Pearls Of Hope Foundation Of Alpha Kappa Alpha Sorority Inc in Wilmington, Delaware (DE)
Table of contents:
Pearls Of Hope Foundation Of Alpha Kappa Alpha Sorority Inc | |
Employer Identification Number (EIN) | 200752880 |
Name of Organization | Pearls Of Hope Foundation Of Alpha Kappa Alpha Sorority Inc |
Address | 232 Cayman Ct, Wilmington, DE 19808-4440 |
Subsection | Charitable Organization, Educational Organization |
Ruling Date | 10/2004 |
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 | 06/2014 |
Assets | $25,000 to $99,999 |
Income | $25,000 to $99,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $71,722 |
Amount of Income | $65,170 |
Form 990 Revenue Amount | $52,069 |
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: $65,170 (it was $39,993 in 2013)
Pearls Of Hope Foundation Of Alpha Kappa Alpha Sorority Inc: | $65,170 |
Other organizations performing similar types of work: | $41,680 |
Assets in 2014: $71,722 (it was $54,257 in 2013)
Pearls Of Hope Foundation Of Alpha Kappa Alpha Sorority Inc: | $71,722 |
Other organizations performing similar types of work: | $65,579 |
Expenses in 2014: $37,572
This organization: | $37,572 |
Other organizations performing similar types of work: | $24,470 |
Income to expenses ratio in 2014: 1.7
This organization: | 1.7 |
Other organizations performing similar types of work: | 0.5 |
Grants share in income in 2014: 0.8%
This organization: | 0.8% |
Other organizations performing similar types of work: | 9.0% |
Revenue for 2014
Support schedule
Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
2012 | 2013 | 2014 | |
---|---|---|---|
Total revenue | $43,337 | $39,993 | $52,069 |
Contributions, gifts, grants, and similar amounts received | $0 | $500 | $400 |
Program service revenue including government fees and contracts | $0 | $0 | $0 |
Membership dues and assessments | $990 | $300 | $1,740 |
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 | $42,347 | $39,193 | $49,929 |
Gross income from gaming | $0 | $0 | $0 |
Gross income from fundraising events | $42,347 | $39,193 | $63,030 |
Less: direct expenses from gaming and fundraising events | $0 | $0 | $13,101 |
Gross profit/loss from sales of inventory | $0 | $0 | $0 |
Other revenue | $0 | $0 | $0 |
Total expenses | $45,344 | $48,761 | $37,572 |
Total net assets | $59,895 | $54,257 | $71,722 |
Excess/Deficit for the year | $-2,007 | $-8,768 | $14,497 |
Net assets or fund balances at beginning of year | $60,875 | $59,895 | $57,225 |
Other changes in net assets or fund balances | $1,027 | $3,130 | $0 |
Net assets or fund balances at end of year | $54,257 | $68,754 |
Balance Sheets | |||
2012 | 2013 | 2014 | |
---|---|---|---|
Total assets | $61,195 | $54,257 | $71,722 |
Total liabilities | $1,300 | $0 | $0 |
Net assets or fund balances | $59,895 | $54,257 | $71,722 |
Other Information | |||
2012 | 2013 | 2014 | |
---|---|---|---|
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 2014) | |
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 2010 - 2014) | |
2010 - 2014 Total | |
---|---|
Public support | $253,697 |
Subtotal | $253,697 |
Gifts, grants, contributions, and membership fees received | $3,601 |
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 | $250,096 |
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 | $253,697 |
Public support | $253,697 |
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 | 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 | Umsizi Fund | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 | DE | 2013-12 | $4,516,654 |
5 | Define And Muhtar Kent Educational Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2012-10 | $1,049,054 |
6 | Jk Wheeler Family Foundation | 1100 N Market St, Wilmington, DE 19890-1100 | DE | 2009-02 | $365,275 |
7 | Focas Inc | 330 Water Street, Wilmington, DE 19804-2433 | DE | 2009-01 | $324,978 |
8 | Ivy Education Group, Paul Powen Shih Sole Mbr | 2140 S Dupont Hwy, Camden, DE 19934-1249 | DE | 2014-02 | $324,967 |
9 | Ray Of Light Scholarship Fund | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 | DE | 2014-07 | $260,004 |
10 | The Erik Williams Foundation, The Erik Williams Foudation | 1 Wortham Ct, Bear, DE 19701 | DE | 2010-02 | $208,600 |
11 | American Friends Of Cancer Research Inc | 1000 N West Street Suite 1200, Wilmington, DE 19801 | DE | 1994-12 | $205,827 |
12 | Middleton Area Chamber Of Commerce | PO BOX 1, Middletown, DE 19709-0001 | DE | 2012-11 | $154,580 |
13 | William P Frank Scholarship Fund Inc | C/O Thomas J Shopa 270 Presidentia, Wilmington, DE 19807 | DE | 2001-01 | $120,001 |
14 | Societa Davinci Inc | 111 Continental Dr Ste 210, Newark, DE 19713-4330 | DE | 2001-05 | $118,392 |
15 | Silent Warrior Scholarship Fund | 2648 Cypress Road, Wilmington, DE 19810 | DE | 2011-03 | $93,720 |
16 | Clement Family Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2010-05 | $73,348 |
17 | Seaford School District Scholarship Foundation | 390 N Market St, Seaford, DE 19973-2612 | DE | 2013-03 | $72,722 |
18 | Danielle Rose Paikin Foundation | 13 Deer Run - Little Baltimore, Newark, DE 19711 | DE | 2013-10 | $20,800 |
19 | Megan Taylor Pulleyn Memorial Scholarship | 42 Dorian Dr, Dover, DE 19904-5887 | DE | 2013-01 | $8,074 |
20 | Wb Simpson Educational Fund Inc | 16 N Main St, Camden, DE 19934-1228 | DE | 2003-06 | $7,444 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 23,481 |
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