Bud Keays Trust in Mitchellville, Iowa (IA)

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Bud Keays Trust
Employer Identification Number (EIN)421145180
Name of OrganizationBud Keays Trust
In Care of NamePaul Vos
AddressPO BOX 760, Mitchellville, IA 50169-0760
ActivitiesFFA, FHA, 4 H club, etc., Student operated business, Non financial services of facilities to other organizations
SubsectionCharitable Organization
Ruling Date10/1980
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period07/2014
Assets$100,000 to $499,999
Income$1 to $9,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$328,316
Amount of Income$6,048
Form 990 Revenue Amount$6,048


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Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20122013
Total revenue$6,636$6,618
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$6,636$6,618
Gain/Loss from sale of assets other than inventory$0$0
Net income/loss from gaming and fundraising events$0$0
Gross profit/loss from sales of inventory$0$0
Other revenue$0$0
Total expenses$5,922$5,364
Total net assets$326,891$328,145
Excess/Deficit for the year$714$1,254
Net assets or fund balances at beginning of year$326,177$326,891
Other changes in net assets or fund balances$0$0
Net assets or fund balances at end of year$328,145
Balance Sheets
20122013
Total assets$326,891$328,145
Total liabilities$0$0
Net assets or fund balances$326,891$328,145
Other Information
20122013
Did the organization engage in any significant activity not previously reported to the IRS?No
Were any significant changes made to the organizing or governing documents?No
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?No
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?No
Amount of political expenditures, direct or indirect$0
Did the organization file Form 1120-POL for this year?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
Total amount involved$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?No
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Number of organizations supported1
Sum of amounts of support$0
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