Minnesota Bed & Breakfast Association in Faribault, Minnesota (MN)
Table of contents:
| Minnesota Bed & Breakfast Association | |
| Employer Identification Number (EIN) | 200081439 |
| Name of Organization | Minnesota Bed & Breakfast Association |
| In Care of Name | Kimberley S Janke |
| Address | 305 2nd St Nw, Faribault, MN 55021-5112 |
| Subsection | Board of Trade |
| Ruling Date | 08/2013 |
| Deductibility | Contributions are not deductible |
| Foundation | All organizations except 501(c)(3) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| 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 | $55,697 |
| Amount of Income | $38,971 |
| Form 990 Revenue Amount | $38,971 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Community Foundations |
Non-representatives - add comments:
Amount of income in 2013: $38,971 (it was $49,717 in 2012)
| Minnesota Bed & Breakfast Association: | $38,971 |
| Other organizations performing similar types of work: | $123,400 |
Assets in 2013: $55,697 (it was $59,222 in 2012)
| This organization: | $55,697 |
| Other organizations performing similar types of work: | $188,019 |
Expenses in 2013: $69,876
| Minnesota Bed & Breakfast Association: | $69,876 |
| Other organizations performing similar types of work: | $82,376 |
Income to expenses ratio in 2013: 0.6
| Minnesota Bed & Breakfast Association: | 0.6 |
| Other organizations performing similar types of work: | 5.6 |
Grants share in income in 2013: 9.6%
| Minnesota Bed & Breakfast Association: | 9.6% |
| Other organizations performing similar types of work: | 20.2% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $49,717 | $38,971 |
| Contributions, gifts, grants, and similar amounts received | $4,040 | $3,753 |
| Program service revenue including government fees and contracts | $18,389 | $12,165 |
| Membership dues and assessments | $26,762 | $23,038 |
| Investment income | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $526 | $15 |
| Gross sales of inventory, less returns and allowances | $526 | $15 |
| Less: cost of goods sold | $0 | $0 |
| Other revenue | $0 | $0 |
| Total expenses | $46,568 | $69,876 |
| Total net assets | $45,090 | $14,185 |
| Excess/Deficit for the year | $3,149 | $-30,905 |
| Net assets or fund balances at beginning of year | $41,941 | $45,090 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $45,090 | $14,185 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $59,222 | $55,697 |
| Total liabilities | $14,132 | $41,512 |
| Net assets or fund balances | $45,090 | $14,185 |
| Other Information | ||
| 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 |
| 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 |
| Gross receipts for public use of club facilities | $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 | $223,273 |
| Subtotal | $223,273 |
| Gifts, grants, contributions, and membership fees received | $15,055 |
| 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 | $208,218 |
| 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 | $223,315 |
| Public support | $223,273 |
| Subtotal | $42 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $42 |
| 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 | The Taos Community Foundation Inc | PO BOX 1925, Taos, NM 87571-1925 | NM | 1998-12 | $4,057,729 |
| 2 | Virginia Community Foundation | PO BOX 559, Virginia, MN 55792-0559 | MN | 2000-12 | $993,633 |
| 3 | St Elizabeths Community Development Foundation Wabasha Mn Inc | 1200 Grant Blvd W, Wabasha, MN 55981-1042 | MN | 1984-07 | $457,903 |
| 4 | The Community Foundation For Carver County | Po Box 468, Chanhassen, MN 55317 | MN | 2008-01 | $206,622 |
| 5 | Walker Area Community Foundation | PO BOX 624, Walker, MN 56484-0624 | MN | 2003-06 | $166,600 |
| 6 | Hats And Mittens Association | 16061 Highwood Drive, Minnetonka, MN 55345 | MN | 1999-05 | $79,262 |
| 7 | Zumbrota Community Trust | PO BOX 226, Zumbrota, MN 55992-0226 | MN | 2004-12 | $76,710 |
| 8 | Minnesota Bed & Breakfast Association | 305 2nd St Nw, Faribault, MN 55021-5112 | MN | 2013-08 | $38,971 |
| 9 | Greater Nicollet Area Community Foundation | PO BOX 416, Nicollet, MN 56074-0416 | MN | 2013-03 | $38,697 |
| 10 | Stewartville Area Community Foundation Inc | 105 East First Street, Stewartville, MN 55976 | MN | 2000-08 | $32,872 |
| 11 | H-545 Foundation | PO BOX 463, Henning, MN 56551-0463 | MN | 2013-05 | $24,856 |
| 12 | Windom United Drive | PO BOX 222, Windom, MN 56101-0222 | MN | 2002-11 | $20,895 |
| 13 | Brooten Community Foundation | PO BOX 400, Brooten, MN 56316-0400 | MN | 2010-06 | $18,606 |
| 14 | Proctor Synergy Inc | 28 Fifth Street, Proctor, MN 55810 | MN | 2011-09 | $9,226 |
| 15 | Savage Rotary Foundation | PO BOX 245, Sav, MN 55378 | MN | 2009-03 | $4,398 |
| 16 | Aitkin Education Foundation | 306 Second St Nw, Aitkin, MN 56431 | MN | 2014-09 | $0 |
| 17 | Bens Buddies | 3030 Little Bay Road, Roseville, MN 55113 | MN | 2008-02 | $0 |
| 18 | Bread Of Life | 8200 Humboldt Ave S Ste 204, Bloomington, MN 55431 | MN | 2013-11 | $0 |
| 19 | Cardinal Club Of West Concord Mn Inc | PO BOX 333, West Concord, MN 55985 | MN | 2013-05 | $0 |
| 20 | Dc Caring Hands Incorporated | 7307 153rd Ave Ne Trlr 10, Spicer, MN 56288-9385 | MN | 2014-07 | $0 |
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| Total | 3,151 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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