Joseph H Hodges Scholarship Fund in Wilson, North Carolina (NC)

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Joseph H Hodges Scholarship Fund
Employer Identification Number (EIN)556093102
Name of OrganizationJoseph H Hodges Scholarship Fund
In Care of NameBb&t
AddressPO BOX 2907, Wilson, NC 27894-2907
ActivitiesScholarships (other)
SubsectionCharitable Organization
Ruling Date08/1984
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period12/2014
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$243,851
Amount of Income$41,555
Form 990 Revenue Amount$18,485


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Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$10,397$12,282
Contributions, gifts, grants, and similar amounts received$0$0
Program service revenue including government fees and contracts$0$0
Membership dues and assessments$0$0
Investment income$6,362$6,749
Gain/Loss from sale of assets other than inventory$4,035$5,533
Gross amount from sale of assets other than inventory$9,597$81,598
Less: cost or other basis and sales expenses$5,562$76,065
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0
Other revenue$0$0
Total expenses$7,543$8,220
Total net assets$207,422$233,986
Excess/Deficit for the year$2,854$4,062
Net assets or fund balances at beginning of year$204,890$229,943
Other changes in net assets or fund balances$-322$-19
Net assets or fund balances at end of year$233,986
Balance Sheets
201120122013
Total assets$207,422$229,943$233,986
Total liabilities$0$0$0
Net assets or fund balances$207,422$233,986
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?No
Were any significant changes made to the organizing or governing documents?No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?No
Amount of political expenditures, direct or indirect$0
Did the organization file Form 1120-POL for this year?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
Total amount involved$0
Initiation fees and capital contributions$0$0
Gross receipts for public use of club facilities$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
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Number of organizations supported1
Sum of amounts of support$6,400
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20Kate Felton Elkins Trust 305-62711 W 4th St 4th Fl, Winston Salem, NC 27101-3818NC1972-04$132,029

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