Vdtas Bernie Epstein Scholarship Fund in Des Moines, Iowa (IA)
Table of contents:
| Vdtas Bernie Epstein Scholarship Fund | |
| Employer Identification Number (EIN) | 421416381 |
| Name of Organization | Vdtas Bernie Epstein Scholarship Fund |
| In Care of Name | Vacuum Dealers Trade Association |
| Address | 2724 2nd Ave, Des Moines, IA 50313-4933 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Scholarships (other) |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 07/1996 |
| Deductibility | Contributions are deductible |
| Foundation | Suspense |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2014 |
| 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 | $178,622 |
| Amount of Income | $24,198 |
| Form 990 Revenue Amount | $24,198 |
| 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: $24,198 (it was $23,105 in 2013)
| Vdtas Bernie Epstein Scholarship Fund: | $24,198 |
| Other organizations performing similar types of work: | $72,336 |
Assets in 2014: $178,622 (it was $176,588 in 2013)
| This organization: | $178,622 |
| Other organizations performing similar types of work: | $239,394 |
Expenses in 2013: $16,146
| Vdtas Bernie Epstein Scholarship Fund: | $16,146 |
| Other organizations performing similar types of work: | $40,888 |
Income to expenses ratio in 2013: 1.5
| This organization: | 1.5 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 95.4%
| Vdtas Bernie Epstein Scholarship Fund: | 95.4% |
| Other organizations performing similar types of work: | 0.1% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $32,869 | $21,948 | $23,105 |
| Contributions, gifts, grants, and similar amounts received | $30,289 | $19,255 | $22,050 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $2,580 | $2,693 | $1,055 |
| 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 | $20,157 | $20,018 | $16,146 |
| Total net assets | $167,699 | $169,630 | $176,588 |
| Excess/Deficit for the year | $12,712 | $1,930 | $6,959 |
| Net assets or fund balances at beginning of year | $154,987 | $167,699 | $169,630 |
| Other changes in net assets or fund balances | $0 | $1 | $-1 |
| Net assets or fund balances at end of year | $169,630 | $176,588 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $167,699 | $169,630 | $176,588 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $167,699 | $169,630 | $176,588 |
| 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 | $113,473 |
| Subtotal | $113,473 |
| Gifts, grants, contributions, and membership fees received | $113,473 |
| 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 | $125,008 |
| Public support | $113,473 |
| Subtotal | $11,535 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $11,535 |
| 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 | Sylvester H Reed Memorial Trust | PO BOX 1111, Pflugerville, TX 78691-1111 | TX | 1998-01 | $1,242,927 |
| 2 | The Cressant Foundation | 801 Grand Ave Ste 3700, Des Moines, IA 50309-8004 | IA | 1995-08 | $386,813 |
| 3 | William H Guest & Edith M Guest Educational Trust | 209 W Willow St, Cherokee, IA 51012-1856 | IA | 1998-03 | $100,083 |
| 4 | South Hamilton Community School District Foundation | 315 Division St, Jewell, IA 50130 | IA | 1996-07 | $76,510 |
| 5 | Vdtas Bernie Epstein Scholarship Fund | 2724 2nd Ave, Des Moines, IA 50313-4933 | IA | 1996-07 | $24,198 |
| 6 | Wall Lake View Auburn Community School Foundation | 801 Jackson St, Lake View, IA 51450-7784 | IA | 1997-11 | $4,149 |
| 7 | Vonice D Schelling Education Fund | 2912 W 3rd St, Cedar Falls, IA 50613-1837 | IA | 1997-02 | $1,437 |
| 8 | American Institute Of Commerce | 1801 E Kimberly Rd, Davenport, IA 52807-2095 | IA | 1992-06 | $0 |
| 9 | Andy Haverman Scholarship Fund | 201 Olympic Ave, Willey, IA 51401-8683 | IA | 1997-08 | $0 |
| 10 | B K Memorial Fund | PO BOX 233, Hawarden, IA 51023 | IA | 1995-03 | $0 |
| 11 | Connect Foundation | 1235 11th Street Apt 109, West Des Moines, IA 50265 | IA | 1994-11 | $0 |
| 12 | Earlham Foundation Fund Inc, Earlham Foundation Fund | 17237 358th Place, Earlham, IA 50072 | IA | 1995-04 | $0 |
| 13 | East Central Community Educational Foundation | PO BOX 367, Miles, IA 52064-0367 | IA | 1997-06 | $0 |
| 14 | Iowa Engineering Foundation Inc | 100 Court Ave Ste 203, Des Moines, IA 50309 | IA | 1998-10 | $0 |
| 15 | Lamoni Community School Alumni Scholarship Fund Inc | 202 North Walnut, Lamoni, IA 50140 | IA | 1992-07 | $0 |
| 16 | Linn County Medical Society Scholarship Fund | 813 First Avenue Se, Cedar Rapids, IA 52402 | IA | 1992-09 | $0 |
| 17 | Marcus-Meriden-Cleghorn Community School Educational Foundation | 105 S Elm St, Marcus, IA 51035 | IA | 1994-02 | $0 |
| 18 | Milford Kiwanis Youth Foundation | 2239 193rd Avenue, Milford, IA 51351 | IA | 1996-05 | $0 |
| 19 | Rotary Foundation Council Bluffs Iowa | 20 Pearl Street, Council Bluffs, IA 51503 | IA | 1993-03 | $0 |
| 20 | Southwest Iowa Educational Foundation Inc | PO BOX 2029, Council Bluffs, IA 51502 | IA | 1985-12 | $0 |
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| Total | 3,412 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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