Texas Thoroughbred Educational Fund in Austin, Texas (TX)
Table of contents:
| Texas Thoroughbred Educational Fund | |
| Employer Identification Number (EIN) | 760778210 |
| Name of Organization | Texas Thoroughbred Educational Fund |
| In Care of Name | William J Tracy |
| Address | 4009 Banister Ln, Austin, TX 78704-7040 |
| Subsection | Charitable Organization |
| Ruling Date | 10/2006 |
| 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 | 08/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $82,025 |
| Amount of Income | $57,668 |
| Form 990 Revenue Amount | $57,234 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2013: $57,668 (it was $64,419 in 2012)
| Texas Thoroughbred Educational Fund: | $57,668 |
| Other organizations performing similar types of work: | $69,198 |
Assets in 2013: $82,025 (it was $53,291 in 2012)
| Texas Thoroughbred Educational Fund: | $82,025 |
| Other organizations performing similar types of work: | $35,127 |
Expenses in 2013: $28,500
| Texas Thoroughbred Educational Fund: | $28,500 |
| Other organizations performing similar types of work: | $43,494 |
Income to expenses ratio in 2013: 2.0
| Texas Thoroughbred Educational Fund: | 2.0 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 90.2%
| This organization: | 90.2% |
| Other organizations performing similar types of work: | 4.5% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $16,792 | $61,845 | $57,234 |
| Contributions, gifts, grants, and similar amounts received | $8,555 | $55,967 | $51,635 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $35 | $17 | $23 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $8,202 | $5,861 | $5,576 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $8,500 | $8,435 | $6,010 |
| Less: direct expenses from gaming and fundraising events | $298 | $2,574 | $434 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $19,099 | $21,434 | $28,500 |
| Total net assets | $12,880 | $53,291 | $82,025 |
| Excess/Deficit for the year | $-2,307 | $40,411 | $28,734 |
| Net assets or fund balances at beginning of year | $15,187 | $12,880 | $53,291 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $53,291 | $82,025 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $12,880 | $53,291 | $82,025 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $12,880 | $53,291 | $82,025 |
| Other Information | |||
| 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 | $135,072 |
| Subtotal | $135,072 |
| Gifts, grants, contributions, and membership fees received | $129,062 |
| 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 | $6,010 |
| 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 | $135,299 |
| Public support | $135,072 |
| Subtotal | $227 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $227 |
| 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 | Ravenwood High School Quarterback Club | 1724 Wilson Pike, Brentwood, TN 37027-8105 | TN | 2007-02 | $99,991 |
| 2 | Slocomb Band Boosters Inc | PO BOX 376, Slocomb, AL 36375-0376 | AL | 2006-12 | $54,892 |
| 3 | Texas A & M University-Corpus Christi Foundation Inc | 6300 Ocean Dr, Corp Christi, TX 78412-5503 | TX | 2002-07 | $14,626,263 |
| 4 | The Center For Collaborative Research Inc | 6100 Main Street Ms-70, Houston, TX 77005-1827 | TX | 2008-08 | $12,877,820 |
| 5 | Blackwell Consolidated Education Foundation Inc | PO BOX 505, Blackwell, TX 79506-0505 | TX | 2015-04 | $6,834,167 |
| 6 | Barbers Hill Independent School District Education Foundation | PO BOX 1108, Mont Belvieu, TX 77580-1108 | TX | 2009-11 | $2,073,764 |
| 7 | Southwest Independent School District Education Foundation | 11914 Dragon Ln, San Antonio, TX 78252-2612 | TX | 2004-12 | $1,984,058 |
| 8 | Texas International Baccalaureate Schools | 4808 77th St, Lubbock, TX 79424-3141 | TX | 2001-07 | $1,804,396 |
| 9 | University Of Dallas Foundation | 1845 E Northgate Dr, Irving, TX 75062-4736 | TX | 2006-06 | $1,082,181 |
| 10 | Sterling Mccall Family Foundation | 11519 Lakeside Place Dr, Houston, TX 77077-3253 | TX | 2000-03 | $927,714 |
| 11 | Tecnologico De Monterrey Foundation | 1722 Routh Street Suite 1500, Dallas, TX 75201-2533 | TX | 2008-11 | $795,895 |
| 12 | The Abilene Education Foundation | PO BOX 1999, Abilene, TX 79604-1999 | TX | 2001-02 | $790,514 |
| 13 | Texas A&m University - Centraltexas Foundation | 301 Tarrow St 3rd Flr, College Station, TX 77840-7896 | TX | 2008-02 | $743,277 |
| 14 | Rider Band-Orchestra Parents Association | PO BOX 4692, Wichita Falls, TX 76308 | TX | 2014-08 | $698,059 |
| 15 | Ann Richards School Foundation | 2206 Prather Ln, Austin, TX 78704-6722 | TX | 2010-05 | $618,153 |
| 16 | Sting Soccer Foundation | 10000 N Central Expy Ste 1400, Dallas, TX 75231-2319 | TX | 2010-02 | $603,380 |
| 17 | Wylie Isd Education Foundation Inc | 951 S Ballard Ave, Wylie, TX 75098-4175 | TX | 2003-04 | $548,049 |
| 18 | Cy-Hope Inc | 17401 Village Green Dr, Jersey Vlg, TX 77040-1004 | TX | 2012-06 | $505,012 |
| 19 | Texoma Medical Center Volunteers | 5016 S Hwy 75, Denison, TX 75020 | TX | 2010-05 | $475,021 |
| 20 | Acorn School Endowment Inc | 3501 Broadway St, San Antonio, TX 78209-6513 | TX | 2012-08 | $413,931 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 10,796 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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