Laozhuang Foundation Inc in Magnolia, Texas (TX)
Table of contents:
| Laozhuang Foundation Inc | |
| Employer Identification Number (EIN) | 611502305 |
| Name of Organization | Laozhuang Foundation Inc |
| In Care of Name | Yvonne Yeh |
| Address | 1107 Lotus Lake Dr, Magnolia, TX 77354-5890 |
| Subsection | Educational Organization |
| Ruling Date | 10/2006 |
| 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 | $100,000 to $499,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $234,683 |
| Amount of Income | $13,026 |
| Form 990 Revenue Amount | $13,026 |
| National Taxonomy of Exempt Entities (NTEE) | International, Foreign Affairs and National Security: Promotion of International Understanding |
Non-representatives - add comments:
Amount of income in 2013: $13,026 (it was $52,814 in 2012)
| This organization: | $13,026 |
| Other organizations performing similar types of work: | $82,753 |
Assets in 2013: $234,683 (it was $231,477 in 2012)
| Laozhuang Foundation Inc: | $234,683 |
| Other organizations performing similar types of work: | $35,174 |
Expenses in 2013: $9,918
| This organization: | $9,918 |
| Other organizations performing similar types of work: | $84,219 |
Income to expenses ratio in 2013: 1.3
| This organization: | 1.3 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 74.6%
| Laozhuang Foundation Inc: | 74.6% |
| Other organizations performing similar types of work: | 63.7% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $25,445 | $52,814 | $13,026 |
| Contributions, gifts, grants, and similar amounts received | $21,580 | $15,394 | $9,720 |
| Program service revenue including government fees and contracts | $3,400 | $9,400 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $465 | $320 | $241 |
| Gain/Loss from sale of assets other than inventory | $0 | $27,700 | $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 | $3,065 |
| Total expenses | $41,029 | $67,244 | $9,918 |
| Total net assets | $245,907 | $231,477 | $234,585 |
| Excess/Deficit for the year | $-15,584 | $-14,430 | $3,108 |
| Net assets or fund balances at beginning of year | $261,491 | $245,907 | $231,477 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $231,477 | $234,585 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $245,907 | $231,477 | $234,683 |
| Total liabilities | $0 | $0 | $98 |
| Net assets or fund balances | $245,907 | $231,477 | $234,585 |
| 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 | $237,650 |
| Subtotal | $237,650 |
| Gifts, grants, contributions, and membership fees received | $139,350 |
| 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 | $98,300 |
| 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 | $242,173 |
| Public support | $237,650 |
| Subtotal | $4,523 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $4,523 |
| 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 |
| Write your review! |
|
|
| Recently Added Reviews |
Rachels Children International Inc in Magnolia, TX
  |
|
Woods & Water Kids Adventures Inc in Magnolia, TX
|
|
Emmys Hope Rescue in Magnolia, 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 | Sphoorti | 4127 Victory Dr, Frisco, TX 75034-6335 | TX | 2011-03 | $190,554 |
| 2 | Ventures And Values Development | 5225 Spring Lake Drive, Garland, TX 75043 | TX | 2013-12 | $112,211 |
| 3 | Gulen Institute | 417 4800 C, Houston, TX 77004 | TX | 2014-02 | $76,944 |
| 4 | Brazos Valley Worldfest | 1245 Tamu, College Station, TX 77843-0001 | TX | 2010-09 | $75,401 |
| 5 | Houston Committee On Foreign Relations | 3133 Buffalo Spdwy Ste 8207, Houston, TX 77098-1829 | TX | 2014-09 | $65,389 |
| 6 | Punjabi Cultural Association Of North Texas | P O Box 294257, Lewisville, TX 75029 | TX | 1998-06 | $28,285 |
| 7 | Taia River Union | PO BOX 250494, Plano, TX 75025-0494 | TX | 2002-06 | $4,520 |
| 8 | Frisco Texas Sister Cities International Inc, Frisco Sister Cities International | 3411 Preston Rd Ste C13-190, Frisco, TX 75034-9010 | TX | 2011-01 | $1,951 |
| 9 | American Mediterranean Council | 3939 Hartsdale Drive, Houston, TX 77063 | TX | 2004-04 | $0 |
| 10 | Austin Sister Cities International | 9524 Ketona Cove, Austin, TX 78759 | TX | 2002-08 | $0 |
| 11 | Austin-Saltillo Sister Cities Association | 2422 Pearce Road, Austin, TX 78730 | TX | 2005-09 | $0 |
| 12 | Bakweri Land Claims Committee Inc | 1629 E Missouri Avenue, Dallas, TX 75216 | TX | 2010-11 | $0 |
| 13 | Chinese Texas Association For Science And Technology Cast-Tx | 3321 Neiman Rd, Plano, TX 75025 | TX | 2007-02 | $0 |
| 14 | Cleveland Dream Center | 17867 Fm 787 Rd W, Cleveland, TX 77327-2776 | TX | 2007-12 | $0 |
| 15 | Croatia Direct Inc | 2419 Grapevine Ct, Weatherford, TX 76087-1748 | TX | 2002-06 | $0 |
| 16 | Eziowelle Cultural Organization Eco Usa Inc | 2503 Branch View Lane, Missouri City, TX 77459 | TX | 2002-06 | $0 |
| 17 | Haciusa-Houston African Community International Inc | 6776 Southwest Fwy Ste 535, Houston, TX 77074-2123 | TX | 2014-07 | $0 |
| 18 | Hope Africa International | 1314 Leigh Gardens Dr, Sugar Land, TX 77479-1831 | TX | 2013-05 | $0 |
| 19 | Horn Of Africa Peace And Development Center | 4002 Blacksmith Dr, Garland, TX 75044 | TX | 2008-01 | $0 |
| 20 | Kairos Action Usa | 158 Roadrunner Ave, New Braunfels, TX 78130 | TX | 2013-11 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 809 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization representatives - add corrected or new information about Laozhuang Foundation Inc »
Non-representatives - add comments about Laozhuang Foundation Inc»