Nonprofit · EIN 47-2627091
PROSPECT FOUNDATION INC
Tax-exempt · W LAFAYETTE, IN 47906
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| November 30, 2024 | 990-PF | $399,174 | $141,586 | $257,588 | $3,040,241 | $125,776 | $2,914,465 |
| November 30, 2023 | 990-PF | $268,728 | $132,509 | $136,219 | $2,843,775 | $186,898 | $2,656,877 |
Financial details: 990-PF for the year ended November 30, 2024
Revenue
- Contributions, gifts and grants
- $300,000
- Dividends
- $17,228
- Interest
- $6,005
- Net gain from sales of assets
- $75,941
Expenses
- Grants and similar amounts paid
- $69,000
- Disbursements for charitable purposes
- $140,712
- Excise tax on investment income
- $1,366
Balance sheet and other
- Total assets, start of year
- $2,843,775
- Total assets, end of year
- $3,040,241
- Total liabilities, end of year
- $125,776
- Net assets, end of year
- $2,914,465
- Fair market value of assets
- $3,401,581
- Qualifying distributions
- $140,712
- Net investment income
- $99,174
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-PF for the year ended November 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| QIN YANG 3211 Humboldt Street, West Lafayette, IN 47906 | CEO | 2 | $0 |
| CHENG DU 3211 Humboldt Street, West Lafayette, IN 47906 | CFO | 2 | $0 |
990-PF for the year ended November 30, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| QIN YANG 3211 Humboldt Street, West Lafayette, IN 47906 | CEO | 2 | $0 |
| CHENG DU 3211 Humboldt Street, West Lafayette, IN 47906 | CFO | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 3211 HUMBOLDT ST, W LAFAYETTE, IN 47906-7224
- In care of
- % QIN YANG
- Signed the 990-PF
- QIN YANG, CEO
- Phone
- (609) 933-3687
- Return prepared by
- Entholpy EMC Inc
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in November, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2024 | November 30, 2025 | April 15, 2026 | Not on file |
| 2023 | November 30, 2024 | April 15, 2025 | 990-PF on file |
| 2022 | November 30, 2023 | April 15, 2024 | 990-PF on file |
IRS record
- EIN
- 47-2627091
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2015
- Accounting year ends
- November
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $3,040,241
- Income (IRS master file)
- $3,177,529
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | November 2024 | $399,174 | $141,586 | $3,040,241 | XML |
| 990-PF | November 2023 | $268,728 | $132,509 | $2,843,775 | XML |
| 990-PF | November 2022 | – | – | – | IRS |
| 990-PF | November 2021 | – | – | – | IRS |
| 990-PF | November 2020 | – | – | – | 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 47-2627091).
Questions about PROSPECT FOUNDATION INC
- What is the EIN of PROSPECT FOUNDATION INC?
- The employer identification number (EIN) of PROSPECT FOUNDATION INC is 47-2627091.
- Is PROSPECT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to PROSPECT FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PROSPECT FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PROSPECT FOUNDATION INC due?
- The return for tax year 2024 (the year ending November 30, 2025) is due April 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROSPECT FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended November 2024.
- Who are the officers and directors of PROSPECT FOUNDATION INC?
- The 990-PF for the year ended November 30, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does PROSPECT FOUNDATION INC have?
- On its 990-PF for the year ended November 30, 2024 it reported revenue of $399,174, expenses of $141,586 and total assets of $3,040,241 at year end.
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All nonprofits in W LAFAYETTE · Indiana · Philanthropy, voluntarism and grantmaking foundations