Kump House Endowment Trust in Elkins, West Virginia (WV)
Table of contents:
| Kump House Endowment Trust | |
| Employer Identification Number (EIN) | 264467865 |
| Name of Organization | Kump House Endowment Trust |
| In Care of Name | Richard Busch |
| Address | 401 Davis Ave Ste 313, Elkins, WV 26241-3899 |
| Subsection | Charitable Organization |
| Ruling Date | 11/2009 |
| 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 | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $207,258 |
| Amount of Income | $89,387 |
| Form 990 Revenue Amount | $42,077 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Historical Societies, Related Historical Activities |
Non-representatives - add comments:
Amount of income in 2014: $89,387 (it was $27,784 in 2013)
| This organization: | $89,387 |
| Other organizations performing similar types of work: | $32,954 |
Assets in 2014: $207,258 (it was $193,332 in 2013)
| Kump House Endowment Trust: | $207,258 |
| Other organizations performing similar types of work: | $59,539 |
Expenses in 2014: $7,368
| This organization: | $7,368 |
| Other organizations performing similar types of work: | $21,061 |
Income to expenses ratio in 2014: 12.1
| Kump House Endowment Trust: | 12.1 |
| Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2014: 29.6%
| This organization: | 29.6% |
| Other organizations performing similar types of work: | 2.1% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $54,549 | $27,784 | $42,077 |
| Contributions, gifts, grants, and similar amounts received | $51,657 | $28,321 | $12,459 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $1,368 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $28,215 |
| Gross amount from sale of assets other than inventory | $0 | $0 | $75,525 |
| Less: cost or other basis and sales expenses | $0 | $0 | $47,310 |
| Net income/loss from gaming and fundraising events | $2,892 | $-537 | $35 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $3,050 | $77 | $35 |
| Less: direct expenses from gaming and fundraising events | $158 | $614 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $68,112 | $12,369 | $7,368 |
| Total net assets | $90,137 | $193,332 | $207,258 |
| Excess/Deficit for the year | $-13,563 | $15,415 | $34,709 |
| Net assets or fund balances at beginning of year | $103,700 | $90,137 | $193,332 |
| Other changes in net assets or fund balances | $0 | $87,780 | $-20,783 |
| Net assets or fund balances at end of year | $90,137 | $193,332 | $207,258 |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $100,137 | $193,332 | $207,258 |
| Total liabilities | $10,000 | $0 | $0 |
| Net assets or fund balances | $90,137 | $193,332 | $207,258 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No |
| Were any significant changes made to the organizing or governing documents? | No | 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 | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | 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 | No |
| Total amount involved | $0 | $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 | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No |
| Reason for Public Charity Status (for 2014) | |
| 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 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $195,454 |
| Subtotal | $359,907 |
| Gifts, grants, contributions, and membership fees received | $328,931 |
| 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 | $10,000 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $17,376 |
| 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 | $3,600 |
| Less | $164,453 |
| Amounts received from disqualified persons | $164,453 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $377,694 |
| Public support | $359,907 |
| Subtotal | $17,787 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $17,787 |
| 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 | Seventh Regiment Armory Conservancy Inc | 643 Park Ave 2nd Floor, New York, NY 10065-6122 | NY | 2000-07 | $20,230,835 |
| 2 | Town Hall Association | 1119 8th Ave, Seattle, WA 98101-2738 | WA | 2000-06 | $3,724,169 |
| 3 | Tri-State Warbird Museum | 4021 Borman Dr, Batavia, OH 45103-1684 | OH | 2003-08 | $1,348,020 |
| 4 | Yl-37 Group Foundation Inc | 14157 E 580 Rd, Inola, OK 74036-5227 | OK | 2001-05 | $646,555 |
| 5 | Roxbury Bandshell Preservation Alliance | 1618 Sunshine Ave, Johnstown, PA 15905-1849 | PA | 2008-09 | $69,026 |
| 6 | Us Marshals Museum Inc | 14 N 3rd St Ste D, Fort Smith, AR 72901-1476 | AR | 2008-02 | $59,562 |
| 7 | Bluefield Preservation Society Inc | Po Box 4044, Bluefield, WV 24701 | WV | 2012-09 | $787,621 |
| 8 | Strand Theatre Preservation Society | 804 5th St, Moundsville, WV 26041-1908 | WV | 2002-05 | $194,756 |
| 9 | Kump House Endowment Trust | 401 Davis Ave Ste 313, Elkins, WV 26241-3899 | WV | 2009-11 | $89,387 |
| 10 | Sikh Heritage Foundation Inc | 485 Colliers Way, Weirton, WV 26062 | WV | 2001-05 | $73,256 |
| 11 | Upper Big Branch Mining Memorial Group | 25586 Coal River Rd, Orgas, WV 25148-9665 | WV | 2011-05 | $72,900 |
| 12 | Belleville Homecoming Inc | 513 Middle Fork Lee Creek Rd, Belleville, WV 26133-8297 | WV | 2011-12 | $47,290 |
| 13 | Ritchie County Historical Society Inc | 310 Myles Avenue, Pennsboro, WV 26415 | WV | 2005-09 | $17,745 |
| 14 | Sistersville Heritage Foundation | 718 Chelsea St, Sistersville, WV 26175-1312 | WV | 2002-09 | $13,506 |
| 15 | Clay County Veterans Memorial Fund | 2312 Blue Knob Rd, Maysel, WV 25133 | WV | 2010-01 | $9,116 |
| 16 | South Branch Valley Civil War Society Inc | PO BOX 69, Petersburg, WV 26847-0069 | WV | 1999-12 | $7,119 |
| 17 | Matewan Historical Society Inc | PO BOX 307, Matewan, WV 25678-0307 | WV | 2011-06 | $2,376 |
| 18 | Duffields Station Inc | Po Box 1806, Shepherdstown, WV 25443-1806 | WV | 2010-08 | $1,600 |
| 19 | Mineral County Genealogical Society | PO BOX 1051, Keyser, WV 26726-1051 | WV | 2009-11 | $590 |
| 20 | African-American Community Association Of Jefferson Cty Inc | P O Box 843, Charles Town, WV 25414 | WV | 1999-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 10,505 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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