Amadeu Correia Scholarship Fund Inc in Elizabeth, New Jersey (NJ)

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Amadeu Correia Scholarship Fund Inc
Employer Identification Number (EIN)223550564
Name of OrganizationAmadeu Correia Scholarship Fund Inc
In Care of NameAida Almeida
AddressPO BOX 202, Elizabeth, NJ 07207-0202
ActivitiesGifts or grants to individuals (other than scholarships)
SubsectionCharitable Organization
Ruling Date12/1998
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$25,000 to $99,999
Income$1 to $9,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$61,799
Amount of Income$3,548
Form 990 Revenue Amount$3,548
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Gift Distribution


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Amount of income in 2011: $3,548 (it was $3,627 in 2010)
This organization: 

 $3,548
Other organizations performing similar types of work: 

 $78,142

Assets in 2011: $61,799 (it was $61,347 in 2010)
Amadeu Correia Scholarship Fund Inc: 

 $61,799
Other organizations performing similar types of work: 

 $101,276

Expenses in 2011: $3,096
This organization: 

 $3,096
Other organizations performing similar types of work: 

 $62,764

Income to expenses ratio in 2011: 1.1
Amadeu Correia Scholarship Fund Inc: 

 1.1
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2011: 28.2%
This organization: 

 28.2%
Other organizations performing similar types of work: 

 99.1%

Financial snapshot ($)

Revenue for 2011

Expenses for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$3,548$2,548$2,548
Contributions, gifts, grants, etc., received$1,000
Interest on savings and temporary cash investments$156
Dividends and interest from securities$2,392
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$3,096$0$0$3,096
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$996$0$996
Contributions, gifts, grants paid$2,100
Excess of revenue over expenses and disbursements$452
Net investment income$2,548
Adjusted net income$2,548
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$61,799$77,078
Cash - non-interest-bearing$1,796
Investments-U.S. and state government obligations$0
Investments-corporate stock$41,611
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Other$18,392
Total liabilities$0
Total liabilities and net assets/fund balances$61,799
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$0
Net capital loss$0
Excise Tax Based on Investment Income (for 2011)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$51
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$51
Overpayment$0
Amount to be credited to 2012 estimated tax$0
Statements Regarding Activities (for 2011)
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 2011 or the taxable year beginning in 2011?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011)
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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011?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 2011)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$76,916
Net value of noncharitable-use assets$75,760
Minimum investment return$3,788
Distributable Amount (for 2011)
Distributable amount$3,737
Undistributed Income (for 2011)
Distributable amount for 2011$3,737
Undistributed income for 2011. This amount must be distributed in 2012$3,737
Private Operating Foundations (for 2011)
2011201020092008Total
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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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Wwki-We Care Inc519 N Main St, Kokomo, IN 46901-4661IN1988-06$597,367
2The Jose M Garcia Foundation Inc851 Franklin Lakes Road, Franklin Lakes, NJ 07417-2242NJ1995-12$559,486
3The Western Pennsylvania Chapter Of The National Hemophilia Foundation20411 Route 19 Unit 14, Cranberry Twp, PA 16066-7512PA1997-08$443,022
4Tender Loving Care Ministries Inc9313 Falls Bridge Ln, Potomac, MD 20854-3951MD1992-05$298,224
5Santa Claus Anonymous IncorporatedPO BOX 28385, Baltimore, MD 21234-8385MD1950-07$271,770
6Santa Claus Incorporated Of Greater San Bernardino824 E 6th St, Sn Bernrdno, CA 92410-4509CA1957-07$181,894
7Ruth Lyons Childrens Fund1700 Young St, Cincinnati, OH 45202-6821OH1976-11$176,684
8Sella Foundation 1994 Tr, Sella George J Jr & Janet M TteePO BOX 397, Newton, NJ 07860-0397NJ1995-10$164,819
9United Churches Assistance Network Inc, UcanPO BOX 1103, Cockeysville, MD 21030-6103MD1998-12$158,646
10Santa For The Very Poor Inc2321 Legacy Dr, Aurora, IL 60502-1379IL1965-11$141,914
11Womens Advisory Council Of The Institute Of Logopedics8700 E 29th N, Wichita, KS 67226KS1979-05$117,472
12Times-Picayune Doll And Toy Fund And Christmas Gift Fund3800 Howard Ave, New Orleans, LA 70125-1429LA1959-01$117,060
13Nynj Black Mcdonalds Operators Association Inc3 Margulis Ct, West Orange, NJ 07052-3450NJ1998-03$86,170
14The Angel Connection IncPO BOX 496, Mt Freedom, NJ 07970-0496NJ1992-11$75,495
15Doll League Inc170 Prospect Avenue, Hackensack, NJ 07601NJ1969-08$29,990
16Amadeu Correia Scholarship Fund IncPO BOX 202, Elizabeth, NJ 07207-0202NJ1998-12$3,548
17The Terri Nicolich Maurer Foundation Inc16 Jefferson Place, Montvale, NJ 07645NJ1992-04$2,633
18William H Eells Iii Foundation14 Lane Of Acres, Haddonfield, NJ 08033-3505NJ1995-10$6
19Burlington County Medical Society FoundationPO BOX 1023, Mt Laurel, NJ 08054NJ1996-04$0
20Children At Heart Inc273 Crosspointe Dr, E Brunswick, NJ 08816-1847NJ1995-03$0
Number of organizations performing similar types of work
Alaska1
Alabama5
Arizona6
California15
Colorado5
Connecticut4
Florida8
Georgia3
Iowa2
Idaho1
Illinois11
Indiana5
Kansas4
Kentucky2
Louisiana2
Massachusetts3
Maryland9
Maine2
Michigan9
Minnesota4
Missouri3
Mississippi2
Montana1
North Carolina6
Nebraska2
New Hampshire2
New Jersey10
New Mexico1
New York14
Ohio9
Oregon5
Pennsylvania8
Rhode Island1
South Carolina3
Tennessee7
Texas16
Utah2
Virginia8
Vermont1
Washington6
Wisconsin6
Total214

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