Michael Scholz Memorial Charitable Fund Inc in Coral Gables, Florida (FL)

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Michael Scholz Memorial Charitable Fund Inc
Employer Identification Number (EIN)753105532
Name of OrganizationMichael Scholz Memorial Charitable Fund Inc
In Care of NameMelvin A Rubin
Address111 Majorca Ave, Coral Gables, FL 33134-4508
SubsectionEducational Organization
Ruling Date04/2004
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$210,248
Amount of Income$50,691
Form 990 Revenue Amount$-38,309
National Taxonomy of Exempt Entities (NTEE)Environmental Quality, Protection and Beautification: Natural Resources Conservation and Protection


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Amount of income in 2011: $50,691 (it was $30,361 in 2010)
This organization: 

 $50,691
Other organizations performing similar types of work: 

 $69,982

Assets in 2011: $210,248 (it was $293,142 in 2010)
This organization: 

 $210,248
Other organizations performing similar types of work: 

 $61,304

Expenses in 2011: $44,585
This organization: 

 $44,585
Other organizations performing similar types of work: 

 $56,949

Income to expenses ratio in 2011: 1.1
This organization: 

 1.1
Other organizations performing similar types of work: 

 0.8

Grants share in income in 2011: -71.1%
This organization: 

 -71.1%
Other organizations performing similar types of work: 

 47.9%

Financial snapshot ($)

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$-38,309
Contributions, gifts, grants, and similar amounts received$27,253
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$609
Loss from sale of assets other than inventory$-66,171
Gross amount from sale of assets other than inventory$22,829
Less: cost or other basis and sales expenses$89,000
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$44,585
Total net assets$210,248
Deficit for the year$-82,894
Net assets or fund balances at beginning of year$293,142
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$210,248
Total liabilities$0
Net assets or fund balances$210,248
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
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)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$153,360
Gifts, grants, contributions, and membership fees received$115,942
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$37,418
Gross receipts from related activities, etc.$0
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3Conservation Foundation Of The Gulf Coast IncPO BOX 902, Osprey, FL 34229-0902FL2003-12$1,019,632
4St Johns Riverkeeper Inc2800 University Blvd N, Jacksonville, FL 32211-3321FL2000-05$707,387
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Number of organizations performing similar types of work
Alaska43
Alabama79
Arkansas23
Arizona69
California461
Colorado109
Connecticut53
District of Columbia46
Delaware12
Florida160
Georgia63
Hawaii59
Iowa62
Idaho39
Illinois90
Indiana52
Kansas23
Kentucky44
Louisiana25
Massachusetts91
Maryland79
Maine52
Michigan94
Minnesota92
Missouri46
Mississippi10
Montana53
North Carolina81
North Dakota7
Nebraska12
New Hampshire27
New Jersey65
New Mexico38
Nevada40
New York192
Ohio80
Oklahoma28
Oregon114
Pennsylvania123
Rhode Island20
South Carolina23
South Dakota11
Tennessee55
Texas141
Utah41
Virginia81
Vermont39
Washington138
Wisconsin129
West Virginia25
Wyoming23
International32
Total3,594

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