Hip-Hop Summit Youth Council Inc in Jamaica, New York (NY)

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Hip-Hop Summit Youth Council Inc
Employer Identification Number (EIN)050542858
Name of OrganizationHip-Hop Summit Youth Council Inc
In Care of NameRandolph Fisher
Address14546 226th St, Jamaica, NY 11413-3534
SubsectionEducational Organization
Ruling Date11/2006
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1 to $9,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$4,827
Amount of Income$41,834
Form 990 Revenue Amount$41,834
National Taxonomy of Exempt Entities (NTEE)Youth Development: Youth Development Programs, Other

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Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue$62,170$49,775$64,250$41,834
Contributions, gifts, grants, and similar amounts received$62,170$49,775$64,250$41,834
Program service revenue including government fees and contracts$0$0$0$0
Membership dues and assessments$0$0$0$0
Investment income$0$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0$0
Net income/loss from gaming and fundraising events$0$0$0$0
Gross profit/loss from sales of inventory$0$0$0$0
Other revenue$0$0$0$0
Total expenses$58,456$52,302$60,546$39,007
Total net assets$0$0$2,000$4,827
Excess/Deficit for the year$3,714$-2,527$3,704$2,827
Net assets or fund balances at beginning of year$-3,714$2,527$-1,704$2,000
Other changes in net assets or fund balances$0$0$0$0
Net assets or fund balances at end of year$5,408$4,827
Balance Sheets
Total assets$1$1$2,000$4,827
Total liabilities$0$0$0$0
Net assets or fund balances$0$0$2,000$4,827
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 activitiesNoNoNoNo
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$0
Gross receipts for public use of club facilities$0$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
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