Wellsboro Foundation Inc in Wellsboro, Pennsylvania (PA)
Table of contents:
| Wellsboro Foundation Inc | |
| Employer Identification Number (EIN) | 251628980 |
| Name of Organization | Wellsboro Foundation Inc |
| Address | 114 Main Street, Wellsboro, PA 16901-1441 |
| Activities | Commemorative event (centennial, festival, pageant, etc.) |
| Subsection | Charitable Organization |
| Ruling Date | 07/1990 |
| 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 | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $47,606 |
| Amount of Income | $127,678 |
| Form 990 Revenue Amount | $13,712 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Commemorative Events |
Non-representatives - add comments:
Amount of income in 2013: $127,678 (it was $119,887 in 2012)
| This organization: | $127,678 |
| Other organizations performing similar types of work: | $57,922 |
Assets in 2013: $47,606 (it was $41,672 in 2012)
| Wellsboro Foundation Inc: | $47,606 |
| Other organizations performing similar types of work: | $47,606 |
Expenses in 2013: $7,778
| This organization: | $7,778 |
| Other organizations performing similar types of work: | $43,326 |
Income to expenses ratio in 2013: 16.4
| This organization: | 16.4 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2013: 269.4%
| This organization: | 269.4% |
| Other organizations performing similar types of work: | 60.6% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $8,779 | $3,684 | $13,712 |
| Contributions, gifts, grants, and similar amounts received | $19,538 | $25,384 | $36,945 |
| 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 | $0 |
| Net income/loss from gaming and fundraising events | $-10,813 | $-21,756 | $-23,294 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $73,458 | $94,447 | $90,672 |
| Less: direct expenses from gaming and fundraising events | $84,271 | $116,203 | $113,966 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $54 | $56 | $61 |
| Total expenses | $7,474 | $6,704 | $7,778 |
| Total net assets | $44,692 | $41,672 | $47,606 |
| Excess/Deficit for the year | $1,305 | $-3,020 | $5,934 |
| Net assets or fund balances at beginning of year | $43,387 | $44,692 | $41,672 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $41,672 | $47,606 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $44,692 | $41,672 | $47,606 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $44,692 | $41,672 | $47,606 |
| Other Information | |||
| 2011 | 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 | 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 | $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? | 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 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 | $130,285 |
| Subtotal Support | $130,285 |
| Gifts, grants, contributions, and membership fees received | $130,285 |
| 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 | $0 |
| Total Support | $130,615 |
| Public Support | $130,285 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $330 |
| 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. | $404,421 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Welcome America Inc | 1515 Arch St 12th Floor, Philadelphia, PA 19102-1501 | PA | 1993-05 | $2,131,054 |
| 2 | Wellsboro Foundation Inc | 114 Main Street, Wellsboro, PA 16901-1441 | PA | 1990-07 | $127,678 |
| 3 | Saginaw Area Fireworks Incorporated | 1917 Kollen St, Saginaw, MI 48602-2730 | MI | 1989-08 | $92,041 |
| 4 | Tumbleweed Festival Inc | PO BOX 296, Garden City, KS 67846-0296 | KS | 1992-06 | $88,899 |
| 5 | Summit July Fourth & Celebration Committee Inc | 512 Springfield Ave, Summit, NJ 07901-2667 | NJ | 1998-06 | $62,795 |
| 6 | Fredericksburg Heritage Festival Inc | 706 Caroline Street, Fredericksburg, VA 22401-5904 | VA | 1995-05 | $38,188 |
| 7 | Spirit Of America Festival Inc | Po Box 1776, Decatur, AL 35602 | AL | 1975-12 | $36,220 |
| 8 | Wakefield Independence Day Committee Inc | PO BOX 1746, Wakefield, MA 01880-5746 | MA | 1997-04 | $29,679 |
| 9 | Dr Martin Luther King Jr Task Force Inc | Po Box 3189, Southfield, MI 48037 | MI | 1993-02 | $24,485 |
| 10 | Kanesville Inc | 17910 Vista Ln, Council Blfs, IA 51503-4238 | IA | 1994-11 | $16,886 |
| 11 | To The Water Ltd | 101 Trapelo Rd, Lincoln, MA 01773-2811 | MA | 1993-09 | $13,089 |
| 12 | Martin Luther King Jr Foundation Of Alaska Inc | P O Box 200156, Anchorage, AK 99501 | AK | 1995-02 | $10,300 |
| 13 | Columbus Quincentennial Foundation Inc, Guy A Sileo | 318 Vernon Woods, Glen Mills, PA 19342-3314 | PA | 1992-11 | $4 |
| 14 | 18th Virginia Infantry Company B- Danville Grays | PO BOX 1455, Halifax, VA 24558-1455 | VA | 1994-05 | $0 |
| 15 | 51st Ohio Volunteer Infantry Co B Inc | PO BOX 642, Beach City, OH 44608-0642 | OH | 1996-01 | $0 |
| 16 | 78th Fraser Highlanders Inc | 587 White Pine Drive, Dahlonega, GA 30533 | GA | 1995-06 | $0 |
| 17 | A Peace Of The Past Foundation Inc | 1804 Watling Dr, Marrero, LA 70072-4448 | LA | 1997-11 | $0 |
| 18 | Columbus 92 | 2650 Westview Dr, Wyomissing, PA 19610-1187 | PA | 1991-06 | $0 |
| 19 | Perkasie Anniversary And Historical Society | 513 W Walnut St, Perkasie, PA 18944 | PA | 1995-03 | $0 |
| 20 | Summer Music Festival Inc | 224 Prospect Street, Dunmore, PA 18512 | PA | 1997-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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