Rotary Foundation Of Prospect- Goshen Inc in Prospect, Kentucky (KY)
Table of contents:
| Rotary Foundation Of Prospect- Goshen Inc | |
| Employer Identification Number (EIN) | 611305198 |
| Name of Organization | Rotary Foundation Of Prospect- Goshen Inc |
| In Care of Name | Philip Bitely |
| Address | PO BOX 215, Prospect, KY 40059-0215 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Other school related activities |
| Subsection | Educational Organization |
| Ruling Date | 10/1996 |
| 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 | 06/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $101,946 |
| Amount of Income | $43,272 |
| Form 990 Revenue Amount | $34,763 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Student Services, Organizations of Students |
Non-representatives - add comments:
Amount of income in 2013: $43,272 (it was $43,957 in 2012)
| Rotary Foundation Of Prospect- Goshen Inc: | $43,272 |
| Other organizations performing similar types of work: | $85,334 |
Assets in 2013: $101,946 (it was $92,744 in 2012)
| Rotary Foundation Of Prospect- Goshen Inc: | $101,946 |
| Other organizations performing similar types of work: | $44,771 |
Expenses in 2013: $28,686
| This organization: | $28,686 |
| Other organizations performing similar types of work: | $64,634 |
Income to expenses ratio in 2013: 1.5
| This organization: | 1.5 |
| Other organizations performing similar types of work: | 0.8 |
Grants share in income in 2013: 25.9%
| This organization: | 25.9% |
| Other organizations performing similar types of work: | 0.0% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $39,876 | $34,661 | $34,763 |
| Contributions, gifts, grants, and similar amounts received | $12,439 | $17,529 | $9,019 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $10,063 | $3,127 | $9,288 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $17,374 | $14,005 | $16,456 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $30,464 | $23,301 | $24,965 |
| Less: direct expenses from gaming and fundraising events | $13,090 | $9,296 | $8,509 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $24,229 | $35,451 | $28,686 |
| Total net assets | $0 | $87,369 | $93,446 |
| Excess/Deficit for the year | $15,647 | $-790 | $6,077 |
| Net assets or fund balances at beginning of year | $-15,647 | $82,784 | $84,244 |
| Other changes in net assets or fund balances | $0 | $5,375 | $3,125 |
| Net assets or fund balances at end of year | $92,744 | $96,571 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $0 | $92,744 | $101,946 |
| Total liabilities | $0 | $5,375 | $8,500 |
| Net assets or fund balances | $0 | $87,369 | $93,446 |
| 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 | $73,267 |
| Subtotal Support | $73,267 |
| Gifts, grants, contributions, and membership fees received | $73,267 |
| 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 | $211,962 |
| Public Support | $73,267 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $10,848 |
| 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 | $127,847 |
| 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 | Dan Ugglas Diamonds In The Rough Foundation Inc | 715 Bakewell St, Covington, KY 41011-1227 | KY | 2011-06 | $62,611 |
| 2 | Rotary Foundation Of Prospect- Goshen Inc | PO BOX 215, Prospect, KY 40059-0215 | KY | 1996-10 | $43,272 |
| 3 | Academy Of Cultural & Historical Excellence Inc | 416 W Muhammad Ali Blvd Ste 201, Louisville, KY 40202 | KY | 2009-12 | $0 |
| 4 | American Student Dental Association | 800rose St Chandler Medical Center, Lexington, KY 40508 | KY | 1971-10 | $0 |
| 5 | American Student Dental Association | 501 South Preston Street Room 234, Louisville, KY 40202 | KY | 1971-10 | $0 |
| 6 | Barren County Alumni Association | 507 Trojan Trail, Glasgow, KY 42141 | KY | 2009-03 | $0 |
| 7 | Bluegrass Gymnastic Boosters Inc | 1240 Gainesway Dr, Lexington, KY 40517-2813 | KY | 1997-10 | $0 |
| 8 | Bowling Green Hs Volley Ball Boosters | PO BOX 65, Bowling Green, KY 42102-0065 | KY | 2014-08 | $0 |
| 9 | Bridge The Divide | 517 S 4th St, Louisville, KY 40202-2503 | KY | 2014-06 | $0 |
| 10 | Cardinal Leadership Institute Inc, Louisville Patriot | University Of Louisville, Louisville, KY 40292-0001 | KY | 2005-03 | $0 |
| 11 | D A R E Of Marshall County Inc | 202 W 5th St, Benton, KY 42025-1100 | KY | 1997-01 | $0 |
| 12 | Fayette County Project Graduation | PO BOX 22174, Lexington, KY 40522-2174 | KY | 1996-10 | $0 |
| 13 | Frog Loggers Inc | 3550 Kenesaw Dr Apt 51, Lexington, KY 40515-5343 | KY | 1999-01 | $0 |
| 14 | Gf Educational Institute | Po Box 5002, Frankfort, KY 40602 | KY | 2012-07 | $0 |
| 15 | Hcysa | 36 Elm Street, Eminence, KY 40019 | KY | 2011-11 | $0 |
| 16 | Kentucky Association Of Student Receivable Officers, Kasro | Rm 18 Funkhouser Building, Lexington, KY 40506 | KY | 2014-10 | $0 |
| 17 | Louisville Lodge 8 Bpoe Scholarship Fund | 2824 Klondike Ln, Louisville, KY 40218-1602 | KY | 2014-07 | $0 |
| 18 | Madison Central Boys Soccer Boosters | 3429 Colonel Rd, Richmond, KY 40475 | KY | 1998-07 | $0 |
| 19 | Phi Eta Sigma National Honor Society Inc | Msu 150 University Blvd Upo 468, Morehead, KY 40351 | KY | 2014-09 | $0 |
| 20 | Town Branch Hope Center Incorporated | Po Box 1831, Prestonsburg, KY 41653 | KY | 1999-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,851 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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