House Charitable Foundation in Shoal Creek, Alabama (AL)

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House Charitable Foundation
Employer Identification Number (EIN)200521342
Name of OrganizationHouse Charitable Foundation
In Care of NameVann Russell
Address7 Montagel Way, Shoal Creek, AL 35242-5945
SubsectionCharitable Organization
Ruling Date02/2004
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period11/2010
Assets$25,000 to $99,999
Income$10,000 to $24,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$38,179
Amount of Income$10,799
Form 990 Revenue Amount$212
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations


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Amount of income in 2010: $10,799 (it was $212 in 2011)
House Charitable Foundation: 

 $10,799
Other organizations performing similar types of work: 

 $103,138

Assets in 2010: $38,179 (it was $21,241 in 2011)
House Charitable Foundation: 

 $38,179
Other organizations performing similar types of work: 

 $338,623

Expenses in 2011: $17,150
This organization: 

 $17,150
Other organizations performing similar types of work: 

 $46,867

Income to expenses ratio in 2011: 0.6
This organization: 

 0.6
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2011: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 79.6%

Financial snapshot ($)

Expenses for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$212$212$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$212
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$17,150$150$0$17,150
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$150$150$150
Contributions, gifts, grants paid$17,000
Excess of revenue over expenses and disbursements$-16,938
Net investment income$62
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$21,241$19,815
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$0
Investments-corporate stock$13,982
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Other$7,259
Total liabilities$0
Total liabilities and net assets/fund balances$21,241
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$0
Net capital loss$0
Excise Tax Based on Investment Income (for 2011)
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
Amount to be credited to 2012 estimated tax$0
Statements Regarding Activities (for 2011)
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 2011 or the taxable year beginning in 2011?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011)
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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011?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 2011)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$23,921
Net value of noncharitable-use assets$23,560
Minimum investment return$1,178
Distributable Amount (for 2011)
Distributable amount$1,178
Undistributed Income (for 2011)
Distributable amount for 2011$1,178
Undistributed income for 2011. This amount must be distributed in 2012$0
Private Operating Foundations (for 2011)
2011201020092008Total
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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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Raymond J And Kathryn D Harbert Foundation2100 3rd Ave N Ste 600, Birmingham, AL 35203-3416AL2010-03$10,000,003
2Stokes And Sarah Brown Charitable FoundationPO BOX 2886, Mobile, AL 36652-2886AL2005-09$5,927,875
3The Herman And Emmie Bolden Charitable TrustPO BOX 360028, Birmingham, AL 35236-0028AL2014-02$3,233,552
4The Ernestine L@lenoir Charitable TrustPO BOX 32, Butler, AL 36904-0032AL2000-01$3,040,491
5The@warren Family Foundation5206 Mountain Ridge Pkwy, Birmingham, AL 35222-4143AL2001-04$2,223,825
6Alabama Institute Of MedicinePO BOX 43734, Birmingham, AL 35243-0734AL2014-02$2,051,087
7Pete M Hanna Charitable Foundation4527 Southlake Pkwy, Hoover, AL 35244-3238AL2011-05$2,002,596
8Betty Mcgowin Charitable Tr 1212005531PO BOX 1628, Mobile, AL 36633-1628AL2015-02$1,760,632
9Cs & P Bell Family Foundation800 Shades Creek Pkwy Ste 125, Birmingham, AL 35209-4526AL2013-01$1,599,578
10Jay L Smith Family Foundation469 S Mcdonough St, Montgomery, AL 36104-4225AL2013-06$1,596,283
11The Christian Workers Foundation Of Alabama Inc5181 Desoto Caverns Parkway, Childersburg, AL 35044-5607AL2001-04$1,238,492
12Brooke Family Foundation4325 Altamont Rd, Birmingham, AL 35213-2407AL2009-08$1,145,504
13The Melvin And Virginia Hutson FoundationPO BOX 2716, Decatur, AL 35602-2716AL1984-12$1,084,679
14Zyne Family Foundation Inc2070 Montevallo Rd Sw, Birmingham, AL 35211-4426AL2010-01$937,874
15Meredith Birchfield Foundation323 Airport Road, Auburn, AL 36830-5702AL2014-11$921,913
16William A Burton Irrv Tr Dtd 2-23-10PO BOX 2886, Mobile, AL 36652-2886AL2012-08$910,601
17Sirmon Foundation5379 W State Highway 106, Georgiana, AL 36033-4118AL2004-02$778,843
18Guilford Houston Smith Jr Charitable Trust9021 Park Crest Rd, Vestavia, AL 35242-7523AL2014-02$542,402
19Mildred And Herbert Warner Memorial TrPO BOX 2886, Mobile, AL 36652-2886AL2012-09$526,601
20William David Gwin Sr Fam Foundation Tr, William David Gwin Sr Ttee1119 Government St, Mobile, AL 36604-2439AL2009-07$480,004
Number of organizations performing similar types of work
Alaska9
Alabama199
Arkansas82
Arizona267
California2,351
Colorado400
Connecticut391
District of Columbia107
Delaware405
Florida1,490
Georgia455
Hawaii86
Iowa147
Idaho73
Illinois1,069
Indiana261
Kansas152
Kentucky147
Louisiana127
Massachusetts713
Maryland422
Maine67
Michigan549
Minnesota327
Missouri308
Mississippi56
Montana59
North Carolina649
North Dakota15
Nebraska126
New Hampshire66
New Jersey849
New Mexico78
Nevada194
New York2,454
Ohio628
Oklahoma223
Oregon179
Pennsylvania935
Rhode Island181
South Carolina141
South Dakota32
Tennessee192
Texas1,225
Utah217
Virginia452
Vermont36
Washington375
Wisconsin334
West Virginia49
Wyoming61
International38
Total20,448

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