Preparing For The Future Incorporated in Parkersburg, West Virginia (WV)
Table of contents:
| Preparing For The Future Incorporated | |
| Employer Identification Number (EIN) | 352347892 |
| Name of Organization | Preparing For The Future Incorporated |
| Address | 8 S Lake Dr, Parkersburg, WV 26101-8411 |
| Subsection | Charitable Organization |
| Ruling Date | 05/2009 |
| 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 | 12/2013 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $5,739 |
| Amount of Income | $4,050 |
| Form 990 Revenue Amount | $4,050 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Sports Training Facilities, Agencies |
Non-representatives - add comments:
Amount of income in 2013: $4,050 (it was $4,775 in 2012)
| Preparing For The Future Incorporated: | $4,050 |
| Other organizations performing similar types of work: | $85,412 |
Assets in 2013: $5,739 (it was $9,889 in 2012)
| Preparing For The Future Incorporated: | $5,739 |
| Other organizations performing similar types of work: | $43,701 |
Expenses in 2013: $8,200
| This organization: | $8,200 |
| Other organizations performing similar types of work: | $76,618 |
Income to expenses ratio in 2013: 0.5
| This organization: | 0.5 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 100.0%
| Preparing For The Future Incorporated: | 100.0% |
| Other organizations performing similar types of work: | 24.6% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total revenue | $25,995 | $2,325 | $4,775 | $4,050 |
| Contributions, gifts, grants, and similar amounts received | $25,980 | $2,325 | $4,775 | $4,050 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $15 | $0 | $0 | $0 |
| Total expenses | $6,932 | $8,886 | $13,738 | $8,200 |
| Total net assets | $25,413 | $18,852 | $9,889 | $5,739 |
| Excess/Deficit for the year | $19,063 | $-6,561 | $-8,963 | $-4,150 |
| Net assets or fund balances at beginning of year | $6,350 | $25,413 | $18,852 | $9,889 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $25,413 | $9,889 | $5,739 | |
| Balance Sheets | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total assets | $25,413 | $18,852 | $9,889 | $5,739 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $25,413 | $18,852 | $9,889 | $5,739 |
| Other Information | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | 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 | No | |
| Total amount involved | $0 | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $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 | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | 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 | $43,495 |
| Subtotal | $43,495 |
| Gifts, grants, contributions, and membership fees received | $43,495 |
| 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 | $0 |
| 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 | $43,495 |
| Public support | $43,495 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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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| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Charleston Educational Excellence Financing Corporation | 3999 Bridge View Dr, Charleston, SC 29405-7472 | SC | 2006-06 | $38,113,882 |
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| 12 | Tennis & Education Inc | 100 Federal Dr, Fort Snelling, MN 55111-4036 | MN | 2000-06 | $1,315,109 |
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| 14 | Morgantown Multisport | Po Box 653, Fairmont, WV 26555 | WV | 2014-02 | $7,522 |
| 15 | Preparing For The Future Incorporated | 8 S Lake Dr, Parkersburg, WV 26101-8411 | WV | 2009-05 | $4,050 |
| 16 | Adventure Pursuit Inc | Po Box 431, Parkersburg, WV 26102 | WV | 1998-07 | $0 |
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| 18 | East Hardy Athletic Boosters Inc | Po Box 16, Wardensville, WV 26851 | WV | 1997-01 | $0 |
| 19 | Raider Athletic Club, Rac | 1 Raider Way, Spencer, WV 25276-9236 | WV | 2015-03 | $0 |
| 20 | Rcb Friends Of Baseball | 4 Cameron Rd, Clarksburg, WV 26301-9742 | WV | 2009-08 | $0 |
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