Project Pay-Itforward, Project - Payitforward in Austin, Texas (TX)
Table of contents:
| Project Pay-Itforward, Project - Payitforward | |
| Employer Identification Number (EIN) | 263819640 |
| Name of Organization | Project Pay-Itforward |
| Secondary Name | Project - Payitforward |
| In Care of Name | Robert Nelson Posey |
| Address | 2409 Pemberton Pl, Austin, TX 78703-2524 |
| Subsection | Charitable Organization |
| Ruling Date | 07/2009 |
| 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 | 12/2014 |
| Assets | $25,000 to $99,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $25,548 |
| Amount of Income | $15,305 |
| Form 990 Revenue Amount | $15,305 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2014: $15,305 (it was $60,483 in 2013)
| This organization: | $15,305 |
| Other organizations performing similar types of work: | $77,688 |
Assets in 2014: $25,548 (it was $26,815 in 2013)
| Project Pay-Itforward, Project - Payitforward: | $25,548 |
| Other organizations performing similar types of work: | $34,909 |
Expenses in 2013: $53,427
| Project Pay-Itforward, Project - Payitforward: | $53,427 |
| Other organizations performing similar types of work: | $62,187 |
Income to expenses ratio in 2013: 0.3
| This organization: | 0.3 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 83.0%
| This organization: | 83.0% |
| Other organizations performing similar types of work: | 80.0% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total revenue | $50,184 | $49,105 | $60,483 | |
| Contributions, gifts, grants, and similar amounts received | $50,184 | $47,861 | $50,209 | |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | |
| Membership dues and assessments | $0 | $0 | $0 | |
| Investment income | $0 | $0 | $0 | |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | |
| Net income/loss from gaming and fundraising events | $0 | $0 | $1,244 | $10,274 |
| Gross income from gaming | $0 | $0 | $0 | $0 |
| Gross income from fundraising events | $0 | $5,883 | $17,274 | |
| Less: direct expenses from gaming and fundraising events | $0 | $4,639 | $7,000 | |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | |
| Other revenue | $0 | $0 | $0 | |
| Total expenses | $51,274 | $38,521 | $53,427 | |
| Total net assets | $10,121 | $19,759 | $26,815 | |
| Excess/Deficit for the year | $-1,090 | $10,584 | $7,056 | |
| Net assets or fund balances at beginning of year | $11,211 | $9,175 | $19,759 | |
| Other changes in net assets or fund balances | $0 | $0 | $0 | |
| Net assets or fund balances at end of year | $19,759 | $26,815 | ||
| Balance Sheets | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total assets | $10,344 | $11,147 | $21,175 | $26,815 |
| Total liabilities | $79 | $1,026 | $1,416 | $0 |
| Net assets or fund balances | $10,121 | $19,759 | $26,815 | |
| Other Information | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | ||
| Were any significant changes made to the organizing or governing documents? | No | No | ||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | |
| Has the organization filed a Form 990-T for the year? | No | No | ||
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | ||
| Amount of political expenditures, direct or indirect | $0 | $0 | ||
| Did the organization file Form 1120-POL for this year? | 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 | ||
| 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? | No | No | ||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | ||
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $204,758 |
| Subtotal | $204,758 |
| Gifts, grants, contributions, and membership fees received | $181,601 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $0 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $23,157 |
| 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 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $204,758 |
| Public support | $204,758 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Womens Fund Of Central Ohio Inc | 2323 W 5th Ave Ste 230, Columbus, OH 43204-4998 | OH | 2002-05 | $3,350,869 |
| 2 | La Jolla Aquatic Complex Foundation | 800 Nautilus St, La Jolla, CA 92037-6158 | CA | 2000-05 | $680,669 |
| 3 | Talmud Torah Habein Yakir | 2 Van Buren Drive, Monroe, NY 10950 | NY | 2000-08 | $180,416 |
| 4 | Well Read Sistahs | 3626 Winchell Rd, Shaker Hts, OH 44122-5124 | OH | 2011-05 | $85,293 |
| 5 | Northwest Trojan Club | 5130 Nw Cabarrus Dr, Concord, NC 28027-7624 | NC | 2005-08 | $77,688 |
| 6 | Washington County Association For Continuing Education | 1707 North Shelby Street, Salem, IN 47167-5882 | IN | 2004-11 | $58,994 |
| 7 | Project Pay-Itforward, Project - Payitforward | 2409 Pemberton Pl, Austin, TX 78703-2524 | TX | 2009-07 | $15,305 |
| 8 | Organization To Promote Adult Literacy | 15573 Woodgrove Rd, Purcellville, VA 20132 | VA | 2004-07 | $12,364 |
| 9 | Los Angeles Travel And Tourism Education Foundation | 333 S Hope St Ste 1800, Los Angeles, CA 90071-1494 | CA | 2002-03 | $2 |
| 10 | Education Foundation For Korean Americans | 252 Woodstone Cir, Buffalo Grove, IL 60089-6701 | IL | 2004-01 | $1 |
| 11 | Adult Education Alliance Inc | 6240 Us Highway 6, Portage, IN 46368-5057 | IN | 2009-08 | $0 |
| 12 | Altrusa International Foundation Inc | Po Box 5833, Carmel, CA 93921 | CA | 2001-12 | $0 |
| 13 | Ashburton Foundation Inc | PO BOX 67132, Baltimore, MD 21215-0042 | MD | 2002-12 | $0 |
| 14 | Extra Innings Booster Club | 10491 Belleview Drive, New Roads, LA 70760 | LA | 2010-12 | $0 |
| 15 | Friends Of The Southeast Library | 70 Columbus St, Bedford, OH 44146-2836 | OH | 2014-08 | $0 |
| 16 | Step-Up | 718 E Second Street, Trinidad, CO 81082 | CO | 2013-12 | $0 |
| 17 | Wjnc Partners Inc | PO BOX 1154, Monticello, IN 47960-1154 | IN | 2001-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||
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| Total | 17 | ||||||||||||||||||||||
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