Whitt Foundation in Fort Smith, Arkansas (AR)

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Whitt Foundation
Employer Identification Number (EIN)710811940
Name of OrganizationWhitt Foundation
In Care of NameChris Whitt
Address8904 Moody Rd, Fort Smith, AR 72903-6724
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date09/1998
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Tax Period12/2012
Assets$1 to $9,999
Income$25,000 to $99,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$1
Amount of Income$94,963
Form 990 Revenue Amount$18,035
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards


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Amount of income in 2012: $94,963 (it was $139,238 in 2011)
This organization: 

 $94,963
Other organizations performing similar types of work: 

 $72,336

Assets in 2012: $1 (it was $79,548 in 2011)
This organization: 

 $1
Other organizations performing similar types of work: 

 $239,394

Expenses in 2012: $99,617
This organization: 

 $99,617
Other organizations performing similar types of work: 

 $40,888

Income to expenses ratio in 2012: 1.0
Whitt Foundation: 

 1.0
Other organizations performing similar types of work: 

 1.4

Grants share in income in 2012: 12.2%
Whitt Foundation: 

 12.2%
Other organizations performing similar types of work: 

 0.1%

Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$20,217$17,757$536
Contributions, gifts, grants, etc., received$2,460
Interest on savings and temporary cash investments$3
Dividends and interest from securities$533
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Other$17,221
Total expenses and disbursements$99,617$172$172$99,445
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$172$172$0
Contributions, gifts, grants paid$99,445
Excess of revenue over expenses and disbursements$-79,400
Net investment income$17,585
Adjusted net income$364
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$1$0
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$1
Total liabilities$1
Mortgages and other notes payable$0
Other$1
Total liabilities and net assets/fund balances$1
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$17,221
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$176
Total credits and payments$135
2012 estimated tax payments and 2011 overpayment credited to 2012$135
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$0
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Tax due$41
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$46,063
Net value of noncharitable-use assets$45,380
Minimum investment return$2,269
Distributable Amount (for 2012)
Distributable amount$2,093
Undistributed Income (for 2012)
Distributable amount for 2012$2,093
Undistributed income for 2012. This amount must be distributed in 2013$0
Private Operating Foundations (for 2012)
2012201120102009Total
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
1Mid South Community College Foundat Ion Inc2000 W Broadway St, West Memphis, AR 72301-3829AR1993-02$1,517,142
2Sylvester H Reed Memorial TrustPO BOX 1111, Pflugerville, TX 78691-1111TX1998-01$1,242,927
3Southern Arkansas University Tech FoundationPO BOX 3499, Camden, AR 71711-1599AR1980-12$215,626
4Arkansas Oklahoma Regional Education & Promotion Assn IncPO BOX 4145, Fort Smith, AR 72914-4145AR1975-08$2,378,204
5Rogers Development Foundation Inc317 W Walnut St, Rogers, AR 72756-4566AR1990-09$1,004,685
6Arkansas Rural Endowment Fund IncPO BOX 750, Little Rock, AR 72203-0750AR1971-01$507,111
7Alton E & Thelma Mccartney Scholarship TrPO BOX 650, Newport, AR 72112-0650AR1996-03$221,126
8Robert E And Catherine Woodson Sampley Foundation IncPO BOX 1147, Mount Ida, AR 71957-1147AR1995-02$175,098
9Arkansas State Elks Association Charitable Tr, Worley Roy A Ttee6741 Austin Bay Ct, Sherwood, AR 72120-4063AR1994-05$151,309
10Wallace Trust Foundation209 W Oak St, Mcgehee, AR 71654-2223AR1995-10$125,910
11Whitt Foundation8904 Moody Rd, Fort Smith, AR 72903-6724AR1998-09$94,963
12Class Of 62 Memorial Scholarship FoundationPo Box 373, Smackover, AR 71762AR1998-10$3,306
131950s Scholarship Fund IncPO BOX 2155, Alma, AR 72921-2155AR1995-11$0
14Arkansas Engineering Foundation1320 Brookwood Dr, Little Rock, AR 72202-1406AR1979-08$0
15Black Rock Alumni Association IncPo Box 85, Black Rock, AR 72415AR1996-12$0
16Daisy Bates And L C Bates Foundation Inc3708 N Hills Blvd, N Little Rock, AR 72116-8504AR1995-03$0
17Dover Area Chamber Of Commerce Scholarship Fund IncPo Box 994, Dover, AR 72837-0994AR1991-07$0
18Jamie Lynn Gabbard Memorial Scholarship Trust3010 Coldwater Dr, Benton, AR 72019AR1992-08$0
19Mary Belle Vance Scholarship Society200 Louisana Street, Little Rock, AR 72201AR1998-09$0
20Mcneal Funeral Home Workers Club IncPO BOX 70, Brinkley, AR 72021-0070AR1992-04$0
Number of organizations performing similar types of work
Alaska15
Alabama29
Arkansas27
Arizona42
California252
Colorado46
Connecticut69
District of Columbia36
Delaware10
Florida151
Georgia78
Hawaii18
Iowa52
Idaho15
Illinois193
Indiana80
Kansas57
Kentucky48
Louisiana26
Massachusetts102
Maryland74
Maine15
Michigan138
Minnesota61
Missouri93
Mississippi12
Montana14
North Carolina100
North Dakota5
Nebraska30
New Hampshire12
New Jersey147
New Mexico15
Nevada16
New York202
Ohio188
Oklahoma33
Oregon38
Pennsylvania160
Rhode Island22
South Carolina36
South Dakota7
Tennessee42
Texas251
Utah11
Virginia136
Vermont9
Washington68
Wisconsin96
West Virginia21
Wyoming9
International5
Total3,412

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