Jubilee Project Inc in Sneedville, Tennessee (TN)

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Jubilee Project Inc
Employer Identification Number (EIN)621470979
Name of OrganizationJubilee Project Inc
AddressPO BOX 657, Sneedville, TN 37869-0657
ActivitiesDescribed in section 170(b)1)(a)(vi) of the Code, Other activity aimed t combating community deterioration, Supplying money, goods or services to the poor
SubsectionCharitable Organization
Ruling Date05/1994
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$369,327
Amount of Income$118,757
Form 990 Revenue Amount$118,757
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Community, Neighborhood Development, Improvement (General)

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Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$196,268
Contributions, Gifts, Grants and Other Similar Amounts$191,470
Program Service Revenue$664
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$634
Income from investment of tax-exempt bond proceeds$0
Net rental income$0
Net gain from sales of assets other than inventory$3,500
Gross amount from sales of assets other than inventory (Securities / Other)$0 / $3,500
Less: cost or other basis and sales expenses (Securities / Other)$0 / $0
Gain or (loss) (Securities / Other)$0 / $3,500
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$145,749
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$26,067
Payroll taxes$2,994
Professional fundraising services$0
Balance Sheet (for 2011)
Total assets$370,620
Total liabilities$3,500
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Total net assets or fund balances$367,120
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
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)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$1,760,829
Gifts, grants, contributions, and membership fees received$1,754,228
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$6,601
Gross receipts from related activities, etc.$70,434
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