Bobby Gasaway Scholarship Fund in Dumas, Arkansas (AR)
Table of contents:
| Bobby Gasaway Scholarship Fund | |
| Employer Identification Number (EIN) | 710712721 |
| Name of Organization | Bobby Gasaway Scholarship Fund |
| In Care of Name | Merchants & Farmers Bank |
| Address | PO BOX 187, Dumas, AR 71639-0187 |
| Activities | Scholarships (other) |
| Subsection | Educational Organization |
| Ruling Date | 09/1993 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2014 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $29,846 |
| Amount of Income | $9,557 |
| Form 990 Revenue Amount | $4,072 |
| 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 2014: $9,557 (it was $2,681 in 2013)
| Bobby Gasaway Scholarship Fund: | $9,557 |
| Other organizations performing similar types of work: | $72,336 |
Assets in 2014: $29,846 (it was $38,249 in 2013)
| Bobby Gasaway Scholarship Fund: | $29,846 |
| Other organizations performing similar types of work: | $239,394 |
Expenses in 2013: $10,978
| Bobby Gasaway Scholarship Fund: | $10,978 |
| Other organizations performing similar types of work: | $40,888 |
Income to expenses ratio in 2013: 0.9
| This organization: | 0.9 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 59.7%
| This organization: | 59.7% |
| Other organizations performing similar types of work: | 0.1% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $4,936 | $3,934 | $2,681 |
| Contributions, gifts, grants, and similar amounts received | $3,300 | $2,125 | $1,600 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $1,487 | $1,425 | $1,135 |
| Gain/Loss from sale of assets other than inventory | $149 | $384 | $-87 |
| Gross amount from sale of assets other than inventory | $11,665 | $384 | $4,620 |
| Less: cost or other basis and sales expenses | $11,516 | $0 | $4,707 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $33 |
| Total expenses | $7,053 | $8,516 | $10,978 |
| Total net assets | $51,128 | $46,546 | $38,249 |
| Excess/Deficit for the year | $-2,117 | $-4,582 | $-8,297 |
| Net assets or fund balances at beginning of year | $53,245 | $51,128 | $46,546 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $46,546 | $38,249 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $51,128 | $46,546 | $38,249 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $51,128 | $46,546 | $38,249 |
| 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: | A community trust described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| 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 | $8,100 |
| Subtotal Support | $8,100 |
| Gifts, grants, contributions, and membership fees received | $8,100 |
| 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 | $0 |
| Total Support | $16,693 |
| Public Support | $8,100 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $8,593 |
| 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. | $0 |
| Write your review! |
|
|
| Recently Added Reviews |
Storks Nest Charity Fund in Little Rock, AR
 |
| Bibles For Belize in Vilonia, AR |
| Lost Cherokee Nation Tribal Association Inc in Dover, AR |
|
Divine Destiny Ministries in Fort Smith, AR
|
| Gods Feeding Hands in Mena, AR |
|
Beckham Ridge Ministries in Mountain View, AR
|
|
Unconditional Love Pet Rescue in Eureka Spgs, AR
|
|
Masonic Temple Assn in Hot Springs, AR
|
Arkansas Regional Organ Recovery Agency Inc in Little Rock, AR
 |
| Gain Inc in Little Rock, AR |
| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Mid South Community College Foundat Ion Inc | 2000 W Broadway St, West Memphis, AR 72301-3829 | AR | 1993-02 | $1,517,142 |
| 2 | Sylvester H Reed Memorial Trust | PO BOX 1111, Pflugerville, TX 78691-1111 | TX | 1998-01 | $1,242,927 |
| 3 | Southern Arkansas University Tech Foundation | PO BOX 3499, Camden, AR 71711-1599 | AR | 1980-12 | $215,626 |
| 4 | Arkansas Oklahoma Regional Education & Promotion Assn Inc | PO BOX 4145, Fort Smith, AR 72914-4145 | AR | 1975-08 | $2,378,204 |
| 5 | Rogers Development Foundation Inc | 317 W Walnut St, Rogers, AR 72756-4566 | AR | 1990-09 | $1,004,685 |
| 6 | Arkansas Rural Endowment Fund Inc | PO BOX 750, Little Rock, AR 72203-0750 | AR | 1971-01 | $507,111 |
| 7 | Alton E & Thelma Mccartney Scholarship Tr | PO BOX 650, Newport, AR 72112-0650 | AR | 1996-03 | $221,126 |
| 8 | Robert E And Catherine Woodson Sampley Foundation Inc | PO BOX 1147, Mount Ida, AR 71957-1147 | AR | 1995-02 | $175,098 |
| 9 | Arkansas State Elks Association Charitable Tr, Worley Roy A Ttee | 6741 Austin Bay Ct, Sherwood, AR 72120-4063 | AR | 1994-05 | $151,309 |
| 10 | Wallace Trust Foundation | 209 W Oak St, Mcgehee, AR 71654-2223 | AR | 1995-10 | $125,910 |
| 11 | Whitt Foundation | 8904 Moody Rd, Fort Smith, AR 72903-6724 | AR | 1998-09 | $94,963 |
| 12 | Class Of 62 Memorial Scholarship Foundation | Po Box 373, Smackover, AR 71762 | AR | 1998-10 | $3,306 |
| 13 | 1950s Scholarship Fund Inc | PO BOX 2155, Alma, AR 72921-2155 | AR | 1995-11 | $0 |
| 14 | Arkansas Engineering Foundation | 1320 Brookwood Dr, Little Rock, AR 72202-1406 | AR | 1979-08 | $0 |
| 15 | Black Rock Alumni Association Inc | Po Box 85, Black Rock, AR 72415 | AR | 1996-12 | $0 |
| 16 | Daisy Bates And L C Bates Foundation Inc | 3708 N Hills Blvd, N Little Rock, AR 72116-8504 | AR | 1995-03 | $0 |
| 17 | Dover Area Chamber Of Commerce Scholarship Fund Inc | Po Box 994, Dover, AR 72837-0994 | AR | 1991-07 | $0 |
| 18 | Jamie Lynn Gabbard Memorial Scholarship Trust | 3010 Coldwater Dr, Benton, AR 72019 | AR | 1992-08 | $0 |
| 19 | Mary Belle Vance Scholarship Society | 200 Louisana Street, Little Rock, AR 72201 | AR | 1998-09 | $0 |
| 20 | Mcneal Funeral Home Workers Club Inc | PO BOX 70, Brinkley, AR 72021-0070 | AR | 1992-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 3,412 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization representatives - add corrected or new information about Bobby Gasaway Scholarship Fund »
Non-representatives - add comments about Bobby Gasaway Scholarship Fund»