Weston Metco Scholarship Fund Inc in Weston, Massachusetts (MA)

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Weston Metco Scholarship Fund Inc
Employer Identification Number (EIN)042612225
Name of OrganizationWeston Metco Scholarship Fund Inc
Address49 Bay State Rd, Weston, MA 02493-2169
ActivitiesGifts or grants to individuals (other than scholarships)
SubsectionEducational Organization, Charitable Organization
Ruling Date10/2012
DeductibilityContributions are deductible
FoundationOrganization 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
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$127,000
Amount of Income$46,551
Form 990 Revenue Amount$46,551
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Gift Distribution


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Amount of income in 2013: $46,551 (it was $45,756 in 2012)
This organization: 

 $46,551
Other organizations performing similar types of work: 

 $45,310

Assets in 2013: $127,000 (it was $130,859 in 2012)
This organization: 

 $127,000
Other organizations performing similar types of work: 

 $21,083

Expenses in 2013: $50,410
Weston Metco Scholarship Fund Inc: 

 $50,410
Other organizations performing similar types of work: 

 $36,038

Income to expenses ratio in 2013: 0.9
This organization: 

 0.9
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 100.0%
Weston Metco Scholarship Fund Inc: 

 100.0%
Other organizations performing similar types of work: 

 17.4%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200820092010201120122013
Total revenue$48,935$42,573$42,822$53,353$45,756$46,551
Contributions, gifts, grants, and similar amounts received$43,882$41,852$42,743$51,575$45,709$46,530
Program service revenue including government fees and contracts$0$0$0$0$0$0
Membership dues and assessments$0$0$0$0$0$0
Investment income$4,046$721$79$52$47$21
Gain/Loss from sale of assets other than inventory$0$0$0$0$0$0
Net income/loss from gaming and fundraising events$1,007$0$0$1,726$0$0
Gross profit/loss from sales of inventory$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0
Total expenses$56,935$55,987$54,755$45,566$53,450$50,410
Total net assets$156,113$142,699$130,767$138,554$130,859$127,000
Excess/Deficit for the year$-8,001$-13,414$-11,933$7,787$-7,695$-3,859
Net assets or fund balances at beginning of year$164,114$156,113$142,700$130,767$138,554$130,859
Other changes in net assets or fund balances$0$0$0$0$0$0
Net assets or fund balances at end of year$130,859$127,000
Balance Sheets
200820092010201120122013
Total assets$156,113$142,699$130,767$138,554$130,859$127,000
Total liabilities$0$0$0$0$0$0
Net assets or fund balances$156,113$142,699$130,767$138,554$130,859$127,000
Other Information
200820092010201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNoNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0$0$0$0
Gross receipts for public use of club facilities$0$0$0$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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
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 supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$231,815
Subtotal$231,815
Gifts, grants, contributions, and membership fees received$228,409
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$3,406
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$232,735
Public support$231,815
Subtotal$920
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$920
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
IdNameAddressStateEstablishedTotal Income
1Sharp Charitable Tr, Phillip A Sharp Et Al Ttee36 Fairmont Ave, Newton, MA 02458-2506MA2013-05$3,792,306
2Commonwealth Cares Fund Inc29 Sawyer Road, Waltham, MA 02453-3467MA2010-09$565,233
3Brides Across America362 N Main St, Andover, MA 01810-2628MA2012-04$69,568
4Santas Helpers Inc72 Myrtle St, Hanover, MA 02339-2526MA2000-05$63,949
5Weston Metco Scholarship Fund Inc49 Bay State Rd, Weston, MA 02493-2169MA2012-10$46,551
6Santas Magic Inc4 Stonecleave Rd, Boxford, MA 01921-2210MA2009-09$38,321
7Families 4 Christmas Inc823 Pleasant St, Norwood, MA 02062-4629MA2013-12$35,099
8B A M Foundation IncorporatedPO BOX 30185, Acushnet, MA 02743-0185MA2014-02$13,682
9Cancer Free Kids IncPO BOX 584, E Longmeadow, MA 01028-0584MA2010-09$10,235
10Three Kings Association IncPO BOX 2206, Framingham, MA 01703-2206MA2004-02$2,620
11Arlington Childrens Fund AssociationPo Box 750070, Arlington, MA 02475MA2006-01$0
12Backpacks For Kids Foundation10 Annie King Lane, Dover, MA 02030MA2003-01$0
13Be A Sports Inc10 Conihasset Rd, Scituate, MA 02066-1004MA2002-01$0
14Bears Without Borders48a Linnaean St, Cambridge, MA 02138MA2006-08$0
15Christmas Tree Santas Inc85 Lime St, Newburyport, MA 01950MA2011-04$0
16City Of Beverly Dominic Fund Inc3 Salem Rd, Beverly, MA 01915-1017MA1997-10$0
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Number of organizations performing similar types of work
Alaska1
Alabama26
Arkansas14
Arizona42
California206
Colorado41
Connecticut11
District of Columbia8
Delaware9
Florida137
Georgia57
Hawaii5
Iowa19
Idaho12
Illinois62
Indiana39
Kansas14
Kentucky27
Louisiana21
Massachusetts45
Maryland30
Maine12
Michigan58
Minnesota33
Missouri52
Mississippi12
Montana7
North Carolina54
North Dakota4
Nebraska3
New Hampshire12
New Jersey51
New Mexico9
Nevada21
New York106
Ohio80
Oklahoma23
Oregon25
Pennsylvania56
Rhode Island5
South Carolina25
South Dakota1
Tennessee38
Texas163
Utah19
Virginia53
Vermont6
Washington44
Wisconsin36
West Virginia13
Wyoming5
International1
Total1,853

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