South Carolina Tax Council Inc in Lancaster, South Carolina (SC)
Table of contents:
| South Carolina Tax Council Inc | |
| Employer Identification Number (EIN) | 581329877 |
| Name of Organization | South Carolina Tax Council Inc |
| Address | PO BOX 887, Lancaster, SC 29721-0887 |
| Activities | Other business or professional group |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 10/1998 |
| 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 | 06/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $83,045 |
| Amount of Income | $60,606 |
| Form 990 Revenue Amount | $60,606 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2014: $60,606 (it was $69,896 in 2013)
| This organization: | $60,606 |
| Other organizations performing similar types of work: | $159,989 |
Assets in 2014: $83,045 (it was $101,010 in 2013)
| This organization: | $83,045 |
| Other organizations performing similar types of work: | $232,109 |
Expenses in 2014: $68,012
| South Carolina Tax Council Inc: | $68,012 |
| Other organizations performing similar types of work: | $84,860 |
Income to expenses ratio in 2014: 0.9
| South Carolina Tax Council Inc: | 0.9 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2014: 2.0%
| This organization: | 2.0% |
| Other organizations performing similar types of work: | 35.4% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $66,910 | $69,896 | $60,606 |
| Contributions, gifts, grants, and similar amounts received | $3,417 | $2,145 | $1,210 |
| Program service revenue including government fees and contracts | $45,035 | $49,887 | $43,091 |
| Membership dues and assessments | $13,730 | $14,785 | $13,270 |
| Investment income | $2,207 | $1,539 | $1,630 |
| 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 | $2,521 | $1,540 | $1,405 |
| Total expenses | $67,163 | $71,559 | $68,012 |
| Total net assets | $68,567 | $71,977 | $73,797 |
| Excess/Deficit for the year | $-253 | $-1,663 | $-7,406 |
| Net assets or fund balances at beginning of year | $69,605 | $68,567 | $71,977 |
| Other changes in net assets or fund balances | $-785 | $5,073 | $9,226 |
| Net assets or fund balances at end of year | $71,977 | $73,797 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $83,441 | $101,010 | $83,045 |
| Total liabilities | $14,874 | $29,033 | $9,248 |
| Net assets or fund balances | $68,567 | $71,977 | $73,797 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | 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 | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | 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 | |
| Total amount involved | $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 | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2014) | |
| 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 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $314,229 |
| Subtotal | $314,229 |
| Gifts, grants, contributions, and membership fees received | $79,007 |
| 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 | $235,222 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| 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 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $324,763 |
| Public support | $314,229 |
| Subtotal | $10,534 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $10,534 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Uvmc Foundation | 3130 N County Road 25a, Troy, OH 45373-1337 | OH | 1998-05 | $3,212,155 |
| 2 | Richard A Odom Family Foundation, Arizona Community Foundation | 2201 E Camelback 405b, Phoenix, AZ 85016-3431 | AZ | 1998-01 | $2,034,934 |
| 3 | Royal E Rostenbach Foundation, Rostenbach Royal & Margaret B Ttees | PO BOX 803878, Chicago, IL 60680-3878 | IL | 1996-12 | $1,819,455 |
| 4 | S O C K Outstanding Students S O S Academy Inc | 6974 Wilson Blvd, Jacksonville, FL 32210-3663 | FL | 1998-10 | $1,279,682 |
| 5 | Reflections Ministries Inc | 3565 Piedmont Rd Ne Bldg 1-130, Atlanta, GA 30305-8204 | GA | 1998-10 | $1,257,394 |
| 6 | Theodore H Cutler Fam Tr, Cutler Theodore H And Joan Ttee | 300 First Avenue Room 300, Needham, MA 02494-2736 | MA | 1995-07 | $1,051,593 |
| 7 | Suzuki Music School Of Westport Inc | 212 Post Rd W, Westport, CT 06880-4604 | CT | 1998-09 | $986,354 |
| 8 | Joan & Verlin Jackson Foundation | 405 W Williams St, Atkinson, IL 61235-9789 | IL | 1998-06 | $945,722 |
| 9 | Samaritan Counseling Services Of The Gulf Coast Inc | 3224 Bee Ridge Rd, Sarasota, FL 34239-7201 | FL | 1997-10 | $805,398 |
| 10 | William And Sedelle Z Belson Tua 356-110640 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1996-10 | $561,354 |
| 11 | Will Smith Foundation | 1880 Century Park E Ste 1600, Los Angeles, CA 90067-1661 | CA | 1997-03 | $560,000 |
| 12 | Sarnoff Levin Family Supporting Foundation | 30 South Wells Street No 4049, Chicago, IL 60606-5054 | IL | 1997-08 | $555,832 |
| 13 | Stager Charitable Tr Fbo Zion | PO BOX 3215, Lancaster, PA 17604-3215 | PA | 1997-12 | $482,573 |
| 14 | Bain Foundation | 424 E Kennedy St, Spartanburg, SC 29302-1916 | SC | 1997-12 | $416,161 |
| 15 | Rushing Family Foundation Inc | 2737 82nd St, Lubbock, TX 79423-1429 | TX | 1995-08 | $413,740 |
| 16 | Smith County Community Child Care Center Inc | 245 Jmz Dr, Gordonsville, TN 38563-2108 | TN | 1997-08 | $393,645 |
| 17 | Staunton River High School Football Booster Club | 1095 Golden Eagle Dr, Moneta, VA 24121-5964 | VA | 1997-08 | $360,272 |
| 18 | Chrissie Shull Elmore Safety Harbor Library Fund, Ronald Thomas K Ttee | 46 Laurelcrest Ln, Travelers Rst, SC 29690-8188 | SC | 1997-03 | $93,183 |
| 19 | South Carolina Tax Council Inc | PO BOX 887, Lancaster, SC 29721-0887 | SC | 1998-10 | $60,606 |
| 20 | Allen University Foundation | 1530 Harden St, Columbia, SC 29204-1057 | SC | 1997-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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