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Precious Stones Academy Inc

  • Houston, TX
  • Tax-exempt since Sept. 2016
  • EIN: 46-3383748

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Religion-Related, Spiritual Development / Christian (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$973k (2023)

Expenses
$456k (2023)

Total Assets
$1.18M (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2015 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$972,713
Expenses
$455,559
Net Income
$517,154
Net Assets
$1,178,686
Notable Sources of Revenue Percent of Total Revenue
Contributions $355,513
36.5%
Program Services $614,837
63.2%
Investment Income $2,363
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $124,321
27.3%
Professional Fundraising Fees $0
Other Salaries and Wages $126,022
27.7%
Assets/Debt
Total Assets $1,178,686
Total Liabilities $0
Net Assets $1,178,686
Compensation
Key Employees and Officers Compensation Related Other
Anetta Parker (Secretary) $0 $0 $0
Clint Douglas (Treasurer) $0 $0 $0
Lionel Parker Jr (President) $0 $0 $0

Document Links

990
Filed on April 24, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$779,568
Expenses
$462,723
Net Income
$316,845
Net Assets
$649,924
Notable Sources of Revenue Percent of Total Revenue
Contributions $524,619
67.3%
Program Services $238,949
30.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $16,000
2.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $115,721
25.0%
Professional Fundraising Fees $0
Other Salaries and Wages $72,685
15.7%
Assets/Debt
Total Assets $653,281
Total Liabilities $3,357
Net Assets $649,924
Compensation
Key Employees and Officers Compensation Related Other
Anetta Parker (Secretary) $77,845 $0 $0
Lionel Parker Jr (President) $37,876 $0 $0
Clint Douglas (Treasurer) $0 $0 $0

Document Links

990
Filed on Nov. 16, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$338,202
Expenses
$186,590
Net Income
$151,612
Net Assets
$258,078
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $338,202
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $70,319
37.7%
Professional Fundraising Fees $0
Other Salaries and Wages $38,345
20.6%
Assets/Debt
Total Assets $275,337
Total Liabilities $17,259
Net Assets $258,078
Compensation
Key Employees and Officers Compensation Related Other
Anetta Parker (Secretary) $70,319 $0 $0
Clint Douglas (Treasurer) $0 $0 $0
Lionel Parker Jr (President) $0 $0 $0

Document Links

990
Filed on Nov. 15, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$147,150
Expenses
$139,657
Net Income
$7,493
Net Assets
$106,466
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $147,150
100%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $123,304
Total Liabilities $16,838
Net Assets $106,466
Compensation
Key Employees and Officers Compensation Other
Lionel Parker Jr (President) $0 $0
Clint Douglas (Treasurer) $0 $0
Anetta Parker (Secretary) $0 $0

Document Links

990-EZ
Filed on April 15, 2021

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$144,664
Expenses
$137,418
Net Income
$7,246
Net Assets
$35,853
Notable Sources of Revenue Percent of Total Revenue
Contributions $24,100
16.7%
Program Services $120,564
83.3%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $37,169
Total Liabilities $1,316
Net Assets $35,853
Compensation
Key Employees and Officers Compensation Other
Lionel Parker Jr (President) $0 $0
Clint Douglas (Treasurer) $0 $0
Anetta Parker (Secretary) $0 $0

Document Links

990-EZ
Filed on Oct. 15, 2020

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$128,772
Expenses
$131,149
Net Income
-$2,377
Net Assets
$28,607
Notable Sources of Revenue Percent of Total Revenue
Contributions $19,039
14.8%
Program Services $109,733
85.2%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $29,923
Total Liabilities $1,316
Net Assets $28,607
Compensation
Key Employees and Officers Compensation Other
Lionel Parker Jr (President) $0 $0
Clint Douglas (Treasurer) $0 $0
Anetta Parker (Secretary) $0 $0

Document Links

990-EZ
Filed on April 4, 2019

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$120,144
Expenses
$81,729
Net Income
$38,415
Net Assets
$30,984
Notable Sources of Revenue Percent of Total Revenue
Contributions $10,500
8.7%
Program Services $109,644
91.3%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $31,801
Total Liabilities $817
Net Assets $30,984
Compensation
Key Employees and Officers Compensation Other
Lionel Parker Jr (President) $0 $0
Clint Douglas (Treasurer) $0 $0
Anetta Parker (Secretary) $0 $0

Document Links

990-EZ
Filed on March 1, 2018

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$71,770
Expenses
$69,449
Net Income
$2,321
Net Assets
-$7,431
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,000
1.4%
Program Services $70,748
98.6%
Investment Income $22
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $2,439
Total Liabilities $9,870
Net Assets -$7,431
Compensation
Key Employees and Officers Compensation Other
Anetta Parker (Secretary) $16,422 $0
Lionel Parker Jr (President) $0 $0
Andre E Sorrels (Treasurer) $0 $0

Document Links

990-EZ
Filed on May 11, 2017

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$32,355
Expenses
$43,257
Net Income
-$10,902
Net Assets
-$9,751
Notable Sources of Revenue Percent of Total Revenue
Contributions $11,561
35.7%
Program Services $20,794
64.3%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $8
Total Liabilities $9,759
Net Assets -$9,751

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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