Foundation For Professional Development, Palmetto State Teachers Association in Columbia, South Carolina (SC)
Table of contents:
| Foundation For Professional Development, Palmetto State Teachers Association | |
| Employer Identification Number (EIN) | 570955330 |
| Name of Organization | Foundation For Professional Development |
| Secondary Name | Palmetto State Teachers Association |
| Address | 2015 Assembly St, Columbia, SC 29201-2130 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 01/1993 |
| 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 | 07/2014 |
| Assets | $25,000 to $99,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $58,367 |
| Amount of Income | $17,022 |
| Form 990 Revenue Amount | $13,886 |
| 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: $17,022 (it was $19,107 in 2013)
| This organization: | $17,022 |
| Other organizations performing similar types of work: | $72,336 |
Assets in 2014: $58,367 (it was $65,396 in 2013)
| This organization: | $58,367 |
| Other organizations performing similar types of work: | $239,394 |
Expenses in 2014: $22,553
| This organization: | $22,553 |
| Other organizations performing similar types of work: | $40,888 |
Income to expenses ratio in 2014: 0.8
| Foundation For Professional Development, Palmetto State Teachers Association: | 0.8 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2014: 71.9%
| Foundation For Professional Development, Palmetto State Teachers Association: | 71.9% |
| Other organizations performing similar types of work: | 0.1% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $16,213 | $26,756 | $19,107 | $13,886 |
| Contributions, gifts, grants, and similar amounts received | $15,307 | $25,892 | $18,200 | $9,987 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $636 | $864 | $907 | $1,025 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $2,874 |
| Gross amount from sale of assets other than inventory | $0 | $0 | $0 | $6,010 |
| Less: cost or other basis and sales expenses | $0 | $0 | $0 | $3,136 |
| Net income/loss from gaming and fundraising events | $270 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $24,751 | $18,017 | $16,131 | $22,553 |
| Total net assets | $36,389 | $45,699 | $65,396 | $58,367 |
| Excess/Deficit for the year | $-8,538 | $8,739 | $2,976 | $-8,667 |
| Net assets or fund balances at beginning of year | $41,334 | $36,389 | $45,699 | $65,396 |
| Other changes in net assets or fund balances | $3,593 | $571 | $16,721 | $1,638 |
| Net assets or fund balances at end of year | $45,699 | $65,396 | $58,367 | |
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $36,389 | $45,699 | $65,396 | $58,367 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $36,389 | $45,699 | $65,396 | $58,367 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | 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 | No | |
| Total amount involved | $0 | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $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 | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | 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 | $74,121 |
| Subtotal | $74,121 |
| Gifts, grants, contributions, and membership fees received | $74,121 |
| 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 | $78,231 |
| Public support | $74,121 |
| Subtotal | $4,110 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $4,110 |
| 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 | Lancaster County Educational Foundation | PO BOX 889, Lancaster, SC 29721-0889 | SC | 1964-04 | $1,724,282 |
| 2 | Sylvester H Reed Memorial Trust | PO BOX 1111, Pflugerville, TX 78691-1111 | TX | 1998-01 | $1,242,927 |
| 3 | Champion For Christ Foundation Inc | PO BOX 786, Greenville, SC 29602-0786 | SC | 1997-03 | $972,572 |
| 4 | Rotary Charities Inc | 728 N Pleasantburg Dr, Greenville, SC 29607-1623 | SC | 1962-05 | $329,448 |
| 5 | Zack Van Landingham Scholarship Fund | PO BOX 5013, Hilton Head, SC 29938-5013 | SC | 1985-04 | $91,650 |
| 6 | David Dorn Scholarship Fund Inc | 903 Red Maple Ct, Hartsville, SC 29550-7982 | SC | 1997-04 | $26,153 |
| 7 | Waccamaw High School Chorus Booster Club | Po Box 2913, Pawleys Island, SC 29585 | SC | 1998-10 | $13,438 |
| 8 | South Carolina Society Of Professional Engineers Educational, Scspe Educational Foundation | PO BOX 11937, Columbia, SC 29211-1937 | SC | 1991-02 | $7,589 |
| 9 | William And Margaret S Hamilton Foundation Inc | 732 Columbia Dr, Myrtle Beach, SC 29577-4175 | SC | 1998-03 | $731 |
| 10 | Berkley High School Academic Booster Club Inc | 406 W Main St, Moncks Corner, SC 29461 | SC | 1996-06 | $0 |
| 11 | Christopher Anderson Memorial Scholarship Fund | 15 Chapin Cir, Myrtle Beach, SC 29572-4404 | SC | 1998-07 | $0 |
| 12 | East Cooper Outboard Beneficent Group Inc | Po Box 225, Mt Pleasant, SC 29465 | SC | 1998-07 | $0 |
| 13 | Frontiers Of Inquiry | 1 King Street 206, Charleston, SC 29401 | SC | 1997-08 | $0 |
| 14 | Hallman-Scott Inc | PO BOX 392, Ridge Spring, SC 29129-0392 | SC | 1998-04 | $0 |
| 15 | Jasper-Hampton Scholarship Association Inc | PO BOX 68, Pineland, SC 29934-0068 | SC | 1996-09 | $0 |
| 16 | Lexington School District Four Education Foundation | 607 E 5th St, Swansea, SC 29160-9702 | SC | 1992-06 | $0 |
| 17 | Marine Corps Scholarship Foundation -South Carolina | 55 Hawthorne Rd, Bluffton, SC 29910-4903 | SC | $0 | |
| 18 | Mike Barry Memorial Scholarship Fund | 14 Wood Ibis Rd, Hilton Head, SC 29928-5709 | SC | 1990-08 | $0 |
| 19 | Save Our Swamp Inc | 1207 Lakeside Dr Ste 201, Conway, SC 29526-4062 | SC | 1995-09 | $0 |
| 20 | Uss Lake Champlain Foundation | Po Box 2896, Bluffton, SC 29910 | SC | 1993-01 | $0 |
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