Rotary Club Of Metairie Scholarship Foundation Inc in Metairie, Louisiana (LA)

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Rotary Club Of Metairie Scholarship Foundation Inc
Employer Identification Number (EIN)461639117
Name of OrganizationRotary Club Of Metairie Scholarship Foundation Inc
In Care of NameHarold A Buchler Jr
Address3014 Metairie Rd, Metairie, LA 70001-5302
SubsectionCharitable Organization, Educational Organization
Ruling Date08/2014
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$371,711
Amount of Income$83,376
Form 990 Revenue Amount$80,815
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 2014: $83,376
This organization: 

 $83,376
Other organizations performing similar types of work: 

 $41,680

Assets in 2014: $371,711
This organization: 

 $371,711
Other organizations performing similar types of work: 

 $65,579

Expenses in 2014: $21,100
Rotary Club Of Metairie Scholarship Foundation Inc: 

 $21,100
Other organizations performing similar types of work: 

 $24,470

Income to expenses ratio in 2014: 4.0
Rotary Club Of Metairie Scholarship Foundation Inc: 

 4.0
Other organizations performing similar types of work: 

 0.5

Grants share in income in 2014: 27.9%
Rotary Club Of Metairie Scholarship Foundation Inc: 

 27.9%
Other organizations performing similar types of work: 

 9.0%

Financial snapshot for 2014 ($)

Revenue for 2014

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2014
Total revenue$80,815
Contributions, gifts, grants, and similar amounts received$22,554
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$7,872
Gain/Loss from sale of assets other than inventory$539
Gross amount from sale of assets other than inventory$3,100
Less: cost or other basis and sales expenses$2,561
Net income/loss from gaming and fundraising events$0
Gross profit/loss from sales of inventory$0
Other revenue$49,850
Total expenses$21,100
Total net assets$371,711
Excess/Deficit for the year$59,715
Net assets or fund balances at beginning of year$311,996
Other changes in net assets or fund balances$0
Net assets or fund balances at end of year$371,711
Balance Sheets
2014
Total assets$371,711
Total liabilities$0
Net assets or fund balances$371,711
Other Information
2014
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 activitiesNo
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
Gross receipts for public use of club facilities$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 2014)
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 supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014)
2010 - 2014 Total
Public support$22,554
Subtotal$22,554
Gifts, grants, contributions, and membership fees received$22,554
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$80,815
Public support$22,554
Subtotal$7,872
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$7,872
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$50,389
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Us-Central Asia Education Foundation124 U St Nw, Washington, DC 20001-1606DC2007-10$4,838,252
2Subsea Tieback Scholarship Fund5418 Woodbury St, Fulshear, TX 77441-4139TX2007-10$101,112
3Tom Mcmahon Construction Scholarship Fund4441 S Abilene Cir, Aurora, CO 80015-1047CO2006-11$18,033
4Thenella Foundation5154 Faulkner Drive, Darrow, LA 70725LA2009-07$828,328
5Fourchon Oilmans Association IncPO BOX 1270, Cut Off, LA 70345-1270LA2011-05$571,360
6Foundation For Fallen LinemenPo Box 11890, Alexandria, LA 71315LA2014-07$260,157
7Alumni Association Of Beta Pi IncPO BOX 1766, Baton Rouge, LA 70821-1766LA2010-04$234,895
8The Jl Foundation21223 Waterfront Drive, Maurepas, LA 70449LA2002-08$185,574
9Patrick Williamson Memorial Foundation Inc1077 Briar Patch Rd, Broussard, LA 70518-8022LA2011-07$148,156
10Blackhawk Flight Foundation Inc300 Oak Island Drive, Mandeville, LA 70448LA2008-02$129,600
11Vrc Educational And Scholarship Program1024 Pierre Ave, Shreveport, LA 71103-2830LA2003-05$90,805
12Delta Lambda Omega Ivy Crown Community Services, Ivy Crown Community Services IncorporatedPo Box 37547, Shreveport, LA 71133LA2010-04$87,296
13Second Chance Foundation517 N New Hampshire St, Covington, LA 70433-2807LA1997-01$84,500
14Rotary Club Of Metairie Scholarship Foundation Inc3014 Metairie Rd, Metairie, LA 70001-5302LA2014-08$83,376
15Louisiana Legislative Black Caucus FoundationPO BOX 44155, Baton Rouge, LA 70804-4155LA2013-11$62,825
16Louisiana Nursery Landscape Foundation For Scholarship And ResPO BOX 580, Folsom, LA 70437-0580LA2009-12$55,293
17Landon Hays Memorial Scholarship Fund500 E Reynolds Dr, Ruston, LA 71270-2821LA2011-03$47,517
18Get Up IncP O Box 37612, Shreveport, LA 71133LA2005-06$45,000
19Jump Start Your Heart Inc17732 Highland Rd No G 150, Baton Rouge, LA 70810LA2009-03$43,414
20Shine Your Light Inc6440 Canal Blvd, New Orleans, LA 70124LA2009-09$43,129
Number of organizations performing similar types of work
Alaska48
Alabama286
Arkansas212
Arizona375
California2,590
Colorado397
Connecticut360
District of Columbia210
Delaware90
Florida1,248
Georgia644
Hawaii125
Iowa241
Idaho90
Illinois1,083
Indiana348
Kansas216
Kentucky271
Louisiana247
Massachusetts819
Maryland580
Maine135
Michigan690
Minnesota353
Missouri459
Mississippi159
Montana122
North Carolina631
North Dakota29
Nebraska124
New Hampshire145
New Jersey1,137
New Mexico122
Nevada157
New York1,581
Ohio902
Oklahoma233
Oregon274
Pennsylvania951
Rhode Island132
South Carolina243
South Dakota54
Tennessee325
Texas2,055
Utah196
Virginia649
Vermont87
Washington473
Wisconsin403
West Virginia110
Wyoming43
International27
Total23,481

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