STRATEGY STUDIO / PUBLIC DATA EXPLORER

ITMA EDUCATIONAL FOUNDATION: Form 990EZ, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
ITMA EDUCATIONAL FOUNDATION (EIN 56-2004758)
Tax period
2014-09-01 to 2015-08-31
Filed
2016-07-14
IRS object ID
201621969349200637
Schema version
2014v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-07-14T15:58:40-05:00ReturnTs
Tax Period End2015-08-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN561146197PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SHARRARD MCGEE & CO PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 5869AddressLine1Txt
CityHIGH POINTCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27262ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2014-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN562004758EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ITMA EDUCATIONAL FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlITMABusinessNameControlTxt
Phone3368856842PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1317 WEST HIGH STREETAddressLine1Txt
CityHIGH POINTCityNm
State AbbreviationNCStateAbbreviationCd
ZIP272601208ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCATHERINE MORSELLPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone3368856842PhoneNum
Signature2016-07-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGEORGE H KNOSTMANPreparerPersonNm
PTINP00235890PTIN
Phone3368840410PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-09-27 15:27:22ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Website AddressHTTP://WWW.ITMA-SHOWTIME.COMWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization TrustYes (X)TypeOfOrganizationTrustInd
Gross Receipts$51,586GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$6,935ContributionsGiftsGrantsEtcAmt
Investment Income$19,651InvestmentIncomeAmt
Sale Of Assets Gross$25,000SaleOfAssetsGrossAmt
Cost Or Other Basis Expense Sale$19,132CostOrOtherBasisExpenseSaleAmt
Gain Or Loss From Sale Of Assets$5,868GainOrLossFromSaleOfAssetsAmt
Total Revenue$32,454TotalRevenueAmt
Grants And Similar Amounts Paid$33,201GrantsAndSimilarAmountsPaidAmt
Other Expenses Total$1,921OtherExpensesTotalAmt
Total Expenses$35,122TotalExpensesAmt
Excess Or Deficit For Year-$2,668ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$300,602NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$297,934NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$699BOYAmt
EOY$1,072EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$299,903BOYAmt
EOY$296,862EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$300,602BOYAmt
EOY$297,934EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$300,602BOYAmt
EOY$297,934EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeTO PROVIDE SCHOLARSHIPS TO STUDENTS ENROLLED IN HOME FURNISHINGS AND TEXTILE DESIGN PROGRAMS, WHICH WILL ENCOURAGE STUDENTS TO ENTER THESE FIELDS OF STUDY.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomPROVISION OF SCHOLARSHIPS AND EDUCATIONAL PROGRAMS:DURING THE CURRENT FISCAL YEAR, THIRTEEN STUDENTS, SEVERAL UNIVERSITIES,AND SOME SPECIAL EVENTS RECEIVED SCHOLARSHIPS AND AWARDS.DescriptionProgramSrvcAccomTxt
Grants And Allocations$0GrantsAndAllocationsAmt
Program Service Expenses$33,201ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$33,201TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (11 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
ART REILLY
PRESIDENT/DIRECTOR5.00$0$0$0
TODD NIFONG
VICE-PRESIDENT/DIRECTOR5.00$0$0$0
ISMAIL ARSLAN
TREASURER/SECRETARY5.00$0$0$0
MAC LANE
DIRECTOR5.00$0$0$0
KELLY DIFOGGIO
DIRECTOR5.00$0$0$0
KATHRYN RICHARDSON
DIRECTOR5.00$0$0$0
JESSIE RECTOR
DIRECTOR5.00$0$0$0
WESLEY MANCINI
DIRECTOR5.00$0$0$0
BRIAN BUNCH
DIRECTOR5.00$0$0$0
TOM FORRESTER
DIRECTOR5.00$0$0$0
CATHERINE MORSELL
EXECUTIVE DIRECTOR5.00$0$0$0
FieldValueIRS element (for citing)
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt0ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Made Loans To From Officers0MadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CATHERINE MORSELLBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1317 WEST HIGH STREETAddressLine1Txt
CityHIGH POINTCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27260ZIPCd
FieldValueIRS element (for citing)
Phone3368856842PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
School Operating0SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (1)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type1Yes (X)SupportingOrgType1Ind
Supported Organizations1SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1INTERNATIONAL TEXTILE MARKET ASSOCIATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
EIN581917209EIN
Organization Type9OrganizationTypeCd
Governing Document ListedYes (1)GoverningDocumentListedInd
Support$0SupportAmt
Other Support$0OtherSupportAmt
FieldValueIRS element (for citing)
Supported Organizations Total1SupportedOrganizationsTotalCnt
Support Sum$0SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (1)ListedByNameGoverningDocInd
Suprt Org No IRS Determination0SuprtOrgNoIRSDeterminationInd
Supported Org Section C4560SupportedOrgSectionC456Ind
Supported Org Not Organized US0SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org0OrganizationChangeSuprtOrgInd
Support Non Supported Org0SupportNonSupportedOrgInd
Payment Substantial Contribtr0PaymentSubstantialContribtrInd
Loan Disqualified Person0LoanDisqualifiedPersonInd
Controlled Disqualified Prsn0ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int0DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int0DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules0ExcessBusinessHoldingsRulesInd
Contribution Controller0ContributionControllerInd
Contribution Family0ContributionFamilyInd
Contribution35 Controlled0Contribution35ControlledInd

Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp

FieldValueIRS element (for citing)
Power Appoint Majority Dir TrstYes (1)PowerAppointMajorityDirTrstInd
Operate Benefit Non Suprt Org0OperateBenefitNonSuprtOrgInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOMEDESCRIPTION: DIVIDENDS INCOME. AMOUNT: 19,651.
FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAIDACTIVITY CLASSIFICATION: COVER COMPETITION. GRANTEE NAME: TINA LARUSSA. GRANTEE RELATIONSHIP: NONE. PROPERTY DESCRIPTION: CASH. AMOUNT GIVEN: 1,000.
FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAIDACTIVITY CLASSIFICATION: SCHOLARSHIPS/INTERNSHIPS. GRANTEE NAME: SUNSHINE OWEN. GRANTEE RELATIONSHIP: NONE. PROPERTY DESCRIPTION: CASH. AMOUNT GIVEN: 10,222.
FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAIDACTIVITY CLASSIFICATION: VIRGINIA JACKSON DESIGN COMPETITION. GRANTEE NAME: KEIAMNA SMALLS. GRANTEE RELATIONSHIP: NONE. PROPERTY DESCRIPTION: CASH. AMOUNT GIVEN: 11,474.
FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAIDACTIVITY CLASSIFICATION: OTHER AWARDS. GRANTEE NAME: LAURA CHERRY. GRANTEE RELATIONSHIP: NONE. PROPERTY DESCRIPTION: CASH. AMOUNT GIVEN: 10,505. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 33,201.
FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSESDESCRIPTION: MARKETING. AMOUNT: 500. DESCRIPTION: WEBSITE HOSTING. AMOUNT: 1,000. DESCRIPTION: DONATIONS. AMOUNT: 400. DESCRIPTION: BANK FEES. AMOUNT: 21. TOTAL TO FORM 990-EZ, LINE 16: 1,921.
FORM 990-EZ, PART II, LINE 24 - OTHER ASSETSDESCRIPTION: MUTUAL FUNDS AT COST. BEG. OF YEAR AMOUNT: 296,118. END OF YEAR AMOUNT: 292,877. DESCRIPTION: DONATION RECEIVABLES FROM ITMA. BEG. OF YEAR AMOUNT: 3,785. END OF YEAR AMOUNT: 3,985.

Transfer Prsnl Bnft Contracts Decl TransferPrsnlBnftContractsDecl

FieldValueIRS element (for citing)
DeclarationTHE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.DeclarationDesc