Milagros De Glorias Inc in Midland, Texas (TX)

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Milagros De Glorias Inc
Employer Identification Number (EIN)752706668
Name of OrganizationMilagros De Glorias Inc
In Care of NameW Wesley Perry
AddressPO BOX 10886, Midland, TX 79702-7886
ActivitiesDescribed in section 170(b)1)(a)(vi) of the Code, Other youth organization or activities
SubsectionCharitable Organization
Ruling Date06/1997
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$500,000 to $999,999
Income$500,000 to $999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$974,532
Amount of Income$710,249
Form 990 Revenue Amount$710,249
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Human Service Organizations - Multipurpose

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Financial snapshot ($)

Revenue for 2011

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
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 2011)
Total revenue$710,249
Contributions, Gifts, Grants and Other Similar Amounts$510,088
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$844
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 2011)
Total functional expenses$716,363
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Balance Sheet (for 2011)
Total assets$974,532
Total liabilities$0
Total net assets or fund balances$974,532
Retained earnings, endowment, accumulated income, or other funds$974,532
Reason for Public Charity Status (for 2011)
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 2011)
2007 - 2011 Total
Total Support$4,127,416
Gifts, grants, contributions, and membership fees received$4,121,998
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$5,418
Gross receipts from related activities, etc.$0
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