Walnut Education Foundation in Walnut, Iowa (IA)
Table of contents:
| Walnut Education Foundation | |
| Employer Identification Number (EIN) | 311498834 |
| Name of Organization | Walnut Education Foundation |
| In Care of Name | Donald Bauerkemper |
| Address | PO BOX 543, Walnut, IA 51577-0543 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 02/1997 |
| 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 | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $178,889 |
| Amount of Income | $3,268 |
| Form 990 Revenue Amount | $3,268 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2013: $3,268 (it was $4,015 in 2012)
| This organization: | $3,268 |
| Other organizations performing similar types of work: | $74,829 |
Assets in 2013: $178,889 (it was $156,296 in 2012)
| Walnut Education Foundation: | $178,889 |
| Other organizations performing similar types of work: | $36,669 |
Expenses in 2013: $135
| Walnut Education Foundation: | $135 |
| Other organizations performing similar types of work: | $48,324 |
Income to expenses ratio in 2013: 24.2
| This organization: | 24.2 |
| Other organizations performing similar types of work: | 0.8 |
Grants share in income in 2013: 2.8%
| Walnut Education Foundation: | 2.8% |
| Other organizations performing similar types of work: | 3.5% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $4,220 | $4,015 | $3,268 |
| Contributions, gifts, grants, and similar amounts received | $655 | $30 | $90 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $3,565 | $3,985 | $3,178 |
| 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 | $7,300 | $135 | $135 |
| Total net assets | $137,255 | $156,296 | $178,889 |
| Excess/Deficit for the year | $-3,080 | $3,880 | $3,133 |
| Net assets or fund balances at beginning of year | $149,760 | $137,255 | $156,296 |
| Other changes in net assets or fund balances | $-9,425 | $15,161 | $19,460 |
| Net assets or fund balances at end of year | $156,296 | $178,889 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $137,255 | $156,296 | $178,889 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $137,255 | $156,296 | $178,889 |
| 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 | $8,547 |
| Subtotal Support | $8,547 |
| Gifts, grants, contributions, and membership fees received | $8,547 |
| 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 | $0 |
| Total Support | $26,160 |
| Public Support | $8,547 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $17,613 |
| 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 | Scago Educational Facilities Corporation For Spartanburg School | 100 N Danzler Rd, Duncan, SC 29334-9380 | SC | 2008-08 | $10,595,942 |
| 2 | The Visual Arts Center Of Richmond | 1812 W Main St, Richmond, VA 23220-4520 | VA | 1966-08 | $1,752,921 |
| 3 | San Marcos Baptist Academy Foundation | 2801 Ranch Road 12, San Marcos, TX 78666-2433 | TX | 1964-12 | $29,104 |
| 4 | Sioux City Public Schools Foundation | 627 4th St, Sioux City, IA 51101-1610 | IA | 2009-11 | $213,969 |
| 5 | Glenwood Booster Club | 504 Sharp St, Glenwood, IA 51534-1731 | IA | 2010-05 | $194,856 |
| 6 | Dunkerton Educational Coalition Inc | 509 S Canfield St, Dunkerton, IA 50626-9537 | IA | 2012-04 | $192,938 |
| 7 | Waukee Athletic Boosters | PO BOX 301, Waukee, IA 50263-0301 | IA | 2000-12 | $177,763 |
| 8 | Waukee Band Parents Organization | PO BOX 873, Waukee, IA 50263-0873 | IA | 1999-12 | $169,165 |
| 9 | Parent Booster Usa Inc, 53rd Street Singers Inc | 626 W 53rd St, Davenport, IA 52806-2239 | IA | 2005-10 | $126,189 |
| 10 | Washington Athletic Booster Club Inc | 401 W Monroe St, Washington, IA 52353-1466 | IA | 1996-11 | $112,357 |
| 11 | Parent Booster Usa Inc, Griswold Sports Booster Club Inc | 20 Madison Street, Griswold, IA 51535 | IA | 2005-10 | $103,045 |
| 12 | Pcm Athletic Booster Club | Pcm High School Hwy 163e, Monroe, IA 50170 | IA | 2014-04 | $100,963 |
| 13 | M Foundation Inc | 201 North Main Street, Madrid, IA 50156 | IA | 2010-09 | $83,236 |
| 14 | George Washington Carver Elementary School Parent-Teacher Group | 2007 Radford Rd, Dubuque, IA 52002-2535 | IA | 2010-08 | $64,771 |
| 15 | Akron-Westfield Athletic Booster Club | 730 Haskell St, Akron, IA 51001-8582 | IA | 2010-05 | $61,394 |
| 16 | Parent Booster Usa Inc, Belmond-Klemme Booster Klub | 1571 Tyrrell Lane, Belmond, IA 50421 | IA | 2005-10 | $60,699 |
| 17 | Oskaloosa Indian Booster Club Ltd | PO BOX 524, Oskaloosa, IA 52577-0524 | IA | 2010-12 | $60,585 |
| 18 | Sibley-Ocheyedan Athletic Booster Club | PO BOX 96, Sibley, IA 51249-0096 | IA | 2001-02 | $56,159 |
| 19 | Bobcat Boosteer Club | 2226 Summit Rd, Marshalltown, IA 50158 | IA | 2011-01 | $48,891 |
| 20 | Stc Music Boosters Inc | 101 E High St, Toledo, IA 52342-1509 | IA | 2012-01 | $46,950 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 7,349 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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