Hess Foundation Inc in Birmingham, Alabama (AL)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Other organizations in Alabama
| Hess Foundation Inc | |
| Employer Identification Number (EIN) | 636056717 |
| Name of Organization | Hess Foundation Inc |
| Address | 1015 Financial Ctr, Birmingham, AL 35203-4600 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 12/1966 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $45,557 |
| Amount of Income | $102,026 |
| Form 990 Revenue Amount | $51,527 |
Non-representatives - add comments:
Revenue for 2012
Expenses for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $102,026 | $26 | $0 | |
| Contributions, gifts, grants, etc., received | $102,000 | |||
| Interest on savings and temporary cash investments | $26 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $99,036 | $441 | $0 | $98,645 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $879 | $441 | $488 | |
| Contributions, gifts, grants paid | $98,157 | |||
| Excess of revenue over expenses and disbursements | $2,990 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $45,557 | $45,557 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $45,557 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $45,557 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| 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 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $57,931 |
| Net value of noncharitable-use assets | $57,060 |
| Minimum investment return | $2,853 |
| Distributable Amount (for 2012) | |
| Distributable amount | $2,853 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $2,853 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Other organizations in Alabama | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Herbert F Cheek Charitable Trust | PO BOX 2886, Mobile, AL 36652-2886 | AL | 1986-03 | $7,948 |
| 2 | Heritage Center For Human And Community Development Inc | 516 19th St N, Bessemer, AL 35020-4870 | AL | 1998-12 | $156,668 |
| 3 | Heritage Home Inc | 582 Shields Rd, Huntsville, AL 35811-8966 | AL | 2004-07 | $966,077 |
| 4 | Heritage To Hope Foundation Inc | 4074 Highland Ridge Rd, Birmingham, AL 35242-3892 | AL | 1999-07 | $93,666 |
| 5 | Heritage Training And Career Center | 2249 Cong W L Dickinson Dr, Montgomery, AL 36109-2611 | AL | 2008-05 | $109,921 |
| 6 | Herman And Emmie Bolden Foundation | PO BOX 360028, Birmingham, AL 35236-0028 | AL | 1983-02 | $1,486,133 |
| 7 | Herman Pair Ministries Incorporated | 136 Twin Oaks Dr, Oneonta, AL 35121-2916 | AL | 2005-01 | $36,990 |
| 8 | Hermitage Inc | PO BOX 4, Trussville, AL 35173-0004 | AL | 1983-06 | $43,184 |
| 9 | Heron Lakes At Skyline Owners Association Inc | 1148 Heron Lakes Circle, Mobile, AL 36693 | AL | 2002-08 | $0 |
| 10 | Heron Lakes Country Club | 3851 Government Blvd, Mobile, AL 36693-4314 | AL | 1957-11 | $2,414,405 |
| 11 | Hess Foundation Inc | 1015 Financial Ctr, Birmingham, AL 35203-4600 | AL | 1966-12 | $102,026 |
| 12 | Hidden Angel Foundation Inc | 211 Golden Pond Rd, Ashville, AL 35953-4571 | AL | 2006-06 | $142,076 |
| 13 | Hidden Trace & Stone Crest Homeowners Association | 2700 Highway 280 East Suite 425, Birmingham, AL 35223 | AL | 2007-08 | $0 |
| 14 | Higher Education Partnership | 2 North Jackson Street, Montgomery, AL 36104-3803 | AL | 1998-01 | $562,495 |
| 15 | Higher Ground Inc | Po Box 130015, Birmingham, AL 35213 | AL | 1990-07 | $66,025 |
| 16 | Highland Park Christian Child | PO BOX 2021, Muscle Shoals, AL 35662-2021 | AL | 2006-09 | $253,776 |
| 17 | Highlands Day School Foundation | 4901 Old Leeds Rd, Mountain Brk, AL 35213-1807 | AL | 1959-09 | $4,689,919 |
| 18 | Highway 280 Forest Parks Residential Association Inc | 2700 Highway 280 E Ste 425, Birmingham, AL 35223 | AL | 2001-05 | $45,934 |
| 19 | Hill Crest Foundation Inc | PO BOX 530507, Mountain Brk, AL 35253-0507 | AL | 1991-04 | $5,656,136 |
| 20 | Hillabee Towers Inc | 801 Tallapoosa St, Alexander City, AL 35010-1552 | AL | 1981-09 | $861,486 |
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