Matthew 25 Limited in Racine, Wisconsin (WI)
Table of contents:
| Matthew 25 Limited | |
| Employer Identification Number (EIN) | 391828161 |
| Name of Organization | Matthew 25 Limited |
| In Care of Name | Fr Bruce Clanton |
| Address | 1102 Hamilton St, Racine, WI 53404-3140 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Combat juvenile delinquency |
| Subsection | Charitable Organization |
| Ruling Date | 10/1995 |
| 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 | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $5,512 |
| Amount of Income | $57,606 |
| Form 990 Revenue Amount | $57,606 |
| National Taxonomy of Exempt Entities (NTEE) | Crime, Legal-Related: Delinquency Prevention |
Non-representatives - add comments:
Amount of income in 2013: $57,606 (it was $42,600 in 2012)
| Matthew 25 Limited: | $57,606 |
| Other organizations performing similar types of work: | $94,018 |
Assets in 2013: $5,512 (it was $517 in 2012)
| This organization: | $5,512 |
| Other organizations performing similar types of work: | $25,821 |
Expenses in 2013: $52,611
| This organization: | $52,611 |
| Other organizations performing similar types of work: | $87,875 |
Income to expenses ratio in 2013: 1.1
| This organization: | 1.1 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2013: 100.0%
| Matthew 25 Limited: | 100.0% |
| Other organizations performing similar types of work: | 96.2% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $48,000 | $42,600 | $57,606 |
| Contributions, gifts, grants, and similar amounts received | $48,000 | $42,600 | $57,606 |
| 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 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $48,000 | $42,600 | $52,611 |
| Total net assets | $517 | $517 | $5,512 |
| Excess/Deficit for the year | $0 | $0 | $4,995 |
| Net assets or fund balances at beginning of year | $517 | $517 | $517 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $517 | $517 | $5,512 |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $517 | $517 | $5,512 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $517 | $517 | $5,512 |
| 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 | $252,206 |
| Subtotal Support | $252,206 |
| Gifts, grants, contributions, and membership fees received | $252,206 |
| 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 | $252,206 |
| Public Support | $252,206 |
| 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 | Tsic Inc, Take Stock In Children Inc | 8600 Nw 36th St Ste 500, Doral, FL 33166-6688 | FL | 1996-03 | $9,856,816 |
| 2 | Operation Dream Inc | PO BOX 12356, Milwaukee, WI 53212-0356 | WI | 2008-03 | $565,644 |
| 3 | Spencer Kids Group Inc | PO BOX 15, Spencer, WI 54479-0015 | WI | 1996-10 | $76,783 |
| 4 | Community Connection Of Wisconsin Inc | 1514 Drake St, Madison, WI 53711-2212 | WI | 1997-04 | $71,018 |
| 5 | Matthew 25 Limited | 1102 Hamilton St, Racine, WI 53404-3140 | WI | 1995-10 | $57,606 |
| 6 | Mcfarland Youth Center Inc | PO BOX 362, Mc Farland, WI 53558-0362 | WI | 2006-06 | $51,862 |
| 7 | Saferide Appleton Inc | 409 W College Avenue, Appleton, WI 54911 | WI | 2007-09 | $16,583 |
| 8 | Monroe County Safe Community Coalition Inc | 217 North Black River Street, Sparta, WI 54656 | WI | 2004-01 | $3,022 |
| 9 | As One Inc | 3016 Highway Mm, Fitchburg, WI 53711 | WI | 2006-06 | $0 |
| 10 | Christians Against Drugs & Crime | 5330 W Lisbon Ave, Milwaukee, WI 53210-2751 | WI | 1995-04 | $0 |
| 11 | Club Kids In Danger Saved Club Kids Inc | 224 N 35, Milwaukee, WI 53208 | WI | 2000-08 | $0 |
| 12 | Enlight Inc | 1320 Pewaukee Rd 622, Waukysha, WI 53188-3878 | WI | 2008-01 | $0 |
| 13 | First Step Transitional Day Shelter | 1017 63rd Street, Kenosha, WI 53140 | WI | 1998-08 | $0 |
| 14 | Kids Kart Club | 964 W Cecil St, Neenah, WI 54956 | WI | 1996-12 | $0 |
| 15 | Lighthouse Rock Inc | 1900 East Street, Baraboo, WI 53913 | WI | 1999-12 | $0 |
| 16 | Northwestern Wisconsin Youth Program Inc, School District Of Solon Springs Barry Donohoo | 10532 S Lake Of The Woods Loop, Solon Springs, WI 54873 | WI | 1996-09 | $0 |
| 17 | Reins Of Inspiration Inc | 31065 County Hwy C, Washburn, WI 54891 | WI | 2009-08 | $0 |
| 18 | Rusk Restorative Youth Programs | 311 E Miner Ave Ste C240, Ladysmith, WI 54848 | WI | 2012-11 | $0 |
| 19 | Student Pledge Inc | 1758 Co Road S, Edgar, WI 54426 | WI | 2008-04 | $0 |
| 20 | Worth The Risk Inc | W8530 Oak Ave, Shawano, WI 54166-6226 | WI | 2000-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,517 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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