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Nonprofiteer
← LADIES INTO PURCHASING STOCK INC

Form 990 for tax year 2024

Filed by LADIES INTO PURCHASING STOCK INC.

Totals

Total revenue
$183,644
Total expenses
$186,552
Contributions and grants received
$27,851
Grants paid
$181,909
Program service revenue
$11,775
Investment income
$757
Other revenue
$143,261
Total assets, end of year
$98,061
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$98,061
Program services expenses (Part IX)
$181,909
Management and general expenses
$4,643
Fundraising expenses
$0
Program service expenses (Part III)
$181,909

Program services were 97.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $27,851

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $11,775 · related or exempt $11,775

  • 3 · Investment income

    total $757 · excluded $757

  • 8a · Fundraising events: gross income

    $174,032

  • 8b · Fundraising events: direct expenses

    $30,771

  • 8c · Net income from fundraising events

    total $143,261

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $181,909 · program services $181,909

  • 11c · Fees: accounting

    total $510 · management and general $510

  • 13 · Office expenses

    total $2,748 · management and general $2,748

  • 19 · Conferences, conventions and meetings

    total $490 · management and general $490

  • 23 · Insurance

    total $895 · management and general $895

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year -$1

  • 2 · Savings and temporary cash investments

    beginning of year $100,469 · end of year $97,562

  • 15 · Other assets

    beginning of year $500 · end of year $500

  • 31 · Retained earnings, endowment or other funds

    beginning of year $100,969 · end of year $98,061

Mission and programs · 2024

Mission

RAISE FUNDS FOR SCHOLARSHIPS AND OTHER EDUCATIONAL PROGRAMS FOR TEXAS YOUTH

  • THE ORGANIZATION HELD A NUMBER OF FUND-RAISING EVENTS DURING THE FYE 6/30/25 BRINGING IN A TOTAL OF 174,032. FIVE OF THE EVENTS RAISED MORE THAN 5,000. DIRECT FUND-RAISING EXPENSES TOTALED 30,771. PROGRAM SERVICE GRANTS OF 181,909 WERE PAID DURING THIS FISCAL YEAR TO THE HOUSTON LIVESTOCK SHOW & RODEO FOR THEIR VARIOUS PROGRAMS BENEFITING TEXAS YOUTH. HLS&R IS ALSO A 501(C)(3) ORGANIZATION.

    Expenses $181,909 · Grants $181,909 · Revenue $174,032

As filed on the 2024 return.

Listed in Part VII

  • Sharron Grammer

    TREASURER

    Total calculated
    $0
    Hours/week
    6

  • Sharon Simmons

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Susan Terry

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
6 August 2025
IRS schema version
2024v5.0
Source object
202542209349301424

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