Prosper Education Foundation in Prosper, Texas (TX)
Table of contents:
| Prosper Education Foundation | |
| Employer Identification Number (EIN) | 752662259 |
| Name of Organization | Prosper Education Foundation |
| Address | 605 E 7th St, Prosper, TX 75078-2545 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Gifts, grants, or loans to other organizations |
| Subsection | Educational Organization |
| Ruling Date | 03/1997 |
| 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 | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $313,301 |
| Amount of Income | $85,437 |
| Form 990 Revenue Amount | $75,881 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Secondary, High School |
Non-representatives - add comments:
Amount of income in 2014: $85,437 (it was $52,575 in 2013)
| Prosper Education Foundation: | $85,437 |
| Other organizations performing similar types of work: | $732,183 |
Assets in 2014: $313,301 (it was $265,999 in 2013)
| Prosper Education Foundation: | $313,301 |
| Other organizations performing similar types of work: | $278,641 |
Expenses in 2013: $34,287
| Prosper Education Foundation: | $34,287 |
| Other organizations performing similar types of work: | $790,657 |
Income to expenses ratio in 2013: 2.5
| This organization: | 2.5 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 55.9%
| Prosper Education Foundation: | 55.9% |
| Other organizations performing similar types of work: | 1.1% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $53,029 | $50,704 |
| Contributions, gifts, grants, and similar amounts received | $38,758 | $28,324 |
| Program service revenue including government fees and contracts | $0 | $0 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $1,338 | $1,411 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $12,933 | $20,969 |
| Gross income from gaming | $0 | $0 |
| Gross income from fundraising events | $15,100 | $22,840 |
| Less: direct expenses from gaming and fundraising events | $2,167 | $1,871 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $0 | $0 |
| Total expenses | $21,677 | $34,287 |
| Total net assets | $249,582 | $265,999 |
| Excess/Deficit for the year | $31,352 | $16,417 |
| Net assets or fund balances at beginning of year | $218,230 | $249,582 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $249,582 | $265,999 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $249,582 | $265,999 |
| Total liabilities | $0 | $0 |
| Net assets or fund balances | $249,582 | $265,999 |
| Other Information | ||
| 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 |
| 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 |
| Gross receipts for public use of club facilities | $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 | $178,621 |
| Subtotal | $178,621 |
| Gifts, grants, contributions, and membership fees received | $115,000 |
| 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 | $63,621 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| 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 | $178,621 |
| Public support | $178,621 |
| 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 | Winfree Academy Charter School | 6221 Riverside Dr Ste 110, Irving, TX 75039-3529 | TX | 2000-05 | $11,299,178 |
| 2 | Houston Christian High School | 2700 W Sam Houston Pkwy N, Houston, TX 77043-1608 | TX | 1998-01 | $9,237,188 |
| 3 | Salvaging Teens At Risk Inc | 100 East Park, Little Elm, TX 75068-5048 | TX | 2000-03 | $6,100,640 |
| 4 | Southeast Educational Foundation, Legacy Christian Academy | 8200 Highway 105, Beaumont, TX 77713-9255 | TX | 2007-05 | $3,076,628 |
| 5 | Vanguard College Preparatory School | 2517 Mount Carmel Dr, Waco, TX 76710-1507 | TX | 1975-04 | $2,624,149 |
| 6 | Mount Carmel Academy | 7155 Ashburn St, Houston, TX 77061-2611 | TX | 2009-07 | $2,339,630 |
| 7 | Texas Torah Institute | 6506 Frankford Rd, Dallas, TX 75252-5845 | TX | 2004-01 | $1,823,255 |
| 8 | Texas Spring Corporation | 4620 Park Springs Blvd, Arlington, TX 76017-1505 | TX | 2008-10 | $475,910 |
| 9 | The Austin School For The Performin G & Visual Arts | 1110 Guadalupe St, Austin, TX 78701 | TX | 2006-12 | $271,876 |
| 10 | Tecnologico De Monterrey Inc | 5450 Hurd Pl, El Paso, TX 79912-5767 | TX | 2013-12 | $249,254 |
| 11 | Peace Foundation Inc | 701 N Plano Rd, Richardson, TX 75081-2944 | TX | 2006-02 | $234,971 |
| 12 | Bnos Yisroel Of Houston Inc | 10101 Fondren Rd Ste 136, Houston, TX 77096-4507 | TX | 2007-11 | $218,318 |
| 13 | Talent Unbound | 5503 Three Oaks Cir, Houston, TX 77069-2724 | TX | 2014-11 | $198,934 |
| 14 | Montessori Middle School Of Odessa | 4010 Melody Ln, Odessa, TX 79762-5766 | TX | 2013-03 | $198,884 |
| 15 | Reinlaender Mennonite School West Side Inc | PO BOX 161, Seminole, TX 79360-0161 | TX | 2007-06 | $175,144 |
| 16 | Pcca Inc, Providence Classical Academy | 3111 S 14th St, Abilene, TX 79605-4035 | TX | 2012-05 | $131,597 |
| 17 | Because Houston Loves You | PO BOX 3731, Houston, TX 77253-3731 | TX | 2008-08 | $107,630 |
| 18 | Academic Excellence Scholarships | 14101 Canonade, Austin, TX 78737-2643 | TX | 2010-07 | $45,056 |
| 19 | Wings For Love Christian School Inc | 8836 Hidden Hill Dr, Fort Worth, TX 76179-2916 | TX | 2003-10 | $28,284 |
| 20 | Westfield Athletic Booster Club | PO BOX 90183, Houston, TX 77290-0183 | TX | 1982-07 | $27,208 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 992 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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