Paleon Foundation in Glenrock, Wyoming (WY)
Table of contents:
| Paleon Foundation | |
| Employer Identification Number (EIN) | 830311719 |
| Name of Organization | Paleon Foundation |
| Address | PO BOX 1362, Glenrock, WY 82637-1362 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Museum, zoo, planetarium, etc. |
| Subsection | Literary Organization |
| Ruling Date | 08/1995 |
| 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 | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $39,944 |
| Amount of Income | $56,385 |
| Form 990 Revenue Amount | $51,876 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Museum, Museum Activities |
Non-representatives - add comments:
Amount of income in 2013: $56,385 (it was $68,324 in 2012)
| This organization: | $56,385 |
| Other organizations performing similar types of work: | $69,335 |
Assets in 2013: $39,944 (it was $41,479 in 2012)
| This organization: | $39,944 |
| Other organizations performing similar types of work: | $145,105 |
Expenses in 2013: $53,411
| This organization: | $53,411 |
| Other organizations performing similar types of work: | $47,186 |
Income to expenses ratio in 2013: 1.1
| This organization: | 1.1 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 22.5%
| Paleon Foundation: | 22.5% |
| Other organizations performing similar types of work: | 26.3% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $65,529 | $51,876 | |
| Contributions, gifts, grants, and similar amounts received | $22,639 | $11,665 | |
| Program service revenue including government fees and contracts | $501 | $99 | |
| Membership dues and assessments | $0 | $0 | |
| Investment income | $0 | $0 | |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | |
| Net income/loss from gaming and fundraising events | $2,061 | $3,513 | $3,292 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $3,513 | $3,292 | |
| Less: direct expenses from gaming and fundraising events | $0 | $0 | |
| Gross profit/loss from sales of inventory | $2,727 | $3,940 | |
| Gross sales of inventory, less returns and allowances | $5,522 | $8,449 | |
| Less: cost of goods sold | $2,795 | $4,509 | |
| Other revenue | $36,149 | $32,880 | |
| Total expenses | $53,432 | $53,411 | |
| Total net assets | $39,479 | $37,944 | |
| Excess/Deficit for the year | $12,097 | $-1,535 | |
| Net assets or fund balances at beginning of year | $27,382 | $39,479 | |
| Other changes in net assets or fund balances | $0 | $0 | |
| Net assets or fund balances at end of year | $39,479 | $37,944 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $29,982 | $41,479 | $39,944 |
| Total liabilities | $2,600 | $2,000 | $2,000 |
| Net assets or fund balances | $39,479 | $37,944 | |
| 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 | |
| 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 | |
| Gross receipts for public use of club facilities | $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 | $335,767 |
| Subtotal | $335,767 |
| Gifts, grants, contributions, and membership fees received | $292,352 |
| 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 | $43,415 |
| 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 | $411,307 |
| Public support | $335,767 |
| Subtotal | $75,540 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $75,540 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | National Museum Of Wildlife Art Of The United States, National Museum Of Wildlife Art | PO BOX 6825, Jackson, WY 83002-6825 | WY | 1986-11 | $8,597,963 |
| 2 | Trust For African Rock Arts | 77 W Wacker Dr, Chicago, IL 60601-1604 | IL | 2001-09 | $595,502 |
| 3 | Oakland Museum Of California | 1000 Oak Street, Oakland, CA 94607 | CA | 2012-02 | $16,648,339 |
| 4 | Liberty Aviation Museum Inc | 3515 E State Rd, Port Clinton, OH 43452-2618 | OH | 2011-01 | $16,356,534 |
| 5 | Warren R Austin And Heath Austin Val Verde Foundation | PO BOX 1443, Sn Luis Obisp, CA 93406-1443 | CA | 1994-07 | $15,508,913 |
| 6 | Fagen Fighters Wwii Museum | PO BOX 159, Granite Falls, MN 56241-0159 | MN | 2013-01 | $9,626,694 |
| 7 | Cheyenne Depot Museum Inc | PO BOX 2160, Cheyenne, WY 82003-2160 | WY | 2004-01 | $773,135 |
| 8 | Bradford Brinton Memorial 01-26150 | PO BOX 460, Big Horn, WY 82833-0460 | WY | 2002-06 | $742,396 |
| 9 | Hoofprints Of The Past | PO BOX 114, Kaycee, WY 82639 | WY | 2014-02 | $59,657 |
| 10 | Paleon Foundation | PO BOX 1362, Glenrock, WY 82637-1362 | WY | 1995-08 | $56,385 |
| 11 | Nelson Museum Of The West | 1714 Carey Ave, Cheyenne, WY 82001-4420 | WY | 1998-12 | $51,874 |
| 12 | Yellowstone National Art Trust | PO BOX 860, Jackson, WY 83001-0860 | WY | 2002-03 | $38,425 |
| 13 | Lovell-Kane Area Museum | PO BOX 764, Lovell, WY 82431-0764 | WY | 2012-08 | $23,569 |
| 14 | Fossilfest Inc | Po Box 11, Kemmerer, WY 83101 | WY | 2014-01 | $15,064 |
| 15 | Rockpile Museum Association | 900 West 2nd Street, Gillette, WY 82716 | WY | 1996-01 | $7,078 |
| 16 | Central Wyoming Children-S Center For Art | 120 S 3rd East, Riverton, WY 82501 | WY | 2013-11 | $0 |
| 17 | Masonic Museums Of Wyoming | Po Box 574, Casper, WY 82602-0574 | WY | 1996-04 | $0 |
| 18 | Museum Of The Occidental Hotel | 10 North Main Street, Buffalo, WY 82834 | WY | 1999-05 | $0 |
| 19 | Story Centennial Museum | Po Box 256, Story, WY 82842 | WY | 2013-02 | $0 |
| 20 | Wyoming Aviation Hall Of Fame | Ahc 1000 E University Ave Dept 3924, Laramie, WY 82071 | WY | 2012-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,844 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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