Sunrise Rotary Scholarship Foundation Inc in Geronimo, Texas (TX)
Table of contents:
| Sunrise Rotary Scholarship Foundation Inc | |
| Employer Identification Number (EIN) | 742739712 |
| Name of Organization | Sunrise Rotary Scholarship Foundation Inc |
| In Care of Name | Donald M Malmsten |
| Address | PO BOX 422, Geronimo, TX 78115-0422 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Scholarships (other) |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 04/1995 |
| 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 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $197,035 |
| Amount of Income | $39,786 |
| Form 990 Revenue Amount | $26,118 |
| 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: $39,786 (it was $35,693 in 2013)
| Sunrise Rotary Scholarship Foundation Inc: | $39,786 |
| Other organizations performing similar types of work: | $41,680 |
Assets in 2014: $197,035 (it was $192,322 in 2013)
| This organization: | $197,035 |
| Other organizations performing similar types of work: | $65,579 |
Expenses in 2014: $18,587
| This organization: | $18,587 |
| Other organizations performing similar types of work: | $24,470 |
Income to expenses ratio in 2014: 2.1
| This organization: | 2.1 |
| Other organizations performing similar types of work: | 0.5 |
Grants share in income in 2014: 31.8%
| This organization: | 31.8% |
| 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 | $25,813 | $22,119 | $26,118 |
| Contributions, gifts, grants, and similar amounts received | $10,229 | $8,407 | $8,309 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $4,704 | $4,993 | $4,845 |
| Gain/Loss from sale of assets other than inventory | $2,493 | $2,831 | $4,180 |
| Gross amount from sale of assets other than inventory | $96,745 | $16,405 | $17,467 |
| Less: cost or other basis and sales expenses | $94,252 | $13,574 | $13,287 |
| Net income/loss from gaming and fundraising events | $3,151 | $0 | $1,029 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $4,505 | $0 | $1,410 |
| Less: direct expenses from gaming and fundraising events | $1,354 | $0 | $381 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $5,236 | $5,880 | $7,755 |
| Total expenses | $22,557 | $23,058 | $18,587 |
| Total net assets | $129,761 | $128,822 | $136,353 |
| Excess/Deficit for the year | $3,256 | $-939 | $7,531 |
| Net assets or fund balances at beginning of year | $126,505 | $129,761 | $128,822 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $128,822 | $136,353 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $184,361 | $192,322 | $197,035 |
| Total liabilities | $54,600 | $63,500 | $60,682 |
| Net assets or fund balances | $129,761 | $128,822 | $136,353 |
| 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 | $61,772 |
| Subtotal | $64,518 |
| Gifts, grants, contributions, and membership fees received | $55,761 |
| 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 | $66 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $8,691 |
| 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 | $2,746 |
| Amounts received from disqualified persons | $2,746 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $120,546 |
| Public support | $64,518 |
| Subtotal | $21,116 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $21,116 |
| 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 | $34,912 |
| Write your review! |
|
|
| Recently Added Reviews |
Abundant Grace Praise & Worship Church in Houston, TX
  |
|
Aglow International, 2010896 San Angelo Tx Community Lighthouse Aglow Intl San Angelo Tx in San Angelo, TX
|
| Bob And Dani Muckleroy Foundation in Ovilla, TX |
|
New Beginnings House Of Prayer in Galena Park, TX
|
|
Labor Of Faith Inc in Pearland, TX
|
|
Vandemataram Foundation Usa Inc in Lewisville, TX
|
Pathways Core Training Inc in Irving, TX
 |
|
Mount Sinai Grand Lodge Community Foundation in Houston, TX
|
|
Pogue Family Missions Society in Mckinney, TX
|
| United Christian Services Inc in Hemphill, TX |
| 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 | Smart Bowling Scholarship Funding Corporation | 621 Six Flags Dr, Arlington, TX 76011-6305 | TX | 2011-01 | $21,562,960 |
| 5 | Panhandle-Plains Management & Servicing Corporation | PO BOX 839, Canyon, TX 79015-0839 | TX | 2014-04 | $7,578,585 |
| 6 | Neches Higher Education Authority Inc | 2600 Washington Avenue, Waco, TX 76710 | TX | 2006-10 | $4,386,211 |
| 7 | San Angelo Stock Show & Rodeo Foundation | 200 W 43rd St, San Angelo, TX 76903-1675 | TX | 2002-05 | $3,374,194 |
| 8 | Leon Higher Education Authority Inc | 2600 Washington Avenue, Waco, TX 76710 | TX | 2006-10 | $2,929,229 |
| 9 | San Antonio Livestock Exposition Educational Fund Inc | PO BOX 200230, San Antonio, TX 78220-0230 | TX | 2013-02 | $2,770,099 |
| 10 | Stars Scholarship Fund | PO BOX 3068, Mcallen, TX 78502-3068 | TX | 2004-03 | $2,464,771 |
| 11 | Usaa Educational Foundation | 9800 Fredericksburg Rd, San Antonio, TX 78288-0001 | TX | 1999-06 | $2,418,439 |
| 12 | Randy L Wendt Foundation | PO BOX 33083, Amarillo, TX 79120-3083 | TX | 2015-02 | $2,212,458 |
| 13 | The Forte Foundation | 1809 Big Canyon Dr, Austin, TX 78746-7204 | TX | 2004-01 | $2,012,729 |
| 14 | Mclaughlin Doty Foundation | PO BOX 769, Hunt, TX 78024-0769 | TX | 2011-09 | $1,933,724 |
| 15 | Louis And Mary Kay Smith Family Foundation Inc | 11607 Oak Glen Ct, Houston, TX 77024-5147 | TX | 2011-11 | $1,775,154 |
| 16 | The Tstc Foundation | 3801 Campus Dr, Waco, TX 76705-1607 | TX | 2001-04 | $1,365,835 |
| 17 | Western Texas College Foundation | 6200 College Ave, Snyder, TX 79549-6105 | TX | 1982-02 | $1,287,529 |
| 18 | Trinity Valley Exposition | PO BOX 9047, Liberty, TX 77575-2747 | TX | 1981-12 | $1,253,920 |
| 19 | Compadres For Scholarships | P O Box 5569, San Antonio, TX 78201 | TX | 2007-05 | $1,218,345 |
| 20 | Loraine Education Foundation Inc | PO BOX 457, Loraine, TX 79532-0457 | TX | 2014-10 | $1,205,344 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 23,481 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization representatives - add corrected or new information about Sunrise Rotary Scholarship Foundation Inc »
Non-representatives - add comments about Sunrise Rotary Scholarship Foundation Inc»