Garner Rotary Club Trust Fund Inc in Garner, North Carolina (NC)

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Garner Rotary Club Trust Fund Inc
Employer Identification Number (EIN)561826293
Name of OrganizationGarner Rotary Club Trust Fund Inc
In Care of NameJonathan D Adams
AddressPO BOX 529, Garner, NC 27529-0529
ActivitiesScholarships (other)
SubsectionCharitable Organization
Ruling Date08/1993
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 Period06/2014
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$338,997
Amount of Income$109,977
Form 990 Revenue Amount$95,432
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: $109,977 (it was $35,675 in 2013)
Garner Rotary Club Trust Fund Inc: 

 $109,977
Other organizations performing similar types of work: 

 $72,336

Assets in 2014: $338,997 (it was $253,565 in 2013)
Garner Rotary Club Trust Fund Inc: 

 $338,997
Other organizations performing similar types of work: 

 $239,394

Expenses in 2014: $10,000
This organization: 

 $10,000
Other organizations performing similar types of work: 

 $40,888

Income to expenses ratio in 2014: 11.0
Garner Rotary Club Trust Fund Inc: 

 11.0
Other organizations performing similar types of work: 

 1.4

Grants share in income in 2014: 88.7%
This organization: 

 88.7%
Other organizations performing similar types of work: 

 0.1%

Financial snapshot ($)

Revenue for 2014

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201220132014
Total revenue$21,770$21,678$95,432
Contributions, gifts, grants, and similar amounts received$14,092$12,901$84,642
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$8,173$8,480$8,834
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$-495$297$1,956
Gross income from gaming$0$0$0
Gross income from fundraising events$11,116$14,294$16,501
Less: direct expenses from gaming and fundraising events$11,611$13,997$14,545
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$9,250$10,500$10,000
Total net assets$242,387$253,565$338,997
Excess/Deficit for the year$12,520$11,178$85,432
Net assets or fund balances at beginning of year$229,867$242,387$253,565
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$253,565$338,997
Balance Sheets
201220132014
Total assets$242,387$253,565$338,997
Total liabilities$0$0$0
Net assets or fund balances$242,387$253,565$338,997
Other Information
201220132014
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 2014)
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 2010 - 2014)
2010 - 2014 Total
Public Support$65,936
Subtotal Support$129,628
Gifts, grants, contributions, and membership fees received$129,628
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$63,692
Total Support$172,702
Public Support$129,628
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$43,074
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.$16,501
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Sylvester H Reed Memorial TrustPO BOX 1111, Pflugerville, TX 78691-1111TX1998-01$1,242,927
2William Harold Smith Charitable Tr, Smith J Matt Ttee1105 Airport Rd, Marion, NC 28752-5633NC1998-09$1,369,829
3Leighton Frederick Sandys Ford Jr Scholarship Memorial Fund4029 Doves Roost Ct, Charlotte, NC 28211-5047NC1982-04$405,553
4Ruth C Clark Tw Fbo Ruth C Clarkescholarship Fund1525 W Wt Harris Blvd D1114-044, Charlotte, NC 28262NC1981-01$353,693
5Virgil & Mildred Roy Scholarship Fund Tr 700609001 W 4th St 4th Floor, Winston Salem, NC 27101-3818NC1988-07$324,153
6Sponsors For Academic Talent IncPO BOX 233, Jacksonville, NC 28541-0233NC1992-08$129,351
7Warren County Training School-North Warren High School Alumni, Association And FriendsPO BOX 122, Wise, NC 27594-0122NC1995-06$107,536
8Voorhies Scholarship Tr Fund1 W 4th St 4th Fl Mac D4000-041, Winston Salem, NC 27101-3818NC1995-09$91,748
9The Waylin Area Foundation123 N Center St, Mount Olive, NC 28365NC1993-05$69,638
10The Qubein Foundation806 Westchester Dr, High Point, NC 27262-7347NC1993-10$54,576
11Scott Scholarship Trust 1816-169835001 W 4th St 4th Fl, Winston Salem, NC 27101-3818NC1998-08$31,100
12Thomas C Meredith Jr Scholarship Foundation1 W 4th St, Winston Salem, NC 27101-3818NC1995-02$21,006
13International Society For Adult Congenital Cardiac Disease1500 Sunday Drive Ste 102, Raleigh, NC 27607NC1994-09$19,323
14The Claude And Mickie@gable Scholarship TrustPO BOX 3170, Thomasville, NC 27361-3170NC1998-01$16,200
15Rufus Harrell Scholarship Foundation246 Ainsley Rd, Hertford, NC 27944-9478NC1996-04$6,194
16Holliday Educational Foundation103 Rockview Lane, Morganton, NC 28655NC1992-04$2,552
17Anthroposophical Society In North Carolina IncP O Box 16024, Chapel Hill, NC 27516-6024NC1997-09$0
18Carolina-Virginia Reading Service IncorporatedP O Box 717, Roanoke Rapids, NC 27870NC1997-04$0
19Charles E Harris Memorial Scholarship Fund3618 Mossdale Avenue, Durham, NC 27707NC1998-04$0
20Citizens For Media Literacy Inc, Citizens For Media Literacy34 Wall Street, Asheville, NC 28801-2725NC1994-09$0
Number of organizations performing similar types of work
Alaska15
Alabama29
Arkansas27
Arizona42
California252
Colorado46
Connecticut69
District of Columbia36
Delaware10
Florida151
Georgia78
Hawaii18
Iowa52
Idaho15
Illinois193
Indiana80
Kansas57
Kentucky48
Louisiana26
Massachusetts102
Maryland74
Maine15
Michigan138
Minnesota61
Missouri93
Mississippi12
Montana14
North Carolina100
North Dakota5
Nebraska30
New Hampshire12
New Jersey147
New Mexico15
Nevada16
New York202
Ohio188
Oklahoma33
Oregon38
Pennsylvania160
Rhode Island22
South Carolina36
South Dakota7
Tennessee42
Texas251
Utah11
Virginia136
Vermont9
Washington68
Wisconsin96
West Virginia21
Wyoming9
International5
Total3,412

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