West Virginia Future Educators Association Foundation in Charleston, West Virginia (WV)

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West Virginia Future Educators Association Foundation
Employer Identification Number (EIN)800307048
Name of OrganizationWest Virginia Future Educators Association Foundation
In Care of NameSusan Rice
Address1900 Kanawha Blvd E Bldg 6 Rm 243, Charleston, WV 25305-0009
SubsectionCharitable Organization
Ruling Date06/2012
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period08/2013
Assets$10,000 to $24,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$13,177
Amount of Income$88,998
Form 990 Revenue Amount$4,796
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Research Institutes and/or Public Policy Analysis


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Amount of income in 2013: $88,998 (it was $48,737 in 2012)
This organization: 

 $88,998
Other organizations performing similar types of work: 

 $132,080

Assets in 2013: $13,177 (it was $8,792 in 2012)
This organization: 

 $13,177
Other organizations performing similar types of work: 

 $66,874

Expenses in 2013: $411
This organization: 

 $411
Other organizations performing similar types of work: 

 $132,703

Income to expenses ratio in 2013: 216.5
West Virginia Future Educators Association Foundation: 

 216.5
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 0.0%
West Virginia Future Educators Association Foundation: 

 0.0%
Other organizations performing similar types of work: 

 46.0%

Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20122013
Total revenue$1,840$4,796
Contributions, gifts, grants, and similar amounts received$0$0
Program service revenue including government fees and contracts$0$0
Membership dues and assessments$0$0
Investment income$0$0
Gain/Loss from sale of assets other than inventory$0$0
Net income/loss from gaming and fundraising events$1,840$4,796
Gross income from gaming$0$0
Gross income from fundraising events$48,738$88,998
Less: direct expenses from gaming and fundraising events$46,897$84,202
Gross profit/loss from sales of inventory$0$0
Other revenue$0$0
Total expenses$290$411
Total net assets$8,792$13,177
Excess/Deficit for the year$1,550$4,385
Net assets or fund balances at beginning of year$7,242$8,792
Other changes in net assets or fund balances$0$0
Net assets or fund balances at end of year$8,792$13,177
Balance Sheets
20122013
Total assets$8,792$13,177
Total liabilities$0$0
Net assets or fund balances$8,792$13,177
Other Information
20122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0
Gross receipts for public use of club facilities$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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
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 supported0
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$240,893
Subtotal Support$240,893
Gifts, grants, contributions, and membership fees received$240,893
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$0
Total Support$240,893
Public Support$240,893
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
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.$0
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18Rahall Transportation Institutefoundation Inc907 3rd Ave, Huntington, WV 25701WV2007-09$132,080
19West Virginia Future Educators Association Foundation1900 Kanawha Blvd E Bldg 6 Rm 243, Charleston, WV 25305-0009WV2012-06$88,998
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Number of organizations performing similar types of work
Alaska2
Alabama6
Arkansas4
Arizona10
California67
Colorado14
Connecticut2
District of Columbia28
Florida22
Georgia11
Hawaii1
Iowa4
Idaho4
Illinois14
Indiana3
Kansas5
Kentucky5
Louisiana6
Massachusetts16
Maryland14
Maine8
Michigan13
Minnesota7
Missouri10
Mississippi4
Montana5
North Carolina13
Nebraska2
New Hampshire2
New Jersey10
New Mexico4
Nevada1
New York34
Ohio9
Oregon6
Pennsylvania8
Rhode Island2
South Carolina6
Tennessee3
Texas33
Utah4
Virginia26
Vermont5
Washington11
Wisconsin4
West Virginia3
International2
Total473

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