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Nonprofit · EIN 46-3383748

PRECIOUS STONES ACADEMY INC

Tax-exempt (reinstated) · HOUSTON, TX 77050

Financials

$973K$456K2023$246K$337K2024
Revenue Expenses · by fiscal year end
Financials of PRECIOUS STONES ACADEMY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$245,678$336,787-$91,109$1,087,824$0$1,087,824
December 31, 2023990$972,713$455,559$517,154$1,178,686$0$1,178,686
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$238,349
Investment income
$7,329
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$112,650
Other salaries and wages
$102,744
Salaries, compensation and benefits (total)
$231,827
Professional fundraising fees
$0
Occupancy
$39,711
Program services (functional)
$316,753
Management and general (functional)
$20,034

Balance sheet and other

Total assets, start of year
$1,178,686
Total assets, end of year
$1,087,824
Total liabilities, end of year
$0
Net assets, end of year
$1,087,824
Land, buildings and equipment
$601,957
Net assets without donor restrictions
$1,087,824
Gross receipts
$245,678
Employees
18
Year formed
2013
State of legal domicile
TX

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
ANETTA PARKERSECRETARY
Trustee or director, Officer, Highest-paid employee
40$73,179
LIONEL PARKER JrPRESIDENT
Trustee or director, Officer
30$40,800
CLINT DOUGLASTREASURER
Trustee or director, Officer
1$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
ANETTA PARKERSECRETARY
Officer
40$0
CLINT DOUGLASTREASURER
Officer
1$0
LIONEL PARKER JrPRESIDENT
Officer
30$0

Address and contacts

Address (IRS master file)
7518 MOUNT HOUSTON RD, HOUSTON, TX 77050-5726
In care of
% LIONEL PARKER JR
Principal officer (990 for 2024)
LIONEL PARKER Jr 3 Officer, 7518 EAST MOUNT HOUSTON RD, Houston, TX 77050
Signed the 990
LIONEL PARKER JR 3 OFFICER, PRESIDENT
Phone
(281) 449-0152
Return prepared by
K Williams CPA

Mission

EMPOWER COMMUNITY BY EDUCATING CHILDREN

990 for the year ended December 31, 2024

Program accomplishments

  • OUR READ BY FIVE PROGRAM CONTINUES TO BE SUCCESSFUL AND AN IMPACTUFL ADD TO OUR PROGRAM. OUR MOST RECENT EVALUATION REFLECTED THAT CHILDREN GOING ENTERING SCHOOL ARE READING AT A FIRST GRADE LEVEL.
    Expenses $158,377
  • THE COMPUTER LAB CONTINUES TO BE A SUCCESS IN OUR CENTER AND GROWING IN USAGE AND COMPREHENSION.
    Expenses $63,351
  • PSA INC CONTINUES TO SERVE CHILDREN IN THE AFTERSCHOOL PROGRAM. WE OFFER TUTORING/HOMEWORK ASSISTANCE, PHYSICAL PLAY AND OTHER CREATIVE ACTIVITIES. DURING THE SUMMER PORTION OF OUR PROGRAM, OUR SAFETY PLAN INCLUDED PARTNERING WITH VARIOUS COMPANIES TO PROVIDE ON-SITE ACTIVITIES AND ENGAGEMENT. SUMMER 2024 WAS ENHANCED WITH A CONTRACT SUMMER TEACHER TO PROVIDE EDUCATIONAL CONTINUANCE WHILE KEEPING CHILDREN ENGAGED.
    Expenses $63,350
  • PRECIOUS STONES ACADEMY WAS THE FIRST CENTER SELECTED FOR THE HARRIS COUNTY EARLY REACH PROGRAM IN 2023. THIS PROGRAM BETTER PREPARES 0-4 YEAR OLDS FOR SCHOOL WHILE PARENTS TUITION WAS FULLY COVERED. STAFF WAGES WERE INCREASED TO $15.00 PER HOUR, ALMOST DOUBLE THE MINIMUM WAGE IN TEXAS. THROUGH THE BENEFITS RECEIVED IN THIS PROGRAM, SEVERAL AMENITIES WERE IMPROVED SUCH AS, OUR PLAYGROUND, TODDLER PICNIC AREA AND PLAYGROUND. WE ALSO WERE ABLE TO SUPPORT OUR TEACHERS BY EXPANDING THEIR CHILD CARE CREDITIALS.
    Expenses $31,675

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
46-3383748
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2016
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Religion-related (X20)
Assets (IRS master file)
$1,087,824
Income (IRS master file)
$245,678

Revocation and reinstatement

Exemption revoked
May 15, 2016
Posted by the IRS
August 8, 2016
Reinstated
Effective May 15, 2016

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$245,678$336,787$1,087,824IRS
990December 2023$972,713$455,559$1,178,686XML
990December 2022$779,568$462,723$653,281IRS
990December 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-3383748).

Questions about PRECIOUS STONES ACADEMY INC

What is the EIN of PRECIOUS STONES ACADEMY INC?
The employer identification number (EIN) of PRECIOUS STONES ACADEMY INC is 46-3383748.
Is PRECIOUS STONES ACADEMY INC tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2016 and reinstated it effective May 15, 2016.
Are donations to PRECIOUS STONES ACADEMY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PRECIOUS STONES ACADEMY INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of PRECIOUS STONES ACADEMY INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PRECIOUS STONES ACADEMY INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of PRECIOUS STONES ACADEMY INC?
The 990 for the year ended December 31, 2024 names LIONEL PARKER Jr 3 Officer.
Who are the officers and directors of PRECIOUS STONES ACADEMY INC?
The 990 for the year ended December 31, 2024 lists 3 people; 2 received compensation from the organization, the highest $73,179 (ANETTA PARKER, SECRETARY).
How much revenue does PRECIOUS STONES ACADEMY INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $245,678, expenses of $336,787 and total assets of $1,087,824 at year end.

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