Vernon A & Ada L Vesper Educational Trust in Hill City, Kansas (KS)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Other organizations in Kansas
| Vernon A & Ada L Vesper Educational Trust | |
| Employer Identification Number (EIN) | 486121219 |
| Name of Organization | Vernon A & Ada L Vesper Educational Trust |
| In Care of Name | First State Bank |
| Address | PO BOX 369, Hill City, KS 67642-0369 |
| Activities | Scholarships (other), Student loans |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 05/1967 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 10/2012 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $235,592 |
| Amount of Income | $71,902 |
| Form 990 Revenue Amount | $73,524 |
Non-representatives - add comments:
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $71,902 | $2,585 | $2,585 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $2,585 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $69,317 | |||
| Total expenses and disbursements | $53,970 | $0 | $0 | $53,914 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,970 | $0 | $1,914 | |
| Contributions, gifts, grants paid | $52,000 | |||
| Excess of revenue over expenses and disbursements | $17,932 | |||
| Net investment income | $2,585 | |||
| Adjusted net income | $2,585 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $235,592 | $235,592 |
| Cash - non-interest-bearing | $31,379 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $204,213 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $235,592 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $52 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $52 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $223,936 |
| Net value of noncharitable-use assets | $220,580 |
| Minimum investment return | $11,029 |
| Distributable Amount (for 2012) | |
| Distributable amount | $79,096 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $79,096 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Other organizations in Kansas | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Valley View United Methodist Pre-School Inc | 8412 W 95th St, Overland Park, KS 66212-3241 | KS | 1974-10 | $235,620 |
| 2 | Van Blarcom Foundation | 6834 Linden St, Prairie Vlg, KS 66208-1426 | KS | 1999-03 | $34 |
| 3 | Van Swaay Charitable Foundation, Van Swaay Maarten Ttee | 12216 Dearborn St, Overland Park, KS 66209-1506 | KS | 1997-05 | $5,310 |
| 4 | Toca Fc Inc | PO BOX 4306, Olathe, KS 66063-4306 | KS | 2008-12 | $385,396 |
| 5 | Variety Of Greater Kansas City Tent 8 | PO BOX 3446, Shawnee, KS 66203-0446 | KS | 2005-01 | $851,469 |
| 6 | Vaughn-Trent Community Services Inc | PO BOX 75, Bonner Spgs, KS 66012-0075 | KS | 1989-01 | $116,115 |
| 7 | Verdigris Valley Community Foundation Inc | Po Box 703, Madison, KS 66860 | KS | 2003-11 | $9,385 |
| 8 | Veritas Christian School | 256 N Michigan St, Lawrence, KS 66044-1035 | KS | 1979-05 | $1,200,365 |
| 9 | Verla Nesbitt Joscelyn Foundation | PO BOX 975, Salina, KS 67402-0975 | KS | 1970-06 | $1,874,941 |
| 10 | Verle E & Lora M Soice Scholarship Trust, Davis Bobie L Ttee | PO BOX 158, Montezuma, KS 67867-0158 | KS | 2001-03 | $340 |
| 11 | Vernon A & Ada L Vesper Educational Trust | PO BOX 369, Hill City, KS 67642-0369 | KS | 1967-05 | $71,902 |
| 12 | Vernon Multipurpose Center | PO BOX 4268, Kansas City, KS 66104-0268 | KS | 1986-08 | $17,756 |
| 13 | Verona Gardens Homes Association | 4200 Somerset Dr, Prairie Vlg, KS 66208-5217 | KS | 1976-07 | $144,125 |
| 14 | Verona Hills Homes Association | 4200 Somerset Dr Ste 216, Prairie Vlg, KS 66208-5250 | KS | 1968-03 | $117,994 |
| 15 | Veronicas Voice Inc | PO BOX 172472, Kansas City, KS 66117-1472 | KS | 2007-03 | $126,924 |
| 16 | Veterans Of Foreign Wars Of The United States Dept Of Kansas, 0056 George Edward White | 519 Cherokee St, Leavenworth, KS 66048 | KS | 1997-09 | $117,050 |
| 17 | Veterans Of Foreign Wars Of The United States Dept Of Kansas, 0408 Baxter Springs | PO BOX 674, Baxter Spgs, KS 66713-0674 | KS | 1965-07 | $175,237 |
| 18 | Veterans Of Foreign Wars Of The United States Dept Of Kansas, 1133 Lowell Coleman | PO BOX 477, Goodland, KS 67735-0477 | KS | 1966-08 | $200,868 |
| 19 | Veterans Of Foreign Wars Of The United States Dept Of Kansas, 1141 Kingsbury-Chase | 315 W Kansas Ave, Smith Center, KS 66967-1916 | KS | 1946-03 | $106,149 |
| 20 | Veterans Of Foreign Wars Of The United States Dept Of Kansas | Po Box 288, Basehor, KS 66007 | KS | 1946-03 | $30,125 |
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