Wpma Scholarship Foundation Inc in Taylorsville, Utah (UT)
Table of contents:
| Wpma Scholarship Foundation Inc | |
| Employer Identification Number (EIN) | 311492473 |
| Name of Organization | Wpma Scholarship Foundation Inc |
| Address | 4393 South Riverboat Road, Taylorsville, UT 84123-2503 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 11/1997 |
| 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 | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $291,094 |
| Amount of Income | $105,474 |
| Form 990 Revenue Amount | $67,143 |
| 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 2014: $105,474 (it was $65,417 in 2013)
| Wpma Scholarship Foundation Inc: | $105,474 |
| Other organizations performing similar types of work: | $41,680 |
Assets in 2014: $291,094 (it was $252,602 in 2013)
| This organization: | $291,094 |
| Other organizations performing similar types of work: | $65,579 |
Expenses in 2014: $28,449
| Wpma Scholarship Foundation Inc: | $28,449 |
| Other organizations performing similar types of work: | $24,470 |
Income to expenses ratio in 2014: 3.7
| Wpma Scholarship Foundation Inc: | 3.7 |
| Other organizations performing similar types of work: | 0.5 |
Grants share in income in 2014: 72.2%
| Wpma Scholarship Foundation Inc: | 72.2% |
| Other organizations performing similar types of work: | 9.0% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $61,936 | $68,746 | $65,417 | $67,143 |
| Contributions, gifts, grants, and similar amounts received | $45,389 | $52,114 | $38,172 | $48,455 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $226 | $250 | $205 | $189 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $16,321 | $16,382 | $27,040 | $18,499 |
| Gross income from gaming | $0 | $0 | $0 | $0 |
| Gross income from fundraising events | $48,915 | $56,115 | $57,222 | $56,830 |
| Less: direct expenses from gaming and fundraising events | $32,594 | $39,733 | $30,182 | $38,331 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $33,988 | $37,752 | $42,824 | $28,449 |
| Total net assets | $198,766 | $229,760 | $252,353 | $291,047 |
| Excess/Deficit for the year | $27,948 | $30,994 | $22,593 | $38,694 |
| Net assets or fund balances at beginning of year | $169,818 | $198,766 | $229,760 | $252,353 |
| Other changes in net assets or fund balances | $1,000 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $229,760 | $252,353 | $291,047 | |
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $211,712 | $229,760 | $252,602 | $291,094 |
| Total liabilities | $12,946 | $0 | $249 | $47 |
| Net assets or fund balances | $198,766 | $229,760 | $252,353 | $291,047 |
| 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 that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $255,652 |
| Subtotal Support | $255,652 |
| Gifts, grants, contributions, and membership fees received | $255,652 |
| 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 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $300,480 |
| Public Support | $255,652 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,289 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $43,539 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $189 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Us-Central Asia Education Foundation | 124 U St Nw, Washington, DC 20001-1606 | DC | 2007-10 | $4,838,252 |
| 2 | Subsea Tieback Scholarship Fund | 5418 Woodbury St, Fulshear, TX 77441-4139 | TX | 2007-10 | $101,112 |
| 3 | Tom Mcmahon Construction Scholarship Fund | 4441 S Abilene Cir, Aurora, CO 80015-1047 | CO | 2006-11 | $18,033 |
| 4 | Red Rock Canyon School Non-Profit Organization | 747 E St George Blvd, Saint George, UT 84770-3035 | UT | 2006-06 | $7,449,323 |
| 5 | The Mccarthey Dressman Education Foundation, Mccarthey Sarah Ttee | 610 E South Temple Ste 110, Salt Lake Cty, UT 84102-1208 | UT | 2000-10 | $253,239 |
| 6 | Zambias Scholarship Fund | PO BOX 515, Bringham City, UT 84302 | UT | 2000-03 | $216,593 |
| 7 | Cirque Lodge Foundation | 777 N Palisade Dr, Orem, UT 84097 | UT | 2003-04 | $194,450 |
| 8 | The Good Samaritan Foundation | 6330 S 3000 E Ste 600, Salt Lake Cty, UT 84121-6234 | UT | 2008-10 | $186,598 |
| 9 | Utah Scholarship Foundation, Miss Utah Scholarship Organization | 887 N 100 E, Lehi, UT 84043-1600 | UT | 2009-03 | $182,998 |
| 10 | Te Foundation | 175 S West Temple Ste 650, Salt Lake Cty, UT 84101-1422 | UT | 2007-01 | $178,641 |
| 11 | Utah Hispanic Business Leadership Foundation | 1635 S Redwood Rd, Salt Lake Cty, UT 84104-5108 | UT | 2003-05 | $157,518 |
| 12 | Wpma Scholarship Foundation Inc | 4393 South Riverboat Road, Taylorsville, UT 84123-2503 | UT | 1997-11 | $105,474 |
| 13 | National Marketing & Learning Charitable Foundation, Phillip Smith Ttee | 3049 Exrec Pkwy, Lehi, UT 84043-4698 | UT | 2009-05 | $82,775 |
| 14 | The Chier Foundation | PO BOX 681626, Park City, UT 84060 | UT | 2006-03 | $74,050 |
| 15 | South High Alumni Association | 1575 So State Street Suite N186a, Salt Lake City, UT 84115-1610 | UT | 1997-05 | $65,203 |
| 16 | Pastor France A Davis Scholarship Fund | 1090 S State St, Salt Lake Cty, UT 84111-4521 | UT | 2013-09 | $56,748 |
| 17 | I Life Foundation | 11672 Sunset Hills Dr, Highland, UT 84003-3757 | UT | 2011-10 | $56,505 |
| 18 | Utah Aerospace Education Foundation Inc | PO BOX 502, Clearfield, UT 84089-0502 | UT | 2002-08 | $43,480 |
| 19 | Whiz Kids Foundation | 1699 N 1820 W, Provo, UT 84604-7201 | UT | 2004-03 | $35,522 |
| 20 | Sergeant Bryan P Abercrombie Foundation | 2007 N 3000 W, Clinton, UT 84015-7663 | UT | 2004-10 | $32,217 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 23,481 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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