Island School Council in Hilton Head, South Carolina (SC)
Table of contents:
| Island School Council | |
| Employer Identification Number (EIN) | 570726213 |
| Name of Organization | Island School Council |
| Address | PO BOX 23047, Hilton Head, SC 29925-3047 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 04/1982 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $10,000 to $24,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $14,324 |
| Amount of Income | $6,487 |
| Form 990 Revenue Amount | $6,487 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Elementary, Secondary Education, K - 12 |
Non-representatives - add comments:
Amount of income in 2014: $6,487 (it was $25,328 in 2013)
| Island School Council: | $6,487 |
| Other organizations performing similar types of work: | $223,874 |
Assets in 2014: $14,324 (it was $26,045 in 2013)
| Island School Council: | $14,324 |
| Other organizations performing similar types of work: | $550,417 |
Expenses in 2014: $19,208
| Island School Council: | $19,208 |
| Other organizations performing similar types of work: | $154,612 |
Income to expenses ratio in 2014: 0.3
| This organization: | 0.3 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2014: 97.5%
| This organization: | 97.5% |
| Other organizations performing similar types of work: | 41.4% |
Revenue for 2014
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $8,501 | $2,838 | $25,328 | $6,487 |
| Contributions, gifts, grants, and similar amounts received | $1,580 | $790 | $0 | $6,324 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $25 | $0 | $0 | $0 |
| Investment income | $78 | $3 | $25 | $163 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $6,818 | $0 | $25,183 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $2,045 | $120 | $0 |
| Total expenses | $20,351 | $13,798 | $15,657 | $19,208 |
| Total net assets | $24,834 | $13,874 | $23,545 | $10,824 |
| Excess/Deficit for the year | $-11,850 | $-10,960 | $9,671 | $-12,721 |
| Net assets or fund balances at beginning of year | $36,684 | $24,834 | $13,874 | $23,545 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $13,874 | $23,545 | $10,824 | |
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $24,834 | $16,672 | $26,045 | $14,324 |
| Total liabilities | $0 | $2,798 | $2,500 | $3,500 |
| Net assets or fund balances | $24,834 | $13,874 | $23,545 | $10,824 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| 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 | 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 | $0 |
| Gross receipts for public use of club facilities | $0 | $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 2014) | |
| The organization is not a private foundation because it is: | An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
| Number of organizations supported | 1 |
| Sum of amounts of support | $500 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Walla Walla Catholic School Endowment Association | PO BOX 1796, Walla Walla, WA 99362-0353 | WA | 1978-02 | $2,403,698 |
| 2 | Vancouver School Dist No 37 Foundation | PO BOX 6039, Vancouver, WA 98668-6039 | WA | 1976-10 | $1,485,955 |
| 3 | United Catholic Schools Foundation Of Austin Minnesota Inc | 511 4th Ave Nw, Austin, MN 55912-2336 | MN | 1984-01 | $1,327,835 |
| 4 | Tupelo School District Learning | 201 S Green St, Tupelo, MS 38804-4727 | MS | 1992-04 | $716,342 |
| 5 | Wake Education Partnership | 706 Hillsborough Street, Raleigh, NC 27603-1656 | NC | 1983-09 | $713,888 |
| 6 | Wayzata Booster Foundation | 4955 Peony Ln N, Plymouth, MN 55446-1606 | MN | 1993-02 | $460,169 |
| 7 | Wayne All Sports Boosters Inc | PO BOX 24036, Dayton, OH 45424-0036 | OH | 1989-12 | $445,324 |
| 8 | West Plains Education Improvement Association Inc | 613 W 1st St, West Plains, MO 65775-2617 | MO | 1988-02 | $371,375 |
| 9 | Putnam City Public Schools Foundation | 5401 Nw 40th St, Warr Acres, OK 73122-3302 | OK | 1988-02 | $245,095 |
| 10 | Sea-King District Of The Washington Interscholastic Activities Assn | 1012 110th Ave Se, Bellevue, WA 98004-6809 | WA | 1982-10 | $203,266 |
| 11 | Special Intermediate School District 916 Foundation | 2540 County Road F E, White Bear Lk, MN 55110-3935 | MN | 1985-01 | $182,488 |
| 12 | Western Alamance Zone Band Boosters Inc | PO BOX 62, Elon, NC 27244-0062 | NC | 1983-06 | $179,609 |
| 13 | Sherrard Boosters Club | PO BOX 528, Sherrard, IL 61281-0528 | IL | 1983-05 | $175,473 |
| 14 | Stillwater Public Education Foundation | PO BOX 286, Stillwater, OK 74076-0286 | OK | 1986-01 | $134,732 |
| 15 | Society For The Promotion Of Jewish Education Inc | 44 Bennett Ave Apt 1j, New York, NY 10033-2123 | NY | 1999-04 | $89,500 |
| 16 | Chesapeake Leadership Foundation Inc | PO BOX 517, Easton, MD 21601-8908 | MD | 1990-01 | $78,236 |
| 17 | Wilmington Schools Foundation | 341 S Nelson Ave, Wilmington, OH 45177-2034 | OH | 1993-09 | $24,282 |
| 18 | Island School Council | PO BOX 23047, Hilton Head, SC 29925-3047 | SC | 1982-04 | $6,487 |
| 19 | Sterling Education Association Inc | 8 Fitch Farm Ln, Sterling, MA 01564-1532 | MA | 1986-03 | $2 |
| 20 | Austin Public Education Foundation | 1111 West 6th Street, Austin, TX 78703 | TX | 1993-01 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 107 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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