Nonprofit · EIN 27-2239865
PROSPER ROTARY FOUNDATION
Tax-exempt (reinstated) · PROSPER, TX 75078
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $155,220 | $101,129 | $54,091 | $548,791 | $0 | $548,791 |
| December 31, 2023 | 990 | $151,016 | $103,390 | $47,626 | $475,599 | $0 | $475,599 |
| December 31, 2022 | 990 | $218,304 | $84,704 | $133,600 | $404,489 | $0 | $404,489 |
| December 31, 2021 | 990-EZ | $145,791 | $80,564 | $65,227 | $313,025 | $0 | $313,025 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $140,706
- Program service revenue
- $0
- Investment income
- $9,503
- Other revenue
- $5,011
Expenses
- Grants and similar amounts paid
- $38,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $7,994
- Program services (functional)
- $101,129
Balance sheet and other
- Total assets, start of year
- $475,599
- Total assets, end of year
- $548,791
- Total liabilities, end of year
- $0
- Net assets, end of year
- $548,791
- Publicly traded securities
- $279,446
- Net assets without donor restrictions
- $548,791
- Gross receipts
- $155,220
- Employees
- 0
- Year formed
- 2010
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Huck | Board Member Trustee or director | 2 | $0 |
| Dan Dubberstein | Board Member Trustee or director | 2 | $0 |
| Collin Walding | Board Member Trustee or director | 2 | $0 |
| Aaron McNeal | President Trustee or director, Officer | 2 | $0 |
| John Kundak | Immediate Past President Trustee or director, Officer | 2 | $0 |
| Hulon Webb | Treasurer Trustee or director, Officer | 4 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Paul Grenier | Board Member Trustee or director | 2 | $0 |
| David Huck | Board Member Trustee or director | 2 | $0 |
| Mark Bishop | Secretary Trustee or director, Officer | 2 | $0 |
| John Kundak | President Trustee or director, Officer | 2 | $0 |
| Kleeker Reames | Immediate Past President Trustee or director, Officer | 2 | $0 |
| Hulon Webb | Treasurer Trustee or director, Officer | 4 | $0 |
990 for the year ended December 31, 2022: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Paul Grenier | Board Member Trustee or director | 2 | $0 |
| David Huck | Board Member Trustee or director | 2 | $0 |
| Mark Bishop | Secretary Trustee or director, Officer | 2 | $0 |
| John Kundak | President Trustee or director, Officer | 2 | $0 |
| Kleeker Reames | Immediate Past President Trustee or director, Officer | 2 | $0 |
| Hulon Webb | Treasurer Trustee or director, Officer | 4 | $0 |
990-EZ for the year ended December 31, 2021: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Kundak | President | 2 | $0 |
| Kleeker Reames | Immediate Past President | 2 | $0 |
| Hulon Webb | Treasurer | 4 | $0 |
| Mark Bishop | Secretary | 2 | $0 |
| Paul Grenier | Board Member | 2 | $0 |
| David Huck | Board Member | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 643, PROSPER, TX 75078-4410
- In care of
- % HULON WEBB
- Mailing address (990-N for 2020)
- PO Box 643, Prosper TX 75078
- Principal officer (990-N for 2020)
- Paul Grenier, PO Box 643, Prosper TX 75078
- Signed the 990
- HULON WEBB, Treasurer
- Phone
- (214) 585-7439
- Return prepared by
- Allied Tax and Consulting LLC
Mission
Charitable services for Prosper residents.
Program accomplishments
- To providfe scholarships & grants to local area students and youth camp programs.Expenses $101,129
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-2239865
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $548,791
- Income (IRS master file)
- $155,220
Revocation and reinstatement
- Exemption revoked
- May 15, 2013
- Posted by the IRS
- September 8, 2014
- Reinstated
- Effective May 15, 2013
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $155,220 | $101,129 | $548,791 | IRS |
| 990 | December 2023 | $151,016 | $103,390 | $475,599 | XML |
| 990 | December 2022 | $218,304 | $84,704 | $404,489 | XML |
| 990-EZ | December 2021 | $145,791 | $80,564 | $313,025 | XML |
| 990-N for 2020 Officer: Paul Grenier | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Hulon Webb | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 27-2239865).
Questions about PROSPER ROTARY FOUNDATION
- What is the EIN of PROSPER ROTARY FOUNDATION?
- The employer identification number (EIN) of PROSPER ROTARY FOUNDATION is 27-2239865.
- Is PROSPER ROTARY FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2013 and reinstated it effective May 15, 2013.
- Are donations to PROSPER ROTARY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROSPER ROTARY FOUNDATION 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 PROSPER ROTARY FOUNDATION 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 PROSPER ROTARY FOUNDATION 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 PROSPER ROTARY FOUNDATION?
- The 990-N for 2020 names Paul Grenier.
- Who are the officers and directors of PROSPER ROTARY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does PROSPER ROTARY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $155,220, expenses of $101,129 and total assets of $548,791 at year end.
Other nonprofits in PROSPER
- CORNERSTONE ASSISTANCE NETWORK OF NORTH CENTRAL TEXAS EIN 27-2535979 · last filed 990 for 2024
- HEALING THINE HEARTS MINISTRIES EIN 26-3432047 · last filed 990 for 2024
- ENERGY POLYMER GROUP INC EIN 47-4065283 · last filed 990 for 2025
- SANTA COPS OF DALLAS EIN 75-2732926 · last filed 990-EZ for 2024
- HILLSIDE HOPE INC EIN 83-1483668 · last filed 990-EZ for 2024
- REYNOLDS MIDDLE SCHOOL ATHLETIC BOOSTER CLUB EIN 82-2620618 · last filed 990-PF for 2025
- CYRUS JOHNSON MINISTRIES INC EIN 27-0980680 · last filed 990-N for 2025
- LIKE IT MATTERS EIN 84-3327815 · last filed 990-N for 2025