Lemars Community School District Foundation in Lemars, Iowa (IA)
Table of contents:
| Lemars Community School District Foundation | |
| Employer Identification Number (EIN) | 421386147 |
| Name of Organization | Lemars Community School District Foundation |
| Address | 921 3rd Ave Sw, Lemars, IA 51031-2261 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 06/1992 |
| 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 | 12/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $246,421 |
| Amount of Income | $111,682 |
| Form 990 Revenue Amount | $92,105 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Community Foundations |
Non-representatives - add comments:
Amount of income in 2014: $111,682 (it was $72,742 in 2013)
| This organization: | $111,682 |
| Other organizations performing similar types of work: | $123,400 |
Assets in 2014: $246,421 (it was $261,918 in 2013)
| Lemars Community School District Foundation: | $246,421 |
| Other organizations performing similar types of work: | $188,019 |
Expenses in 2013: $63,446
| Lemars Community School District Foundation: | $63,446 |
| Other organizations performing similar types of work: | $82,376 |
Income to expenses ratio in 2013: 1.8
| Lemars Community School District Foundation: | 1.8 |
| Other organizations performing similar types of work: | 5.6 |
Grants share in income in 2013: 87.9%
| This organization: | 87.9% |
| Other organizations performing similar types of work: | 20.2% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $66,136 | $98,730 | $72,742 |
| Contributions, gifts, grants, and similar amounts received | $57,407 | $85,518 | $63,962 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $5,751 | $7,129 | $3,306 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $1,206 |
| Gross amount from sale of assets other than inventory | $0 | $0 | $1,206 |
| Less: cost or other basis and sales expenses | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $2,978 | $6,083 | $4,268 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $12,428 | $16,519 | $29,337 |
| Less: direct expenses from gaming and fundraising events | $9,450 | $10,436 | $25,069 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $57,322 | $58,452 | $63,446 |
| Total net assets | $208,613 | $248,891 | $261,918 |
| Excess/Deficit for the year | $8,814 | $40,278 | $9,296 |
| Net assets or fund balances at beginning of year | $199,799 | $208,613 | $248,892 |
| Other changes in net assets or fund balances | $0 | $0 | $3,730 |
| Net assets or fund balances at end of year | $248,891 | $261,918 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $208,613 | $248,891 | $261,918 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $208,613 | $248,891 | $261,918 |
| 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 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 | $294,037 |
| Subtotal Support | $330,218 |
| Gifts, grants, contributions, and membership fees received | $330,218 |
| 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 | $36,181 |
| Total Support | $440,953 |
| Public Support | $330,218 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $21,939 |
| 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 | $88,796 |
| 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 | The Taos Community Foundation Inc | PO BOX 1925, Taos, NM 87571-1925 | NM | 1998-12 | $4,057,729 |
| 2 | Siouxland Community Foundation | 505 5th St Ste 412, Sioux City, IA 51101-1507 | IA | 1989-06 | $8,451,511 |
| 3 | South Central Iowa Community Foundation | 108 N Grand St, Chariton, IA 50049-1801 | IA | 1994-08 | $3,485,592 |
| 4 | Webster City Community School Foundation | 944 Walnut St, Webster City, IA 50595-2027 | IA | 1994-03 | $906,566 |
| 5 | Sioux Center Foundation | 335 1st Ave Nw, Sioux Center, IA 51250-1814 | IA | 1999-05 | $521,311 |
| 6 | Traer Community Foundation | 611 2nd St, Traer, IA 50675-1230 | IA | 1995-04 | $513,084 |
| 7 | West Des Moines Community Schools Foundation | C/O David Farnsworth 1601 West, West Des Moines, IA 50266 | IA | 1988-10 | $498,827 |
| 8 | Treynor State Bank Community Foundation | Box A 15 E Main, Treynor, IA 51575-9502 | IA | 1999-08 | $427,813 |
| 9 | Wayne Community Foundation | PO BOX 385, Corydon, IA 50060-0385 | IA | 2000-07 | $216,987 |
| 10 | Priorities For Iowa Inc | 4019 Ingersoll Ave, Des Moines, IA 50312-2710 | IA | 2013-11 | $209,500 |
| 11 | Wilton Community Foundation | PO BOX 1120, Wilton, IA 52778-1120 | IA | 1975-11 | $140,288 |
| 12 | Glen Oaks Womens Charity Foundation Inc | 1401 Glen Oaks Dr, Wdm, IA 50266-6630 | IA | 2009-07 | $78,931 |
| 13 | Winterset Community Educational Foundation | 777 Third Street Suite 110, Des Moines, IA 50309 | IA | 1988-08 | $63,876 |
| 14 | Washington Community School District Foundation | 206 W Main St, Washington, IA 52353-1723 | IA | 1995-01 | $51,618 |
| 15 | Shelby County Community Chest Inc | PO BOX 527, Harlan, IA 51537-0527 | IA | 2005-05 | $38,034 |
| 16 | Woodbine Community Foundation | PO BOX 139, Woodbine, IA 51579-0139 | IA | 1997-12 | $9,689 |
| 17 | Golden Buckle Home Foundation | 500 E Lake Street, Rockwell City, IA 50579 | IA | 2011-03 | $6,220 |
| 18 | Center Point Area Realization Endowments, Care | 1201 Central Ave P O Box 131, Center Point, IA 52213 | IA | 2004-01 | $0 |
| 19 | Charger Pride Scholarship Foundation Inc | 4674 E Oakwood Dr, Pleasant Hill, IA 50327-1712 | IA | 2014-09 | $0 |
| 20 | Cloud Nine Resource Center Inc | PO BOX 9611, Cedar Rapids, IA 52409-0001 | IA | 2011-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,151 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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