Ideal Scholarship Foundation in Pequot Lakes, Minnesota (MN)

Organization representatives - add corrected or new information about Ideal Scholarship Foundation »

Non-representatives - add comments about Ideal Scholarship Foundation»

Ideal Scholarship Foundation
Employer Identification Number (EIN)411607798
Name of OrganizationIdeal Scholarship Foundation
In Care of NameVickey Leonard
Address34310 Peoria Road, Pequot Lakes, MN 56472
ActivitiesDescribed in section 170(b)1)(a)(vi) of the Code, Scholarships (other)
SubsectionCharitable Organization
Ruling Date11/1995
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2008
Assets$100,000 to $499,999
Income$10,000 to $24,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$281,990
Amount of Income$14,616
Form 990 Revenue Amount$14,616
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards


Non-representatives - add comments:


CAPTCHA

Your IP address 54.90.204.233 will be logged.

Amount of income in 2008: $14,616 (it was $34,082 in 2013)
Ideal Scholarship Foundation: 

 $14,616
Other organizations performing similar types of work: 

 $41,680

Assets in 2008: $281,990 (it was $284,108 in 2013)
This organization: 

 $281,990
Other organizations performing similar types of work: 

 $65,579

Expenses in 2013: $12,897
This organization: 

 $12,897
Other organizations performing similar types of work: 

 $24,470

Income to expenses ratio in 2013: 1.1
This organization: 

 1.1
Other organizations performing similar types of work: 

 0.5

Grants share in income in 2013: 8.9%
Ideal Scholarship Foundation: 

 8.9%
Other organizations performing similar types of work: 

 9.0%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$10,905$51,672$34,082
Contributions, gifts, grants, and similar amounts received$10,500$38,000$3,034
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$405$13,672$31,048
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$7,175$6,680$12,897
Total net assets$217,931$262,923$284,108
Excess/Deficit for the year$3,730$44,992$21,185
Net assets or fund balances at beginning of year$214,201$217,931$262,923
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$262,923$284,108
Balance Sheets
201120122013
Total assets$217,931$262,923$284,108
Total liabilities$0$0$0
Net assets or fund balances$217,931$262,923$284,108
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
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 supported0
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$65,034
Subtotal Support$65,034
Gifts, grants, contributions, and membership fees received$65,034
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$136,709
Public Support$65,034
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$71,675
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
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Ideal Scholarship Foundation to others? (optional)
  
Add photo of Ideal Scholarship Foundation (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
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
4Wasie Foundation230 Manitoba Ave S Ste 110, Wayzata, MN 55391-1805MN1967-04$15,414,639
5Wallin Education Partners5200 Willson Rd Ste 209, Minneapolis, MN 55424-1343MN2007-05$4,256,589
6Tee It Up For The Troops Inc515 W Travelers Trl, Burnsville, MN 55337-2548MN2006-02$1,696,502
7The Valspar FoundationPO BOX 1461, Minneapolis, MN 55440-1461MN1979-12$1,607,989
8Stevens Seminary Foundation1017 Hennepin Ave N, Glencoe, MN 55336-2218MN2002-10$1,250,753
9Donations For Education5401 Gamble Dr Ste 275, Minneapolis, MN 55416-1572MN2009-07$442,783
10Go Corps6736 Regent Ave N, Brooklyn Ctr, MN 55429-1660MN2011-03$312,111
11TeachaitiPO BOX 1173, Detroit Lakes, MN 56502-1173MN2010-02$259,609
12District 196 Foundation Incorporated, Apple Valley High School Scholarship Fund3455 153rd Street West, Rosemount, MN 55068MN2010-10$256,552
13Transformation Fund3033 Excelsior Blvd Ste 190, Minneapolis, MN 55416-4692MN2000-07$256,047
14Devin Lomax Bolkcom Smith Scholarship Fund1365 Idaho Ave W, Falcon Hgts, MN 55108-2113MN2012-04$219,671
15Sfm Foundation3500 American Blvd West, Bloomington, MN 55431MN2008-08$208,204
16San Lucas Toliman Scholars34 Hilltop Ln, St Paul, MN 55116-2720MN2006-03$174,209
17Upper Midwest A-C Club22243 200th St, Hutchinson, MN 55350-4234MN2015-03$154,494
18Tlc Education Foundation1411 W River Rd, Minneapolis, MN 55411-3429MN2000-04$145,943
19Minnesota Educational Scholarship Fund Inc8642 Ivan Ave S, Cottage Grove, MN 55016MN2014-06$127,164
20Gre Employees Memorial Scholarship Fund Inc12300 Elm Creek Blvd N, Maple Grove, MN 55369-4718MN1996-04$102,483
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

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Ideal Scholarship Foundation and has no official or unofficial affiliation with Ideal Scholarship Foundation