W Vernie Reed Memorial Fund in Lynnwood, Washington (WA)
Table of contents:
| W Vernie Reed Memorial Fund | |
| Employer Identification Number (EIN) | 911094688 |
| Name of Organization | W Vernie Reed Memorial Fund |
| In Care of Name | Lockitch Clemente & Rice Ps |
| Address | 3909 164th St Sw, Lynnwood, WA 98087-6905 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 09/1981 |
| 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 | 10/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $286,712 |
| Amount of Income | $140,422 |
| Form 990 Revenue Amount | $61,938 |
Non-representatives - add comments:
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $3,774 | $13,842 | $26,200 |
| Contributions, gifts, grants, and similar amounts received | $0 | $6,500 | $25,001 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $6,380 | $6,309 | $5,108 |
| Gain/Loss from sale of assets other than inventory | $-2,606 | $1,033 | $-3,909 |
| Gross amount from sale of assets other than inventory | $157,691 | $129,470 | $95,629 |
| Less: cost or other basis and sales expenses | $160,297 | $128,437 | $99,538 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $17,498 | $18,549 | $16,802 |
| Total net assets | $223,548 | $221,122 | $251,687 |
| Excess/Deficit for the year | $-13,724 | $-4,707 | $9,398 |
| Net assets or fund balances at beginning of year | $235,914 | $223,548 | $221,122 |
| Other changes in net assets or fund balances | $1,358 | $2,281 | $21,167 |
| Net assets or fund balances at end of year | $221,122 | $251,687 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $223,548 | $221,122 | $251,687 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $223,548 | $221,122 | $251,687 |
| Other Information | |||
| 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 |
| 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 2013) | |
| 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 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $31,501 |
| Subtotal Support | $31,501 |
| Gifts, grants, contributions, and membership fees received | $31,501 |
| 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 | $80,621 |
| Public Support | $31,501 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $49,120 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| 11 | W Vernie Reed Memorial Fund | 3909 164th St Sw, Lynnwood, WA 98087-6905 | WA | 1981-09 | $140,422 |
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