Veronica And Alphons M Busch Scholarship Foundation in Shakopee, Minnesota (MN)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Veronica And Alphons M Busch Scholarship Foundation | |
| Employer Identification Number (EIN) | 411902486 |
| Name of Organization | Veronica And Alphons M Busch Scholarship Foundation |
| In Care of Name | Kathy Busch |
| Address | 505 Holmes St S, Shakopee, MN 55379-1344 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 07/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $76,472 |
| Amount of Income | $2,237 |
| Form 990 Revenue Amount | $2,237 |
| 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 2011: $2,237 (it was $2,220 in 2010)
| This organization: | $2,237 |
| Other organizations performing similar types of work: | $72,336 |
Assets in 2011: $76,472 (it was $75,097 in 2010)
| Veronica And Alphons M Busch Scholarship Foundation: | $76,472 |
| Other organizations performing similar types of work: | $239,394 |
Expenses in 2011: $1,200
| This organization: | $1,200 |
| Other organizations performing similar types of work: | $40,888 |
Income to expenses ratio in 2011: 1.9
| This organization: | 1.9 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2011: 0.0%
| Veronica And Alphons M Busch Scholarship Foundation: | 0.0% |
| Other organizations performing similar types of work: | 0.1% |
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $2,237 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $2,237 | |||
| Total expenses and disbursements | $1,200 | $0 | $0 | $1,200 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $0 | $0 | $0 | |
| Contributions, gifts, grants paid | $1,200 | |||
| Excess of revenue over expenses and disbursements | $1,037 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $76,472 | $70,985 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $76,472 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $76,472 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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? | No |
| 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 | $71,687 |
| Net value of noncharitable-use assets | $70,620 |
| Minimum investment return | $3,531 |
| Distributable Amount (for 2011) | |
| Distributable amount | $3,531 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $3,531 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $3,531 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | Total | |
|---|---|---|---|---|---|
| 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 | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Sylvester H Reed Memorial Trust | PO BOX 1111, Pflugerville, TX 78691-1111 | TX | 1998-01 | $1,242,927 |
| 2 | The W R Hotchkiss Foundation | PO BOX 64235, Saint Paul, MN 55164-0235 | MN | 1962-06 | $2,648,705 |
| 3 | Scholarship America Inc, Beaver Dam Scholarship Foundation I | 1 Scholarship Way, St Peter, MN 56082-1693 | MN | $1,387,429 | |
| 4 | Warren Alvarado Oslo Public School Education Foundation | 224 E Bridge Ave, Warren, MN 56762-1533 | MN | 1993-01 | $235,281 |
| 5 | National Black Mba Association Twin Cities Chapter Inc | 2915 Wayzata Blvd, Minneapolis, MN 55405 | MN | 1995-10 | $98,055 |
| 6 | Vincent L Hawkinson Foundation | 324 Harvard St Se, Minneapolis, MN 55414 | MN | 1990-11 | $81,377 |
| 7 | Saint Paul Central Scholarship Fund | 1252 Como Blvd E, Saint Paul, MN 55117-4009 | MN | 1995-01 | $55,741 |
| 8 | Sister Joseph Endowment Fund For Nursing Education Saint Marys Hosp | PO BOX 64713, Saint Paul, MN 55164-0713 | MN | 1971-01 | $48,569 |
| 9 | Shakopee Rotary Scholarship Foundation | PO BOX 511, Shakopee, MN 55379-0511 | MN | 1992-06 | $25,266 |
| 10 | The Grand Lodge Of Minnesota I O O F Foundation | PO BOX 7415, Hutchinson, MN 55350-7415 | MN | 1995-11 | $12,490 |
| 11 | Shelly Dorgan Memorial Scholarship Fund | 4504 Gilford Dr, Minneapolis, MN 55435-4043 | MN | 1995-11 | $2,500 |
| 12 | Veronica And Alphons M Busch Scholarship Foundation | 505 Holmes St S, Shakopee, MN 55379-1344 | MN | 1998-07 | $2,237 |
| 13 | Stephan Larson Wolf Foundation | 11441 Aspen Way, Minnetonka, MN 55305-2962 | MN | 1994-07 | $372 |
| 14 | Bloomington Scholarship Foundation Incorporated | 8536 4th Avenue South, Bloomington, MN 55420 | MN | 1966-12 | $0 |
| 15 | Gayle A Wallace Memorial Scholarship Trust Fund | 19776 Grouse Rd, Park Rapids, MN 56470 | MN | 1998-07 | $0 |
| 16 | Holy Spirit School Class Of 1966 Memorial Fund | 1380 Duckwood Dr, Eagan, MN 55123-1090 | MN | 1997-07 | $0 |
| 17 | International Education Foundation | 8139 157th St N, Hugo, MN 55038-9324 | MN | 1991-01 | $0 |
| 18 | Jim Traver Memorial Scholarship Fund | 3035 California St Ne, Minneapolis, MN 55418 | MN | 1995-04 | $0 |
| 19 | Ken Borg Memorial Scholarship Fund | 100 Larson St, Ashby, MN 56309 | MN | 1993-01 | $0 |
| 20 | Michael K Wensel Memorial Foundation | 913 Indigo Road Nw, Rice, MN 56367 | MN | 1994-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,412 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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