Morro Bay Friends Of The Library in Morro Bay, California (CA)

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Morro Bay Friends Of The Library
Employer Identification Number (EIN)953786266
Name of OrganizationMorro Bay Friends Of The Library
Address625 Harbor St, Morro Bay, CA 93442-1905
ActivitiesLibrary
SubsectionCharitable Organization
Ruling Date12/1982
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$347,289
Amount of Income$42,933
Form 990 Revenue Amount$42,640


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Financial snapshot ($)

Revenue for 2011

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$29,289
Contributions, gifts, grants, and similar amounts received$3,784
Program service revenue including government fees and contracts$0
Membership dues and assessments$3,026
Investment income$3,525
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$18,954
Gross sales of inventory, less returns and allowances$20,596
Less: cost of goods sold$1,642
Other revenue$0
Total expenses$24,212
Total net assets$309,435
Excess for the year$5,077
Net assets or fund balances at beginning of year$304,358
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$309,435
Total liabilities$0
Net assets or fund balances$309,435
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
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
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$213,551
Gifts, grants, contributions, and membership fees received$76,940
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$101,930
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$34,661
Other$20
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