Gavalas-Kolanko Foundation Inc in Mt Pleasant, South Carolina (SC)
Table of contents:
| Gavalas-Kolanko Foundation Inc | |
| Employer Identification Number (EIN) | 571083197 |
| Name of Organization | Gavalas-Kolanko Foundation Inc |
| In Care of Name | Nicholas B Gavalas |
| Address | PO BOX 1893, Mt Pleasant, SC 29465-1893 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 03/2001 |
| 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 | 11/2014 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $65,592 |
| Amount of Income | $115,035 |
| Form 990 Revenue Amount | $54,008 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Public Foundations |
Non-representatives - add comments:
Amount of income in 2014: $115,035 (it was $41,997 in 2013)
| This organization: | $115,035 |
| Other organizations performing similar types of work: | $71,328 |
Assets in 2014: $65,592 (it was $55,011 in 2013)
| Gavalas-Kolanko Foundation Inc: | $65,592 |
| Other organizations performing similar types of work: | $50,799 |
Expenses in 2013: $24,621
| This organization: | $24,621 |
| Other organizations performing similar types of work: | $47,311 |
Income to expenses ratio in 2013: 4.7
| Gavalas-Kolanko Foundation Inc: | 4.7 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 134.2%
| This organization: | 134.2% |
| Other organizations performing similar types of work: | 7.7% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $55,514 | $98,607 | $41,997 |
| Contributions, gifts, grants, and similar amounts received | $55,482 | $98,594 | $56,372 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $32 | $13 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $-14,375 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $0 | $0 | $33,000 |
| Less: direct expenses from gaming and fundraising events | $0 | $0 | $47,375 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $71,111 | $67,657 | $24,621 |
| Total net assets | $17,918 | $48,868 | $55,011 |
| Excess/Deficit for the year | $-15,597 | $30,950 | $17,376 |
| Net assets or fund balances at beginning of year | $33,515 | $17,918 | $48,868 |
| Other changes in net assets or fund balances | $0 | $0 | $-11,233 |
| Net assets or fund balances at end of year | $48,868 | $55,011 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $17,918 | $48,868 | $55,011 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $17,918 | $48,868 | $55,011 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| 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 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $280,715 |
| Subtotal Support | $280,715 |
| Gifts, grants, contributions, and membership fees received | $280,715 |
| 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 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $280,878 |
| Public Support | $280,715 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $163 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Roswell Park Alliance Foundation | Elm And Carlton St, Buffalo, NY 14263-0001 | NY | 1996-08 | $28,110,672 |
| 2 | Science Foundation Arizona | 400 E Van Buren St Ste 220, Phoenix, AZ 85004-2223 | AZ | 2006-11 | $7,919,015 |
| 3 | St Andrews Charitable Foundation | 6633 Delmar Blvd, St Louis, MO 63130-4505 | MO | 2008-01 | $1,344,641 |
| 4 | Tma Support Corporation | 2427 M L K Jr Ave Se, Washington, DC 20020-5815 | DC | 2006-10 | $709,645 |
| 5 | Rotary Club Of Coralsprings-Parkland Foundation Inc | 11873 Nw 2nd Ct, Coral Springs, FL 33071-8017 | FL | 2007-03 | $57,467 |
| 6 | The Byerly Foundation | PO BOX 1925, Hartsville, SC 29551-1925 | SC | 1939-01 | $7,200,971 |
| 7 | Greenwood Genetic Center Foundation | 101 Gregor Mendel Cir, Greenwood, SC 29646-2316 | SC | 1999-01 | $2,623,451 |
| 8 | School Foundation Inc | 320 W Cheves St, Florence, SC 29501-4437 | SC | 2000-03 | $1,835,669 |
| 9 | Sertoma Inc, 10522 North Augusta Sertoma Club | PO BOX 6184, North Augusta, SC 29861-6184 | SC | 1964-01 | $1,092,708 |
| 10 | Sertoma International Sponsorship, 10943 Olde Charlestowne | PO BOX 31459, Charleston, SC 29417-1459 | SC | 1964-01 | $1,043,154 |
| 11 | Wateree Dreams Foundation | 273 Blue Heron Dr, Rock Hill, SC 29732-8832 | SC | 1999-03 | $644,108 |
| 12 | Vt Seva | 1427 Hoxton Ct, Fort Mill, SC 29715 | SC | 2009-12 | $536,604 |
| 13 | Ray Tanner Foundation | 709 Woodrow St Pmb 201, Columbia, SC 29205-1733 | SC | 2005-12 | $271,649 |
| 14 | Lexington High Booster Club, George R Rish Sole Mbr | PO BOX 2048, Lexington, SC 29071-2048 | SC | 2010-09 | $211,167 |
| 15 | Haiti Gospel Fund | PO BOX 1315, Fountain Inn, SC 29644-1054 | SC | 2013-02 | $198,497 |
| 16 | Davis Lar International Childrens Fund Inc | 117 Baucom Park Drive, Greer, SC 29650 | SC | 2012-05 | $176,406 |
| 17 | Sertoma Inc, 10478 Grand Strand Sertoma Club | 1359 21st Ave North, Myrtle Beach, SC 29577-0400 | SC | 1964-01 | $169,271 |
| 18 | South Carolina Federal Credit Union Foundation | 6265 Rivers Ave, N Charleston, SC 29406-4928 | SC | 2013-03 | $159,336 |
| 19 | Sertoma Inc, 10071 Charleston Sertoma Club | 100 Calhoun St Ste 300, Charleston, SC 29401-3542 | SC | 1964-01 | $158,463 |
| 20 | Lake Wylie Childrens Charity | PO BOX 5188, Lake Wylie, SC 29710-5002 | SC | 2013-12 | $138,178 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 13,855 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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