South Panola Foundation For Public Education Inc in Batesville, Mississippi (MS)
Table of contents:
| South Panola Foundation For Public Education Inc | |
| Employer Identification Number (EIN) | 640792542 |
| Name of Organization | South Panola Foundation For Public Education Inc |
| In Care of Name | J Gary Kornegay |
| Address | PO BOX 156, Batesville, MS 38606-0156 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 04/1992 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $98,365 |
| Amount of Income | $9,982 |
| Form 990 Revenue Amount | $9,982 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Public Foundations |
Non-representatives - add comments:
Amount of income in 2014: $9,982 (it was $13,737 in 2013)
| South Panola Foundation For Public Education Inc: | $9,982 |
| Other organizations performing similar types of work: | $124,396 |
Assets in 2014: $98,365 (it was $100,216 in 2013)
| This organization: | $98,365 |
| Other organizations performing similar types of work: | $313,863 |
Expenses in 2014: $11,833
| South Panola Foundation For Public Education Inc: | $11,833 |
| Other organizations performing similar types of work: | $64,100 |
Income to expenses ratio in 2014: 0.8
| This organization: | 0.8 |
| Other organizations performing similar types of work: | 1.5 |
Grants share in income in 2014: 99.1%
| South Panola Foundation For Public Education Inc: | 99.1% |
| Other organizations performing similar types of work: | 0.6% |
Revenue for 2014
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $14,784 | $10,295 | $13,737 | $9,982 |
| Contributions, gifts, grants, and similar amounts received | $14,434 | $10,049 | $13,568 | $9,889 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $350 | $246 | $169 | $93 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $25,312 | $24,709 | $11,372 | $11,833 |
| Total net assets | $112,265 | $97,851 | $100,216 | $98,365 |
| Excess/Deficit for the year | $-10,528 | $-14,414 | $2,365 | $-1,851 |
| Net assets or fund balances at beginning of year | $122,793 | $112,265 | $97,851 | $100,216 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $97,851 | $100,216 | $98,365 | |
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $112,265 | $97,851 | $100,216 | $98,365 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $112,265 | $97,851 | $100,216 | $98,365 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | 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 | No | |
| Total amount involved | $0 | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $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 | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
| Number of organizations supported | 1 |
| Sum of amounts of support | $11,733 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Tony Patino Fellowship Trust 783352 | PO BOX 1297, New York, NY 10008-1297 | NY | 1997-10 | $1,573,984 |
| 2 | Pakis Family Foundation | 2201 E Camelback Rd Ste 405b, Phoenix, AZ 85016-3431 | AZ | 1997-02 | $27,278,652 |
| 3 | The James I Harrison Family Foundation Inc | 3925 Rice Mine Rd Ne, Tuscaloosa, AL 35406-1523 | AL | 1997-10 | $9,979,448 |
| 4 | The Clarence & Martha Jones Family Foundation | 6170 Chaise Ct, Reno, NV 89519-7329 | NV | 1996-07 | $7,227,624 |
| 5 | Scott & Suling Mead Foundation | PO BOX 73, New York, NY 10274-0073 | NY | 1998-03 | $5,724,413 |
| 6 | The Schechter Institutes Inc | 2300 Computer Ave No D-18, Willow Grove, PA 19090-1736 | PA | 1995-10 | $5,548,333 |
| 7 | Reading Terminal Market Corporation | 12th And Arch Streets, Philadelphia, PA 19107 | PA | 1994-10 | $4,953,714 |
| 8 | Copiah County Human Resource Agency | PO BOX 448, Hazlehurst, MS 39083-0448 | MS | 1996-10 | $1,017,116 |
| 9 | Favre 4 Hope Inc | 2300 20th St, Gulfport, MS 39501-2931 | MS | 1997-04 | $642,190 |
| 10 | J P Hudson Memorial Park Inc | PO BOX 294, Batesville, MS 38606-0294 | MS | 1994-08 | $164,044 |
| 11 | Mississippi Hearts Against Aids | PO BOX 13371, Jackson, MS 39236-3371 | MS | 1997-03 | $54,547 |
| 12 | Starkville Foundation For Public Education | P O Box 2307, Starkville, MS 39759 | MS | 1990-07 | $41,168 |
| 13 | Myers Fdn For Indigent Health Care And Community Devleopment Inc | Po Box 269, Belzoni, MS 39038 | MS | 1992-03 | $31,336 |
| 14 | South Panola Foundation For Public Education Inc | PO BOX 156, Batesville, MS 38606-0156 | MS | 1992-04 | $9,982 |
| 15 | Columbia-Marion County Development Foundation Inc | PO BOX 272, Columbia, MS 39429-0272 | MS | 1995-01 | $1 |
| 16 | L B Jones Collection Charitable Trust, Pittman John R Co-Ttee | 915 Medallion Dr, Greenwood, MS 38930-2104 | MS | 1997-08 | $1 |
| 17 | Baldwyn Endowment For Excellence In Education Inc | P O Box 340, Baldwyn, MS 38824 | MS | 1991-04 | $0 |
| 18 | Covington County Educational Foundation Inc | PO BOX 550, Collins, MS 39428-0550 | MS | 1992-03 | $0 |
| 19 | Hashabniah | PO BOX 55, Jayess, MS 39641-0055 | MS | 1992-01 | $0 |
| 20 | The Tom Dulin Foundation For Excellence In Education Inc | Po Box 625, Winona, MS 38967 | MS | 1991-07 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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