Timeless Learning Inc in Newport Beach, California (CA)
Table of contents:
| Timeless Learning Inc | |
| Employer Identification Number (EIN) | 200985256 |
| Name of Organization | Timeless Learning Inc |
| In Care of Name | Barry Ackerman |
| Address | 3857 Birch Street Ste 414, Newport Beach, CA 92660-2616 |
| Subsection | Charitable Organization |
| Ruling Date | 05/2006 |
| 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 | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $30,374 |
| Amount of Income | $81,194 |
| Form 990 Revenue Amount | $81,194 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Remedial Reading, Reading Encouragement |
Non-representatives - add comments:
Amount of income in 2013: $81,194 (it was $74,096 in 2012)
| Timeless Learning Inc: | $81,194 |
| Other organizations performing similar types of work: | $60,013 |
Assets in 2013: $30,374 (it was $26,721 in 2012)
| Timeless Learning Inc: | $30,374 |
| Other organizations performing similar types of work: | $24,444 |
Expenses in 2013: $77,541
| This organization: | $77,541 |
| Other organizations performing similar types of work: | $56,929 |
Income to expenses ratio in 2013: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 45.6%
| Timeless Learning Inc: | 45.6% |
| Other organizations performing similar types of work: | 98.2% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $71,240 | $74,096 | $81,194 |
| Contributions, gifts, grants, and similar amounts received | $28,490 | $31,640 | $37,060 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $42,750 | $42,456 | $44,134 |
| Total expenses | $62,341 | $58,339 | $77,541 |
| Total net assets | $10,964 | $26,721 | $30,374 |
| Excess/Deficit for the year | $8,899 | $15,757 | $3,653 |
| Net assets or fund balances at beginning of year | $2,065 | $10,964 | $26,721 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $26,721 | $30,374 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $10,964 | $26,721 | $30,374 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $10,964 | $26,721 | $30,374 |
| 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 | $612,591 |
| Subtotal | $611,591 |
| Gifts, grants, contributions, and membership fees received | $143,084 |
| 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 | $193,007 |
| 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 | $275,500 |
| 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 | $612,591 |
| Public support | $612,591 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Reading Partners | 180 Grand Ave Ste 800, Oakland, CA 94612-3748 | CA | 2001-05 | $18,409,274 |
| 2 | Raising A Reader San Francisco And Alameda Counties | 221 Main Street Suite 300, San Francisco, CA 94105 | CA | 2010-09 | $1,475,868 |
| 3 | Streetside Stories Inc | 3130 20th St Ste 311, San Francisco, CA 94110-2700 | CA | 1997-09 | $1,125,259 |
| 4 | Teenforce | 344 Bean Ave, Los Gatos, CA 95030-5910 | CA | 2010-07 | $876,852 |
| 5 | Street Poets Inc | 2116 Arlington Ave Ste 310, Los Angeles, CA 90018-1300 | CA | 2005-07 | $586,444 |
| 6 | Read Fresno | 7042 N West Ave131, Fresno, CA 93711 | CA | 2008-06 | $459,459 |
| 7 | Lifechange | 3130 W 111th Pl, Inglewood, CA 90303 | CA | 2006-01 | $345,683 |
| 8 | Learning Ladder Inc | 111 5th Street, Gilroy, CA 95020-5750 | CA | 2011-09 | $298,688 |
| 9 | We Care San Jacinto Valley Inc | 1497 Angelus Hill Rd, Hemet, CA 92545-9249 | CA | 2006-06 | $280,750 |
| 10 | Spirit Child Development Center | 5458 Harcross Dr, Los Angeles, CA 90043-2112 | CA | 2003-11 | $259,545 |
| 11 | Milk And Bookies | C/O Lexington Financial Management 9350 Wilshire Blvd Suite 250, Beverly Hills, CA 90212 | CA | 2009-09 | $250,092 |
| 12 | San Joaquin A Plus Inc | PO BOX 1607, Stockton, CA 95201-1607 | CA | 2007-01 | $243,879 |
| 13 | Truth Ministries International | 3048 Knoxville Ave, Long Beach, CA 90808-4042 | CA | 2002-06 | $216,367 |
| 14 | Infinite Learning | 214 Main St Ste 104, El Segundo, CA 90245-3803 | CA | 2011-04 | $197,600 |
| 15 | 916 Ink | 2540 Marshall Way, Sacramento, CA 95818-3520 | CA | 2014-03 | $166,723 |
| 16 | Healthy Cities Tutoring Inc | PO BOX 653, San Carlos, CA 94070-0653 | CA | 2011-09 | $161,903 |
| 17 | Story For All | 4096 Piedmont Ave 711, Oakland, CA 94611-5221 | CA | 2012-05 | $129,906 |
| 18 | Sarges Community Base, Na Na | Po Box 6323, Altadena, CA 91003 | CA | 2009-01 | $97,251 |
| 19 | Timeless Learning Inc | 3857 Birch Street Ste 414, Newport Beach, CA 92660-2616 | CA | 2006-05 | $81,194 |
| 20 | Sheriffs Community Impact Program | 2350 Northrop Ave, Sacramento, CA 95825-7222 | CA | 2011-10 | $69,565 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,535 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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