Air Force Sergeants Association Scholarship Fund in Suitland, Maryland (MD)

Air Force Sergeants Association Scholarship Fund
Employer Identification Number (EIN)	237135839
Name of Organization	Air Force Sergeants Association Scholarship Fund
In Care of Name	E Marshall Jr
Address	5211 Auth Rd, Suitland, MD 20746-4339
Activities	Described in section 509(a)(2) of the Code, Other school related activities, Scholarships (other)
Subsection	Charitable Organization, Educational Organization
Ruling Date	09/1971
Deductibility	Contributions are deductible
Foundation	Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
Organization	Trust
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	$159,239
Amount of Income	$12,098
Form 990 Revenue Amount	$12,098
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 2013: $12,098

This organization:	$12,098
Other organizations performing similar types of work:	$299,534

Assets in 2013: $159,239

This organization:	$159,239
Other organizations performing similar types of work:	$1,135,383

Expenses in 2013: $23,500

This organization:	$23,500
Other organizations performing similar types of work:	$135,405

Income to expenses ratio in 2013: 0.5

Air Force Sergeants Association Scholarship Fund:	0.5
Other organizations performing similar types of work:	1.8

Expenses allocated to program services in 2007: 0.0%

This organization:	0.0%
Other organizations performing similar types of work:	82.4%

Grants share in income in 2013: 91.8%

This organization:	91.8%
Other organizations performing similar types of work:	74.1%

Financial snapshot ($)

Revenue for 2013

	2011	2012	2013
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$45,676	$19,752	$12,098
Contributions, gifts, grants, and similar amounts received	$42,403	$18,264	$11,111
Program service revenue including government fees and contracts	$0	$0	$0
Membership dues and assessments	$0	$0	$0
Investment income	$3,273	$1,488	$987
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	$23,500	$23,500	$23,500
Total net assets	$174,389	$170,641	$159,239
Excess/Deficit for the year	$22,176	$-3,748	$-11,402
Net assets or fund balances at beginning of year	$152,213	$174,389	$170,641
Other changes in net assets or fund balances	$0	$0	$0
Net assets or fund balances at end of year		$170,641	$159,239

	2011	2012	2013
Balance Sheets
Total assets	$174,389	$170,641	$159,239
Total liabilities	$0	$0	$0
Net assets or fund balances	$174,389	$170,641	$159,239

	2011	2012	2013
Other Information
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 organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Number of organizations supported	1
Sum of amounts of support	$0

	2000	2001	2002	2003	2004	2005	2006	2007
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$36,017	$36,229	$42,508	$45,476	$42,606	$38,399	$35,139	$35,819
Contributions, gifts, grants, and similar amounts received	$33,349	$28,141	$35,551	$37,730	$37,351	$33,081	$26,616	$25,477
Program service revenue including government fees and contracts	$0	$0	$0	$0	$0	$0	$0	$0
Membership dues and assessments	$0	$0	$0	$0	$0	$0	$0	$0
Investment income	$2,668	$8,088	$6,957	$7,746	$5,255	$5,318	$8,523	$10,342
Gain or (loss) from sales of assets other than inventory	$0	$0	$0	$0	$0	$0	$0	$0
Gross amount from sales of assets other than inventory	$0	$0	$0	$0	$0	$0	$0	$0
Less: cost or other basis and sales expenses	$0	$0	$0	$0	$0	$0	$0	$0
Net income or (loss) from special events and activities	$0	$0	$0	$0	$0	$0	$0	$0
Gross revenue	$0	$0	$0	$0	$0	$0	$0	$0
Less: direct expenses other than fundraising expenses	$0	$0	$0	$0	$0	$0	$0	$0
Gross profit or (loss) from sales of inventory	$0	$0	$0	$0	$0	$0	$0	$0
Gross sales of inventory, less returns and allowances	$0	$0	$0	$0	$0	$0	$0	$0
Less: cost of goods sold	$0	$0	$0	$0	$0	$0	$0	$0
Other revenue	$0	$0	$0	$0	$0	$0	$0	$0
Total expenses	$38,500	$36,500	$42,000	$41,350	$40,051	$38,676	$37,000	$23,000
Grants and similar amounts paid	$38,500	$36,500	$42,000	$41,350	$40,051	$38,676	$37,000	$23,000
Benefits paid to or for members	$0	$0	$0	$0	$0	$0	$0	$0
Salaries, other compensation, and employee benefits	$0	$0	$0	$0	$0	$0	$0	$0
Professional fees and other payments to independent contractors	$0	$0	$0	$0	$0	$0	$0	$0
Occupancy, rent, utilities, and maintenance	$0	$0	$0	$0	$0	$0	$0	$0
Printing, publications, postage, and shipping	$0	$0	$0	$0	$0	$0	$0	$0
Other expenses	$0	$0	$0	$0	$0	$0	$0	$0
Net assets or fund balances at end of year	$215,172	$214,901	$215,409	$219,535	$222,090	$221,813	$219,952	$232,771
Excess or (deficit) for the year	$-2,483	$-271	$508	$4,126	$2,555	$-277	$-1,861	$12,819
Net assets or fund balances at beginning of year	$217,655	$215,172	$214,901	$215,409	$219,535	$222,090	$221,813	$219,952
Other changes in net assets or fund balances	$0	$0	$0	$0	$0	$0	$0	$0

	2000	2001	2002	2003	2004	2005	2006	2007
Balance Sheets
Total assets	$215,172	$214,901	$215,409	$219,535	$222,090	$221,813	$219,952	$232,771
Cash, savings, and investments	$215,172	$214,901	$0	$219,535	$222,090	$221,813	$219,952	$232,771
Land and buildings	$0	$0	$215,409	$0	$0	$0	$0	$0
Other assets	$0	$0	$0	$0	$0	$0	$0	$0
Total liabilities	$0	$0	$0	$0	$0	$0	$0	$0
Net assets or fund balances	$215,172	$214,901	$215,409	$219,535	$222,090	$221,813	$219,952	$232,771

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	No
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?	No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?	No

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0

Total number of other employees paid over $50,000	0

Total number of other employees paid over $50,000

Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities	$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?	No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?	No
Did the organization maintain any donor advised funds?	No
Did the organization make any taxable distributions under section 4966?	No
Did the organization make a distribution to a donor, donor advisor, or related person?	No
The total number of donor advised funds owned at the end of the tax year	$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year	$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts	$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year	$0

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is	Organization that receives a substantial part of its support from a governmental unit or from the general public

	1999	2000	2001	2002	2003	2004	2005	2006
Support Schedule
Total	$34,695	$36,017	$36,229	$42,508	$45,476	$42,606	$38,399	$35,139
Gifts, grants, and contributions received	$28,735	$33,349	$28,141	$35,551	$37,730	$37,351	$33,081	$26,616
Membership fees received	$0	$0	$0	$0	$0	$0	$0	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$0	$0	$0	$0	$0	$0	$0	$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$5,960	$2,668	$8,088	$6,957	$7,746	$5,255	$5,318	$8,523
Net income from unrelated business activities not included above	$0	$0	$0	$0	$0	$0	$0	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0	$0	$0	$0	$0	$0	$0	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0	$0	$0	$0	$0	$0	$0	$0
Other income	$0	$0	$0	$0	$0	$0	$0	$0

Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	The Marion I And Henry Jknott Scholarship Fund Inc	4501 N Charles St, Baltimore, MD 21210-2601	MD	1992-03	$35,464,111
2	American Association Of Obstetricians And Gynecologists Fo	9 Newport Dr Ste 200, Forest Hill, MD 21050-1693	MD	1942-12	$5,071,851
3	W W Wannamaker Citadel Star Of The West Ma	PO BOX 2904, Wilson, NC 27894-2904	NC	1953-02	$2,852,405
4	Fund For Podiatric Medical Education In	Bethesda, MD 20814	MD		$662,737
5	Airmen Memorial Foundation Inc	5211 Auth Rd, Suitland, MD 20746-4339	MD	1984-03	$76,023
6	Maryland Association Of Certified Public Accnts Educ Fndtn Inc	901 Dulaney Valley Rd Ste 710, Towson, MD 21204-2683	MD	1993-08	$40,111
7	Air Force Sergeants Association Scholarship Fund	5211 Auth Rd, Suitland, MD 20746-4339	MD	1971-09	$12,098
8	Big Band Society Washington Metro Area Inc	Po Bos 6103, Silver Spring, MD 20916	MD	1981-03	$1
9	Top Ladies Of Distinction Inc, Parent	2914 Southmore Blvd, Houston, TX 77004-7710	TX	1974-11	$557,438
10	Veterinary Scholarship Trust Of New England	PO BOX 3221, N Attleboro, MA 02761-3221	MA	1961-10	$336,835
11	South Dakota Farmers Union Foundation	1410 Dakota Ave S, Huron, SD 57350-3661	SD	2001-10	$291,539
12	Phoenix Preparatory High Schools Inc, Chabad Tuition Organization	2110 E Lincoln Drive, Phoenix, AZ 85016	AZ	1999-06	$250,496
13	Spanish American Institute	PO BOX 92943, Long Beach, CA 90809-2943	CA	1926-09	$207,483
14	The Carol Martin Gruodis Memorial Education Fund	C/O Mps Llp - 685 Third Ave, New York, NY 10017	NY	2002-05	$201,819
15	Thomas S Gunning Scholarship Foundation	100 Grossman Drive, Braintree, MA 02184-4949	MA	2001-10	$156,600
16	St Mary Central Education Tuition Assistance Fund 03261998	PO BOX 12800, Green Bay, WI 54307-2800	WI	1999-10	$134,347
17	Trans-Mississippi Turf Scholarship Fund	2909 Cole Ave Ste 305, Dallas, TX 75204-1302	TX	1964-12	$115,838
18	Tr Ua Crafton Raynar Browne, Equitable Trust Company	PO BOX 1802, Providence, RI 02901-1802	RI	2000-01	$97,648
19	The Schroeder Scholarship Fund, Schroeder Scholarship Fund	131 Overlook Dr, Pittsburgh, PA 15216-1434	PA	1989-02	$86,772
20	Krishen Charitable Trust Fund Inc	2911 Eaton Sq, Ellicott City, MD 21043-3594	MD	2008-10	$7,530

Number of organizations performing similar types of work

Alaska	3
Alabama	12
Arkansas	12
Arizona	19
California	92
Colorado	3
Connecticut	3
District of Columbia	7
Delaware	2
Florida	9
Georgia	9
Hawaii	3
Iowa	8
Idaho	1
Illinois	28
Indiana	7
Kentucky	4
Louisiana	4
Massachusetts	15
Maryland	8
Michigan	3
Minnesota	27
Missouri	8
Mississippi	3
Montana	1

North Carolina	16
North Dakota	2
Nebraska	2
New Hampshire	2
New Jersey	12
New Mexico	1
Nevada	1
New York	16
Ohio	17
Oklahoma	3
Oregon	1
Pennsylvania	16
Rhode Island	1
South Carolina	5
South Dakota	2
Tennessee	5
Texas	37
Utah	1
Virginia	14
Vermont	1
Washington	5
Wisconsin	12
Wyoming	3
International	3

Total

469

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