Jason Lorenti Scholarship Fund Inc in Stamford, Connecticut (CT)
Table of contents:
| Jason Lorenti Scholarship Fund Inc | |
| Employer Identification Number (EIN) | 264815639 |
| Name of Organization | Jason Lorenti Scholarship Fund Inc |
| In Care of Name | Carmen Lorenti |
| Address | 104 Mulberry St, Stamford, CT 06907-1717 |
| Subsection | Charitable Organization |
| Ruling Date | 10/2010 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 04/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $56,154 |
| Amount of Income | $42,943 |
| Form 990 Revenue Amount | $14,174 |
Non-representatives - add comments:
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $47,100 | $15,458 | $14,897 | $14,174 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $0 | $0 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $47,100 | $15,458 | $14,897 | $14,174 |
| Gross income from gaming | $0 | $0 | $0 | $0 |
| Gross income from fundraising events | $70,454 | $38,311 | $36,100 | $42,943 |
| Less: direct expenses from gaming and fundraising events | $23,354 | $22,853 | $21,203 | $28,769 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $4,070 | $12,305 | $12,020 | $12,183 |
| Total net assets | $48,133 | $51,286 | $54,163 | $56,154 |
| Excess/Deficit for the year | $43,030 | $3,153 | $2,877 | $1,991 |
| Net assets or fund balances at beginning of year | $5,103 | $48,133 | $51,286 | $54,163 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $54,163 | $56,154 | ||
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $48,133 | $51,286 | $54,163 | $56,154 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $48,133 | $51,286 | $54,163 | $56,154 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| 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 | 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 | $0 |
| Gross receipts for public use of club facilities | $0 | $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 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 | $234,069 |
| Subtotal | $234,069 |
| Gifts, grants, contributions, and membership fees received | $4,580 |
| 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 | $229,489 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| 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 | $234,069 |
| Public support | $234,069 |
| 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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| Other organizations in Connecticut | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | International Association Of Fire Fighters | PO BOX 1864, Groton, CT 06340 | CT | 1959-03 | $0 |
| 2 | International Association Of Lions Clubs, 8966 Brookfield Connecticut | PO BOX 660, Brookfield, CT 06804-0660 | CT | 1940-12 | $16,509 |
| 3 | International Council For Middle East Studies | 119 Ten Acre Road, New Britain, CT 06052 | CT | 2009-11 | $0 |
| 4 | International Union United Auto Aerospace & Agricultural Workers, 2121 Uaw Local | 2 Chapman Lane Suite 1a Box 3, Gales Ferry, CT 06335-1222 | CT | 1941-06 | $733,884 |
| 5 | Islamic Association Of Central Connecticut | 100 Arch Street, New Britain, CT 06051-2539 | CT | 2009-09 | $146,210 |
| 6 | Italian American Ladies Society | 38 Amherst St, Wethersfield, CT 06109-1901 | CT | 2010-09 | $24,646 |
| 7 | Itn Central Ct | 50 South Main Street Suite 216, West Hartford, CT 06107-2485 | CT | 2009-04 | $14,543 |
| 8 | Itncoastalct Inc | 303 Linwood Ave Ste 2b, Fairfield, CT 06824-4900 | CT | 2010-08 | $153,889 |
| 9 | James Barbara Inverno Foundation Llc | 85 Camp Avenue Unit 10j, Stamford, CT 06907 | CT | 2010-03 | $0 |
| 10 | Jason Lantieri Memorial Foundation | 134 Salem Dr, Cromwell, CT 06416-1238 | CT | 2009-11 | $34,068 |
| 11 | Jason Lorenti Scholarship Fund Inc | 104 Mulberry St, Stamford, CT 06907-1717 | CT | 2010-10 | $42,943 |
| 12 | Jesse Hay Memorial Association Inc | PO BOX 467, N Grosvenordl, CT 06255-0467 | CT | 1988-10 | $2,131 |
| 13 | Jim And Rebecca Loree Foundation Inc | 188 Garden St, Farmington, CT 06032-2208 | CT | 2010-04 | $5,271 |
| 14 | John Patrick Flanagan Foundation | PO BOX 818, Southport, CT 06890-0818 | CT | 2009-11 | $76,287 |
| 15 | Joshua Hermsen Heart Fund | 152 Random Road, Fairfield, CT 06825 | CT | 2009-08 | $19,729 |
| 16 | Journal Of Modern Italian Studies | 241 Glenbrook Road, Storrs, CT 06268 | CT | 1995-12 | $30,776 |
| 17 | International Women And Childrens Burn Foundation | 900 Chapel Street Suite 406, New Haven, CT 06510 | CT | 2009-03 | $0 |
| 18 | Kate Foundation For Rett Syndrome Research Inc | 944 Main St, Branford, CT 06405-3730 | CT | 2010-07 | $224,247 |
| 19 | Kenneth Joyce Foundation Inc | 125 Partridge Lndg, Glastonbury, CT 06033-2849 | CT | 2009-09 | $68,739 |
| 20 | Kiwanis International Inc | Po Box 43, Darien, CT 06820 | CT | 1940-07 | $29,814 |
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