The Michael P Quinn Scholarship Fund Inc in Charlestown, Massachusetts (MA)
Table of contents:
| The Michael P Quinn Scholarship Fund Inc | |
| Employer Identification Number (EIN) | 046223854 |
| Name of Organization | The Michael P Quinn Scholarship Fund Inc |
| In Care of Name | Ronan J Fitzpatrick |
| Address | PO BOX 290216, Charlestown, MA 02129-0204 |
| Subsection | Charitable Organization |
| Ruling Date | 03/2001 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2014 |
| 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 | $171,227 |
| Amount of Income | $45,712 |
| Form 990 Revenue Amount | $45,712 |
| 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: $45,712 (it was $34,916 in 2013)
| This organization: | $45,712 |
| Other organizations performing similar types of work: | $299,534 |
Assets in 2014: $171,227 (it was $148,086 in 2013)
| The Michael P Quinn Scholarship Fund Inc: | $171,227 |
| Other organizations performing similar types of work: | $1,135,383 |
Expenses in 2013: $30,493
| This organization: | $30,493 |
| Other organizations performing similar types of work: | $135,405 |
Income to expenses ratio in 2013: 1.5
| The Michael P Quinn Scholarship Fund Inc: | 1.5 |
| Other organizations performing similar types of work: | 1.8 |
Grants share in income in 2013: 22.3%
| The Michael P Quinn Scholarship Fund Inc: | 22.3% |
| Other organizations performing similar types of work: | 74.1% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $39,702 | $37,221 | $34,916 |
| Contributions, gifts, grants, and similar amounts received | $9,545 | $10,410 | $7,770 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $2,032 | $1,949 | $3,809 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $28,124 | $24,861 | $23,336 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $28,124 | $24,861 | $23,336 |
| Less: direct expenses 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 | $29,397 | $31,460 | $30,493 |
| Total net assets | $151,492 | $157,252 | $148,086 |
| Excess/Deficit for the year | $10,304 | $5,760 | $4,422 |
| Net assets or fund balances at beginning of year | $141,188 | $151,492 | $130,076 |
| Other changes in net assets or fund balances | $0 | $0 | $13,588 |
| Net assets or fund balances at end of year | $157,252 | $175,262 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $151,492 | $157,252 | $148,086 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $151,492 | $157,252 | $148,086 |
| 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: (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 | $179,512 |
| Subtotal | $179,512 |
| Gifts, grants, contributions, and membership fees received | $51,150 |
| 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 | $128,361 |
| 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 | $193,312 |
| Public support | $179,512 |
| Subtotal | $13,799 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $137,993 |
| 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 | Massachusetts Higher Education Assistance Corporation, American Student Assistance | 100 Cambridge St Ste 1600, Boston, MA 02114-2518 | MA | 1958-12 | $369,954,484 |
| 2 | Catholic Schools Foundation Inc | 260 Franklin Street, Boston, MA 02110-3112 | MA | 1984-10 | $38,958,037 |
| 3 | Boston Latin School Association | 27 School St Ste 300, Boston, MA 02108-4303 | MA | 1960-09 | $19,615,462 |
| 4 | Francis Ouimet Scholarship Fund Inc | 300 Arnold Palmer Blvd, Norton, MA 02766-1365 | MA | 1953-11 | $14,154,453 |
| 5 | Worcester State Foundation Inc | 486 Chandler St, Worcester, MA 01602-2861 | MA | 1993-12 | $3,352,666 |
| 6 | W W Wannamaker Citadel Star Of The West Ma | PO BOX 2904, Wilson, NC 27894-2904 | NC | 1953-02 | $2,852,405 |
| 7 | Wellesley Students Aid Society Inc | 106 Central Street, Wellesley, MA 02481-8203 | MA | 1941-02 | $2,698,625 |
| 8 | Robert Ahern Scholarship Trust | WOBURN FOREIGN MOTORS PO BOX 2217, Woburn, MA 01888 | MA | 1985-08 | $1,379,381 |
| 9 | Theta Delta Chi Educational Foundation Inc | 214 Lewis Wharf, Boston, MA 02110-3927 | MA | 1990-01 | $1,046,380 |
| 10 | Teri Financial Services Inc | 31 Saint James Avenue, Boston, MA 02116-4101 | MA | 1995-10 | $90,064 |
| 11 | Top Ladies Of Distinction Inc, Parent | 2914 Southmore Blvd, Houston, TX 77004-7710 | TX | 1974-11 | $557,438 |
| 12 | Demolay Foundation Of Massachusetts | 186 Tremont St, Boston, MA 02111-1014 | MA | 1969-05 | $369,142 |
| 13 | Veterinary Scholarship Trust Of New England | PO BOX 3221, N Attleboro, MA 02761-3221 | MA | 1961-10 | $336,835 |
| 14 | South Dakota Farmers Union Foundation | 1410 Dakota Ave S, Huron, SD 57350-3661 | SD | 2001-10 | $291,539 |
| 15 | Phoenix Preparatory High Schools Inc, Chabad Tuition Organization | 2110 E Lincoln Drive, Phoenix, AZ 85016 | AZ | 1999-06 | $250,496 |
| 16 | Spanish American Institute | PO BOX 92943, Long Beach, CA 90809-2943 | CA | 1926-09 | $207,483 |
| 17 | The Carol Martin Gruodis Memorial Education Fund | C/O Mps Llp - 685 Third Ave, New York, NY 10017 | NY | 2002-05 | $201,819 |
| 18 | Thomas S Gunning Scholarship Foundation | 100 Grossman Drive, Braintree, MA 02184-4949 | MA | 2001-10 | $156,600 |
| 19 | The Michael P Quinn Scholarship Fund Inc | PO BOX 290216, Charlestown, MA 02129-0204 | MA | 2001-03 | $45,712 |
| 20 | Child Educational Organization Inc | 1 Mckinley Sq, Boston, MA 02109-2603 | MA | 2002-05 | $0 |
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