Hyundai Of Newport Scholarship Fund in Middletown, Rhode Island (RI)

Advertisements

Table of contents:

Hyundai Of Newport Scholarship Fund
Employer Identification Number (EIN)	020622376
Name of Organization	Hyundai Of Newport Scholarship Fund
In Care of Name	Paul Mika
Address	1133 W Main Rd, Middletown, RI 02842-6337
Subsection	Educational Organization
Ruling Date	12/2002
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	12/2014
Assets	$100,000 to $499,999
Income	$1 to $9,999
Filing Requirement	990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount	$100,838
Amount of Income	$893
Form 990 Revenue Amount	$893
National Taxonomy of Exempt Entities (NTEE)	Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards

Non-representatives - add comments:

Amount of income in 2014: $893 (it was $918 in 2013)

This organization:	$893
Other organizations performing similar types of work:	$41,680

Assets in 2014: $100,838 (it was $103,785 in 2013)

This organization:	$100,838
Other organizations performing similar types of work:	$65,579

Expenses in 2013: $1,970

This organization:	$1,970
Other organizations performing similar types of work:	$24,470

Income to expenses ratio in 2013: 0.5

Hyundai Of Newport Scholarship Fund:	0.5
Other organizations performing similar types of work:	0.5

Grants share in income in 2013: 0.0%

This organization:	0.0%
Other organizations performing similar types of work:	9.0%

Financial snapshot ($)

Support schedule

	2011	2012	2013
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$1,326	$805	$918
Contributions, gifts, grants, and similar amounts received	$0	$0	$0
Program service revenue including government fees and contracts	$0	$0	$0
Membership dues and assessments	$0	$0	$0
Investment income	$0	$0	$0
Gain/Loss from sale of assets other than inventory	$0	$0	$0
Net income/loss from gaming and fundraising events	$0	$0	$0
Gross profit/loss from sales of inventory	$0	$0	$0
Other revenue	$1,326	$805	$918
Total expenses	$80	$4,120	$1,970
Total net assets	$108,152	$104,837	$103,785
Excess/Deficit for the year	$1,246	$-3,315	$-1,052
Net assets or fund balances at beginning of year	$106,906	$108,152	$104,837
Other changes in net assets or fund balances	$0	$0	$0
Net assets or fund balances at end of year	$108,152	$104,837	$103,785

	2011	2012	2013
Other Information
Did the organization engage in any significant activity not previously reported to the IRS?	No	No	No
Were any significant changes made to the organizing or governing documents?	No	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	No
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?	No	No	No
Amount of political expenditures, direct or indirect	$0	$0	$0
Did the organization file Form 1120-POL for this year?	No	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	No
Total amount involved	$0	$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	No
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?	No	No	No

Reason for Public Charity Status (for 2013)
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)
Number of organizations supported	0
Sum of amounts of support	$0

	2009 - 2013 Total
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
Public Support	$11,800
Subtotal Support	$11,800
Gifts, grants, contributions, and membership fees received	$11,800
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
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support	$0
Total Support	$17,937
Public Support	$11,800
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources	$6,137
Net income from unrelated business activities, whether or not the business is regularly carried on	$0
Other income. Do not include gain or loss from the sale of capital assets	$0
Gross receipts from related activities, etc.	$0