Wings For Hope Foundation in Plano, Texas (TX)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Wings For Hope Foundation | |
| Employer Identification Number (EIN) | 300627615 |
| Name of Organization | Wings For Hope Foundation |
| Address | 6524 Old Gate Rd, Plano, TX 75024-7406 |
| Subsection | Charitable Organization |
| Ruling Date | 09/2010 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $7,899 |
| Amount of Income | $54,674 |
| Form 990 Revenue Amount | $18,702 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Adoption |
Non-representatives - add comments:
Amount of income in 2012: $54,674 (it was $46,030 in 2011)
| Wings For Hope Foundation: | $54,674 |
| Other organizations performing similar types of work: | $137,625 |
Assets in 2012: $7,899 (it was $8,914 in 2011)
| This organization: | $7,899 |
| Other organizations performing similar types of work: | $40,937 |
Expenses in 2012: $38,711
| Wings For Hope Foundation: | $38,711 |
| Other organizations performing similar types of work: | $154,704 |
Income to expenses ratio in 2012: 1.4
| Wings For Hope Foundation: | 1.4 |
| Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2012: 81.7%
| Wings For Hope Foundation: | 81.7% |
| Other organizations performing similar types of work: | 0.3% |
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $39,172 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $32,000 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $7,172 | |||
| Gross sales less returns and allowances | $-8,330 | |||
| Less: Cost of goods sold | $15,502 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $38,711 | $0 | $0 | $34,468 |
| Compensation of officers, directors, trustees, etc. | $27,000 | |||
| Total operating and administrative expenses | $38,711 | $0 | $34,468 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $461 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $7,899 | $7,899 |
| Cash - non-interest-bearing | $781 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $7,118 | |
| Total liabilities | $84 | |
| Mortgages and other notes payable | $0 | |
| Other | $84 | |
| Total liabilities and net assets/fund balances | $7,815 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $2,355 |
| Net value of noncharitable-use assets | $2,320 |
| Minimum investment return | $116 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
| Write your review! |
|
|
| Recently Added Reviews |
Collin County Chinese Fellowship Church in Plano, TX
 |
Villages Of Preston Meadow Homeowners Association Inc in Plano, TX
 |
| Hewlitt-Packard Company Retirement Medical Savings Account Plan Trust in Plano, TX |
Abundant Grace Praise & Worship Church in Houston, TX
 |
|
Aglow International, 2010896 San Angelo Tx Community Lighthouse Aglow Intl San Angelo Tx in San Angelo, TX
|
| Bob And Dani Muckleroy Foundation in Ovilla, TX |
|
New Beginnings House Of Prayer in Galena Park, TX
|
|
Labor Of Faith Inc in Pearland, TX
|
|
Vandemataram Foundation Usa Inc in Lewisville, TX
|
|
Pathways Core Training Inc in Irving, TX
|
| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Share Adoptions | 4303 W Innovation Loop, Marble Falls, TX 78654-3883 | TX | 2011-11 | $465,740 |
| 2 | Bravelove Inc, Bravelove | 2633 Mckinney Ave, Dallas, TX 75204-2581 | TX | 2013-02 | $281,597 |
| 3 | Special Delivery Infant Adoption Agency | 1601 S Monroe St, Amarillo, TX 79102-3051 | TX | 2005-04 | $254,719 |
| 4 | Rainbow Of Love Adoption Agency | 2700 Lake Olympia Parkway Suite 10, Missouri City, TX 77459-4324 | TX | 2006-09 | $199,896 |
| 5 | Orphan Angel International Foundation | PO BOX 700713, Dallas, TX 75370-0713 | TX | 2010-09 | $125,553 |
| 6 | Angel Wings Family Services | 12885 Research Blvd Ste 203, Austin, TX 78750-3224 | TX | 2012-06 | $107,825 |
| 7 | Wings For Hope Foundation | 6524 Old Gate Rd, Plano, TX 75024-7406 | TX | 2010-09 | $54,674 |
| 8 | Heritagelink Adoption Foundation | 6621 Bradford Estates Dr, Sachse, TX 75048-3430 | TX | 2014-02 | $1 |
| 9 | Kingdom Kids Child Placing Agency | PO BOX 170703, Dallas, TX 75217-0703 | TX | 2013-01 | $1 |
| 10 | Adopt For The Love Of A Child | 526 Kingwood Dr Ste 349, Kingwood, TX 77339 | TX | 2003-05 | $0 |
| 11 | Adoption Documents Specialists International, Ads Intl | 5906 Brigstone Park Dr, Katy, TX 77450-7089 | TX | 2004-10 | $0 |
| 12 | Adoptive Families Of Houston | 14781 Memerial Dr 90, Houston, TX 77079 | TX | 2012-11 | $0 |
| 13 | Americas Heart Inc | 12885 Research Blvd, Austin, TX 78750 | TX | 2014-09 | $0 |
| 14 | Archibald Project Inc | 5116 Provencial Drive, Austin, TX 78724 | TX | 2012-02 | $0 |
| 15 | Birth Mom Missions | 912 W Ranol Mill Rd Suite E, Arlington, TX 76012 | TX | 2010-02 | $0 |
| 16 | Bright Dreams International Inc | 7708 Queens Garden, Dallas, TX 75248 | TX | 2009-12 | $0 |
| 17 | Cross My Heart Adoption Agency | 10403 Dunbar Point Court, Spring, TX 77379 | TX | 2010-11 | $0 |
| 18 | Dar Foundation Inc | Po Box 2645, Longview, TX 75606 | TX | 2000-09 | $0 |
| 19 | Faithful Hands Inc | Po Box 532443, Grand Prairie, TX 75053 | TX | 2010-09 | $0 |
| 20 | Families With Children From China | 15301 Oconto Dr, Austin, TX 78717 | TX | 2001-11 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 696 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization representatives - add corrected or new information about Wings For Hope Foundation »
Non-representatives - add comments about Wings For Hope Foundation»