Lions Share Inc, Speedway Lions Scholarship Fund Inc in Indianapolis, Indiana (IN)
Table of contents:
| Lions Share Inc, Speedway Lions Scholarship Fund Inc | |
| Employer Identification Number (EIN) | 300038142 |
| Name of Organization | Lions Share Inc |
| Secondary Name | Speedway Lions Scholarship Fund Inc |
| Address | PO BOX 533025, Indianapolis, IN 46253-3025 |
| Subsection | Charitable Organization |
| Ruling Date | 02/2002 |
| 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 | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $57,972 |
| Amount of Income | $55,959 |
| Form 990 Revenue Amount | $6,118 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2013: $55,959 (it was $26,193 in 2012)
| This organization: | $55,959 |
| Other organizations performing similar types of work: | $105,489 |
Assets in 2013: $57,972 (it was $62,165 in 2012)
| Lions Share Inc, Speedway Lions Scholarship Fund Inc: | $57,972 |
| Other organizations performing similar types of work: | $325,460 |
Expenses in 2013: $10,311
| Lions Share Inc, Speedway Lions Scholarship Fund Inc: | $10,311 |
| Other organizations performing similar types of work: | $49,058 |
Income to expenses ratio in 2013: 5.4
| Lions Share Inc, Speedway Lions Scholarship Fund Inc: | 5.4 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 32.7%
| Lions Share Inc, Speedway Lions Scholarship Fund Inc: | 32.7% |
| Other organizations performing similar types of work: | 22.8% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $2,537 | $3,121 | $6,118 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $2,000 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $1,680 | $1,727 | $2,098 |
| Gain/Loss from sale of assets other than inventory | $857 | $1,394 | $2,020 |
| Gross amount from sale of assets other than inventory | $36,225 | $24,466 | $51,861 |
| Less: cost or other basis and sales expenses | $35,368 | $23,072 | $49,841 |
| 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 | $10,300 | $11,336 | $10,311 |
| Total net assets | $70,380 | $62,165 | $57,972 |
| Excess/Deficit for the year | $-7,763 | $-8,215 | $-4,193 |
| Net assets or fund balances at beginning of year | $78,143 | $70,380 | $62,165 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $62,165 | $57,972 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $70,380 | $62,165 | $57,972 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $70,380 | $62,165 | $57,972 |
| 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 | $13,000 |
| Subtotal Support | $13,000 |
| Gifts, grants, contributions, and membership fees received | $13,000 |
| 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 | $0 |
| Total Support | $21,943 |
| Public Support | $13,000 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $8,943 |
| 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 | $0 |
| 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 | William Lant Ridgway Charitable Trust | PO BOX 207, Evansville, IN 47702-0207 | IN | 2013-07 | $66,219,350 |
| 2 | Welborn Baptist Foundation Inc | Twentyone Southeast Third Street, Evansville, IN 47708 | IN | 1998-10 | $57,971,706 |
| 3 | Wellpoint Foundation Inc | 120 Monument Cir, Indianapolis, IN 46204-4906 | IN | 2002-02 | $22,273,453 |
| 4 | David P Sheetz Foundation | 303 Blue Ridge Rd, Indianapolis, IN 46208-3623 | IN | 2010-07 | $12,272,936 |
| 5 | Hubbard Family Foundation Inc | 101 W Ohio St Ste 1350, Indianapolis, IN 46204-1996 | IN | 2012-02 | $7,421,069 |
| 6 | Semler Family Foundation Inc | 8015 Heyward Dr, Indianapolis, IN 46250-4226 | IN | 2005-10 | $7,167,370 |
| 7 | Sourlis Irrv Charitable Tr | 9204 Columbia Avenue, Munster, IN 46321-3570 | IN | 2008-03 | $4,837,179 |
| 8 | The Douglas & Angela Braly Family Foundation, Douglas A Braly Et Al Ttee | 832 Alverna Dr, Indianapolis, IN 46260-4955 | IN | 2014-06 | $4,311,580 |
| 9 | Herbert And Bui Simon Foundation Inc | 225 W Washington St, Indianapolis, IN 46204-3435 | IN | 2014-06 | $4,273,733 |
| 10 | Exacttarget Foundation Inc | 20 N Meridian St, Indianapolis, IN 46204-3007 | IN | 2011-11 | $3,648,493 |
| 11 | Smithville Charitable Foundation Inc | 820 West Termperance St, Ellettsville, IN 47429 | IN | 2013-06 | $3,027,073 |
| 12 | The Namaste Foundation Inc | 9704 Raintree Dr S, Columbus, IN 47201-9295 | IN | 1991-02 | $2,760,275 |
| 13 | Alan W Sharon A Braun Family Foundation Inc | 4018 Fairfax Rd, Evansville, IN 47710-3719 | IN | 2012-05 | $2,607,686 |
| 14 | Widows Jar Ministries Inc | 10210 Holaday Dr, Carmel, IN 46032 | IN | 2006-11 | $1,458,740 |
| 15 | Anam Foundation | 430 Indiana Ave, Indianapolis, IN 46202-3275 | IN | 2012-06 | $874,749 |
| 16 | Ilf Foundation Inc | 1295 W County Road 60 S, North Vernon, IN 47265-7034 | IN | 2014-09 | $850,000 |
| 17 | 2nd Mile Adventures Inc | PO BOX 733, Winona Lake, IN 46590-0733 | IN | 2007-10 | $775,788 |
| 18 | Society Of St Vincent Depaul District Council Of Gary Indiana I | 7148 California Ave, Hammond, IN 46323-2323 | IN | 2004-01 | $740,633 |
| 19 | Children First Learning Center Foundation | 807 Merrillville Rd, Crown Point, IN 46307-3211 | IN | 2011-10 | $711,510 |
| 20 | Griffith Family Foundation Inc | 663 Forest Blvd, Indianapolis, IN 46240-2515 | IN | 2009-10 | $655,706 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 22,395 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| All affiliated organizations | |||||
| Affiliation | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| Central | Lions Share Inc | PO BOX 533025, Indianapolis, IN 46253-3025 | IN | 2002-02 | $6,173 |
| Subordinate | Lions Share Inc, Speedway Lions Scholarship Fund Inc | PO BOX 533025, Indianapolis, IN 46253-3025 | IN | 2002-02 | $55,959 |
| Number of affiliated organizations | |||
| |||
| Total | 2 | ||
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