Margaret Wolf Scholarship Tr in Charles City, Iowa (IA)

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Margaret Wolf Scholarship Tr
Employer Identification Number (EIN)426565479
Name of OrganizationMargaret Wolf Scholarship Tr
In Care of NameFctc
Address1st Citizens Trust Co 300 N Main, Charles City, IA 50616
SubsectionCharitable Organization
Ruling Date09/2001
DeductibilityContributions are deductible
FoundationPrivate operating foundation (other)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$100,000 to $499,999
Income$1 to $9,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$105,089
Amount of Income$3,667
Form 990 Revenue Amount$3,511
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 2012: $3,667 (it was $3,511 in 2011)
Margaret Wolf Scholarship Tr: 

 $3,667
Other organizations performing similar types of work: 

 $42,700

Assets in 2012: $105,089 (it was $104,740 in 2011)
This organization: 

 $105,089
Other organizations performing similar types of work: 

 $68,974

Financial snapshot ($)

Revenue for 2011

Expenses for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$3,511$3,511$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$388
Dividends and interest from securities$2,686
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Other$437
Total expenses and disbursements$4,090$0$0$4,059
Compensation of officers, directors, trustees, etc.$1,024
Total operating and administrative expenses$1,380$0$1,349
Contributions, gifts, grants paid$2,710
Excess of revenue over expenses and disbursements$-579
Net investment income$3,511
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$104,740$103,260
Cash - non-interest-bearing$470
Investments-U.S. and state government obligations$0
Investments-corporate stock$87,249
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Other$17,021
Total liabilities$1
Mortgages and other notes payable$0
Other$1
Total liabilities and net assets/fund balances$104,740
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$437
Net capital loss$0
Excise Tax Based on Investment Income (for 2011)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$35
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$35
Amount to be credited to 2012 estimated tax$0
Statements Regarding Activities (for 2011)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?Yes
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2011)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$103,797
Net value of noncharitable-use assets$102,240
Minimum investment return$5,112
Distributable Amount (for 2011)
Distributable amount$5,077
Undistributed Income (for 2011)
Distributable amount for 2011$5,077
Undistributed income for 2011. This amount must be distributed in 2012$3,728
Private Operating Foundations (for 2011)
2011201020092008Total
The lesser of the adjusted net income or the minimum investment return$1$0$0$0$1
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$1$0$0$0$1
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Health Scholarships IncPO BOX 1337, Hawkinsville, GA 31036-7337GA1999-04$157,402,420
2Montana Higher Education Student Assistance Corporation2500 E Broadway St, Helena, MT 59601-4901MT1983-03$119,407,568
3Educational Services Of America Inc104 N Seven Oaks Dr, Knoxville, TN 37922-2359TN1996-06$72,052,479
4Usa Funds Education Endowment Inc10475 Crosspoint Blvd Ste 230, Indianapolis, IN 46256-3387IN2005-07$41,529,411
5Greater Texas Foundation6100 Foundation Place Dr, Bryan, TX 77807-1105TX1980-05$39,027,572
6Foundation For Educational FundingPO BOX 82552, Lincoln, NE 68501-2552NE2002-08$36,471,952
7American Association Of University Women Inc9490 N Ridgewood Road, Pocatello, ID 83201ID2010-03$28,150,155
8Firemens Association Of The State New York Foundation Inc107 Washington Avenue, Albany, NY 12210-2200NY2003-01$23,169,842
9Cardinal Services Inc Of Indiana504 N Bay Dr, Warsaw, IN 46580-4627IN1965-06$21,816,763
10P E O Educational Loan Fund3700 Grand Ave, Des Moines, IA 50312-2806IA1962-09$21,045,638
11P E O Scholar Awards, C-O P E O Executive Office3700 Grand Ave, Des Moines, IA 50312-2806IA1996-11$6,437,586
12Northwest Iowa Christian School204 Kentucky Ave Nw, Orange City, IA 51041-3304IA2007-06$975,061
13Mississippi Valley School Tuitionorganization Inc1020 W Cntl Park Ave, Davenport, IA 52804-1804IA2006-08$845,307
14Kehl Family Foundation3184 Highway 22, Riverside, IA 52327-9690IA1999-04$715,095
15Heart Of Iowa School Tuition Organization Inc13007 Douglas Parkway, Urbandale, IA 50323-1702IA2006-08$651,039
16Iowa Lutheran School Tuitionorganization Inc1122 W Central Park Ave, Davenport, IA 52804-1805IA2006-12$562,992
17Charles B & Vivian Kelly Charitable Tr100 E State St, Mason City, IA 50401-3306IA2002-08$347,787
18Legacy Of Grace School Tuition Organization Inc300 Eagle Ln, Pella, IA 50219-1997IA2006-08$347,600
19Quill And Scroll Corporation School Of Journalism Rm E346100 Adler Journalism Bldg E 346, Iowa City, IA 52242-2004IA2001-07$299,841
20Lyla M Lynch TrPO BOX 230, Winterset, IA 50273-0230IA2006-10$285,801
21Rich Eychaner Charitable FoundationPO BOX 1797, Des Moines, IA 50305-1797IA1988-03$225,514
22Albert A Kruse And Wyona M Kruse Scholarship Tr417 Tracy St, Audubon, IA 50025-1217IA2006-07$201,250
23Emmetsburg Educational Foundation205 King St, Emmetsburg, IA 50536-1145IA2004-06$173,170
24Frank D Lillie Scholarship Trust, Lillie Margaret & James Davies TteeGrefe Sidney Plc 500 E Ct Ave, Des Moines, IA 50309IA2005-09$155,059
25Dennis L & Hildreth M Murphy Scholarship Trust, Larsen Robert L TteeSimpson College, Indianola, IA 50125IA2000-10$135,010
26New Hampton Community School Dist Educational Excellence Foundation710 W Main St, New Hampton, IA 50659-1004IA1999-08$93,554
27Hilda Robbins Scholarship Tr UwPO BOX 728, Burlington, IA 52601-0728IA2005-04$91,570
28Henry W Buresh Estate, Steiert Jerald A ExPO BOX 307, Charles City, IA 50616-0307IA2004-03$90,677
29Monsignor Joseph P Herard Charitable Trust2100 Asbury Rd Ste 2, Dubuque, IA 52001-3091IA2002-01$77,485
30Myrna Reynoldson Mayfield TrPO BOX 487, Perry, IA 50220-0487IA2001-05$66,304
Number of organizations performing similar types of work
Alaska43
Alabama250
Arkansas194
Arizona319
California2,300
Colorado349
Connecticut321
District of Columbia190
Delaware72
Florida1,105
Georgia574
Hawaii107
Iowa213
Idaho84
Illinois983
Indiana318
Kansas186
Kentucky239
Louisiana208
Massachusetts723
Maryland523
Maine130
Michigan616
Minnesota318
Missouri405
Mississippi131
Montana104
North Carolina548
North Dakota21
Nebraska109
New Hampshire123
New Jersey1,012
New Mexico109
Nevada138
New York1,422
Ohio817
Oklahoma213
Oregon252
Pennsylvania868
Rhode Island122
South Carolina208
South Dakota48
Tennessee287
Texas1,807
Utah187
Virginia572
Vermont84
Washington420
Wisconsin373
West Virginia96
Wyoming40
International28
Total20,909

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