Ivy Educational And Charitable Foundation Of Houston Inc in Richmond, Texas (TX)

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Ivy Educational And Charitable Foundation Of Houston Inc
Employer Identification Number (EIN)760030162
Name of OrganizationIvy Educational And Charitable Foundation Of Houston Inc
Address21126 Indigo Field Ln, Richmond, TX 77407-7156
ActivitiesScholarships (other)
SubsectionEducational Organization
Ruling Date10/1982
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 Period12/2013
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$209,609
Amount of Income$162,020
Form 990 Revenue Amount$94,876


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Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$52,347$60,533$94,876
Contributions, gifts, grants, and similar amounts received$24,617$9,120$25,206
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$28$11$16
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$27,652$50,447$66,842
Gross income from gaming$0$0$0
Gross income from fundraising events$76,947$107,253$133,986
Less: direct expenses from gaming and fundraising events$49,295$56,806$67,144
Gross profit/loss from sales of inventory$0$0$0
Other revenue$50$955$2,812
Total expenses$42,044$36,438$68,694
Total net assets$136,057$175,288$209,609
Excess/Deficit for the year$10,303$24,095$26,182
Net assets or fund balances at beginning of year$120,344$136,057$175,288
Other changes in net assets or fund balances$5,410$15,136$8,139
Net assets or fund balances at end of year$175,288$209,609
Balance Sheets
201120122013
Total assets$136,057$175,288$209,609
Total liabilities$0$0$0
Net assets or fund balances$136,057$175,288$209,609
Other Information
201120122013
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 2013)
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 supported4
Sum of amounts of support$5,200
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