Mike Grace Memorial Scholarship Fund in Franklin, Tennessee (TN)
Table of contents:
| Mike Grace Memorial Scholarship Fund | |
| Employer Identification Number (EIN) | 621175180 |
| Name of Organization | Mike Grace Memorial Scholarship Fund |
| Address | 125 Southeast Parkway, Franklin, TN 37064-3925 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 01/1985 |
| 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 | 06/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $403,496 |
| Amount of Income | $47,544 |
| Form 990 Revenue Amount | $27,012 |
Non-representatives - add comments:
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $44,904 | $23,942 | $27,012 |
| Contributions, gifts, grants, and similar amounts received | $44,030 | $24,187 | $26,879 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $6,241 | $6,999 | $7,265 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $-5,367 | $-7,244 | $-7,132 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $11,256 | $12,328 | $13,400 |
| Less: direct expenses from gaming and fundraising events | $16,623 | $19,572 | $20,532 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $23,508 | $21,425 | $23,400 |
| Total net assets | $397,367 | $399,884 | $403,496 |
| Excess/Deficit for the year | $21,396 | $2,517 | $3,612 |
| Net assets or fund balances at beginning of year | $375,971 | $397,367 | $399,884 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $399,884 | $403,496 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $397,367 | $399,884 | $403,496 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $397,367 | $399,884 | $403,496 |
| 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: (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 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $331,847 |
| Subtotal | $331,847 |
| Gifts, grants, contributions, and membership fees received | $144,854 |
| 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 | $186,993 |
| 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 | $370,422 |
| Public support | $331,847 |
| Subtotal | $38,575 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $38,575 |
| 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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| Other organizations in Tennessee | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Middle Tn Branch Of The Assoc Gen Contractors Of Tn | 2924 Foster Creighton Dr, Nashville, TN 37204-3719 | TN | 1987-07 | $387,878 |
| 2 | Middle Tn Chptr 34 American Soc Of Professional Estimators | PO BOX 40127, Nashville, TN 37204-0127 | TN | 2008-12 | $7,713 |
| 3 | Middle-Tennessee Pow-Wow Inc | 213 Maple Hill Road, Lebanon, TN 37087 | TN | 1998-10 | $0 |
| 4 | Midsouth Airshow Foundation Inc | 2344 Wood Bridge Cv, Memphis, TN 38119-7642 | TN | 2001-02 | $24 |
| 5 | Midsouth Ehealth Alliance | 20 Dudley St Ste 900, Memphis, TN 38103-4904 | TN | 2006-03 | $590,040 |
| 6 | Midsouth Grain Inspection Services | PO BOX 13302, Memphis, TN 38113-0302 | TN | 1959-02 | $5,918,009 |
| 7 | Midsouth Residential Care Center Inc | PO BOX 28422, Memphis, TN 38128 | TN | 1986-09 | $69,363 |
| 8 | Midtown Counseling Inc | 1835 Union Ave Ste 101, Memphis, TN 38104-3943 | TN | 1988-03 | $71,123 |
| 9 | Midway Volunteer Fire Dept | 90 Community Center Ln, Midway, TN 37809-4008 | TN | 2000-06 | $12,923 |
| 10 | Mike Curb Family Foundation | 48 Music Sq E, Nashville, TN 37203-4323 | TN | 1998-12 | $6,457,837 |
| 11 | Mike Grace Memorial Scholarship Fund | 125 Southeast Parkway, Franklin, TN 37064-3925 | TN | 1985-01 | $47,544 |
| 12 | Mike Patton Ministries | 472 13th Ave, Dayton, TN 37321 | TN | 2005-08 | $34,850 |
| 13 | Mike Speck Ministries | 117 Gerrs Drive, Lebanon, TN 37087 | TN | 1986-06 | $328,724 |
| 14 | Milan Chamber Of Commerce Inc | 1069 S Main St, Milan, TN 38358-2748 | TN | 1984-04 | $125,113 |
| 15 | Milan Christian Care Center Inc | 5061 N 1st St, Milan, TN 38358-1721 | TN | 1994-01 | $280,041 |
| 16 | Milan Downtown Association | P O Box 738, Milan, TN 38358 | TN | 2009-01 | $0 |
| 17 | Milan Endowment For Growth In Academics Inc | PO BOX 641, Milan, TN 38358-0641 | TN | 1989-12 | $188,047 |
| 18 | Milan Family Ymca | 5207 Industrial Dr, Milan, TN 38358-3116 | TN | 1994-10 | $290,740 |
| 19 | Milan Golf And Country Club | 3079 Ledbetter Gate Rd, Milan, TN 38358-6629 | TN | 1976-03 | $442,077 |
| 20 | Milan High School Alumni Association Inc | PO BOX 223, Milan, TN 38358-0223 | TN | 1988-11 | $37,100 |
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