Aloa Scholarship Foundation in Dallas, Texas (TX)
Table of contents:
| Aloa Scholarship Foundation | |
| Employer Identification Number (EIN) | 752478220 |
| Name of Organization | Aloa Scholarship Foundation |
| In Care of Name | Charles W Gibson Jr |
| Address | 3500 Easy St, Dallas, TX 75247-6416 |
| Activities | Scholarships (other) |
| Subsection | Educational Organization |
| Ruling Date | 05/1993 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - 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 |
Non-representatives - add comments:
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% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| 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 | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| 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 | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| 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 | 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 | $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 | ||
| 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 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 supported | 0 |
| 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
Would you recommend Aloa Scholarship Foundation to others? Yes
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Project Opportunity Foundation | PO BOX 1089, Weatherford, TX 76086-1089 | TX | 1992-01 | $1,529,042 |
| 2 | United Hispanic Council Of Tarrant County | PO BOX 6241, Fort Worth, TX 76115-0241 | TX | 1995-09 | $832,454 |
| 3 | Lake Highlands Womens League 060194 | PO BOX 38011, Dallas, TX 75238-0011 | TX | 1995-09 | $359,044 |
| 4 | Kent County Educational Foundation | PO BOX 168, Jayton, TX 79528-0168 | TX | 1997-04 | $161,842 |
| 5 | 100 Black Men Of Savannah Inc | PO BOX 14606, Savannah, GA 31416-1606 | GA | 1998-12 | $95,994 |
| 6 | Mount Vernon Rotary Educational Scholarship Trust | PO BOX 930, Mount Vernon, TX 75457-0930 | TX | 1995-07 | $79,165 |
| 7 | American International Health Council | 414 S Craig St 269, Pittsburgh, PA 15213-3709 | PA | 1998-09 | $73,749 |
| 8 | Stewart Scholarship Foundation | 1980 Post Oak Blvd Ste 800, Houston, TX 77056-3826 | TX | 1995-07 | $40,000 |
| 9 | Aloa Scholarship Foundation | 3500 Easy St, Dallas, TX 75247-6416 | TX | 1993-05 | $38,303 |
| 10 | Sisters Four Charity Inc | 2449 Innisbrook Dr, Abilene, TX 79606-4367 | TX | 1995-10 | $5,645 |
| 11 | William A Mitchell Metropolitan P G A Charitable Foundation Inc | 7 Times Sq, New York, NY 10036-6524 | NY | 1998-06 | $2,591 |
| 12 | A H Parker High School United Alumni Association Inc | 2621 4th Place Ne, Center Point, AL 35215 | AL | 1998-08 | $0 |
| 13 | Donald L Wyant Memorial Fund Inc | 2613 Northcrest Dr, Plano, TX 75075 | TX | 1996-05 | $0 |
| 14 | Erick High School Memorial Scholarship Trust | Po Box 1228, Erick, OK 73645 | OK | 1996-08 | $0 |
| 15 | Lincoln Elks Lodge No 80 Charitable Fund Inc | 5910 S 58th St Ste A, Lincoln, NE 68516 | NE | 1994-07 | $0 |
| 16 | Miami Memories Scholarship Fund Inc | 5082 South Fern Court, Chandler, AZ 85248 | AZ | 1995-10 | $0 |
| 17 | Motorcyclist Memorial Foundation | Po Box 2573, Wintersville, OH 43953 | OH | 1998-06 | $0 |
| 18 | Roots Activity Learning Center, Roots Pac | 6222 N Capitol St Nw, Washington, DC 20011-1408 | DC | 1995-05 | $0 |
| 19 | Solomon High School Scholarship Foundation Inc | C/O Douglas A Edwards, Salina, KS 67402-1516 | KS | 1995-07 | $0 |
| 20 | Wharton Police Association Inc | Po Box 986, Wharton, TX 77488 | TX | 1995-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||
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| Total | 21 | ||||||||||||||||||||||||
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