Corinthians Endowment Fund in Marysville, Pennsylvania (PA)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Corinthians Endowment Fund | |
| Employer Identification Number (EIN) | 061321543 |
| Name of Organization | Corinthians Endowment Fund |
| Address | 1565 New Valley Rd, Marysville, PA 17053-9417 |
| Activities | Training in sports |
| Subsection | Charitable Organization |
| Ruling Date | 06/1992 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $109,268 |
| Amount of Income | $13,098 |
| Form 990 Revenue Amount | $4,700 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Sports Training Facilities, Agencies |
Non-representatives - add comments:
Amount of income in 2013: $13,098 (it was $12,134 in 2012)
| This organization: | $13,098 |
| Other organizations performing similar types of work: | $125,239 |
Assets in 2013: $109,268 (it was $96,651 in 2012)
| This organization: | $109,268 |
| Other organizations performing similar types of work: | $60,358 |
Expenses in 2012: $8,210
| Corinthians Endowment Fund: | $8,210 |
| Other organizations performing similar types of work: | $104,584 |
Income to expenses ratio in 2012: 1.6
| This organization: | 1.6 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 86.0%
| This organization: | 86.0% |
| Other organizations performing similar types of work: | 2.0% |
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $12,134 | $1,699 | $0 | |
| Contributions, gifts, grants, etc., received | $10,435 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $1,037 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $662 | |||
| Total expenses and disbursements | $8,210 | $1,530 | $0 | $6,536 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $3,210 | $1,530 | $1,536 | |
| Contributions, gifts, grants paid | $5,000 | |||
| Excess of revenue over expenses and disbursements | $3,924 | |||
| Net investment income | $169 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $96,651 | $96,651 |
| Cash - non-interest-bearing | $1,913 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $58,169 | |
| Investments-corporate bonds | $35,874 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $695 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $96,651 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $662 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $3 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $3 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $94,530 |
| Net value of noncharitable-use assets | $93,120 |
| Minimum investment return | $4,656 |
| Distributable Amount (for 2012) | |
| Distributable amount | $4,653 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $4,653 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Local Animal Charities Of America | 1100 Larkspur Landing Circle, Larkspur, CA 94939-1827 | CA | 1995-02 | $860,863 |
| 2 | Valley Athletic Association | PO BOX 240462, Apple Valley, MN 55124-0462 | MN | 1969-07 | $811,868 |
| 3 | Wellesley United Soccer Club Inc | 17 Larch Rd, Wellesley, MA 02482-4514 | MA | 1990-08 | $780,892 |
| 4 | Southern Platte County Athletic Association | 8341 Northwest Mace Road, Kansas City, MO 64152-4618 | MO | 1986-01 | $714,914 |
| 5 | Zina Garrison All Court Tennis Academy | 12335 Kingsride 106, Houston, TX 77024-4116 | TX | 1993-12 | $559,444 |
| 6 | Gymnastrum Parents Association Inc | PO BOX 90304, Allentown, PA 18109-0304 | PA | 1998-03 | $474,819 |
| 7 | Tri-City Eagles Hockey Association Of The Capital Hockey League Inc | 13800 Old Gunpowder Rd, Laurel, MD 20707-3116 | MD | 1996-06 | $297,882 |
| 8 | The Prince William Swim Club Inc | 12513 Manchester Way, Woodbridge, VA 22192-6311 | VA | 1995-08 | $267,359 |
| 9 | The Lyn St James Foundation Inc | 6308 N 30th Pl, Phoenix, AZ 85016-2242 | AZ | 1994-09 | $230,683 |
| 10 | Wheelchair And Ambulatory Sports Usa Inc | 1135 Harding Pl, Charlotte, NC 28204-2824 | NC | 1978-12 | $223,428 |
| 11 | Lehigh Township Athletic Associaton | PO BOX 534, Treichlers, PA 18086-0534 | PA | 1975-01 | $177,756 |
| 12 | Emmaus Youth Association Inc | PO BOX 646, Emmaus, PA 18049-0646 | PA | 1989-04 | $85,856 |
| 13 | Delaware Valley Orienteering Association | 14 Lake Dr, Spring City, PA 19475-2721 | PA | 1997-09 | $66,384 |
| 14 | Astronauts National Gymnastics Training Center | 1927 Bundy St, Scranton, PA 18508-1705 | PA | 1991-03 | $56,178 |
| 15 | Corinthians Endowment Fund | 1565 New Valley Rd, Marysville, PA 17053-9417 | PA | 1992-06 | $13,098 |
| 16 | Unicorn Us Limited | PO BOX 680, Oaks, PA 19456-0680 | PA | 1997-02 | $1 |
| 17 | Dashers Inc | 84 E Dartmouth Rd, Bala Cynwyd, PA 19004 | PA | 1996-03 | $0 |
| 18 | Mshindi Pan African Cultural Arts | Po Box 12424, Philadelphia, PA 19151 | PA | 1997-11 | $0 |
| 19 | Penn Manor Recreation Inc | PO BOX 142, Millersville, PA 17551 | PA | 1995-10 | $0 |
| 20 | Tunkhannock Soccer Association Inc | 9 Joan Dr, Tunkhannock, PA 18657 | PA | 1990-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 160 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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