Vincennes Rotary Foundation Inc in Vincennes, Indiana (IN)
Table of contents:
| Vincennes Rotary Foundation Inc | |
| Employer Identification Number (EIN) | 351941160 |
| Name of Organization | Vincennes Rotary Foundation Inc |
| In Care of Name | Wayne Thomann |
| Address | PO BOX 71, Vincennes, IN 47591-0071 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Scholarships (other), Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 03/1995 |
| 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 | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $414,296 |
| Amount of Income | $76,647 |
| Form 990 Revenue Amount | $44,743 |
| 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: $76,647 (it was $57,392 in 2013)
| Vincennes Rotary Foundation Inc: | $76,647 |
| Other organizations performing similar types of work: | $41,680 |
Assets in 2014: $414,296 (it was $374,197 in 2013)
| This organization: | $414,296 |
| Other organizations performing similar types of work: | $65,579 |
Expenses in 2014: $43,830
| This organization: | $43,830 |
| Other organizations performing similar types of work: | $24,470 |
Income to expenses ratio in 2014: 1.7
| This organization: | 1.7 |
| Other organizations performing similar types of work: | 0.5 |
Grants share in income in 2014: 23.1%
| Vincennes Rotary Foundation Inc: | 23.1% |
| Other organizations performing similar types of work: | 9.0% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $39,561 | $47,406 | $44,743 |
| Contributions, gifts, grants, and similar amounts received | $4,448 | $10,780 | $10,322 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $13,780 | $10,026 | $17,211 |
| Gain/Loss from sale of assets other than inventory | $608 | $2,942 | $1,648 |
| Gross amount from sale of assets other than inventory | $608 | $2,942 | $20,805 |
| Less: cost or other basis and sales expenses | $0 | $0 | $19,157 |
| Net income/loss from gaming and fundraising events | $20,725 | $23,658 | $15,562 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $31,115 | $33,644 | $28,309 |
| Less: direct expenses from gaming and fundraising events | $10,390 | $9,986 | $12,747 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $33,905 | $28,523 | $43,830 |
| Total net assets | $319,704 | $374,197 | $414,296 |
| Excess/Deficit for the year | $5,656 | $18,883 | $913 |
| Net assets or fund balances at beginning of year | $323,150 | $319,704 | $374,197 |
| Other changes in net assets or fund balances | $-9,102 | $35,610 | $39,186 |
| Net assets or fund balances at end of year | $374,197 | $414,296 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $319,704 | $374,197 | $414,296 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $319,704 | $374,197 | $414,296 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| 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 2014) | |
| 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 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $61,221 |
| Subtotal Support | $61,221 |
| Gifts, grants, contributions, and membership fees received | $61,221 |
| 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 | $113,479 |
| Public Support | $61,221 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $52,258 |
| 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. | $161,838 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Us-Central Asia Education Foundation | 124 U St Nw, Washington, DC 20001-1606 | DC | 2007-10 | $4,838,252 |
| 2 | Subsea Tieback Scholarship Fund | 5418 Woodbury St, Fulshear, TX 77441-4139 | TX | 2007-10 | $101,112 |
| 3 | Tom Mcmahon Construction Scholarship Fund | 4441 S Abilene Cir, Aurora, CO 80015-1047 | CO | 2006-11 | $18,033 |
| 4 | Zeta Beta Tau Foundation Inc | 3905 Vincennes Rd Ste 100, Indianapolis, IN 46268-3000 | IN | 2009-02 | $4,382,457 |
| 5 | Loan Repayment Assistance Foundation, Lrap Foundation | 899 S College Mall Rd 362, Bloomington, IN 47401 | IN | 2008-08 | $1,571,878 |
| 6 | William Howard Parks Scholarship Tr | 106 N Market St, N Manchester, IN 46962-1517 | IN | 2014-09 | $1,137,283 |
| 7 | E A & Frances Reichart Foundationinc | 3545 W 1100 N, Alexandria, IN 46001-8677 | IN | 2010-09 | $824,903 |
| 8 | White Oak Foundation Inc | 11711 N Meridian Street, Carmel, IN 46032-4534 | IN | 2001-03 | $583,750 |
| 9 | Project Leadership Inc | 118 W 25th St, Marion, IN 46953-3102 | IN | 2011-11 | $372,112 |
| 10 | Walter F Schmidt Trust Uw 520 | PO BOX 540, Terre Haute, IN 47808-0540 | IN | 2003-11 | $333,968 |
| 11 | Bill Mohler Scholarship Foundation Inc | PO BOX 465, Boonville, IN 47601-0465 | IN | 2012-09 | $269,981 |
| 12 | Ruth Glaser Bryan Scholarship Trust, First Merchants Trust Company Ttee | 200 E Jackson St, Muncie, IN 47305-2835 | IN | 2007-07 | $268,160 |
| 13 | The E R Cserpes Memorial Football Scholarship Award Trust | PO BOX 1602, South Bend, IN 46634-1602 | IN | 2014-09 | $237,703 |
| 14 | Decatur Central High School Band Booster Inc | 5251 Kentucky Ave, Indianapolis, IN 46221-3616 | IN | 2011-07 | $197,317 |
| 15 | The Bos Family Foundation | 10420 Mulligan Dr, Wheatfield, IN 46392-7057 | IN | 2007-03 | $181,126 |
| 16 | Dallas Clark Foundation | 3925 River Crossing Pkwy Third Fl, Indianapolis, IN 46240-2279 | IN | 2011-04 | $143,963 |
| 17 | Railroad Township San Pierre Alumni Scholarship Fund Inc | PO BOX 96, San Pierre, IN 46374-0096 | IN | 2012-12 | $142,665 |
| 18 | Tri-State Hot Stove Baseball League Inc | 4610 N Congress Ave, Evansville, IN 47711-3028 | IN | 2005-04 | $135,608 |
| 19 | Grube Family Foundation Inc | 6497 Deerfield Dr, Greenwood, IN 46143-9153 | IN | 2004-05 | $123,758 |
| 20 | South Bend Council 5001 Inc, Radio Wsbl-Fm 98 1 | PO BOX 402, South Bend, IN 46624-0402 | IN | 2002-03 | $103,358 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 23,481 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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