Carl Frusha Foundation Inc in Brookhaven, Mississippi (MS)
Table of contents:
| Carl Frusha Foundation Inc | |
| Employer Identification Number (EIN) | 205269227 |
| Name of Organization | Carl Frusha Foundation Inc |
| In Care of Name | Paul Phillips |
| Address | 401 Ellen Dr, Brookhaven, MS 39601-4043 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 11/2006 |
| 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 | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $8,895 |
| Amount of Income | $4,182 |
| Form 990 Revenue Amount | $4,182 |
| 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: $4,182 (it was $6,613 in 2013)
| This organization: | $4,182 |
| Other organizations performing similar types of work: | $41,680 |
Assets in 2014: $8,895 (it was $10,328 in 2013)
| Carl Frusha Foundation Inc: | $8,895 |
| Other organizations performing similar types of work: | $65,579 |
Expenses in 2013: $6,450
| Carl Frusha Foundation Inc: | $6,450 |
| Other organizations performing similar types of work: | $24,470 |
Income to expenses ratio in 2013: 0.6
| Carl Frusha Foundation Inc: | 0.6 |
| Other organizations performing similar types of work: | 0.5 |
Grants share in income in 2013: 98.5%
| Carl Frusha Foundation Inc: | 98.5% |
| Other organizations performing similar types of work: | 9.0% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2011 | 2013 | |
|---|---|---|
| Total revenue | $12,699 | $6,613 |
| Contributions, gifts, grants, and similar amounts received | $12,677 | $6,514 |
| Program service revenue including government fees and contracts | $0 | $0 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $22 | $14 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $85 |
| Gross income from gaming | $0 | $0 |
| Gross income from fundraising events | $0 | $85 |
| Less: direct expenses from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $0 | $0 |
| Total expenses | $10,901 | $6,450 |
| Total net assets | $12,500 | $10,328 |
| Excess/Deficit for the year | $1,798 | $163 |
| Net assets or fund balances at beginning of year | $10,702 | $10,165 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $10,328 | |
| Balance Sheets | ||
| 2011 | 2013 | |
|---|---|---|
| Total assets | $12,500 | $10,328 |
| Total liabilities | $0 | $0 |
| Net assets or fund balances | $12,500 | $10,328 |
| Other Information | ||
| 2011 | 2013 | |
|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | |
| Were any significant changes made to the organizing or governing documents? | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No |
| Has the organization filed a Form 990-T for the year? | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | |
| Amount of political expenditures, direct or indirect | $0 | |
| Did the organization file Form 1120-POL for this year? | 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 | |
| Total amount involved | $0 | |
| Initiation fees and capital contributions | $0 | $0 |
| Gross receipts for public use of club facilities | $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 | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $47,467 |
| Subtotal | $47,467 |
| Gifts, grants, contributions, and membership fees received | $47,382 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $85 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| 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 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $47,622 |
| Public support | $47,467 |
| Subtotal | $155 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $155 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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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 | Tri-State Educational Foundation | PO BOX 1083, Iuka, MS 38852-6083 | MS | 1999-07 | $6,401,967 |
| 5 | The Steve Azar St Cecilia Foundation | Po Box 4613, Greenville, MS 38704 | MS | 2006-12 | $307,953 |
| 6 | Payton Family Foundation Inc | PO BOX 576, Jackson, MS 39205-0576 | MS | 2012-06 | $192,585 |
| 7 | Douglas And Frances Lanier Foundation Inc | 10866 Waterside Dr, Gulfport, MS 39503-6019 | MS | 2013-02 | $142,000 |
| 8 | Tommy Ramey Foundation Inc | 3100 N State St, Jackson, MS 39216-4003 | MS | 2003-04 | $135,109 |
| 9 | Gulf Region Intelligent Transportation Society, Gulf Region Its Grits | PO BOX 16907, Jackson, MS 39236-6907 | MS | 2014-09 | $127,834 |
| 10 | Community Friends Of Ics Foundation Inc | PO BOX 5711, Holly Springs, MS 38634-5711 | MS | 2010-07 | $119,969 |
| 11 | Community Solutions Of Mississippi Inc | 302 Colonial Drive, Madison, MS 39110 | MS | 2005-06 | $65,968 |
| 12 | Washington County Scholarship Classic Inc | 353 W Reed Rd, Greenville, MS 38701-6967 | MS | 2005-06 | $55,116 |
| 13 | Lincoln County Mississippi Scholars Inc | 230 S Whitworth Ave, Brookhaven, MS 39601-3343 | MS | 2014-01 | $53,100 |
| 14 | St Anthony Scholarship Foundation | PO BOX 1458, Oxford, MS 38655-1458 | MS | 2009-02 | $36,456 |
| 15 | The Do You Know Foundation Of Mississippi | P O Box 4249, Laurel, MS 39441 | MS | 1999-10 | $12,800 |
| 16 | Mary S Nelums Foundation | P O Box 12385, Jackson, MS 39236 | MS | 2008-02 | $7,005 |
| 17 | Unity Festival | 1903 31st Avenue, Gulfport, MS 39507 | MS | 2012-02 | $6,902 |
| 18 | Delta Mu Alumni Association Of Pi Kappa Alpha Fraternity | PO BOX 25, Hattiesburg, MS 39402-0025 | MS | 2012-12 | $4,530 |
| 19 | Jack Case Scholarship Fund | 401 Annabrook St, Brookhaven, MS 39601-3756 | MS | 2011-09 | $3,116 |
| 20 | Willie Earl Jones Memorial Scholarship Fund | 911 25th St, Mccomb, MS 39648-5326 | MS | 2012-09 | $2,350 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 23,481 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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