Nonprofit · EIN 32-0430180
RINGS VS RENT SCHOLARSHIP FOUNDATION
Also known as MICHAEL BAILEY SOLE MBR
Tax-exempt · QUINTON, VA 23141
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $536,821 | $415,603 | $121,218 | $106,363 | $0 | $106,363 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $536,821
- of which government grants
- $518,023
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,105
- Other salaries and wages
- $142,106
- Salaries, compensation and benefits (total)
- $144,622
- Professional fundraising fees
- $0
- Occupancy
- $6,300
- Travel
- $398
- Program services (functional)
- $377,134
- Management and general (functional)
- $38,469
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $106,363
- Total liabilities, end of year
- $0
- Net assets, end of year
- $106,363
- Gross receipts
- $536,821
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2014
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL L BAILEY | PRESIDENT Trustee or director, Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 7372 PATRIOTS LANDING PL, QUINTON, VA 23141-1383
- In care of
- % MICHAEL BAILEY
- Mailing address (990-N for 2024)
- 7372 Patriots Landing Pl, Quinton VA 23141
- Principal officer (990-N for 2024)
- Michael Bailey, 7372 Patriots Landing Pl, Quinton VA 23141
- Signed the 990
- MICHAEL L BAILEY, PRESIDENT
- Phone
- (804) 557-2648
- Website
- HTTP://UBU100.ORG/
- Return prepared by
- PROSPORT ACCOUNTANTS LLC
Mission
RINGS VS RENT SCHOLARSHIP FOUNDATION SEEKS TO PROVIDE PROACTIVE AND INCREASED ATTENTION TO THE TIMELINESS AND ACCESS TO COLLEGE AND CAREER READINESS OPPORTUNITIES FOR STUDENTS THAT WILL COUNTER THE ASPECTS OF VIOLENCE IN LOW-INCOME COMMUNITIES. RINGS VS RENT SCHOLARSHIP FOUNDATION AIMS TO ACCOMPLISH THIS THROUGH A VARIETY OF PROGRAMS IN EDUCATION, RECREATION, AND COMMUNITY OUTREACH.
Program accomplishments
- RINGS VS RENT SCHOLARSHIP FOUNDATION OPERATES AFTER-SCHOOL PROGRAMS AT MARTIN LUTHER KING JR. MIDDLE SCHOOL IN RICHMOND, VA FOR THE BENEFIT OF THE YOUTH. IN THESE PROGRAMS, STUDENTS ARE TAUGHT BASIC LIFE SKILLS THAT INCLUDE TIME MANAGEMENT, ANGER MANAGEMENT, COLLEGE, AND CAREER READINESS, AND SELF-CARE, WHICH HAVE HAD AN AMAZING IMPACT ON THE STUDENT POPULATION, TEACHERS, STAFF, AND PARENTS OF STUDENTS. THESE PROGRAMS EXIST TO COMBAT VIOLENCE IN THE LOW-INCOME COMMUNITIES IN WHICH THE STUDENTS OF MARTIN LUTHER KING JR. MIDDLE SCHOOL RESIDE.Expenses $377,134 · grants $1,105 · revenue $536,821
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 32-0430180
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $106,363
- Income (IRS master file)
- $536,821
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2024 Officer: Michael Bailey | December 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2024 | $536,821 | $415,603 | $106,363 | XML |
| 990-N for 2023 Officer: Michael Bailey | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: Michael Bailey | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Michael Bailey | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 32-0430180).
Questions about RINGS VS RENT SCHOLARSHIP FOUNDATION
- What is the EIN of RINGS VS RENT SCHOLARSHIP FOUNDATION?
- The employer identification number (EIN) of RINGS VS RENT SCHOLARSHIP FOUNDATION is 32-0430180.
- Is RINGS VS RENT SCHOLARSHIP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to RINGS VS RENT SCHOLARSHIP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RINGS VS RENT SCHOLARSHIP FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of RINGS VS RENT SCHOLARSHIP FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RINGS VS RENT SCHOLARSHIP FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2024 for the year ended December 31, 2024.
- Who is the principal officer of RINGS VS RENT SCHOLARSHIP FOUNDATION?
- The 990-N for 2024 names Michael Bailey.
- Who are the officers and directors of RINGS VS RENT SCHOLARSHIP FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does RINGS VS RENT SCHOLARSHIP FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $536,821, expenses of $415,603 and total assets of $106,363 at year end.
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