San Angelo Schools Foundation in San Angelo, Texas (TX)

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San Angelo Schools Foundation
Employer Identification Number (EIN)752184551
Name of OrganizationSan Angelo Schools Foundation
In Care of NameDEBBI MEADS
Address5413 Beverly Dr, San Angelo, TX 76904
Websitehttp://www.saschoolsfoundation.org
ActivitiesGifts, grants, or loans to other organizations, Described in section 170(b)1)(a)(vi) of the Code, Booster club
SubsectionCharitable Organization
Ruling Date09/1987
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2012
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$310,706
Amount of Income$107,269
Form 990 Revenue Amount$104,945


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Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2013
Total revenue$104,945
Contributions, gifts, grants, and similar amounts received$22,803
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$59,114
Gain/Loss from sale of assets other than inventory$0
Net income/loss from gaming and fundraising events$22,826
Gross income from gaming$0
Gross income from fundraising events$25,150
Less: direct expenses from gaming and fundraising events$2,324
Gross profit/loss from sales of inventory$0
Other revenue$202
Total expenses$48,936
Total net assets$310,031
Excess/Deficit for the year$56,009
Net assets or fund balances at beginning of year$272,232
Other changes in net assets or fund balances$-18,210
Net assets or fund balances at end of year$310,031
Balance Sheets
2013
Total assets$310,706
Total liabilities$675
Net assets or fund balances$310,031
Other Information
2013
Did the organization engage in any significant activity not previously reported to the IRS?No
Were any significant changes made to the organizing or governing documents?No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Has the organization filed a Form 990-T for the year?No
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?No
Amount of political expenditures, direct or indirect$0
Did the organization file Form 1120-POL for this year?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
Total amount involved$0
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$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
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
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 supported1
Sum of amounts of support$0
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