Rse Foundation Inc in Spring Lake Heights, New Jersey (NJ)
Table of contents:
| Rse Foundation Inc | |
| Employer Identification Number (EIN) | 061633377 |
| Name of Organization | Rse Foundation Inc |
| In Care of Name | Mark A Vince |
| Address | 913 Greenwood Drive, Spring Lake Heights, NJ 07762 |
| Subsection | Charitable Organization |
| Ruling Date | 06/2002 |
| 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 | 2011 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $359,365 |
| Amount of Income | $140,693 |
| Form 990 Revenue Amount | $79,199 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Alumni Associations |
Non-representatives - add comments:
Amount of income in 2011: $140,693 (it was $79,199 in 2013)
| Rse Foundation Inc: | $140,693 |
| Other organizations performing similar types of work: | $34,071 |
Assets in 2011: $359,365 (it was $359,365 in 2013)
| This organization: | $359,365 |
| Other organizations performing similar types of work: | $31,348 |
Expenses in 2013: $109,313
| Rse Foundation Inc: | $109,313 |
| Other organizations performing similar types of work: | $21,612 |
Income to expenses ratio in 2013: 1.3
| Rse Foundation Inc: | 1.3 |
| Other organizations performing similar types of work: | 1.8 |
Grants share in income in 2013: 74.2%
| This organization: | 74.2% |
| Other organizations performing similar types of work: | 17.8% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $99,019 | $79,199 |
| Contributions, gifts, grants, and similar amounts received | $84,350 | $58,776 |
| Program service revenue including government fees and contracts | $0 | $0 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $9,359 | $10,240 |
| Gain/Loss from sale of assets other than inventory | $5,310 | $10,183 |
| Gross amount from sale of assets other than inventory | $30,730 | $71,677 |
| Less: cost or other basis and sales expenses | $25,420 | $61,494 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $0 | $0 |
| Total expenses | $8,217 | $109,313 |
| Total net assets | $342,209 | $359,365 |
| Excess/Deficit for the year | $90,802 | $-30,114 |
| Net assets or fund balances at beginning of year | $237,967 | $342,209 |
| Other changes in net assets or fund balances | $13,440 | $47,270 |
| Net assets or fund balances at end of year | $342,209 | $359,365 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $342,209 | $359,365 |
| Total liabilities | $0 | $0 |
| Net assets or fund balances | $342,209 | $359,365 |
| Other Information | ||
| 2012 | 2013 | |
|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No |
| Were any significant changes made to the organizing or governing documents? | No | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No |
| Has the organization filed a Form 990-T for the year? | No | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | 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 |
| Total amount involved | $0 | $0 |
| Initiation fees and capital contributions | $0 | $0 |
| Gross receipts for public use of club facilities | $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 |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No |
| Reason for Public Charity Status (for 2013) | |
| 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 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $198,226 |
| Subtotal | $198,226 |
| Gifts, grants, contributions, and membership fees received | $198,226 |
| 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 | $0 |
| 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 | $232,353 |
| Public support | $198,226 |
| Subtotal | $34,127 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $34,127 |
| 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 | Silliman University Alumini Council Of North America | 296 Brewery Rd, New City, NY 10956-5849 | NY | 2002-11 | $41,832 |
| 2 | Alpha Rho Alumni Association | 114 College Ave, New Brunswick, NJ 08901-1158 | NJ | 2013-08 | $273,833 |
| 3 | Itbhu Global Alumni Association Inc | 120 Briarwood Drive, North Brunswick, NJ 08902 | NJ | 2009-03 | $187,180 |
| 4 | Rse Foundation Inc | 913 Greenwood Drive, Spring Lake Heights, NJ 07762 | NJ | 2002-06 | $140,693 |
| 5 | Somerville High School Athletic Hall Of Fame Inc | 222 Davenport St, Somerville, NJ 08876-1500 | NJ | 2007-03 | $90,461 |
| 6 | Rutgers College Of Pharmacy Alumni Association | 27 Pheasant Run Dr, Basking Ridge, NJ 07920-2675 | NJ | 2002-01 | $63,245 |
| 7 | Alumni Association Of The M H Katze - Nbach School For The Deaf | 19 Comet Circle, Deptford, NJ 08096 | NJ | 2011-12 | $58,466 |
| 8 | Trenton Kappa Foundation | 849 W State St, Trenton, NJ 08618-5325 | NJ | 2002-01 | $48,139 |
| 9 | The@p & G Alumni Network Inc | 52 Berkshire Ct, Red Bank, NJ 07701-5413 | NJ | 2002-08 | $37,156 |
| 10 | New York Keio University Alumniassociation | 401 Hackensack Ave 1001, Hackensack, NJ 07601-6411 | NJ | 2010-11 | $33,140 |
| 11 | St Benedicts Prep Alumni Association | 520 Martin Luther King Jr Blvd, Newark, NJ 07102-1314 | NJ | 1997-09 | $25,663 |
| 12 | University College New Brunswick Alumni Association | PO BOX 5247, Somerset, NJ 08875-5247 | NJ | 2002-02 | $22,183 |
| 13 | Paramus Catholic High School Alumni Foundation Inc | 425 Paramus Rd, Paramus, NJ 07652-1510 | NJ | 2012-11 | $15,850 |
| 14 | Foundation Of The Uermmmc Nursing Alumni Association Usa Inc | 348 Ege Ave, Jersey City, NJ 07304-1015 | NJ | 1991-02 | $14,433 |
| 15 | Sardar Patel University Alumni | 4191 Rt 1, Monmouth Junction, NJ 08852 | NJ | 2005-05 | $11,877 |
| 16 | Rusc | PO BOX 337, Princeton, NJ 08542 | NJ | 1999-09 | $9,737 |
| 17 | Kyunggi Girls Highschool Alumnae Association Greater N Y Areaea | PO BOX 87, Fort Lee, NJ 07024-0087 | NJ | 2013-08 | $8,349 |
| 18 | St Hildas Diocesan High School Alumnae Association Inc | 113 Dorchester Road, Hackensack, NJ 07601 | NJ | 2006-12 | $3,643 |
| 19 | Wildwood High School Alumni & Friends | PO BOX 1932, Wildwood, NJ 08260-7932 | NJ | 1999-01 | $2,471 |
| 20 | Sigma Psi Kappa Alumnae Association A Nj Nonprofit Corporation | 103 Suburban Drive, Toms River, NJ 08753 | NJ | 2014-01 | $767 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,225 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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