Ivg Foundation Inc in Cedar Hill, Texas (TX)

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Ivg Foundation Inc
Employer Identification Number (EIN)274103775
Name of OrganizationIvg Foundation Inc
In Care of NameKito Gary
Address803 Nafus St, Cedar Hill, TX 75104-6007
SubsectionEducational Organization
Ruling Date10/2011
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$1 to $9,999
Income$1 to $9,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$4,501
Amount of Income$2,900
Form 990 Revenue Amount$2,900
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Education (Not Elsewhere Classified)


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Financial snapshot for 2011 ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$2,900
Contributions, gifts, grants, and similar amounts received$2,900
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$0
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$8,401
Total net assets$4,501
Deficit for the year$-5,501
Net assets or fund balances at beginning of year$10,002
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$4,501
Total liabilities$0
Net assets or fund balances$4,501
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
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)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$3,000
Gifts, grants, contributions, and membership fees received$3,000
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Gross receipts from related activities, etc.$0
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