Prospect Schools Inc in Brooklyn, New York (NY)
Table of contents:
Prospect Schools Inc | |
Employer Identification Number (EIN) | 331174065 |
Name of Organization | Prospect Schools Inc |
Address | 3002 Fort Hamilton Pkwy, Brooklyn, NY 11218-1608 |
Subsection | Charitable Organization |
Ruling Date | 11/2008 |
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 | $500,000 to $999,999 |
Income | $100,000 to $499,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $507,691 |
Amount of Income | $300,195 |
Form 990 Revenue Amount | $284,912 |
National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2014: $300,195 (it was $144,247 in 2013)
Prospect Schools Inc: | $300,195 |
Other organizations performing similar types of work: | $86,203 |
Assets in 2014: $507,691 (it was $348,637 in 2013)
This organization: | $507,691 |
Other organizations performing similar types of work: | $53,182 |
Expenses in 2013: $60,211
This organization: | $60,211 |
Other organizations performing similar types of work: | $53,420 |
Income to expenses ratio in 2013: 5.0
This organization: | 5.0 |
Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 104.1%
Prospect Schools Inc: | 104.1% |
Other organizations performing similar types of work: | 12.0% |
Revenue for 2013
Support schedule
Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total revenue | $88,819 | $111,301 | $144,247 |
Contributions, gifts, grants, and similar amounts received | $93,341 | $110,311 | $150,164 |
Program service revenue including government fees and contracts | $0 | $0 | $0 |
Membership dues and assessments | $0 | $0 | $0 |
Investment income | $434 | $454 | $566 |
Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
Net income/loss from gaming and fundraising events | $-4,956 | $536 | $-6,483 |
Gross income from gaming | $0 | $0 | $0 |
Gross income from fundraising events | $0 | $6,912 | $3,570 |
Less: direct expenses from gaming and fundraising events | $4,956 | $6,376 | $10,053 |
Gross profit/loss from sales of inventory | $0 | $0 | $0 |
Other revenue | $0 | $0 | $0 |
Total expenses | $10,685 | $59,691 | $60,211 |
Total net assets | $207,991 | $259,601 | $343,637 |
Excess/Deficit for the year | $78,134 | $51,610 | $84,036 |
Net assets or fund balances at beginning of year | $129,857 | $207,991 | $259,601 |
Other changes in net assets or fund balances | $0 | $0 | $0 |
Net assets or fund balances at end of year | $259,601 | $343,637 |
Balance Sheets | |||
2011 | 2012 | 2013 | |
---|---|---|---|
Total assets | $212,991 | $266,354 | $348,637 |
Total liabilities | $5,000 | $6,753 | $5,000 |
Net assets or fund balances | $207,991 | $259,601 | $343,637 |
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 | $495,851 |
Subtotal Support | $495,851 |
Gifts, grants, contributions, and membership fees received | $495,851 |
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 | $497,572 |
Public Support | $495,851 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,721 |
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 | $0 |
Gross receipts from related activities, etc. | $0 |
Write your review! |
|
Recently Added Reviews |
Grace Fellowship Ministries Inc in Brooklyn, NY |
Triune Mystical Order Of St Gabriel Sprititual Church Inc in Brooklyn, NY
|
Keren Zichron Aryeh Leib, Dba Samchainu in Brooklyn, NY |
Catholic Daughters Of The Americas in Brooklyn, NY
|
Families Fathers & Children Inc in Brooklyn, NY
|
Daniel Church Of God In Christ Inc in Brooklyn, NY |
Shannon T Braithwaite in Brooklyn, NY |
Magen Avrohom Foundation in Brooklyn, NY |
Moore 4 You Community Development Corporation in Brooklyn, NY
|
Matt Talbot Retreat Movement Inc Group 74, Matt Talbot Retreat Movement in Brooklyn, NY |
Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Western Carolina University Research & Development Corporation | Hfr Administration Bldg Ste 312, Cullowhee, NC 28723 | NC | 2002-08 | $3,575,122 |
2 | Home Run Projects Inc | 333 East 100th Street, New York, NY 10029 | NY | 2013-08 | $18,385,919 |
3 | Xposure Foundation Inc | 12116 97th Ave, S Richmond Hl, NY 11419-1321 | NY | 2007-10 | $536,654 |
4 | P S 39 Parent Association Inc | 417 Sixth Avenue, Brooklyn, NY 11215 | NY | 2007-08 | $219,408 |
5 | Rockland Jewish Academy Foundation | 450 W Nyack Road, West Nyack, NY 10994-1754 | NY | 2013-02 | $210,602 |
6 | Friends Of Good Shepherd School-Inwood New York City Inc | 954 Lexington Avenue No 252, New York, NY 10021-5055 | NY | 2011-07 | $117,541 |
7 | American Friends Of Rabbinical College Netiv Hadaat Inc | 1451-47 St, Brooklyn, NY 11219 | NY | 2011-10 | $106,470 |
8 | Averill Park Education Foundation | Po Box 56, Averill Park, NY 12018 | NY | 2001-04 | $84,269 |
9 | Mattituck Cutchogue Athletic Booster Club Inc | PO BOX 1241, Mattituck, NY 11952-0922 | NY | 2005-09 | $62,612 |
10 | Spencerport Junior Rangers | 8 Silent Meadows Dr, Spencerport, NY 14559-9570 | NY | 2010-04 | $56,791 |
11 | Council Of Parent Teacher Org Niskayuna School District Inc, Craig School Parent Teacher Organiz | 2566 Balltown Rd, Niskayuna, NY 12309-1002 | NY | 2003-09 | $53,280 |
12 | Weston T Hyde Oswego County Educational Foundation | PO BOX 3124, Oswego, NY 13126-0795 | NY | 2003-01 | $29,518 |
13 | American Friends Of The Royal Hospital Chelsea Inc | 84 Business Park Dr, Armonk, NY 10504-1702 | NY | 2011-10 | $15,000 |
14 | Aiyer Foundation | 459-72 St, Brooklyn, NY 11209 | NY | 2009-04 | $10,000 |
15 | Schoolsports Foundation Inc | 27 W 72nd St Ste 1102, New York, NY 10023-3498 | NY | 2006-05 | $2,005 |
16 | Tools For Schools Inc | Po Box 090853, Brooklyn, NY 11209 | NY | 1999-11 | $606 |
17 | Jill R Mcdermott Memorial Fund | 1536 W Bloomfield Rd, Honeoye Falls, NY 14472-9212 | NY | 2011-01 | $304 |
18 | Association Montessori International Of The United States | 455 Park Avenue 9th Floor, New York, NY 10022 | NY | 2010-10 | $0 |
19 | Ballston Spa Central Schools Supporters Of Fine Arts | 1118 Rock City Road, Rock City Falls, NY 12863 | NY | 2004-04 | $0 |
20 | Batavia Grace Ann Foundation, Marys Grace School | 8221 Lewiston Rd, Batavia, NY 14020-1251 | NY | 2006-06 | $0 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 1,005 |
Organization representatives - add corrected or new information about Prospect Schools Inc »
Non-representatives - add comments about Prospect Schools Inc»