East Lyme Scholarship Association Inc in Niantic, Connecticut (CT)
Table of contents:
| East Lyme Scholarship Association Inc | |
| Employer Identification Number (EIN) | 061290851 |
| Name of Organization | East Lyme Scholarship Association Inc |
| In Care of Name | Gerald W Gilstad |
| Address | Po Box 190, Niantic, CT 06357 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 03/1993 |
| 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 | 2011 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $263,934 |
| Amount of Income | $65,507 |
| Form 990 Revenue Amount | $65,507 |
| 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 2011: $65,507 (it was $65,507 in 2013)
| East Lyme Scholarship Association Inc: | $65,507 |
| Other organizations performing similar types of work: | $41,680 |
Assets in 2011: $263,934 (it was $263,934 in 2013)
| East Lyme Scholarship Association Inc: | $263,934 |
| Other organizations performing similar types of work: | $65,579 |
Expenses in 2013: $72,205
| East Lyme Scholarship Association Inc: | $72,205 |
| Other organizations performing similar types of work: | $24,470 |
Income to expenses ratio in 2013: 0.9
| East Lyme Scholarship Association Inc: | 0.9 |
| Other organizations performing similar types of work: | 0.5 |
Grants share in income in 2013: 99.8%
| This organization: | 99.8% |
| Other organizations performing similar types of work: | 9.0% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $53,118 | $65,507 |
| Contributions, gifts, grants, and similar amounts received | $52,851 | $65,370 |
| Program service revenue including government fees and contracts | $0 | $0 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $267 | $137 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $0 | $0 |
| Total expenses | $88,830 | $72,205 |
| Total net assets | $246,269 | $263,934 |
| Excess/Deficit for the year | $-35,712 | $-6,698 |
| Net assets or fund balances at beginning of year | $264,280 | $243,269 |
| Other changes in net assets or fund balances | $17,701 | $27,363 |
| Net assets or fund balances at end of year | $246,269 | $266,934 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $246,269 | $263,934 |
| Total liabilities | $0 | $0 |
| Net assets or fund balances | $246,269 | $263,934 |
| Other Information | ||
| 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 |
| 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 |
| Gross receipts for public use of club facilities | $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 a substantial part of its support from a governmental unit or from the general public 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 | $266,483 |
| Subtotal Support | $266,483 |
| Gifts, grants, contributions, and membership fees received | $266,483 |
| 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 | $271,144 |
| Public Support | $266,483 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $4,761 |
| 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 |
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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 | The Peter And Patricia Gruber Foundation | PO BOX 208958, New Haven, CT 06520-8958 | CT | 2005-01 | $11,112,209 |
| 5 | Newtown Memorial Fund Inc | PO BOX 596, Botsford, CT 06404-0596 | CT | 2013-02 | $1,593,022 |
| 6 | John J Robinson Scholarship Fund | 850 Main St Rc13-505, Bridgeport, CT 06604-4917 | CT | 2011-01 | $1,102,571 |
| 7 | Friezo Family Foundation | 495 Post Road E, Westport, CT 06880-4433 | CT | 2012-02 | $890,805 |
| 8 | Bailey-Taylor Foundation Scholarship Trust | 314 Main St, Farmington, CT 06032-2961 | CT | 2010-02 | $774,980 |
| 9 | Shepherds Inc | 299 Washington Ave, Bridgeport, CT 06604-3822 | CT | 2000-10 | $766,145 |
| 10 | Marie R Crovat Tr Uw | 850 Main St, Bridgeport, CT 06604-4917 | CT | 2012-12 | $759,278 |
| 11 | Naramake Childrens Scholarship Foundation Inc | 16 King St, Norwalk, CT 06851-5429 | CT | 2011-01 | $672,389 |
| 12 | Ash Scholarship Tr | PO BOX 1868, Lakeville, CT 06039-1868 | CT | 2010-03 | $525,122 |
| 13 | The Kenneth M@seymour Jr Scholarship Trust | 290 Salem Turnpike, Norwich, CT 06360-6494 | CT | 2014-07 | $418,277 |
| 14 | Washington Scholarship Fund Inc | PO BOX 243, Washington Dt, CT 06794-0243 | CT | 2014-07 | $411,312 |
| 15 | Fellowship Of Cholmeleians In America Inc | 190 Old Ridgefield Rd, Wilton, CT 06897-4088 | CT | 2011-04 | $253,900 |
| 16 | Mesarg Educational Trust | 9 Dogwood Park North, Danbury, CT 06811 | CT | 2003-09 | $213,955 |
| 17 | Soldier Socks Inc | 1127 High Ridge Road No 124, Stamford, CT 06905-1203 | CT | 2013-11 | $198,998 |
| 18 | St Ann Society Of Norwalk Inc | 16 Hendricks Ave, Norwalk, CT 06851-4832 | CT | 2000-08 | $191,736 |
| 19 | Victoria Glenn Pierce Scholarship Foundation, Ellenthal Judith Ttee | C/O J Berger Jr-1700 Bedford St, Stamford, CT 06905 | CT | 2002-01 | $177,419 |
| 20 | Capss Education Foundation Inc | 26 Caya Ave, West Hartford, CT 06110-1186 | CT | 2013-04 | $175,000 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 23,481 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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