Katipunan Inc in Towson, Maryland (MD)

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Katipunan Inc
Employer Identification Number (EIN)521686182
Name of OrganizationKatipunan Inc
Address12 Jacobo Ln, Towson, MD 21286-8007
ActivitiesFraternal Beneficiary society, order, or association
SubsectionCharitable Organization
Ruling Date02/2009
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$50,312
Amount of Income$57,323
Form 990 Revenue Amount$15,056
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Cultural, Ethnic Awareness


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Amount of income in 2013: $57,323 (it was $54,641 in 2012)
This organization: 

 $57,323
Other organizations performing similar types of work: 

 $43,086

Assets in 2013: $50,312 (it was $52,032 in 2012)
This organization: 

 $50,312
Other organizations performing similar types of work: 

 $17,937

Expenses in 2013: $16,776
Katipunan Inc: 

 $16,776
Other organizations performing similar types of work: 

 $32,859

Income to expenses ratio in 2013: 3.4
This organization: 

 3.4
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 0.0%
Katipunan Inc: 

 0.0%
Other organizations performing similar types of work: 

 78.0%

Financial snapshot ($)

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$8,556$8,426$15,056
Contributions, gifts, grants, and similar amounts received$500$500$0
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$54$0$0
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$8,002$6,445$15,056
Gross income from gaming$0$0$0
Gross income from fundraising events$52,956$52,660$57,323
Less: direct expenses from gaming and fundraising events$44,955$46,215$42,267
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$1,481$0
Total expenses$8,922$4,517$16,776
Total net assets$48,123$52,032$50,312
Excess/Deficit for the year$-366$3,909$-1,720
Net assets or fund balances at beginning of year$48,489$48,123$52,032
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$52,032$50,312
Balance Sheets
201120122013
Total assets$48,123$52,032$50,312
Total liabilities$0$0$0
Net assets or fund balances$48,123$52,032$50,312
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
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 supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$1,772
Subtotal$264,814
Gifts, grants, contributions, and membership fees received$1,772
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$263,042
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$263,042
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$263,042
Total support$265,011
Public support$264,814
Subtotal$197
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$197
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
IdNameAddressStateEstablishedTotal Income
1Kutztown University Foundation15200 Kutztown Rd, Kutztown, PA 19530-9335PA1972-01$13,921,463
2Center For Jewish History Inc15 W 16th St, New York, NY 10011-6301NY1996-03$7,095,643
3Toldos Yeshurun Inc1099 E 18th St, Brooklyn, NY 11230-4405NY2002-03$1,158,807
4Research Institute For Hawaii Usa55 Merchant St Ste 2020, Honolulu, HI 96813-4329HI2002-04$1,004,815
5Access Monterey Peninsula Inc99 Pacific St Ste 200e, Monterey, CA 93940-2493CA1999-09$640,507
6Monroe County Fair Association Inc5700 W Airport Rd, Bloomington, IN 47403-9202IN2007-07$498,361
7The National Museum Of Puerto Rican Arts And Culture3015 W Division Street, Chicago, IL 60622IL2001-08$451,971
8Rocky Mountain Anime Association3011 S Ursula Cir Apt 202, Aurora, CO 80014-3417CO2000-11$364,315
9Norfolk Nato Festival440 Bank St, Norfolk, VA 23510-2401VA2007-05$232,068
10Education Center Shalom Inc11140 Rockville Pike Ste 100 129, Rockville, MD 20852-3106MD2005-01$102,522
11Maryland Turkish American Inhabitants Inc1109 Ingleside Ave, Gwynn Oak, MD 21207-4735MD2007-12$404,885
12American Turkish Association Inc200a Monroe St Ste 115, Rockville, MD 20850-4424MD2013-10$184,139
13National Alliance Of Multi-Ethnic Behavioral Health AssociationsPO BOX 1611, Owings Mills, MD 21117-1663MD2005-06$148,891
14Coordination Council Of Chinese American Associations Inc303 Treemont Way, Rockville, MD 20850-5772MD2003-08$128,826
15Prince Georges Harlem Remembrance Foundation Inc9900 Franklin St, Lanham, MD 20706-4714MD2003-03$125,543
16Bridgeleader Network Inc9189 Red Branch Road, Columbia, MD 21045MD2002-01$61,945
17Katipunan Inc12 Jacobo Ln, Towson, MD 21286-8007MD2009-02$57,323
18Korean-American Community Association Of Howard County Inc9256 Bendix Road, Columbia, MD 21045-1840MD2005-12$51,998
19Accohannock Indian Tribe Inc28380 Crisfield Marion Rd, Marion Station, MD 21838MD1995-08$36,195
20Chinua Achebe Foundation850 Sligo Ave 4th Flr, Silver Spring, MD 20910-4703MD2003-12$30,000
Number of organizations performing similar types of work
Alaska30
Alabama39
Arkansas29
Arizona85
California1,252
Colorado77
Connecticut85
District of Columbia94
Delaware16
Florida360
Georgia151
Hawaii138
Iowa40
Idaho24
Illinois228
Indiana62
Kansas30
Kentucky35
Louisiana69
Massachusetts181
Maryland165
Maine19
Michigan160
Minnesota170
Missouri86
Mississippi13
Montana22
North Carolina137
North Dakota7
Nebraska25
New Hampshire19
New Jersey243
New Mexico62
Nevada49
New York684
Ohio165
Oklahoma49
Oregon121
Pennsylvania214
Rhode Island27
South Carolina56
South Dakota23
Tennessee78
Texas417
Utah53
Virginia178
Vermont14
Washington180
Wisconsin90
West Virginia20
Wyoming11
International17
Total6,599

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