Skillsnet Foundation in Waxahachie, Texas (TX)

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Skillsnet Foundation
Employer Identification Number (EIN)200922373
Name of OrganizationSkillsnet Foundation
In Care of NameTed Johnson
Address310 W Jefferson St, Waxahachie, TX 75165-3695
SubsectionCharitable Organization, Educational Organization
Ruling Date08/2005
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Tax Period12/2012
Assets$10,000 to $24,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$12,989
Amount of Income$93,368
Form 990 Revenue Amount$93,368
National Taxonomy of Exempt Entities (NTEE)Employment, Job-Related: Employment Procurement Assistance, Job Training


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Amount of income in 2012: $93,368 (it was $179,721 in 2011)
This organization: 

 $93,368
Other organizations performing similar types of work: 

 $159,899

Assets in 2012: $12,989 (it was $3,257 in 2011)
Skillsnet Foundation: 

 $12,989
Other organizations performing similar types of work: 

 $54,752

Expenses in 2012: $134,453
This organization: 

 $134,453
Other organizations performing similar types of work: 

 $166,476

Income to expenses ratio in 2012: 0.7
Skillsnet Foundation: 

 0.7
Other organizations performing similar types of work: 

 0.5

Grants share in income in 2012: 0.0%
Skillsnet Foundation: 

 0.0%
Other organizations performing similar types of work: 

 92.3%

Financial snapshot ($)

Revenue for 2012

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$93,368
Contributions, gifts, grants, and similar amounts received$0
Program service revenue including government fees and contracts$93,309
Membership dues and assessments$0
Investment income$59
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$134,453
Total net assets$-96,221
Deficit for the year$-41,085
Net assets or fund balances at beginning of year$-55,136
Other changes in net assets or fund balances$0
Balance Sheets (for 2012)
Total assets$12,989
Total liabilities$109,210
Net assets or fund balances$-96,221
Other Information (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2012)
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
Support Schedule for Organizations Described in Section 509(a)(2) (for 2012)
2008 - 2012 Total
Total support$347,531
Gifts, grants, contributions, and membership fees received$2,787
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$342,004
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$59
Other$2,681
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Workforce Solutions Borderplex Inc300 E Main Dr Ste 800, El Paso, TX 79901-1349TX1999-09$34,938,771
2The Workfaith Connection10120 Northwest Fwy Ste 200, Houston, TX 77092-8626TX2007-04$1,813,029
3Life Works Enterprises Llc3700 S 1st Street, Austin, TX 78704TX2003-12$952,314
4Relief Enterprise Of Texas IncPO BOX 15088, Austin, TX 78761-5088TX2004-09$887,081
5Bootstraps Occupational Services5785 Old Mcgregor Crawford Rd, Crawford, TX 76638-2962TX2011-03$748,806
6Healing The Family Inc10800 Scott St, Houston, TX 77047TX2011-11$291,411
7Racing For Our Heroes Inc6611 Hillcrest Ave Ste 343, Dallas, TX 75205-1301TX2007-10$291,402
8Sabine Area Career CenterPO BOX 894, Pineland, TX 75968-0894TX2004-07$281,199
9Lavones Second Chapter8435 Foxhaven Dr, Dallas, TX 75249-3819TX2010-03$196,870
10Water From The Rock1015 Gibbins Rd, Arlington, TX 76011-5615TX2000-03$168,425
11Austin Area Art From The StreetsPO BOX 12473, Austin, TX 78711-2473TX2013-04$156,946
12Texas Municipal Police Association Charities Inc6200 La Calma Dr Ste 200, Austin, TX 78752-3800TX1998-07$117,115
13Skillsnet Foundation310 W Jefferson St, Waxahachie, TX 75165-3695TX2005-08$93,368
14Texas Leadership Institute IncPO BOX 220, Austin, TX 78767-0220TX1995-10$84,503
15Texas Association For Healthcare Financial AdministrationPO BOX 27874, Austin, TX 78755-7874TX1996-05$83,967
16Grace Employment Services Inc6325 Hurst St, Houston, TX 77008-6267TX2014-08$77,574
17Spring Of Siloam Christian Womens Job CorpsP O Box 827, Big Spring, TX 79721TX2011-12$77,370
18Federacion Zacatecana Inc4323 E Lancaster Ave, Fort Worth, TX 76103-3224TX2013-05$63,253
19Techs & Trainers Incorporated5933 Bellaire Bivd 111, Houston, TX 77081TX2001-05$56,917
20Career Design Foundation2818 South Country Club Road, Garland, TX 75043TX2013-09$24,650
Number of organizations performing similar types of work
Alaska8
Alabama42
Arkansas17
Arizona26
California255
Colorado40
Connecticut20
District of Columbia32
Delaware7
Florida138
Georgia91
Hawaii5
Iowa15
Idaho5
Illinois96
Indiana37
Kansas12
Kentucky24
Louisiana27
Massachusetts46
Maryland52
Maine5
Michigan52
Minnesota32
Missouri36
Mississippi8
Montana7
North Carolina74
North Dakota1
Nebraska3
New Hampshire4
New Jersey41
New Mexico8
Nevada15
New York115
Ohio80
Oklahoma15
Oregon19
Pennsylvania60
Rhode Island11
South Carolina26
South Dakota5
Tennessee34
Texas146
Utah10
Virginia50
Vermont3
Washington29
Wisconsin28
West Virginia15
Wyoming3
International3
Total1,933

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