North Penn Area Scholarship Fund Association Inc in Lansdale, Pennsylvania (PA)

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North Penn Area Scholarship Fund Association Inc
Employer Identification Number (EIN)232017874
Name of OrganizationNorth Penn Area Scholarship Fund Association Inc
AddressPO BOX 842, Lansdale, PA 19446-0642
ActivitiesScholarships (other)
SubsectionEducational Organization
Ruling Date05/1977
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period08/2014
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$471,981
Amount of Income$128,883
Form 990 Revenue Amount$37,566
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 2014: $128,883 (it was $31,842 in 2013)
This organization: 

Other organizations performing similar types of work: 


Assets in 2014: $471,981 (it was $442,624 in 2013)
This organization: 

Other organizations performing similar types of work: 


Expenses in 2014: $29,885
North Penn Area Scholarship Fund Association Inc: 

Other organizations performing similar types of work: 


Income to expenses ratio in 2014: 4.3
North Penn Area Scholarship Fund Association Inc: 

Other organizations performing similar types of work: 


Grants share in income in 2014: 22.1%
North Penn Area Scholarship Fund Association Inc: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2014

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue$18,170$21,760$37,566
Contributions, gifts, grants, and similar amounts received$7,884$8,130$8,320
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$8,116$8,354$8,674
Gain/Loss from sale of assets other than inventory$2,170$5,276$20,572
Gross amount from sale of assets other than inventory$11,426$15,358$111,889
Less: cost or other basis and sales expenses$9,256$10,082$91,317
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$35,232$29,100$29,885
Total net assets$397,394$418,124$458,981
Excess/Deficit for the year$-17,062$-7,340$7,681
Net assets or fund balances at beginning of year$387,970$397,394$418,124
Other changes in net assets or fund balances$26,486$28,070$33,176
Net assets or fund balances at end of year$418,124$458,981
Balance Sheets
Total assets$418,894$442,624$471,981
Total liabilities$21,500$24,500$13,000
Net assets or fund balances$397,394$418,124$458,981
Other Information
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2014)
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)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014)
2010 - 2014 Total
Public Support$39,799
Subtotal Support$50,523
Gifts, grants, contributions, and membership fees received$50,523
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
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$10,724
Total Support$90,948
Public Support$50,523
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$40,245
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$180
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Great Lakes Higher Education Guaranty Corporation2401 International Ln, Madison, WI 53704-3121WI1997-02$265,232,404
2Marine Corps Scholarship Foundation Inc909 N Washington St Ste 400, Alexandria, VA 22314-1555VA1995-04$61,009,828
3Horatio Alger Association Of Distinguished Americans Inc99 Canal Center Plz Ste 320, Alexandria, VA 22314-1588VA1952-10$39,491,498
4Jewell Educational Fund1050 W Bristol Rd, Flint, MI 48507-5516MI1991-06$33,216,038
5Panhandle-Plains Higher Education Authority Inc1303 23rd St, Canyon, TX 79015-5321TX1981-02$31,995,986
6Cape Cod Foundation Inc259 Willow Street, Yarmouth Port, MA 02675-1762MA1995-08$28,102,294
7Brazos Higher Education Service Corporation IncPO BOX 1308, Waco, TX 76703-1308TX1982-11$21,132,670
8Access College Foundation7300 Newport Ave Ste 500, Norfolk, VA 23505-3357VA1988-06$9,230,233
9Astronaut Scholarship Foundation Inc6225 Vectorspace Blvd, Titusville, FL 32780-8040FL1985-01$6,725,465
10Kappa Scholarship Endowment Fund Of Western Pennsylvania20 Stanwix St Ste 800, Pittsburgh, PA 15222-4808PA1992-05$73,025
11Evangeline L Dumesnil Trust, Myron Alpert TteePO BOX 609, Pittsburgh, PA 15230-0609PA1996-01$9,090,033
12Negro Educational Emergency Drive Need429 Fourth Ave 20th Floor, Pittsburgh, PA 15219-1500PA1965-07$5,020,914
13Dixon-Comstock Scholarship Fund Tr 594200PO BOX 185, Pittsburgh, PA 15230-0185PA1997-09$2,876,632
14Mayme Case Omeara Charitalbe TrustPO BOX 609, Pittsburgh, PA 15230-0609PA1997-06$1,297,593
15Dorothy Davis Scholarship Fund620 Liberty Ave, Pittsburgh, PA 15222-2722PA1996-01$989,539
16Monsignor Bonner High School Foundation403 N Lansdowne Ave, Drexel Hill, PA 19026-1113PA1996-02$978,846
17Lower Merion Township Scholarship FundPO BOX 346, Ardmore, PA 19003-0346PA1964-11$955,218
18Golden Generation Worship & Retreat Center IncPO BOX 8, Pen Argyl, PA 18072-0008PA1994-01$914,377
19Breakthrough Of Greater Philadelphia Inc, A Breakthrough Program34 W Coulter St, Philadelphia, PA 19144-2802PA1995-09$759,306
20Borowsky Family Foundation220 Society Hill Towers No 31b, Philadelphia, PA 19106PA1998-03$706,636
Number of organizations performing similar types of work
District of Columbia36
North Carolina100
North Dakota5
New Hampshire12
New Jersey147
New Mexico15
New York202
Rhode Island22
South Carolina36
South Dakota7
West Virginia21
Total3,412 is not associated with, endorsed by, or sponsored by North Penn Area Scholarship Fund Association Inc and has no official or unofficial affiliation with North Penn Area Scholarship Fund Association Inc