Inter-Lakes Scholarship Foundation in Meredith, New Hampshire (NH)

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Inter-Lakes Scholarship Foundation
Employer Identification Number (EIN)222474302
Name of OrganizationInter-Lakes Scholarship Foundation
In Care of NameChristine Brewer
AddressPO BOX 545, Meredith, NH 03253-0545
ActivitiesScholarships (other), Student loans
SubsectionCharitable Organization
Ruling Date05/2012
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period08/2013
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$240,556
Amount of Income$60,504
Form 990 Revenue Amount$-402
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations


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Amount of income in 2013: $60,504 (it was $8,055 in 2012)
This organization: 

 $60,504
Other organizations performing similar types of work: 

 $105,489

Assets in 2013: $240,556 (it was $265,503 in 2012)
Inter-Lakes Scholarship Foundation: 

 $240,556
Other organizations performing similar types of work: 

 $325,460

Expenses in 2013: $24,545
Inter-Lakes Scholarship Foundation: 

 $24,545
Other organizations performing similar types of work: 

 $49,058

Income to expenses ratio in 2013: 2.5
Inter-Lakes Scholarship Foundation: 

 2.5
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: -1,082.8%
This organization: 

 -1,082.8%
Other organizations performing similar types of work: 

 22.8%

Financial snapshot ($)

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$56,595$8,055$-402
Contributions, gifts, grants, and similar amounts received$11,797$1,847$4,353
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$4,477$6,208$4,925
Gain/Loss from sale of assets other than inventory$38,783$0$-9,680
Gross amount from sale of assets other than inventory$118,900$0$51,226
Less: cost or other basis and sales expenses$80,116$0$60,906
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$1,536$0$0
Total expenses$28,984$23,110$24,545
Total net assets$280,558$265,503$240,556
Excess/Deficit for the year$27,611$-15,055$-24,947
Net assets or fund balances at beginning of year$252,947$280,558$265,503
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$265,503$240,556
Balance Sheets
201120122013
Total assets$280,558$265,503$240,556
Total liabilities$0$0$0
Net assets or fund balances$280,558$265,503$240,556
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 that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$35,559
Subtotal Support$35,559
Gifts, grants, contributions, and membership fees received$35,559
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
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$63,026
Public Support$35,559
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$27,467
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1The Jack & Dorothy Byrne Foundation Inc80 S Main St Ste 202, Hanouver, NH 03755-2053NH1999-12$54,859,685
2Winfield C Cook & Isabelle K Cook Charitable Foundation Inc29 Highland Rd, South Hampton, NH 03827-3608NH2003-06$6,143,905
3Schleyer Foundation Under Declaration Of Tr 12022002, Schleter William T TteePO BOX 222, Rye Beach, NH 03871-0222NH2004-04$4,475,744
4Newport Charity Tr, Mary Susan Leahy Ttee11 S Main St Ste 500, Concord, NH 03301-4863NH2013-11$2,347,873
5Lubbe Family Foundation 12162011, Klaus Lubbe Ttee103 Hanover St, Lebanon, NH 03766-1098NH2012-09$1,421,155
6Stoneyhearth Foundation, Michael Stonebraker Ttee9 Grassy Pond Rd, Moultonboro, NH 03254-4029NH2012-03$1,018,963
7Ann And Bill Brine Family Foundation14 Rope Ferry Rd, Hanover, NH 03755-1405NH2008-02$572,129
8Opl Charities1000 Market St Unit 1 # 300, Portsmouth, NH 03801-3358NH2005-04$565,814
9Krfrench Family Foundation85 Trescott Rd, Etna, NH 03750-4505NH2013-06$558,642
10Russell Farm And Foundation Conservation Foundation134 Colburn Rd, New Boston, NH 03070-4803NH2006-02$324,528
11Snowy Owl Foundation55 Hardscrabble Ln, Lyme, NH 03768-3711NH2011-02$287,729
12Masiello Family Foundation234 Lafayette Rd, Hampton, NH 03842-4105NH2012-02$250,257
13Mcr Foundation, Jane Cohen TteePO BOX 211, Canterbury, NH 03224-0211NH2013-02$218,003
14John & Mary Williams Memorial FundPO BOX 477, Concord, NH 03302-0477NH2010-08$195,936
15Smith Family Charitable TrPO BOX 326, Manchester, NH 03105-0326NH2009-01$182,900
16William Mcguire Irrevocable TrustPO BOX 477, Concord, NH 03302-0477NH2011-05$158,756
17Hearthstone Charitable Foundation25 Leopards Leap, Moultonboro, NH 03254-7500NH2012-03$111,403
18520 Charitable Foundation4 Crestwood Ln, Nashua, NH 03062-4203NH2013-08$107,609
19Salina Lewis Aylor Scholarship FundPO BOX 477, Concord, NH 03302-0477NH1999-10$95,936
20Inter-Lakes Scholarship FoundationPO BOX 545, Meredith, NH 03253-0545NH2012-05$60,504
Number of organizations performing similar types of work
Alaska25
Alabama219
Arkansas78
Arizona303
California2,586
Colorado408
Connecticut419
District of Columbia111
Delaware583
Florida1,525
Georgia481
Hawaii85
Iowa178
Idaho58
Illinois1,113
Indiana311
Kansas157
Kentucky167
Louisiana161
Massachusetts705
Maryland425
Maine85
Michigan619
Minnesota384
Missouri346
Mississippi70
Montana69
North Carolina788
North Dakota20
Nebraska169
New Hampshire75
New Jersey876
New Mexico92
Nevada215
New York2,617
Ohio698
Oklahoma228
Oregon208
Pennsylvania1,086
Rhode Island184
South Carolina171
South Dakota32
Tennessee266
Texas1,263
Utah274
Virginia477
Vermont54
Washington401
Wisconsin354
West Virginia69
Wyoming63
International44
Total22,395

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