Wolves Scholarship Foundation in Ellwood City, Pennsylvania (PA)

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Wolves Scholarship Foundation
Employer Identification Number (EIN)300429373
Name of OrganizationWolves Scholarship Foundation
In Care of NameTony J Celli
AddressC/O Tony Celli 804 California Ave, Ellwood City, PA 16117
SubsectionEducational Organization
Ruling Date03/2008
DeductibilityContributions are deductible
FoundationPrivate operating foundation (other)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period03/2014
Assets$1 to $9,999
Income$1 to $9,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$7,902
Amount of Income$4,680
Form 990 Revenue Amount$5,255
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: $4,680 (it was $7,430 in 2013)
This organization: 

 $4,680
Other organizations performing similar types of work: 

 $299,534

Assets in 2014: $7,902 (it was $3,222 in 2013)
Wolves Scholarship Foundation: 

 $7,902
Other organizations performing similar types of work: 

 $1,135,383

Expenses in 2014: $0
This organization: 

 $0
Other organizations performing similar types of work: 

 $135,405

Grants share in income in 2014: 100.0%
Wolves Scholarship Foundation: 

 100.0%
Other organizations performing similar types of work: 

 74.1%

Financial snapshot ($)

Analysis of Revenue and Expenses (for 2014)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$4,680$0$0
Contributions, gifts, grants, etc., received$4,680
Interest on savings and temporary cash investments$0
Dividends and interest from securities$0
Gross rents$0
Gross sales price for all assets$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$0$0$0$0
Excess of revenue over expenses and disbursements$4,680
Net investment income$0
Adjusted net income$0
Balance Sheets
201220132014
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$3,542$0$3,222$0$7,902$0
Cash - non-interest-bearing$3,542$3,222$7,902
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$0$0$0
Investments-corporate bonds$0$0$0
Investments-mortgage loans$0$0$0
Investments-other$0$0$0
Other assets$0$0
Total liabilities$1$1$1
Mortgages and other notes payable$0$0$0
Other liabilities$0$0
Total liabilities and net assets/fund balances$3,542$3,222$7,902
Capital Gains and Losses for Tax on Investment Income
201220132014
Capital gain net income$0$0$0
Net capital loss$0$0$0
Excise Tax Based on Investment Income
201220132014
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$0$0$0
Total credits and payments$0$0$0
Any penalty for underpayment of estimated tax$0$0$0
Tax due$0$0
Overpayment$0$0
Amount to be credited to next year's estimated tax$0$0$0
Statements Regarding Activities
201220132014
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?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?NoNo
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?NoNoNo
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201220132014
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNoNo
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
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)?NoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
201220132014
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$0$0$0
Net value of noncharitable-use assets$0$0
Minimum investment return$0$0$0
Distributable Amount
201220132014
Distributable amount$0$0$0
Undistributed Income
201220132014
Distributable amount for this year$0$0$0
Undistributed income for this year. This amount must be distributed in the next year$0$0$0
Private Operating Foundations (for 2011 - 2014)
2014201320122011Total
The lesser of the adjusted net income or the minimum investment return$1$0$0$0$1
Qualifying distributions made directly for active conduct of exempt activities$0$7,750$7,750$3,700$19,200
Value of all assets$1$0$0$0$1
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
Supplementary Information (for 2014)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2014)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$0
Dividends and interest from securities$0$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2014)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Wolcott Foundation Inc210 S Broad St, Lansdale, PA 19446-3817PA1962-03$9,398,418
2Westmoreland County Community College Educational Foundation Inc145 Pavilion Ln, Youngwood, PA 15697-1814PA1986-07$3,562,750
3W W Wannamaker Citadel Star Of The West MaPO BOX 2904, Wilson, NC 27894-2904NC1953-02$2,852,405
4Renaissance Fund408 Old Main, University Pk, PA 16802-1505PA1970-12$1,000,075
5Pennsylvania Institute Of Cpas Trustees Of Scholarship Fund1801 Market St Ste 2400, Philadelphia, PA 19103-1609PA1945-04$370,980
6North Penn School District Educational FoundationPO BOX 1084, Lansdale, PA 19446-0690PA1989-01$89,743
7Philadelphia City All Star Football Game742 Surrey Rd, Aldan, PA 19018-4325PA1976-08$47,311
8Scholarship Soley29 Garrett Ave, Rosemont, PA 19010-1452PA1997-10$11,236
9Knoll Charitable FoundationPO BOX 157, E Greenville, PA 18041-0157PA1999-03$793,519
10Pennsbury Scholarship Foundation33 Barnsbury Rd, Langhorne, PA 19047-8104PA1959-01$771,509
11Police Athletic League Of Philadelphia Scholarship Foundatio2524 E Clearfield St, Philadelphia, PA 19134-5098PA1989-09$568,497
12Top Ladies Of Distinction Inc, Parent2914 Southmore Blvd, Houston, TX 77004-7710TX1974-11$557,438
13Veterinary Scholarship Trust Of New EnglandPO BOX 3221, N Attleboro, MA 02761-3221MA1961-10$336,835
14South Dakota Farmers Union Foundation1410 Dakota Ave S, Huron, SD 57350-3661SD2001-10$291,539
15Phoenix Preparatory High Schools Inc, Chabad Tuition Organization2110 E Lincoln Drive, Phoenix, AZ 85016AZ1999-06$250,496
16Spanish American InstitutePO BOX 92943, Long Beach, CA 90809-2943CA1926-09$207,483
17The Schroeder Scholarship Fund, Schroeder Scholarship Fund131 Overlook Dr, Pittsburgh, PA 15216-1434PA1989-02$86,772
18Wolves Scholarship FoundationC/O Tony Celli 804 California Ave, Ellwood City, PA 16117PA2008-03$4,680
19Friends Of Capa1218 Goodman Street, Pittsburgh, PA 15218PA2011-11$0
20Jashen Schaeffer Memorial Scholarship Inc1779 West Penn Pike, New Ringgold, PA 17960PA2006-02$0
Number of organizations performing similar types of work
Alaska3
Alabama12
Arkansas12
Arizona19
California92
Colorado3
Connecticut3
District of Columbia7
Delaware2
Florida9
Georgia9
Hawaii3
Iowa8
Idaho1
Illinois28
Indiana7
Kentucky4
Louisiana4
Massachusetts15
Maryland8
Michigan3
Minnesota27
Missouri8
Mississippi3
Montana1
North Carolina16
North Dakota2
Nebraska2
New Hampshire2
New Jersey12
New Mexico1
Nevada1
New York16
Ohio17
Oklahoma3
Oregon1
Pennsylvania16
Rhode Island1
South Carolina5
South Dakota2
Tennessee5
Texas37
Utah1
Virginia14
Vermont1
Washington5
Wisconsin12
Wyoming3
International3
Total469

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