Virginia Future Business Leaders Of America Phi Beta Lambda Foundation in Bridgewater, Virginia (VA)
Table of contents:
| Virginia Future Business Leaders Of America Phi Beta Lambda Foundation | |
| Employer Identification Number (EIN) | 541653085 |
| Name of Organization | Virginia Future Business Leaders Of America Phi Beta Lambda Foundation |
| In Care of Name | Sandy Mills |
| Address | 123 Wayside Dr, Bridgewater, VA 22812-1754 |
| Subsection | Charitable Organization |
| Ruling Date | 03/1998 |
| 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 | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $315,716 |
| Amount of Income | $58,870 |
| Form 990 Revenue Amount | $49,274 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: |
Non-representatives - add comments:
Amount of income in 2014: $58,870 (it was $33,094 in 2013)
| This organization: | $58,870 |
| Other organizations performing similar types of work: | $3,167,887 |
Assets in 2014: $315,716 (it was $283,969 in 2013)
| Virginia Future Business Leaders Of America Phi Beta Lambda Foundation: | $315,716 |
| Other organizations performing similar types of work: | $2,377,703 |
Expenses in 2014: $17,527
| Virginia Future Business Leaders Of America Phi Beta Lambda Foundation: | $17,527 |
| Other organizations performing similar types of work: | $1,491,944 |
Income to expenses ratio in 2014: 3.4
| This organization: | 3.4 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2014: 63.9%
| This organization: | 63.9% |
| Other organizations performing similar types of work: | 7.9% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $33,973 | $33,094 | $49,274 |
| Contributions, gifts, grants, and similar amounts received | $34,820 | $23,635 | $31,507 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $248 | $667 | $724 |
| Investment income | $3,817 | $4,698 | $5,004 |
| Gain/Loss from sale of assets other than inventory | $-4,912 | $1,435 | $11,539 |
| Gross amount from sale of assets other than inventory | $19,042 | $1,435 | $21,135 |
| Less: cost or other basis and sales expenses | $23,954 | $0 | $9,596 |
| Net income/loss from gaming and fundraising events | $0 | $2,659 | $500 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $0 | $5,112 | $500 |
| Less: direct expenses from gaming and fundraising events | $0 | $2,453 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $18,747 | $16,368 | $17,527 |
| Total net assets | $267,243 | $283,969 | $315,716 |
| Excess/Deficit for the year | $15,226 | $16,726 | $31,747 |
| Net assets or fund balances at beginning of year | $252,017 | $267,243 | $283,969 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $283,969 | $315,716 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $267,243 | $283,969 | $315,716 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $267,243 | $283,969 | $315,716 |
| 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 | $146,448 |
| Subtotal | $146,448 |
| Gifts, grants, contributions, and membership fees received | $137,845 |
| 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 | $8,603 |
| 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 | $168,400 |
| Public support | $146,448 |
| Subtotal | $21,952 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $21,952 |
| 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 | City College Inc | 2000 W Commercial Blvd Ste 200, Ft Lauderdale, FL 33309-3001 | FL | 1992-11 | $42,265,714 |
| 2 | Walsh College Of Accountancy And Business Administration | PO BOX 7006, Troy, MI 48007-7006 | MI | 1949-11 | $37,319,108 |
| 3 | Massachusetts Museum Of Contemporary Art Foundation Inc | 1040 Mass Moca Way, North Adams, MA 01247-2450 | MA | 1993-06 | $9,169,801 |
| 4 | Hult International Business School Inc | 1 Education St, Cambridge, MA 02141-1805 | MA | 1997-06 | $34,738,579 |
| 5 | University Of Virginia Mcintire School Of Commerce Foundation | 125 Ruppel Dr Business Off Rm 301, Charlottesville, VA 22904 | VA | 1980-09 | $9,006,148 |
| 6 | University Of Houston College Of Business Foundation | 334 Melcher Hall, Houston, TX 77204-6021 | TX | 1974-02 | $7,557,757 |
| 7 | Tsbs Inc, Graduate School Of Banking At Lsu | 4273 Highland Rd, Baton Rouge, LA 70808-4541 | LA | 1981-11 | $5,645,467 |
| 8 | Texas Society Of Certified Public Accountants Cpe Foundation Inc | 14651 Dallas Parkway, Dallas, TX 75254-7408 | TX | 1977-09 | $3,167,887 |
| 9 | Tri-State Center For Financial Training | 158 Macready Ave, Monroe, OH 45050-1319 | OH | 1960-03 | $539,218 |
| 10 | World Business Academy | 308 E Carrillo Street, Santa Barbara, CA 93101 | CA | 1988-03 | $176,437 |
| 11 | Vscpa Educational Foundation | 100 State St Ste 500, Montpelier, VT 05602-2881 | VT | 1991-01 | $156,908 |
| 12 | Virginia Future Business Leaders Of America Phi Beta Lambda Foundation | 123 Wayside Dr, Bridgewater, VA 22812-1754 | VA | 1998-03 | $58,870 |
| 13 | American Institute Of Banking | 801 Walnut St Ste 400, Kansas City, MO 64106-1823 | MO | $0 | |
| 14 | Ens Cachan Foundation For Global Management Studies Inc | 116 E 63rd St, New York, NY 10021-7325 | NY | 1998-06 | $0 |
| 15 | Jacksonville Chamber Foundation Inc | 111 Center St Ste 1250, Little Rock, AR 72201-4406 | AR | 1997-05 | $0 |
| 16 | Nebraska Academy For Administrative Leadership | 455 S 11th St Ste A, Lincoln, NE 68508-2135 | NE | 1987-02 | $0 |
| 17 | Quality Forum Inc | 8811 Alden Dr Ste 7, Los Angeles, CA 90048-3045 | CA | 1996-06 | $0 |
| 18 | San Francisco Fashion Lab | 1578 Waller St, San Francisco, CA 94117-2841 | CA | 1998-03 | $0 |
| 19 | Taguchi Academy Inc | 17333 Federal Dr Ste 220, Allen Park, MI 48101-3649 | MI | 1996-02 | $0 |
| 20 | Texas Regional Solutions Inc | 701 Brazos Suite 780, Austin, TX 78701 | TX | 1996-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||
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| Total | 35 | ||||||||||||||||||||||||||||||||||||
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