Newberry College Foundation Inc Newberry College in Newberry, South Carolina (SC)
Table of contents:
| Newberry College Foundation Inc Newberry College | |
| Employer Identification Number (EIN) | 576026382 |
| Name of Organization | Newberry College Foundation Inc Newberry College |
| Address | 2100 College St Newbery College, Newberry, SC 29108 |
| Activities | Other school related activities |
| Subsection | Educational Organization |
| Ruling Date | 01/1965 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $189,252 |
| Amount of Income | $15,144 |
| Form 990 Revenue Amount | $15,144 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Undergraduate College (4-year) |
Non-representatives - add comments:
Amount of income in 2014: $15,144 (it was $13,779 in 2013)
| This organization: | $15,144 |
| Other organizations performing similar types of work: | $1,343,451 |
Assets in 2014: $189,252 (it was $206,572 in 2013)
| Newberry College Foundation Inc Newberry College: | $189,252 |
| Other organizations performing similar types of work: | $5,533,504 |
Expenses in 2013: $13,749
| This organization: | $13,749 |
| Other organizations performing similar types of work: | $487,806 |
Income to expenses ratio in 2013: 1.1
| Newberry College Foundation Inc Newberry College: | 1.1 |
| Other organizations performing similar types of work: | 2.4 |
Grants share in income in 2013: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 47.7% |
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $16,366 | $151,783 | $13,779 |
| Contributions, gifts, grants, and similar amounts received | $0 | $103,000 | $0 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $90 | $13,784 | $13,779 |
| Gain/Loss from sale of assets other than inventory | $0 | $34,776 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $16,276 | $223 | $0 |
| Total expenses | $15,078 | $116,256 | $13,749 |
| Total net assets | $37,885 | $73,412 | $73,442 |
| Excess/Deficit for the year | $1,288 | $35,527 | $30 |
| Net assets or fund balances at beginning of year | $36,597 | $37,885 | $73,412 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $73,412 | $73,442 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $187,394 | $215,576 | $206,572 |
| Total liabilities | $149,509 | $142,164 | $133,130 |
| Net assets or fund balances | $37,885 | $73,412 | $73,442 |
| 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 | Yes | Yes | Yes |
| Has the organization filed a Form 990-T for the year? | Yes | Yes | |
| 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: | A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v) |
| 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 | $105,901 |
| Subtotal Support | $105,901 |
| Gifts, grants, contributions, and membership fees received | $105,901 |
| 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 | $150,962 |
| Public Support | $105,901 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $34,935 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $9,826 |
| Other income. Do not include gain or loss from the sale of capital assets | $300 |
| Gross receipts from related activities, etc. | $0 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $173,531 | $17,776 | $-423 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $0 | $0 | $0 |
| Rent income | $173,531 | $17,776 | $-423 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $0 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $0 |
| Unrelated business taxable income | $-423 |
| Unrelated business taxable income before net operating loss deduction | $-423 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $-423 |
| Specific deduction | $1,000 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Southern Oregon University Foundation | 1250 Siskiyou Blvd, Ashland, OR 97520-5001 | OR | 1968-01 | $29,348,632 |
| 2 | Rhode Island College Foundation | 600 Mount Pleasant Avenue, Providence, RI 02908-1940 | RI | 1978-03 | $19,304,093 |
| 3 | The College Of New Jersey Foundation Inc | PO BOX 7718, Ewing, NJ 08628-0718 | NJ | 1985-01 | $17,189,638 |
| 4 | Scholarship & Welfare Funds Of Alumni Association Of Hunter Colle | 695 Park Ave Rm 1314he, New York, NY 10065-5024 | NY | 1949-09 | $15,886,796 |
| 5 | Union County College Foundation Inc | 995 Springfield Ave, Cranford, NJ 07016-1528 | NJ | 1979-04 | $8,697,416 |
| 6 | Citadel Brigadier Foundation Inc | 171 Moultrie St Mcallister Fld Hse, Charleston, SC 29409-0001 | SC | 1959-05 | $7,789,478 |
| 7 | Thomas A Edison State College Foundation Inc | 101 W State St, Trenton, NJ 08608-1101 | NJ | 1978-10 | $6,729,279 |
| 8 | Chanticleer Athletic Foundation | PO BOX 1954, Conway, SC 29526 | SC | 1987-10 | $5,961,512 |
| 9 | Santa Ana College Foundation | 1530 W 17th St, Santa Ana, CA 92706-3398 | CA | 1968-05 | $5,446,012 |
| 10 | Wayne State Foundation | 1111 Main Street, Wayne, NE 68787-1172 | NE | 1963-06 | $5,177,884 |
| 11 | Schoolcraft College Foundation | 18600 Haggerty Rd, Livonia, MI 48152-3932 | MI | 1966-11 | $5,130,130 |
| 12 | State University College At Brockport Foundation Inc | 350 New Campus Dr, Brockport, NY 14420-2997 | NY | 1977-03 | $4,132,336 |
| 13 | South Georgia State College Foundation Inc | 100 College Park Dr W, Douglas, GA 31533-5020 | GA | 1990-03 | $3,101,351 |
| 14 | Sarah Harris Johnson-Whitman College Fund | PO BOX 831041, Dallas, TX 75283-1041 | TX | 1977-11 | $2,920,505 |
| 15 | Warner Pacific College Foundation | 2219 Se 68th Ave, Portland, OR 97215-4026 | OR | 1971-01 | $2,846,239 |
| 16 | York Technical College Foundation Inc | Us 21 By-Pass, Rock Hill, SC 29730 | SC | 1983-10 | $1,932,003 |
| 17 | Florence-Darlington Technical College Foundation Inc | PO BOX 100548, Florence, SC 29502-0548 | SC | 1979-04 | $1,871,115 |
| 18 | Newberry College Foundation Inc Newberry College | 2100 College St Newbery College, Newberry, SC 29108 | SC | 1965-01 | $15,144 |
| 19 | Presbyterian College Real Estate Foundation | PO BOX 975, Clinton, SC 29325-0975 | SC | 1995-12 | $6,660 |
| 20 | Presbyterian College Foundation | PO BOX 975, Clinton, SC 29325-0975 | SC | 1995-12 | $459 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 174 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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