Asparagus Club in Arlington, Virginia (VA)
Table of contents:
Asparagus Club | |
Employer Identification Number (EIN) | 133208336 |
Name of Organization | Asparagus Club |
Address | 1005 N Glebe Rd Ste 250, Arlington, VA 22201-5758 |
Activities | Scholarships (other) |
Subsection | Charitable Organization |
Ruling Date | 09/1993 |
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 | 05/2014 |
Assets | $25,000 to $99,999 |
Income | $1 to $9,999 |
Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
Asset Amount | $43,675 |
Amount of Income | $8,084 |
Form 990 Revenue Amount | $6,697 |
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: $8,084 (it was $14,517 in 2013)
This organization: | $8,084 |
Other organizations performing similar types of work: | $72,336 |
Assets in 2014: $43,675 (it was $55,211 in 2013)
This organization: | $43,675 |
Other organizations performing similar types of work: | $239,394 |
Expenses in 2014: $14,093
Asparagus Club: | $14,093 |
Other organizations performing similar types of work: | $40,888 |
Income to expenses ratio in 2014: 0.6
Asparagus Club: | 0.6 |
Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2014: 89.4%
This organization: | 89.4% |
Other organizations performing similar types of work: | 0.1% |
Revenue for 2014
Support schedule
Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
2012 | 2013 | 2014 | |
---|---|---|---|
Total revenue | $16,737 | $10,772 | $6,697 |
Contributions, gifts, grants, and similar amounts received | $4,920 | $10,105 | $5,985 |
Program service revenue including government fees and contracts | $0 | $0 | $0 |
Membership dues and assessments | $0 | $50 | $0 |
Investment income | $10,217 | $842 | $99 |
Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
Net income/loss from gaming and fundraising events | $780 | $-1,145 | $-287 |
Gross income from gaming | $0 | $0 | $0 |
Gross income from fundraising events | $13,158 | $2,600 | $1,100 |
Less: direct expenses from gaming and fundraising events | $12,378 | $3,745 | $1,387 |
Gross profit/loss from sales of inventory | $0 | $0 | $0 |
Other revenue | $820 | $920 | $900 |
Total expenses | $9,799 | $14,806 | $14,093 |
Total net assets | $55,120 | $51,086 | $43,675 |
Excess/Deficit for the year | $6,938 | $-4,034 | $-7,396 |
Net assets or fund balances at beginning of year | $48,182 | $55,120 | $51,086 |
Other changes in net assets or fund balances | $0 | $0 | $-15 |
Net assets or fund balances at end of year | $51,086 | $43,675 |
Balance Sheets | |||
2012 | 2013 | 2014 | |
---|---|---|---|
Total assets | $55,185 | $55,211 | $43,675 |
Total liabilities | $65 | $4,125 | $0 |
Net assets or fund balances | $55,120 | $51,086 | $43,675 |
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 a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
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 2010 - 2014) | |
2010 - 2014 Total | |
---|---|
Public Support | $52,295 |
Subtotal Support | $52,295 |
Gifts, grants, contributions, and membership fees received | $52,295 |
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 | $68,860 |
Public Support | $52,295 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $13,925 |
Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
Other income. Do not include gain or loss from the sale of capital assets | $2,640 |
Gross receipts from related activities, etc. | $70,216 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Sylvester H Reed Memorial Trust | PO BOX 1111, Pflugerville, TX 78691-1111 | TX | 1998-01 | $1,242,927 |
2 | Special Operations Fund | 901 N Stuart St Ste 200, Arlington, VA 22203-1821 | VA | 1992-10 | $2,645,532 |
3 | Truckload Carriers Association Scholarship Fund Inc | 555 East Braddock Road, Alexandria, VA 22314-2182 | VA | 1973-09 | $1,583,973 |
4 | Ukrops Educational Foundation | 2001 Maywill St Ste 100, Richmond, VA 23230-3236 | VA | 1996-02 | $531,144 |
5 | Ralph Stuart Stowers Scholarship Trust | PO BOX 687, Tazewell, VA 24651-0687 | VA | 1997-10 | $369,444 |
6 | The Florence And Hyman Meyers Family Foundation | 1606 Stoneycreek Dr, Richmond, VA 23238-4125 | VA | 1995-08 | $358,547 |
7 | Ruth L Logsdon Charitable Tr Uw | PO BOX 5228, Martinsville, VA 24115-5228 | VA | 1996-04 | $335,715 |
8 | Tidewater Youth Services Foundation | 2404 Airline Blvd, Portsmouth, VA 23701-2912 | VA | 1992-04 | $198,984 |
9 | Smith Mountain Lake Lions Club Scholarship Trust Inc | PO BOX 655, Hardy, VA 24101-0655 | VA | 1991-06 | $176,971 |
10 | Vaw Vrc Officers Spouses Assoc Vaw Vrc Memorial Scholarship Fund | PO BOX 15322, Norfolk, VA 23511-0322 | VA | 1998-12 | $148,908 |
11 | The Lucy Pannill Sale Foundation | 231 E Church St Ste 5, Martinsville, VA 24112-2839 | VA | 1995-02 | $130,475 |
12 | Suffolk Education Foundation | PO BOX 394, Suffolk, VA 23439-0394 | VA | 1993-11 | $129,800 |
13 | Smiy Fam Foundation Tr, Smiy Paul R Ttee | 11330 Avocet Dr, Chesterfield, VA 23838-8945 | VA | 1997-07 | $115,933 |
14 | Strasburg Community Scholarship Trust Fund Inc | 112 W King St, Strasburg, VA 22657-2220 | VA | 1996-11 | $68,578 |
15 | Washington Scots Charity & Educational Fund, St Andrews Society Of Wash Dc | 7410 Heritage Village Plaza, Gainesville, VA 20155-3304 | VA | 1959-03 | $68,102 |
16 | Florida Alpha Educational Foundation Inc | 206 Chapel Lane, Boyce, VA 22620 | VA | 1991-08 | $66,032 |
17 | Virginia Association For The Gifted | PO BOX 1674, Tappahannock, VA 22560-1674 | VA | 1998-10 | $65,421 |
18 | Submarine Officers Wives Club Charitable Association | PO BOX 15409, Norfolk, VA 23511-0409 | VA | 1997-10 | $22,282 |
19 | Hampton Roads Utility & Heavy Contrtrs Assoc Mem Schlship Fndtn, Hruhca | 3105 Western Branch Blvd Ste 5c, Chesapeake, VA 23321-5529 | VA | 1997-02 | $16,941 |
20 | The Virginia Printing Foundation Inc | 212 Independence Rd, Winchester, VA 22602-4501 | VA | 1984-09 | $16,345 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 3,412 |
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