HASSELMANN PROSPEKTA TRUST- MARJORY'S A

Address
10497 TOWN COUNTRY WAY SUITE 520
HOUSTON, TX 77024
Contact
Phone: +1 (713) 932-0409
Nonprofit
NTEE: T90 - Named Trusts/Foundations N.E.C.
EIN: 76-6102667

Mission

THE ORGANIZATION'S MISSION IS TO SUPPORT THE EDUCATIONAL PURPOSES OF RICE UNIVERSITY BY ESTABLISHING AND MAINTAINING THE KARL F. HASSELMANN CHAIR IN ENGINEERING, BY PROVIDING FUNDING FOR ENGINEERING RESEARCH AND BY PROVIDING FINANCIAL ASSISTANCE TO STUDENTS OF ENGINEERING AT RICE UNIVERSITY.
 20172016201520142013
Basic features of the organization
Year of formation1997
Subsection code03
PF filing required0    
Metropolitan statistical area3362
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$3,019.00$7,172.00$8,114.00$8,191.00 
Sum of reportable (W2/1099) compensation$3,019.00$7,172.00$8,114.00 $9,547.00
Number of employees00000
Personnel
Kesterson, Ronald
TitleTRUSTEETRUSTEETRUSTEETRUSTEETRUSTEE
Name of key/compensated personRONALD W KESTERSONRONALD W KESTERSONRONALD W KESTERSONRONALD W KESTERSONRONALD W KESTERSON
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org20.0020.0020.00 20.00
Reportable compensation from org$3,019.00$7,172.00$8,114.00$0.00$9,547.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs  0.00  
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTHE ORGANIZATION'S MISSION IS TO SUPPORT THE EDUCATIONAL PURPOSES OF RICE UNIVERSITY BY ESTABLISHING AND MAINTAINING THE KARL F. HASSELMANN CHAIR IN ENGINEERING, BY PROVIDING FUNDING FOR ENGINEERING RESEARCH AND BY PROVIDING FINANCIAL ASSISTANCE TO STUDENTS OF ENGINEERING AT RICE UNIVERSITY.THE ORGANIZATION'S MISSION IS TO SUPPORT THE EDUCATIONAL PURPOSES OF RICE UNIVERSITY BY ESTABLISHING AND MAINTAINING THE KARL F. HASSELMANN CHAIR IN ENGINEERING, BY PROVIDING FUNDING FOR ENGINEERING RESEARCH AND BY PROVIDING FINANCIAL ASSISTANCE TO STUDENTS OF ENGINEERING AT RICE UNIVERSITY.THE ORGANIZATION'S MISSION IS TO SUPPORT THE EDUCATIONAL PURPOSES OF RICE UNIVERSITY BY ESTABLISHING AND MAINTAINING THE KARL F. HASSELMANN CHAIR IN ENGINEERING, BY PROVIDING FUNDING FOR ENGINEERING RESEARCH AND BY PROVIDING FINANCIAL ASSISTANCE TO STUDENTS OF ENGINEERING AT RICE UNIVERSITY.THE ORGANIZATION'S MISSION IS TO SUPPORT THE EDUCATIONAL PURPOSES OF RICE UNIVERSITY BY ESTABLISHING AND MAINTAINING THE KARL F. HASSELMANN CHAIR IN ENGINEERING, BY PROVIDING FUNDING FOR ENGINEERING RESEARCH AND BY PROVIDING FINANCIAL ASSISTANCE TO STUDENTS OF ENGINEERING AT RICE UNIVERSITY.THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO SUPPORT THE EDUCATIONAL PURPOSES OF THE ENGINEERING DEPARTMENT AT RICE UNIVERSITY BY PROVIDING THE FUNDING NECESSARY TO ESTABLISH AND MAINTAIN THE KARL F. HASSELMANN CHAIR IN ENGINEERING
Program service expenses, total$388,827.00$423,978.00$706,448.00$863,512.00$772,300.00
Programs, including revenue & expenses
THE ORGANIZATION'S MISSION IS TO SUPPORT THE EDUCATIONAL PURPOSES OF RICE UNIVERSITY BY ESTABLISHING AND MAINTAINING THE KARL F. HASSELMANN CHAIR IN ENGINEERING, BY PROVIDING FUNDING FOR ENGINEERING RESEARCH AND BY PROVIDING FINANCIAL ASSISTANCE TO STUDENTS OF ENGINEERING AT RICE UNIVERSITY.
Program expenses$309,288.00$330,625.00$578,480.00$855,236.00 
Grants and allocations made$300,000.00$325,000.00$572,000.00$850,000.00 
Program descriptionTHE ORGANIZATION'S MISSION IS TO SUPPORT THE EDUCATIONAL PURPOSES OF RICE UNIVERSITY BY ESTABLISHING AND MAINTAINING THE KARL F. HASSELMANN CHAIR IN ENGINEERING, BY PROVIDING FUNDING FOR ENGINEERING RESEARCH AND BY PROVIDING FINANCIAL ASSISTANCE TO STUDENTS OF ENGINEERING AT RICE UNIVERSITY.THE ORGANIZATION'S MISSION IS TO SUPPORT THE EDUCATIONAL PURPOSES OF RICE UNIVERSITY BY ESTABLISHING AND MAINTAINING THE KARL F. HASSELMANN CHAIR IN ENGINEERING, BY PROVIDING FUNDING FOR ENGINEERING RESEARCH AND BY PROVIDING FINANCIAL ASSISTANCE TO STUDENTS OF ENGINEERING AT RICE UNIVERSITY.THE ORGANIZATION'S MISSION IS TO SUPPORT THE EDUCATIONAL PURPOSES OF RICE UNIVERSITY BY ESTABLISHING AND MAINTAINING THE KARL F. HASSELMANN CHAIR IN ENGINEERING, BY PROVIDING FUNDING FOR ENGINEERING RESEARCH AND BY PROVIDING FINANCIAL ASSISTANCE TO STUDENTS OF ENGINEERING AT RICE UNIVERSITY.THE ORGANIZATION'S MISSION IS TO SUPPORT THE EDUCATIONAL PURPOSES OF RICE UNIVERSITY BY ESTABLISHING AND MAINTAINING THE KARL F. HASSELMANN CHAIR IN ENGINEERING, BY PROVIDING FUNDING FOR ENGINEERING RESEARCH AND BY PROVIDING FINANCIAL ASSISTANCE TO STUDENTS OF ENGINEERING AT RICE UNIVERSITY. 
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO SUPPORT EDUCATIONAL PURPOSES OF THE ENGINEERING DEPARTMENT AT RICE UNIVERSITY BY PROVIDING THE FUNDING NECESSARY TO ESTABLISH AND MAINTAIN THE KARL F. HASSELMANN CHAIR IN ENGINEERING.
Program expenses    $762,753.00
Grants and allocations made    $650,000.00
Program description    THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO SUPPORT EDUCATIONAL PURPOSES OF THE ENGINEERING DEPARTMENT AT RICE UNIVERSITY BY PROVIDING THE FUNDING NECESSARY TO ESTABLISH AND MAINTAIN THE KARL F. HASSELMANN CHAIR IN ENGINEERING.
Financial data
Revenue
Total revenue$372,907.00$387,867.00$708,810.00$811,398.00$927,290.00
Revenue from contributions (total)  $0.00$0.00$0.00
Investment income, current yr$284,983.00$326,126.00$443,243.00$764,377.00$927,290.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$87,924.00$61,741.00$265,567.00$47,021.00$0.00
Program service revenue (total)  $0.00$0.00$0.00
Gross receipts$372,907.00$387,867.00$708,810.00$811,398.00$927,290.00
Other types of revenue
Miscellaneous revenue (total)$87,924.00$61,741.00$265,567.00$47,021.00 
Income from dividends, interest, and similar investments$284,983.00$326,126.00$443,243.00$764,377.00$927,290.00
Net rental income  $0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$389,859.00$424,603.00$707,168.00$864,094.00$772,724.00
Total functional expenses: program service $388,827.00$423,978.00$706,448.00$863,512.00$772,300.00
Total functional expenses: management and general$1,032.00$625.00$720.00$582.00$424.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Legal fees (total)$4,570.00$1,000.00$1,450.00$1,000.00 
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$566,002.00$582,954.00$619,690.00$618,048.00$670,744.00
Total assets, beginning of year$582,954.00$619,690.00$618,048.00$670,744.00$516,278.00
Total liabilities$0.00$0.00$0.00$0.00$0.00
Total liabilities, beginning of year    $100.00
Net assets$566,002.00$582,954.00$619,690.00$618,048.00$670,744.00
Net assets, beginning of year$582,954.00$619,690.00$618,048.00$670,744.00$516,178.00
Other assets$464,466.00$464,466.00$464,466.00$464,466.00$464,466.00
Other financial variables
Revenue less expenses-$16,952.00-$36,736.00$1,642.00-$52,696.00$154,566.00
Savings & temp cash investment$101,536.00$118,488.00$155,224.00$153,582.00$206,278.00
Total net assets or fund balances$566,002.00$582,954.00$619,690.00$618,048.00$670,744.00
Governance and accountability
Number of voting members11112
Number of independent voting members11112
Cash accountingTrueTrueTrueTrueTrue
Tax year start date2017-01-012016-01-012015-01-012014-01-012013-01-01
Tax year end date2017-12-012016-12-012015-12-012014-12-012013-12-01
Indicators for schedules (selected)
Grants to domestic org/gov't >$5kTrueTrueTrueTrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Reason for form submission
Amended return   True 
Date e-filing submitted2018-09-102017-12-012016-12-062016-01-142014-10-22
IRS schema version2017v2.32016v3.02015v2.12014v5.02013v3.1
Filing identifier201821419349300642201732629349301113201602179349300325201542879349301429201411759349300006
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