Toussaint L Hale Sr Scholarship And Benevolence Fund in Birmingham, Alabama (AL)
Table of contents:
Toussaint L Hale Sr Scholarship And Benevolence Fund | |
Employer Identification Number (EIN) | 630879461 |
Name of Organization | Toussaint L Hale Sr Scholarship And Benevolence Fund |
In Care of Name | Bertram Orum |
Address | P O Box 604, Birmingham, AL 35201 |
Activities | Supplying money, goods or services to the poor, Described in section 170(b)1)(a)(vi) of the Code, Scholarships (other) |
Subsection | Charitable Organization |
Ruling Date | 07/1984 |
Deductibility | Contributions are deductible |
Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 2010 |
Assets | $100,000 to $499,999 |
Income | $100,000 to $499,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $432,341 |
Amount of Income | $197,276 |
Form 990 Revenue Amount | $182,978 |
National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards |
Non-representatives - add comments:
Amount of income in 2010: $197,276 (it was $69,707 in 2013)
This organization: | $197,276 |
Other organizations performing similar types of work: | $41,680 |
Assets in 2010: $432,341 (it was $375,431 in 2013)
Toussaint L Hale Sr Scholarship And Benevolence Fund: | $432,341 |
Other organizations performing similar types of work: | $65,579 |
Expenses in 2013: $52,821
This organization: | $52,821 |
Other organizations performing similar types of work: | $24,470 |
Income to expenses ratio in 2013: 3.7
Toussaint L Hale Sr Scholarship And Benevolence Fund: | 3.7 |
Other organizations performing similar types of work: | 0.5 |
Grants share in income in 2013: 62.2%
Toussaint L Hale Sr Scholarship And Benevolence Fund: | 62.2% |
Other organizations performing similar types of work: | 9.0% |
Revenue for 2013
Support schedule
Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total revenue | $109,733 | $77,093 | $69,707 |
Contributions, gifts, grants, and similar amounts received | $109,733 | $50,751 | $43,392 |
Program service revenue including government fees and contracts | $0 | $0 | $24,052 |
Membership dues and assessments | $0 | $0 | $0 |
Investment income | $0 | $0 | $0 |
Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
Net income/loss from gaming and fundraising events | $0 | $16,381 | $2,263 |
Gross income from gaming | $0 | $0 | $0 |
Gross income from fundraising events | $0 | $27,704 | $12,320 |
Less: direct expenses from gaming and fundraising events | $0 | $11,323 | $10,057 |
Gross profit/loss from sales of inventory | $0 | $0 | $0 |
Other revenue | $0 | $9,961 | $0 |
Total expenses | $26,262 | $42,494 | $52,821 |
Total net assets | $88,136 | $122,735 | $139,621 |
Excess/Deficit for the year | $83,471 | $34,599 | $16,886 |
Net assets or fund balances at beginning of year | $4,665 | $88,136 | $122,735 |
Other changes in net assets or fund balances | $0 | $0 | $0 |
Net assets or fund balances at end of year | $122,735 | $139,621 |
Balance Sheets | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total assets | $347,209 | $370,962 | $375,431 |
Total liabilities | $259,073 | $248,227 | $235,810 |
Net assets or fund balances | $88,136 | $122,735 | $139,621 |
Other Information | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
Were any significant changes made to the organizing or governing documents? | No | No | |
Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
Has the organization filed a Form 990-T for the year? | No | No | |
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
Amount of political expenditures, direct or indirect | $0 | $0 | |
Did the organization file Form 1120-POL for this year? | No | No | |
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? | No | No | |
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? | No | No | |
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No |
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 supported | 0 |
Sum of amounts of support | $0 |
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
2009 - 2013 Total | |
---|---|
Public support | $330,290 |
Subtotal | $330,290 |
Gifts, grants, contributions, and membership fees received | $240,170 |
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 | $90,120 |
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 | $0 |
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 | $0 |
Total support | $351,105 |
Public support | $330,290 |
Subtotal | $20,815 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $20,815 |
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 | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Us-Central Asia Education Foundation | 124 U St Nw, Washington, DC 20001-1606 | DC | 2007-10 | $4,838,252 |
2 | Subsea Tieback Scholarship Fund | 5418 Woodbury St, Fulshear, TX 77441-4139 | TX | 2007-10 | $101,112 |
3 | Tom Mcmahon Construction Scholarship Fund | 4441 S Abilene Cir, Aurora, CO 80015-1047 | CO | 2006-11 | $18,033 |
4 | W H Turner & Sara Elizabeth Turner Medical Trust | PO BOX 2886, Mobile, AL 36652-2886 | AL | 2000-06 | $7,222,090 |
5 | Scholarships For Kids Inc | 1901 6th Ave N Ste 2400, Birmingham, AL 35203-4604 | AL | 2013-06 | $6,374,808 |
6 | Merrill I & Grace Hanks Charitable Tr | PO BOX 1628, Mobile, AL 36633-1628 | AL | 2012-03 | $1,888,675 |
7 | The Arnold B And Joanne B Dopson Foundation A Nonprofit Corp | PO BOX 780008, Tallassee, AL 36078-0001 | AL | 2007-06 | $1,409,105 |
8 | Hudson Family Foundation | 300 N Dean Road Suite 5 163, Auburn, AL 36830-4404 | AL | 2009-06 | $454,610 |
9 | Roy Lee Farish And Wilda W Farish Educational Trust, Donald M Mcleod Ttee | PO BOX 788, Camden, AL 36726-0788 | AL | 2007-01 | $372,386 |
10 | Violet Hampton Tr Uw 2 | Regions Bank Trust Department P O B, Mobile, AL 36652 | AL | 2002-04 | $262,574 |
11 | Shoals Scholar Dollars Foundation Inc | 475 S Seminary St, Florence, AL 35630-5660 | AL | 2012-01 | $235,540 |
12 | Toussaint L Hale Sr Scholarship And Benevolence Fund | P O Box 604, Birmingham, AL 35201 | AL | 1984-07 | $197,276 |
13 | The Andalusia Kiwanis Club Foundation Inc | PO BOX 624, Andalusia, AL 36420-1211 | AL | 1997-02 | $144,449 |
14 | Rocket City Scholarship Granting Organization Inc | PO BOX 99, Owens Cross Roads, AL 35763-8911 | AL | 2014-01 | $128,720 |
15 | Sam Kerlin Family Scholarship Trust | PO BOX 2886, Mobile, AL 36652-2886 | AL | 2005-01 | $94,586 |
16 | Italian American Heritage Society | 2019 Blue Heron Cir, Birmingham, AL 35242-6853 | AL | 2014-10 | $93,554 |
17 | D & F Charity Trust | 200 Broad Street 3rd Floor Ste B, Gadsden, AL 35901-3710 | AL | 2010-06 | $88,700 |
18 | Southern Pine Electric Trust Inc | 2134 South Blvd, Brewton, AL 36426-7164 | AL | 2003-01 | $69,730 |
19 | Employee Support Fund | 301 S Ripley St, Montgomery, AL 36104-4425 | AL | 2010-07 | $65,980 |
20 | Rosetta James Foundation | 415a Church St Nw Ste 100, Huntsville, AL 35801-7008 | AL | 2007-08 | $64,860 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 23,481 |
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