Civic Intelligence

The Ned Welles Memorial Scholarship Fund

EIN 20-2060537 • 501(c)3 • Ponchatoula, LA

Profile

The primary exempt purpose of the Ned Welles Memorial Scholarship Fund is to raise money from the general public to fund scholarships to Millsaps College in Jackson, Mississippi.

121 West Pine StreetPonchatoula, LA 70454

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2014

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2014

Net Margin

80th percentile

28%

Higher net margin than 80% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

60th percentile

3.4%

Faster asset growth than 60% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

82nd percentile

44%

Faster revenue growth than 82% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$255,378

Up $8,278 (+3.4%) from 2013

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$255,378

Up $8,278 (+3.4%) from 2013

Operations
Liabilities / RevenueScore unavailableNet Margin80th percentile

Revenue

Up

$29,756

Up $9,024 (+44%) from 2013

Expenses

Up

$21,478

Up $6,478 (+43%) from 2013

Net Income

Up

$8,278

Up $2,546 (+44%) from 2013

Trend Graphs

Balance Sheet Trend

Asset Growth60th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2010: $238,157Net Assets 2010: $238,1572010Assets 2011: $231,711Net Assets 2011: $231,7112011Assets 2012: $247,875Net Assets 2012: $247,8752012Assets 2013: $247,100Net Assets 2013: $247,1002013Assets 2014: $255,378Net Assets 2014: $255,3782014

Highlighted filing

2014

Assets$255,378
Liabilities-
Net Assets$255,378
Open 2014 Filing

Operations Trend

Revenue Growth82nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40K$30K$20K$10K$0-$10KRevenue 2010: $23,587Expenses 2010: $13,500Net Income 2010: $10,0872010Revenue 2011: $25,060Expenses 2011: $31,506Net Income 2011: -$6,4462011Revenue 2012: $31,172Expenses 2012: $15,008Net Income 2012: $16,1642012Revenue 2013: $20,732Expenses 2013: $15,000Net Income 2013: $5,7322013Revenue 2014: $29,756Expenses 2014: $21,478Net Income 2014: $8,2782014

Highlighted filing

2014

Revenue$29,756
Expenses$21,478
Net Income$8,278
Open 2014 Filing

Filings

Most recent year

2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$255,378
Liabilities
-
Net assets
$255,378
Revenue
$29,756
Expenses
$21,478
Net income
$8,278
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2014Detailed filing. Detailed filing data is available for this year.$2.55$2.55$0.30$0.21$0.08
2013Detailed filing. Detailed filing data is available for this year.$2.47$2.47$0.21$0.15$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.48$2.48$0.31$0.15$0.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.32$2.32$0.25$0.32$0.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.38$2.38$0.24$0.14$0.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Feb 24, 2015
Return Version
2014v5.0
Gross Receipts
$29,756
Mission and Program Overview

Mission

The primary exempt purpose of the Ned Welles Memorial Scholarship Fund is to raise money from the general public to fund scholarships to Millsaps College in Jackson, Mississippi.

Program Services

DescriptionGrantsExpenses
Scholarships totalling $14,500 were provided to students at Millsaps College.$4,327$14,500
Scholarships totalling $2,000 were provided to students at Southeastern Louisiana University.-$2,000
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
John E Welles IIPresident-$0--
Will H Richardson IIIVice President-$0--
Filing and Contact Details

Filer

Filer Name
The Ned Welles Memorial Scholarship Fund
EIN
20-2060537
Phone
9853863511
Address
121 West Pine Street, Ponchatoula, LA 70454

Signing Officer

Name
John E Welles II
Title
President
Signed
2015-02-24
Discuss with paid preparer
Yes

Preparer

Firm
Durnin & James CPAs PC
Address
PO Box 369, Hammond, LA 70404-0369
Preparer
Dennis E James CPA
Phone
9853456262
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

“Class of Activity: Scholarship | Donee's Name: Millsaps College | Donee's Address: 1701 North State Street Jackson, MS 39210 | Cash Amount Given: $14500”

Other Expenses.1012

“Insurance $651”

Other Expenses.1

“Fund Raising Expenses $2500”

Other Expenses.2

“Scholarships $1500”

Other Expenses.3

“Miscellaneous Exp. $327”

Raw XML Appendix142 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
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IRS990EZ/OtherExpensesTotalAmt04978
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IRS990EZ/PoliticalCampaignActyInd0false
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Scholarships totalling $2,000 were provided to students at Southeastern Louisiana University.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt04327
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt014500
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt12000
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt021478
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IRS990EZ/TransactionWithControlEntInd0false
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IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt016275
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt024665
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt017613
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt091711
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IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.70380
IRS990ScheduleA/PublicSupportPY170Pct00.75180
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IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt091711
IRS990ScheduleA/TotalSupportAmt0130306
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Class of Activity: Scholarship | Donee's Name: Millsaps College | Donee's Address: 1701 North State Street Jackson, MS 39210 | Cash Amount Given: $14500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Insurance $651
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Fund Raising Expenses $2500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Scholarships $1500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Miscellaneous Exp. $327
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Grants and Similar Amounts Paid In Excess of $5,000.1
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.3
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0John E Welles II
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-02-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Ned Welles Memorial Scholarship Fund
ReturnHeader/Filer/BusinessNameControlTxt0NEDW
ReturnHeader/Filer/EIN0202060537
ReturnHeader/Filer/PhoneNum09853863511
ReturnHeader/Filer/USAddress/AddressLine1Txt0121 West Pine Street
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd070454
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 369
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Hammond
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0704040369
ReturnHeader/PreparerPersonGrp/PhoneNum09853456262
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Dennis E James CPA
ReturnHeader/ReturnTs02015-02-24T09:08:23-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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