Ventures And Values Development in Garland, Texas (TX)
Table of contents:
Ventures And Values Development | |
Employer Identification Number (EIN) | 453958058 |
Name of Organization | Ventures And Values Development |
In Care of Name | Reid Strobel |
Address | 5225 Spring Lake Drive, Garland, TX 75043 |
Subsection | Charitable Organization, Educational Organization |
Ruling Date | 12/2013 |
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 | 2012 |
Assets | $100,000 to $499,999 |
Income | $100,000 to $499,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $100,966 |
Amount of Income | $112,211 |
Form 990 Revenue Amount | $112,211 |
National Taxonomy of Exempt Entities (NTEE) | International, Foreign Affairs and National Security: Promotion of International Understanding |
Non-representatives - add comments:
Amount of income in 2012: $112,211 (it was $112,211 in 2013)
This organization: | $112,211 |
Other organizations performing similar types of work: | $82,753 |
Assets in 2012: $100,966 (it was $100,966 in 2013)
Ventures And Values Development: | $100,966 |
Other organizations performing similar types of work: | $35,174 |
Expenses in 2013: $37,182
Ventures And Values Development: | $37,182 |
Other organizations performing similar types of work: | $84,219 |
Income to expenses ratio in 2013: 3.0
This organization: | 3.0 |
Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 100.0%
Ventures And Values Development: | 100.0% |
Other organizations performing similar types of work: | 63.7% |
Revenue for 2013
Support schedule
Revenue, Expenses, and Changes in Net Assets or Fund Balances | |
2013 | |
---|---|
Total revenue | $112,211 |
Contributions, gifts, grants, and similar amounts received | $112,185 |
Program service revenue including government fees and contracts | $0 |
Membership dues and assessments | $0 |
Investment income | $26 |
Gain/Loss from sale of assets other than inventory | $0 |
Net income/loss from gaming and fundraising events | $0 |
Gross profit/loss from sales of inventory | $0 |
Other revenue | $0 |
Total expenses | $37,182 |
Total net assets | $90,893 |
Excess/Deficit for the year | $75,029 |
Net assets or fund balances at beginning of year | $15,864 |
Other changes in net assets or fund balances | $0 |
Net assets or fund balances at end of year | $90,893 |
Balance Sheets | |
2013 | |
---|---|
Total assets | $100,966 |
Total liabilities | $10,073 |
Net assets or fund balances | $90,893 |
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 activities | No |
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? | Yes |
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 that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
Number of organizations supported | 0 |
Sum of amounts of support | $0 |
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
2009 - 2013 Total | |
---|---|
Public Support | $107,916 |
Subtotal Support | $112,185 |
Gifts, grants, contributions, and membership fees received | $112,185 |
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 |
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $4,269 |
Total Support | $112,211 |
Public Support | $112,185 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $26 |
Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
Other income. Do not include gain or loss from the sale of capital assets | $0 |
Gross receipts from related activities, etc. | $0 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Sphoorti | 4127 Victory Dr, Frisco, TX 75034-6335 | TX | 2011-03 | $190,554 |
2 | Ventures And Values Development | 5225 Spring Lake Drive, Garland, TX 75043 | TX | 2013-12 | $112,211 |
3 | Gulen Institute | 417 4800 C, Houston, TX 77004 | TX | 2014-02 | $76,944 |
4 | Brazos Valley Worldfest | 1245 Tamu, College Station, TX 77843-0001 | TX | 2010-09 | $75,401 |
5 | Houston Committee On Foreign Relations | 3133 Buffalo Spdwy Ste 8207, Houston, TX 77098-1829 | TX | 2014-09 | $65,389 |
6 | Punjabi Cultural Association Of North Texas | P O Box 294257, Lewisville, TX 75029 | TX | 1998-06 | $28,285 |
7 | Taia River Union | PO BOX 250494, Plano, TX 75025-0494 | TX | 2002-06 | $4,520 |
8 | Frisco Texas Sister Cities International Inc, Frisco Sister Cities International | 3411 Preston Rd Ste C13-190, Frisco, TX 75034-9010 | TX | 2011-01 | $1,951 |
9 | American Mediterranean Council | 3939 Hartsdale Drive, Houston, TX 77063 | TX | 2004-04 | $0 |
10 | Austin Sister Cities International | 9524 Ketona Cove, Austin, TX 78759 | TX | 2002-08 | $0 |
11 | Austin-Saltillo Sister Cities Association | 2422 Pearce Road, Austin, TX 78730 | TX | 2005-09 | $0 |
12 | Bakweri Land Claims Committee Inc | 1629 E Missouri Avenue, Dallas, TX 75216 | TX | 2010-11 | $0 |
13 | Chinese Texas Association For Science And Technology Cast-Tx | 3321 Neiman Rd, Plano, TX 75025 | TX | 2007-02 | $0 |
14 | Cleveland Dream Center | 17867 Fm 787 Rd W, Cleveland, TX 77327-2776 | TX | 2007-12 | $0 |
15 | Croatia Direct Inc | 2419 Grapevine Ct, Weatherford, TX 76087-1748 | TX | 2002-06 | $0 |
16 | Eziowelle Cultural Organization Eco Usa Inc | 2503 Branch View Lane, Missouri City, TX 77459 | TX | 2002-06 | $0 |
17 | Haciusa-Houston African Community International Inc | 6776 Southwest Fwy Ste 535, Houston, TX 77074-2123 | TX | 2014-07 | $0 |
18 | Hope Africa International | 1314 Leigh Gardens Dr, Sugar Land, TX 77479-1831 | TX | 2013-05 | $0 |
19 | Horn Of Africa Peace And Development Center | 4002 Blacksmith Dr, Garland, TX 75044 | TX | 2008-01 | $0 |
20 | Kairos Action Usa | 158 Roadrunner Ave, New Braunfels, TX 78130 | TX | 2013-11 | $0 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 809 |
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