Budding Scholars Foundation in Avon, Colorado (CO)
Table of contents:
| Budding Scholars Foundation | |
| Employer Identification Number (EIN) | 201681371 |
| Name of Organization | Budding Scholars Foundation |
| In Care of Name | Liza Alrick |
| Address | Po Box 2840, Avon, CO 81620 |
| Subsection | Educational Organization |
| Ruling Date | 08/2005 |
| Deductibility | Contributions are deductible |
| Foundation | School |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 2013 |
| Assets | $0 |
| Income | $0 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $286,691 |
| Amount of Income | $260,273 |
| Form 990 Revenue Amount | $260,273 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Educational Services and Schools - Other |
Non-representatives - add comments:
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $-117,437 | ||
| Contributions, gifts, grants, and similar amounts received | $0 | ||
| Program service revenue including government fees and contracts | $0 | ||
| Membership dues and assessments | $0 | ||
| Investment income | $1,419 | ||
| Gain/Loss from sale of assets other than inventory | $-118,856 | ||
| Gross amount from sale of assets other than inventory | $55,000 | ||
| Less: cost or other basis and sales expenses | $173,856 | ||
| Net income/loss from gaming and fundraising events | $7,350 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | ||
| Other revenue | $0 | ||
| Total expenses | $1,482 | ||
| Total net assets | $112,787 | ||
| Excess/Deficit for the year | $-118,919 | ||
| Net assets or fund balances at beginning of year | $231,706 | ||
| Other changes in net assets or fund balances | $0 | ||
| Net assets or fund balances at end of year | $112,787 | ||
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $286,691 | $229,321 | $112,812 |
| Total liabilities | $116,189 | $-2,385 | $25 |
| Net assets or fund balances | $112,787 | ||
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | Yes | ||
| Were any significant changes made to the organizing or governing documents? | No | ||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | ||
| Has the organization filed a Form 990-T for the year? | No | ||
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | ||
| Amount of political expenditures, direct or indirect | $0 | ||
| Did the organization file Form 1120-POL for this year? | 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? | Yes | ||
| Total amount involved | $55,000 | ||
| Initiation fees and capital contributions | $0 | ||
| Gross receipts for public use of club facilities | $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 | ||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | ||
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | A school described in section 170(b)(1)(A)(ii) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
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| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Mountain Falls Apartments Inc | 1999 Broadway Ste 1000, Denver, CO 80202-5704 | CO | 1951-05 | $192,315 |
| 2 | Mountain Family Center | PO BOX 638, Granby, CO 80446-0638 | CO | 1987-02 | $411,792 |
| 3 | Mountain Family Health Centers | 1905 Blake Ave Ste 101, Glenwood Spgs, CO 81601-4206 | CO | 1980-01 | $9,609,692 |
| 4 | Foundation Of Mountain Foothills Rotary | PO BOX 1918, Evergreen, CO 80437-1918 | CO | 2004-09 | $73,356 |
| 5 | Mountain Gorilla Conservation Fund | 4380 S Syracuse St Ste 320, Denver, CO 80237-2420 | CO | 2001-10 | $329,738 |
| 6 | Mountain Hi Swim League Inc | 42 E Arapahoe Rd, Littleton, CO 80122-8001 | CO | 1986-10 | $45,437 |
| 7 | Mountain Lacrosse League | PO BOX 2976, Evergreen, CO 80437-2976 | CO | 2008-12 | $122,874 |
| 8 | Mountain Madrigal Singers C/O Susan Lauck | 2824 Hager Lane Ut B Room/Suite Ut B, Glenwood Springs, CO 81601 | CO | 1998-11 | $0 |
| 9 | Mountain Mammas Charities | 147 Saint Vrain Trl, Ward, CO 80481-9504 | CO | 2004-11 | $24,135 |
| 10 | Mountain Ministries | PO BOX 1974, Dillon, CO 80435-1974 | CO | 1980-10 | $103,654 |
| 11 | Budding Scholars Foundation | Po Box 2840, Avon, CO 81620 | CO | 2005-08 | $260,273 |
| 12 | Mountain Mutual Water Company | 4338 East Timbe, Cripple Creek, CO 80813 | CO | 1983-03 | $391,837 |
| 13 | Mountain Park Environmental Association | 9112 Pueblo Mountain Park Rd, Beulah, CO 81023-9706 | CO | 2000-03 | $530,038 |
| 14 | Mountain Parks Electric Charitable Trust | PO BOX 170, Granby, CO 80446-0170 | CO | 2001-04 | $67,020 |
| 15 | Mountain Parks Electric Inc | PO BOX 170, Granby, CO 80446-0170 | CO | 1959-06 | $37,243,021 |
| 16 | Mountain Plains Library Association | 14293 W Center Dr, Lakewood, CO 80228-2315 | CO | 1975-11 | $54,653 |
| 17 | Mountain Post Historical Association Inc | 6510-A S Academy Blvd 261, Colorado Springs, CO 80906-8691 | CO | 2006-02 | $67,931 |
| 18 | Mountain Protective Association, Evergreen Scholarship Bootstraps | PO BOX 253, Evergreen, CO 80437-0253 | CO | 1975-09 | $100,350 |
| 19 | Mountain Region Black Economic Summit | 15200 E Girard Ave Apt 4200, Aurora, CO 80014 | CO | 2007-01 | $3,858 |
| 20 | Mountain Regional Housing Corporation | 520 S 3rd Street 23, Carbondale, CO 81623-2059 | CO | 1997-06 | $80,139 |
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