Iianc Education Foundation Inc in Cary, North Carolina (NC)

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Iianc Education Foundation Inc
Employer Identification Number (EIN)581311077
Name of OrganizationIianc Education Foundation Inc
In Care of NameThomas Marshall Chariman
AddressPO BOX 1165, Cary, NC 27512-1165
ActivitiesPrivate school
SubsectionCharitable Organization, Educational Organization
Ruling Date02/1979
DeductibilityContributions are deductible
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period08/2014
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$171,746
Amount of Income$61,126
Form 990 Revenue Amount$61,126
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Single Organization Support


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Amount of income in 2014: $61,126 (it was $70,040 in 2013)
Iianc Education Foundation Inc: 

 $61,126
Other organizations performing similar types of work: 

 $150,360

Assets in 2014: $171,746 (it was $149,361 in 2013)
This organization: 

 $171,746
Other organizations performing similar types of work: 

 $97,637

Expenses in 2013: $66,805
Iianc Education Foundation Inc: 

 $66,805
Other organizations performing similar types of work: 

 $75,424

Income to expenses ratio in 2013: 0.9
Iianc Education Foundation Inc: 

 0.9
Other organizations performing similar types of work: 

 1.2

Grants share in income in 2013: 100.0%
Iianc Education Foundation Inc: 

 100.0%
Other organizations performing similar types of work: 

 66.4%

Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$109,422$51,531$70,040
Contributions, gifts, grants, and similar amounts received$108,545$52,500$70,040
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$898$0$0
Gain/Loss from sale of assets other than inventory$-21$-1,556$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$587$0
Total expenses$27,024$68,597$66,805
Total net assets$159,697$142,631$145,866
Excess/Deficit for the year$82,398$-17,066$3,235
Net assets or fund balances at beginning of year$77,299$159,697$142,631
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$142,631$145,866
Balance Sheets
201120122013
Total assets$172,427$143,898$149,361
Total liabilities$12,730$1,267$3,495
Net assets or fund balances$159,697$142,631$145,866
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Number of organizations supported1
Sum of amounts of support$16,348
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Seattle Public Library Foundation1000 4th Ave, Seattle, WA 98104-1109WA1981-06$19,064,436
2People Serving People Inc Charities614 S 3rd St, Minneapolis, MN 55415-1104MN2000-11$3,413,183
3Palmetto Ridge Highschool Band Boosters Inc1655 Victory Ln, Naples, FL 34120-7554FL2006-08$150,360
4Banff Centre FoundationBanff Ab T1l 1h5, Canadainternational2011-02$5,857,564
5Governors Educational Programs IncPO BOX 2107, Charleston, WV 25328-2107WV2004-09$590,520
6Friends Of The Wolfeboro Community Bandstand Inc40 Varney Rd, Wolfeboro, NH 03894-4338NH1995-05$211,927
7Literacy Trust Inc3324 W University Ave Ste 116, Gainesville, FL 32607-2540FL1999-07$159,837
8Lassiter Lacrosse Booster Club Inc2601 Shallowford Rd, Marietta, GA 30066-3038GA2004-03$138,474
9Iianc Education Foundation IncPO BOX 1165, Cary, NC 27512-1165NC1979-02$61,126
10Cbit Education IncPO BOX 7073, Bedminster, NJ 07921-7073NJ2010-08$41,550
11Sumter County Literacy Council905 N Main St, Sumter, SC 29150-2817SC1999-08$14,131
12University Physicians Foundation For Continuing Medical Education11001 Cedar Avenue, Cleveland, OH 44106-3043OH2000-08$4,345
1311th Avenue Ballet School Foundation, Art In Motion1014 S 11th Ave, Yakima, WA 98902WA2007-02$0
14Fmhs Swim & Dive Booster ClubPo Box 270166, Flower Mound, TX 75028TX2011-03$0
15Hartford High School Athletic Booster ClubPo Box 4511, White River Junction, VT 05001VT2003-08$0
16Horace Mann Parent Teacher Organization521 North Dodge Street, Iowa City, IA 52245IA2011-06$0
17Literacy Council510 S Jackson St, Tullahoma, TN 37388TN2002-04$0
18Literacy Now Inc203 Laurel Rd, Voorhees, NJ 08043NJ1999-03$0
19Port Jefferson Soccer Booster Club310 Oakwood Road, Port Jefferson, NY 11777NY2005-11$0
20Scotland County Education FoundationPo Box 725, Laurinburg, NC 28352NC2004-02$0
Number of organizations performing similar types of work
Florida3
Georgia1
Iowa1
Minnesota1
North Carolina2
New Hampshire1
New Jersey2
New York2
Ohio1
South Carolina1
Tennessee1
Texas1
Vermont1
Washington2
West Virginia1
Wyoming1
International1
Total23

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