Okoboji Community School Foundation in Milford, Iowa (IA)
Table of contents:
| Okoboji Community School Foundation | |
| Employer Identification Number (EIN) | 421463737 |
| Name of Organization | Okoboji Community School Foundation |
| In Care of Name | Katy Sporrer |
| Address | PO BOX 147, Milford, IA 51351-0147 |
| Activities | Scholarships (other) |
| Subsection | Educational Organization |
| Ruling Date | 02/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $249,525 |
| Amount of Income | $12,940 |
| Form 990 Revenue Amount | $12,940 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2013: $12,940 (it was $12,919 in 2012)
| This organization: | $12,940 |
| Other organizations performing similar types of work: | $120,021 |
Assets in 2013: $249,525 (it was $256,299 in 2012)
| This organization: | $249,525 |
| Other organizations performing similar types of work: | $470,342 |
Expenses in 2013: $19,159
| Okoboji Community School Foundation: | $19,159 |
| Other organizations performing similar types of work: | $61,754 |
Income to expenses ratio in 2013: 0.7
| This organization: | 0.7 |
| Other organizations performing similar types of work: | 2.0 |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $9,419 | $12,919 | $12,940 |
| Contributions, gifts, grants, and similar amounts received | $5,000 | $10,000 | $0 |
| Program service revenue including government fees and contracts | $0 | $0 | $10,400 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $4,419 | $2,919 | $2,540 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $10,750 | $13,605 | $19,159 |
| Total net assets | $256,414 | $256,299 | $249,525 |
| Excess/Deficit for the year | $-1,330 | $-686 | $-6,219 |
| Net assets or fund balances at beginning of year | $256,927 | $256,414 | $256,300 |
| Other changes in net assets or fund balances | $817 | $571 | $-556 |
| Net assets or fund balances at end of year | $256,299 | $249,525 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $256,414 | $256,299 | $249,525 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $256,414 | $256,299 | $249,525 |
| 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: (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 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $34,710 |
| Subtotal | $34,710 |
| Gifts, grants, contributions, and membership fees received | $34,710 |
| 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 | $0 |
| 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 | $50,781 |
| Public support | $34,710 |
| Subtotal | $16,071 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $16,071 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | S & G Foundation | PO BOX 860, Saratoga Spgs, NY 12866-0860 | NY | 1998-01 | $316,260,515 |
| 2 | The Walsh Foundation | 190 S Lasalle St Ste 1700, Chicago, IL 60603-3496 | IL | 1995-06 | $46,605,330 |
| 3 | Tasajillo Charitable Trust, Wyatt O S Jr Ttee | PO BOX 56223, Houston, TX 77256-6223 | TX | 1997-06 | $40,568,060 |
| 4 | Stuller Family Foundation | 1213 Terrace Hwy, Broussard, LA 70518-7643 | LA | 1995-04 | $34,623,905 |
| 5 | Ochylski Family Foundation | 300 Walnut Street, Des Moines, IA 50309-2224 | IA | 1997-06 | $3,674,285 |
| 6 | Wiese Foundation | PO BOX 435, Perry, IA 50220-0435 | IA | 1978-02 | $2,658,866 |
| 7 | Clarinda Foundation Inc | 114 E Washington St, Clarinda, IA 51632-1611 | IA | 1987-01 | $1,441,564 |
| 8 | Ridgecrest Foundation | 4130 Northwest Boulevard, Davenport, IA 52806-4243 | IA | 1997-07 | $686,626 |
| 9 | Fred & Charlotte Hubbell Foundation | 453 7th St, Des Moines, IA 50309-4110 | IA | 1997-05 | $648,155 |
| 10 | Maser Family Foundation | 600 1st Ave Se, Le Mars, IA 51031-2301 | IA | 1997-09 | $240,796 |
| 11 | Al And Ann Jennings Foundation | 4622 Madison Ave, Des Moines, IA 50310-2719 | IA | 1997-09 | $72,093 |
| 12 | Comprehensive Systems Inc Foundation | 1700 Clark St, Charles City, IA 50616-3822 | IA | 1984-05 | $58,379 |
| 13 | Wolpert Family Foundation | 705 Douglas Street, Sioux City, IA 51101-1048 | IA | 1995-03 | $35,112 |
| 14 | Stephen R Grubb Charitable Foundation | 475 S 50th St Ste 100, W Des Moines, IA 50265-6980 | IA | 1997-08 | $14,501 |
| 15 | Okoboji Community School Foundation | PO BOX 147, Milford, IA 51351-0147 | IA | 1997-02 | $12,940 |
| 16 | Berenstein Family Foundation | 300 Us Bank Bldg 501 Pierce St, Sioux City, IA 51101 | IA | 1997-01 | $5,981 |
| 17 | Wolf Foundation | 3101 Ingersoll Avenue, Des Moines, IA 50312-3918 | IA | 1998-04 | $5,783 |
| 18 | Ralph W Anderson Veterans Trust | 27 Mayridge Dr, Shenandoah, IA 51601-2233 | IA | 1995-01 | $158 |
| 19 | First Lutheran Church Trust Fund, Denney Michael K Ttee | 1000 3rd Ave Se, Cedar Rapids, IA 52403-2410 | IA | 1997-10 | $0 |
| 20 | Lowden Charitable Trust Inc | 504-8 Main Street, Lowden, IA 52255 | IA | 1993-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,744 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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