Hastings Public Schools Foundation in Hastings, Nebraska (NE)

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Hastings Public Schools Foundation
Employer Identification Number (EIN)470713997
Name of OrganizationHastings Public Schools Foundation
Address1924 W A St, Hastings, NE 68901-5650
ActivitiesOther school related activities
SubsectionCharitable Organization
Ruling Date02/1990
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
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$183,992
Amount of Income$42,172
Form 990 Revenue Amount$42,172

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Financial snapshot ($)

Revenue for 2011

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$42,172
Contributions, gifts, grants, and similar amounts received$41,876
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$149
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$147
Total expenses$51,548
Total net assets$183,992
Deficit for the year$-9,376
Net assets or fund balances at beginning of year$193,368
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$183,992
Total liabilities$0
Net assets or fund balances$183,992
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$236,962
Gifts, grants, contributions, and membership fees received$230,817
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$0
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$6,145
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