Brazosport Rotary Club Charitable Foundation Inc in Lake Jackson, Texas (TX)

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Brazosport Rotary Club Charitable Foundation Inc
Employer Identification Number (EIN)760363279
Name of OrganizationBrazosport Rotary Club Charitable Foundation Inc
In Care of NameNORMAN WOOD
AddressP O Box 71, Lake Jackson, TX 77566
ActivitiesScholarships (other)
SubsectionCharitable Organization
Ruling Date02/1994
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2009
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$160,002
Amount of Income$338,792
Form 990 Revenue Amount$243,329
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards


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Amount of income in 2009: $338,792 (it was $243,329 in 2014)
Brazosport Rotary Club Charitable Foundation Inc: 

 $338,792
Other organizations performing similar types of work: 

 $50,088

Assets in 2009: $160,002 (it was $160,002 in 2014)
This organization: 

 $160,002
Other organizations performing similar types of work: 

 $160,480

Expenses in 2014: $286,864
Brazosport Rotary Club Charitable Foundation Inc: 

 $286,864
Other organizations performing similar types of work: 

 $41,701

Income to expenses ratio in 2014: 1.2
Brazosport Rotary Club Charitable Foundation Inc: 

 1.2
Other organizations performing similar types of work: 

 1.3

Grants share in income in 2014: 63.8%
This organization: 

 63.8%
Other organizations performing similar types of work: 

 22.2%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Support schedule

Checklist
201220132014
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNoNo
Did the organization report an amount for land, buildings, and equipment?NoYesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other liabilities?NoNoNo
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?NoNoNo
Did the organization obtain separate, independent audited financial statements for the tax year?NoNoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYesYes
Did the organization report more than $15,000 of gross income from gaming activities?YesYesYes
Did the organization operate one or more hospital facilities?NoNoNo
Did the organization attach a copy of its audited financial statements?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?YesYesYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?YesYesYes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoNoNo
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNoNo
A family member of a current or former officer, director, trustee, or key employee?NoNoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNoNo
Did the organization receive more than $25,000 in non-cash contributions?NoYesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNoNo
Was the organization related to any tax-exempt or taxable entity?NoNoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNoNo
Statements Regarding Other IRS Filings and Tax Compliance
2011201220132014
The number reported in Box 3 of Form 1096198
The number of Forms W-2G111
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return000
Did the organization file all required federal employment tax returns?NoNoNo
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNoNo
Has it filed a Form 990-T for this year?NoNoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYesYes
Did the organization notify the donor of the value of the goods or services provided?YesYesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities $0$0$0$0
Gross income from members or shareholders$0$0$0$0
Gross income from other sources$0$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
201220132014
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$0$0$0
Total reportable compensation from related organizations$0$0$0
Total estimated amount of other compensation from the organization and related organizations$0$0$0
Total number of individuals who received more than $100,000 of reportable compensation from the organization000
Total number of independent contractors who received more than $100,000 of compensation from the organization000
Statement of Revenue
2011201220132014
Total revenue$225,493$183,441$266,765$243,329
Contributions, Gifts, Grants and Other Similar Amounts$116,359$107,869$191,884$155,304
Program Service Revenue$7,640$12,381$7,394$12,635
0$12,381$7,394$12,635
All other program service revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$17$159$98$27
Income from investment of tax-exempt bond proceeds$0$0$0$0
Royalties$0$0$0$0
Net rental income$0$0$0$0
Net gain/loss from sales of assets other than inventory$0$0$0$0
Net income/loss from fundraising events$62,798$31,026$22,362$35,450
Gross income from fundraising events$89,235$45,594$81,697$94,055
Less: direct expenses$26,437$14,568$59,335$58,605
Net income/loss from gaming activities$38,679$32,006$45,027$39,913
Gross income from gaming activities$68,990$61,140$80,080$76,771
Less: direct expenses$30,311$29,134$35,053$36,858
Net income/loss from sales of inventory$0$0$0$0
Miscellaneous Revenue$0$0$0$0
Statement of Functional Expenses
2011201220132014
Total functional expenses$146,995$176,928$184,733$286,864
Grants and other assistance to domestic organizations and domestic governments$113,964$102,911$187,513
Grants and other assistance to domestic individuals$27,100$31,100$31,250
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$0$0$0$0
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$0$0$0$0
Pension plan accruals and contributions$0$0$0
Other employee benefits$0$0$0
Payroll taxes$0$0$0$0
Fees for services (non-employees)
Management$0$0$0
Legal$0$0$0
Accounting$5,450$5,225$5,450
Lobbying$0$0$0
Professional fundraising services$0$0$0$0
Investment management fees$0$0$0
Other$0$0$0
Advertising and promotion$0$0$0
Office expenses$0$0$0
Information technology$0$0$0
Royalties$0$0$0
Occupancy$0$0$7,200
Travel$0$0$0
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$0$0$0
Interest$0$0$0
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$0$1,400$1,400
Insurance$0$0$0
Other expenses$10,776$22,877$27,239
Other expenses$4,408$7,116$11,595
Other expenses$3,024$6,688$7,251
Other expenses$2,696$5,110$5,251
Other expenses$9,510$2,306$2,715
Balance Sheet
2011201220132014
Total assets$97,039$106,330$205,618$160,002
Cash - non-interest-bearing$25,415$70,412$27,352
Savings and temporary cash investments$80,258$105,961$106,067
Pledges and grants receivable, net$0$0$0
Accounts receivable, net$657$1,262$0
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$0$0$0
Land, buildings, and equipment: cost or other basis$0$27,983$26,583
Investments - publicly traded securities$0$0$0
Investments - other securities$0$0$0
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$0$0$0
Total liabilities$10,145$12,923$2,160$0
Total net assets or fund balances$86,894$93,407$203,458$160,002
Unrestricted net assets$93,407$203,458$160,002
Temporarily restricted net assets$0$0$0
Permanently restricted net assets$0$0$0
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0$0
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 supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014)
2010 - 2014 Total
Public support$1,228,028
Subtotal$1,228,028
Gifts, grants, contributions, and membership fees received$564,866
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$376,181
Gross receipts from activities that are not an unrelated trade or business under section 513$286,981
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$1,228,329
Public support$1,228,028
Subtotal$301
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$301
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
IdNameAddressStateEstablishedTotal Income
1Brazosport Rotary Club Charitable Foundation IncP O Box 71, Lake Jackson, TX 77566TX1994-02$338,792
2Rockwall County A & M ClubPO BOX 214, Rockwall, TX 75087-0214TX1991-04$33,628
3Thomas E Anding & Emilyne Weed Anding Foundation4350 Shady Hill Dr, Dallas, TX 75229-2863TX1998-11$13,861
4Rnc Incorporated14902 Preston Rd 404 Pm Box 514, Dallas, TX 75254-9191TX1996-04$9,750
5Insight International Inc5421 La Sierra Dr, Dallas, TX 75231-4107TX1994-07$1,300
6Comfort Public Education FoundationP O Box 1102, Comfort, TX 78013-1102TX1992-08$0
7Derrick Eakin Memorial Scholarship Foundation333 Clay St Ste 3485, Houston, TX 77002-4109TX1993-07$0
8Frisco Rotary Scholarship FundPO BOX 130, Frisco, TX 75034-0003TX1991-11$0
9Fulshear Simonton Career Dreamers IncPO BOX 711, Simonton, TX 77476-0711TX1993-02$0
10Math And Science Boosters IncP O Box 2986, Midland, TX 79702TX1991-06$0
11Richardson Rotary Foundation100 N Central Expressway Suite 500, Richardson, TX 75080TX1992-02$0
12Rocks Inc El Paso ChapterPO BOX 31315, El Paso, TX 79931-0315TX1998-03$0
13Rotary Club Foundation Of Keller IncPo Box 26, Keller, TX 76244-0026TX1996-07$0
14Ryan Scherbel FoundationPO BOX 969, Willis, TX 77378-0969TX1995-06$0
15Shorty & Lola Brock Scholarship FundPo Box 806, Crane, TX 79731TX1992-03$0
16The Gus And Ethel Houdmann Scholarship Fund, Holland Lana Diana Giesler Co-TteeRr 1 Box 290a, George West, TX 78022-9727TX1992-06$0
17Trinity Valley Masonic Lodge, Trinity Vallegy Masonic Lodge 1048 Charitable Foundation1613 Versaillel, Richardson, TX 75081TX1992-09$0
18Walker County Timber Growers Association IncPO BOX 1745, Huntsville, TX 77342-1745TX1991-06$0
19Wichita Falls Csi Foundation Inc4110 Kell, Wichita Falls, TX 76309TX1993-03$0
20World Button Accordian Association Inc710 West Shore Dr, Richardson, TX 75080TX1992-01$0
Number of organizations performing similar types of work
Alabama3
Arkansas2
Arizona3
California8
Colorado5
Connecticut3
District of Columbia2
Delaware1
Florida11
Georgia1
Hawaii1
Iowa3
Illinois9
Indiana1
Kansas1
Kentucky3
Massachusetts7
Maryland3
Maine1
Michigan3
Minnesota2
Missouri5
Montana1
North Carolina2
Nebraska1
New Hampshire1
New Jersey6
New York16
Ohio2
Oklahoma6
Oregon3
Pennsylvania6
Rhode Island1
Tennessee2
Texas27
Utah1
Virginia4
Vermont2
Wisconsin7
Wyoming2
Total168

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