Hobey Baker Memorial Award Foundation in St Louis Park, Minnesota (MN)

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Hobey Baker Memorial Award Foundation
Employer Identification Number (EIN)411721288
Name of OrganizationHobey Baker Memorial Award Foundation
In Care of NameRuss Chance
Address3143 Alabama Ave S, St Louis Park, MN 55416-2007
ActivitiesOther school related activities
SubsectionCharitable Organization
Ruling Date09/1992
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 Period06/2013
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$87,102
Amount of Income$154,117
Form 990 Revenue Amount$114,729
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Education (Not Elsewhere Classified)


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Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$181,533$114,729
Contributions, gifts, grants, and similar amounts received$133,913$109,884
Program service revenue including government fees and contracts$28,581$9,930
Membership dues and assessments$0$0
Investment income$26$25
Gain/Loss from sale of assets other than inventory$0$0
Net income/loss from gaming and fundraising events$0$13,735$-5,378
Gross income from gaming$9,576$13,735$8,415
Gross income from fundraising events$0$15,900
Less: direct expenses from gaming and fundraising events$0$29,693
Gross profit/loss from sales of inventory$5,278$268
Gross sales of inventory, less returns and allowances$16,346$9,963
Less: cost of goods sold$11,068$9,695
Other revenue$0$0
Total expenses$187,483$127,113
Total net assets$98,486$86,102
Excess/Deficit for the year$-5,950$-12,384
Net assets or fund balances at beginning of year$104,436$98,486
Other changes in net assets or fund balances$0$0
Net assets or fund balances at end of year$98,486$86,102
Balance Sheets
201120122013
Total assets$105,436$99,486$87,102
Total liabilities$1,000$1,000$1,000
Net assets or fund balances$98,486$86,102
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 activitiesNoNo
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
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?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 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 supported0
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$511,521
Subtotal Support$673,091
Gifts, grants, contributions, and membership fees received$673,091
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$161,570
Total Support$673,244
Public Support$673,091
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$153
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.$135,731
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