Runnels Foundation in Flowood, Mississippi (MS)
| Runnels Foundation |
| Employer Identification Number (EIN) | 273190897 |
| Name of Organization | Runnels Foundation |
| In Care of Name | Scott Runnels |
| Address | 1055 River Oaks Dr, Flowood, MS 39232-9595 |
| Subsection | Charitable Organization |
| Ruling Date | 01/2011 |
| 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 | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $6,242 |
| Amount of Income | $7,500 |
| Form 990 Revenue Amount | $4,555 |
| National Taxonomy of Exempt Entities (NTEE) | Diseases, Disorders, Medical Disciplines: |
Amount of income in 2013: $7,500 (it was $156,113 in 2012)
| This organization: | $7,500 |
| Other organizations performing similar types of work: | $7,500 |
Assets in 2013: $6,242 (it was $6,719 in 2012)
| Runnels Foundation: | $6,242 |
| Other organizations performing similar types of work: | $6,242 |
Expenses in 2013: $5,032
| Runnels Foundation: | $5,032 |
| Other organizations performing similar types of work: | $5,032 |
Income to expenses ratio in 2013: 1.5
| Runnels Foundation: | 1.5 |
| Other organizations performing similar types of work: | 1.5 |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances |
| 2011 | 2012 | 2013 |
|---|
| Total revenue | $83,445 | $156,113 | $4,555 |
| Contributions, gifts, grants, and similar amounts received | $83,445 | $156,113 | $0 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $4,555 |
| Gross amount from sale of assets other than inventory | $0 | $0 | $7,500 |
| Less: cost or other basis and sales expenses | $0 | $0 | $2,945 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $94,224 | $153,482 | $5,032 |
| Total net assets | $4,088 | $6,719 | $6,242 |
| Excess/Deficit for the year | $-10,779 | $2,631 | $-477 |
| Net assets or fund balances at beginning of year | $14,867 | $4,088 | $6,719 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | | $6,719 | $6,242 |
| Balance Sheets |
| 2011 | 2012 | 2013 |
|---|
| Total assets | $4,088 | $6,719 | $6,242 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $4,088 | $6,719 | $6,242 |
| 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 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 | $76,693 |
| Subtotal Support | $289,558 |
| Gifts, grants, contributions, and membership fees received | $289,558 |
| 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 | $212,865 |
| Total Support | $289,558 |
| Public Support | $289,558 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 |
| Id | Name | Address | State | Established | Total Income |
|---|
| 1 | Runnels Foundation | 1055 River Oaks Dr, Flowood, MS 39232-9595 | MS | 2011-01 | $7,500 |
| 2 | Inspiration Award Usa | 1901 Ave Of The Stars 2nd Flr, Los Angeles, CA 90067-6001 | CA | 2012-10 | $0 |
| 3 | Moonshine Mesa Road Association Inc | Po Box 44, Creede, CO 81130 | CO | 2003-05 | $0 |
| Number of organizations performing similar types of work |
| |
| Total | 3 |
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