National Black Mba Association Twin Cities Chapter Inc in Minneapolis, Minnesota (MN)
Table of contents:
| National Black Mba Association Twin Cities Chapter Inc | |
| Employer Identification Number (EIN) | 411722114 |
| Name of Organization | National Black Mba Association Twin Cities Chapter Inc |
| In Care of Name | Robert Ngwu |
| Address | 2915 Wayzata Blvd, Minneapolis, MN 55405 |
| Website | http://www.nbmbaatc.org |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 10/1995 |
| 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 | 2010 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $26,990 |
| Amount of Income | $98,055 |
| Form 990 Revenue Amount | $98,055 |
| 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: $98,055 (it was $98,055 in 2011)
| National Black Mba Association Twin Cities Chapter Inc: | $98,055 |
| Other organizations performing similar types of work: | $72,336 |
Assets in 2010: $26,990 (it was $26,990 in 2011)
| This organization: | $26,990 |
| Other organizations performing similar types of work: | $239,394 |
Expenses in 2011: $112,521
| National Black Mba Association Twin Cities Chapter Inc: | $112,521 |
| Other organizations performing similar types of work: | $40,888 |
Income to expenses ratio in 2011: 0.9
| National Black Mba Association Twin Cities Chapter Inc: | 0.9 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2011: 93.0%
| This organization: | 93.0% |
| Other organizations performing similar types of work: | 0.1% |
Revenue for 2011
| Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011) | |
| Total revenue | $98,055 |
| Contributions, gifts, grants, and similar amounts received | $91,200 |
| Program service revenue including government fees and contracts | $0 |
| Membership dues and assessments | $4,425 |
| Investment income | $0 |
| Gain from sale of assets other than inventory | $0 |
| Net income from gaming and fundraising events | $0 |
| Gross profit from sales of inventory | $0 |
| Other revenue | $2,430 |
| Total expenses | $112,521 |
| Total net assets | $24,990 |
| Deficit for the year | $-14,466 |
| Net assets or fund balances at beginning of year | $39,456 |
| Other changes in net assets or fund balances | $0 |
| Balance Sheets (for 2011) | |
| Total assets | $26,990 |
| Total liabilities | $2,000 |
| Net assets or fund balances | $24,990 |
| Other Information (for 2011) | |
| 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 2011) | |
| 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 2011) | |
| 2007 - 2011 Total | |
|---|---|
| Total support | $91,200 |
| Gifts, grants, contributions, and membership fees received | $91,200 |
| 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 |
| 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 | $0 |
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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 | The W R Hotchkiss Foundation | PO BOX 64235, Saint Paul, MN 55164-0235 | MN | 1962-06 | $2,648,705 |
| 3 | Scholarship America Inc, Beaver Dam Scholarship Foundation I | 1 Scholarship Way, St Peter, MN 56082-1693 | MN | $1,387,429 | |
| 4 | Warren Alvarado Oslo Public School Education Foundation | 224 E Bridge Ave, Warren, MN 56762-1533 | MN | 1993-01 | $235,281 |
| 5 | National Black Mba Association Twin Cities Chapter Inc | 2915 Wayzata Blvd, Minneapolis, MN 55405 | MN | 1995-10 | $98,055 |
| 6 | Vincent L Hawkinson Foundation | 324 Harvard St Se, Minneapolis, MN 55414 | MN | 1990-11 | $81,377 |
| 7 | Saint Paul Central Scholarship Fund | 1252 Como Blvd E, Saint Paul, MN 55117-4009 | MN | 1995-01 | $55,741 |
| 8 | Sister Joseph Endowment Fund For Nursing Education Saint Marys Hosp | PO BOX 64713, Saint Paul, MN 55164-0713 | MN | 1971-01 | $48,569 |
| 9 | Shakopee Rotary Scholarship Foundation | PO BOX 511, Shakopee, MN 55379-0511 | MN | 1992-06 | $25,266 |
| 10 | The Grand Lodge Of Minnesota I O O F Foundation | PO BOX 7415, Hutchinson, MN 55350-7415 | MN | 1995-11 | $12,490 |
| 11 | Shelly Dorgan Memorial Scholarship Fund | 4504 Gilford Dr, Minneapolis, MN 55435-4043 | MN | 1995-11 | $2,500 |
| 12 | Veronica And Alphons M Busch Scholarship Foundation | 505 Holmes St S, Shakopee, MN 55379-1344 | MN | 1998-07 | $2,237 |
| 13 | Stephan Larson Wolf Foundation | 11441 Aspen Way, Minnetonka, MN 55305-2962 | MN | 1994-07 | $372 |
| 14 | Bloomington Scholarship Foundation Incorporated | 8536 4th Avenue South, Bloomington, MN 55420 | MN | 1966-12 | $0 |
| 15 | Gayle A Wallace Memorial Scholarship Trust Fund | 19776 Grouse Rd, Park Rapids, MN 56470 | MN | 1998-07 | $0 |
| 16 | Holy Spirit School Class Of 1966 Memorial Fund | 1380 Duckwood Dr, Eagan, MN 55123-1090 | MN | 1997-07 | $0 |
| 17 | International Education Foundation | 8139 157th St N, Hugo, MN 55038-9324 | MN | 1991-01 | $0 |
| 18 | Jim Traver Memorial Scholarship Fund | 3035 California St Ne, Minneapolis, MN 55418 | MN | 1995-04 | $0 |
| 19 | Ken Borg Memorial Scholarship Fund | 100 Larson St, Ashby, MN 56309 | MN | 1993-01 | $0 |
| 20 | Michael K Wensel Memorial Foundation | 913 Indigo Road Nw, Rice, MN 56367 | MN | 1994-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,412 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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