Reach Scholars Foundation in Boulder, Colorado (CO)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
Reach Scholars Foundation | |
Employer Identification Number (EIN) | 208318195 |
Name of Organization | Reach Scholars Foundation |
In Care of Name | Arnold Schaeffer |
Address | 3750 Spring Valley Rd, Boulder, CO 80304-1050 |
Subsection | Educational Organization |
Ruling Date | 05/2007 |
Deductibility | Contributions are deductible |
Foundation | Private non-operating foundation |
Organization | Corporation |
Tax Period | 12/2012 |
Assets | $100,000 to $499,999 |
Income | $10,000 to $24,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $148,645 |
Amount of Income | $23,172 |
Form 990 Revenue Amount | $2,956 |
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 2012: $23,172 (it was $2,956 in 2011)
Reach Scholars Foundation: | $23,172 |
Other organizations performing similar types of work: | $41,680 |
Assets in 2012: $148,645 (it was $167,242 in 2011)
Reach Scholars Foundation: | $148,645 |
Other organizations performing similar types of work: | $65,579 |
Expenses in 2012: $31,774
This organization: | $31,774 |
Other organizations performing similar types of work: | $24,470 |
Income to expenses ratio in 2012: 0.7
This organization: | 0.7 |
Other organizations performing similar types of work: | 0.5 |
Grants share in income in 2012: 0.0%
This organization: | 0.0% |
Other organizations performing similar types of work: | 9.0% |
Revenue for 2012
Expenses for 2012
Assets for 2012
Analysis of Revenue and Expenses (for 2012) | ||||
Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
---|---|---|---|---|
Total revenue | $5,177 | $5,177 | $0 | |
Contributions, gifts, grants, etc., received | $0 | |||
Interest on savings and temporary cash investments | $2 | |||
Dividends and interest from securities | $3,170 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $0 | |||
Other | $2,005 | |||
Total expenses and disbursements | $31,774 | $410 | $0 | $31,364 |
Compensation of officers, directors, trustees, etc. | $0 | |||
Total operating and administrative expenses | $1,674 | $410 | $1,264 | |
Contributions, gifts, grants paid | $30,100 | |||
Excess of revenue over expenses and disbursements | $-26,597 | |||
Net investment income | $4,767 | |||
Adjusted net income | $0 |
Balance Sheets (for 2012) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $148,645 | $172,409 |
Cash - non-interest-bearing | $0 | |
Investments-U.S. and state government obligations | $0 | |
Investments-corporate stock | $143,054 | |
Investments-corporate bonds | $0 | |
Investments-mortgage loans | $0 | |
Investments-other | $0 | |
Other | $5,591 | |
Total liabilities | $1 | |
Mortgages and other notes payable | $0 | |
Other | $1 | |
Total liabilities and net assets/fund balances | $148,645 |
Capital Gains and Losses for Tax on Investment Income (for 2012) | |
Capital gain net income | $2,005 |
Net capital loss | $0 |
Excise Tax Based on Investment Income (for 2012) | |
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
Tax based on investment income | $95 |
Total credits and payments | $1,792 |
2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,792 |
Exempt foreign organizations-tax withheld at source | $0 |
Tax paid with application for extension of time to file (Form 8868) | $0 |
Backup withholding erroneously withheld | $0 |
Any penalty for underpayment of estimated tax | $0 |
Tax due | $0 |
Overpayment | $1,697 |
Amount to be credited to 2013 estimated tax | $1,697 |
Statements Regarding Activities (for 2012) | |
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
During the year did the foundation (either directly or indirectly): | |
Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
Agree to pay money or property to a government official? | No |
At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
During the year did the foundation pay or incur any amount to: | |
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
Provide a grant to an individual for travel, study, or other similar purposes? | No |
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
Minimum Investment Return (for 2012) | |
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $184,390 |
Net value of noncharitable-use assets | $181,620 |
Minimum investment return | $9,081 |
Distributable Amount (for 2012) | |
Distributable amount | $16,986 |
Undistributed Income (for 2012) | |
Distributable amount for 2012 | $16,986 |
Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
Private Operating Foundations (for 2012) | |||||
2012 | 2011 | 2010 | 2009 | Total | |
---|---|---|---|---|---|
The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
Value of all assets | $0 | $0 | $0 | $0 | $0 |
Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
Gross investment income | $0 | $0 | $0 | $0 | $0 |
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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 | Western Union Foundation Inc | 12510 E Belford Ave M21b7, Englewood, CO 80112-5939 | CO | 2001-02 | $11,522,832 |
5 | The Lu Foundation | 222 Milwaukee Street, Denver, CO 80206-5008 | CO | 2006-06 | $3,600,120 |
6 | William Stretesky Foundation, Carlson Max E Ttee | 306 Cedar St, Julesburg, CO 80737 | CO | 2002-10 | $1,076,564 |
7 | School Reform Initiative Inc | 1550 Larimer Street 257, Denver, CO 80202-1602 | CO | 2010-05 | $503,063 |
8 | Leland Tr, David O Colver Ttee | 24643 County Road 29, Holyoke, CO 80734-9253 | CO | 2011-02 | $362,828 |
9 | One To Another Inc | 7793 Surrey Dr, Morrison, CO 80465-2404 | CO | 2015-02 | $272,466 |
10 | Trashmasters International Inc | PO BOX 6200, Snowmass Vlg, CO 81615-6200 | CO | 1997-03 | $269,648 |
11 | Tabeguache Foundation | 1045 Hunters Ridge Dr, Colorado Spgs, CO 80919-7949 | CO | 2008-07 | $201,630 |
12 | Christopher R Burtis Foundation Inc | 7730 E Belleview Ave Ste Ag3, Greenwood Vlg, CO 80111-2616 | CO | 2013-09 | $160,672 |
13 | Quality Community Foundation | 7887 E 60th Ave, Commerce City, CO 80022-4199 | CO | 2009-05 | $130,830 |
14 | The Edna A@layton Trust | PO BOX 1159, Longmont, CO 80502-1159 | CO | 2000-04 | $130,746 |
15 | Telluride Rotary Foundation Inc | PO BOX 1265, Telluride, CO 81435-1265 | CO | 2003-10 | $109,392 |
16 | Buffalo Public Schools Foundation Inc | P O Box 6 315 Lee St, Merino, CO 80741 | CO | 2013-04 | $102,522 |
17 | Western Colorado Golf Foundation | PO BOX 2415, Grand Jct, CO 81502-2415 | CO | 2001-06 | $92,310 |
18 | Cheyenne Mountain Civic Solutions | 205 E Cheyenne Mountain Blvd, Colorado Springs, CO 80906-3704 | CO | 2010-04 | $89,869 |
19 | Captain Jason Dahl Scholarship Fund, Dahl Fund | 2 Wood Sorrel, Littleton, CO 80127 | CO | 2010-12 | $87,842 |
20 | Big Brain Foundation | PO BOX 370567, Denver, CO 80237 | CO | 2010-02 | $85,111 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 23,481 |
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