Nonprofit · EIN 83-2368022
TBP PANOLA PROJECT INC
Tax-exempt · GRAND PRAIRIE, TX 75050
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $360,000 | $292,954 | $67,046 | $8,685,129 | $7,869,985 | $815,144 |
| December 31, 2023 | 990 | $456,228 | $205,790 | $250,438 | $8,695,466 | $7,880,322 | $815,144 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $360,000
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $167,225
- Program services (functional)
- $292,954
Balance sheet and other
- Total assets, start of year
- $8,695,466
- Total assets, end of year
- $8,685,129
- Total liabilities, end of year
- $7,869,985
- Net assets, end of year
- $815,144
- Land, buildings and equipment
- $4,298,163
- Net assets without donor restrictions
- $815,144
- Gross receipts
- $360,000
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2018
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RANDAL SHAFFER | President Trustee or director, Officer | 1 | $0 | $333,750 | $45,624 |
| TREY VARNER | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JAMES DWORKIN-THRU 52025 | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| RANDAL SHAFFER | President Trustee or director, Officer | 1 | $0 | $312,154 |
| JAMES DWORKIN | Treasurer Trustee or director, Officer | 1 | $0 | $86,486 |
| JULIA GOMEZ | Director Trustee or director | 1 | $0 | $33,247 |
| GENE ZHU | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2730 N STATE HIGHWAY 360, GRAND PRAIRIE, TX 75050-6409
- In care of
- % TREY VARNER
- Principal officer (990 for 2024)
- RANDAL SHAFFER, 2730 N STATE HIGHWAY 360, GRAND PRAIRIE, TX 750506409
- Signed the 990
- RANDAL SHAFFER, President
- Phone
- (214) 946-9100
- Return prepared by
- Sutton Frost Cary LLP
Mission
THE ORGANIZATION IS ORGANIZED AND AT ALL TIMES SHALL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF TRINITY BASIN PREPARATORY, INC., A TEXAS NON-PROFIT CORPORATION.
Program accomplishments
- The organization facilitates the development of property for use as an educational facility, specifically a charter school, for students from 3-year old pre-kindergarten through eighth grade. The organization leases a facility under a long term agreement and leases the property to the operator, Trinity Basin Preparatory, Inc. The organization closed on financing in November 2018.Expenses $292,954 · revenue $360,000
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
- 83-2368022
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type II
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $8,685,129
- Income (IRS master file)
- $360,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $360,000 | $292,954 | $8,685,129 | IRS |
| 990 | December 2023 | $456,228 | $205,790 | $8,695,466 | XML |
| 990 | December 2022 | $360,000 | $273,097 | $8,808,910 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 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 83-2368022).
Questions about TBP PANOLA PROJECT INC
- What is the EIN of TBP PANOLA PROJECT INC?
- The employer identification number (EIN) of TBP PANOLA PROJECT INC is 83-2368022.
- Is TBP PANOLA PROJECT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to TBP PANOLA PROJECT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does TBP PANOLA PROJECT 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 TBP PANOLA PROJECT 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 TBP PANOLA PROJECT 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 TBP PANOLA PROJECT INC?
- The 990 for the year ended December 31, 2024 names RANDAL SHAFFER.
- Who are the officers and directors of TBP PANOLA PROJECT INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does TBP PANOLA PROJECT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $360,000, expenses of $292,954 and total assets of $8,685,129 at year end.
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