MISSION
The purpose of this organization is to provide broader educational and entrepreneurial resources for marginalized populations while providing opportunities for economic empowerment within disenfranchised communities.
DEMOGRAPHIC
ADDRESS
7603 BRAESDALE LN
77071
COUNTY
harris county, TX
IN CARE OF NAME
LOTT BROOKS
ORGANIZATIONAL OVERVIEW & RANKINGS
7 DEGREES FOUNDATION is a based in HOUSTON, TX, focused on Arts, Culture and Humanities causes , specifically Arts Education. Established in September 2020, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $0.00, this ranks 2,538,537 among 2,656,690 nonprofits nationally (Top 96%), demonstrating developing financial capacity relative to its peers. At the state level, it stands at 200,038 out of 202,022 organizations in TX (Top 100%).
In harris county, TX, the organization ranks 26,123 out of 30,926 nonprofits by assets (Top 85%), while locally in houston, it stands at 15,369 among 22,220 organizations (Top 70%).
The organization reported no revenue in the most recent filing period, placing it at 2,003,781 nationally and 161,537 in TX.
Within its specific NTEE classification (A25 - A: Arts, Culture and Humanities), which includes 5,943 similar organizations, 7 DEGREES FOUNDATION ranks 5,629 in assets (Top 95%) and 5,627 in revenue (Top 95%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2023 .
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
A: Arts, Culture and Humanities
NTEE CODE
A25: Arts Education
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Note: A current revocation appears on the IRS revocation list
Revoked: Monday, May 15, 2023;
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.
TAX PERIOD
N/A
ACCOUNTING PERIOD
12
INCOME CODE
N/A
INCOME AMOUNT
$0.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
09/2020
ASSET CODE
N/A
ASSET AMOUNT
$0.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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