Priority Systems, Tactile Oral Visual Alternative in Temple, Texas (TX)

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Priority Systems, Tactile Oral Visual Alternative
Employer Identification Number (EIN)742886638
Name of OrganizationPriority Systems
Secondary NameTactile Oral Visual Alternative
Address1114 Fredrick Ln, Temple, TX 76502-7060
ActivitiesSchool, college, trade school, etc.
SubsectionEducational Organization
Ruling Date12/1998
DeductibilityContributions are deductible
Exempt Organization StatusUnconditional Exemption
Tax Period08/2012
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$2,933,272
Amount of Income$2,139,060
Form 990 Revenue Amount$2,139,060
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Education (Not Elsewhere Classified)

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Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

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$1,629,310
Contributions, Gifts, Grants and Other Similar Amounts$222,823
Program Service Revenue$1,406,235
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$252
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$1,283,634
Compensation of current officers, directors, trustees, and key employees$49,220
Other salaries and wages$629,071
Payroll taxes$9,544
Professional fundraising services$0
Balance Sheet (for 2011)
Total assets$2,502,186
Total liabilities$691,626
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$650,065
Unsecured notes and loans payable to unrelated third parties$0
Total net assets or fund balances$1,810,560
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:A school described in section 170(b)(1)(A)(ii)
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