Jeffrey S Parola Foundation, Dexter Regional Federal C U in Dovr Foxcroft, Maine (ME)
Table of contents:
| Jeffrey S Parola Foundation, Dexter Regional Federal C U | |
| Employer Identification Number (EIN) | 010493859 |
| Name of Organization | Jeffrey S Parola Foundation |
| Secondary Name | Dexter Regional Federal C U |
| Address | 816 Bangor Rd, Dovr Foxcroft, ME 04426-3232 |
| Activities | Scholarships (other) |
| Subsection | Educational Organization |
| Ruling Date | 12/1997 |
| 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 | 12/2012 |
| 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 | $164,441 |
| Amount of Income | $27,786 |
| Form 990 Revenue Amount | $11,321 |
| 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 2012: $27,786 (it was $24,712 in 2011)
| Jeffrey S Parola Foundation, Dexter Regional Federal C U: | $27,786 |
| Other organizations performing similar types of work: | $72,336 |
Assets in 2012: $164,441 (it was $154,925 in 2011)
| Jeffrey S Parola Foundation, Dexter Regional Federal C U: | $164,441 |
| Other organizations performing similar types of work: | $239,394 |
Expenses in 2012: $13,613
| This organization: | $13,613 |
| Other organizations performing similar types of work: | $40,888 |
Income to expenses ratio in 2012: 2.0
| This organization: | 2.0 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2012: 52.8%
| This organization: | 52.8% |
| Other organizations performing similar types of work: | 0.1% |
Revenue for 2012
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012) | |
| Total revenue | $11,321 |
| Contributions, gifts, grants, and similar amounts received | $5,975 |
| Program service revenue including government fees and contracts | $0 |
| Membership dues and assessments | $0 |
| Investment income | $6,573 |
| Loss from sale of assets other than inventory | $-1,332 |
| Gross amount from sale of assets other than inventory | $15,133 |
| Less: cost or other basis and sales expenses | $16,465 |
| Net income from gaming and fundraising events | $0 |
| Gross profit from sales of inventory | $0 |
| Other revenue | $105 |
| Total expenses | $13,613 |
| Total net assets | $164,441 |
| Deficit for the year | $-2,292 |
| Net assets or fund balances at beginning of year | $154,925 |
| Other changes in net assets or fund balances | $11,808 |
| Balance Sheets (for 2012) | |
| Total assets | $164,441 |
| Total liabilities | $0 |
| Net assets or fund balances | $164,441 |
| Other Information (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Reason for Public Charity Status (for 2012) | |
| 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 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total support | $131,799 |
| Gifts, grants, contributions, and membership fees received | $36,788 |
| 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 | $65,929 |
| 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 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $29,082 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Sylvester H Reed Memorial Trust | PO BOX 1111, Pflugerville, TX 78691-1111 | TX | 1998-01 | $1,242,927 |
| 2 | Terry Foundation | 3104 Edloe, Houston, TX 77027-6098 | TX | 1997-07 | $305,792,014 |
| 3 | Louis L Borick Foundation | 2707 Kipling St, Houston, TX 77098-1214 | TX | 1997-07 | $86,100,330 |
| 4 | Wichita Center For Graduate Medical Education Inc | 1010 N Kansas St, Wichita, KS 67214-3124 | KS | 1990-08 | $23,498,748 |
| 5 | Thurgood Marshall College Fund Inc | 901 F St Nw Ste 300, Washington, DC 20004-1481 | DC | 1993-12 | $20,267,823 |
| 6 | Island Institute | PO BOX 648, Rockland, ME 04841-0648 | ME | 1987-04 | $9,012,202 |
| 7 | Maine Education Services, Mes | 131 Presumpscot St, Portland, ME 04103-5201 | ME | 1992-06 | $3,582,523 |
| 8 | General E R Quesda Educational Foundation, Quesada Peter W Ttee | PO BOX 7525, Portland, ME 04112-7525 | ME | 1995-01 | $2,183,767 |
| 9 | Morse High School Scholarship Fund | PO BOX 1030, Bath, ME 04530-1030 | ME | 1965-04 | $1,043,581 |
| 10 | Boothbay Region Student Aid Fund Inc | PO BOX 293, Boothbay Hbr, ME 04538-0293 | ME | 1964-11 | $416,127 |
| 11 | W Scott Reid Scholarship Fund | 80 Caron Ln, Auburn, ME 04210-4289 | ME | 1998-04 | $347,290 |
| 12 | Statewide Association Of Fostering Enterprises | PO BOX 96, China, ME 04358-0096 | ME | 1994-03 | $121,607 |
| 13 | Bridgton High School Scholarship Foundation | PO BOX 269, Bridgton, ME 04009-0269 | ME | 1974-05 | $64,463 |
| 14 | Bath Rotary Club Charitable Trust | Po Box 313, Bath, ME 04530 | ME | 1994-05 | $57,327 |
| 15 | Maine Veterinary Education Foundation | 97a Exchange St, Portland, ME 04101-5016 | ME | 1998-11 | $32,835 |
| 16 | Jeffrey S Parola Foundation, Dexter Regional Federal C U | 816 Bangor Rd, Dovr Foxcroft, ME 04426-3232 | ME | 1997-12 | $27,786 |
| 17 | Gorham Womans Club Scholarship Tr | Po Box 4, Gorham, ME 04038-0004 | ME | 1996-02 | $0 |
| 18 | John L Martin Scholarship Fund Inc | 2002 Aroostook Road, Wallagrass, ME 04781 | ME | 1992-01 | $0 |
| 19 | Maine Education Council For Aviation Aerospace | 118 High St, Brooklin, ME 04616-3130 | ME | 1995-05 | $0 |
| 20 | The@scott Croteau Scholarship Foundation | PO BOX 7230, Lewiston, ME 04243-7230 | ME | 1997-07 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,412 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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