Raymond F May M D Memorial Scholarship Fund Inc in Alden, New York (NY)

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Raymond F May M D Memorial Scholarship Fund Inc
Employer Identification Number (EIN)222806071
Name of OrganizationRaymond F May M D Memorial Scholarship Fund Inc
Address1561 Emerson St, Alden, NY 14004-1016
ActivitiesScholarships (other)
SubsectionCharitable Organization
Ruling Date06/1987
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period12/2010
Assets$25,000 to $99,999
Income$1 to $9,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$80,151
Amount of Income$8,023
Form 990 Revenue Amount$8,023

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Financial snapshot ($)

Revenue for 2011

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$2,826
Contributions, gifts, grants, and similar amounts received$1,447
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$1,379
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$5,060
Total net assets$77,918
Deficit for the year$-2,234
Net assets or fund balances at beginning of year$80,152
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$77,918
Total liabilities$0
Net assets or fund balances$77,918
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
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)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$16,674
Gifts, grants, contributions, and membership fees received$8,552
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$8,122
Gross receipts from related activities, etc.$0
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