Plano Improvement Corporation
- Assets
- $3.8k
- Revenue
- $229.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Plano, TX
- Founding
- 08/2016
- Data as of
- 09/2023
- EIN
- 81-2815232
Organization Overview
Plano Improvement Corporation is located in Plano, TX. The organization was established in 2016. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plano Improvement Corporation 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 09/2023, Plano Improvement Corporation generated $229.8k 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 (12.2%) each year. All expenses for the organization totaled $259.6k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (10.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PLANO IMPROVEMENT CORPORATION EXISTS TO SERVE AS A NON-PROFIT CORPORATION TO FACILITATE REAL ESTATE TRANSACTIONS AND SERVE AS AN INDEPENDENT FOUNDATION FOR ACCEPTANCE OF DONATIONS FOR THE CITY OF PLANO, A TEXAS PUBLIC MUNICIPALITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PLANO IMPROVEMENT CORPORATION SUPPORTS THE CHARITABLE ACTIVITIES OF THE CITY OF PLANO MAKING GRANTS TO SUPPORT VARIOUS PROGRAMS. THESE PROGRAMS INCLUDE INTERNSHIP OPPORTUNITIES FOR STUDENTS, WHICH OPERATES IN CONJUNCTION WITH THE CITY TO PROVIDE SUMMER EDUCATION INTERNSHIP OPPORTUNITIES FOR STUDENTS IN PLANO INDEPENDENT SCHOOL DISTRICT. THIS ACTIVITY CONNECTS MOTIVATED HIGH SCHOOL STUDENTS WITH EXCEPTIONAL BUSINESSES AND ORGANIZATIONS IN AND AROUND THE CITY OF PLANO, TX.
THE PLANO IMPROVEMENT CORPORATION IS ORGANIZED TO SERVE THE CITIZENS OF THE CITY OF PLANO BY FACILITATING REAL ESTATE TRANSACTIONS AND SERVE AS AN INDEPENDENT FOUNDATION FOR ACCEPTANCE OF DONATIONS. THE PROGRAM IS DESIGNED FOR INDIVIDUALS, AS WELL AS CHARITABLE CORPORATIONS AND FOUNDATIONS TO DONATE REAL AND/OR PERSONAL PROPERTY TO THE CITY OF PLANO TO FURTHER THE CHARITABLE PURPOSES OF THE PERSON OR ENTITY AND TO BENEFIT THE CITIZENS OF PLANO, TX.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Israelson President | OfficerTrustee | 1 | $0 |
Denise Tacke Secretary/treasurer | OfficerTrustee | 1 | $0 |
Jack Carr Vice-President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $229,760 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $229,760 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $229,760 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $68,682 |
| Grants and other assistance to domestic individuals. | $45,760 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $127,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,255 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,920 |
| Office expenses | $2,448 |
| Information technology | $1,883 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $651 |
| Total functional expenses | $259,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,768 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,768 |
| Accounts payable and accrued expenses | $3,768 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,768 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,768 |
Grants Awarded
Over the last fiscal year, Plano Improvement Corporation has awarded $203,290 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
VWAIT GROUP LLC PURPOSE: GENERAL FUNDS | $146,250 |
PLANO CHAMBER OF COMMERCE PURPOSE: GENERAL FUNDS | $7,040 |
CITY OF PLANO TEXAS PURPOSE: GENERAL FUNDS | $50,000 |