The Jay G Lawrence Foundation in Greenville, Rhode Island (RI)
Table of contents:
| The Jay G Lawrence Foundation | |
| Employer Identification Number (EIN) | 050518375 |
| Name of Organization | The Jay G Lawrence Foundation |
| In Care of Name | George Sutcliffe |
| Address | PO BOX 580, Greenville, RI 02828-0580 |
| Subsection | Charitable Organization |
| Ruling Date | 10/2001 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Association |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $54,802 |
| Amount of Income | $31,616 |
| Form 990 Revenue Amount | $19,074 |
| 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: $31,616 (it was $31,450 in 2013)
| The Jay G Lawrence Foundation: | $31,616 |
| Other organizations performing similar types of work: | $41,680 |
Assets in 2014: $54,802 (it was $42,667 in 2013)
| This organization: | $54,802 |
| Other organizations performing similar types of work: | $65,579 |
Expenses in 2014: $13,938
| This organization: | $13,938 |
| Other organizations performing similar types of work: | $24,470 |
Income to expenses ratio in 2014: 2.3
| This organization: | 2.3 |
| Other organizations performing similar types of work: | 0.5 |
Grants share in income in 2014: 14.2%
| The Jay G Lawrence Foundation: | 14.2% |
| Other organizations performing similar types of work: | 9.0% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $20,423 | $19,776 | $19,074 |
| Contributions, gifts, grants, and similar amounts received | $0 | $3,105 | $2,714 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $125 | $93 | $42 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $20,298 | $16,143 | $15,333 |
| Gross income from gaming | $0 | $0 | $27,875 |
| Gross income from fundraising events | $31,550 | $27,817 | $0 |
| Less: direct expenses from gaming and fundraising events | $11,252 | $11,674 | $12,542 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $435 | $985 |
| Total expenses | $28,535 | $36,509 | $13,938 |
| Total net assets | $39,370 | $42,667 | $54,802 |
| Excess/Deficit for the year | $-8,112 | $-16,733 | $5,136 |
| Net assets or fund balances at beginning of year | $47,482 | $59,400 | $49,666 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $42,667 | $54,802 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $39,370 | $42,667 | $54,802 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $39,370 | $42,667 | $54,802 |
| 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 | $181,534 |
| Subtotal | $181,534 |
| Gifts, grants, contributions, and membership fees received | $17,530 |
| 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 | $164,004 |
| 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 | $182,244 |
| Public support | $181,534 |
| Subtotal | $710 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $710 |
| 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 | Us-Central Asia Education Foundation | 124 U St Nw, Washington, DC 20001-1606 | DC | 2007-10 | $4,838,252 |
| 2 | Subsea Tieback Scholarship Fund | 5418 Woodbury St, Fulshear, TX 77441-4139 | TX | 2007-10 | $101,112 |
| 3 | Tom Mcmahon Construction Scholarship Fund | 4441 S Abilene Cir, Aurora, CO 80015-1047 | CO | 2006-11 | $18,033 |
| 4 | The@george F And Elsie Barnard Hodder Classical Music Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1999-11 | $2,566,313 |
| 5 | Unap Education Fund | 375 Branch Ave, Providence, RI 02904-2542 | RI | 2005-06 | $735,633 |
| 6 | Read To Succeed Inc | 175 Hillside Rd, Cranston, RI 02920-5602 | RI | 2009-07 | $581,814 |
| 7 | Clarence J Osborne Scholarship Foundation Inc | 125 Sackett St, Providence, RI 02907 | RI | 2000-06 | $468,410 |
| 8 | Star Kids Scholarship Program | 31 John Clarke Rd, Middletown, RI 02842-5641 | RI | 2010-03 | $445,611 |
| 9 | The Rev Joseph Mcgarry Memorial Scholarship Trust | 42 Granite St, Westerly, RI 02891-2250 | RI | 2014-05 | $291,363 |
| 10 | Scholarships To Economically Poorstudents, Steps | 143 Prairie Avenue, Providence, RI 02905-2416 | RI | 2007-03 | $272,944 |
| 11 | Middletown Rotary Charitable Tr | PO BOX 4258, Middletown, RI 02842 | RI | 1999-04 | $194,822 |
| 12 | Stephanie Kamenski Trust Uw 01-085315 | PO BOX 1802, Providence, RI 02901-1802 | RI | 2011-02 | $187,015 |
| 13 | The Evan Spirito Memorial Foundation | PO BOX 326, Providence, RI 02912-0200 | RI | 2013-07 | $182,497 |
| 14 | Raymond Scholarship Fund Tr | PO BOX 1802, Providence, RI 02901-1802 | RI | 2003-01 | $176,354 |
| 15 | The Walter B Ford Science Scholarship Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1999-04 | $172,236 |
| 16 | Achievement For Children With Challenges Empowered By School Sch | 215 Ferris Ave, Rumford, RI 02916-1033 | RI | 2010-02 | $157,444 |
| 17 | Walter L Moore Scholarship Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 2003-11 | $144,181 |
| 18 | Lucy L Tasher Fund 21-6006-20-5 Lasalle National Bank Ttee | PO BOX 1802, Providence, RI 02901-1802 | RI | 2010-10 | $116,125 |
| 19 | Jospehine Bihaly Charitable Tr Ua, Fleet National Bank | PO BOX 1802, Providence, RI 02901-1802 | RI | 2011-05 | $112,072 |
| 20 | Rhode Island Dental Foundation | 875 Centerville Rd Unit 4 # 12, Warwick, RI 02886-4366 | RI | 2001-08 | $97,390 |
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| Total | 23,481 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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