Friends Of Veritas Preparatory Charter School Inc in Springfield, Massachusetts (MA)
Table of contents:
| Friends Of Veritas Preparatory Charter School Inc | |
| Employer Identification Number (EIN) | 273800650 |
| Name of Organization | Friends Of Veritas Preparatory Charter School Inc |
| In Care of Name | Rachel Romano |
| Address | 370 Pine St, Springfield, MA 01105-1931 |
| Subsection | Charitable Organization |
| Ruling Date | 09/2011 |
| 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 | 06/2014 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $93,048 |
| Amount of Income | $171,034 |
| Form 990 Revenue Amount | $171,034 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2014: $171,034 (it was $147,418 in 2013)
| Friends Of Veritas Preparatory Charter School Inc: | $171,034 |
| Other organizations performing similar types of work: | $210,183 |
Assets in 2014: $93,048 (it was $48,224 in 2013)
| Friends Of Veritas Preparatory Charter School Inc: | $93,048 |
| Other organizations performing similar types of work: | $888,646 |
Expenses in 2014: $127,194
| Friends Of Veritas Preparatory Charter School Inc: | $127,194 |
| Other organizations performing similar types of work: | $110,000 |
Income to expenses ratio in 2014: 1.3
| This organization: | 1.3 |
| Other organizations performing similar types of work: | 1.5 |
Grants share in income in 2014: 99.9%
| Friends Of Veritas Preparatory Charter School Inc: | 99.9% |
| Other organizations performing similar types of work: | 4.4% |
Revenue for 2014
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $105,500 | $147,418 | $171,034 |
| Contributions, gifts, grants, and similar amounts received | $105,500 | $147,175 | $170,922 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $243 | $112 |
| 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 | $0 | $0 | $0 |
| Total expenses | $3,946 | $171,604 | $127,194 |
| Total net assets | $99,598 | $48,224 | $92,064 |
| Excess/Deficit for the year | $101,554 | $-24,186 | $43,840 |
| Net assets or fund balances at beginning of year | $-1,956 | $72,410 | $48,224 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $48,224 | $92,064 | |
| Balance Sheets | |||
| 2011 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $102,739 | $48,224 | $93,048 |
| Total liabilities | $3,141 | $0 | $984 |
| Net assets or fund balances | $99,598 | $48,224 | $92,064 |
| Other Information | |||
| 2011 | 2013 | 2014 | |
|---|---|---|---|
| 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 2014) | |
| The organization is not a private foundation because it is: | An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
| Number of organizations supported | 1 |
| Sum of amounts of support | $125,000 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Foundation For Engineering At Kansas State University | 531 Couch Drive, Oklahoma City, OK 73102 | OK | 2011-04 | $24,704,508 |
| 2 | Aspen Public Education Fund | PO BOX 9452, Aspen, CO 81612-9452 | CO | 2014-08 | $1,690,584 |
| 3 | Friends Of Hebrew Language Academy Charter School Inc | 729 Seventh Avenue No 9th, New York, NY 10019-6831 | NY | 2011-06 | $1,320,400 |
| 4 | Philanthropic Support Fund Inc | 200 Madison Avenue, New York, NY 10016-3903 | NY | 2013-12 | $1,299,908 |
| 5 | Eagle Ridge Academy Affiliated Building Company | 7255 Flying Cloud Dr, Eden Prairie, MN 55344-3549 | MN | 2013-05 | $1,146,707 |
| 6 | Rilke Schule Inc | 2511 Sentry Dr Ste 100, Anchorage, AK 99507-4469 | AK | 2011-04 | $754,920 |
| 7 | Freire Charter School Foundation | 2027 Chestnut St, Philadelphia, PA 19103-3301 | PA | 2011-07 | $680,277 |
| 8 | Blanche Johnson Trust | 124 S 1st St, Oskaloosa, IA 52577-3126 | IA | 2013-06 | $672,967 |
| 9 | Education Leads To Success Foundation | 2616 N Macarthur Blvd, Irving, TX 75062-5401 | TX | 2014-07 | $667,863 |
| 10 | St Lukes Foundation Inc | 1211 E Grandview Ave, Culpeper, VA 22701-1501 | VA | 1999-03 | $572,374 |
| 11 | Uca Properties | 3636 W 3100 S, W Valley City, UT 84120-2149 | UT | 2011-11 | $480,048 |
| 12 | Uca Properties Ii | 3636 W 3100 S, W Valley City, UT 84120-2149 | UT | 2011-10 | $459,227 |
| 13 | Wr Collier And@american State Bank Endowed Fund For Covenant Of | 1401 Avenue Q, Lubbock, TX 79401-3819 | TX | 2011-03 | $239,084 |
| 14 | William Carter And Marlys Hanson Burdett Scholarship Tr | 109 Main St, Gloucester, MA 01930-5701 | MA | 2013-09 | $235,588 |
| 15 | S O S Thrift Store | 409 Cayuga St, Storm Lake, IA 50588-2526 | IA | 2012-09 | $218,663 |
| 16 | James H Guilbeau Jr Charitable Trust | PO BOX 51869, Lafayette, LA 70505-1869 | LA | 2014-03 | $207,185 |
| 17 | Friends Of Veritas Preparatory Charter School Inc | 370 Pine St, Springfield, MA 01105-1931 | MA | 2011-09 | $171,034 |
| 18 | Santa Barbara High School Computer Science Academy Foundation | 1530 Chapala St Ste D, Santa Barbara, CA 93101-3017 | CA | 2014-10 | $127,348 |
| 19 | John J And Mildred M Michalski Charitable Tr, Henri L Sans Jr Ttee | 213 School St Ste 201, Gardner, MA 01440-2782 | MA | 2011-09 | $84,108 |
| 20 | Edward M Kennedy Academy Foundation Inc | 360 Huntington Avenue - 102ca, Boston, MA 02115 | MA | 2011-05 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 60 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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