Parent Share And Support Inc in Oelwein, Iowa (IA)

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Parent Share And Support Inc
Employer Identification Number (EIN)421172921
Name of OrganizationParent Share And Support Inc
Address116 E Charles St, Oelwein, IA 50662-1741
ActivitiesDescribed in section 170(b)1)(a)(vi) of the Code
SubsectionCharitable Organization
Ruling Date03/1982
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period06/2012
Assets$1 to $9,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$1,652
Amount of Income$264,074
Form 990 Revenue Amount$264,074

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Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$264,074
Contributions, Gifts, Grants and Other Similar Amounts$263,973
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$101
Income from investment of tax-exempt bond proceeds$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$295,252
Compensation of current officers, directors, trustees, and key employees$85,094
Other salaries and wages$97,914
Payroll taxes$0
Professional fundraising services$0
Balance Sheet (for 2012)
Total assets$1,652
Total liabilities$0
Total net assets or fund balances$1,652
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012)
2008 - 2012 Total
Total Support$1,256,978
Gifts, grants, contributions, and membership fees received$1,255,028
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$1,950
Gross receipts from related activities, etc.$0
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