George J Asmus Scholarship Fund in Omaha, Nebraska (NE)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| George J Asmus Scholarship Fund | |
| Employer Identification Number (EIN) | 364005243 |
| Name of Organization | George J Asmus Scholarship Fund |
| In Care of Name | Steve Bloch Trustee |
| Address | 409 S 17th St Ste 500, Omaha, NE 68102-2603 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 03/1995 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $1,003 |
| Amount of Income | $723 |
| Form 990 Revenue Amount | $723 |
| 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: $723 (it was $719 in 2010)
| This organization: | $723 |
| Other organizations performing similar types of work: | $72,336 |
Assets in 2011: $1,003 (it was $1,000 in 2010)
| George J Asmus Scholarship Fund: | $1,003 |
| Other organizations performing similar types of work: | $239,394 |
Expenses in 2011: $720
| This organization: | $720 |
| Other organizations performing similar types of work: | $40,888 |
Income to expenses ratio in 2011: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2011: 99.6%
| George J Asmus Scholarship Fund: | 99.6% |
| Other organizations performing similar types of work: | 0.1% |
Revenue for 2011
Expenses for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $723 | $3 | $0 | |
| Contributions, gifts, grants, etc., received | $720 | |||
| Interest on savings and temporary cash investments | $3 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $720 | $0 | $0 | $500 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $220 | $0 | $0 | |
| Contributions, gifts, grants paid | $500 | |||
| Excess of revenue over expenses and disbursements | $3 | |||
| Net investment income | $3 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,003 | $1,003 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $1,003 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,003 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $1,003 |
| Net value of noncharitable-use assets | $980 |
| Minimum investment return | $49 |
| Distributable Amount (for 2011) | |
| Distributable amount | $49 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $49 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $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 | Shickley Community Foundation Inc | PO BOX 193, Shickley, NE 68436-0193 | NE | 1992-04 | $384,089 |
| 3 | Seward Community Scholarship | PO BOX 141, Seward, NE 68434-0141 | NE | 1973-02 | $103,913 |
| 4 | School District 117 Foundation | PO BOX 33, Benkelman, NE 69021-0033 | NE | 1990-08 | $30,626 |
| 5 | Gothenburg Public Schools Foundation | 1415 Ave G, Gothenburg, NE 69138 | NE | 1997-11 | $27,089 |
| 6 | West Holt High School Foundation | PO BOX 457, Atkinson, NE 68713-0457 | NE | 1998-10 | $9,114 |
| 7 | Vernon M Keener Jr Foundation | 721 Rosedale Dr, Scottsbluff, NE 69361-1443 | NE | 1995-07 | $1,030 |
| 8 | The@richard A Westcott Memorial Scholarship Foundation | PO BOX 577, Burwell, NE 68823-0577 | NE | 1997-02 | $65 |
| 9 | Alliance High School Activities Booster Club | 1450 Box Butte, Alliance, NE 69301 | NE | 1995-01 | $0 |
| 10 | Bellevue Rotary Charitable Foundation | Box 484, Bellevue, NE 68005 | NE | 1994-02 | $0 |
| 11 | Emerson-Hubbard Educational Enchancement Inc | Po Box 445, Emerson, NE 68733 | NE | 1993-11 | $0 |
| 12 | G I F T Scholarship Foundation Inc | 801 East O Street, Ogallala, NE 69153 | NE | 1993-03 | $0 |
| 13 | Gibbon Educational Foundation | 6350 Keystone Drive, Kearney, NE 68847 | NE | 1995-06 | $0 |
| 14 | Joy Foundation - A Nebraska Non- Profit Corporation | PO BOX 413, Stromsburg, NE 68666-0413 | NE | 1998-08 | $0 |
| 15 | Kimball Public Schools Foundation Inc | 901 S Nadine St, Kimball, NE 69145 | NE | 1995-03 | $0 |
| 16 | Laurel Concord Educational Foundation Inc | Po Box 72, Laurel, NE 68745 | NE | 1990-10 | $0 |
| 17 | M E Farmer Nebraska Council Pdca Scholarship Trust Fund | 5850 Russell Drive Suite 1, Lincoln, NE 68507 | NE | 1992-07 | $0 |
| 18 | Madison County 4 H Foundation | 601 E Benjamin Ave Suite 105, Norfolk, NE 68701 | NE | 1993-07 | $0 |
| 19 | N A M E Inc | 5150 N 90th St, Omaha, NE 68134 | NE | 2012-08 | $0 |
| 20 | Nebraska Broadcasters Association Foundation | 11414 West Center Road, Omaha, NE 68144 | NE | 1994-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,412 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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