The Kenneth M@seymour Jr Scholarship Trust in Norwich, Connecticut (CT)

Organization representatives - add corrected or new information about The Kenneth M@seymour Jr Scholarship Trust »

Non-representatives - add comments about The Kenneth M@seymour Jr Scholarship Trust»

The Kenneth M@seymour Jr Scholarship Trust
Employer Identification Number (EIN)467222490
Name of OrganizationThe Kenneth M@seymour Jr Scholarship Trust
In Care of NameDime Bank
Address290 Salem Turnpike, Norwich, CT 06360-6494
SubsectionEducational Organization
Ruling Date07/2014
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$415,963
Amount of Income$418,277
Form 990 Revenue Amount$418,277
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards


Non-representatives - add comments:


CAPTCHA

Your IP address 34.225.194.144 will be logged.

Amount of income in 2014: $418,277
The Kenneth M@seymour Jr Scholarship Trust: 

 $418,277
Other organizations performing similar types of work: 

 $41,680

Assets in 2014: $415,963
This organization: 

 $415,963
Other organizations performing similar types of work: 

 $65,579

Expenses in 2014: $2,314
The Kenneth M@seymour Jr Scholarship Trust: 

 $2,314
Other organizations performing similar types of work: 

 $24,470

Income to expenses ratio in 2014: 180.8
The Kenneth M@seymour Jr Scholarship Trust: 

 180.8
Other organizations performing similar types of work: 

 0.5

Grants share in income in 2014: 99.6%
This organization: 

 99.6%
Other organizations performing similar types of work: 

 9.0%

Financial snapshot for 2014 ($)

Revenue for 2014

Assets at the end of 2014

Expenses for 2014

Analysis of Revenue and Expenses (for 2014)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$418,277$1,758$0
Contributions, gifts, grants, etc., received$416,519
Interest on savings and temporary cash investments$243
Dividends and interest from securities$1,515
Gross rents$0
Gross sales price for all assets$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$2,314$468$0$0
Compensation of officers, directors, trustees, etc.$996
Pension plans, employee benefits$0
Legal fees$0
Accounting fees$0
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$2,314$468$0
Contributions, gifts, grants paid$0
Excess of revenue over expenses and disbursements$415,963
Net investment income$1,290
Adjusted net income$0
Balance Sheets
2014
Book ValueFair Market Value
Total assets$415,963$423,385
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$32,033
Investments-corporate stock$129,943
Investments-corporate bonds$116,582
Investments-mortgage loans$0
Investments-other$16,456
Other assets$633
Total liabilities$0
Total liabilities and net assets/fund balances$415,963
Capital Gains and Losses for Tax on Investment Income
2014
Capital gain net income$0
Net capital loss$0
Excise Tax Based on Investment Income
2014
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$26
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$26
Overpayment$0
Amount to be credited to next year's estimated tax$0
Statements Regarding Activities
2014
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
Has the foundation engaged in any activities that have not previously been reported to the IRS?No
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?No
Has the foundation filed a tax return on Form 990-T for this year?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?Yes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?No
Did any persons become substantial contributors during the tax year?Yes
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?No
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?Yes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041No
Statements Regarding Activities for Which Form 4720 May Be Required
2014
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
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?No
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?No
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?No
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?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 have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?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
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?No
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?No
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?No
Minimum Investment Return
2014
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$419,016
Net value of noncharitable-use assets$412,731
Minimum investment return$6,898
Distributable Amount
2014
Distributable amount$6,872
Undistributed Income
2014
Distributable amount for this year$6,872
Undistributed income for this year. This amount must be distributed in the next year$6,872
Private Operating Foundations (for 2011 - 2014)
2014201320122011Total
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
Supplementary Information (for 2014)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2014)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$243$0
Dividends and interest from securities$1,515$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2014)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend The Kenneth M@seymour Jr Scholarship Trust to others? (optional)
  
Add photo of The Kenneth M@seymour Jr Scholarship Trust (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Us-Central Asia Education Foundation124 U St Nw, Washington, DC 20001-1606DC2007-10$4,838,252
2Subsea Tieback Scholarship Fund5418 Woodbury St, Fulshear, TX 77441-4139TX2007-10$101,112
3Tom Mcmahon Construction Scholarship Fund4441 S Abilene Cir, Aurora, CO 80015-1047CO2006-11$18,033
4The Peter And Patricia Gruber FoundationPO BOX 208958, New Haven, CT 06520-8958CT2005-01$11,112,209
5Newtown Memorial Fund IncPO BOX 596, Botsford, CT 06404-0596CT2013-02$1,593,022
6John J Robinson Scholarship Fund850 Main St Rc13-505, Bridgeport, CT 06604-4917CT2011-01$1,102,571
7Friezo Family Foundation495 Post Road E, Westport, CT 06880-4433CT2012-02$890,805
8Bailey-Taylor Foundation Scholarship Trust314 Main St, Farmington, CT 06032-2961CT2010-02$774,980
9Shepherds Inc299 Washington Ave, Bridgeport, CT 06604-3822CT2000-10$766,145
10Marie R Crovat Tr Uw850 Main St, Bridgeport, CT 06604-4917CT2012-12$759,278
11Naramake Childrens Scholarship Foundation Inc16 King St, Norwalk, CT 06851-5429CT2011-01$672,389
12Ash Scholarship TrPO BOX 1868, Lakeville, CT 06039-1868CT2010-03$525,122
13The Kenneth M@seymour Jr Scholarship Trust290 Salem Turnpike, Norwich, CT 06360-6494CT2014-07$418,277
14Washington Scholarship Fund IncPO BOX 243, Washington Dt, CT 06794-0243CT2014-07$411,312
15Fellowship Of Cholmeleians In America Inc190 Old Ridgefield Rd, Wilton, CT 06897-4088CT2011-04$253,900
16Mesarg Educational Trust9 Dogwood Park North, Danbury, CT 06811CT2003-09$213,955
17Soldier Socks Inc1127 High Ridge Road No 124, Stamford, CT 06905-1203CT2013-11$198,998
18St Ann Society Of Norwalk Inc16 Hendricks Ave, Norwalk, CT 06851-4832CT2000-08$191,736
19Victoria Glenn Pierce Scholarship Foundation, Ellenthal Judith TteeC/O J Berger Jr-1700 Bedford St, Stamford, CT 06905CT2002-01$177,419
20Capss Education Foundation Inc26 Caya Ave, West Hartford, CT 06110-1186CT2013-04$175,000
Number of organizations performing similar types of work
Alaska48
Alabama286
Arkansas212
Arizona375
California2,590
Colorado397
Connecticut360
District of Columbia210
Delaware90
Florida1,248
Georgia644
Hawaii125
Iowa241
Idaho90
Illinois1,083
Indiana348
Kansas216
Kentucky271
Louisiana247
Massachusetts819
Maryland580
Maine135
Michigan690
Minnesota353
Missouri459
Mississippi159
Montana122
North Carolina631
North Dakota29
Nebraska124
New Hampshire145
New Jersey1,137
New Mexico122
Nevada157
New York1,581
Ohio902
Oklahoma233
Oregon274
Pennsylvania951
Rhode Island132
South Carolina243
South Dakota54
Tennessee325
Texas2,055
Utah196
Virginia649
Vermont87
Washington473
Wisconsin403
West Virginia110
Wyoming43
International27
Total23,481

NonProfitFacts.com is not associated with, endorsed by, or sponsored by The Kenneth M@seymour Jr Scholarship Trust and has no official or unofficial affiliation with The Kenneth M@seymour Jr Scholarship Trust