Italian American Scholarship Association Inc in Bardonia, New York (NY)
Table of contents:
| Italian American Scholarship Association Inc | |
| Employer Identification Number (EIN) | 611413870 |
| Name of Organization | Italian American Scholarship Association Inc |
| In Care of Name | John V Perrella |
| Address | PO BOX 9394, Bardonia, NY 10954-9394 |
| Subsection | Charitable Organization |
| Ruling Date | 08/2002 |
| 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 | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $372,401 |
| Amount of Income | $16,800 |
| Form 990 Revenue Amount | $16,800 |
Non-representatives - add comments:
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $38,965 | $47,552 | $16,800 |
| Contributions, gifts, grants, and similar amounts received | $24,465 | $33,860 | $3,000 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $14,500 | $13,692 | $13,800 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $11,739 | $14,681 | $20,882 |
| Total net assets | $343,612 | $376,483 | $372,401 |
| Excess/Deficit for the year | $27,226 | $32,871 | $-4,082 |
| Net assets or fund balances at beginning of year | $316,386 | $343,612 | $376,483 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $376,483 | $372,401 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $343,612 | $376,483 | $372,401 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $343,612 | $376,483 | $372,401 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| 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 | 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 | $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? | 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 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 | $105,555 |
| Subtotal | $105,555 |
| Gifts, grants, contributions, and membership fees received | $105,555 |
| 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 | $161,764 |
| Public support | $105,555 |
| Subtotal | $56,209 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $56,209 |
| 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 |
| Write your review! |
|
|
| Recently Added Reviews |
Leir Foundation Inc in New York, NY
 |
|
Arquetopia Foundation Inc, Arquetopia Foundation For Development in New York, NY
|
|
Untapped Shores International Inc in Rochester, NY
|
| Stein Senior Center Inc in New York, NY |
Romulus Club Inc in Buffalo, NY
 |
| Clarendon Historical Society in Clarendon, NY |
| Grace Fellowship Ministries Inc in Brooklyn, NY |
| The Bridge Inc in New York, NY |
|
Gateway Youth Outreach Inc in Elmont, NY
|
|
Lucis Trust And Arcane School in New York, NY
|
| Other organizations in New York | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Italian American Civil Rights League Canarsie Inc | 1460 Pennsylvania Ave, Brooklyn, NY 11239-2520 | NY | 1977-02 | $2,390,839 |
| 2 | Italian American Club Of Somers Inc | PO BOX 375, Somers, NY 10589-0375 | NY | 2003-10 | $13,804 |
| 3 | Italian American Committee On Education Inc | 686 Park Ave, New York, NY 10065-5009 | NY | 1985-09 | $1,274,587 |
| 4 | Italian American Community Ctr | 62 Carroll St, Binghamton, NY 13901-3525 | NY | 2000-09 | $98,189 |
| 5 | Italian American Cultural Arts Corp | C/O Lucia Trovato 128 Colonial Parkway No 3b, Yonkers, NY 10710 | NY | 1999-01 | $0 |
| 6 | Italian American Housing Development Fund Company Inc | 4 Carondelet Drive, Watervliet, NY 12189-2306 | NY | 1985-11 | $466,833 |
| 7 | Italian American Sport Council Of Rochester Ltd | 1250 Buffalo Rd, Rochester, NY 14624-1824 | NY | 2013-02 | $16,504 |
| 8 | Italian American Ladies Society Inc | 162 Main St, Brewster, NY 10509-1536 | NY | 1957-04 | $801 |
| 9 | Italian American Museum | 1806 Hering Ave, Bronx, NY 10461-1802 | NY | 2002-04 | $722,592 |
| 10 | Italian American Protective Association | PO BOX 7, Port Chester, NY 10573-0007 | NY | 1993-08 | $6,166 |
| 11 | Italian American Scholarship Association Inc | PO BOX 9394, Bardonia, NY 10954-9394 | NY | 2002-08 | $16,800 |
| 12 | Italian American War Veterans Of The Us Inc, 1 John Venditti Post | 500 Danforth St, Syracuse, NY 13208-1566 | NY | 1947-07 | $154,496 |
| 13 | Italian American War Veterans Of The Us Inc, Dominick-Smaldone Post | 247 Grand Ave, Saratoga Spgs, NY 12866-3820 | NY | 1967-01 | $156,822 |
| 14 | Italian Board Of Guardians Inc | 7403 18th Ave, Brooklyn, NY 11204-5614 | NY | 1946-03 | $67,396 |
| 15 | Italian Charities Inc, Rochester Italian Charities | 280 Kenneth Dr Ste 100, Rochester, NY 14623-5263 | NY | 1988-07 | $533,736 |
| 16 | Italian Charities Of America Inc | 8320 Queens Blvd, Elmhurst, NY 11373-4245 | NY | 1952-02 | $135,852 |
| 17 | Italian City Club Inc | 400 Columbus Ave Ste 200e, Valhalla, NY 10595-1392 | NY | 1978-05 | $1 |
| 18 | Italian Club Of Staten Island Foundation Inc | C/O 148 New Dorp Lane, Staten Island, NY 10306 | NY | 1988-07 | $68,548 |
| 19 | Italian Community Center Charitable Foundation Of Troy Ny Inc | 1450 5th Ave, Troy, NY 12180-4137 | NY | 1970-03 | $456,077 |
| 20 | Italian Culinary Foundation | 19 East 26th Street, New York, NY 10010-1404 | NY | 2007-03 | $0 |
Organization representatives - add corrected or new information about Italian American Scholarship Association Inc »
Non-representatives - add comments about Italian American Scholarship Association Inc»