B Tate Hibschman Memorial Scholarship Fund Inc in Abingdon, Maryland (MD)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
B Tate Hibschman Memorial Scholarship Fund Inc | |
Employer Identification Number (EIN) | 522100189 |
Name of Organization | B Tate Hibschman Memorial Scholarship Fund Inc |
In Care of Name | James D Burgess |
Address | 3006 Cascade Dr, Abingdon, MD 21009-2821 |
Subsection | Charitable Organization |
Ruling Date | 03/1999 |
Deductibility | Contributions are deductible |
Foundation | Private non-operating foundation |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2010 |
Assets | $10,000 to $24,999 |
Income | $1 to $9,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $16,982 |
Amount of Income | $517 |
Form 990 Revenue Amount | $517 |
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 2010: $517 (it was $523 in 2009)
B Tate Hibschman Memorial Scholarship Fund Inc: | $517 |
Other organizations performing similar types of work: | $41,680 |
Assets in 2010: $16,982 (it was $17,472 in 2009)
B Tate Hibschman Memorial Scholarship Fund Inc: | $16,982 |
Other organizations performing similar types of work: | $65,579 |
Expenses in 2010: $1,007
This organization: | $1,007 |
Other organizations performing similar types of work: | $24,470 |
Income to expenses ratio in 2010: 0.5
This organization: | 0.5 |
Other organizations performing similar types of work: | 0.5 |
Grants share in income in 2010: 96.7%
This organization: | 96.7% |
Other organizations performing similar types of work: | 9.0% |
Revenue for 2010
Expenses for 2010
Analysis of Revenue and Expenses (for 2010) | ||||
Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
---|---|---|---|---|
Total revenue | $517 | $17 | $0 | |
Contributions, gifts, grants, etc., received | $500 | |||
Interest on savings and temporary cash investments | $17 | |||
Dividends and interest from securities | $0 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $0 | |||
Total expenses and disbursements | $1,007 | $0 | $0 | $1,000 |
Compensation of officers, directors, trustees, etc. | $0 | |||
Total operating and administrative expenses | $7 | $0 | $0 | |
Contributions, gifts, grants paid | $1,000 | |||
Excess of revenue over expenses and disbursements | $-490 | |||
Net investment income | $17 | |||
Adjusted net income | $0 |
Balance Sheets (for 2010) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $16,982 | $16,982 |
Cash - non-interest-bearing | $0 | |
Investments-U.S. and state government obligations | $0 | |
Investments-corporate stock | $0 | |
Investments-corporate bonds | $0 | |
Investments-mortgage loans | $0 | |
Investments-other | $0 | |
Other | $16,982 | |
Total liabilities | $0 | |
Total liabilities and net assets/fund balances | $16,982 |
Capital Gains and Losses for Tax on Investment Income (for 2010) | |
Capital gain net income | $0 |
Net capital loss | $0 |
Excise Tax Based on Investment Income (for 2010) | |
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
Tax based on investment income | $0 |
Total credits and payments | $0 |
Any penalty for underpayment of estimated tax | $0 |
Tax due | $0 |
Amount to be credited to 2011 estimated tax | $0 |
Statements Regarding Activities (for 2010) | |
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010? | No |
Statements Regarding Activities for Which Form 4720 May Be Required (for 2010) | |
During the year did the foundation (either directly or indirectly): | |
Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
Agree to pay money or property to a government official? | No |
At the end of tax year 2010, did the foundation have any undistributed income for tax year(s) beginning before 2010? | No |
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
During the year did the foundation pay or incur any amount to: | |
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
Provide a grant to an individual for travel, study, or other similar purposes? | Yes |
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
Minimum Investment Return (for 2010) | |
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $17,144 |
Net value of noncharitable-use assets | $16,880 |
Minimum investment return | $844 |
Distributable Amount (for 2010) | |
Distributable amount | $844 |
Undistributed Income (for 2010) | |
Distributable amount for 2010 | $844 |
Undistributed income for 2010. This amount must be distributed in 2011 | $0 |
Private Operating Foundations (for 2010) | |||||
2010 | 2009 | 2008 | 2007 | Total | |
---|---|---|---|---|---|
The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
Value of all assets | $0 | $0 | $0 | $0 | $0 |
Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
Gross investment income | $0 | $0 | $0 | $0 | $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 | Hardy Lane Foundation Inc | 6000 Executive Blvd Ste 600, N Bethesda, MD 20852-3818 | MD | 2012-02 | $8,856,418 |
5 | American Holistic Veterinary Medical Association Foundation | P O Box 630, Abingdon, MD 21009 | MD | 2008-12 | $759,808 |
6 | Digital Harbor Foundation Inc | 1045 Light St, Baltimore, MD 21230-4017 | MD | 2013-02 | $719,157 |
7 | Archangel Scholarship Foundation | Po Box 259 16560 Three Notch Road, Ridge, MD 20680 | MD | 2010-11 | $369,133 |
8 | Society For Financial Education & Professional Development | 700 Loch Ness Cir, Ft Washington, MD 20744-7019 | MD | 1998-12 | $292,005 |
9 | Yeardley Reynolds Love Foundation Inc | 1507 Ivy Hill Rd, Cockeysville, MD 21030-1417 | MD | 2010-07 | $236,363 |
10 | National Jewish Fun For Legal Education | 6025 Berkeley Ave, Baltimore, MD 21209-4013 | MD | 2014-07 | $200,000 |
11 | Siena Foundation | 19 Grafton St, Chevy Chase, MD 20815-3427 | MD | 2009-02 | $168,125 |
12 | Congressional Term Limits Foundation Inc | 890 Airport Park Rd Ste 100, Glen Burnie, MD 21061-2561 | MD | 2014-09 | $150,100 |
13 | Sikh Human Development Foundation Inc | 15129 Winesap Dr, North Potomac, MD 20878-2337 | MD | 1999-07 | $149,682 |
14 | Patricia Rogers Educationalfoundation | 1000 Solomon Frazier Ct, St Leonard, MD 20685-2921 | MD | 2009-03 | $137,870 |
15 | Saint Joseph College Alumnae Association Inc | PO BOX 1149, Emmitsburg, MD 21727-1149 | MD | 2005-09 | $132,064 |
16 | Aberdeen Rotary Club Charities Inc | PO BOX 422, Aberdeen, MD 21001-0422 | MD | 2005-06 | $122,082 |
17 | R Bruce Thompson Charitable Foundation Inc | PO BOX 61513, Potomac, MD 20859-1513 | MD | 2013-06 | $118,008 |
18 | Marine Corps Aviation Association John Glenn Squadron Foundation Inc | 22401 Cedar Point Building 102, Patuxent River, MD 20670-1186 | MD | 2014-09 | $112,332 |
19 | United Association Scholarship Tr, Hite William P Ttee | Three Park Place, Annapolis, MD 21401-3687 | MD | 2006-06 | $104,687 |
20 | Educate Lanka Foundation Inc | 12728 Middlevale Ln, Silver Spring, MD 20906-3339 | MD | 2013-01 | $102,275 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 23,481 |
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