Desoto Isd Education Foundation Inc in Desoto, Texas (TX)
Table of contents:
| Desoto Isd Education Foundation Inc | |
| Employer Identification Number (EIN) | 752880427 |
| Name of Organization | Desoto Isd Education Foundation Inc |
| In Care of Name | Dr Jim Hawkins |
| Address | 200 E Belt Line Rd, Desoto, TX 75115-5704 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 09/2000 |
| 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 | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $201,838 |
| Amount of Income | $50,967 |
| Form 990 Revenue Amount | $23,981 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Public Foundations |
Non-representatives - add comments:
Amount of income in 2013: $50,967 (it was $58,023 in 2012)
| Desoto Isd Education Foundation Inc: | $50,967 |
| Other organizations performing similar types of work: | $71,328 |
Assets in 2013: $201,838 (it was $224,312 in 2012)
| This organization: | $201,838 |
| Other organizations performing similar types of work: | $50,799 |
Expenses in 2013: $45,619
| Desoto Isd Education Foundation Inc: | $45,619 |
| Other organizations performing similar types of work: | $47,311 |
Income to expenses ratio in 2013: 1.1
| This organization: | 1.1 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 32.6%
| This organization: | 32.6% |
| Other organizations performing similar types of work: | 7.7% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total revenue | $35,110 | $33,598 | $30,108 | $23,981 |
| Contributions, gifts, grants, and similar amounts received | $9,596 | $14,913 | $12,680 | $7,808 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $2,968 | $1,916 | $1,420 | $1,067 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $22,346 | $16,652 | $15,891 | $15,106 |
| Gross income from gaming | $0 | $0 | $0 | $0 |
| Gross income from fundraising events | $47,430 | $41,276 | $43,806 | $42,092 |
| Less: direct expenses from gaming and fundraising events | $25,084 | $24,624 | $27,915 | $26,986 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $200 | $117 | $117 | $0 |
| Total expenses | $59,343 | $45,325 | $43,316 | $45,619 |
| Total net assets | $243,484 | $231,757 | $218,549 | $196,911 |
| Excess/Deficit for the year | $-24,233 | $-11,727 | $-13,208 | $-21,638 |
| Net assets or fund balances at beginning of year | $267,717 | $243,484 | $231,757 | $218,549 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $231,757 | $218,549 | $196,911 | |
| Balance Sheets | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total assets | $246,581 | $234,690 | $224,312 | $201,838 |
| Total liabilities | $3,097 | $2,933 | $5,763 | $4,927 |
| Net assets or fund balances | $243,484 | $231,757 | $218,549 | $196,911 |
| Other Information | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| 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 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 | $9,226 |
| Subtotal Support | $61,530 |
| Gifts, grants, contributions, and membership fees received | $61,530 |
| 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 | $52,304 |
| Total Support | $174,172 |
| Public Support | $61,530 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $14,640 |
| 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 | $98,002 |
| 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 | Roswell Park Alliance Foundation | Elm And Carlton St, Buffalo, NY 14263-0001 | NY | 1996-08 | $28,110,672 |
| 2 | Science Foundation Arizona | 400 E Van Buren St Ste 220, Phoenix, AZ 85004-2223 | AZ | 2006-11 | $7,919,015 |
| 3 | St Andrews Charitable Foundation | 6633 Delmar Blvd, St Louis, MO 63130-4505 | MO | 2008-01 | $1,344,641 |
| 4 | Tma Support Corporation | 2427 M L K Jr Ave Se, Washington, DC 20020-5815 | DC | 2006-10 | $709,645 |
| 5 | Rotary Club Of Coralsprings-Parkland Foundation Inc | 11873 Nw 2nd Ct, Coral Springs, FL 33071-8017 | FL | 2007-03 | $57,467 |
| 6 | Scott & White Healthcare | 2401 S 31st St, Temple, TX 76508-0001 | TX | 2010-04 | $269,142,303 |
| 7 | Fossil Foundation | 901 S Central Expy, Richardson, TX 75080-7302 | TX | 2013-02 | $60,447,895 |
| 8 | Highland Santa Barbara Foundation Inc | 300 Crescent Ct Ste 700, Dallas, TX 75201-7849 | TX | 2013-02 | $22,961,382 |
| 9 | United Way Foundation Of Metropolitan Dallas | 1800 N Lamar St, Dallas, TX 75202-1701 | TX | 2000-03 | $13,983,604 |
| 10 | Downtown Redevelopment Authority Mainstreet Market Square | 909 Fannin St Ste 1650, Houston, TX 77010-1024 | TX | 2001-01 | $10,249,370 |
| 11 | Rwyc Foundation | C/O Wendell Williams, Belton, TX 76513 | TX | 2003-04 | $5,519,895 |
| 12 | Technology For All-Houston Inc | 2220 Broadway St, Houston, TX 77012-3801 | TX | 1997-10 | $3,843,083 |
| 13 | Air Force Villages Charitable Foundation | 5100 John D Ryan Boulevard, San Antonio, TX 78245-3527 | TX | 2003-08 | $3,482,373 |
| 14 | The Thomas Foundation | PO BOX 797066, Dallas, TX 75379-7066 | TX | 2005-09 | $2,650,054 |
| 15 | Carry The Load Dallas | 8333 Douglas Ave Suite 342, Dallas, TX 75225 | TX | 2012-02 | $2,192,704 |
| 16 | The William Watt Matthews Foundation | 2711 Greenlee Dr, Austin, TX 78703-1611 | TX | 1999-02 | $2,094,364 |
| 17 | Ruth S Howard Fam Tr 7519899836 | PO BOX 41629, Austin, TX 78704-0028 | TX | 2013-09 | $2,066,723 |
| 18 | The Foundation For Community Empowerment | 5646 Milton St Ste 407, Dallas, TX 75206-3993 | TX | 1996-12 | $2,048,598 |
| 19 | Texas Valley Communities Foundation | 1098 W Expressway 83, Mercedes, TX 78570-2211 | TX | 2005-02 | $1,672,960 |
| 20 | Square And Compasses Holding | 4912 Spruce St, Bellaire, TX 77401-4026 | TX | 2008-03 | $1,494,780 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 13,855 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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