Patrick County Educational Foundation in Stuart, Virginia (VA)
Table of contents:
| Patrick County Educational Foundation | |
| Employer Identification Number (EIN) | 311781368 |
| Name of Organization | Patrick County Educational Foundation |
| In Care of Name | Hunton & Williams |
| Address | PO BOX 497, Stuart, VA 24171-0497 |
| Subsection | Charitable Organization |
| Ruling Date | 07/2001 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2012 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $94,769 |
| Amount of Income | $142,993 |
| Form 990 Revenue Amount | $142,993 |
| 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 2012: $142,993 (it was $363,459 in 2011)
| Patrick County Educational Foundation: | $142,993 |
| Other organizations performing similar types of work: | $86,203 |
Assets in 2012: $94,769 (it was $183,365 in 2011)
| Patrick County Educational Foundation: | $94,769 |
| Other organizations performing similar types of work: | $53,182 |
Expenses in 2011: $347,011
| This organization: | $347,011 |
| Other organizations performing similar types of work: | $53,420 |
Income to expenses ratio in 2011: 0.4
| Patrick County Educational Foundation: | 0.4 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2011: 100.0%
| Patrick County Educational Foundation: | 100.0% |
| Other organizations performing similar types of work: | 12.0% |
Revenue for 2011
Functional expenses for 2011
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2011) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2011) | |
| Total revenue | $363,459 |
| Contributions, Gifts, Grants and Other Similar Amounts | $363,424 |
| Program Service Revenue | $0 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $35 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2011) | |
| Total functional expenses | $347,011 |
| Compensation of current officers, directors, trustees, and key employees | $75,000 |
| Other salaries and wages | $37,757 |
| Payroll taxes | $8,353 |
| Professional fundraising services | $0 |
| Other | $225,901 |
| Balance Sheet (for 2011) | |
| Total assets | $183,365 |
| Total liabilities | $7,900 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $7,900 |
| Total net assets or fund balances | $175,465 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2011) | |
| 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 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2011) | |
| 2007 - 2011 Total | |
|---|---|
| Total support | $1,416,589 |
| Gifts, grants, contributions, and membership fees received | $1,405,749 |
| 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 |
| 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 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $10,229 |
| Other | $611 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Western Carolina University Research & Development Corporation | Hfr Administration Bldg Ste 312, Cullowhee, NC 28723 | NC | 2002-08 | $3,575,122 |
| 2 | Peterson Family Foundation Ii Inc | 12500 Fair Lakes Circle, Fairfax, VA 22033-3804 | VA | 2008-04 | $7,583,492 |
| 3 | Nelson Schools Boosters Bingo Inc | 109 Daves Pl, Arrington, VA 22922-2488 | VA | 2001-01 | $812,989 |
| 4 | Appomattox Educational Foundation | Po Box 727, Petersburg, VA 23804 | VA | 1997-04 | $327,138 |
| 5 | Charter School Capital Access Program Llc, Ccap | 2011 Crystal Dr Ste 750, Arlington, VA 22202-3787 | VA | 2005-07 | $298,743 |
| 6 | Norfolk Education Foundation | 800 East City Hall Avenue, Norfolk, VA 23510-2723 | VA | 2006-12 | $253,771 |
| 7 | Chesapeake Public Schools Educational Foundation | 312 Cedar Rd, Chesapeake, VA 23322-5514 | VA | 2005-12 | $217,660 |
| 8 | Patrick County Educational Foundation | PO BOX 497, Stuart, VA 24171-0497 | VA | 2001-07 | $142,993 |
| 9 | Halifax County Public Schools Education Foundation Inc | PO BOX 1114, Halifax, VA 24558-1114 | VA | 2006-02 | $127,042 |
| 10 | Briar Woods High School Ptso | 22525 Belmont Ridge Road, Ashburn, VA 20148 | VA | 2005-12 | $12,339 |
| 11 | Culpeper Schools Foundation | Po Box 747, Culpeper, VA 22701 | VA | 2003-08 | $0 |
| 12 | Friends Of The Maury Orchestra | 322 Shirley Avenue, Norfolk, VA 23517 | VA | 2007-12 | $0 |
| 13 | Lancaster Band Boosters | P O Box 3, Lancaster, VA 22503 | VA | 2000-11 | $0 |
| 14 | Landstown High School Field Hockey Booster Club | 756 Pinebrook Dr, Virginia Bch, VA 23462-4755 | VA | 2006-05 | $0 |
| 15 | Mersa Alumni Association | 42896 Buttner Sq, Ashburn, VA 20148 | VA | 2009-01 | $0 |
| 16 | Montgomery County Educational Foundation | Po Box 966, Christiansburg, VA 24068 | VA | 2011-09 | $0 |
| 17 | Saxon Stage On Cue | 6520 Georgetown Pike, Mclean, VA 22102 | VA | 2009-11 | $0 |
| 18 | Southeast Vienna Home Tour Association | 850 Shady Dr Se, Vienna, VA 22180-5990 | VA | 2002-08 | $0 |
| 19 | Stone Ridge 5k Race For Education | 42020 Village Center Plaza Ste 120, Stone Ridge, VA 20105 | VA | 2006-11 | $0 |
| 20 | Sugarland Parent Teacher Organization | 65 Sugarland Run Drive, Sterling, VA 20164 | VA | 2006-01 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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