American Bus Association Foundation Inc.
990 • Fiscal year 2012 • EIN 52-2036929
Scores are not available for this record yet.
Assets
Flat$4,252,231
Flat from 2012
Net Assets
Flat$4,215,117
Flat from 2012
Liabilities
Flat$37,114
Flat from 2012
Revenue
-
No earlier filing loaded for comparison.
Expenses
Flat$187,634
Flat from 2012
Net Income
-
No earlier filing loaded for comparison.
- Filing Period
- Jan 1, 2012 to Dec 31, 2012
- Signed
- Oct 22, 2013
- Return Version
- 2012v2.1
- Gross Receipts
- $1,381,563
Mission
The aba foundation mission is to answer the call to support the industry with research and scholarships that benefit the aba, policy-makers, and the public.
Filer
- EIN
- 52-2036929
Raw XML AppendixShowing 400 of 574 raw XML fields
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| IRS990/ActivityOrMissionDescription | 0 | THE ABA FOUNDATION IS ESTABLISHED FOR EDUCATIONAL, SCIENTIFIC, AND CHARITABLE PURPOSES. IT PROVIDES SCHOLARSHIPS TO DESERVING STUDENTS THROUGH THE GEORGE T. SNYDER, JR. SCHOLARSHIP FUND. THE FOUNDATION ENHANCES THE QUALITY AND LEVEL OF PROFESSIONAL KNOWLEDGE AND SKILLS OF INTERCITY BUS OPERATORS, AND CONDUCTS RESEARCH AND DEVELOPS EDUCATIONAL PROGRAMS DESIGNED TO ENHANCE THE SAFETY AND EFFICIENCY OF THE INTERCITY BUS INDUSTRY. |
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| IRS990ScheduleD/ExpensesSubtotal | 0 | 178875 |
| IRS990ScheduleD/FootnoteInPartXIII | 0 | X |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation | 0 | THE FOUNDATION IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. INCOME, WHICH IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. THE FOUNDATION DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR DECEMBER 31, 2012. THE FOUNDATION FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE FOUNDATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED BY EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISION OF THIS GUIDANCE. GENERALLY, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE DECEMBER 31, 2009. |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation | 1 | FUNDRAISING EXPENSES REPORTED ON LINE 8B 26,076. |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation | 2 | FUNDRAISING EXPENSES REPORTED ON LINE 8B 26,076. |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier | 0 | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier | 1 | PART XI, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier | 2 | PART XII, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference | 0 | PART X, LINE 2: |
| IRS990ScheduleD/InvestmentExpensesNotIncluded | 0 | 8759 |
| IRS990ScheduleD/InvestmentExpensesNotIncluded2 | 0 | 8759 |
| IRS990ScheduleD/NetUnrealizedGainsInvestments | 0 | 154555 |
| IRS990ScheduleD/OtherExpensesIncluded | 0 | 26076 |
| IRS990ScheduleD/OtherLiabilities/Amount | 0 | 6774 |
| IRS990ScheduleD/OtherLiabilities/Description | 0 | AMOUNTS DUE TO AMERICAN BUS ASSOCIATION |
| IRS990ScheduleD/OtherRevenues | 0 | 26076 |
| IRS990ScheduleD/RevenueNotRptdF990 | 0 | 180631 |
| IRS990ScheduleD/RevenueNotRptdOnFinStmt | 0 | 8759 |
| IRS990ScheduleD/RevenueSubtotal | 0 | 1180031 |
| IRS990ScheduleD/TotalExpensesPerForm990 | 0 | 187634 |
| IRS990ScheduleD/TotalOfAmounts | 0 | 6774 |
| IRS990ScheduleD/TotalOfBookValueLandBuildings | 0 | 0 |
| IRS990ScheduleD/TotalRevenuePerForm990 | 0 | 1188790 |
| IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt | 0 | 204951 |
| IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt | 0 | 1360662 |
| IRS990ScheduleG/EventsInformation/CharitableContribOtherEvents | 0 | 3675 |
| IRS990ScheduleG/EventsInformation/CharitableContributionsTotal | 0 | 3675 |
| IRS990ScheduleG/EventsInformation/DirectExpenseSummaryEvents | 0 | 26076 |
| IRS990ScheduleG/EventsInformation/GrossReceiptsEvent1 | 0 | 53867 |
| IRS990ScheduleG/EventsInformation/GrossReceiptsEvent2 | 0 | 50400 |
| IRS990ScheduleG/EventsInformation/GrossReceiptsOtherEvents | 0 | 68747 |
| IRS990ScheduleG/EventsInformation/GrossReceiptsTotal | 0 | 173014 |
| IRS990ScheduleG/EventsInformation/GrossRevenueEvent1 | 0 | 53867 |
| IRS990ScheduleG/EventsInformation/GrossRevenueEvent2 | 0 | 50400 |
| IRS990ScheduleG/EventsInformation/GrossRevenueOtherEvents | 0 | 65072 |
| IRS990ScheduleG/EventsInformation/GrossRevenueTotalEvents | 0 | 169339 |
| IRS990ScheduleG/EventsInformation/NameOfEvent1 | 0 | SILENT AUCTION |
| IRS990ScheduleG/EventsInformation/NameOfEvent2 | 0 | LIVE AUCTION |
| IRS990ScheduleG/EventsInformation/NetIncomeSummary | 0 | 143263 |
| IRS990ScheduleG/EventsInformation/OtherDirectExpensesEvent1 | 0 | 10240 |
| IRS990ScheduleG/EventsInformation/OtherDirectExpensesEvent2 | 0 | 2150 |
| IRS990ScheduleG/EventsInformation/OtherDirectExpensesOtherEvents | 0 | 13686 |
| IRS990ScheduleG/EventsInformation/OtherDirectExpensesTotalEvents | 0 | 26076 |
| IRS990ScheduleG/EventsInformation/TotalNumberOfOtherEvents | 0 | 2 |
| IRS990ScheduleI/Form990ScheduleIPartIV/Explanation | 0 | SCHEDULE I, PART I, LINE 2: SCHOLARSHIP AWARD PAYMENTS ARE MADE PAYABLE DIRECTLY TO THE UNIVERSITY THAT THE STUDENT WILL ATTEND. |
| IRS990ScheduleI/Form990ScheduleIPartIV/Identifier | 0 | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: |
| IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference | 0 | PART I, LINE 2: |
| IRS990ScheduleI/RecordsMaintained | 0 | 1 |
| IRS990ScheduleJ/AnyNonFixedPayments | 0 | 0 |
| IRS990ScheduleJ/CompBasedNetEarningsFilingOrg | 0 | 0 |
| IRS990ScheduleJ/CompBasedNetEarningsRelateOrgs | 0 | 0 |
| IRS990ScheduleJ/CompBasedOnRevenueOfFilingOrg | 0 | 0 |
| IRS990ScheduleJ/CompBasedOnRevenueRelatedOrgs | 0 | 0 |
| IRS990ScheduleJ/EquityBasedCompArrangement | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/BonusFilingOrg | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/BonusRelatedOrgs | 0 | 42479 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $4,252,231
- Liabilities
- $37,114
- Net assets
- $4,215,117
- Revenue
- -
- Expenses
- $187,634
- Net income
- -