,007 | $300,156 | $348,447 |
| Excess/Deficit for the year | $-2,488 | $15,335 | $44,567 |
| Net assets or fund balances at beginning of year | $284,557 | $283,007 | $300,156 |
| Other changes in net assets or fund balances | $938 | $1,814 | $3,724 |
| Net assets or fund balances at end of year | $300,156 | $348,447 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $283,007 | $300,156 | $348,447 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $283,007 | $300,156 | $348,447 |
| 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: | A community trust described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $181,284 |
| Subtotal Support | $181,284 |
| Gifts, grants, contributions, and membership fees received | $181,284 |
| 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 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $205,745 |
| Public Support | $181,284 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $24,380 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $81 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Western National Parks Association | 12880 N Vistoso Village Dr, Oro Valley, AZ 85755-8797 | AZ | 1942-02 | $10,247,705 |
| 2 | Parks & People Foundation Inc | 800 Wyman Park Dr Ste 10, Baltimore, MD 21211-2821 | MD | 1984-08 | $10,232,153 |
| 3 | Southeast Association For Special Parks And Recreation | 4500 Belmont Rd, Downers Grove, IL 60515-2500 | IL | 1994-08 | $2,425,919 |
| 4 | Spark | PO BOX 1562, Houston, TX 77251-1562 | TX | 1991-12 | $868,146 |
| 5 | The National Road Heritage Corridor | 65 West Main Street, Uniontown, PA 15401-3325 | PA | 1993-12 | $770,125 |
| 6 | Willard Library Foundation Inc | 21 First Ave, Evansville, IN 47710-1212 | IN | 1986-09 | $766,662 |
| 7 | Sugar House Park Authority Inc | 3383 S 300 E, Salt Lake Cty, UT 84115-4521 | UT | 1958-12 | $675,658 |
| 8 | Rotary Playland Inc | 890 W Belmont Ave, Fresno, CA 93728-2807 | CA | 1956-06 | $481,582 |
| 9 | Cockeysville Recreation And Parks Council | 10401 Greenside Dr, Cockeysville, MD 21030-3327 | MD | 1992-04 | $467,958 |
| 10 | Salems Riverfront Carousel Inc | 101 Front St Ne, Salem, OR 97301-3473 | OR | 1998-04 | $455,317 |
| 11 | Seguin-Guadalupe County Senior Citizens Center | 510 E Court St, Seguin, TX 78155-5712 | TX | 1994-04 | $385,046 |
| 12 | Trustees Of Roseland Park, Woodstock Golf Course | PO BOX 155, S Woodstock, CT 06267-0155 | CT | 1991-04 | $346,389 |
| 13 | Friends Of Central Pool Inc | PO BOX 10, Noblesville, IN 46061-0010 | IN | 1997-03 | $334,844 |
| 14 | Arbutus Recreation And Parks Council | 5525 Shelbourne Rd, Halethorpe, MD 21227-2736 | MD | 1998-10 | $328,775 |
| 15 | Shades Mountain Community Park Inc | PO BOX 26043, Hoover, AL 35226 | AL | 1966-04 | $241,165 |
| 16 | Washington-On-The-Brazos Park Association Inc | PO BOX 1, Washington, TX 77880-0001 | TX | 1957-05 | $214,885 |
| 17 | Back River Neck Recreation And Parks Council | 801 Back River Neck Rd, Baltimore, MD 21221-1921 | MD | 1988-01 | $109,510 |
| 18 | Foundation For Frostburg Inc | PO BOX 765, Frostburg, MD 21532-0765 | MD | 1995-09 | $96,640 |
| 19 | Friends Of Baker Park | Po Box 4146, Frederick, MD 21705-4840 | MD | 1993-05 | $0 |
| 20 | Panthers Playground Foundation Inc | 1245 Plum Point Rd, Huntingtown, MD 20639-9248 | MD | 1996-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 253 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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