Commonsense Incorporated in Memphis, Tennessee (TN)
Table of contents:
| Commonsense Incorporated | |
| Employer Identification Number (EIN) | 621438067 |
| Name of Organization | Commonsense Incorporated |
| Address | 5635 Sycamore Grove Ln, Memphis, TN 38120-2269 |
| Activities | Ecology or conservation, Preservation of natural resources (conservation), Combating or preventing pollution (air, water, etc) |
| Subsection | Educational Organization |
| Ruling Date | 06/1994 |
| 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 | $8,791 |
| Amount of Income | $1,290 |
| Form 990 Revenue Amount | $1,290 |
Non-representatives - add comments:
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $265 | $786 | $1,290 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $750 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $265 | $786 | $540 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| 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 | $150 | $0 | $816 |
| Total net assets | $7,465 | $8,251 | $8,791 |
| Excess/Deficit for the year | $115 | $786 | $474 |
| Net assets or fund balances at beginning of year | $5,929 | $7,465 | $8,317 |
| Other changes in net assets or fund balances | $1,421 | $0 | $0 |
| Net assets or fund balances at end of year | $8,251 | $8,791 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $7,465 | $8,251 | $8,791 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $7,465 | $8,251 | $8,791 |
| 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: (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 | $816 |
| Subtotal | $816 |
| Gifts, grants, contributions, and membership fees received | $816 |
| 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 | $0 |
| 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 | $2,407 |
| Public support | $816 |
| Subtotal | $1,591 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,591 |
| 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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| 5 | Clyde Rooker Senior Village Inc | 209d Buffalo Valley Dr, Shelbyville, TN 37160-3176 | TN | 2006-07 | $90,168 |
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| 7 | Collage Dance Collective Inc | 2497 Broad Ave, Memphis, TN 38112-2611 | TN | 2008-09 | $490,065 |
| 8 | Collegiate School Of Memphis, 6410 Poplar Avenue | 3353 Faxon Ave, Memphis, TN 38122-3147 | TN | 2008-03 | $3,443,564 |
| 9 | Come And Reason Ministries | PO BOX 1344, Collegedale, TN 37315-1344 | TN | 2010-09 | $299,777 |
| 10 | Commanderie De Bordeaux Inc | PO BOX 3567, Brentwood, TN 37024 | TN | 2009-07 | $1,637,696 |
| 11 | Commonsense Incorporated | 5635 Sycamore Grove Ln, Memphis, TN 38120-2269 | TN | 1994-06 | $1,290 |
| 12 | Community Prevention Coalition Of Jackson County | PO BOX 708, Gainesboro, TN 38562-0708 | TN | 2002-10 | $375,573 |
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| 15 | Company D | 9649 Dogwood Estates Dr, Germantown, TN 38139 | TN | 2009-03 | $37,495 |
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| 18 | Conway - Welch Family Foundation | 1005 8th Ave S, Nashville, TN 37203-4721 | TN | 2010-01 | $90,013 |
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