Elkhart Luncheon Optimist Community Scholarship Foundation Inc in Elkhart, Indiana (IN)
Table of contents:
| Elkhart Luncheon Optimist Community Scholarship Foundation Inc | |
| Employer Identification Number (EIN) | 352003607 |
| Name of Organization | Elkhart Luncheon Optimist Community Scholarship Foundation Inc |
| In Care of Name | Ann Hughes |
| Address | 29748 C R 16, Elkhart, IN 46516 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 04/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 09/2014 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $32,668 |
| Amount of Income | $5,663 |
| Form 990 Revenue Amount | $5,663 |
| 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: $5,663 (it was $3,100 in 2013)
| Elkhart Luncheon Optimist Community Scholarship Foundation Inc: | $5,663 |
| Other organizations performing similar types of work: | $50,088 |
Assets in 2014: $32,668 (it was $30,510 in 2013)
| This organization: | $32,668 |
| Other organizations performing similar types of work: | $160,480 |
Expenses in 2013: $4,256
| This organization: | $4,256 |
| Other organizations performing similar types of work: | $41,701 |
Income to expenses ratio in 2013: 1.3
| Elkhart Luncheon Optimist Community Scholarship Foundation Inc: | 1.3 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2013: 71.3%
| This organization: | 71.3% |
| Other organizations performing similar types of work: | 22.2% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $1,858 | $2,821 | $3,100 |
| Contributions, gifts, grants, and similar amounts received | $1,741 | $2,717 | $2,211 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $117 | $104 | $889 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| 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 | $3,000 | $3,500 | $4,256 |
| Total net assets | $32,345 | $31,666 | $30,510 |
| Excess/Deficit for the year | $-1,142 | $-679 | $-1,156 |
| Net assets or fund balances at beginning of year | $33,487 | $32,345 | $31,666 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $31,666 | $30,510 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $32,345 | $31,666 | $30,510 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $32,345 | $31,666 | $30,510 |
| 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 | 1 |
| Sum of amounts of support | $4,250 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The@charles Mitchell Scholarship Trust, Pershan Richard H Et Al Ttee | 10 S Dearborn Il1-0117, Chicago, IL 60603-2300 | IL | 1997-07 | $2,794,018 |
| 2 | Wisconsin Rural Opportunities Foundation Inc | 3310 Latham Dr, Madison, WI 53713-4634 | WI | 1996-09 | $2,025,315 |
| 3 | The Leadership Investment | 3900 E Mexico Ave Ste 600, Denver, CO 80210-3943 | CO | 1991-05 | $1,186,322 |
| 4 | W R And Floy A Sauey Family Foundation Inc | 715 Lynn Ave, Baraboo, WI 53913-2744 | WI | 1998-09 | $738,726 |
| 5 | Yoder Brothers Memorial Scholarship Fund | 7550 Trails End, Chagrin Falls, OH 44023-1426 | OH | 1997-06 | $351,924 |
| 6 | Brazosport Rotary Club Charitable Foundation Inc | P O Box 71, Lake Jackson, TX 77566 | TX | 1994-02 | $338,792 |
| 7 | The Lyden Foundation Inc | PO BOX 700, Winter Park, FL 32790-0700 | FL | 1997-12 | $331,009 |
| 8 | Susan Fund Inc | 8 Hilly Field Ln, Westport, CT 06880-2916 | CT | 1992-07 | $258,599 |
| 9 | Trustees Of Chester Academy Stratevest Group N A | PO BOX 1280, Brattleboro, VT 05302-1280 | VT | 1995-06 | $201,493 |
| 10 | University Of Aberdeen Foundation Inc | 57 W 57th St 3rd And 4th Flr, New York, NY 10019 | NY | 1996-07 | $182,160 |
| 11 | Thomas W And Lolita Gayle Scholarship Fund | PO BOX 40200, Jacksonville, FL 32203-0200 | FL | 1998-01 | $181,272 |
| 12 | The Dubose Scholarship Fund | PO BOX 1749, Chattanooga, TN 37401-1749 | TN | 1998-09 | $82,011 |
| 13 | Glenpool Public Schools Foundation For Academic Excellence Inc | PO BOX 1149, Glenpool, OK 74033 | OK | 1995-06 | $48,114 |
| 14 | Virginia National Guard Foundation | Bldg 316 Fort Pickett, Blackstone, VA 23824 | VA | 1995-05 | $47,598 |
| 15 | Spiro School Foundation For Excellence In Education Inc | PO BOX 127, Spiro, OK 74959-0127 | OK | 1992-01 | $43,018 |
| 16 | Third Eye Inc | 39303 Country Club Dr Ste A-48, Farmington Hills, MI 48331-3449 | MI | 1998-01 | $36,894 |
| 17 | Rockwall County A & M Club | PO BOX 214, Rockwall, TX 75087-0214 | TX | 1991-04 | $33,628 |
| 18 | Thomas E Anding & Emilyne Weed Anding Foundation | 4350 Shady Hill Dr, Dallas, TX 75229-2863 | TX | 1998-11 | $13,861 |
| 19 | Helen Sue Ward Scholarship Foundation Inc | 4164 Jacksonville Rd, Crisfield, MD 21817-2420 | MD | 1997-01 | $13,522 |
| 20 | Elkhart Luncheon Optimist Community Scholarship Foundation Inc | 29748 C R 16, Elkhart, IN 46516 | IN | 1997-04 | $5,663 |
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