Guglielmo Charitable Scholarship Foundation Inc in Weirton, West Virginia (WV)
Table of contents:
| Guglielmo Charitable Scholarship Foundation Inc | |
| Employer Identification Number (EIN) | 272225311 |
| Name of Organization | Guglielmo Charitable Scholarship Foundation Inc |
| Address | 1825 Pennsylvania Ave, Weirton, WV 26062-3426 |
| Subsection | Charitable Organization |
| Ruling Date | 08/2010 |
| 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 | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $27,522 |
| Amount of Income | $21,054 |
| Form 990 Revenue Amount | $16,701 |
| 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 2013: $21,054 (it was $15,932 in 2012)
| Guglielmo Charitable Scholarship Foundation Inc: | $21,054 |
| Other organizations performing similar types of work: | $41,680 |
Assets in 2013: $27,522 (it was $28,240 in 2012)
| Guglielmo Charitable Scholarship Foundation Inc: | $27,522 |
| Other organizations performing similar types of work: | $65,579 |
Expenses in 2013: $13,864
| Guglielmo Charitable Scholarship Foundation Inc: | $13,864 |
| Other organizations performing similar types of work: | $24,470 |
Income to expenses ratio in 2013: 1.5
| This organization: | 1.5 |
| Other organizations performing similar types of work: | 0.5 |
Grants share in income in 2013: 0.0%
| Guglielmo Charitable Scholarship Foundation Inc: | 0.0% |
| Other organizations performing similar types of work: | 9.0% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $11,276 | $13,097 | $16,701 |
| Contributions, gifts, grants, and similar amounts received | $627 | $0 | $0 |
| Program service revenue including government fees and contracts | $0 | $5,570 | $14,400 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $202 | $3 | $4 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $-1,519 |
| Gross amount from sale of assets other than inventory | $0 | $0 | $0 |
| Less: cost or other basis and sales expenses | $0 | $0 | $1,519 |
| Net income/loss from gaming and fundraising events | $5,992 | $7,524 | $3,816 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $8,626 | $10,359 | $6,650 |
| Less: direct expenses from gaming and fundraising events | $2,634 | $2,835 | $2,834 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $4,455 | $0 | $0 |
| Total expenses | $6,108 | $12,307 | $13,864 |
| Total net assets | $5,155 | $5,944 | $8,781 |
| Excess/Deficit for the year | $5,168 | $790 | $2,837 |
| Net assets or fund balances at beginning of year | $-13 | $5,154 | $5,944 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $5,944 | $8,781 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $27,158 | $28,240 | $27,522 |
| Total liabilities | $22,003 | $22,296 | $18,741 |
| Net assets or fund balances | $5,155 | $5,944 | $8,781 |
| 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? | Yes | Yes | |
| Total amount involved | $22,296 | $18,586 | |
| 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 | $48,802 |
| Subtotal | $48,802 |
| Gifts, grants, contributions, and membership fees received | $1,532 |
| 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 | $27,300 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $19,970 |
| 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 | $48,802 |
| Public support | $48,802 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 | 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 | West Virginia Broadcasters Educational Foundation | 500 Lee St E Ste 1600, Charleston, WV 25301-3202 | WV | 2002-09 | $1,171,950 |
| 5 | Ernest L Arbuckle - Florida Scholarships Tr | 1300 Chapline Street, Wheeling, WV 26003-3348 | WV | 2013-08 | $662,675 |
| 6 | Aisha Wazir Scholarship Foundation Inc | 118 E Ridge Rd, Charleston, WV 25314-1666 | WV | 2010-04 | $500,989 |
| 7 | Ernest L Arbuckle Gsc Scholarships Trust | 1300 Chapline St, Wheeling, WV 26003-3348 | WV | 2014-06 | $455,606 |
| 8 | The S Katherine Boxwell And Edwin P Churchill West Virginia | PO BOX 40, Charles Town, WV 25414-0040 | WV | 2001-03 | $330,596 |
| 9 | West Virginia Sheriffs Association | PO BOX 3031, Charleston, WV 25331-3031 | WV | 1997-01 | $150,650 |
| 10 | Higher Education Research And Scholarship Foundation | 111 W Congress St, Charles Town, WV 25414-1621 | WV | 2011-11 | $150,000 |
| 11 | West Virginia Citizen Action Education Fund Inc | 1500 Dixie St, Charleston, WV 25311-1904 | WV | 2003-05 | $147,895 |
| 12 | The Emerich Scholarship Charitable Trust | 10 Hale St Ste 100, Charleston, WV 25301-2846 | WV | 2001-01 | $117,825 |
| 13 | Scott E Stilley Memorial Foundation Inc, Jones James S Ttee | 288 Hogan Dr, Martinsburg, WV 25405-7593 | WV | 2002-06 | $111,680 |
| 14 | Roosevelt Wilson Washington Irving Kelly Miller Rcbhs Alumni & Friend, The Roosevelt-Wilson Washington Irving Alumni & Friends Foundation Inc | One Eagle Way, Clarksburg, WV 26301 | WV | 2004-01 | $71,434 |
| 15 | Roane County College Scholarship Foundation Inc | 804 Summit St, Spencer, WV 25276-1036 | WV | 1995-06 | $67,828 |
| 16 | James And Derek Hotsinpiller Memorial Scholarship Fund | 441 Oakridge Ln, Bridgeport, WV 26330-7557 | WV | 2011-06 | $66,254 |
| 17 | W Va Farm Bureau Foundation Inc | 62 Farm Bureau Rd, Buckhannon, WV 26201-0020 | WV | 1996-03 | $57,621 |
| 18 | Wvhta Educational Foundation, Fulks Carol Ttee | PO BOX 3974, Charleston, WV 25339-3974 | WV | 2000-08 | $29,089 |
| 19 | Zelma Gray Tr Under Item Viiib Of Last Will | 1 Bank Plz, Wheeling, WV 26003-3543 | WV | 2013-05 | $29,051 |
| 20 | Guglielmo Charitable Scholarship Foundation Inc | 1825 Pennsylvania Ave, Weirton, WV 26062-3426 | WV | 2010-08 | $21,054 |
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| Total | 23,481 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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