Challa Foundation in Houston, Texas (TX)

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Challa Foundation
Employer Identification Number (EIN)205937510
Name of OrganizationChalla Foundation
In Care of NamePrasad Challa
Address3050 Post Oak Blvd Ste 550, Houston, TX 77056-6534
SubsectionCharitable Organization
Ruling Date01/2009
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$100,000 to $499,999
Income$1 to $9,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$123,706
Amount of Income$-4,109
Form 990 Revenue Amount$-4,109
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Fund Raising and/or Fund Distribution

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Amount of income in 2011: $-4,109 (it was $-7,443 in 2010)
Challa Foundation: 

Other organizations performing similar types of work: 


Assets in 2011: $123,706 (it was $136,766 in 2010)
Challa Foundation: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Expenses for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$-4,109$-4,109$-4,109
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$216
Dividends and interest from securities$7
Gross rents$0
Gross profit from sales of goods$0
Other income$-4,332
Total expenses and disbursements$8,951$0$0$8,000
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$951$0$0
Contributions, gifts, grants paid$8,000
Excess of revenue over expenses and disbursements$-13,060
Net investment income$0
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$123,706$123,706
Cash - non-interest-bearing$62,350
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Total liabilities$0
Total liabilities and net assets/fund balances$123,706
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$0
Net capital loss$0
Excise Tax Based on Investment Income (for 2011)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$0
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$0
Amount to be credited to 2012 estimated tax$0
Statements Regarding Activities (for 2011)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2011)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$127,574
Net value of noncharitable-use assets$125,660
Minimum investment return$6,283
Distributable Amount (for 2011)
Distributable amount$6,283
Undistributed Income (for 2011)
Distributable amount for 2011$6,283
Undistributed income for 2011. This amount must be distributed in 2012$6,283
Private Operating Foundations (for 2011)
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Washington State University FoundationPO BOX 641927, Pullman, WA 99164-0001WA1979-10$110,685,007
2United States Naval Academy Foundation Inc247 King George St, Annapolis, MD 21402-1306MD1969-02$37,201,876
3Charles B Keesee Educational Fund IncorporatedPO BOX 431, Martinsville, VA 24114-0431VA1943-11$31,292,485
4George Junior Republic233 George Junior Rd Box 1058, Grove City, PA 16127-4417PA1987-03$29,815,490
5Wiley College711 Wiley Ave, Marshall, TX 75670-5151TX1987-09$27,272,986
6Oklahoma Educational Technology Tr, Duvall David Ttee2932 Nw 122nd Street, Oklahoma City, OK 73120-1957OK2002-11$18,665,784
7John W Turrentine Trust Uw Fbo William Holt & Ella Rae Turrentine1 West 4th St D4000-041, Winston Salem, NC 27101-3818NC1970-12$16,668,209
8Lamar High School Student Activities Corp Of Arlington Texas1105 W Lamar Blvd Ste 103, Arlington, TX 76012-2055TX1993-10$344,020
9Gonzalez Elementary Parent Teacher Organization, Gonzalez Pto201 E Martin Ave, Mcallen, TX 78504-2059TX2005-06$181,851
10Texas State University System Foundation Inc200 E 10th St Ste 600, Austin, TX 78701-2349TX1978-01$115,028
11Artie And Dorothy Mcferrin Foundation8238 Magnolia Glen Dr, Humble, TX 77346-1607TX2007-04$3,458,248
12Philo Finance Corporation10711 Kipp Way, Houston, TX 77099-2675TX2007-10$2,111,508
13Cornerstone Recovery Inc6699 Portwest Dr Ste 140, Houston, TX 77024-8002TX2001-07$1,689,210
14L & M Charitable Foundation Inc550 W Texas Ave Ste 945, Midland, TX 79701-4233TX2000-07$1,333,015
15Dallas Stars Foundation Inc2601 Avenue Of The Stars, Frisco, TX 75034-9015TX1999-04$546,831
16J J Pearce Athletic Booster Club1600 N Coit Rd, Richardson, TX 75080-2805TX2003-07$532,948
17Cowboy Santas Inc4200 South Fwy Ste 2200, Fort Worth, TX 76115-1415TX2006-12$442,375
18Ir Tr Ua Dora & Arthur JohnsonPO BOX 831041, Dallas, TX 75283-1041TX1999-05$297,184
19Oriska Foundation15425 North Fwy Ste 160, Houston, TX 77090-6015TX2007-06$216,978
20Cuero Isd Education Foundation405 Park Heights Dr, Cuero, TX 77954-2132TX2002-08$134,667
Number of organizations performing similar types of work
District of Columbia20
North Carolina59
North Dakota4
New Hampshire22
New Jersey108
New Mexico16
New York191
Rhode Island18
South Carolina25
South Dakota6
West Virginia8
Total2,610 is not associated with, endorsed by, or sponsored by Challa Foundation and has no official or unofficial affiliation with Challa Foundation