Charles Eades Scholarship Trust, Old National Trust Ttee in Evansville, Indiana (IN)

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Charles Eades Scholarship Trust, Old National Trust Ttee
Employer Identification Number (EIN)207217388
Name of OrganizationCharles Eades Scholarship Trust
Secondary NameOld National Trust Ttee
In Care of NameOld National Trust Co
AddressPO BOX 207, Evansville, IN 47702-0207
SubsectionEducational Organization
Ruling Date09/2008
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$1,000,000 to $4,999,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$1,096,541
Amount of Income$242,461
Form 990 Revenue Amount$44,763
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: $242,461 (it was $44,763 in 2011)
This organization: 

Other organizations performing similar types of work: 


Assets in 2012: $1,096,541 (it was $1,125,935 in 2011)
Charles Eades Scholarship Trust, Old National Trust Ttee: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2011

Expenses 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$44,763$44,546$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$34,256
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$80,520$7,031$0$72,983
Compensation of officers, directors, trustees, etc.$13,817
Total operating and administrative expenses$15,270$7,031$7,733
Contributions, gifts, grants paid$65,250
Excess of revenue over expenses and disbursements$-35,757
Net investment income$37,515
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$1,125,935$1,236,923
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Total liabilities$0
Total liabilities and net assets/fund balances$1,125,935
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$10,507
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$750
Total credits and payments$584
2011 estimated tax payments and 2010 overpayment credited to 2011$584
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$0
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Tax due$166
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?Yes
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?No
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$1,289,042
Net value of noncharitable-use assets$1,269,700
Minimum investment return$63,485
Distributable Amount (for 2011)
Distributable amount$62,735
Undistributed Income (for 2011)
Distributable amount for 2011$62,735
Undistributed income for 2011. This amount must be distributed in 2012$7,976
Private Operating Foundations (for 2011)
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
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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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
10Scholarship Fdn Of St Joseph County IncPO BOX 1602, South Bend, IN 46634-1602IN1961-10$911,904
11The Endowment Fund Of The Phi Kappa Psi Fraternity5395 Emerson Way, Indianapolis, IN 46226-1415IN1988-10$13,480,896
12Alpha Gamma Delta Foundation Inc8710 N Meridian Street, Indianapolis, IN 46260-5389IN2000-05$3,652,508
13Alpha Sigma Phi Educational Foundation Inc710 Adams St, Carmel, IN 46032-7541IN2004-11$3,166,961
14J Herbert Hoch And Martha Hoch Memorial TrPO BOX 188, Francesville, IN 47946-0188IN2004-05$1,496,283
15Biddle Memorial Foundation IncPO BOX 215, Sheridan, IN 46069-0215IN2001-09$736,945
16Crossbred Classic Inc7014 E County Road 200 N, Michigantown, IN 46057-9510IN2002-01$680,206
17Dwight & Virginia Deen Schoeff Scholarship Tr200 E Jackson St, Muncie, IN 47305-2835IN2005-08$632,112
18Indiana Association Of Chiefs Of Police Foundation Inc10293 N Meridian St Ste 175, Indianapolis, IN 46290-1130IN1996-03$591,367
19Pfleiderer Warsaw High School Irrv Scholarship TrPO BOX 1602, South Bend, IN 46634-1602IN2004-02$475,327
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Number of organizations performing similar types of work
District of Columbia190
North Carolina548
North Dakota21
New Hampshire123
New Jersey1,012
New Mexico109
New York1,422
Rhode Island122
South Carolina208
South Dakota48
West Virginia96
Total20,909 is not associated with, endorsed by, or sponsored by Charles Eades Scholarship Trust, Old National Trust Ttee and has no official or unofficial affiliation with Charles Eades Scholarship Trust, Old National Trust Ttee