Thea Foundation in N Little Rock, Arkansas (AR)

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Thea Foundation
Employer Identification Number (EIN)522356755
Name of OrganizationThea Foundation
In Care of NamePaul Leopoulos
Address401 Main St Ste 100, N Little Rock, AR 72114-5400
SubsectionCharitable Organization
Ruling Date03/2002
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$3,074,097
Amount of Income$1,665,303
Form 990 Revenue Amount$1,544,088
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Family Services


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Amount of income in 2013: $1,665,303 (it was $1,374,551 in 2012)
This organization: 

 $1,665,303
Other organizations performing similar types of work: 

 $87,774

Assets in 2013: $3,074,097 (it was $2,437,422 in 2012)
Thea Foundation: 

 $3,074,097
Other organizations performing similar types of work: 

 $32,098

Expenses in 2013: $959,940
This organization: 

 $959,940
Other organizations performing similar types of work: 

 $86,342

Income to expenses ratio in 2013: 1.7
This organization: 

 1.7
Other organizations performing similar types of work: 

 1.1

Number of employees in 2013: 8
This organization: 

 8
Other organizations performing similar types of work: 

 5

Grants share in income in 2013: 65.0%
Thea Foundation: 

 65.0%
Other organizations performing similar types of work: 

 100.0%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesYes
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesYes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?NoNo
Did the organization obtain separate, independent audited financial statements for the tax year?NoYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?YesYes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoNo
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?NoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?NoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
2010201120122013
The number reported in Box 3 of Form 1096000
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?NoNoNo
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return468
Did the organization file all required federal employment tax returns?YesYesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNoNo
Has it filed a Form 990-T for this year?NoNoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesNoNo
Did the organization notify the donor of the value of the goods or services provided?YesNoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities $0$0$0$0
Gross income from members or shareholders$0$0$0$0
Gross income from other sources$0$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$116,472$125,855
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$0$0
Total number of individuals who received more than $100,000 of reportable compensation from the organization00
Total number of independent contractors who received more than $100,000 of compensation from the organization00
Statement of Revenue
2010201120122013
Total revenue$746,859$704,402$1,275,344$1,544,088
Contributions, Gifts, Grants and Other Similar Amounts$738,707$644,888$1,180,733$1,003,494
Program Service Revenue$19,200$68,513$135,166$579,815
711300$63,254$126,938$430,856
711300$2,690$4,288$91,274
711300$2,081$2,960$23,580
711300$488$700$12,306
711300$0$280$11,625
All other program service revenue$0$0$10,174
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$294$2,003$5,487$25,864
Income from investment of tax-exempt bond proceeds$0$0$0$0
Royalties$0$0$0$0
Net rental income$-13,178$-5,065$-10,146$18,177
Gross rents (Real / Personal)$45,572 / $0$55,216 / $0$51,543 / $0$56,130 / $0
Less: rental expenses (Real / Personal)$58,750 / $0$60,281 / $0$61,689 / $0$37,953 / $0
Rental income or (loss) (Real / Personal)$-13,178 / $0$-5,065 / $0$-10,146 / $0$18,177 / $0
Net gain/loss from sales of assets other than inventory$0$-321$375$0
Net income/loss from fundraising events$0$-7,245$-36,242$-83,262
Gross income from fundraising events$0$2,755$499$0
Less: direct expenses$0$10,000$36,741$83,262
Net income/loss from gaming activities$0$0$0$0
Net income/loss from sales of inventory$0$1,629$-29$0
Miscellaneous Revenue$1,836$0$0$0
Statement of Functional Expenses
2010201120122013
Total functional expenses$435,605$651,738$814,742$959,940
Grants and other assistance to domestic organizations and domestic governments$0$0$0
Grants and other assistance to domestic individuals$64,500$64,500$69,150
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$72,000$74,249$77,988$125,855
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$31,917$46,287$173,625$179,167
Pension plan accruals and contributions$0$0$0
Other employee benefits$0$0$0
Payroll taxes$7,911$9,319$17,047$23,629
Fees for services (non-employees)
Management$0$0$0
Legal$0$0$0
Accounting$3,585$3,953$15,121
Lobbying$0$0$0
Professional fundraising services$0$0$0$0
Investment management fees$0$0$0
Other$0$466$3,548
Advertising and promotion$13,248$19,360$21,290
Office expenses$14,422$21,287$0
Information technology$8,559$5,700$0
Royalties$0$0$0
Occupancy$15,167$15,305$55,754
Travel$3,515$2,317$65,079
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$0$0$0
Interest$0$0$0
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$11,688$13,220$17,745
Insurance$3,745$2,929$3,606
Other expenses$259,036$224,582$169,214
Other expenses$95,242$146,641$133,715
Other expenses$14,309$12,266$28,576
Other expenses$10,274$10,753$12,063
Other expenses$0$0$36,428
Balance Sheet
2010201120122013
Total assets$1,880,090$1,928,568$2,437,422$3,074,097
Cash - non-interest-bearing$369,628$406,203$563,030
Savings and temporary cash investments$0$341,088$557,831
Pledges and grants receivable, net$0$0$217,550
Accounts receivable, net$1,820$9,063$23,117
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$0$1,225$6,954
Land, buildings, and equipment: cost or other basis$1,090,782$1,068,656$1,092,038
Investments - publicly traded securities$12,012$50,093$45,000
Investments - other securities$399,777$500,488$567,182
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$54,549$60,606$1,395
Total liabilities$6,511$7,255$14,948$33,962
Accounts payable and accrued expenses$2,956$12,397$32,567
Grants payable$0$0$0
Deferred revenue$933$0$0
Tax-exempt bond liabilities$0$0$0$0
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$3,366$2,551$1,395
Total net assets or fund balances$1,873,579$1,921,313$2,422,474$3,040,135
Unrestricted net assets$0$0$1,847,421
Temporarily restricted net assets$0$0$684,960
Permanently restricted net assets$0$0$507,754
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$1,873,579$1,921,313$2,422,474$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$4,457,512
Subtotal Support$4,457,512
Gifts, grants, contributions, and membership fees received$4,457,512
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$4,512,207
Public Support$4,457,512
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$54,695
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$22,700
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Schmieding Foundation TermPO BOX 1943, Springdale, AR 72765-1943AR1999-07$4,533,801
2Thea Foundation401 Main St Ste 100, N Little Rock, AR 72114-5400AR2002-03$1,665,303
3The C A L LPO BOX 25524, Little Rock, AR 72221-5524AR2007-07$798,857
499 Balloons IncPo Box 10934, Fayetteville, AR 72703AR2008-01$321,177
5The Steps IncPo Box 180038, Fort Smith, AR 72918AR2010-11$289,602
6Pulaski County Adoption Coalition, Project Zero10 Kings Ct, Little Rock, AR 72211-1603AR2014-04$139,359
7The Transformation Project IncorporatedPO BOX 20820, White Hall, AR 71612-0820AR2007-09$128,745
8Communication Arts Institute Inc, Writers' Colony At Dairy Hollow515 Spring Street, Eureka Springs, AR 72632AR1999-05$104,739
9Cotter Area Chamber Of Commerce IncPO BOX 489, Cotter, AR 72626AR1999-06$17,560
10Family Life Incorporated Of Eastern Arkansas18 Southfield Cir, Wynne, AR 72396AR2014-07$16,524
11Family And Friends Of Care Facility Residents206 Ne 2nd St, Hoxie, AR 72433-1401AR2005-10$4,484
12Baby Basics Of Nea IncPO BOX 316, Monette, AR 72447-0316AR2011-01$3,564
13Above & Beyond CarePO BOX 124, Bauxite, AR 72011-0124AR2014-09$0
14American Family Coalition Inc6617 Woodfield Drive, Little Rock, AR 72209AR2002-04$0
15Believing God Ministries Inc949 Terra Villa Road, Dover, AR 72837AR2013-07$0
16Cherished Heartbeats Inc590 S 11th St, Heber Springs, AR 72543-4260AR1999-06$0
17Clark County Tea CoalitionPO BOX 968, Arkadelphia, AR 71923-0968AR2001-03$0
18Community Outreach CenterPo Bx 721, Lamar, AR 72846AR2003-01$0
19Conway County Community Development CorporationPo Box 229, Morrilton, AR 72110AR2006-10$0
20Delta Bridges IncPO BOX 3114, Forrest City, AR 72336-3114AR2002-08$0
Number of organizations performing similar types of work
Alaska10
Alabama95
Arkansas58
Arizona92
California562
Colorado84
Connecticut52
District of Columbia29
Delaware14
Florida418
Georgia302
Hawaii17
Iowa50
Idaho28
Illinois216
Indiana90
Kansas48
Kentucky56
Louisiana91
Massachusetts80
Maryland142
Maine14
Michigan184
Minnesota86
Missouri119
Mississippi57
Montana11
North Carolina230
North Dakota6
Nebraska27
New Hampshire16
New Jersey146
New Mexico31
Nevada49
New York192
Ohio160
Oklahoma55
Oregon53
Pennsylvania170
Rhode Island13
South Carolina90
South Dakota15
Tennessee105
Texas433
Utah28
Virginia96
Vermont13
Washington122
Wisconsin75
West Virginia38
Wyoming11
International22
Total5,201

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