W Va Farm Bureau Foundation Inc in Buckhannon, West Virginia (WV)
Table of contents:
W Va Farm Bureau Foundation Inc | |
Employer Identification Number (EIN) | 550746749 |
Name of Organization | W Va Farm Bureau Foundation Inc |
Address | 62 Farm Bureau Rd, Buckhannon, WV 26201-0020 |
Activities | Described in section 170(b)1)(a)(vi) of the Code, Scholarships (other) |
Subsection | Charitable Organization |
Ruling Date | 03/1996 |
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 | 09/2014 |
Assets | $25,000 to $99,999 |
Income | $25,000 to $99,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $34,838 |
Amount of Income | $57,621 |
Form 990 Revenue Amount | $56,085 |
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 2014: $57,621 (it was $96,034 in 2013)
This organization: | $57,621 |
Other organizations performing similar types of work: | $41,680 |
Assets in 2014: $34,838 (it was $36,554 in 2013)
This organization: | $34,838 |
Other organizations performing similar types of work: | $65,579 |
Expenses in 2013: $80,509
This organization: | $80,509 |
Other organizations performing similar types of work: | $24,470 |
Income to expenses ratio in 2013: 0.7
This organization: | 0.7 |
Other organizations performing similar types of work: | 0.5 |
Grants share in income in 2013: 42.3%
This organization: | 42.3% |
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 | $58,669 | $57,964 | $96,034 |
Contributions, gifts, grants, and similar amounts received | $7,500 | $7,000 | $40,655 |
Program service revenue including government fees and contracts | $47,465 | $47,178 | $51,373 |
Membership dues and assessments | $0 | $0 | $0 |
Investment income | $12 | $6 | $13 |
Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
Net income/loss from gaming and fundraising events | $3,462 | $2,762 | $2,454 |
Gross income from gaming | $0 | $0 | $0 |
Gross income from fundraising events | $4,920 | $4,620 | $4,100 |
Less: direct expenses from gaming and fundraising events | $1,458 | $1,858 | $1,646 |
Gross profit/loss from sales of inventory | $0 | $0 | $0 |
Other revenue | $230 | $1,018 | $1,539 |
Total expenses | $63,731 | $84,218 | $80,509 |
Total net assets | $46,517 | $20,263 | $35,788 |
Excess/Deficit for the year | $-5,062 | $-26,254 | $15,525 |
Net assets or fund balances at beginning of year | $51,579 | $46,517 | $20,263 |
Other changes in net assets or fund balances | $0 | $0 | $0 |
Net assets or fund balances at end of year | $20,263 | $35,788 |
Balance Sheets | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total assets | $51,669 | $25,968 | $36,554 |
Total liabilities | $5,152 | $5,705 | $766 |
Net assets or fund balances | $46,517 | $20,263 | $35,788 |
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 a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
Number of organizations supported | 0 |
Sum of amounts of support | $0 |
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
2009 - 2013 Total | |
---|---|
Public Support | $29,543 |
Subtotal Support | $74,708 |
Gifts, grants, contributions, and membership fees received | $74,708 |
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 |
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $45,165 |
Total Support | $74,758 |
Public Support | $74,708 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $50 |
Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
Other income. Do not include gain or loss from the sale of capital assets | $0 |
Gross receipts from related activities, etc. | $240,897 |
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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 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 23,481 |
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