Magnet Schools Of Texas Inc in Wichita Falls, Texas (TX)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Other organizations in Texas
| Magnet Schools Of Texas Inc | |
| Employer Identification Number (EIN) | 742699760 |
| Name of Organization | Magnet Schools Of Texas Inc |
| In Care of Name | Glenn Hendricks |
| Address | 1653 Victory Ave, Wichita Falls, TX 76301-6154 |
| Activities | Described in section 509(a)(2) of the Code, Professional association |
| Subsection | Educational Organization |
| Ruling Date | 10/1994 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 06/2011 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $62,842 |
| Amount of Income | $1 |
| Form 990 Revenue Amount | $1 |
Non-representatives - add comments:
Expenses for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $1 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $1 | |||
| Total expenses and disbursements | $1,223 | $0 | $0 | $1,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $223 | $0 | $0 | |
| Contributions, gifts, grants paid | $1,000 | |||
| Excess of revenue over expenses and disbursements | $-1,223 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $62,842 | $62,842 |
| Cash - non-interest-bearing | $62,842 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $62,842 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2011) | |
| Distributable amount | $0 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $0 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Other organizations in Texas | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Madonna Neighborhood Centers | 1906 Castroville Rd, San Antonio, TX 78237-3626 | TX | 1946-03 | $426,211 |
| 2 | Madrones Subdivision Homeowners Association Inc | 12400 State Hwy 71 West 350 Pmb 140, Austin, TX 78738 | TX | 2000-10 | $9,023 |
| 3 | Mae V Albright Charitable Trust | PO BOX 41629, Austin, TX 78704-0028 | TX | $41,841 | |
| 4 | Mag Foundation | PO BOX 831041, Dallas, TX 75283-1041 | TX | 1957-02 | $526,298 |
| 5 | Magda Hermida Ministries Inc | 16122 Wemyss Bay Rd, Houston, TX 77095-4902 | TX | 2005-03 | $46,604 |
| 6 | Maggies House | 1302 Redwood Cir, Dallas, TX 75218-3654 | TX | 1987-11 | $842,051 |
| 7 | Magellan School | 7938 Great Northern Blvd, Austin, TX 78757-8035 | TX | 2009-07 | $5,906,049 |
| 8 | Magi Ministries International | 4845 Bellflower Way, Fort Worth, TX 76123 | TX | 2004-02 | $5,270 |
| 9 | Magic Valley Electric Cooperative Inc | PO BOX 267, Mercedes, TX 78570-0267 | TX | 1939-07 | $201,943,832 |
| 10 | Magik Children Theatre Inc The Magik Theatre, The Magic Theatre | 420 S Alamo St, San Antonio, TX 78205-3202 | TX | 1995-10 | $1,785,163 |
| 11 | Magnet Schools Of Texas Inc | 1653 Victory Ave, Wichita Falls, TX 76301-6154 | TX | 1994-10 | $1 |
| 12 | Magnificat Grapevine Chapter Of The Diocese Of Fort Worth | 425 Misty Lane, Lewisville, TX 75067 | TX | 1946-03 | $0 |
| 13 | Magnificat House | PO BOX 3486, Houston, TX 77253-3486 | TX | 1969-02 | $1,263,422 |
| 14 | Greater Magnolia Chamber Of Commerce | PO BOX 399, Magnolia, TX 77353-0399 | TX | 1995-08 | $90,181 |
| 15 | Magnolia Area Softball Association | PO BOX 57, Magnolia, TX 77353-0057 | TX | 2008-02 | $76,660 |
| 16 | Magnolia Band Booster Club | P O Box 1591, Magnolia, TX 77353 | TX | 2004-06 | $18,779 |
| 17 | Magnolia Cemetery Assn Of Katy Tx | 1415 E Avenue Ste B, Katy, TX 77493-1931 | TX | 2000-02 | $192,071 |
| 18 | Magnolia Cemetery Company | PO BOX 1734, Beaumont, TX 77704-1734 | TX | 1934-08 | $811,996 |
| 19 | Magnolia Cemetery Corporation | 9430 Stone Porch Ln, Houston, TX 77064-7493 | TX | 1940-06 | $113,202 |
| 20 | Magnolia Community Horse Club | PO BOX 756, Magnolia, TX 77353-0756 | TX | 1999-11 | $62,440 |
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