My Broken Palace Inc
- Assets
- $23.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rancho Santa Margarita, CA
- Founding
- 12/2009
- Data as of
- 12/2022
- EIN
- 27-0518339
Organization Overview
My Broken Palace Inc is located in Rancho Santa Margarita, CA. The organization was established in 2009. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. My Broken Palace Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, My Broken Palace Inc generated $26.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (54.9%) each year. All expenses for the organization totaled $2.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
A) DISTRIBUTED BOOK OF HOPE BOOKLETSB) NEW WEBSITE DEVELOPMENTC) DISCUSSION OF GOALS TO SET FOR THE FOUNDATIOND) REVIEWED FORM 990PF, RETURN OF PRIVATE FOUNDATION FOR PREVIOUS YEARE) DETERMINATION OF NET INVESTMENT INCOME OF THE FOUNDATION AND POTENTIAL TAX CONSEQUENCES ON THAT INVESTMENT INCOMEF) DETERMINATION OF MINIMUM DISTRIBUTION REQUIREMENT AND DETERMINATION OF AMOUNT TO BE DISTRIBUTED PRIO TO IMPOSITION OF EXCISE TAX. REVIEW OF CHARITABLE DISTRIBUTIONS OF THE FOUNDATION AND RATIFICATION OF DISTRIBUTIONS. REVIEW DOCUMENTATION FILES FOR FOUNDATIONS DISTRIBUTIONS TO DETERMINE SUFFICIENT DOCUMENTATION FOR ALL DONATIONSG) REVIEW OF FOUNDATION OPERATIONS TO INSURE AVOIDANCE OF SELF-DEALING, EXCESS BUSINESS HOLDINGS, JEAPORDY INVESTMENTS AND TAXABLE EXPENDITURES.H) REVIEW OF CHARITABLE CONTRIBUTIONS BY DONORSI) DETERMINE INVESTMENT STATEGY FOR INVESTMENT ASSETSJ) REVIEW CHARITABLE ACTIVITES OF THE FOUNDATION FOR THE PREVIOUS YEAR AND DETERMINE STRATEGIES FOR CHARITABLE OPERATIONS FOR THE UPCOMING YEAR.K) DETERMIN SCHOLARSHIP GRANTS FOR THE COMING YEAR.L) REVIEW UNRELATED BUSINESS INCOME AND NEED FOR FEDERAL AND STATE INCOME TAX RETURNS.M) REVIEW CONFLICT OF INTEREST POLICY, PERFORM THE ANNUAL PERIODIC REVIEW AND HAVE OFFICERS, DIRECTORS, AND MEMBERS OF ANY COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS EXECUTE AN ANNUAL CONFLICT OF INTEREST STATEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Brinson President | 0 | $0 | |
Penny Mccoy Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $26 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $26 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $25 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,953 |
| Total expenses | $1,978 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $21,182 |
| Other assets | $0 |
| Total assets | $23,445 |
| Total liabilities | $0 |
| Net assets or fund balances | $23,445 |