Magown-Roberts Memorial Fund Inc in North Kingstown, Rhode Island (RI)

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Magown-Roberts Memorial Fund Inc
Employer Identification Number (EIN)050490002
Name of OrganizationMagown-Roberts Memorial Fund Inc
In Care of NameRobert Germani
Address1 Hercules Drive, North Kingstown, RI 02852
ActivitiesDescribed in section 509(a)(2) of the Code, Student loans, Scholarships (other)
SubsectionCharitable Organization
Ruling Date11/1997
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2013
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$173,069
Amount of Income$21,928
Form 990 Revenue Amount$21,928
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards


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Amount of income in 2013: $21,928 (it was $29,910 in 2011)
Magown-Roberts Memorial Fund Inc: 

 $21,928
Other organizations performing similar types of work: 

 $41,680

Assets in 2013: $173,069 (it was $173,069 in 2011)
Magown-Roberts Memorial Fund Inc: 

 $173,069
Other organizations performing similar types of work: 

 $65,579

Expenses in 2011: $9,094
Magown-Roberts Memorial Fund Inc: 

 $9,094
Other organizations performing similar types of work: 

 $24,470

Income to expenses ratio in 2011: 2.4
Magown-Roberts Memorial Fund Inc: 

 2.4
Other organizations performing similar types of work: 

 0.5

Grants share in income in 2011: 43.4%
Magown-Roberts Memorial Fund Inc: 

 43.4%
Other organizations performing similar types of work: 

 9.0%

Financial snapshot ($)

Revenue for 2011

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$21,928
Contributions, gifts, grants, and similar amounts received$9,512
Program service revenue including government fees and contracts$0
Membership dues and assessments$8,350
Investment income$125
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$3,941
Gross income from gaming$0
Gross income from fundraising events$11,923
Less: direct expenses from gaming and fundraising events$7,982
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$9,094
Total net assets$173,069
Excess for the year$12,834
Net assets or fund balances at beginning of year$198,590
Other changes in net assets or fund balances$-38,355
Balance Sheets (for 2011)
Total assets$173,069
Total liabilities$0
Net assets or fund balances$173,069
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
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
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$58,336
Gifts, grants, contributions, and membership fees received$50,359
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
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$7,976
Other$1
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3Tom Mcmahon Construction Scholarship Fund4441 S Abilene Cir, Aurora, CO 80015-1047CO2006-11$18,033
4The@george F And Elsie Barnard Hodder Classical Music FundPO BOX 1802, Providence, RI 02901-1802RI1999-11$2,566,313
5Unap Education Fund375 Branch Ave, Providence, RI 02904-2542RI2005-06$735,633
6Read To Succeed Inc175 Hillside Rd, Cranston, RI 02920-5602RI2009-07$581,814
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9The Rev Joseph Mcgarry Memorial Scholarship Trust42 Granite St, Westerly, RI 02891-2250RI2014-05$291,363
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12Stephanie Kamenski Trust Uw 01-085315PO BOX 1802, Providence, RI 02901-1802RI2011-02$187,015
13The Evan Spirito Memorial FoundationPO BOX 326, Providence, RI 02912-0200RI2013-07$182,497
14Raymond Scholarship Fund TrPO BOX 1802, Providence, RI 02901-1802RI2003-01$176,354
15The Walter B Ford Science Scholarship FundPO BOX 1802, Providence, RI 02901-1802RI1999-04$172,236
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17Walter L Moore Scholarship FundPO BOX 1802, Providence, RI 02901-1802RI2003-11$144,181
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Number of organizations performing similar types of work
Alaska48
Alabama286
Arkansas212
Arizona375
California2,590
Colorado397
Connecticut360
District of Columbia210
Delaware90
Florida1,248
Georgia644
Hawaii125
Iowa241
Idaho90
Illinois1,083
Indiana348
Kansas216
Kentucky271
Louisiana247
Massachusetts819
Maryland580
Maine135
Michigan690
Minnesota353
Missouri459
Mississippi159
Montana122
North Carolina631
North Dakota29
Nebraska124
New Hampshire145
New Jersey1,137
New Mexico122
Nevada157
New York1,581
Ohio902
Oklahoma233
Oregon274
Pennsylvania951
Rhode Island132
South Carolina243
South Dakota54
Tennessee325
Texas2,055
Utah196
Virginia649
Vermont87
Washington473
Wisconsin403
West Virginia110
Wyoming43
International27
Total23,481

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