The Arthur E Brown Endowment Scholarship Trust in East Moline, Illinois (IL)
Table of contents:
| The Arthur E Brown Endowment Scholarship Trust | |
| Employer Identification Number (EIN) | 367160360 |
| Name of Organization | The Arthur E Brown Endowment Scholarship Trust |
| In Care of Name | Metrobank |
| Address | The National Bank 1523 8th Street, East Moline, IL 61244 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 10/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $96,813 |
| Amount of Income | $90,813 |
| Form 990 Revenue Amount | $9,961 |
| 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: $90,813 (it was $20,371 in 2012)
| This organization: | $90,813 |
| Other organizations performing similar types of work: | $72,336 |
Assets in 2013: $96,813 (it was $91,265 in 2012)
| This organization: | $96,813 |
| Other organizations performing similar types of work: | $239,394 |
Expenses in 2013: $4,413
| This organization: | $4,413 |
| Other organizations performing similar types of work: | $40,888 |
Income to expenses ratio in 2013: 20.6
| This organization: | 20.6 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 0.0%
| This organization: | 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 | $3,975 | $3,744 | $9,961 |
| 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 | $3,985 | $3,987 | $2,377 |
| Gain/Loss from sale of assets other than inventory | $-10 | $-243 | $7,584 |
| Gross amount from sale of assets other than inventory | $5,467 | $16,384 | $88,436 |
| Less: cost or other basis and sales expenses | $5,477 | $16,627 | $80,852 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $5,168 | $4,405 | $4,413 |
| Total net assets | $91,926 | $91,265 | $96,813 |
| Excess/Deficit for the year | $-1,193 | $-661 | $5,548 |
| Net assets or fund balances at beginning of year | $91,855 | $91,926 | $91,265 |
| Other changes in net assets or fund balances | $1,264 | $0 | $0 |
| Net assets or fund balances at end of year | $91,265 | $96,813 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $91,926 | $91,265 | $96,813 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $91,926 | $91,265 | $96,813 |
| 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 organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
| Number of organizations supported | 2 |
| Sum of amounts of support | $3,000 |
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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 | Sigma Chi Foundation | 1714 Hinman Ave, Evanston, IL 60201-4517 | IL | 1941-04 | $11,127,580 |
| 3 | Wessner Foundation | Harrison Held Llp 333 W Wacker, Chicago, IL 60606 | IL | 1998-11 | $2,753,378 |
| 4 | Austin Special Chicago | 5318 N Elston Ave, Chicago, IL 60630-1611 | IL | 1955-03 | $2,298,582 |
| 5 | Womens Western Golf Foundation | 6388 Old Oak Rd, Libertyville, IL 60048-9446 | IL | 1972-12 | $733,287 |
| 6 | Young Chicago Authors | 1180 N Milwaukee 2nd Fl, Chicago, IL 60642-4019 | IL | 1991-10 | $645,525 |
| 7 | Woodrow W Woods Educational Trust 9357953400 | 10 S Dearborn St Ste 21 Fl, Chicago, IL 60603-2300 | IL | 1997-09 | $379,138 |
| 8 | Walter E & Orva M Duling Tr | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | 1995-04 | $283,730 |
| 9 | Womans Educational Aid Association | C/O Helen Gagel 804 Oakton St 1e, Evanston, IL 60202 | IL | 1980-01 | $227,180 |
| 10 | Roy L Crume Tr Uw | 111 W Monroe St Tax Div 16w, Chicago, IL 60603 | IL | 1997-02 | $217,700 |
| 11 | Rotary Club Of Schaumburg-Hoffman Estates Charitable Foundation Inc | PO BOX 958121, Hoffman Est, IL 60195-8121 | IL | 1995-01 | $181,426 |
| 12 | St Louis Association Of Credit Management | 3005 Tollview Drive, Rolling Meadows, IL 60008-3726 | IL | 1994-06 | $127,666 |
| 13 | The Arthur E Brown Endowment Scholarship Trust | The National Bank 1523 8th Street, East Moline, IL 61244 | IL | 1997-10 | $90,813 |
| 14 | Walter & Lois Schuessler Scholarship Foundation | 400 N Mcclurg Ct Apt 3406, Chicago, IL 60611-4388 | IL | 1998-07 | $85,783 |
| 15 | St Charles Rotary Foundation | C/O John Kunzer 11n221 Romeo Dr, Elgin, IL 60124 | IL | 1995-08 | $76,453 |
| 16 | Rotary Club Of Wheeling Illinois- Grant Fund | Po Box 75, Wheeling, IL 60090 | IL | 1997-12 | $52,959 |
| 17 | Security Traders Association Of Chicago Scholarship Fund Inc | 216 W Jackson Blvd No 625, Chicago, IL 60606 | IL | 1992-01 | $51,702 |
| 18 | The Elizabeth Reller Memorial Scholarship Fund | 300 Washington St, Beardstown, IL 62618-1194 | IL | 1995-10 | $48,401 |
| 19 | Svi Scholarship Fund | 1000 Adare Dr, Wheaton, IL 60189-6118 | IL | 1995-02 | $45,376 |
| 20 | The Donald J Doody Foundation | 15 Salt Creek Ln Ste 312, Hinsdale, IL 60521-2964 | IL | 1997-11 | $38,969 |
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| Total | 3,412 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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