Somerset Elementary School Educational Foundation Inc in Bethesda, Maryland (MD)
Table of contents:
| Somerset Elementary School Educational Foundation Inc | |
| Employer Identification Number (EIN) | 521870978 |
| Name of Organization | Somerset Elementary School Educational Foundation Inc |
| Address | PO BOX 30764, Bethesda, MD 20824-0764 |
| Activities | Other school related activities |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 10/1994 |
| 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 | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $55,735 |
| Amount of Income | $32,812 |
| Form 990 Revenue Amount | $30,451 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Student Services, Organizations of Students |
Non-representatives - add comments:
Amount of income in 2014: $32,812 (it was $32,143 in 2013)
| This organization: | $32,812 |
| Other organizations performing similar types of work: | $131,224 |
Assets in 2014: $55,735 (it was $51,640 in 2013)
| Somerset Elementary School Educational Foundation Inc: | $55,735 |
| Other organizations performing similar types of work: | $127,246 |
Expenses in 2014: $26,356
| Somerset Elementary School Educational Foundation Inc: | $26,356 |
| Other organizations performing similar types of work: | $99,176 |
Income to expenses ratio in 2014: 1.2
| Somerset Elementary School Educational Foundation Inc: | 1.2 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2014: 8.5%
| Somerset Elementary School Educational Foundation Inc: | 8.5% |
| Other organizations performing similar types of work: | 20.6% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $29,782 | $32,143 | $30,451 |
| Contributions, gifts, grants, and similar amounts received | $1,700 | $2,000 | $2,596 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $27,813 | $30,010 | $27,777 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $29,698 | $31,653 | $30,138 |
| Less: direct expenses from gaming and fundraising events | $1,885 | $1,643 | $2,361 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $269 | $133 | $78 |
| Total expenses | $75,355 | $51,458 | $26,356 |
| Total net assets | $70,955 | $51,640 | $55,735 |
| Excess/Deficit for the year | $-45,573 | $-19,315 | $4,095 |
| Net assets or fund balances at beginning of year | $116,528 | $70,955 | $51,640 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $70,955 | $51,640 | $55,735 |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $70,955 | $51,640 | $55,735 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $70,955 | $51,640 | $55,735 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No |
| Were any significant changes made to the organizing or governing documents? | No | 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 | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | 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 | No |
| Total amount involved | $0 | $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 | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No |
| Reason for Public Charity Status (for 2014) | |
| 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 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $159,163 |
| Subtotal | $167,663 |
| Gifts, grants, contributions, and membership fees received | $167,663 |
| 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 | $8,500 |
| 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 | $8,500 |
| Total support | $169,439 |
| Public support | $167,663 |
| Subtotal | $1,776 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,776 |
| 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 | Student Cooperative Association Inc | 319 Pratt Dr, Indiana, PA 15701-2954 | PA | 1937-11 | $14,924,884 |
| 2 | Wichita State University Union Corporation | 1845 Fairmount St Campus Box 56, Wichita, KS 67260-0056 | KS | 1966-03 | $9,038,262 |
| 3 | Student Union Of San Jose State University | 1 Washington Sq, San Jose, CA 95192-1000 | CA | 1982-09 | $8,020,363 |
| 4 | The University Of Virginias College At Wise Foundation Inc | 1 College Ave, Wise, VA 24293-4400 | VA | 1993-03 | $7,863,436 |
| 5 | Washington Interscholastic Activities Association | 435 Main Ave S, Renton, WA 98057-2711 | WA | 1952-12 | $3,921,838 |
| 6 | Student Association At The State University Of Ny At Binghamton, Binghamton | PO BOX 6000, Binghamton, NY 13902-6000 | NY | 1993-04 | $3,656,328 |
| 7 | Pinon Community School Board Inc | PO BOX 159, Pinon, AZ 86510-0159 | AZ | 1989-04 | $3,129,314 |
| 8 | Students Book Corporation | 240q French Administration Bldg, Pullman, WA 99164-0001 | WA | 1954-10 | $3,057,887 |
| 9 | University Union Inc California State University East Bay | 25800 Carlos Bee Blvd Uu314, Hayward, CA 94542-3000 | CA | 1985-06 | $3,042,560 |
| 10 | University Cooperative Housing Association | 500 Landfair Ave, Los Angeles, CA 90024-2104 | CA | 1970-02 | $2,732,343 |
| 11 | Stanley White Foundation Inc | 15 W 6th St, Tulsa, OK 74119-5415 | OK | 1997-07 | $2,641,284 |
| 12 | Technology Student Association | 1914 Association Drive, Reston, VA 20191-1538 | VA | 1980-07 | $2,275,050 |
| 13 | Zeta Psi Educational Foundation | 15 S Henry St, Pearl River, NY 10965-2603 | NY | 1949-03 | $2,209,508 |
| 14 | Maryland All-Star Twisters Inc | 117 Appian Way, Pasadena, MD 21122-2447 | MD | 1998-09 | $95,883 |
| 15 | Ocean City Paramedics Foundation Inc | PO BOX 3099, Ocean City, MD 21843-3099 | MD | 1991-05 | $83,540 |
| 16 | Baltimore Delta Alumnae Foundation Inc | PO BOX 67287, Baltimore, MD 21215-0010 | MD | 1988-04 | $67,991 |
| 17 | Somerset Elementary School Educational Foundation Inc | PO BOX 30764, Bethesda, MD 20824-0764 | MD | 1994-10 | $32,812 |
| 18 | Mcgeehin Educational Foundation Inc | 1375 Piccard Drive, Rockville, MD 20850-4311 | MD | 1998-01 | $7 |
| 19 | Howard County Students Automotive Trade Foundation Inc, A Plus Auto Sales | 10920 Route 108, Ellicott City, MD 21042 | MD | 1996-06 | $0 |
| 20 | Willie James Sydnor Scholarship Fund, Hortert Daniel C Ttee | PO BOX 85, Hurlock, MD 21643-0085 | MD | 1997-10 | $0 |
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