Lott Enterprises Of Maryland Scholarship Foundation Inc in Lexington Pk, Maryland (MD)
Table of contents:
Lott Enterprises Of Maryland Scholarship Foundation Inc | |
Employer Identification Number (EIN) | 800535778 |
Name of Organization | Lott Enterprises Of Maryland Scholarship Foundation Inc |
In Care of Name | Dorothy Waters |
Address | PO BOX 1591, Lexington Pk, MD 20653-7291 |
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 | 06/2014 |
Assets | $100,000 to $499,999 |
Income | $1 to $9,999 |
Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
Asset Amount | $199,014 |
Amount of Income | $4,227 |
Form 990 Revenue Amount | $4,227 |
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: $4,227 (it was $4,712 in 2013)
This organization: | $4,227 |
Other organizations performing similar types of work: | $41,680 |
Assets in 2014: $199,014 (it was $199,346 in 2013)
Lott Enterprises Of Maryland Scholarship Foundation Inc: | $199,014 |
Other organizations performing similar types of work: | $65,579 |
Expenses in 2013: $5,488
Lott Enterprises Of Maryland Scholarship Foundation Inc: | $5,488 |
Other organizations performing similar types of work: | $24,470 |
Income to expenses ratio in 2013: 0.8
This organization: | 0.8 |
Other organizations performing similar types of work: | 0.5 |
Grants share in income in 2013: 0.0%
Lott Enterprises Of Maryland Scholarship Foundation Inc: | 0.0% |
Other organizations performing similar types of work: | 9.0% |
Support schedule
Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total revenue | $5,183 | $4,712 | |
Contributions, gifts, grants, and similar amounts received | $5,183 | $0 | |
Program service revenue including government fees and contracts | $0 | $0 | |
Membership dues and assessments | $0 | $0 | |
Investment income | $0 | $4,712 | |
Gain/Loss from sale of assets other than inventory | $0 | $0 | |
Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
Gross profit/loss from sales of inventory | $0 | $0 | |
Other revenue | $0 | $0 | |
Total expenses | $4,625 | $5,488 | |
Total net assets | $258 | $199,346 | |
Excess/Deficit for the year | $558 | $-776 | |
Net assets or fund balances at beginning of year | $-300 | $200,122 | |
Other changes in net assets or fund balances | $0 | $0 | |
Net assets or fund balances at end of year | $199,346 |
Balance Sheets | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total assets | $258 | $200,122 | $199,346 |
Total liabilities | $0 | $0 | $0 |
Net assets or fund balances | $258 | $199,346 |
Other Information | |||
2011 | 2012 | 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 | 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 | 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 | $112,076 |
Subtotal | $112,076 |
Gifts, grants, contributions, and membership fees received | $112,076 |
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 | $0 |
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 | $150,847 |
Public support | $112,076 |
Subtotal | $38,771 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $38,771 |
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 | 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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