Martin Luther King And Albert Owens Scholarship Fund Committee Inc, Raye Rhudean S Founder in Meriden, Connecticut (CT)
Table of contents:
| Martin Luther King And Albert Owens Scholarship Fund Committee Inc, Raye Rhudean S Founder | |
| Employer Identification Number (EIN) | 061321531 |
| Name of Organization | Martin Luther King And Albert Owens Scholarship Fund Committee Inc |
| Secondary Name | Raye Rhudean S Founder |
| Address | 16 Rogers Dr, Meriden, CT 06450-4714 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 02/1996 |
| 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 | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $122,020 |
| Amount of Income | $14,122 |
| Form 990 Revenue Amount | $6,528 |
| 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 2013: $14,122 (it was $13,849 in 2012)
| Martin Luther King And Albert Owens Scholarship Fund Committee Inc, Raye Rhudean S Founder: | $14,122 |
| Other organizations performing similar types of work: | $72,336 |
Assets in 2013: $122,020 (it was $119,492 in 2012)
| Martin Luther King And Albert Owens Scholarship Fund Committee Inc, Raye Rhudean S Founder: | $122,020 |
| Other organizations performing similar types of work: | $239,394 |
Expenses in 2013: $4,000
| Martin Luther King And Albert Owens Scholarship Fund Committee Inc, Raye Rhudean S Founder: | $4,000 |
| Other organizations performing similar types of work: | $40,888 |
Income to expenses ratio in 2013: 3.5
| This organization: | 3.5 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 0.0%
| Martin Luther King And Albert Owens Scholarship Fund Committee Inc, Raye Rhudean S Founder: | 0.0% |
| Other organizations performing similar types of work: | 0.1% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $6,471 | $8,538 | $6,528 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $0 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $700 | $453 | $339 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $5,771 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $8,085 | $6,189 |
| Gross sales of inventory, less returns and allowances | $0 | $13,396 | $13,783 |
| Less: cost of goods sold | $0 | $5,311 | $7,594 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $4,050 | $4,000 | $4,000 |
| Total net assets | $114,954 | $119,492 | $122,020 |
| Excess/Deficit for the year | $2,421 | $4,538 | $2,528 |
| Net assets or fund balances at beginning of year | $112,533 | $114,954 | $119,492 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $119,492 | $122,020 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $114,954 | $119,492 | $122,020 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $114,954 | $119,492 | $122,020 |
| 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 | $67,221 |
| Subtotal | $67,221 |
| Gifts, grants, contributions, and membership fees received | $0 |
| 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 | $67,221 |
| 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 | $67,221 |
| Public support | $67,221 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 | Sylvester H Reed Memorial Trust | PO BOX 1111, Pflugerville, TX 78691-1111 | TX | 1998-01 | $1,242,927 |
| 2 | The Michael Bolton Charities Inc | 33 N Main St, Wallingford, CT 06492-3700 | CT | 1993-07 | $1,314,097 |
| 3 | Roxbury Scholarship Foundation Inc | PO BOX 106, Roxbury, CT 06783-0106 | CT | 1970-09 | $596,043 |
| 4 | Staples High School Tuition Grants Committee Inc | PO BOX 5159, Westport, CT 06881-5159 | CT | 1976-03 | $354,751 |
| 5 | The Hord Foundation Inc | PO BOX 4671, Danbury, CT 06813-4671 | CT | 1993-08 | $299,188 |
| 6 | William Widdy Neale Scholarship Fund Inc | 35 Cold Spring Rd Ste 212, Rocky Hill, CT 06067-3162 | CT | 1986-08 | $115,393 |
| 7 | Yale Club And Scholarship Foundation Of Hartford Inc | PO BOX 270084, West Hartford, CT 06127-0084 | CT | 1960-10 | $98,414 |
| 8 | Macricostas Scholarship Trust Inc | 15 Secor Rd, Brookfield, CT 06804 | CT | 1997-05 | $75,000 |
| 9 | Rotary Club Of New Canaan Charitable Foundation Inc | PO BOX 62, New Canaan, CT 06840-0062 | CT | 1998-07 | $67,826 |
| 10 | Weston Woods Institute Inc | 389 Newtown Tpke, Weston, CT 06883-1116 | CT | 1985-02 | $50,000 |
| 11 | Vera Arterburn Memorial Scholarship Fund Inc | 111 Founders Plaza, East Hartford, CT 06108-3212 | CT | 1996-07 | $38,632 |
| 12 | The Eagle Foundation Inc | 11 Henry St, Greenwich, CT 06830-5809 | CT | 1996-05 | $32,001 |
| 13 | Visiting Nurse Association Of Newtown Inc | 45 Main St, Newtown, CT 06470-2134 | CT | 1940-04 | $24,806 |
| 14 | Daniel A Boucher Memorial Scholarship Award | 758 Boswell Ave, Norwich, CT 06360-2543 | CT | 1991-07 | $20,656 |
| 15 | William J Ryan Scholarship Inc | PO BOX 171, Unionville, CT 06085-0171 | CT | 1997-09 | $16,491 |
| 16 | The Arcadian Foundation | 1 Mayflower Rd, Darien, CT 06820-5709 | CT | 1995-12 | $12,705 |
| 17 | Connecticut Engineers Education Foundation Inc | 460 Smith St Ste K, Middletown, CT 06457 | CT | 1997-04 | $7,360 |
| 18 | American Association Of University Women | 21 Hard St, Naugatuck, CT 06770 | CT | 1998-02 | $0 |
| 19 | Anna Anderson Doering Memorial Scholarship Tr | 14 Prospect Hill Road, Cromwell, CT 06416 | CT | 1993-04 | $0 |
| 20 | Assoc Of Retired Teachers Of Ct Glenn Moon Scholarship Find Inc, Artc Glen Moon Scholarship Fund Inc | 405 Lakeside Blvd W, Waterbury, CT 06708-2830 | CT | 1994-03 | $0 |
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