Perico Institute For Youth Developement & Entrepreneurship in Jackson, Mississippi (MS)
Table of contents:
Perico Institute For Youth Developement & Entrepreneurship | |
Employer Identification Number (EIN) | 522255046 |
Name of Organization | Perico Institute For Youth Developement & Entrepreneurship |
In Care of Name | Charles L Perry |
Address | 350 W Woodrow Wilson Ave Ste 300, Jackson, MS 39213-7683 |
Subsection | Charitable Organization |
Ruling Date | 05/2003 |
Deductibility | Contributions are deductible |
Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2013 |
Assets | $1 to $9,999 |
Income | $25,000 to $99,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $368 |
Amount of Income | $64,878 |
Form 990 Revenue Amount | $63,610 |
National Taxonomy of Exempt Entities (NTEE) | Youth Development: Youth Development - Business |
Non-representatives - add comments:
Amount of income in 2013: $64,878 (it was $103,550 in 2012)
Perico Institute For Youth Developement & Entrepreneurship: | $64,878 |
Other organizations performing similar types of work: | $83,394 |
Assets in 2013: $368 (it was $3,688 in 2012)
Perico Institute For Youth Developement & Entrepreneurship: | $368 |
Other organizations performing similar types of work: | $28,254 |
Expenses in 2013: $67,379
This organization: | $67,379 |
Other organizations performing similar types of work: | $67,379 |
Income to expenses ratio in 2013: 1.0
Perico Institute For Youth Developement & Entrepreneurship: | 1.0 |
Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2013: 93.4%
This organization: | 93.4% |
Other organizations performing similar types of work: | 75.6% |
Revenue for 2013
Support schedule
Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total revenue | $108,119 | $101,485 | $63,610 |
Contributions, gifts, grants, and similar amounts received | $24,501 | $100,050 | $59,382 |
Program service revenue including government fees and contracts | $88,365 | $400 | $1,181 |
Membership dues and assessments | $0 | $0 | $0 |
Investment income | $3 | $0 | $0 |
Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
Net income/loss from gaming and fundraising events | $-4,750 | $-1,565 | $1,219 |
Gross income from gaming | $0 | $0 | $0 |
Gross income from fundraising events | $5,711 | $500 | $2,487 |
Less: direct expenses from gaming and fundraising events | $10,461 | $2,065 | $1,268 |
Gross profit/loss from sales of inventory | $0 | $0 | $0 |
Other revenue | $0 | $2,600 | $1,828 |
Total expenses | $114,549 | $114,873 | $67,379 |
Total net assets | $9,351 | $-4,841 | $-8,509 |
Excess/Deficit for the year | $-6,430 | $-13,388 | $-3,769 |
Net assets or fund balances at beginning of year | $10,149 | $9,351 | $-4,841 |
Other changes in net assets or fund balances | $5,632 | $-804 | $101 |
Net assets or fund balances at end of year | $-4,841 | $-8,509 |
Balance Sheets | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total assets | $9,730 | $3,688 | $-368 |
Total liabilities | $379 | $8,529 | $8,141 |
Net assets or fund balances | $9,351 | $-4,841 | $-8,509 |
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? | Yes | Yes | |
Total amount involved | $3,500 | $2,887 | |
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 a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
Number of organizations supported | 0 |
Sum of amounts of support | $0 |
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
2009 - 2013 Total | |
---|---|
Public Support | $439,707 |
Subtotal Support | $439,707 |
Gifts, grants, contributions, and membership fees received | $439,707 |
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 |
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
Total Support | $448,715 |
Public Support | $439,707 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $12 |
Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
Other income. Do not include gain or loss from the sale of capital assets | $8,996 |
Gross receipts from related activities, etc. | $0 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Young Entrepreneurs Academy Inc | 400 White Spruce Blvd Ste C, Rochester, NY 14623-1619 | NY | 2009-03 | $1,484,956 |
2 | Spy Hop Productions Inc | 511 West 200 South, Salt Lake City, UT 84101-1185 | UT | 2000-08 | $1,250,585 |
3 | Youth Venture Inc | 1700 N Moore St Ste 2000, Arlington, VA 22209-1921 | VA | 1995-07 | $1,194,932 |
4 | Young Americas Business Trust | 1889 F St Nw, Washington, DC 20006-4401 | DC | 1999-11 | $884,549 |
5 | Bizdom U Fund | 5260 Anthony Wayne Drive, Detroit, MI 48202 | MI | 2009-06 | $878,634 |
6 | Old Skool Cafe | 945 Key Av, San Franciscol, CA 94124 | CA | 2006-10 | $704,757 |
7 | Kiddie Hawk Air Academy | 7791 S Race St, Centennial, CO 80122 | CO | 1999-04 | $691,902 |
8 | Bowling Green Area Chamber Foundation Inc | 710 College Street, Bowling Green, KY 42101 | KY | 2007-06 | $497,457 |
9 | Teen Up-Ward Bound Inc | 717 Opa Locka Blvd, Opa Locka, FL 33054-3907 | FL | 2001-09 | $467,405 |
10 | Idaho Business Coalition For Education Excellence Inc | PO BOX 190163, Boise, ID 83719 | ID | 2007-06 | $433,173 |
11 | Sweat Equity Enterprises | 32 Havemeyer, Brooklyn, NY 11211-2175 | NY | 2006-02 | $371,230 |
12 | Startup Corps Inc | 404 E Flora St, Philadelphia, PA 19125-3316 | PA | 2010-07 | $245,164 |
13 | Ywca Of Fort Worth And Tarrant County Ice Cream Co | 512 W 4th St, Fort Worth, TX 76102-3613 | TX | 2004-07 | $220,201 |
14 | Foundation For Junior Achievement | 285 S 68th Street Suite 580, Lincoln, NE 68510 | NE | 2005-08 | $167,022 |
15 | Think Forward Foundation Inc | 1150 W 116th St, Carmel, IN 46032-9512 | IN | 2010-08 | $165,266 |
16 | Nmotion Inc | 800 P St Ste 300, Lincoln, NE 68508-1481 | NE | 2014-06 | $152,719 |
17 | Youth Corps | PO BOX 50964, Columbia, SC 29250-0964 | SC | 2006-01 | $152,495 |
18 | Great Dallas Taiwanese Chamber Of Commerce | 2308 Morning Glory Dr, Richardson, TX 75082-2310 | TX | 2012-11 | $146,904 |
19 | Doctor Development Nfp, Camp Cardiac | 1347 N Greenview Avenue 2f, Chicago, IL 60642 | IL | 2011-06 | $142,150 |
20 | Perico Institute For Youth Developement & Entrepreneurship | 350 W Woodrow Wilson Ave Ste 300, Jackson, MS 39213-7683 | MS | 2003-05 | $64,878 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 372 |
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