Fundacion Dr Carlos Lopez Somolinos Inc in Dorado, (international)

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Fundacion Dr Carlos Lopez Somolinos Inc
Employer Identification Number (EIN)660727301
Name of OrganizationFundacion Dr Carlos Lopez Somolinos Inc
AddressPmb 330-425 Carr 693, Dorado
SubsectionCharitable Organization
Ruling Date08/2013
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$126,120
Amount of Income$84,094
Form 990 Revenue Amount$84,094
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards


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Amount of income in 2013: $84,094
This organization: 

 $84,094
Other organizations performing similar types of work: 

 $41,680

Assets in 2013: $126,120
Fundacion Dr Carlos Lopez Somolinos Inc: 

 $126,120
Other organizations performing similar types of work: 

 $65,579

Expenses in 2013: $85,951
This organization: 

 $85,951
Other organizations performing similar types of work: 

 $24,470

Income to expenses ratio in 2013: 1.0
This organization: 

 1.0
Other organizations performing similar types of work: 

 0.5

Grants share in income in 2013: 96.5%
Fundacion Dr Carlos Lopez Somolinos Inc: 

 96.5%
Other organizations performing similar types of work: 

 9.0%

Financial snapshot for 2013 ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2013
Total revenue$84,094
Contributions, gifts, grants, and similar amounts received$81,120
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$2,974
Gain/Loss from sale of assets other than inventory$0
Net income/loss from gaming and fundraising events$0
Gross profit/loss from sales of inventory$0
Other revenue$0
Total expenses$85,951
Total net assets$124,965
Excess/Deficit for the year$-1,857
Net assets or fund balances at beginning of year$126,822
Other changes in net assets or fund balances$0
Net assets or fund balances at end of year$124,965
Balance Sheets
2013
Total assets$126,120
Total liabilities$1,155
Net assets or fund balances$124,965
Other Information
2013
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 activitiesNo
Has the organization filed a Form 990-T for the year?No
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
Gross receipts for public use of club facilities$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?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 supported0
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$81,120
Subtotal Support$81,120
Gifts, grants, contributions, and membership fees received$81,120
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$84,094
Public Support$81,120
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$2,974
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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Organizations performing similar types of work
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1Us-Central Asia Education Foundation124 U St Nw, Washington, DC 20001-1606DC2007-10$4,838,252
2Subsea Tieback Scholarship Fund5418 Woodbury St, Fulshear, TX 77441-4139TX2007-10$101,112
3Tom Mcmahon Construction Scholarship Fund4441 S Abilene Cir, Aurora, CO 80015-1047CO2006-11$18,033
4Community Foundation Of Prince Edward Island119-121 Queen Street Suite 105, Charlottetowninternational2002-06$1,183,880
5Building Baja S Future, Bbf23453 Cabo San Lucas Los Cabos Bcs, Mexicointernational2013-05$234,803
6Rotary Sunrise Charitable Fund IncPo Box 302757, St. Thomasinternational2010-08$137,557
7Ruby Rutnik Schloarship Fund IncPO BOX 348, St Johninternational1997-07$116,628
8Fundacion Dr Carlos Lopez Somolinos IncPmb 330-425 Carr 693, Doradointernational2013-08$84,094
9Jose Jaime Pierluisi Foundation Inc1353 Rd 19 Pmb 301, Guaynabointernational2003-03$68,659
10Organizacion De Ex Alumnos Aps IncPO BOX 13862, San Juaninternational2014-02$65,911
11Miss Virgin Islands Scholarship Organization IncPO BOX 302120, St Thomasinternational2004-02$43,296
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13World Nuclear UniversityLondon Sw1y 4jh, United Kingdominternational2004-11$21,933
14Gnvi Charitable FundPO BOX 3399, Kingshillinternational2010-11$626
15The Jack Chapman And Josephine Tatum Foundation, Derr James TteePO BOX 664, St Thomasinternational2006-07$3
16Bhutan Scholarship FoundationCentral Hong Kong, Chinainternational1999-06$0
17Dunamis Residential Recreational & Educational ServicesPO BOX 10435, St Thomasinternational1997-04$0
18Eduk Educational Foundation IncGuaynabo 00966, Puerto Ricointernational2014-09$0
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Number of organizations performing similar types of work
Alaska48
Alabama286
Arkansas212
Arizona375
California2,590
Colorado397
Connecticut360
District of Columbia210
Delaware90
Florida1,248
Georgia644
Hawaii125
Iowa241
Idaho90
Illinois1,083
Indiana348
Kansas216
Kentucky271
Louisiana247
Massachusetts819
Maryland580
Maine135
Michigan690
Minnesota353
Missouri459
Mississippi159
Montana122
North Carolina631
North Dakota29
Nebraska124
New Hampshire145
New Jersey1,137
New Mexico122
Nevada157
New York1,581
Ohio902
Oklahoma233
Oregon274
Pennsylvania951
Rhode Island132
South Carolina243
South Dakota54
Tennessee325
Texas2,055
Utah196
Virginia649
Vermont87
Washington473
Wisconsin403
West Virginia110
Wyoming43
International27
Total23,481

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