Westerly College Club in Westerly, Rhode Island (RI)
Table of contents:
| Westerly College Club | |
| Employer Identification Number (EIN) | 056009634 |
| Name of Organization | Westerly College Club |
| In Care of Name | Margaret Richards |
| Address | PO BOX 1342, Westerly, RI 02891-0905 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 11/1996 |
| 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 | 04/2014 |
| Assets | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $4,109 |
| Amount of Income | $34,463 |
| Form 990 Revenue Amount | $28,786 |
| 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: $34,463 (it was $81,093 in 2013)
| This organization: | $34,463 |
| Other organizations performing similar types of work: | $72,336 |
Assets in 2014: $4,109 (it was $12,896 in 2013)
| This organization: | $4,109 |
| Other organizations performing similar types of work: | $239,394 |
Expenses in 2014: $37,573
| Westerly College Club: | $37,573 |
| Other organizations performing similar types of work: | $40,888 |
Income to expenses ratio in 2014: 0.9
| This organization: | 0.9 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2014: 101.3%
| This organization: | 101.3% |
| Other organizations performing similar types of work: | 0.1% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $26,139 | $69,469 | $28,786 |
| Contributions, gifts, grants, and similar amounts received | $23,800 | $61,035 | $29,157 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $144 | $59 | $6 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $2,195 | $8,375 | $-377 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $9,442 | $19,999 | $5,300 |
| Less: direct expenses from gaming and fundraising events | $7,247 | $11,624 | $5,677 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $28,890 | $70,631 | $37,573 |
| Total net assets | $14,058 | $12,896 | $4,109 |
| Excess/Deficit for the year | $-2,751 | $-1,162 | $-8,787 |
| Net assets or fund balances at beginning of year | $16,809 | $14,058 | $12,896 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $12,896 | $4,109 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $14,058 | $12,896 | $4,109 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $14,058 | $12,896 | $4,109 |
| 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 | $227,390 |
| Subtotal | $227,390 |
| Gifts, grants, contributions, and membership fees received | $157,672 |
| 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 | $69,718 |
| 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 | $227,634 |
| Public support | $227,390 |
| Subtotal | $244 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $244 |
| 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 | Sylvester H Reed Memorial Trust | PO BOX 1111, Pflugerville, TX 78691-1111 | TX | 1998-01 | $1,242,927 |
| 2 | Sara Stokes Scholarship Tr | PO BOX 1802, Providence, RI 02901-1802 | RI | 1996-04 | $1,464,206 |
| 3 | John P Burke Memorial Fund | One Button Hole Drive No 2, Providence, RI 02909-5750 | RI | 1947-10 | $836,019 |
| 4 | Katherine A Burton Trust Dtd 070287 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1997-10 | $601,553 |
| 5 | Alice I Sullivan Charitable Trust | 162 Middle St, Pawtucket, RI 02860-1013 | RI | 1998-01 | $464,582 |
| 6 | William J Schiff Tr Ua Fbo E Schiff, Natwest Bank Na | PO BOX 1802, Providence, RI 02901-1802 | RI | 1995-06 | $372,003 |
| 7 | Theodore & Revell Wright Memorial Fund, Hadley Wayne N Ttee | PO BOX 1802, Providence, RI 02901-1802 | RI | 1995-10 | $288,952 |
| 8 | John Henry White Jr Revocable Trust | PO BOX 1802, Providence, RI 02901-1802 | RI | 1995-04 | $212,549 |
| 9 | Maude-Frances Childrens Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1995-05 | $205,247 |
| 10 | Major Jeremiah P Murphy Scholarship Foundation | 1 Home Loan Plz Ste 3, Warwick, RI 02886-1764 | RI | 1996-01 | $199,074 |
| 11 | Priscilla Ordway Scholarship Fund | PO BOX 1802, Providence, RI 02901-1802 | RI | 1973-07 | $194,996 |
| 12 | Arthur E Coia Scholarship And Education Fund | 410 South Main Street, Providence, RI 02903-2982 | RI | 1996-09 | $184,322 |
| 13 | Chris W Cruickshank Scholarship Foundation | PO BOX 541, Westerly, RI 02891-0541 | RI | 1990-01 | $135,211 |
| 14 | Westerly College Club | PO BOX 1342, Westerly, RI 02891-0905 | RI | 1996-11 | $34,463 |
| 15 | Schoen Fam Tr Ua 04131998, Schoen Paul G Et Al Ttee | 114 W 47th St Ny, Providence, RI 02901 | RI | 1998-08 | $9,219 |
| 16 | Selectman George T Leach Jr Memorial Scholarship Fund | PO BOX 85, Adamsville, RI 02801-0085 | RI | 1998-12 | $2 |
| 17 | Boscia-Ricci Endowment Fund Inc | 30 De Soto St, Providence, RI 02909-2435 | RI | 1995-04 | $0 |
| 18 | Frank Abate Scholarship Fund | 421 Wood St, Bristol, RI 02809-2309 | RI | 1997-05 | $0 |
| 19 | Society Affects Students Incorporated, S A S Inc | 1272 West Main Rd Suite 228, Middletown, RI 02842-6335 | RI | 1996-05 | $0 |
| 20 | Wayne Findeisen Scholarship Fund | 9 East Avdenue, Westerly, RI 02891 | RI | 1998-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,412 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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