Iron Mountain Public School Scholarship Foundation in Marquette, Michigan (MI)

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Iron Mountain Public School Scholarship Foundation
Employer Identification Number (EIN)911777447
Name of OrganizationIron Mountain Public School Scholarship Foundation
In Care of NameNorthern Michigan Bank
Address1502 W Washington St, Marquette, MI 49855-3118
SubsectionCharitable Organization
Ruling Date11/1999
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 Period12/2012
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$3,134,126
Amount of Income$1,346,211
Form 990 Revenue Amount$315,645
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: $1,346,211 (it was $1,982,818 in 2011)
Iron Mountain Public School Scholarship Foundation: 

 $1,346,211
Other organizations performing similar types of work: 

 $42,700

Assets in 2012: $3,134,126 (it was $2,983,754 in 2011)
Iron Mountain Public School Scholarship Foundation: 

 $3,134,126
Other organizations performing similar types of work: 

 $68,974

Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$91,182
Contributions, Gifts, Grants and Other Similar Amounts$19,013
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$81,891
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net loss from sales of assets other than inventory$-9,722
Gross amount from sales of assets other than inventory (Securities / Other)$1,881,914 / $0
Less: cost or other basis and sales expenses (Securities / Other)$1,891,636 / $0
Gain or (loss) (Securities / Other)$-9,722 / $0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$178,728
Compensation of current officers, directors, trustees, and key employees$15,565
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$163,163
Balance Sheet (for 2011)
Total assets$2,983,754
Total liabilities$0
Total net assets or fund balances$2,983,754
Retained earnings, endowment, accumulated income, or other funds$363,467
Reason for Public Charity Status (for 2011)
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)
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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
8National Association Of Black Automotive Suppliers Scholarship FPO BOX 441243, Detroit, MI 48244-1243MI1998-11$178,632
9Michigan Aerospace Foundation IncPO BOX 8282, Ann Arbor, MI 48107-8282MI2001-11$63,876
10Lawrence P Doss Scholarship Foundation19391 Suffolk Drive, Detroit, MI 48203MI2002-04$55,112
11Skillman Foundation100 Talon Centre Dr Ste 100, Detroit, MI 48207-4266MI2006-05$145,113,333
12Kalamazoo Promise490 W South St, Kalamazoo, MI 49007-4621MI2006-07$9,830,000
13L & L Educational Foundation160 Mclean, Romeo, MI 48065-4919MI2005-06$2,891,744
14Kellogg Community College Foundation450 North Ave, Battle Creek, MI 49017-3306MI2000-03$2,297,513
15Phillip And Elizabeth Filmer Memorial Charitable Trust, Watt Angela L TteePO BOX 75000, Detroit, MI 48275-0001MI2007-02$2,114,029
16Richard And Mary Arden FoundationPO BOX 75000, Detroit, MI 48275-9413MI2003-04$1,888,967
17Afpd Foundation Inc5779 W Maple Rd, W Bloomfield, MI 48322-4493MI1999-11$1,533,538
18Iron Mountain Public School Scholarship Foundation1502 W Washington St, Marquette, MI 49855-3118MI1999-11$1,346,211
19Northville Educational Foundation501 W Main St, Northville, MI 48167-1576MI2000-02$1,233,926
20Mildred E Small & Robert D Toye Scholarship Trust Uid 7-5-95, Michael L Brewer TteePO BOX 75000, Detroit, MI 48275-0001MI2006-12$1,029,936
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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