LOYALTY FOUNDATION INC
LONGMEADOW,
Massachusetts,
01106
EIN: 83-3410523
Recreation, Sports, Leisure, Athletics
MISSION
The Loyalty Foundation seeks to use the sport of basketball to teach life skills to talented, at risk teens and help create a pathway to success on and off the court. Teens will be provided opportunities to compete in grassroots basketball events.
DEMOGRAPHIC
ADDRESS
50 EDGEWOOD AVE
01106
COUNTY
hampden county, MA
IN CARE OF NAME
DANIEL SALAZAR
ORGANIZATIONAL OVERVIEW & RANKINGS
LOYALTY FOUNDATION INC is a based in LONGMEADOW, MA, focused on Recreation, Sports, Leisure, Athletics causes , specifically Basketball. Established in July 2021, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $0.00, this ranks 2,551,399 among 2,656,690 nonprofits nationally (Top 97%), demonstrating developing financial capacity relative to its peers. At the state level, it stands at 47,898 out of 58,562 organizations in MA (Top 82%).
In hampden county, MA, the organization ranks 3,020 out of 3,113 nonprofits by assets (Top 97%), while locally in longmeadow, it stands at 133 among 145 organizations (Top 88%).
The organization reported no revenue in the most recent filing period, placing it at 2,001,847 nationally and 48,122 in MA.
Within its specific NTEE classification (N62 - N: Recreation, Sports, Leisure, Athletics), which includes 5,574 similar organizations, LOYALTY FOUNDATION INC ranks 4,748 in assets (Top 85%) and 4,693 in revenue (Top 84%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2022 .
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
N: Recreation, Sports, Leisure, Athletics
NTEE CODE
N62: Basketball
FOUNDATION CODE
16: Organization 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. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Note: A current revocation appears on the IRS revocation list
Revoked: Sunday, May 15, 2022;
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.
TAX PERIOD
N/A
ACCOUNTING PERIOD
12
INCOME CODE
N/A
INCOME AMOUNT
$0.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
07/2021
ASSET CODE
N/A
ASSET AMOUNT
$0.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
Recently Saved Organizations
Click on the save icon from a search results or organization page.
