Prince Complex INC EIN 76-0558666 Form 990 (PDF) Claim this org

Prince Complex INC FY2022 filing

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Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).


Offers a recreation area for youth to prevent juvenile delinquency. For fiscal year 2022 it reported $265K in revenue, $281K in expenses, and $105K in net assets.Pt I

Type
Public charity (501(c)(3)) · Youth Development
Location
Houston, TX
Website
www.princecomplex.org
Filings
5 on file (2020–2022)
Revenue
$265KFY2022
Expenses
$281K
Net assets
$105K
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  76-0558666 Public charity (501(c)(3)) Houston, TX
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Offers a recreation area for youth to prevent juvenile delinquency.
Leadership
James Andre Prince · President
Money in and out
$265K revenue, $281K expenses
Bottom line
41% program efficiency
Where the money goes · FY2022
Total revenue
$265K
Pt VIII · Ln 12
Total expenses
$281K
Pt IX · Ln 25
Net assets
$105K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$16K
Where spending went · Part IX cols B–D
Program services $0.41 Management & general $0.59
Program efficiency
41%
of spending reaches programs
Operating runway
0.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-6%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$265K
FY2022▲ +20%
Expenses
$281K
FY2022▲ +71%
Total assets
$133K
FY2022▼ -18%
Total liabilities
$28K
FY2022▼ -32%
Revenue less expensesPt I · Ln 19−$16K
Total assetsPt X · Ln 16$133K
Program-expense ratioPt IX · col B41%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPrince Complex INC
EINHdr · item D76-0558666
Principal addressHdr · item CHouston, TX
WebsiteHdr · item Jwww.princecomplex.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O20)
Ruling yearIRS BMFApr 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Sec/Treasurer
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
See Prince Complex INC executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $116K of program spending, described in the organization's own filed words · FY2022.
01

January

Hosted event for homeless individuals July- Provided financial support to families with unexpected expenses October & December - Hosted events for children and young adults

$116Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$265K
Total revenueLn 12$265K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.41 Management & general $0.59
Program services41%$116K
Management & general59%$165K
Total functional expensesLn 25$281K

Balance Sheet

Part X · end of year
CashLn 1$2K
Total assetsLn 16$133K
Total liabilitiesLn 26$28K
Total net assetsLn 32$105K
Months of cash on handcomputed0.1

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2K · Operating expenses/yr $281K
0.1 months
Where the money goes
Program services
Program services $116K · Total expenses $281K
41%
Management & General
Management & general $165K · Total expenses $281K
59%
Fundraising
Fundraising $0 · Total expenses $281K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $185K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $265K · Total revenue $265K
100%
Government reliance
Government grants — · Total revenue $265K
Earned-income share
Program service revenue $0 · Total revenue $265K
0%
Investment reliance
Investment income $0 · Total revenue $265K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $281K
0%
Growth & trend
Revenue growth (YoY)
This year $265K · Prior year $221K
+20%
Net-asset trend (YoY)
End of year $105K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $265K · Expenses $281K
-6%
Liabilities-to-Assets
Total liabilities — · Total assets $133K
Net-asset ratio
Net assets $105K · Total assets $133K
79%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $133K
0%
People & payroll
Highest Reported Total Compensation
Individual James Andre Prince · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $281K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $22K · Total expenses $281K
8%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 41%
Overhead ratio 59%
Fundraising cost ratio 0%
Revenue growth 20%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$16
Grants paid · 3 grants · $98K · 2020–2022
Gracehub INCTX · FY2022$75,000
Various IndividualsFY2021$14,394
Texas Southern UniversityFY2020$8,334

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$238K revenue · ⤓ 990 PDF
FY2023$189K revenue · ⤓ 990 PDF
FY2022$265K revenue · viewing · ⤓ 990 PDF
FY2021$221K revenue · ⤓ 990 PDF
FY2020$72K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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