Student Enterprise Inc, Unl Surplus Solutions & Daily Drip in Lincoln, Nebraska (NE)

Student Enterprise Inc, Unl Surplus Solutions & Daily Drip
Employer Identification Number (EIN)	721552240
Name of Organization	Student Enterprise Inc
Secondary Name	Unl Surplus Solutions & Daily Drip
In Care of Name	Sam Nelson
Address	1320 R St, Lincoln, NE 68508
Subsection	Charitable Organization
Ruling Date	08/2012
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	12/2012
Assets	$10,000 to $24,999
Income	$25,000 to $99,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$16,475
Amount of Income	$57,555
Form 990 Revenue Amount	$27,474
National Taxonomy of Exempt Entities (NTEE)	Educational Institutions and Related Activities: Educational Services and Schools - Other

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Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue	$27,474
Contributions, gifts, grants, and similar amounts received	$0
Program service revenue including government fees and contracts	$0
Membership dues and assessments	$0
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	$27,474
Gross sales of inventory, less returns and allowances	$57,555
Less: cost of goods sold	$30,081
Other revenue	$0
Total expenses	$26,028
Total net assets	$14,122
Excess for the year	$1,446
Net assets or fund balances at beginning of year	$6,973
Other changes in net assets or fund balances	$5,703

Balance Sheets (for 2012)
Total assets	$16,475
Total liabilities	$2,353
Net assets or fund balances	$14,122

Other Information (for 2012)
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 2012)
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

Reason for Public Charity Status (for 2012)

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

	2008 - 2012 Total
Support Schedule for Organizations Described in Section 509(a)(2) (for 2012)
Total support	$273,662
Gifts, grants, contributions, and membership fees received	$0
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	$273,662
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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