Busi Scholarship Fund in Concord, New Hampshire (NH)

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Busi Scholarship Fund
Employer Identification Number (EIN)026074479
Name of OrganizationBusi Scholarship Fund
In Care of NameTd Bank Na Ttee Fiduciary Tx Dept
AddressPO BOX 477, Concord, NH 03302-0477
SubsectionCharitable Organization
Ruling Date05/2001
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period12/2014
Assets$500,000 to $999,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$740,480
Amount of Income$227,324
Form 990 Revenue Amount$42,695
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: $227,324 (it was $137,689 in 2012)
This organization: 

 $227,324
Other organizations performing similar types of work: 

 $41,680

Assets in 2014: $740,480 (it was $738,195 in 2012)
This organization: 

 $740,480
Other organizations performing similar types of work: 

 $65,579

Expenses in 2012: $36,385
This organization: 

 $36,385
Other organizations performing similar types of work: 

 $24,470

Income to expenses ratio in 2012: 6.2
This organization: 

 6.2
Other organizations performing similar types of work: 

 0.5

Grants share in income in 2012: 0.0%
Busi Scholarship Fund: 

 0.0%
Other organizations performing similar types of work: 

 9.0%

Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Assets for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$25,596$25,132$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$22,551
Gross rents$0
Gross profit from sales of goods$0
Other income$464
Other$2,581
Total expenses and disbursements$36,385$12,385$0$24,000
Compensation of officers, directors, trustees, etc.$10,504
Total operating and administrative expenses$12,385$12,385$0
Contributions, gifts, grants paid$24,000
Excess of revenue over expenses and disbursements$-10,789
Net investment income$12,747
Adjusted net income$0
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$738,195$799,846
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$0
Investments-corporate stock$344,017
Investments-corporate bonds$379,720
Investments-mortgage loans$0
Investments-other$0
Other$14,458
Total liabilities$1
Mortgages and other notes payable$0
Other$1
Total liabilities and net assets/fund balances$738,195
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$2,581
Net capital loss$0
Excise Tax Based on Investment Income (for 2012)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$255
Total credits and payments$304
2012 estimated tax payments and 2011 overpayment credited to 2012$304
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$0
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Tax due$0
Overpayment$49
Amount to be credited to 2013 estimated tax$49
Statements Regarding Activities (for 2012)
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 2012 or the taxable year beginning in 2012?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2012)
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 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012?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 2012)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$796,406
Net value of noncharitable-use assets$784,460
Minimum investment return$39,223
Distributable Amount (for 2012)
Distributable amount$39,968
Undistributed Income (for 2012)
Distributable amount for 2012$39,968
Undistributed income for 2012. This amount must be distributed in 2013$39,085
Private Operating Foundations (for 2012)
2012201120102009Total
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
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
4Gibson-Woodbury Charitable FoundationPO BOX 406, North Conway, NH 03860-0406NH2010-10$2,688,112
5Miss Derry Scholarship Program IncPO BOX 934, Derry, NH 03038-0934NH2014-11$351,848
6William Shoer & Jennie Smidt Shoer Educational Trust1 Greenleaf Woods Dr Unit 301, Portsmouth, NH 03801-5437NH2007-04$262,437
7Teamsters Jc 10 New England Scholarship FundPO BOX 279, Manchester, NH 03105-0279NH2008-07$173,094
8Souhegan Scholarship Foundation27 Rt 101-A, Amherst, NH 03031NH2004-06$113,309
9Miss New Hampshire Scholarship Program IncPO BOX 5573, Weirs Beach, NH 03247-5573NH2014-09$96,630
10Harambe Endeavor Alliance10 Dattillo Rd, Derry, NH 03038NH2011-02$72,408
11Rotary Club Of North Conway Charities IncPO BOX 2034, North Conway, NH 03860-2034NH2004-02$71,994
12Rock On FoundationPO BOX 297, Manchester, NH 03105-0297NH2013-03$66,481
13Nh Pharmacists Association Foundation Inc10 Benning Street, West Lebanon, NH 03784-3402NH2013-03$61,001
14Nancy Kataja Memorial Scholarship Tr, George O Kataja Ttee94 Plummer Hill Rd, Henniker, NH 03242-3502NH2013-04$52,556
15Farmington Police Association Inc531 Main Street, Farmington, NH 03835NH2010-12$24,750
16Student Grant Program IncC/O Steven Geer Cpa 401 Gilford Ave, Gilford, NH 03249NH2009-03$24,556
17New Hampshire Grange Foundation15 Otter Brook Cir Unit 24, Rochester, NH 03839-4413NH2010-12$23,646
18Randy M Cummings Memorial Scholarship Fund15 Ben Rich Dr, Somersworth, NH 03878-1901NH2012-11$21,634
19Harry D Doerr Tr Fbo Scholarship Fund, Hudson United BankPO BOX 477, Concord, NH 03302-0477NH2010-01$21,481
20Sean J Moran Memorial Scholarship Fund8 Judith Ln, Derry, NH 03038-4930NH2014-06$20,922
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

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