New Bern Rotary Scholarship Foundation in New Bern, North Carolina (NC)
Table of contents:
| New Bern Rotary Scholarship Foundation | |
| Employer Identification Number (EIN) | 237042516 |
| Name of Organization | New Bern Rotary Scholarship Foundation |
| In Care of Name | William Sherman |
| Address | P O Box 818, New Bern, NC 28563-0818 |
| Activities | Other school related activities, Scholarships (other) |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 10/1969 |
| 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 | 2008 |
| Assets | $25,000 to $99,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $82,935 |
| Amount of Income | $22,285 |
| Form 990 Revenue Amount | $22,285 |
Non-representatives - add comments:
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $15,774 | $9,081 | $18,237 |
| Contributions, gifts, grants, and similar amounts received | $15,774 | $6,842 | $0 |
| Program service revenue including government fees and contracts | $0 | $0 | $11,327 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $2,239 | $6,910 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $12,951 | $12,888 | $10,986 |
| Total net assets | $69,882 | $66,075 | $0 |
| Excess/Deficit for the year | $2,823 | $-3,807 | $7,251 |
| Net assets or fund balances at beginning of year | $67,059 | $69,882 | $-7,251 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $66,075 | $73,326 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $69,882 | $66,075 | $1 |
| Total liabilities | $0 | $0 | $1 |
| Net assets or fund balances | $69,882 | $66,075 | $0 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | 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 | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | 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 | |
| Total amount involved | $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 | |
| 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 |
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| Other organizations in North Carolina | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Malvina T White Trust Uw Fbo Oxford Orphanage | 100 N Main St 13th Fl, Winston Salem, NC 27150-0001 | NC | 1973-03 | $0 |
| 2 | Men And Women United For Youth And Families Inc | 2957 Old Stage Road Bldg 1 Ste 2, Delco, NC 28436 | NC | 2008-03 | $261,842 |
| 3 | Michael Scott Mater Foundation | 649 Harrison Dr Nw, Concord, NC 28027 | NC | 2009-03 | $246,960 |
| 4 | Molly Painter Ministries | P O Box 16491, Wilmington, NC 28408 | NC | 2008-01 | $0 |
| 5 | Montys Home | P O Box 725, Burgaw, NC 28425 | NC | 2007-11 | $71,942 |
| 6 | Mt Nebo Christian Academy Inc | PO BOX 97, Robbinsville, NC 28771-0097 | NC | 2009-12 | $86,083 |
| 7 | Myself Together Again, M-Ta Project | Po Box 6451, Raleigh, NC 27628 | NC | 2007-12 | $22,330 |
| 8 | National Society Of The Daughters Of The American Revolution, Harshaw Chapel Fund | 444 Sierra Springs Drive, Murphy, NC 28906 | NC | 1958-05 | $282,020 |
| 9 | Neuse Little Theatre Inc | Po Box 1832, Smithfield, NC 27577 | NC | 1978-01 | $0 |
| 10 | Neuse River Community Development Corporation Inc | Po Box 779, New Bern, NC 28563 | NC | 1992-05 | $50,555 |
| 11 | New Bern Rotary Scholarship Foundation | P O Box 818, New Bern, NC 28563-0818 | NC | 1969-10 | $22,285 |
| 12 | North American Bramble Growers Association Inc | 1138 Rock Rest Road, Pittsboro, NC 27312 | NC | 1989-02 | $26,030 |
| 13 | North Carolina Association For Dairy Stabilization And Growth Inc | 5301 Glenwood Avenue, Raleigh, NC 27612 | NC | 2008-11 | $83,631 |
| 14 | North Carolina Chinese Business Association | 7424 Chapel Hill Road 204, Raleigh, NC 27607 | NC | 2005-02 | $10,570 |
| 15 | North Carolina Sod Producers Association | Campus Box 7620, Raleigh, NC 27695 | NC | 2003-12 | $0 |
| 16 | North Carolina State Chapter Of The American Payroll Association | 4407 Dula St, Durham, NC 27705-1669 | NC | 2010-07 | $16,755 |
| 17 | Northeast High School Athletic Booster Club | 6700 Mcleansville Rd, Mcleansville, NC 27301-9716 | NC | 1987-03 | $33,272 |
| 18 | On Eagle Wings Ministries | P O Box 9737, Asheville, NC 28815 | NC | 2011-08 | $717,660 |
| 19 | Operation Hug-A-Hero | 945 Eton Drive, Jacksonville, NC 28546 | NC | 2009-07 | $53,073 |
| 20 | Optimist International, 44020 Optimist Of Belmont Nc | 217 Stowe Rd, Gastonia, NC 28056-8438 | NC | 1958-07 | $45,902 |
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