Lake Crystals G R A C E in Lake Crystal, Minnesota (MN)

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Lake Crystals G R A C E
Employer Identification Number (EIN)411816341
Name of OrganizationLake Crystals G R A C E
In Care of NameHelen C Jones
AddressPO BOX 476, Lake Crystal, MN 56055-0476
ActivitiesDescribed in section 170(b)1)(a)(vi) of the Code, Thrift ship, retail outlet, etc.
SubsectionCharitable Organization
Ruling Date08/1996
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
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000 to $24,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$15,691
Amount of Income$56,351
Form 990 Revenue Amount$56,351
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Thrift Shops


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Amount of income in 2013: $56,351 (it was $62,782 in 2012)
This organization: 

 $56,351
Other organizations performing similar types of work: 

 $128,815

Assets in 2013: $15,691 (it was $16,289 in 2012)
Lake Crystals G R A C E: 

 $15,691
Other organizations performing similar types of work: 

 $51,025

Expenses in 2013: $56,949
Lake Crystals G R A C E: 

 $56,949
Other organizations performing similar types of work: 

 $115,376

Income to expenses ratio in 2013: 1.0
Lake Crystals G R A C E: 

 1.0
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 2.9%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$56,985$62,782$56,351
Contributions, gifts, grants, and similar amounts received$0$162$0
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$6,495$6,495$6,159
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$50,490$56,125$50,192
Gross sales of inventory, less returns and allowances$50,490$56,125$50,192
Less: cost of goods sold$0$0$0
Other revenue$0$0$0
Total expenses$54,737$60,417$56,949
Total net assets$13,924$16,289$15,691
Excess/Deficit for the year$2,248$2,365$-598
Net assets or fund balances at beginning of year$11,676$13,924$16,289
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$16,289$15,691
Balance Sheets
201120122013
Total assets$13,924$16,289$15,691
Total liabilities$0$0$0
Net assets or fund balances$13,924$16,289$15,691
Other Information
201120122013
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: (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 supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$192,851
Subtotal$192,851
Gifts, grants, contributions, and membership fees received$162
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$192,689
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$206,081
Public support$192,851
Subtotal$13,230
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$13,230
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
IdNameAddressStateEstablishedTotal Income
1Community Aid Inc4833 Carlisle Pike, Mechanicsburg, PA 17050-3027PA2009-11$8,581,421
2Housing Works Used Book Cafe Inc57 Willoughby Street, Brooklyn, NY 11201-5257NY2010-06$5,744,037
3Boys & Girls Club Thrift Store Of Detroit LakesPO BOX 83, Detroit Lakes, MN 56502-0083MN2012-03$1,744,361
4New 2 You Family Thrift Inc1838 Commerce Dr, North Mankato, MN 56003-1800MN2011-05$202,819
5Worldwide Missions Thrift CentersPO BOX 390263, Edina, MN 55439-0263MN2001-11$161,007
6Re-Use-It Thrift Shop900 East Main, Perham, MN 56573MN2012-03$118,692
7Save & Share Thrift ShopPo Box 531, Cokato, MN 55321MN2008-04$82,834
8Rock Bottom Thrift Store Corporation7807 Creekridge Cir, Minneapolis, MN 55439-2609MN2003-08$81,398
9Lake Crystals G R A C EPO BOX 476, Lake Crystal, MN 56055-0476MN1996-08$56,351
10Dodge County Used-A-Bit-Shop IncPo Box 116, Dodge Center, MN 55927MN2005-12$0
11Frazee Community Thrift Store604 East Main Ave, Frazee, MN 56544MN2010-03$0
12Heart And Hands Ministries Inc12587 65th Ave Sw, Motley, MN 56466-2016MN2010-07$0
13Helping Hand Thrift Store Of Gaylord511 N Broadway St, New Ulm, MN 56073MN2001-08$0
14Mcgregor Area Clothing Closet7 Maddy Street, Mcgregor, MN 55760MN2009-07$0
15Missionary Manna IncorporatedPO BOX 27, Tenstrike, MN 56683-0027MN2007-08$0
16Neighbor To Neighbor Thrift Store507 7th Ave, Two Harbors, MN 55616-1451MN2008-05$0
17New Horizon Thrift Store215 Main St S, Pine City, MN 55063-1546MN2014-08$0
18Oddz & Endz219 11th Ave W Apt 122, Grand Marais, MN 55604-3208MN2014-11$0
19St Joseph Action GroupPo 135, Stjoseph, MN 56374MN2015-01$0
20T L C ClosetPo Box 322, Floodwood, MN 55736MN2010-07$0
Number of organizations performing similar types of work
Alaska2
Alabama22
Arkansas5
Arizona21
California80
Colorado19
Connecticut5
District of Columbia1
Delaware3
Florida50
Georgia43
Hawaii2
Iowa13
Idaho10
Illinois42
Indiana18
Kansas19
Kentucky13
Louisiana9
Massachusetts13
Maryland11
Maine9
Michigan43
Minnesota18
Missouri32
Mississippi5
Montana3
North Carolina45
North Dakota2
Nebraska7
New Hampshire5
New Jersey14
New Mexico8
Nevada10
New York29
Ohio29
Oklahoma19
Oregon8
Pennsylvania37
Rhode Island1
South Carolina17
South Dakota8
Tennessee24
Texas51
Utah5
Virginia34
Vermont7
Washington23
Wisconsin36
West Virginia3
Wyoming4
International1
Total938

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