Park Springs Foundation in Stone Mountain, Georgia (GA)
Table of contents:
| Park Springs Foundation | |
| Employer Identification Number (EIN) | 208710411 |
| Name of Organization | Park Springs Foundation |
| In Care of Name | Audrey B Morgan |
| Address | 500 Springhouse Circle, Stone Mountain, GA 30087 |
| Subsection | Educational Organization |
| Ruling Date | 11/2007 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 2007 |
| Assets | $100,000 to $499,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $116,819 |
| Amount of Income | $21,930 |
| Form 990 Revenue Amount | $18,979 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards |
Non-representatives - add comments:
Amount of income in 2007: $21,930 (it was $18,979 in 2013)
| Park Springs Foundation: | $21,930 |
| Other organizations performing similar types of work: | $299,534 |
Assets in 2007: $116,819 (it was $116,819 in 2013)
| Park Springs Foundation: | $116,819 |
| Other organizations performing similar types of work: | $1,135,383 |
Expenses in 2013: $27,634
| Park Springs Foundation: | $27,634 |
| Other organizations performing similar types of work: | $135,405 |
Income to expenses ratio in 2013: 0.8
| This organization: | 0.8 |
| Other organizations performing similar types of work: | 1.8 |
Grants share in income in 2013: 85.7%
| This organization: | 85.7% |
| Other organizations performing similar types of work: | 74.1% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $80,058 | $17,280 | $18,979 |
| Contributions, gifts, grants, and similar amounts received | $77,597 | $12,500 | $16,257 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $2,428 | $2,608 | $1,591 |
| Gain/Loss from sale of assets other than inventory | $33 | $2,172 | $1,131 |
| Gross amount from sale of assets other than inventory | $33 | $5,991 | $4,082 |
| Less: cost or other basis and sales expenses | $0 | $3,819 | $2,951 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $28,154 | $27,444 | $27,634 |
| Total net assets | $135,638 | $125,474 | $116,819 |
| Excess/Deficit for the year | $51,904 | $-10,164 | $-8,655 |
| Net assets or fund balances at beginning of year | $83,734 | $135,638 | $125,474 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $125,474 | $116,819 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $135,638 | $125,474 | $116,819 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $135,638 | $125,474 | $116,819 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| 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? | No | No | |
| 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? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| 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 supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $177,481 |
| Subtotal | $177,481 |
| Gifts, grants, contributions, and membership fees received | $177,481 |
| 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 | $0 |
| 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 | $187,452 |
| Public support | $177,481 |
| Subtotal | $9,971 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $9,971 |
| 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 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | University Of West Georgia Foundation Inc | 1903 Maple St, Carrollton, GA 30117-4122 | GA | 1967-03 | $27,401,180 |
| 2 | Coca-Cola Scholars Foundation Inc | PO BOX 42, Atlanta, GA 30301-0042 | GA | 1986-09 | $20,080,591 |
| 3 | Gainesville State College Foundation Inc | PO BOX 1358, Gainesville, GA 30503-1358 | GA | 1968-04 | $5,855,929 |
| 4 | W W Wannamaker Citadel Star Of The West Ma | PO BOX 2904, Wilson, NC 27894-2904 | NC | 1953-02 | $2,852,405 |
| 5 | Simon Wolf Endowment Fund Inc | 4549 Chamblee Dunwoody Rd, Atlanta, GA 30338-6210 | GA | 1948-11 | $579,838 |
| 6 | Athens Tech Foundation Inc | 800 Us Hwy 29 N, Athens, GA 30601 | GA | 1989-01 | $354,903 |
| 7 | Knights Templar Educational Foundat Ion Of The Grand Encampment, Division Of Georgia | 811 Mulberry St, Macon, GA 31201-6726 | GA | 1964-01 | $125,000 |
| 8 | Top Ladies Of Distinction Inc, Parent | 2914 Southmore Blvd, Houston, TX 77004-7710 | TX | 1974-11 | $557,438 |
| 9 | Veterinary Scholarship Trust Of New England | PO BOX 3221, N Attleboro, MA 02761-3221 | MA | 1961-10 | $336,835 |
| 10 | South Dakota Farmers Union Foundation | 1410 Dakota Ave S, Huron, SD 57350-3661 | SD | 2001-10 | $291,539 |
| 11 | Phoenix Preparatory High Schools Inc, Chabad Tuition Organization | 2110 E Lincoln Drive, Phoenix, AZ 85016 | AZ | 1999-06 | $250,496 |
| 12 | Spanish American Institute | PO BOX 92943, Long Beach, CA 90809-2943 | CA | 1926-09 | $207,483 |
| 13 | The Carol Martin Gruodis Memorial Education Fund | C/O Mps Llp - 685 Third Ave, New York, NY 10017 | NY | 2002-05 | $201,819 |
| 14 | Thomas S Gunning Scholarship Foundation | 100 Grossman Drive, Braintree, MA 02184-4949 | MA | 2001-10 | $156,600 |
| 15 | St Mary Central Education Tuition Assistance Fund 03261998 | PO BOX 12800, Green Bay, WI 54307-2800 | WI | 1999-10 | $134,347 |
| 16 | Trans-Mississippi Turf Scholarship Fund | 2909 Cole Ave Ste 305, Dallas, TX 75204-1302 | TX | 1964-12 | $115,838 |
| 17 | Tr Ua Crafton Raynar Browne, Equitable Trust Company | PO BOX 1802, Providence, RI 02901-1802 | RI | 2000-01 | $97,648 |
| 18 | Earl And Carolyn Glenn Foundation Inc | PO BOX 1347, Decatur, GA 30031-1347 | GA | 2009-07 | $60,300 |
| 19 | Park Springs Foundation | 500 Springhouse Circle, Stone Mountain, GA 30087 | GA | 2007-11 | $21,930 |
| 20 | Samuel H Johnson Sssp Foundation | 780 Hayes Court, College Park, GA 30349 | GA | 2001-08 | $0 |
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