Landon Hays Memorial Scholarship Fund in Ruston, Louisiana (LA)

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Landon Hays Memorial Scholarship Fund
Employer Identification Number (EIN)276301365
Name of OrganizationLandon Hays Memorial Scholarship Fund
In Care of NameArgent Trust Ttee
Address500 E Reynolds Dr, Ruston, LA 71270-2821
SubsectionCharitable Organization
Ruling Date03/2011
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$251,252
Amount of Income$135,060
Form 990 Revenue Amount$54,128
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards


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Amount of income in 2012: $135,060 (it was $54,128 in 2011)
This organization: 

 $135,060
Other organizations performing similar types of work: 

 $42,700

Assets in 2012: $251,252 (it was $207,950 in 2011)
This organization: 

 $251,252
Other organizations performing similar types of work: 

 $68,974

Financial snapshot ($)

Revenue for 2011

Expenses for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$54,128$4,319$0
Contributions, gifts, grants, etc., received$51,000
Interest on savings and temporary cash investments$1,620
Dividends and interest from securities$2,699
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$8,114$1,998$0$6,116
Compensation of officers, directors, trustees, etc.$2,229
Total operating and administrative expenses$3,114$1,998$1,116
Contributions, gifts, grants paid$5,000
Excess of revenue over expenses and disbursements$46,014
Net investment income$2,321
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$207,950$206,149
Cash - non-interest-bearing$7,401
Investments-U.S. and state government obligations$0
Investments-corporate stock$90,904
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Other$109,645
Total liabilities$0
Total liabilities and net assets/fund balances$207,950
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$0
Net capital loss$-1,191
Excise Tax Based on Investment Income (for 2011)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$46
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$46
Amount to be credited to 2012 estimated tax$0
Statements Regarding Activities (for 2011)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?Yes
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2011)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$180,185
Net value of noncharitable-use assets$177,480
Minimum investment return$8,874
Distributable Amount (for 2011)
Distributable amount$8,828
Undistributed Income (for 2011)
Distributable amount for 2011$8,828
Undistributed income for 2011. This amount must be distributed in 2012$3,977
Private Operating Foundations (for 2011)
2011201020092008Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Us-Central Asia Education Foundation1 Shepherds Ln, North Hampton, NH 03862-2133NH2007-10$4,913,537
2Subsea Tieback Scholarship Fund5203 Palmetto St, Bellaire, TX 77401-3333TX2007-10$109,114
3Tom Mcmahon Construction Scholarship Fund6996 S Gibraltar St, Centennial, CO 80016-1714CO2006-11$18,538
4Thenella Foundation5154 Faulkner Drive, Darrow, LA 70725LA2009-07$1,441,799
5Fourchon Oilmans Association IncPO BOX 1270, Cut Off, LA 70345-1270LA2011-05$379,450
6Landon Hays Memorial Scholarship Fund500 E Reynolds Dr, Ruston, LA 71270-2821LA2011-03$135,060
7The Jl Foundation21223 Waterfront Drive, Maurepas, LA 70449LA2002-08$134,806
8Alumni Association Of Beta Pi IncPO BOX 1766, Baton Rouge, LA 70821-1766LA2010-04$125,862
9Washington Mens ClubPO BOX 1260, Bogalusa, LA 70429-1260LA2008-04$109,321
10Blackhawk Flight Foundation Inc300 Oak Island Drive, Mandeville, LA 70448LA2008-02$97,941
11Louisiana Housing Council Scholarship Foundation Inc2910 Common St, Lake Charles, LA 70601-8535LA2010-05$83,834
12Patrick Williamson Memorial Foundation Inc1077 Briar Patch Rd, Broussard, LA 70518-8022LA2011-07$68,260
13Southwestern Division Of The International Association Of Fire12534 Highway 11, Belle Chasse, LA 70037-4232LA2009-04$59,362
14Louisiana Nursery Landscape Foundation For Scholarship And ResPO BOX 580, Folsom, LA 70437-0580LA2009-12$54,547
15Jump Start Your Heart Inc17732 Highland Rd No G 150, Baton Rouge, LA 70810LA2009-03$43,414
16Second Chance Foundation517 N New Hamps St, Covington, LA 70433-2807LA1997-01$42,700
17Shine Your Light Inc6440 Canal Blvd, New Orleans, LA 70124LA2009-09$26,928
18Sullivan Vocational Foundation Inc723 Louisiana Ave, Bogalusa, LA 70427-3328LA1999-12$26,115
19Louisiana Youth Conference Inc, Lycinc2427 Monroe St, Alexandria, LA 71301LA2010-11$25,823
20Rotary Club Of Southwest Shreveport Inc7330 Fern Ave Ste 201, Shreveport, LA 71105-4973LA2006-11$22,806
Number of organizations performing similar types of work
Alaska43
Alabama250
Arkansas194
Arizona319
California2,300
Colorado349
Connecticut321
District of Columbia190
Delaware72
Florida1,105
Georgia574
Hawaii107
Iowa213
Idaho84
Illinois983
Indiana318
Kansas186
Kentucky239
Louisiana208
Massachusetts723
Maryland523
Maine130
Michigan616
Minnesota318
Missouri405
Mississippi131
Montana104
North Carolina548
North Dakota21
Nebraska109
New Hampshire123
New Jersey1,012
New Mexico109
Nevada138
New York1,422
Ohio817
Oklahoma213
Oregon252
Pennsylvania868
Rhode Island122
South Carolina208
South Dakota48
Tennessee287
Texas1,807
Utah187
Virginia572
Vermont84
Washington420
Wisconsin373
West Virginia96
Wyoming40
International28
Total20,909

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