Educational And Charitable Foundation Of Lko in Merrifield, Virginia (VA)
Table of contents:
| Educational And Charitable Foundation Of Lko | |
| Employer Identification Number (EIN) | 542056590 |
| Name of Organization | Educational And Charitable Foundation Of Lko |
| Address | PO BOX 842, Merrifield, VA 22116-2842 |
| Subsection | Charitable Organization |
| Ruling Date | 07/2002 |
| 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 | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $90,796 |
| Amount of Income | $101,281 |
| Form 990 Revenue Amount | $37,510 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2013: $101,281 (it was $56,054 in 2012)
| Educational And Charitable Foundation Of Lko: | $101,281 |
| Other organizations performing similar types of work: | $68,292 |
Assets in 2013: $90,796 (it was $70,867 in 2012)
| This organization: | $90,796 |
| Other organizations performing similar types of work: | $56,708 |
Expenses in 2013: $18,113
| Educational And Charitable Foundation Of Lko: | $18,113 |
| Other organizations performing similar types of work: | $47,239 |
Income to expenses ratio in 2013: 5.6
| Educational And Charitable Foundation Of Lko: | 5.6 |
| Other organizations performing similar types of work: | 1.8 |
Grants share in income in 2013: 34.1%
| This organization: | 34.1% |
| Other organizations performing similar types of work: | 0.5% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $19,600 | $27,758 | $37,510 |
| Contributions, gifts, grants, and similar amounts received | $500 | $13,500 | $12,805 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $36 | $33 | $18 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $18,959 | $13,923 | $24,203 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $56,290 | $42,219 | $87,974 |
| Less: direct expenses from gaming and fundraising events | $37,331 | $28,296 | $63,771 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $105 | $302 | $484 |
| Total expenses | $20,786 | $19,214 | $18,113 |
| Total net assets | $62,149 | $70,867 | $90,796 |
| Excess/Deficit for the year | $-1,186 | $8,544 | $19,397 |
| Net assets or fund balances at beginning of year | $63,047 | $62,149 | $70,867 |
| Other changes in net assets or fund balances | $288 | $174 | $532 |
| Net assets or fund balances at end of year | $70,867 | $90,796 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $62,149 | $70,867 | $90,796 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $62,149 | $70,867 | $90,796 |
| 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 | $335,546 |
| Subtotal | $335,546 |
| Gifts, grants, contributions, and membership fees received | $27,805 |
| 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 | $0 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $307,741 |
| 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 | $335,796 |
| Public support | $335,546 |
| Subtotal | $250 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $250 |
| 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 | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The University Of Arkansas Fort Smith Foundation Inc | PO BOX 3649, Fort Smith, AR 72913-3649 | AR | 1975-01 | $25,316,256 |
| 2 | Rsf Social Investment Fund Inc | 1002 Oreilly Ave, San Francisco, CA 94129-5257 | CA | 2000-12 | $4,721,971 |
| 3 | The Elizabeth Bowers Zambia Education Fund | Po Box 294, Salem, OR 97308-0294 | OR | 2007-03 | $49,547 |
| 4 | St Stephen S And St Agnes School Foundation | 400 Fontaine St, Alexandria, VA 22302-3701 | VA | 1994-03 | $8,774,212 |
| 5 | Southwest Virginia Higher Education Center Foundation, Dr Rachel Fowlkes | 1 Partnership Cir, Abingdon, VA 24210-1000 | VA | 2014-05 | $8,730,454 |
| 6 | R & M Fink Fam Tr | 5873 Iron Stone Ct, Centreville, VA 20120-4915 | VA | 2001-11 | $5,062,246 |
| 7 | The Library Of Virginia Foundation | 800 E Broad St, Richmond, VA 23219-1905 | VA | 1985-03 | $2,267,525 |
| 8 | William And Mary Real Estatefoundation | PO BOX 8795, Williamsburg, VA 23187-8795 | VA | 2007-11 | $1,314,872 |
| 9 | Richard David Stutzke Foundation | 5323 Pillow Ln, Springfield, VA 22151-1933 | VA | 2013-07 | $1,195,730 |
| 10 | U S Naval Sea Cadet Foundation Inc | 2300 Wilson Blvd Ste 200, Arlington, VA 22201-5435 | VA | 2004-02 | $513,869 |
| 11 | Lynchburg Beacon Of Hope | PO BOX 1261, Lynchburg, VA 24505-1261 | VA | 2012-06 | $356,431 |
| 12 | The Brown Foundation | 2620 E Gretna Rd, Gretna, VA 24557-4635 | VA | 2001-04 | $350,127 |
| 13 | Grassfield Orchestra Parents Association | 2007 Grizzly Trl, Chesapeake, VA 23323-6716 | VA | 2013-01 | $169,808 |
| 14 | Buckland Mills Elementary Pto | 10511 Wharfdale Place, Gainesville, VA 20155 | VA | 2011-10 | $109,917 |
| 15 | Washington Association For Korean Schools | 4535 King Edward Ct, Annandale, VA 22003-5708 | VA | 2008-04 | $107,146 |
| 16 | East Rockingham Athletic Booster Club Inc | 250 Eagle Rock Rd, Elkton, VA 22827-3276 | VA | 2014-08 | $85,726 |
| 17 | Rappahannock County High School Band Booster Association | 12576 Lee Hwy, Washington, VA 22747-1928 | VA | 2006-01 | $50,436 |
| 18 | Fort Myer Swim Team Boosters | 8804 Pear Tree Village Ct, Alexandria, VA 22309-4221 | VA | 2012-05 | $44,283 |
| 19 | Rockbridge County Public Schools Foundation Inc | PO BOX 1042, Lexington, VA 24450-1042 | VA | 2005-08 | $42,343 |
| 20 | National Coalition Of Healthcare Providers | 2922 Stuart Dr, Falls Church, VA 22042-1431 | VA | 2014-10 | $24,000 |
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