Fresh Start Scholarship Foundation Inc in Wilmington, Delaware (DE)
Table of contents:
| Fresh Start Scholarship Foundation Inc | |
| Employer Identification Number (EIN) | 510378642 |
| Name of Organization | Fresh Start Scholarship Foundation Inc |
| Address | PO BOX 7784, Wilmington, DE 19803-0784 |
| Activities | Described in section 509(a)(2) of the Code, Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 06/1997 |
| 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 | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $281,564 |
| Amount of Income | $146,803 |
| Form 990 Revenue Amount | $131,954 |
| 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: $146,803 (it was $85,212 in 2013)
| Fresh Start Scholarship Foundation Inc: | $146,803 |
| Other organizations performing similar types of work: | $41,680 |
Assets in 2014: $281,564 (it was $222,368 in 2013)
| Fresh Start Scholarship Foundation Inc: | $281,564 |
| Other organizations performing similar types of work: | $65,579 |
Expenses in 2013: $61,110
| This organization: | $61,110 |
| Other organizations performing similar types of work: | $24,470 |
Income to expenses ratio in 2013: 2.4
| This organization: | 2.4 |
| Other organizations performing similar types of work: | 0.5 |
Grants share in income in 2013: 83.0%
| Fresh Start Scholarship Foundation Inc: | 83.0% |
| 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 | $88,205 | $59,880 | $85,212 |
| Contributions, gifts, grants, and similar amounts received | $58,190 | $67,667 | $70,762 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $24,731 | $-5,156 | $10,356 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $5,284 | $-2,631 | $4,094 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $15,824 | $6,270 | $16,937 |
| Less: direct expenses from gaming and fundraising events | $10,540 | $8,901 | $12,843 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $56,388 | $63,843 | $61,110 |
| Total net assets | $199,479 | $195,516 | $219,618 |
| Excess/Deficit for the year | $31,817 | $-3,963 | $24,102 |
| Net assets or fund balances at beginning of year | $167,662 | $199,479 | $195,516 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $195,516 | $219,618 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $200,729 | $197,516 | $222,368 |
| Total liabilities | $1,250 | $2,000 | $2,750 |
| Net assets or fund balances | $199,479 | $195,516 | $219,618 |
| 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 | $233,174 |
| Subtotal Support | $291,174 |
| Gifts, grants, contributions, and membership fees received | $291,174 |
| 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 | $58,000 |
| Total Support | $299,432 |
| Public Support | $291,174 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $8,258 |
| 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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| 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 | Umsizi Fund | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 | DE | 2013-12 | $4,516,654 |
| 5 | Define And Muhtar Kent Educational Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2012-10 | $1,049,054 |
| 6 | Jk Wheeler Family Foundation | 1100 N Market St, Wilmington, DE 19890-1100 | DE | 2009-02 | $365,275 |
| 7 | Focas Inc | 330 Water Street, Wilmington, DE 19804-2433 | DE | 2009-01 | $324,978 |
| 8 | Ivy Education Group, Paul Powen Shih Sole Mbr | 2140 S Dupont Hwy, Camden, DE 19934-1249 | DE | 2014-02 | $324,967 |
| 9 | Ray Of Light Scholarship Fund | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 | DE | 2014-07 | $260,004 |
| 10 | The Erik Williams Foundation, The Erik Williams Foudation | 1 Wortham Ct, Bear, DE 19701 | DE | 2010-02 | $208,600 |
| 11 | American Friends Of Cancer Research Inc | 1000 N West Street Suite 1200, Wilmington, DE 19801 | DE | 1994-12 | $205,827 |
| 12 | Middleton Area Chamber Of Commerce | PO BOX 1, Middletown, DE 19709-0001 | DE | 2012-11 | $154,580 |
| 13 | William P Frank Scholarship Fund Inc | C/O Thomas J Shopa 270 Presidentia, Wilmington, DE 19807 | DE | 2001-01 | $120,001 |
| 14 | Societa Davinci Inc | 111 Continental Dr Ste 210, Newark, DE 19713-4330 | DE | 2001-05 | $118,392 |
| 15 | Silent Warrior Scholarship Fund | 2648 Cypress Road, Wilmington, DE 19810 | DE | 2011-03 | $93,720 |
| 16 | Clement Family Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2010-05 | $73,348 |
| 17 | Seaford School District Scholarship Foundation | 390 N Market St, Seaford, DE 19973-2612 | DE | 2013-03 | $72,722 |
| 18 | Danielle Rose Paikin Foundation | 13 Deer Run - Little Baltimore, Newark, DE 19711 | DE | 2013-10 | $20,800 |
| 19 | Megan Taylor Pulleyn Memorial Scholarship | 42 Dorian Dr, Dover, DE 19904-5887 | DE | 2013-01 | $8,074 |
| 20 | Wb Simpson Educational Fund Inc | 16 N Main St, Camden, DE 19934-1228 | DE | 2003-06 | $7,444 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 23,481 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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