Furnace Town Foundation Incorporated in Snow Hill, Maryland (MD)

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Furnace Town Foundation Incorporated
Employer Identification Number (EIN)521223314
Name of OrganizationFurnace Town Foundation Incorporated
AddressPO BOX 207, Snow Hill, MD 21863-0207
ActivitiesMuseum, zoo, planetarium, etc., Other cultural or historical activities
SubsectionEducational Organization
Ruling Date01/1982
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$142,459
Amount of Income$158,961
Form 990 Revenue Amount$109,159
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities:

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Amount of income in 2013: $158,961 (it was $164,051 in 2012)
This organization: 

Other organizations performing similar types of work: 


Assets in 2013: $142,459 (it was $151,145 in 2012)
This organization: 

Other organizations performing similar types of work: 


Expenses in 2013: $123,202
Furnace Town Foundation Incorporated: 

Other organizations performing similar types of work: 


Income to expenses ratio in 2013: 1.3
Furnace Town Foundation Incorporated: 

Other organizations performing similar types of work: 


Grants share in income in 2013: 54.1%
This organization: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue$98,287$127,010$109,159
Contributions, gifts, grants, and similar amounts received$55,906$77,846$59,008
Program service revenue including government fees and contracts$28,188$28,115$28,904
Membership dues and assessments$8,370$10,400$6,325
Investment income$10$16$5
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$1,659$-1,128$6,190
Gross income from gaming$0$0$0
Gross income from fundraising events$51,388$28,753$44,142
Less: direct expenses from gaming and fundraising events$49,729$29,881$37,952
Gross profit/loss from sales of inventory$4,154$11,761$8,727
Gross sales of inventory, less returns and allowances$18,215$18,921$20,577
Less: cost of goods sold$14,061$7,160$11,850
Other revenue$0$0$0
Total expenses$116,100$112,497$123,202
Total net assets$126,883$141,994$129,103
Excess/Deficit for the year$-17,813$14,513$-14,043
Net assets or fund balances at beginning of year$145,134$126,883$141,994
Other changes in net assets or fund balances$-438$598$1,152
Net assets or fund balances at end of year$141,994$129,103
Balance Sheets
Total assets$137,657$151,145$142,459
Total liabilities$10,774$9,151$13,356
Net assets or fund balances$126,883$141,994$129,103
Other Information
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
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$533,101
Subtotal Support$533,101
Gifts, grants, contributions, and membership fees received$533,101
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$533,202
Public Support$533,101
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$101
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$0
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Society For The Preservation Of Maryland Antiquities24 W Saratoga St, Baltimore, MD 21201-4227MD1949-04$2,550,350
2Captain Avery Museum Inc1418 Ew Shadyside Road, Shady Side, MD 20764MD1985-11$191,910
3Westminster Preservation Trust Incorporated500 W Baltimore St, Baltimore, MD 21201-1701MD1979-01$154,982
4Washington County Historical Society Inc135 W Washington St, Hagerstown, MD 21740-4709MD1990-01$137,063
5Somerset County Arts Council Inc26430 Burton Ave, Crisfield, MD 21817-1249MD1990-11$101,514
6Society Of The Cincinnati Of Maryland5603 Durbin Rd, Bethesda, MD 20814-1013MD1944-08$75,093
7Cecils Historic District Inc C/O John T Cecil Jr319 Main St 3rd Fl, Laurel, MD 20707-4129MD1995-11$17,700
8Town Of New Market Historical Preservation Society IncPO BOX 27, New Market, MD 21774-0027MD1996-07$3,237
921st Virginia Inc13508 Walnutwood Ln, Germantown, MD 20874-1027MD1992-01$0
102nd Us Infantry604 Friar Tuck Dr, Bel Air, MD 21014-2218MD1996-05$0
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12C & O Canal Days IncPO BOX 165, Williamsport, MD 21795-0165MD1995-03$0
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14Heritage Farm Preservation Society IncPO BOX 295, Walkersville, MD 21793-0295MD1995-04$0
15Masonic Leadership Center3700 Marble Arch Way, Silver Springs, MD 20906-1419MD1997-06$0
16Maugansville Historical Society IncPo Box 307, Maugansville, MD 21767MD1995-07$0
17New Windsor Heritage Committee207 Main Street Po Box 28, New Windsor, MD 21776MD1997-03$0
18Prince Georges County Historical Society IncPo Box 14, Riverdale, MD 20738-0014MD1967-07$0
19Queponco Railway Station IncPo Box 72, Salisbury, MD 21803MD1992-03$0
20Society Of Colonial Wars In The State Of Maryland710 Regester Avenue, Baltimore, MD 21212MD1945-03$0
Number of organizations performing similar types of work
District of Columbia14
North Carolina48
North Dakota6
New Hampshire13
New Jersey52
New Mexico5
New York145
Rhode Island18
South Carolina13
South Dakota6
West Virginia16

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