Insurance Scholarship Foundation Of America, Naiw Education Foundation in Hendersonvlle, North Carolina (NC)
Table of contents:
| Insurance Scholarship Foundation Of America, Naiw Education Foundation | |
| Employer Identification Number (EIN) | 731429257 |
| Name of Organization | Insurance Scholarship Foundation Of America |
| Secondary Name | Naiw Education Foundation |
| Address | PO BOX 866, Hendersonvlle, NC 28793-0866 |
| Activities | Scholarships (other) |
| Subsection | Educational Organization |
| Ruling Date | 11/2005 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $160,997 |
| Amount of Income | $46,223 |
| Form 990 Revenue Amount | $27,393 |
Non-representatives - add comments:
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $28,787 | $24,227 | $27,393 |
| Contributions, gifts, grants, and similar amounts received | $13,604 | $13,301 | $12,684 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $1,950 | $1,823 | $1,712 |
| Gain/Loss from sale of assets other than inventory | $6,889 | $6,292 | $7,984 |
| Gross amount from sale of assets other than inventory | $57,744 | $33,769 | $23,422 |
| Less: cost or other basis and sales expenses | $50,855 | $27,477 | $15,438 |
| Net income/loss from gaming and fundraising events | $5,514 | $2,314 | $3,013 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $9,490 | $5,980 | $6,405 |
| Less: direct expenses from gaming and fundraising events | $3,976 | $3,666 | $3,392 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $830 | $497 | $2,000 |
| Total expenses | $81,205 | $46,056 | $41,309 |
| Total net assets | $184,565 | $164,433 | $160,615 |
| Excess/Deficit for the year | $-52,418 | $-21,829 | $-13,916 |
| Net assets or fund balances at beginning of year | $238,500 | $184,565 | $164,433 |
| Other changes in net assets or fund balances | $-1,517 | $1,697 | $10,098 |
| Net assets or fund balances at end of year | $164,433 | $160,615 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $186,095 | $165,156 | $160,997 |
| Total liabilities | $1,530 | $723 | $382 |
| Net assets or fund balances | $184,565 | $164,433 | $160,615 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| 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 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 supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $116,384 |
| Subtotal | $116,384 |
| Gifts, grants, contributions, and membership fees received | $70,439 |
| 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 | $45,945 |
| 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 | $131,618 |
| Public support | $116,384 |
| Subtotal | $9,035 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $9,035 |
| 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 | $6,199 |
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| Other organizations in North Carolina | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | School Of Government Foundation Inc | Cb 3330 Knapp-Sanders Building, Chapel Hill, NC 27599-3330 | NC | 1996-06 | $3,528,060 |
| 2 | Institute Of Internal Auditors | 100 W Chatham St, Cary, NC 27511 | NC | 1992-01 | $105,178 |
| 3 | Institute Of Internal Auditors, Triad Chapter | 4701 Bridle Path Ln, Greensboro, NC 27410 | NC | 1992-01 | $87,925 |
| 4 | Institute Of Marine And Agricultural Research Inc | 6512 Six Forks Rd Ste 404b, Raleigh, NC 27615-6526 | NC | 1994-05 | $110,788 |
| 5 | Institute Of Real Estate Management Of The Natl Assn Of Realtors, 105 Greater Raleigh-Durham | 4824 Wyatt Brook Way, Raleigh, NC 27609-5098 | NC | 1976-08 | $68,651 |
| 6 | Institute Of Real Estate Management Of The Natl Assn Of Realtors, 40 Western North Carolina | 445 Blairmore Dr, Charlotte, NC 28211-4140 | NC | 1976-08 | $169,136 |
| 7 | Institute Of Textile Technology | College Of Textiles Box 8301, Raleigh, NC 27695-8301 | NC | 2004-09 | $660,448 |
| 8 | The Institute For Preventive Foot Health | 2210 Newton Dr, Statesville, NC 28677-4850 | NC | 2004-03 | $104,350 |
| 9 | Insurance Accounting And Systems Association, Grp Rtrn Insurance Acctng Sytm Asso | PO BOX 51340, Durham, NC 27717-1340 | NC | 1968-08 | $202,624 |
| 10 | Insurance Federation Of North Carolina Inc | 3605 Glenwood Avenue, Raleigh, NC 27612-4954 | NC | 2005-09 | $251,953 |
| 11 | Insurance Scholarship Foundation Of America, Naiw Education Foundation | PO BOX 866, Hendersonvlle, NC 28793-0866 | NC | 2005-11 | $46,223 |
| 12 | Integrity Community Development Center Inc | PO BOX 821, Kinston, NC 28502-0821 | NC | 2005-10 | $9,200 |
| 13 | Inter County Volunteer Fire Dept | 116 Syndi St, Hertford, NC 27944-7940 | NC | 2006-07 | $131,723 |
| 14 | Inter Pacific Management Inc Employee Welfare Benefit Plan Tr | 2400 Yorkmont Rd, Charlotte, NC 28217-4511 | NC | 1995-09 | $13,593 |
| 15 | Inter-Church Council Housing Corporation | 412 Fayetteville St, Raleigh, NC 27601-1741 | NC | 1977-03 | $679,165 |
| 16 | Inter-Faith Council For Social Service | 110 W Main St D, Carrboro, NC 27510-2026 | NC | 1970-11 | $5,371,201 |
| 17 | Inter-Faith Food Shuttle | PO BOX 14638, Raleigh, NC 27620-4638 | NC | 1992-04 | $14,542,358 |
| 18 | Interactive Resource Center Inc | 3015 E Bessemer Avenue, Greensboro, NC 27405 | NC | 2009-08 | $555,646 |
| 19 | Intercessions Inc | PO BOX 1275, Kinston, NC 28503-1275 | NC | 2000-04 | $563,113 |
| 20 | Interdenomination Ministerial Alliance Ministries | Po Box 1824, Asheville, NC 28802 | NC | 2008-12 | $0 |
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