Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
PROMETHEAN FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)624 E REELFOOT AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
UNION CITY, TN38261
A Employer identification number

20-1690784
B Telephone number (see instructions)

(731) 884-0088
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$5,261J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 1,625,357
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...      
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,625,357 0  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 141,810     141,810
15 Pension plans, employee benefits....... 31,506     31,506
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
8,126 200   7,926
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
1,073    
20 Occupancy.............. 14,247     14,247
21 Travel, conferences, and meetings....... 26,124     26,124
22 Printing and publications.......... 5,465     5,465
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
187,885     187,885
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 416,236 200   414,963
25 Contributions, gifts, grants paid....... 1,335,708 1,335,708
26 Total expenses and disbursements. Add lines 24 and 25 1,751,944 200   1,750,671
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -126,587
b Net investment income (if negative, enter -0-) 0
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 130,774 5,261 5,261
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow125,055
Less: accumulated depreciation (attach schedule) right arrow120,972 5,157 Click to see attachment
List of Attached Documents:
// Content
4,083 		 
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
200 		Click to see attachment
List of Attached Documents:
// Content
200 		 
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 136,131 9,544 5,261
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 136,131 9,544
29 Total net assets or fund balances (see instructions)..... 136,131 9,544
30 Total liabilities and net assets/fund balances (see instructions). 136,131 9,544
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
136,131
2
Enter amount from Part I, line 27a .....................
2
-126,587
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
9,544
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
9,544
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 0
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3  
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5  
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a  
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7  
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
 
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrow
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
 
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowTEENA JARMON, FOUNDATION Telephone no.right arrow (731) 884-0088

Located atright arrow206 E REELFOOT AVENUEUNION CITYTN ZIP+4right arrow38261
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
 
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
HADLEY MALONE PRESIDENT/DI
1.00 		0 0 0
334 WYNRIDGE DRIVE
TROY,TN38260
WILLIAM MARTIN SISCO DIRECTOR
000.00 		0 0 0
800 S FIRST
UNION CITY,TN38261
DAN BOYKIN TREASURER/DI
000.00 		0 0 0
715 MERCER STREET
UNION CITY,TN38261
ROGER WILLIAMS DIRECTOR
000.00 		0 0 0
5663 OLD TROY HICKMAN ROAD
UNION CITY,TN38261
MICHEAL PAUL MILLER SECRETARY/DI
000.00 		0 0 0
1205 HENDERSON STREET
UNION CITY,TN38261
VIKKI HAYSLETT DIRECTOR
000.00 		0 0 0
1317 S SUNSWEPT DR
UNION CITY,TN38261
KEITH RILEY DIRECTOR
000.00 		0 0 0
2210 STONEWALL DR
UNION CITY,TN38261
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 ALL FUNDS ARE TO PROVIDE DAYCARE SCHOLARSHIPS FOR QUALIFYING APPLICANTS. THESE SCHOLARSHIP RECIPIENTS WILL BE PROVIDED WITH DAYCARE IN A QUALIFYING DAYCARE FACILITY THAT MEETS THE MORAL, SOCIAL, AND EDUCATIONAL VALUES THAT THE FOUNDATION FEELS ARE NECESSARY TO PROVIDE AN EXCELLENT BACKGROUND FOR A SUCCESSFUL LIFE. THESE APPLICANTS WILL BE MONITERED THROUGHOUT THEIR SCHOOL YEARS. THE SCHOLARSHIPS ARE PAID DIRECTLY TO THE DAYCARE FACILITIES. THESE SCHOLARSHIPS WERE PAID TO LITTLE LAMBS TWO. 263,835
2 THESE SCHOLARSHIPS WERE PAID TO CHILDRENS CORNER. SEE ITEM 1 FOR DETAIL OF SCHOLARSHIP ACTIVITY. 200,908
3 THESE SCHOLARSHIPS WERE PAID TO PUMPKIN PATCH. SEE ITEM 1 FOR DETAIL OF SCHOLARSHIP ACTIVITY. 122,273
4 THESE SCHOLARSHIPS WERE PAID TO FIRST FRIENDS. SEE ITEM 1 FOR DETAIL OF SCHOLARSHIP ACTIVITY. 139,477
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
0
b
Average of monthly cash balances.......................
1b
0
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
0
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
0
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
0
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
0
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
0
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
 
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
 
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
 
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
 
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
0
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
1,750,671
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,750,671
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 0
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,750,671
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount.....  
e Remaining amount distributed out of corpus 1,750,671
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,750,671
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		1,751,944
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
TEENA JARMONCO PROMETHEAN FOUND
206 E REELFOOT AVE
UNION CITY,TN38261
(731) 884-0088
PROMETHEAN@BELLSOUTH.NET
bThe form in which applications should be submitted and information and materials they should include:
MUST COMPLETE THE APPLICATION PROVIDED BY THE FOUNDATION
cAny submission deadlines:
PRIOR TO AND FOLLOWING THE BIRTH OF THE CHILD FOR WHICH THE SCHOLARSHIP IS BEING REQUESTED.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE APPLICANTS MUST LIVE IN OBION COUNTY, TENNESSEE. THE SCHOLARSHIPS ARE FOR QUALIFYING DAYCARE TO NEWBORNS THROUGH SCHOOL AGE, WITH THE REQUIREMENT THAT THEIR PROGRESS BE MONITORED THROUGHT OUT THEIR SCHOOL YEARS. THE SCHOLARSHIPS ARE ONLY PAID TO DAYCARES WHICH ARE APPROVED AND MONITORED BY THE FOUNDATION.
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year
CHILDREN'S CORNER


1411 OAK STREET
UNION CITY,TN38261 		NONE   QUALIFYING DAYCARE SCHOLARSHIPS 139,477
FIRST FRIENDS


420 EAST MAIN STREET
UNION CITY,TN38261 		NONE   QUALIFYING DAYCARE SCHOLARSHIPS 200,908
KARE BARE


500 EAST CHURCH STREET
UNION CITY,TN38261 		NONE   QUALIFYING DAYCARE SCHOLARSHIPS 88,358
LITTLE LAMBS


718 EAST VINE STREET
UNION CITY,TN38261 		NONE   QUALIFYING DAYCARE SCHOLARSHIPS 76,483
LITTLE LAMBS TWO


718 EAST VINE STREET
UNION CITY,TN38261 		NONE   QUALIFYING DAYCARE SCHOLARSHIPS 263,835
PUMPKIN PATCH


1811 OLD TROY ROAD
UNION CITY,TN38261 		NONE   QUALIFYING DAYCARE SCHOLARSHIPS 122,273
PUMPKIN PATCH TWO


308 BROADWAY
SOUTH FULTON,TN38257 		NONE   QUALIFYING DAYCARE SCHOLARSHIPS 71,768
SMALL WORLD


1733 OLD RIVES DRIVE
UNION CITY,TN38261 		NONE   QUALIFYING DAYCARE SCHOLARSHIPS 76,354
UC ELEMENTARY PRE-K KIDS CLUB


408 S DEPOT STREET
UNION CITY,TN38261 		NONE   QUALIFYING DAYCARE SCHOLARSHIPS 28,010
KIMGS AND QUEENS


345 HARRISON STREET
UNION CITY,TN38261 		NONE   QUALIFYING DAYCARE SCHOLARSHIP 120,199
STEPPING STONES


1133 CYPRESS CREEK ROAD
MARTIN,TN38237 		NONE   QUALIFYING DAY CARE SCHOLARSHIP 43,851
KINGDOM KIDS


SOUTH FULTON
SOUTH FULTON,TN38257 		NONE   QUALIFYING DAYCARE SCHOLARSHIP 98,563
TINY TORNADO ACADEMY


408 S DEPOT STREET
UNION CITY,TN38261 		NONE   QUALIFYING DAYCARE SCHOLARSHIP 5,629
Total .................................right arrow 3a 1,335,708
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....          
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		         
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..      
13Total. Add line 12, columns (b), (d), and (e)..................
13
 
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
3 USED TO PROVIDE PRESCHOOL DAYCARE SCHOLARSHIPS AND THE ADMINISTRATIVE ACTIVITIES THAT RUN THE FOUNDATION. 2004 WAS THE START UP YEAR WITH ONLY 1 CHILD IN THE PROGRAM. THE ADMINISTRATIVE FUNCTION IS TO SCREEN THE APPLICANTS AND TO MONITOR THE PRESCHOOLS AND THE PROGRESS OF THE APPLICANTS. THE 2005 AND 2006 GOAL WAS 200 AND 300 CHILDREN, RESPECTIVELY. AT PRESENT, THE FOUNDATION HAS APPROXIMATELY 255 PLUS CHILDREN IN THE PROGRAM. THESE SCHOLARSHIPS PAY FOR DAYCARE FOR NEWBORNS THROUGH SCHOOL IN AN EDUCATION AND MORALLY ENRICHED ATMOSPHERE WITH THE HOPES THAT THIS WILL GIVE THEM A HEAD START IN THEIR EDUCATIONALLY PROCESS. THE PARENTS AGREE TO ALLOW THE FOUNDATION TO MONITOR THEIR PROGRESS AT THE DAYCARE AS WELL AS THROUGH THEIR SCHOOL YEARS TO SEE IF THIS PROJECT REACHES ITS DESIRED RESULTS OF BETTER EDUCATED AND BEHAVED CHILDREN.
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
PROMETHEAN FOUNDATION INC
 
Employer identification number

20-1690784
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
PROMETHEAN FOUNDATION INC
  		Employer identification number
20-1690784
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
ROBERT E&JENNY D KIRKLAND FOUNDATION
 
760 SANDERS CHAPEL ROAD
 
UNION CITY, TN38261

$ 1,624,540


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
PROMETHEAN FOUNDATION INC
  		Employer identification number

20-1690784
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
PROMETHEAN FOUNDATION INC
  		Employer identification number

20-1690784
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 DepreciationSchedule
Name:
PROMETHEAN FOUNDATION INC
EIN:
20-1690784
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
DESK 2004-10-01 668 668 S/L 7.0000        
PRINTER 2004-10-01 280 280 S/L 5.0000        
OFFICE EQUIPMENT 2004-10-01 530 530 S/L 7.0000        
OFFICE FURNITURE 2004-10-01 979 979 S/L 7.0000        
ARTICULATING KEYBOARD 2004-10-01 178 178 S/L 5.0000        
REFRIGERATOR 2004-10-04 112 112 S/L 7.0000        
OFFICE SIGN 2004-11-01 270 270 S/L 7.0000        
CAMERA 2004-12-01 249 249 S/L 7.0000        
COMPUTER - LORI 2005-05-17 1,200 1,200 S/L 5.0000        
OFFICE FURNITURE-LORI 2005-06-08 1,030 1,030 S/L 7.0000        
OFFICE-SOFTWARE 2005-06-21 919 919 S/L 3.0000        
PHONES 2005-06-21 132 132 S/L 7.0000        
DAYCARE COMPUTERS & SOFTWARE 2005-07-18 7,745 7,745 S/L 5.0000        
TIME CLOCK-DAYCARE 2005-08-30 1,930 1,930 S/L 7.0000        
SERVER 2005-08-30 1,133 1,133 S/L 5.0000        
HP PRINTER 2005-08-31 410 410 S/L 5.0000        
PHONES 2005-08-31 198 198 S/L 7.0000        
CHILDRENS DESK 2005-10-04 92 92 S/L 7.0000        
OFFICE FILE CABINET 2005-11-07 285 285 S/L 7.0000        
COMPUTER SYSTEM FOR DAYCARES 2006-03-23 32,322 32,322 S/L 5.0000        
5 COMPUTERS FOR DAYCARES 2006-10-23 11,881 11,881 S/L 5.0000        
SOFTWARE 2007-02-05 222 222 200DB 3.0000        
DAYCARE- COMPUTER PARTS 2007-09-11 206 206 200DB 5.0000        
SHELVING, CABINETS, DESK 2007-10-15 1,691 1,691 200DB 7.0000        
LEASEHOLD IMPROVEMENTS 2007-10-15 7,721 3,728 S/L 31.5000 245      
DESKS & FURNITURE 2007-11-06 389 389 200DB 7.0000        
DOOR CHIMES 2007-11-09 63 63 200DB 7.0000        
DELL LAPTOP SYSTEM 2007-11-14 916 916 200DB 5.0000        
PHONES & SIGNAL BOOSTER 2007-11-29 383 383 200DB 7.0000        
CHAIRS & CART 2007-11-29 599 599 200DB 7.0000        
DAYCARE EQUIPMENT 2008-06-01 2,196 2,196 200DB 7.0000        
OFFICE FURNITURE 2008-06-15 303 303 200DB 7.0000        
DELL INSPIRON 537S W/MONITOR-DAYCARE 2009-10-29 1,857 1,857 S/L 5.0000        
KODAK ESP9 PRINTER-DAYCARE 2009-10-29 250 250 S/L 5.0000        
KODAK EASY SHARE Z1485 DIGITAL CAMERA-DAYCARE 2009-10-29 305 305 S/L 7.0000        
TIME CLOCK 2010-03-10 760 760 S/L 7.0000        
COMPUTER 2010-12-20 2,515 2,515 S/L 5.0000        
VERIZON - PHONE 2011-01-20 354 354 S/L 7.0000        
5 IPADS W/COVERS & CABLE 2011-08-23 2,876 2,876 S/L 5.0000        
DAYCARE EQUIPMENT-IPAD 2 2012-06-15 6,449 6,449 S/L 5.0000        
VACUUM 2013-01-11 322 322 S/L 7.0000        
TABLES FOR BOARD 2013-01-11 300 300 S/L 7.0000        
APPLE IPADS FOR DAYCARE 2013-03-22 3,461 3,461 S/L 5.0000        
COMPUTER FOR CATHY 2013-07-19 2,133 2,133 S/L 5.0000        
BOOKCASES AND METAL SHELF 2013-11-15 1,660 1,660 S/L 7.0000        
IPADS 2014-01-27 1,532 1,532 S/L 5.0000        
COMPUTER EQUIP 2014-04-06 2,352 2,352 S/L 5.0000        
FURNITURE 2014-04-07 645 645 S/L 7.0000        
EQUIPMENT 2015-06-03 2,445 2,445 S/L 7.0000        
DELL COMPUTER 2015-09-04 1,192 1,192 S/L 5.0000        
TABLES 2016-07-08 422 392 S/L 7.0000 30      
OUTDOOR EQUIPMENT 2016-08-16 920 832 S/L 7.0000 88      
KITCHEN EQUIPMENT 2016-04-19 1,092 1,040 S/L 7.0000 52      
OUTDOOR EQUIPMENT 2016-05-24 817 769 S/L 7.0000 48      
PLAYGROUND EQUIP - LITTLE LAMBS 1 2016-03-29 1,948 1,878 S/L 7.0000 70      
PROJECTORS 2016-06-21 724 673 S/L 7.0000 51      
PLAY WITH A PURPOSE 2016-02-08 3,213 3,175 S/L 7.0000 38      
CHAIRS 2016-05-27 681 640 S/L 7.0000 41      
FILING CABINET 2016-06-21 479 445 S/L 7.0000 34      
RUBBER MATS-KARE BEAR 2016-10-25 657 579 S/L 7.0000 78      
KINDLES 2016-06-21 368 368 S/L 5.0000        
DELL COMPUTER 2017-04-18 1,000 1,000 200DB 5.0000        
RIDING TOYS 2017-09-29 1,642 1,642 200DB 5.0000        
DELL LAPTOP 2018-05-08 687 641 S/L 5.0000 46      
FILING CABINETS 2018-01-25 898 631 S/L 7.0000 128      
SHELVES 2018-08-07 867 547 S/L 7.0000 124      

TY 2023 LandEtcSchedule2
Name:
PROMETHEAN FOUNDATION INC
EIN:
20-1690784
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
COMPUTERS, FURN & EQUIPMENT 125,055 120,972 4,083  


TY 2023 OtherAssetsSchedule
Name:
PROMETHEAN FOUNDATION INC
EIN:
20-1690784
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
RENT & UTILITY DEPOSITS 200 200  


TY 2023 OtherExpensesSchedule
Name:
PROMETHEAN FOUNDATION INC
EIN:
20-1690784
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
BOARD EXP-ADVISORY 15,098     15,098
BOARD EXP-PROMETHEAN 4,619     4,619
BOARD EXP-OTHER BOARD EXP 1,947     1,947
DAYCARE IMP-COMPLIANCE INC 13,892     13,892
DAYCARE IMP-CURRICULUM MATERI 18,239     18,239
DAYCARE IMP-TEACHER TRAINING 14,470     14,470
DAYCARE-TRAINING REIMBURSE 17,730     17,730
EDUCATION-PROFESSIONAL CONSUL 125     125
EDUCATION-PROF DEVELOPMENT 20,292     20,292
OFFICE-BUILDING MAINTENANCE&S 15,138     15,138
OFFICE-EXPENDABLE OFFICE SUPP 13,193     13,193
OFFICE-EQUIPMENT & COMPUTER E 14,379     14,379
OFFICE-FURNITURE 11,476     11,476
OFFICE-PHONE & INTERNET 3,295     3,295
RESEARCH - MISCELLANEOUS 3,210     3,210
OTHER MISCELLAENOUS LABOR 20,782     20,782


TY 2023 OtherProfessionalFeesSchedule
Name:
PROMETHEAN FOUNDATION INC
EIN:
20-1690784
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL AND OTHER 8,126 200   7,926