Prep Institute Inc in Pennsauken, New Jersey (NJ)
Table of contents:
| Prep Institute Inc | |
| Employer Identification Number (EIN) | 522240087 |
| Name of Organization | Prep Institute Inc |
| In Care of Name | Tammy Colquitt |
| Address | 6500 Madison Ave Ste 13, Pennsauken, NJ 08109-2766 |
| Subsection | Charitable Organization |
| Ruling Date | 08/2000 |
| 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 | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $101,673 |
| Amount of Income | $110,458 |
| Form 990 Revenue Amount | $96,253 |
| National Taxonomy of Exempt Entities (NTEE) | Employment, Job-Related: Vocational Counseling, Guidance and Testing |
Non-representatives - add comments:
Amount of income in 2014: $110,458 (it was $111,242 in 2013)
| Prep Institute Inc: | $110,458 |
| Other organizations performing similar types of work: | $87,400 |
Assets in 2014: $101,673 (it was $109,173 in 2013)
| This organization: | $101,673 |
| Other organizations performing similar types of work: | $41,248 |
Expenses in 2013: $123,744
| This organization: | $123,744 |
| Other organizations performing similar types of work: | $116,232 |
Income to expenses ratio in 2013: 0.9
| Prep Institute Inc: | 0.9 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 18.4%
| This organization: | 18.4% |
| Other organizations performing similar types of work: | 8.1% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $85,610 | $118,340 | $111,242 |
| Contributions, gifts, grants, and similar amounts received | $9,286 | $17,119 | $20,471 |
| Program service revenue including government fees and contracts | $67,125 | $97,703 | $82,415 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $5,491 | $719 | $5,089 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $8,205 | $2,201 | $10,485 |
| Less: direct expenses from gaming and fundraising events | $2,714 | $1,482 | $5,396 |
| Gross profit/loss from sales of inventory | $3,708 | $2,799 | $3,267 |
| Gross sales of inventory, less returns and allowances | $3,708 | $2,799 | $3,267 |
| Less: cost of goods sold | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $71,837 | $115,792 | $123,744 |
| Total net assets | $108,236 | $110,784 | $98,282 |
| Excess/Deficit for the year | $13,773 | $2,548 | $-12,502 |
| Net assets or fund balances at beginning of year | $94,463 | $108,236 | $110,784 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $110,784 | $98,282 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $111,203 | $110,784 | $109,173 |
| Total liabilities | $2,967 | $0 | $10,891 |
| Net assets or fund balances | $108,236 | $110,784 | $98,282 |
| 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 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 | $71,350 |
| Subtotal Support | $71,350 |
| Gifts, grants, contributions, and membership fees received | $71,350 |
| 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 | $425,982 |
| Public Support | $71,350 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 | $354,632 |
| 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 | Upwardly Global | 582 Market St Ste 1207, San Francisco, CA 94104-5313 | CA | 2000-03 | $3,465,113 |
| 2 | Madera County Workforce Investment Corporation | 441 E Yosemite Ave, Madera, CA 93638-3604 | CA | 2012-08 | $2,729,340 |
| 3 | Womens Enterprise Development Center Inc | 1133 Westchester Ave Ste N220, White Plains, NY 10604-3556 | NY | 2000-03 | $986,746 |
| 4 | Washington Interfaith Network | 1226 Vermont Ave Nw, Washington, DC 20005-3615 | DC | 1997-03 | $587,693 |
| 5 | The Heidi Group Inc | PO BOX 2050, Round Rock, TX 78680-2050 | TX | 1996-01 | $403,748 |
| 6 | Dress For Success Philadelphia Inc | 233 N 12th St, Philadelphia, PA 19107-1722 | PA | 2014-09 | $314,525 |
| 7 | Street Beat Inc | 205 Se 3rd Ave Ste C, South Bay, FL 33493-2303 | FL | 1997-02 | $260,186 |
| 8 | Project Genesis Inc | 820 Yorkshire Drive, Lima, OH 45804 | OH | 2001-11 | $238,745 |
| 9 | Landrum Foundation Inc | 9416 S Rhodes, Chicago, IL 60619 | IL | 1997-09 | $211,463 |
| 10 | Womens Audio Mission | 542 Natoma St # 544, San Francisco, CA 94103-2817 | CA | 2004-12 | $192,876 |
| 11 | America In Recovery Incorporated | 6901 Alabonson Rd, Houston, TX 77088-6502 | TX | 2005-03 | $183,280 |
| 12 | Arizona Career Pathways | 108 N 40th St So Bldg Rm 1146, Phoenix, AZ 85034-1704 | AZ | 2011-06 | $173,770 |
| 13 | Kc Black Expo | 3400 Paseo Blvd, Kansas City, MO 64109-2429 | MO | 2010-09 | $160,996 |
| 14 | Prep Institute Inc | 6500 Madison Ave Ste 13, Pennsauken, NJ 08109-2766 | NJ | 2000-08 | $110,458 |
| 15 | Careercatchers Inc | 8720 Georgia Ave Ste 205, Silver Spring, MD 20910-3614 | MD | 2009-08 | $87,400 |
| 16 | Material Handling Society New Jersey Inc, John Castagna | 64 Courtshire Dr, Brick, NJ 08723-7138 | NJ | 2013-12 | $39,868 |
| 17 | Hispanic Development Corporation | 233 West Market Street, Newark, NJ 07103 | NJ | 1995-04 | $27,791 |
| 18 | Amethyst House Of New Jersey Inc | PO BOX 125, Montclair, NJ 07042-0125 | NJ | 2004-07 | $0 |
| 19 | Korean American Community Services Center Of Southern New Jersey | PO BOX 2044, Cherry Hill, NJ 08034 | NJ | 1999-06 | $0 |
| 20 | Tip Of The Arrow Foundation Inc | 231 Powerville Road, Boonton, NJ 07005 | NJ | 2009-05 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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