Joe Swinford Memorial Scholarship Fund in Munford, Alabama (AL)
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
| Joe Swinford Memorial Scholarship Fund | |
| Employer Identification Number (EIN) | 631149034 |
| Name of Organization | Joe Swinford Memorial Scholarship Fund |
| In Care of Name | William E Swinford |
| Address | 3137 Curry Station Road, Munford, AL 36268 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 10/1995 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $100,000 to $499,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $143,174 |
| Amount of Income | $878 |
| Form 990 Revenue Amount | $878 |
| 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 2011: $878 (it was $1,420 in 2010)
| This organization: | $878 |
| Other organizations performing similar types of work: | $72,336 |
Assets in 2011: $143,174 (it was $144,365 in 2010)
| This organization: | $143,174 |
| Other organizations performing similar types of work: | $239,394 |
Expenses in 2011: $2,055
| This organization: | $2,055 |
| Other organizations performing similar types of work: | $40,888 |
Income to expenses ratio in 2011: 0.4
| Joe Swinford Memorial Scholarship Fund: | 0.4 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2011: 0.0%
| Joe Swinford Memorial Scholarship Fund: | 0.0% |
| Other organizations performing similar types of work: | 0.1% |
Expenses for 2011
Assets for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $878 | $878 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $878 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $2,055 | $0 | $0 | $2,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $55 | $0 | $0 | |
| Contributions, gifts, grants paid | $2,000 | |||
| Excess of revenue over expenses and disbursements | $-1,177 | |||
| Net investment income | $878 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $143,174 | $143,174 |
| Cash - non-interest-bearing | $1,849 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $141,325 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $143,174 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $9 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $9 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| 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 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| 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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | 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 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $143,770 |
| Net value of noncharitable-use assets | $141,620 |
| Minimum investment return | $7,081 |
| Distributable Amount (for 2011) | |
| Distributable amount | $7,072 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $7,072 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $1,755 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | 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 | Sylvester H Reed Memorial Trust | PO BOX 1111, Pflugerville, TX 78691-1111 | TX | 1998-01 | $1,242,927 |
| 2 | Linly Heflin Unit | 13 Office Park Circle, Birmingham, AL 35223-2556 | AL | 1959-08 | $2,173,805 |
| 3 | The Dch Foundation Inc | 809 University Blvd E, Tuscaloosa, AL 35401-2029 | AL | 1977-05 | $2,122,925 |
| 4 | Bevill State Community College Foundation Inc | PO BOX 862, Fayette, AL 35555-0862 | AL | 1998-01 | $1,975,418 |
| 5 | Jeanette E & Benjamin F Hunter Scholarship Trust | PO BOX 2886, Mobile, AL 36652-2886 | AL | 1995-02 | $1,759,038 |
| 6 | Teja & Leanora Jouhal Inc | 1600 Linda Vista Ln, Vestavia, AL 35226-3542 | AL | 1998-09 | $291,215 |
| 7 | South Baldwin Educational Foundation Inc | PO BOX 1600, Foley, AL 36536-1600 | AL | 1988-09 | $232,631 |
| 8 | Unus Foundation | PO BOX 530470, Mountain Brk, AL 35253-0470 | AL | 1998-05 | $14,400 |
| 9 | Brothers Inc | 4207 Adamsville Parkway, Adamsville, AL 35005 | AL | 1994-05 | $5,642 |
| 10 | Adam Marcus Marmurek Scholarship Fund Inc | 3304 Cheval Circle, Vestavia Hills, AL 35216 | AL | 1998-01 | $0 |
| 11 | Alabama Tire Dealers Association Foundation Inc | PO BOX 448, Millbrook, AL 36054-0008 | AL | 1991-04 | $0 |
| 12 | Atmore Rotary Clubs Academic All Star Program | 111 So Main Street, Atmore, AL 36502 | AL | 1998-02 | $0 |
| 13 | Birmingham East Rotary Foundation Inc | 475 Woodward Road, Trussville, AL 35173 | AL | 1997-06 | $0 |
| 14 | Cordova High School Scholarship Foundation Inc | PO BOX 99, Cordova, AL 35550-0099 | AL | 1992-04 | $0 |
| 15 | J A Pickard Scholarship Foundation Inc | PO BOX F, Selma, AL 36702-1480 | AL | 1992-10 | $0 |
| 16 | Nsbe-Cac Foundation | 5212 Heritage Ridge Cir, Birmingham, AL 35210-4700 | AL | 1992-03 | $0 |
| 17 | Riemer Lutheran Scholarship Fund | PO BOX 339, Eiberta, AL 36530-0339 | AL | 1998-04 | $0 |
| 18 | Scama Scholarship Foundation Inc | PO BOX 531335, Mountain Brk, AL 35253-1335 | AL | 1998-04 | $0 |
| 19 | The John H White And Stanley T Johnson Foundation | 2740 Zelda Road 3rd Floor, Montgomery, AL 36106-2694 | AL | 1991-11 | $0 |
| 20 | Western Jackson Scholarship Fund Inc | 1900 Avenue I Ensley, Birmingham, AL 35218-1626 | AL | 1998-01 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,412 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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