Hero Scholarship Fund Of Philadelphia Inc in Drexel Hill, Pennsylvania (PA)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Other organizations in Pennsylvania
| Hero Scholarship Fund Of Philadelphia Inc | |
| Employer Identification Number (EIN) | 231552260 |
| Name of Organization | Hero Scholarship Fund Of Philadelphia Inc |
| In Care of Name | The Fund |
| Address | 5104 Township Line Rd, Drexel Hill, PA 19026-4502 |
| Activities | Other school related activities, Employee or member welfare association, Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 07/1958 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,589,169 |
| Amount of Income | $725,802 |
| Form 990 Revenue Amount | $102,376 |
Non-representatives - add comments:
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $191,324 | $164,695 | $0 | |
| Contributions, gifts, grants, etc., received | $27,286 | |||
| Interest on savings and temporary cash investments | $31,873 | |||
| Dividends and interest from securities | $31,954 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $100,211 | |||
| Total expenses and disbursements | $403,900 | $0 | $0 | $363,536 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $40,364 | $0 | $0 | |
| Contributions, gifts, grants paid | $363,536 | |||
| Excess of revenue over expenses and disbursements | $-212,576 | |||
| Net investment income | $164,695 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,589,169 | $1,891,194 |
| Cash - non-interest-bearing | $26,408 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $803,132 | |
| Investments-corporate bonds | $633,948 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $125,681 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $1,589,169 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $100,211 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $3,294 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $72 |
| Tax due | $3,366 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| 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 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| 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 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | 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 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $1,923,094 |
| Net value of noncharitable-use assets | $1,894,240 |
| Minimum investment return | $94,712 |
| Distributable Amount (for 2012) | |
| Distributable amount | $91,418 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $91,418 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| 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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| Other organizations in Pennsylvania | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Herman Volunteer Fire Company And Relief Association | PO BOX 87, Herman, PA 16039-0087 | PA | 1966-02 | $358,702 |
| 2 | Herman Yudacufski Charitable Foundation | PO BOX 279, Saint Clair, PA 17970-0279 | PA | 1997-07 | $2,195,112 |
| 3 | Hermitage House Youth Services Inc | PO BOX 748, Edinboro, PA 16412-0748 | PA | 1994-08 | $4,040,451 |
| 4 | Hermitage Masonic Temple Association | PO BOX 1185, Hermitage, PA 16148-0185 | PA | 1993-07 | $25,885 |
| 5 | Hermitage Of St Joseph | 1056 William Way, Coatesville, PA 19320 | PA | 2006-01 | $0 |
| 6 | Hermitage Pto-Hickory | 411 N Hermitage Rd, Hermitage, PA 16148-3316 | PA | 1981-07 | $64,269 |
| 7 | Hermitage Volunteer Fire Department Inc | 2511 Highland Rd, Hermitage, PA 16148-2857 | PA | 1997-02 | $1,022,434 |
| 8 | Hernley Cemetary Association | 1458 South View Road, Manheim, PA 17545 | PA | 1985-05 | $58,791 |
| 9 | Hero Scholarship Fund Of Delaware County Inc | PO BOX D, Media, PA 19063-0389 | PA | 1982-06 | $341,781 |
| 10 | Hero Scholarship Fund Of Marple Township | 10 N Malin Rd, Broomall, PA 19008-1807 | PA | 1980-12 | $55,005 |
| 11 | Hero Scholarship Fund Of Philadelphia Inc | 5104 Township Line Rd, Drexel Hill, PA 19026-4502 | PA | 1958-07 | $725,802 |
| 12 | Hero Thrill Show Inc | 1818 Market St, Philadelphia, PA 19103-3638 | PA | 2007-08 | $1,175,766 |
| 13 | Herrick Family Foundation | Bki 125 Strafford Ave Ste 116, Wayne, PA 19087 | PA | 2012-05 | $29,310 |
| 14 | Hershey Aquatic Club Inc | PO BOX 217, Hershey, PA 17033-0217 | PA | 2006-03 | $285,661 |
| 15 | Hershey Cemetery Company | PO BOX 445, Hershey, PA 17033-0445 | PA | 1976-01 | $187,994 |
| 16 | Hershey Cemetery Perpetual Maintenance Fund Trust | PO BOX 445, Hershey, PA 17033-0445 | PA | 1976-02 | $213,282 |
| 17 | Hershey Christian School Association, Hershey Christian School | PO BOX 378, Hershey, PA 17033-0378 | PA | 1995-12 | $2,114,976 |
| 18 | Hershey Entertainment & Resorts Employee Support Fund | 27 W Chocolate Ave, Hershey, PA 17033-1671 | PA | 2003-11 | $63,288 |
| 19 | Hershey Figure Skating Club | 439 Walton Ave, Hummelstown, PA 17036-1830 | PA | 1999-07 | $152,334 |
| 20 | Hershey Jr Bears Inc | 100 W Hershey Park Dr, Hershey, PA 17033-2727 | PA | 1998-10 | $541,941 |
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