Adams Central Schools Foundation in Hastings, Nebraska (NE)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Other organizations in Nebraska
| Adams Central Schools Foundation | |
| Employer Identification Number (EIN) | 363833757 |
| Name of Organization | Adams Central Schools Foundation |
| Address | PO BOX 1088, Hastings, NE 68902-1088 |
| Activities | Gifts, grants, or loans to other organizations, Booster club |
| Subsection | Charitable Organization |
| Ruling Date | 10/1992 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $335,401 |
| Amount of Income | $75,871 |
| Form 990 Revenue Amount | $43,939 |
Non-representatives - add comments:
Revenue for 2012
Expenses for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $27,073 | $5,286 | $5,286 | |
| Contributions, gifts, grants, etc., received | $21,787 | |||
| Interest on savings and temporary cash investments | $3,701 | |||
| Dividends and interest from securities | $1,585 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $16,067 | $0 | $0 | $16,042 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $267 | $0 | $242 | |
| Contributions, gifts, grants paid | $15,800 | |||
| Excess of revenue over expenses and disbursements | $11,006 | |||
| Net investment income | $5,286 | |||
| Adjusted net income | $5,286 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $333,223 | $333,223 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $333,223 | |
| Total liabilities | $2,000 | |
| Mortgages and other notes payable | $0 | |
| Other | $2,000 | |
| Total liabilities and net assets/fund balances | $331,223 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $106 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $106 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $47,613 |
| Net value of noncharitable-use assets | $27,080 |
| Minimum investment return | $1,354 |
| Distributable Amount (for 2012) | |
| Distributable amount | $1,248 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $1,248 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Other organizations in Nebraska | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Assure Womens Center | 6510 Sorensen Pkwy, Omaha, NE 68152-2138 | NE | 1987-02 | $771,065 |
| 2 | Abate Of Nebraska Inc | PO BOX 30332, Lincoln, NE 68503-0332 | NE | 1979-01 | $178,444 |
| 3 | Abel Foundation | PO BOX 80268, Lincoln, NE 68501-0268 | NE | 1953-04 | $2,232,788 |
| 4 | Community Advocates Inc | 1800 S 58th St, Lincoln, NE 68506-1412 | NE | 1983-11 | $34,688 |
| 5 | Abide Network Inc | 3335 Fowler Ave, Omaha, NE 68111-2323 | NE | 1984-04 | $1,286,485 |
| 6 | Abundant Life Ministries Inc | PO BOX 516, Ponca, NE 68770-0516 | NE | 1999-10 | $73,221 |
| 7 | Acklie Charitable Foundation | PO BOX 81228, Lincoln, NE 68501-1228 | NE | 1989-09 | $2,322,371 |
| 8 | Aclu Nebraska Foundation Inc | 941 O St Ste 706, Lincoln, NE 68508-3625 | NE | 1975-09 | $398,316 |
| 9 | Active Learning Center, First Christian Church | 940 13th Ave, Sidney, NE 69162-1633 | NE | 1951-05 | $91,923 |
| 10 | Ad Gentes Mission Congregation Society | 4314 Aurora Drive, Omaha, NE 68134 | NE | 2005-07 | $89,293 |
| 11 | Adams Central Schools Foundation | PO BOX 1088, Hastings, NE 68902-1088 | NE | 1992-10 | $75,871 |
| 12 | Adams County Agricultural Society | 947 S Baltimore Ave, Hastings, NE 68901-6718 | NE | 1952-03 | $1,354,016 |
| 13 | Adams County Genealogical Society | Po Box 424, Hastings, NE 68901 | NE | 1972-11 | $0 |
| 14 | Adams County Historical Society | PO BOX 102, Hastings, NE 68902-0102 | NE | 1966-03 | $40,643 |
| 15 | Adams County Lutheran Education Association | C/O Bryce Katzberg 312 West Ash St, Kenesaw, NE 68956 | NE | 2006-10 | $172,586 |
| 16 | Adams County Senior Services Inc | 509 S Bellevue Ave, Hastings, NE 68901-5817 | NE | 1975-04 | $333,741 |
| 17 | Adoption Consultants | 205 Apache Dr, Mccook, NE 69001-2231 | NE | 2006-04 | $125,424 |
| 18 | Adoption Links Worldwide Incorporated | 124 S 24th St Ste 230, Omaha, NE 68102-1226 | NE | 1994-11 | $698 |
| 19 | Advance Leadership Network | 16924 Frances Street No 200, Omaha, NE 68130 | NE | 2007-11 | $0 |
| 20 | Advertising Club Of Lincoln | PO BOX 80093, Lincoln, NE 68501-0093 | NE | 1980-06 | $49,359 |
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