Beads For Education Inc A Non-Profit Corporation in Ventnor City, New Jersey (NJ)

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Beads For Education Inc A Non-Profit Corporation
Employer Identification Number (EIN)201212609
Name of OrganizationBeads For Education Inc A Non-Profit Corporation
In Care of NameDeborah K Rooney
Address5501 Ventnor Ave, Ventnor City, NJ 08406-2341
SubsectionEducational Organization
Ruling Date01/2006
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 Period12/2011
Assets$100,000 to $499,999
Income$500,000 to $999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$496,577
Amount of Income$610,193
Form 990 Revenue Amount$597,884
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 2011: $610,193 (it was $543,952 in 2010)
Beads For Education Inc A Non-Profit Corporation: 

 $610,193
Other organizations performing similar types of work: 

 $42,700

Assets in 2011: $496,577 (it was $353,771 in 2010)
Beads For Education Inc A Non-Profit Corporation: 

 $496,577
Other organizations performing similar types of work: 

 $68,974

Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Support schedule

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$597,884
Contributions, Gifts, Grants and Other Similar Amounts$593,842
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Gross income from fundraising events$3,389
Less: direct expenses$3,389
Net income from gaming activities$0
Net income from sales of inventory$4,042
Gross sales of inventory, less returns and allowances$12,962
Less: cost of goods sold$8,920
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$484,345
Compensation of current officers, directors, trustees, and key employees$84,000
Other salaries and wages$35,962
Payroll taxes$8,296
Professional fundraising services$0
Other$356,087
Balance Sheet (for 2011)
Total assets$496,577
Total liabilities$5,685
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$5,685
Total net assets or fund balances$490,892
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
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)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$2,596,103
Gifts, grants, contributions, and membership fees received$2,596,098
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$5
Gross receipts from related activities, etc.$140,216
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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
10Wound Ostomy Continence Nurses Society, Wocn15000 Commerce Pkwy Ste C, Mount Laurel, NJ 08054-2212NJ1977-05$4,993,219
11Alcatel Lucent Foundation600 Mountain Ave, Murray Hill, NJ 07974-2008NJ1997-03$4,100,744
12Gay D And William F Scott Family FoundationPO BOX 1501, Pennington, NJ 08534-0671NJ2006-01$2,904,589
13Irene Kandzie Scholarship FundPO BOX 1501, Pennington, NJ 08534-0671NJ2008-10$2,233,958
14Give Something Back Foundation Inc325 Columbia Tpke Ste 202, Florham Park, NJ 07932-1212NJ2007-04$1,776,038
15Lackner Fam Tr, Lackner David Ttee2107 Aqueduct Ln, Cherry Hill, NJ 08002-1932NJ1999-03$1,589,350
16Dr Calvin Martin Memorialscholarship FundPO BOX 1501, Pennington, NJ 08534-0671NJ2008-02$1,391,366
17Mabas Fund Inc1126 Carolina St, Lakewood, NJ 08701-2123NJ2004-06$1,139,355
18Holland Christian Home Foundation Inc151 Graham Ave, North Haledon, NJ 07508-2961NJ2006-08$720,125
19Haddonfield School District Scholarship And Education Fund IncHaddonfield High School, Haddonfield, NJ 08033NJ1987-10$712,140
20Dick And Jackie Deskovick Foundation Inc9 Jonathan Smith Rd, Morristown, NJ 07960-3408NJ2000-12$693,573
21Fortune Education Foundation Inc20 Carbon Pl, Jersey City, NJ 07305-1125NJ2008-10$660,124
22Kentner And Elizabeth Wilson Scholarship Trust FundPO BOX 1501, Pennington, NJ 08534-0671NJ2002-10$651,613
23Beads For Education Inc A Non-Profit Corporation5501 Ventnor Ave, Ventnor City, NJ 08406-2341NJ2006-01$610,193
24Michael J And Patricia Levittfamily Charitable Foundation Inc3 E Stow Rd, Marlton, NJ 08053-3188NJ2007-06$575,402
25Jack Gramlich FoundationPO BOX 1501, Pennington, NJ 08534-0671NJ2009-04$565,458
26Eugene And Evelyn Banks Familycharitable FoundationPO BOX 1501, Pennington, NJ 08534-0671NJ2006-10$563,303
27Picozzi Family Foundation Inc48 Maple St, Summit, NJ 07901-2536NJ2007-09$561,392
28Conger Family Foundation IncPO BOX 4470, Warren, NJ 07059-0470NJ2001-09$553,155
29Friends Of Tiferet Tzion Inc13 Washington Ave, Lakewood, NJ 08701-4951NJ2005-04$522,005
30C Edward And Helen E Enrothmemorial Scholarship Fund1886 Hinds Rd Ste 2, Toms River, NJ 08753-8199NJ2007-11$439,291
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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