Olive Branch Foundation in Cleveland, Tennessee (TN)
Table of contents:
| Olive Branch Foundation | |
| Employer Identification Number (EIN) | 261381046 |
| Name of Organization | Olive Branch Foundation |
| In Care of Name | Paul L Lee |
| Address | 3522 Harrison Pike, Cleveland, TN 37311 |
| Subsection | Charitable Organization |
| Ruling Date | 11/2008 |
| 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 | 2010 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $130,784 |
| Amount of Income | $102,231 |
| Form 990 Revenue Amount | $102,231 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Thrift Shops |
Non-representatives - add comments:
Amount of income in 2010: $102,231 (it was $102,231 in 2013)
| This organization: | $102,231 |
| Other organizations performing similar types of work: | $128,815 |
Assets in 2010: $130,784 (it was $130,784 in 2013)
| Olive Branch Foundation: | $130,784 |
| Other organizations performing similar types of work: | $51,025 |
Expenses in 2013: $102,231
| This organization: | $102,231 |
| Other organizations performing similar types of work: | $115,376 |
Income to expenses ratio in 2013: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 2.9% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $27,587 | $65,836 | $102,231 |
| Contributions, gifts, grants, and similar amounts received | $27,571 | $65,836 | $102,231 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $15 | $0 | $0 |
| 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 | $25,449 | $52,151 | $102,231 |
| Total net assets | $14,868 | $28,552 | $130,784 |
| Excess/Deficit for the year | $2,137 | $13,684 | $0 |
| Net assets or fund balances at beginning of year | $12,731 | $14,868 | $28,553 |
| Other changes in net assets or fund balances | $0 | $0 | $102,231 |
| Net assets or fund balances at end of year | $14,868 | $28,552 | $125,783 |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $14,868 | $28,552 | $130,784 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $14,868 | $28,552 | $130,784 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No |
| Were any significant changes made to the organizing or governing documents? | No | 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 | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | 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 | No |
| Total amount involved | $0 | $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 | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | 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 | $195,639 |
| Subtotal Support | $195,639 |
| Gifts, grants, contributions, and membership fees received | $195,639 |
| 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 | $195,639 |
| Public Support | $195,639 |
| 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 | Memphis Goodwill Inc | 6895 Stage Rd, Memphis, TN 38133-4015 | TN | 2009-02 | $28,236,360 |
| 2 | United States Of America Chess Federation | PO BOX 3967, Crossville, TN 38557-3967 | TN | 2014-03 | $3,397,619 |
| 3 | Good Neighbors Thrift Shop Inc | 125 Walosi Way, Loudon, TN 37774-2504 | TN | 2003-01 | $408,318 |
| 4 | Northland Ministerial Association | PO BOX 1527, White House, TN 37188-1527 | TN | 2003-05 | $357,041 |
| 5 | Helping People Gods Way Thift Store, Hpgw | 3115 Heathstone Cv, Germantown, TN 38138-7663 | TN | 2011-07 | $277,735 |
| 6 | Joelton Hope Center | 212 Gifford Place, Joelton, TN 37080 | TN | 2010-03 | $198,533 |
| 7 | Community Chest Of Knoxville | 800 S Northshore Dr, Knoxville, TN 37919-7550 | TN | 2010-11 | $149,290 |
| 8 | Ujima House Inc | PO BOX 280365, Nashville, TN 37228-0365 | TN | 1996-05 | $128,198 |
| 9 | Our Daily Bread Inc | PO BOX 580, Spring City, TN 37381-0580 | TN | 2006-10 | $110,939 |
| 10 | Olive Branch Foundation | 3522 Harrison Pike, Cleveland, TN 37311 | TN | 2008-11 | $102,231 |
| 11 | Archies Promise | 4321 Woodbury Pike, Murfreesboro, TN 37127-4752 | TN | 2014-11 | $10,787 |
| 12 | A Children And Youths Charity | 5200 Drexel Avenue, Memphis, TN 38135 | TN | 1997-10 | $0 |
| 13 | Arc Of Warren Co Associated Resources For Challenged | PO BOX 7298, Mcminnville, TN 37111-7298 | TN | 2002-10 | $0 |
| 14 | Community Outreach Partnership Of Bedford County | Po Box 2322, Shelbyville, TN 37162 | TN | 2010-12 | $0 |
| 15 | Gentle Touch Ministries | 121 N Cosby Hwy, Newport, TN 37821-2305 | TN | 2001-04 | $0 |
| 16 | Light Of Victory Empowerment Ministry | 3168 Dahlia Dr, Memphis, TN 38127 | TN | 2003-07 | $0 |
| 17 | Newspring Inc | 2091 Wilma Rudolph Blvd, Clarksville, TN 37040-6611 | TN | 2014-09 | $0 |
| 18 | Project Redesign Inc | Po Box 128461, Nashville, TN 37212 | TN | 2011-03 | $0 |
| 19 | Salvation Of Seniors Inc | 1950 Fort Campbell Blvd, Clarksville, TN 37042-3300 | TN | 2002-03 | $0 |
| 20 | The Tree | 2405 S Roan St, Johnson City, TN 37601-7582 | TN | 2015-02 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 938 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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