Ojays Homecoming & Scholarship Foundation Inc in Cleveland, Ohio (OH)

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Ojays Homecoming & Scholarship Foundation Inc
Employer Identification Number (EIN)352352931
Name of OrganizationOjays Homecoming & Scholarship Foundation Inc
In Care of NameAmos Z Mahsua
Address526 Superior Ave E Ste 430, Cleveland, OH 44114-1900
SubsectionCharitable Organization
Ruling Date04/2009
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 Period12/2011
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$40,128
Amount of Income$323,921
Form 990 Revenue Amount$323,921
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 2011: $323,921 (it was $10,808 in 2010)
This organization: 

 $323,921
Other organizations performing similar types of work: 

 $42,700

Assets in 2011: $40,128 (it was $67,984 in 2010)
Ojays Homecoming & Scholarship Foundation Inc: 

 $40,128
Other organizations performing similar types of work: 

 $68,974

Financial snapshot ($)

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$323,921
Contributions, Gifts, Grants and Other Similar Amounts$323,921
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$371,552
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$371,552
Balance Sheet (for 2011)
Total assets$40,128
Total liabilities$19,775
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$19,775
Total net assets or fund balances$20,353
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
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
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$763,076
Gifts, grants, contributions, and membership fees received$162,218
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$600,858
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 and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
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Organizations performing similar types of work
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2Subsea Tieback Scholarship Fund5203 Palmetto St, Bellaire, TX 77401-3333TX2007-10$109,114
3Tom Mcmahon Construction Scholarship Fund6996 S Gibraltar St, Centennial, CO 80016-1714CO2006-11$18,538
4William M And Alyce Cafaro Family Foundation, Cafaro Anthony & Flora Co-Ttees2445 Belmont Aev, Youngstown, OH 44504OH1998-01$9,542,085
5Beta Theta Pi Foundation5134 Bonham Road, Oxford, OH 45056OH2009-06$5,302,764
6Robert Wingett Charitable TrustPO BOX 289, Pomeroy, OH 45769-0289OH2007-10$1,896,422
7Aubrey Rose Foundation, Hollenkamp Nancy A Ttee3862 Race Rd, Cincinnati, OH 45211-4346OH2001-06$1,694,105
8Don W Miller 2011 Scholarship Foundation Irrev Declaration, Don W Miller Ttee2716 Whittaker Dr, Fremont, OH 43420-9487OH2012-11$1,031,138
9Student Lendingworks IncOne West Fourth Street No 285, Cincinnati, OH 45202-3604OH2005-04$700,365
10Uct CharitiesPO BOX 159019, Columbus, OH 43215-8619OH1997-02$579,651
11Sparc Council890 West Fourth Street, Mansfield, OH 44906-2565OH2008-02$536,035
12Knights Foundation Inc275 Sunrise Center Dr, Zanesville, OH 43701-4652OH2012-11$426,050
13Sullivan Scholars Foundation1422 Euclid Ave Ste 1300, Cleveland, OH 44115-2063OH2010-06$365,045
14The Donald Eberly And Thelma Bowman Eberly Scholarship Fund4900 Tiedeman Rd Oh-01-49-0150, Brooklyn, OH 44144-2338OH2008-04$362,730
15Ojays Homecoming & Scholarship Foundation Inc526 Superior Ave E Ste 430, Cleveland, OH 44114-1900OH2009-04$323,921
16Wellsville High School Alumni Association IncPO BOX 629, Wellsville, OH 43968-0629OH1996-05$309,650
17Society Of Explosives Engineers Education Foundation30325 Bainbridge Road, Solon, OH 44139-2295OH1996-02$270,386
18Westerville Sunrise Rotary FoundationPO BOX 1200, Westerville, OH 43086-1200OH1997-04$262,583
19Dance Ready Inc625 Woods Hollow Ln, Powell, OH 43065-7647OH2009-05$251,450
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Number of organizations performing similar types of work
Alaska43
Alabama250
Arkansas194
Arizona319
California2,300
Colorado349
Connecticut321
District of Columbia190
Delaware72
Florida1,105
Georgia574
Hawaii107
Iowa213
Idaho84
Illinois983
Indiana318
Kansas186
Kentucky239
Louisiana208
Massachusetts723
Maryland523
Maine130
Michigan616
Minnesota318
Missouri405
Mississippi131
Montana104
North Carolina548
North Dakota21
Nebraska109
New Hampshire123
New Jersey1,012
New Mexico109
Nevada138
New York1,422
Ohio817
Oklahoma213
Oregon252
Pennsylvania868
Rhode Island122
South Carolina208
South Dakota48
Tennessee287
Texas1,807
Utah187
Virginia572
Vermont84
Washington420
Wisconsin373
West Virginia96
Wyoming40
International28
Total20,909

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