Realtor Scholarship Fund in Farmingtn Hls, Michigan (MI)

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Realtor Scholarship Fund
Employer Identification Number (EIN)382549359
Name of OrganizationRealtor Scholarship Fund
Address24125 Drake Rd, Farmingtn Hls, MI 48335-3108
ActivitiesScholarships (other)
SubsectionCharitable Organization
Ruling Date11/1984
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$500,000 to $999,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$893,460
Amount of Income$186,936
Form 990 Revenue Amount$105,207


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Financial snapshot ($)

Revenue for 2012

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$105,207
Contributions, Gifts, Grants and Other Similar Amounts$2,682
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$38,494
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$2,880
Gross amount from sales of assets other than inventory (Securities / Other)$84,609 / $0
Less: cost or other basis and sales expenses (Securities / Other)$81,729 / $0
Gain or (loss) (Securities / Other)$2,880 / $0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$61,151
Statement of Functional Expenses (for 2012)
Total functional expenses$35,365
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$35,365
Balance Sheet (for 2012)
Total assets$893,460
Total liabilities$0
Total net assets or fund balances$893,460
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012)
2008 - 2012 Total
Total Support$321,863
Gifts, grants, contributions, and membership fees received$83,260
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$238,603
Gross receipts from related activities, etc.$38,494
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