Madison Rotary Club Foundation Inc in Madison, New Jersey (NJ)
Table of contents:
| Madison Rotary Club Foundation Inc | |
| Employer Identification Number (EIN) | 223337586 |
| Name of Organization | Madison Rotary Club Foundation Inc |
| Address | PO BOX 211, Madison, NJ 07940-0211 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 06/1995 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $17,979 |
| Amount of Income | $55,259 |
| Form 990 Revenue Amount | $-43,786 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards |
Non-representatives - add comments:
Amount of income in 2014: $55,259 (it was $53,898 in 2013)
| This organization: | $55,259 |
| Other organizations performing similar types of work: | $47,052 |
Assets in 2014: $17,979 (it was $83,588 in 2013)
| Madison Rotary Club Foundation Inc: | $17,979 |
| Other organizations performing similar types of work: | $132,532 |
Expenses in 2014: $21,823
| This organization: | $21,823 |
| Other organizations performing similar types of work: | $25,564 |
Income to expenses ratio in 2014: 2.5
| This organization: | 2.5 |
| Other organizations performing similar types of work: | 1.4 |
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $67,273 | $9,096 | $53,898 | $-43,786 |
| Contributions, gifts, grants, and similar amounts received | $23,945 | $9,653 | $19,457 | $1,786 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $332 | $221 | $107 | $33 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $42,996 | $-778 | $34,334 | $-45,605 |
| Gross income from gaming | $0 | $942 | $0 | $0 |
| Gross income from fundraising events | $63,700 | $55,820 | $64,538 | $53,440 |
| Less: direct expenses from gaming and fundraising events | $20,704 | $57,540 | $30,204 | $99,045 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $46,592 | $34,165 | $9,098 | $21,823 |
| Total net assets | $63,857 | $38,788 | $83,588 | $17,979 |
| Excess/Deficit for the year | $20,681 | $-25,069 | $44,800 | $-65,609 |
| Net assets or fund balances at beginning of year | $43,176 | $63,857 | $38,788 | $83,588 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $38,788 | $83,588 | $17,979 | |
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $63,857 | $38,788 | $83,588 | $17,979 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $63,857 | $38,788 | $83,588 | $17,979 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | No | |
| 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? | No | No | No | |
| Total amount involved | $0 | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $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? | No | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | |
| Reason for Public Charity Status (for 2014) | |
| 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 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $251,834 |
| Subtotal | $251,834 |
| Gifts, grants, contributions, and membership fees received | $66,863 |
| 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 | $184,971 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| 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 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $253,070 |
| Public support | $251,834 |
| Subtotal | $1,236 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,236 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Saltsgiver Family Foundation | 1605 James Rd, Williamsport, PA 17701-1757 | PA | 1995-10 | $1,555,296 |
| 2 | Raymond G Jackson And Emma A Jackson Scholarship Fund | C/O Pnc Bank 620 Liberty Avenue No, Pittsburgh, PA 15222 | PA | 1996-09 | $1,254,090 |
| 3 | Texas Medical Association Special Funds Foundation | 401 W 15th St, Austin, TX 78701-1670 | TX | 1995-11 | $984,133 |
| 4 | The Lucie Jane Deslogo Mcanany Scholarship Trust | PO BOX 415044, Kansas City, MO 64141-5044 | MO | 1998-02 | $187,799 |
| 5 | Trey Whitfield Foundation Inc | 733 Lincoln Ave, Brooklyn, NY 11208-4101 | NY | 1996-06 | $169,930 |
| 6 | The Daisy Cundall Trust | PO BOX 3168, Portland, OR 97208-3168 | OR | 1995-01 | $117,648 |
| 7 | Warrick County Chamber Of Commerce | PO BOX 377, Boonville, IN 47601-0377 | IN | 1997-11 | $92,181 |
| 8 | Ruth Coyer Scholarship Trust | 10 S Dearborn, Chicago, IL 60603-2300 | IL | 1995-09 | $76,413 |
| 9 | Madison Rotary Club Foundation Inc | PO BOX 211, Madison, NJ 07940-0211 | NJ | 1995-06 | $55,259 |
| 10 | The Berkeley Heights Education Foundation Inc | 345 Plainfield Ave, Brekeley Heights, NJ 07922-1436 | NJ | 1995-09 | $40,211 |
| 11 | The Angelo Brothers Company Founders Scholarship Foundation | 12401 Mcnulty Road, Philadelphia, PA 19154-1029 | PA | 1996-01 | $39,845 |
| 12 | Surveyors Scholarship Foundation Of The New Jersey Society Of, Professional Land Surveyors Inc | PO BOX 101, Cream Ridge, NJ 08514-0101 | NJ | 1995-10 | $17,980 |
| 13 | Alpha Sigma Lambda Tau Chapter | 3501 University Blvd E, Adelphi, MD 20783-7998 | MD | 1997-10 | $15,428 |
| 14 | Rudy Sondrini Scholarship Fund | 22 Weston Ave, Dalton, MA 01226 | MA | 1996-07 | $9,424 |
| 15 | Wayne Mountjoy Scholarship Fund 161253 | PO BOX 577, Columbia, MO 65205-0577 | MO | 1995-08 | $8,559 |
| 16 | Rotary Club Of Glenville New York Foundation Inc | PO BOX 2638, Glenville, NY 12325-0638 | NY | 1993-12 | $7,404 |
| 17 | Sylvester Memorial Fund Incorporated, Hall Thomas P Ttee | 102 Thistle Patch Way, Hingham, MA 02043-2817 | MA | 1996-07 | $7,287 |
| 18 | Simmons Memorial Foundation Inc | 1959 N Peace Haven Rd 372, Winston Salem, NC 27106-4850 | NC | 1998-02 | $6,822 |
| 19 | Tuscaloosa Kiwanis Foundation | PO BOX 2347, Tuscaloosa, AL 35403-2347 | AL | 1997-04 | $1,129 |
| 20 | Gary Novello Sr Memorial Scholarship Fund Inc | 141 Mine Mount Rd, Bernardsville, NJ 07924-1518 | NJ | 1995-12 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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