Mason Prep Pto in Charleston, South Carolina (SC)

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Mason Prep Pto
Employer Identification Number (EIN)571003296
Name of OrganizationMason Prep Pto
Address56 Halsey Blvd, Charleston, SC 29401-1121
ActivitiesParent or parent teachers association
SubsectionCharitable Organization
Ruling Date12/1997
DeductibilityContributions are deductible
FoundationOrganization 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
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$43,217
Amount of Income$125,728
Form 990 Revenue Amount$114,643
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Parent/Teacher Group


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Amount of income in 2014: $125,728
Mason Prep Pto: 

 $125,728
Other organizations performing similar types of work: 

 $70,354

Assets in 2014: $43,217
This organization: 

 $43,217
Other organizations performing similar types of work: 

 $32,469

Expenses in 2014: $114,936
This organization: 

 $114,936
Other organizations performing similar types of work: 

 $43,504

Income to expenses ratio in 2014: 1.1
This organization: 

 1.1
Other organizations performing similar types of work: 

 1.5

Expenses allocated to program services in 2007: 97.7%
Mason Prep Pto: 

 97.7%
Other organizations performing similar types of work: 

 92.2%

Grants share in income in 2014: 3.8%
This organization: 

 3.8%
Other organizations performing similar types of work: 

 13.0%

Financial snapshot ($)

Revenue for 2014

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201220132014
Total revenue$125,666$111,328$114,643
Contributions, gifts, grants, and similar amounts received$5,145$4,700$4,345
Program service revenue including government fees and contracts$111,408$99,572$103,522
Membership dues and assessments$0$0$0
Investment income$13$13$13
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$9,100$7,043$6,763
Gross income from gaming$0$0$0
Gross income from fundraising events$28,914$23,088$17,848
Less: direct expenses from gaming and fundraising events$19,814$16,045$11,085
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$119,236$111,793$114,936
Total net assets$43,135$42,670$42,377
Excess/Deficit for the year$6,430$-465$-293
Net assets or fund balances at beginning of year$36,705$43,135$42,670
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$42,670$42,377
Balance Sheets
201220132014
Total assets$47,489$42,670$43,217
Total liabilities$4,354$0$840
Net assets or fund balances$43,135$42,670$42,377
Other Information
201220132014
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
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 supported1
Sum of amounts of support$126,021
Revenue, Expenses, and Changes in Net Assets or Fund Balances
2001200220032004200520062007
Total revenue$93,604$126,730$116,514$133,876$125,436$111,438$126,529
Contributions, gifts, grants, and similar amounts received$0$0$0$0$3,000$0$0
Contributions to donor advised funds$0$0
Direct public support$0$0$0$0$3,000$0$0
Indirect public support$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$73,964$97,538$99,724$111,874$104,099$98,301$107,787
Membership dues and assessments$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$0$0$0$0$0$0$90
Dividends and interest from securities$0$0$0$0$0$0$0
Net rental income or (loss)$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0$0$0$0
Net income or (loss) from special events and activities$19,640$29,192$16,790$22,002$18,337$13,137$18,652
Gross revenue$55,155$71,789$70,748$54,407$32,261$25,074$40,720
Less: direct expenses other than fundraising expenses$35,515$42,597$53,958$32,405$13,924$11,937$22,068
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0
Total expenses$90,560$115,982$123,268$125,543$108,887$117,782$106,316
Program services$70,449$109,768$118,537$122,002$103,248$115,610$103,878
Management and general$15,699$6,214$4,731$3,541$5,639$2,172$2,438
Fundraising$4,412$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0
Net assets or fund balances at end of year$25,971$35,839$29,085$37,418$53,967$47,623$67,836
Excess or (deficit) for the year$3,044$10,748$-6,754$8,333$16,549$-6,344$20,213
Net assets or fund balances at beginning of year$22,927$25,971$35,839$29,085$37,418$53,967$47,623
Other changes in net assets or fund balances$0$-880$0$0$0$0$0
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$106,316$103,878$2,438$0
Grants paid from donor advised funds$0
Other grants and allocations$7,000
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$24$0$24$0
Travel$6,000$6,000$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$93,292$90,878$2,414$0
Balance Sheets
2001200220032004200520062007
Total assets$25,971$35,839$29,085$37,418$53,967$47,623$67,836
Cash - non-interest-bearing$24,018$29,583$26,142$31,509$49,101$47,623$12,746
Savings and temporary cash investments$0$0$0$0$0$0$55,090
Accounts receivable less allowance for doubtful accounts$0$0$0$20$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0
Inventories for sale or use$0$3,436$2,346$5,530$4,745$0$0
Prepaid expenses and deferred charges$0$1,985$0$0$0$0$0
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$1,953$835$597$359$121$0$0
Other assets, including program-related investments$0$0$0$0$0$0$0
Total liabilities$0$0$0$0$0$0$0
Accounts payable and accrued expenses$0$0$0$0$0$0$0
Grants payable$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0
Other liabilities$0$0$0$0$0$0$0
Total liabilities and net assets/fund balances$25,971$35,839$29,085$37,418$53,967$47,623$67,836
Total net assets or fund balances$25,971$35,839$29,085$37,418$53,967$47,623$67,836
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2001200220032004200520062007
Total revenue$0$0$0$0$0$0$0
Total revenue, gains, and other support per audited financial statements$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2001200220032004200520062007
Total expenses$0$0$0$0$0$0$0
Total expenses and losses per audited financial statements$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings5
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$90$126,439
Program service revenue
Program service revenue 1000000$000$0$107,787
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$90$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$18,652
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Type of supporting organizationType II
Information about the supported organizations
Employer identification number (EIN)Name of organizationType of organizationIs the supported organization listed in the supporting organization's governing documents?Amount of support
570447248Mason Preparatory SchoolNo$0
Total$0
Support Schedule
2000200120022003200420052006
Total$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Mason Prep Pto56 Halsey Blvd, Charleston, SC 29401-1121SC1997-12$125,728
2Trustees Of The Free Public Library Of The Township Of East Brunswick, East Brunswick Public Library2 Jean Walling Civic Ctr Dr, East Brunswick, NJ 08816NJ1992-12$4,383,696
3The Parent Teacher Association Of Ps 41 Manhattan116 W 11th St, New York, NY 10011-8306NY1994-01$1,080,624
4Westlake Chap Club Inc4100 Westlake Dr, Austin, TX 78746-1222TX1998-03$864,063
5Touchdown Club Of Oklahoma4334 Nw Expressway 285, Oklahoma City, OK 73116OK1949-08$726,506
6Wellington Pto Inc121 Orchard St, Belmont, MA 02478-2902MA1993-01$720,174
7Washington Childrens Center Inc401 S Prairie Ave, Pueblo, CO 81005-1343CO1971-03$510,030
8Stevens Pta 6 15 3271242 18th Ave E, Seattle, WA 98112-3321WA1983-06$385,962
9South Carolina Congress Of Parents And Teachers201 Burdine Dr, Greenville, SC 29611SC1979-05$273,292
10Brookland Cayce High School Education FoundationPO BOX 2482, West Columbia, SC 29171-2482SC1998-10$128,072
11South Carolina Congress Of Parents And Teachers, Sterling Center Pta99 John Mccarroll Way, Greenville, SC 29607-2283SC1979-05$84,680
12Satchel Ford Elementary School Pto Inc5901 Satchelford Rd, Columbia, SC 29206-1510SC1995-09$79,937
13South Carolina Congress Of Parents And Teachers, Charles Pinckney Elementary School3300 Thomas Cairo Blvd, Mt Pleasant, SC 29466-6981SC1979-05$69,068
14Dutch Fork Elementary School Pto7900 Broad River Rd, Irmo, SC 29063-2355SC1998-10$48,323
15The Campus R Irmo Middle School Parent Teacher Student Organizatio6051 Wescott Road, Columbia, SC 29212SC1990-01$15,552
16Friends Of 7 Inc305 Mossycup Oak Ct, Spartanburg, SC 29306-6627SC1997-12$160
17Cannons Elementary School Parent Teacher Organization, Cannons Elementary School1351 Old Converse Rd, Spartanburg, SC 29307-3205SC1994-05$0
18Eagle-Bulldog Band Booster Club, Ghs Band BoostersPo Box 2338, Georgetown, SC 29440SC1998-06$0
19Pta South Carolina Congress, Pocalla Springs Prima2060 Bethel Church Rd, Sumter, SC 29154-8910SC1979-05$0
20Starr Elementary Pto202 Peartree Ln, Anderson, SC 29625-5426SC1998-08$0
Number of organizations performing similar types of work
Alaska14
Alabama11
Arkansas2
Arizona27
California151
Colorado19
Connecticut22
District of Columbia7
Delaware4
Florida26
Georgia25
Hawaii7
Iowa13
Idaho3
Illinois289
Indiana60
Kansas15
Kentucky6
Louisiana9
Massachusetts61
Maryland22
Maine5
Michigan39
Minnesota27
Missouri38
Mississippi5
Montana3
North Carolina24
North Dakota3
Nebraska11
New Hampshire17
New Jersey52
New Mexico7
Nevada4
New York68
Ohio72
Oklahoma8
Oregon26
Pennsylvania67
Rhode Island5
South Carolina13
South Dakota8
Tennessee17
Texas117
Utah81
Virginia34
Washington213
Wisconsin19
West Virginia23
Wyoming2
Total1,801

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