Aloa Scholarship Foundation in Dallas, Texas (TX)

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Aloa Scholarship Foundation
Employer Identification Number (EIN)752478220
Name of OrganizationAloa Scholarship Foundation
In Care of NameCharles W Gibson Jr
Address3500 Easy St, Dallas, TX 75247-6416
ActivitiesScholarships (other)
SubsectionEducational Organization
Ruling Date05/1993
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$314,547
Amount of Income$38,303
Form 990 Revenue Amount$38,303
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 2013: $38,303 (it was $23,352 in 2012)
Aloa Scholarship Foundation: 

 $38,303
Other organizations performing similar types of work: 

 $79,165

Assets in 2013: $314,547 (it was $291,889 in 2012)
This organization: 

 $314,547
Other organizations performing similar types of work: 

 $96,348

Expenses in 2013: $16,845
Aloa Scholarship Foundation: 

 $16,845
Other organizations performing similar types of work: 

 $37,531

Income to expenses ratio in 2013: 2.3
This organization: 

 2.3
Other organizations performing similar types of work: 

 1.7

Grants share in income in 2013: 86.9%
Aloa Scholarship Foundation: 

 86.9%
Other organizations performing similar types of work: 

 80.7%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2010201120122013
Total revenue$24,484$25,499$23,352$38,303
Contributions, gifts, grants, and similar amounts received$17,449$20,415$18,295$33,286
Program service revenue including government fees and contracts$0$0$0$0
Membership dues and assessments$0$0$0$0
Investment income$5,075$5,084$5,057$5,017
Gain/Loss from sale of assets other than inventory$0$0$0$0
Net income/loss from gaming and fundraising events$0$0$0$0
Gross profit/loss from sales of inventory$0$0$0$0
Other revenue$1,960$0$0$0
Total expenses$19,375$18,150$19,309$16,845
Total net assets$280,497$287,846$291,889$313,347
Excess/Deficit for the year$5,109$7,349$4,043$21,458
Net assets or fund balances at beginning of year$275,388$280,497$287,846$291,889
Other changes in net assets or fund balances$0$0$0$0
Net assets or fund balances at end of year$291,889$313,347
Balance Sheets
2010201120122013
Total assets$272,003$287,846$291,889$314,547
Total liabilities$-8,494$0$0$1,200
Net assets or fund balances$280,497$287,846$291,889$313,347
Other Information
2010201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
Total amount involved$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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
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 supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$114,428
Subtotal$114,428
Gifts, grants, contributions, and membership fees received$114,428
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$0
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$135,702
Public support$114,428
Subtotal$21,274
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$21,274
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

1 User Review:

myron keith brown

Added on Jul 15, 2015 3:10 PM
Visited on Jul 15, 2015 3:06 PM
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Fundraising:
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Expenses:
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Transparency:
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Would you recommend Aloa Scholarship Foundation to others? Yes
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Project Opportunity FoundationPO BOX 1089, Weatherford, TX 76086-1089TX1992-01$1,529,042
2United Hispanic Council Of Tarrant CountyPO BOX 6241, Fort Worth, TX 76115-0241TX1995-09$832,454
3Lake Highlands Womens League 060194PO BOX 38011, Dallas, TX 75238-0011TX1995-09$359,044
4Kent County Educational FoundationPO BOX 168, Jayton, TX 79528-0168TX1997-04$161,842
5100 Black Men Of Savannah IncPO BOX 14606, Savannah, GA 31416-1606GA1998-12$95,994
6Mount Vernon Rotary Educational Scholarship TrustPO BOX 930, Mount Vernon, TX 75457-0930TX1995-07$79,165
7American International Health Council414 S Craig St 269, Pittsburgh, PA 15213-3709PA1998-09$73,749
8Stewart Scholarship Foundation1980 Post Oak Blvd Ste 800, Houston, TX 77056-3826TX1995-07$40,000
9Aloa Scholarship Foundation3500 Easy St, Dallas, TX 75247-6416TX1993-05$38,303
10Sisters Four Charity Inc2449 Innisbrook Dr, Abilene, TX 79606-4367TX1995-10$5,645
11William A Mitchell Metropolitan P G A Charitable Foundation Inc7 Times Sq, New York, NY 10036-6524NY1998-06$2,591
12A H Parker High School United Alumni Association Inc2621 4th Place Ne, Center Point, AL 35215AL1998-08$0
13Donald L Wyant Memorial Fund Inc2613 Northcrest Dr, Plano, TX 75075TX1996-05$0
14Erick High School Memorial Scholarship TrustPo Box 1228, Erick, OK 73645OK1996-08$0
15Lincoln Elks Lodge No 80 Charitable Fund Inc5910 S 58th St Ste A, Lincoln, NE 68516NE1994-07$0
16Miami Memories Scholarship Fund Inc5082 South Fern Court, Chandler, AZ 85248AZ1995-10$0
17Motorcyclist Memorial FoundationPo Box 2573, Wintersville, OH 43953OH1998-06$0
18Roots Activity Learning Center, Roots Pac6222 N Capitol St Nw, Washington, DC 20011-1408DC1995-05$0
19Solomon High School Scholarship Foundation IncC/O Douglas A Edwards, Salina, KS 67402-1516KS1995-07$0
20Wharton Police Association IncPo Box 986, Wharton, TX 77488TX1995-10$0
Number of organizations performing similar types of work
Alabama1
Arizona1
District of Columbia1
Georgia1
Kansas1
Nebraska1
New Mexico1
New York1
Ohio1
Oklahoma1
Pennsylvania1
Texas10
Total21

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