Gallatin Noon Rotary Foundation in Gallatin, Tennessee (TN)
Table of contents:
| Gallatin Noon Rotary Foundation | |
| Employer Identification Number (EIN) | 205072357 |
| Name of Organization | Gallatin Noon Rotary Foundation |
| In Care of Name | William Draper |
| Address | PO BOX 182, Gallatin, TN 37066-0182 |
| Subsection | Educational Organization |
| Ruling Date | 07/2006 |
| 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 | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $130,689 |
| Amount of Income | $81,786 |
| Form 990 Revenue Amount | $75,590 |
| 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: $81,786 (it was $70,572 in 2013)
| Gallatin Noon Rotary Foundation: | $81,786 |
| Other organizations performing similar types of work: | $41,680 |
Assets in 2014: $130,689 (it was $114,358 in 2013)
| Gallatin Noon Rotary Foundation: | $130,689 |
| Other organizations performing similar types of work: | $65,579 |
Expenses in 2014: $57,151
| Gallatin Noon Rotary Foundation: | $57,151 |
| Other organizations performing similar types of work: | $24,470 |
Income to expenses ratio in 2014: 1.4
| This organization: | 1.4 |
| Other organizations performing similar types of work: | 0.5 |
Grants share in income in 2014: 8.4%
| Gallatin Noon Rotary Foundation: | 8.4% |
| 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 | $68,060 | $64,243 | $75,590 |
| Contributions, gifts, grants, and similar amounts received | $4,640 | $4,613 | $6,386 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $2,930 | $2,805 | $2,166 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $58,582 | $54,820 | $64,930 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $69,143 | $61,149 | $71,126 |
| Less: direct expenses from gaming and fundraising events | $10,561 | $6,329 | $6,196 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $1,908 | $2,005 | $2,108 |
| Total expenses | $58,659 | $63,052 | $57,151 |
| Total net assets | $115,172 | $114,358 | $130,689 |
| Excess/Deficit for the year | $9,401 | $1,191 | $18,439 |
| Net assets or fund balances at beginning of year | $109,933 | $115,172 | $114,358 |
| Other changes in net assets or fund balances | $-4,162 | $-2,005 | $-2,108 |
| Net assets or fund balances at end of year | $114,358 | $130,689 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $115,172 | $114,358 | $130,689 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $115,172 | $114,358 | $130,689 |
| 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 | $372,387 |
| Subtotal | $372,387 |
| Gifts, grants, contributions, and membership fees received | $89,799 |
| 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 | $282,588 |
| 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 | $385,294 |
| Public support | $372,387 |
| Subtotal | $12,907 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $12,907 |
| 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 |
| Write your review! |
|
|
| Recently Added Reviews |
Joy Center Inc in Lebanon, TN
 |
| Dandridge Lions Club in Dandridge, TN |
Generation Changers Church in Nashville, TN
 |
|
Faith Charities in Luttrell, TN
|
| Prancing Tigerettes Inc in Memphis, TN |
|
South Central Kingsport Community Development Inc in Kingsport, TN
|
|
Jw Community Resources Inc in Germantown, TN
|
|
Miracles In Motion Inter Healing Center, Sam Corley Ministries in Hendersonville, TN
|
|
St Sampson Medical Clinic in Nashville, TN
|
|
Chattanooga Deaf Community Center in Chattanooga, TN
|
| 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 | Tnachieves | 10427 Petsafe Way, Knoxville, TN 37932-3428 | TN | 2011-04 | $3,950,171 |
| 5 | Memphis Teacher Residency Inc | PO BOX 241639, Memphis, TN 38124-1639 | TN | 2009-12 | $2,978,737 |
| 6 | Richard Siegel Foundation | PO BOX 7100, Murfreesboro, TN 37133-7100 | TN | 1999-07 | $2,684,192 |
| 7 | Paul B Crow And Frances M Crow Aviation Scholarship Trust | 1100 Ridgeway Loop Rd Ste 600, Memphis, TN 38120-4056 | TN | 2014-08 | $2,114,112 |
| 8 | Varney Foundation | PO BOX 140260, Nashville, TN 37214-0260 | TN | 2000-08 | $1,236,241 |
| 9 | Peggy Scott Christian Educational Foundation | 6800 Poplar Ave Ste 120, Germantown, TN 38138-7434 | TN | 2013-03 | $827,990 |
| 10 | Ralph Buckner Foundation | 3000 Ralph Buckner Blvd Ne, Cleveland, TN 37311-1469 | TN | 2010-02 | $210,360 |
| 11 | Tennalspe Inc | PO BOX 416, Greeneville, TN 37744-0416 | TN | 1995-12 | $190,758 |
| 12 | W W Mebane Scholarships, Carroll Bnak & Trust Trust Dep | PO BOX 889, Huntingdon, TN 38344-0889 | TN | 2002-03 | $187,823 |
| 13 | Sponsors Scholarship Program | PO BOX 158148, Nashville, TN 37215-8148 | TN | 2005-09 | $184,272 |
| 14 | Franklin Noon Rotary Charitable Foundation Inc | 130 4th Avenue South, Franklin, TN 37064-4625 | TN | 2013-05 | $131,011 |
| 15 | The Scholarship Foundation Of Robertson County | 728 South Main Street, Springfield, TN 37172-2867 | TN | 1996-05 | $127,498 |
| 16 | Juri Bunetta Friendship Foundation | 33 Music Square West, Nashville, TN 37203 | TN | 2014-01 | $101,404 |
| 17 | Pavilion Society Charitable Foundation Inc | P O Box 11212, Knoxville, TN 37939-1212 | TN | 2013-11 | $99,436 |
| 18 | Knoxville Tva Employees Credit Union Foundation | 301 Wall Ave, Knoxville, TN 37902-1407 | TN | 2009-05 | $92,840 |
| 19 | Southern Automotive Womens Forum | Po Box 2807, Brentwood, TN 37027 | TN | 2011-03 | $87,562 |
| 20 | Tennessee Higher Education Initiative Inc | 7400 Cockrill Bend Blvd, Nashville, TN 37209 | TN | 2012-08 | $75,415 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 23,481 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization representatives - add corrected or new information about Gallatin Noon Rotary Foundation »
Non-representatives - add comments about Gallatin Noon Rotary Foundation»