Inez Community Benefit Association in Inez, Texas (TX)

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Inez Community Benefit Association
Employer Identification Number (EIN)742188542
Name of OrganizationInez Community Benefit Association
AddressPO BOX 372, Inez, TX 77968-0372
ActivitiesCommunity service organization
SubsectionCharitable Organization
Ruling Date09/1981
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$342,608
Amount of Income$198,949
Form 990 Revenue Amount$162,049
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 2013: $198,949 (it was $156,051 in 2012)
This organization: 

 $198,949
Other organizations performing similar types of work: 

 $72,336

Assets in 2013: $342,608 (it was $300,912 in 2012)
Inez Community Benefit Association: 

 $342,608
Other organizations performing similar types of work: 

 $239,394

Expenses in 2013: $123,772
This organization: 

 $123,772
Other organizations performing similar types of work: 

 $40,888

Income to expenses ratio in 2013: 1.6
This organization: 

 1.6
Other organizations performing similar types of work: 

 1.4

Grants share in income in 2013: 36.6%
This organization: 

 36.6%
Other organizations performing similar types of work: 

 0.1%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$105,812$126,762$162,049
Contributions, gifts, grants, and similar amounts received$45,291$31,332$59,359
Program service revenue including government fees and contracts$25,692$43,415$42,449
Membership dues and assessments$0$0$0
Investment income$3,690$3,770$8,895
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$2,148$13,359$18,090
Gross income from gaming$0$0$0
Gross income from fundraising events$6,670$24,678$35,915
Less: direct expenses from gaming and fundraising events$4,522$11,319$17,825
Gross profit/loss from sales of inventory$9,783$20,509$22,324
Gross sales of inventory, less returns and allowances$19,346$38,479$41,399
Less: cost of goods sold$9,563$17,970$19,075
Other revenue$19,208$14,377$10,932
Total expenses$87,225$100,003$123,772
Total net assets$260,788$287,547$325,824
Excess/Deficit for the year$18,587$26,759$38,277
Net assets or fund balances at beginning of year$242,201$260,788$287,547
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$287,547$325,824
Balance Sheets
201120122013
Total assets$268,646$300,912$342,608
Total liabilities$7,858$13,365$16,784
Net assets or fund balances$260,788$287,547$325,824
Other Information
201120122013
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 2013)
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
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$565,735
Subtotal$565,735
Gifts, grants, contributions, and membership fees received$198,913
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$366,822
Gross receipts from activities that are not an unrelated trade or business under section 513$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
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$657,331
Public support$565,735
Subtotal$23,966
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$23,966
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$67,630
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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
8Bosque Higher Education Authority IncPO BOX 1308, Waco, TX 76703-1308TX1989-09$225,115
9Les Dames D Escoffier, San Antonio ChapterPO BOX 17812, San Antonio, TX 78217-0812TX1998-07$22,054
10Ncoa Scholarship Fund Inc9330 Corporate Drive Suite 701, Selma, TX 78154TX1985-04$20,379
11Lowdon Family Foundation1400 W 7th St Ste 400, Fort Worth, TX 76102-2628TX1997-03$2,952,277
12Lewisville Education Foundation IncPO BOX 643, Lewisville, TX 75067-0643TX1990-08$2,741,853
13Bergman-Davison-Webster Charitable TrPO BOX 1617, Livingston, TX 77351-0029TX1997-08$2,656,798
14Michael And Rebecca Cemo Foundation4015 Inverness Dr, Houston, TX 77019-1005TX1997-06$2,558,163
15North Central Texas College Foundation Inc1525 W California St, Gainesville, TX 76240-4678TX1988-02$1,713,334
16Good Samaritan Foundation Of Texas Inc3355 W Alabama St Ste 1025, Houston, TX 77098-1867TX1952-06$1,708,110
17Project Stay Scholarships To Able Youth700 S Zarzamora St Ste 108, San Antonio, TX 78207-5247TX1969-09$1,394,849
18Cypress Fairbanks Educational FoundationPO BOX 1698, Cypress, TX 77410-1698TX1970-09$1,197,735
19Tua Esther Hass Scholarship FdPO BOX 831041, Dallas, TX 75283-1041TX$1,147,975
20Carson Foundation, Carson C Neal Ttee5090 Richmond Ave Ste 300, Houston, TX 77056-7402TX1998-02$886,722
Number of organizations performing similar types of work
Alaska15
Alabama29
Arkansas27
Arizona42
California252
Colorado46
Connecticut69
District of Columbia36
Delaware10
Florida151
Georgia78
Hawaii18
Iowa52
Idaho15
Illinois193
Indiana80
Kansas57
Kentucky48
Louisiana26
Massachusetts102
Maryland74
Maine15
Michigan138
Minnesota61
Missouri93
Mississippi12
Montana14
North Carolina100
North Dakota5
Nebraska30
New Hampshire12
New Jersey147
New Mexico15
Nevada16
New York202
Ohio188
Oklahoma33
Oregon38
Pennsylvania160
Rhode Island22
South Carolina36
South Dakota7
Tennessee42
Texas251
Utah11
Virginia136
Vermont9
Washington68
Wisconsin96
West Virginia21
Wyoming9
International5
Total3,412

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