Choice Foundation Endowment Fund in New Orleans, Louisiana (LA)
Table of contents:
| Choice Foundation Endowment Fund | |
| Employer Identification Number (EIN) | 270149835 |
| Name of Organization | Choice Foundation Endowment Fund |
| In Care of Name | James M Huger |
| Address | 1010 Common St Ste 2950, New Orleans, LA 70112-2422 |
| Subsection | Educational Organization |
| Ruling Date | 06/2010 |
| 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 | $229,748 |
| Amount of Income | $30,789 |
| Form 990 Revenue Amount | $29,289 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2013: $30,789 (it was $34,967 in 2012)
| This organization: | $30,789 |
| Other organizations performing similar types of work: | $86,203 |
Assets in 2013: $229,748 (it was $191,927 in 2012)
| This organization: | $229,748 |
| Other organizations performing similar types of work: | $53,182 |
Expenses in 2013: $0
| Choice Foundation Endowment Fund: | $0 |
| Other organizations performing similar types of work: | $53,420 |
Grants share in income in 2013: 43.3%
| Choice Foundation Endowment Fund: | 43.3% |
| Other organizations performing similar types of work: | 12.0% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $2,248 | $28,804 | $29,289 |
| Contributions, gifts, grants, and similar amounts received | $0 | $16,911 | $12,684 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $4,668 | $4,013 | $5,164 |
| Gain/Loss from sale of assets other than inventory | $-2,420 | $7,880 | $11,441 |
| Gross amount from sale of assets other than inventory | $56,482 | $14,043 | $12,941 |
| Less: cost or other basis and sales expenses | $58,902 | $6,163 | $1,500 |
| 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 | $9,856 | $0 | $0 |
| Total net assets | $173,834 | $191,927 | $229,748 |
| Excess/Deficit for the year | $-7,608 | $28,804 | $29,289 |
| Net assets or fund balances at beginning of year | $155,726 | $173,834 | $191,927 |
| Other changes in net assets or fund balances | $25,716 | $-10,711 | $8,532 |
| Net assets or fund balances at end of year | $191,927 | $229,748 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $173,834 | $191,927 | $229,748 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $173,834 | $191,927 | $229,748 |
| 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 | $30,655 |
| Subtotal Support | $181,774 |
| Gifts, grants, contributions, and membership fees received | $181,774 |
| 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 | $151,119 |
| Total Support | $202,038 |
| Public Support | $181,774 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $20,264 |
| 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 | Western Carolina University Research & Development Corporation | Hfr Administration Bldg Ste 312, Cullowhee, NC 28723 | NC | 2002-08 | $3,575,122 |
| 2 | Home Run Projects Inc | 333 East 100th Street, New York, NY 10029 | NY | 2013-08 | $18,385,919 |
| 3 | Peterson Family Foundation Ii Inc | 12500 Fair Lakes Circle, Fairfax, VA 22033-3804 | VA | 2008-04 | $7,583,492 |
| 4 | Sme Education Foundation | 1 Sme Dr, Dearborn, MI 48128-2408 | MI | 1987-10 | $5,460,172 |
| 5 | Transylvania Vocational Services Inc | PO BOX 1115, Brevard, NC 28712-1115 | NC | 1980-07 | $5,088,669 |
| 6 | Friends Of Chester Community Charter School | 302 E 5th St, Chester, PA 19013-4509 | PA | 2010-08 | $4,296,415 |
| 7 | Osteopathic Medical Education Consortium Of Oklahoma Inc | 1111 West 17th Street, Tulsa, OK 74107-1886 | OK | 2012-04 | $2,734,711 |
| 8 | South St Paul Educational Foundation | 521 Marie Ave, South St Paul, MN 55075-2038 | MN | 1984-10 | $1,877,806 |
| 9 | James Megellas Foundation Inc | 501 E Arizona Avenue, Buckeye, AZ 85326 | AZ | 2012-03 | $1,740,473 |
| 10 | Marketing Education Retail Alliance Inc | PO BOX 44034, Baton Rouge, LA 70804-4034 | LA | 2002-03 | $669,304 |
| 11 | Hammond High School Football Boosters Club Inc | 45168 River Rd, Hammond, LA 70401-4222 | LA | 2008-06 | $159,721 |
| 12 | West Monroe High School Foundation | 104 Regency Pl, West Monroe, LA 71291-4452 | LA | 2009-09 | $84,087 |
| 13 | Choice Foundation Endowment Fund | 1010 Common St Ste 2950, New Orleans, LA 70112-2422 | LA | 2010-06 | $30,789 |
| 14 | Fair Park High School Alumniassociation Inc | PO BOX 18525, Shreveport, LA 71138-1525 | LA | 2007-09 | $5,585 |
| 15 | E P Sports Foundation Inc | 10604 Coursey Blvd, Baton Rouge, LA 70816 | LA | 2010-01 | $3,885 |
| 16 | Dream Bigger Foundation | 1132 E Fabian St, Gonzales, LA 70737-4510 | LA | 2009-04 | $0 |
| 17 | Friends Of St Gabriel Public Schools Inc | 6811 Jefferson Hwy, Baton Rouge, LA 70806 | LA | 2006-09 | $0 |
| 18 | Great Cities Universities Foundation | 2021 Lakeshore Dr Ste 307, New Orleans, LA 70122-3553 | LA | 2000-05 | $0 |
| 19 | Paul L Miers Jr Scholarship Fund Inc | 101 Farmington, Lafayette, LA 70503 | LA | 2005-07 | $0 |
| 20 | Pecaniere Trailriders Inc | 474 Moreau Road, Arnaudville, LA 70512 | LA | 2006-02 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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