Galveston L U L A C Scholarship And Education Committee Inc in Galveston, Texas (TX)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Other organizations in Texas
| Galveston L U L A C Scholarship And Education Committee Inc | |
| Employer Identification Number (EIN) | 760192406 |
| Name of Organization | Galveston L U L A C Scholarship And Education Committee Inc |
| Address | PO BOX 538, Galveston, TX 77553-0538 |
| Activities | Cultural performances |
| Subsection | Educational Organization |
| Ruling Date | 08/1987 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $25,000 to $99,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $61,168 |
| Amount of Income | $14,001 |
| Form 990 Revenue Amount | $6,163 |
Non-representatives - add comments:
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $14,001 | $1,069 | $1,069 | |
| Contributions, gifts, grants, etc., received | $12,932 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $1,059 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $10 | |||
| Total expenses and disbursements | $6,875 | $825 | $825 | $6,050 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $825 | $825 | $0 | |
| Contributions, gifts, grants paid | $6,050 | |||
| Excess of revenue over expenses and disbursements | $7,126 | |||
| Net investment income | $244 | |||
| Adjusted net income | $244 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $61,168 | $61,168 |
| Cash - non-interest-bearing | $18,572 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $42,596 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $61,168 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $10 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $2 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $2 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $55,842 |
| Net value of noncharitable-use assets | $55,000 |
| Minimum investment return | $2,750 |
| Distributable Amount (for 2012) | |
| Distributable amount | $2,748 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $2,748 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Other organizations in Texas | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Galveston Economic Development Partnership Inc | PO BOX 8029, Galveston, TX 77553-8029 | TX | 2002-05 | $207,733 |
| 2 | Galveston Electrical Joint Apprenticeship & Training Trust Fu | 2509 Fm 2004 Rd, Texas City, TX 77591-8500 | TX | 1968-08 | $231,827 |
| 3 | Galveston Foundation Inc | 2200 Market St Ste 804, Galveston, TX 77550-1576 | TX | 1973-03 | $372,610 |
| 4 | Galveston Government Employees Credit Union | 14041 Delaney St, La Marque, TX 77568-2508 | TX | 1976-06 | $446,056 |
| 5 | Galveston Historical Foundation Inc | 502 20th St, Galveston, TX 77550-2014 | TX | 1957-03 | $6,974,300 |
| 6 | Air Alliance Houston, G H A S P | 3914 Leeland St, Houston, TX 77003-5648 | TX | 1995-08 | $608,216 |
| 7 | Galveston Independent School District Educational Foundation | 3904 Avenue T, Galveston, TX 77550-8643 | TX | 2002-11 | $605,284 |
| 8 | Galveston Island Humane Society Inc | 6814 Broadway St, Galveston, TX 77554-8908 | TX | 1981-06 | $823,871 |
| 9 | Galveston Island Nature Tourism Council | PO BOX 1468, Galveston, TX 77553-1468 | TX | 2004-11 | $171,625 |
| 10 | Galveston Krewe Of Gambrinus Inc | 1432 21st Ave N, Texas City, TX 77590-5231 | TX | $296,513 | |
| 11 | Galveston L U L A C Scholarship And Education Committee Inc | PO BOX 538, Galveston, TX 77553-0538 | TX | 1987-08 | $14,001 |
| 12 | Galveston Lifeguarding Association Inc | 601 Tremont, Galveston, TX 77550-1986 | TX | 2003-09 | $73,296 |
| 13 | Galveston Municipal Police Association | PO BOX 895, Galveston, TX 77553-0895 | TX | 1980-03 | $146,395 |
| 14 | Galveston Redevelopment And Community Enterprises Corporation | 4601 Broadway St, Galveston, TX 77551-4217 | TX | 1992-10 | $374,481 |
| 15 | Galveston Rifle & Pistol Club Incorporated | PO BOX 3001, Galveston, TX 77552-0001 | TX | 1960-08 | $88,595 |
| 16 | Galveston Youth Soccer Club Inc | 25 Adler Circle, Galveston, TX 77551 | TX | 1997-07 | $15,737 |
| 17 | Galveston-Houston Knights Of Columbus Charities Inc | PO BOX 287, Sugar Land, TX 77487-0287 | TX | 2006-06 | $236,099 |
| 18 | Gamaksherta Temple Society Inc | 9101 Norman Dr, Plano, TX 75025-5085 | TX | 2007-06 | $365 |
| 19 | Game Warden Peace Officers Association Inc | 4367 Fm 1047, Hamilton, TX 76531-3490 | TX | 2000-09 | $161,802 |
| 20 | Gamma Alpha House Corporation Of Delta Delta Delta | PO BOX 9146, College Sta, TX 77842-9146 | TX | 1982-06 | $176,414 |
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