Prosperity Network Foundation in Lindon, Utah (UT)
Table of contents:
| Prosperity Network Foundation | |
| Employer Identification Number (EIN) | 364706421 |
| Name of Organization | Prosperity Network Foundation |
| In Care of Name | Holie Schelin |
| Address | 433 N 1670 W, Lindon, UT 84042 |
| Subsection | Charitable Organization |
| Ruling Date | 10/2013 |
| 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 | 2014 |
| Assets | $0 |
| Income | $0 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $5 |
| Amount of Income | $1,374 |
| Form 990 Revenue Amount | $1,374 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Corporate Foundations |
Non-representatives - add comments:
Amount of income in 2014: $1,374 (it was $1,374 in 2013)
| This organization: | $1,374 |
| Other organizations performing similar types of work: | $107,502 |
Assets in 2014: $5 (it was $5 in 2013)
| This organization: | $5 |
| Other organizations performing similar types of work: | $322,766 |
Expenses in 2013: $1,369
| Prosperity Network Foundation: | $1,369 |
| Other organizations performing similar types of work: | $58,249 |
Income to expenses ratio in 2013: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 2.0 |
Grants share in income in 2013: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 98.7% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |
| 2013 | |
|---|---|
| Total revenue | $1,374 |
| Contributions, gifts, grants, and similar amounts received | $1,374 |
| Program service revenue including government fees and contracts | $0 |
| Membership dues and assessments | $0 |
| Investment income | $0 |
| 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 | $1,369 |
| Total net assets | $5 |
| Excess/Deficit for the year | $5 |
| Net assets or fund balances at beginning of year | $0 |
| Other changes in net assets or fund balances | $0 |
| Net assets or fund balances at end of year | $5 |
| Balance Sheets | |
| 2013 | |
|---|---|
| Total assets | $5 |
| Total liabilities | $0 |
| Net assets or fund balances | $5 |
| 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? | 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 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 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Ray And Tye Noorda Foundation | 333 S 520 W, Lindon, UT 84042-1911 | UT | 2000-09 | $31,510,408 |
| 2 | Kenneth P And Sally Rich Burbidge Foundation No 2 | 1751 E Yalecrest Ave, Salt Lake Cty, UT 84108-1839 | UT | 2010-08 | $1,705,878 |
| 3 | Smiles For Life Foundation | 975 E Woodoak Ln Ste 200, Salt Lake Cty, UT 84117-7275 | UT | 1999-07 | $1,619,913 |
| 4 | Segal Foundation Inc | 1303 4th Avenue, Salt Lake City, UT 84103-4408 | UT | 2003-07 | $1,315,472 |
| 5 | Give2live | 430 Ridge Ln, Alpine, UT 84004-2654 | UT | 2012-03 | $341,221 |
| 6 | Omid For Iran | PO BOX 11623, Salt Lake Cty, UT 84147-0623 | UT | 2010-08 | $141,493 |
| 7 | Peters Family Foundation | PO BOX 3208, Park City, UT 84060-3208 | UT | 2010-08 | $76,457 |
| 8 | Icon Health & Fitness Foundation | 1500 S 1000 W, Logan, UT 84321-8206 | UT | 2013-02 | $62,537 |
| 9 | Utah Motorsports Foundation | 764 W South Temple, Salt Lake City, UT 84104 | UT | 1999-05 | $42,545 |
| 10 | Stan And Sandy Checketts Foundation | 15 South Main, Logan, UT 84321-5809 | UT | 1999-03 | $39,814 |
| 11 | Ladies Community Club | 121 N Highland Blvd, Brigham, UT 84302 | UT | 2014-08 | $2,677 |
| 12 | The Hendrix Foundation | PO BOX 58434, Salt Lake Cty, UT 84158-0434 | UT | 2001-03 | $2,076 |
| 13 | Prosperity Network Foundation | 433 N 1670 W, Lindon, UT 84042 | UT | 2013-10 | $1,374 |
| 14 | Questar Corporation Native American Scholarship Foundation | PO BOX 45433, Salt Lake Cty, UT 84145-0433 | UT | 1999-07 | $1,344 |
| 15 | The Bn Robinson Family Foundation | 2088 E Cottontree Ln, Beaver, UT 84713 | UT | 2006-03 | $55 |
| 16 | Compax Foundation Inc | 12356 S 900 E Ste 105, Draper, UT 84020-9324 | UT | 2005-04 | $0 |
| 17 | Naartjie Kids Foundation | 2369 Orton Cr, Salt Lake City, UT 84119-7679 | UT | 2010-05 | $0 |
| 18 | One World Online Charitable Foundation | 374 E 400 S Ste 3, Springville, UT 84663-1984 | UT | 2000-03 | $0 |
| 19 | Steve & Jill Webber Foundation, Webber Steve | 2410 Entrada Trl Unit 41, St George, UT 84770-6152 | UT | 2003-09 | $0 |
| 20 | Utah Antiques And Art Preservation Action Committee Inc | 405 S Main St Ste 700, Salt Lake Cty, UT 84111-3413 | UT | 2010-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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