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501 PROCTER STREET INC

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Public IRS 990 nonprofit record

501 PROCTER STREET INC

EIN 46-3169468 · Economic Development (S30)

What they do

THE ORGANIZATION is ORGANIZED EXCLUSIVELY for CHARITABLE, RELIGIOUS, EDUCATIONAL, and SCIENTIFIC PURPOSES , INCLUDING , for SUCH PURPOSES, THE MAKING of DISTRIBUTIONS to ORGANIZATIONS THAT QUALITY AS EXEMPT ORGANIZATIONS DESCRIBED UNDER SECTION 501 (C)(3) of THE INTERNAL REVENUE CODE and to ASSIST THE CITY of PORT ARTHUR, TEXAS ECONOMIC DEVELOPMENT CORPORATION IN FINANCING, CONSTRUCTIONG, REHABILITATIOG, RENOVATING, REPAIRING, EQUIPPING FURNITURE, LEASING PROPERTIES, FACITITIES, STREET IMPROVEMENTS and PARKING LOTS.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $0.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders5 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$8.01spent for every $100 of revenueRevenue covered expenses this year.
8.01%of revenue went to management and office costs100.0% of expenses
$228.71in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$28,085
Mission workProgram services0.00% of revenue0.0% of expenses
ManagementOffice and general costs$2,2508.01% of revenue100.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$25,83591.99% of revenueShown in gray on the chart
Total expenses$2,2508.01% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 8.01% of revenue
2023Expense mix: 75.4% mission · 24.6% management · 0.0% fundraisingTotal expenses: 56.98% of revenue
2022Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingRevenue comparison unavailable
2021Expense mix: 98.0% mission · 2.0% management · 0.0% fundraisingTotal expenses: 10,042.40% of revenue
2020Expense mix: 45.6% mission · 54.4% management · 0.0% fundraisingTotal expenses: 9.95% of revenue
2019Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingRevenue comparison unavailable
2018Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingRevenue comparison unavailable
2017Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingRevenue comparison unavailable

Money in and money out

Revenue$28,085
Expenses$2,250
Annual surplus $25,835 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Management and office costs$2,250 · 100.0% of expenses
See all reported dollar amounts
Revenue$28,085
Expenses$2,250
Assets$514,607
Income$483,099
Grants given$600,000
Average grant$600,000
Management and general$2,250
Stocks and bonds$162,629
Accounting fees$2,150
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (5)

DEBORA SCOTTSECRETARY

ELI ROBERTSASSISTANT SE

KAPRINA FRANKVICE-PRESIDE

MICHAEL SINEGALTREASURER

PAT HOLMESPRESIDENT

About this charity

Recognized since
January 2014
Location
7725 GOLFHILL DR, PORT ARTHUR, TX 77642
County
Jefferson
In care of
PAT HOLMES
Primary officer
PAT HOLMES, PRESIDENT

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
THEOBALD DEMAHY & CO PC
NTEE classification
Economic Development (S30)
IRS tax category
Economic Development
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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