Windgate Charitable Trust in Siloam Spgs, Arkansas (AR)

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Windgate Charitable Trust
Employer Identification Number (EIN)710723781
Name of OrganizationWindgate Charitable Trust
AddressPO BOX 826, Siloam Spgs, AR 72761-0826
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date04/2000
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 - Not required to file (all other)
Asset Amount$154,441,793
Amount of Income$143,480,162
Form 990 Revenue Amount$24,252,583
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Fund Raising and/or Fund Distribution


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Amount of income in 2013: $143,480,162 (it was $31,680,904 in 2012)
This organization: 

 $143,480,162
Other organizations performing similar types of work: 

 $72,190

Assets in 2013: $154,441,793 (it was $59,100,076 in 2012)
Windgate Charitable Trust: 

 $154,441,793
Other organizations performing similar types of work: 

 $42,723

Expenses in 2013: $42,742,711
This organization: 

 $42,742,711
Other organizations performing similar types of work: 

 $42,209

Income to expenses ratio in 2013: 3.4
This organization: 

 3.4
Other organizations performing similar types of work: 

 0.4

Grants share in income in 2013: 73.7%
Windgate Charitable Trust: 

 73.7%
Other organizations performing similar types of work: 

 4.7%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$107,914,415$28,394,105$0
Contributions, gifts, grants, etc., received$79,520,000
Interest on savings and temporary cash investments$254,439
Dividends and interest from securities$2,200,908
Gross rents$0
Gross sales price for all assets$61,504,815
Gross profit from sales of goods$0
Other income$0
Other$25,939,068
Total expenses and disbursements$42,742,711$178,059$0$42,561,953
Compensation of officers, directors, trustees, etc.$292,983
Pension plans, employee benefits$40,892
Legal fees$0
Accounting fees$10,015
Interest$0
Depreciation$1,314
Occupancy$14,400
Travel, conferences, and meetings$22,320
Printing and publications$0
Total operating and administrative expenses$1,001,280$178,059$820,522
Contributions, gifts, grants paid$41,741,431
Excess of revenue over expenses and disbursements$65,171,704
Net investment income$28,216,046
Adjusted net income$0
Balance Sheets
201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$68,755,123$98,466,812$59,100,076$119,451,087$154,441,793$174,284,603
Cash - non-interest-bearing$1,932,863$376,987$8,083,146
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$49,529,876$44,632,726$125,303,647
Investments-corporate bonds$0$0$0
Investments-mortgage loans$0$0$0
Investments-other$17,292,173$14,088,378$21,053,687
Other assets$400$400
Total liabilities$4,929$3,247$3,260
Mortgages and other notes payable$0$0$0
Other liabilities$0$0
Total liabilities and net assets/fund balances$68,750,194$59,096,829$154,438,533
Capital Gains and Losses for Tax on Investment Income
201120122013
Capital gain net income$1,240,133$12,809,194$25,939,068
Net capital loss$0$0$0
Excise Tax Based on Investment Income
201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$31,555$158,439$282,160
Total credits and payments$40,320$55,794$158,439
Current year estimated tax payments and previous year's overpayment credited to current year$16,320$55,794$158,439
Exempt foreign organizations-tax withheld at source$0$0$0
Tax paid with application for extension of time to file (Form 8868)$24,000$0$0
Backup withholding erroneously withheld$0$0$0
Any penalty for underpayment of estimated tax$371$2,134$0
Tax due$104,779$123,721
Overpayment$0$0
Amount to be credited to next year's estimated tax$8,394$0$0
Statements Regarding Activities
201120122013
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?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
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?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?NoNoNo
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoYes
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?YesYesYes
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
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?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
Are there any years listed above 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?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
Did the foundation have excess business holdings in this year 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?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
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 this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
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)?NoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
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?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$88,357,468$120,627,391$142,784,018
Net value of noncharitable-use assets$118,817,980$140,642,258
Minimum investment return$4,351,605$5,940,899$7,032,113
Distributable Amount
201120122013
Distributable amount$4,320,050$5,782,460$6,749,953
Undistributed Income
201120122013
Distributable amount for this year$4,320,050$5,782,460$6,749,953
Undistributed income for this year. This amount must be distributed in the next year$0$0$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
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
Supplementary Information (for 2013)
Grants approved for future payment$47,679,174
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$254,439$0
Dividends and interest from securities$2,200,908$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Rotary International, South Hill Rotary ClubPO BOX 922, South Hill, VA 23970-0922VA2008-06$70,044
2Windgate Charitable TrustPO BOX 826, Siloam Spgs, AR 72761-0826AR2000-04$143,480,162
3George H Dunklin Jr Charitable Foundation, Dunklin George H Ttee620 E 22nd St Ste 206, Stuttgart, AR 72160-9009AR2002-04$1,513,964
4White Hall Police Officers Association Inc8204 Dollarway Rd, White Hall, AR 71602-2807AR2008-07$81,355
5Arkansas Highway Police Charity Fund, Ahp Charity FundPO BOX 2779, Little Rock, AR 72203-2779AR2011-06$58,489
6Usa Drug Foundation1 Allied Dr Ste 1720, Little Rock, AR 72202-2068AR2009-04$43,630
7Tyler Bittle And Debbi Depriest Memorial Scholarship Fund, Cathy Seidenstricker Et Al Ttee458 Stillwell School Rd, Stuttgart, AR 72160-6473AR2014-07$10,782
8Angel Lifeline Inc208 Jenkins Road, Prairie Grove, AR 72753AR2012-05$0
9Arkansas School For The Blind Foundation2500 W Markham St, Little Rock, AR 72205-6168AR2013-04$0
10Crittenden Ms Foundation Of AmericaPO BOX 1136, Marion, AR 72364-1136AR2003-08$0
11Elite 1560 Glenmere Dr, Little Rock, AR 72204-3530AR2002-06$0
12Garner Youth Center709 South Main, Garner, AR 72052AR2002-01$0
13Hillcrest Merchants AssociationPO BOX 251522, Little Rock, AR 72225-1522AR2014-10$0
14Jackson County Rubber Duck Race320 Front St P O Box 650, Newport, AR 72112AR2010-12$0
15Knights For Good Works502 N Coolidge, Little Rock, AR 72205AR2013-05$0
16Perimeter Hunting ClubRr 1 Box 61, Thornton, AR 71766-9725AR2008-06$0
17Project SurgePO BOX 806, Clinton, AR 72031-0806AR2014-07$0
18Racing 4 Kids1003 Richland Dr, West Memphis, AR 72301-2427AR2000-06$0
19Srpas FoundationPo Box 517, Cherokee Village, AR 72525AR2009-04$0
20Team At Work For All Charities Inc201 No Greenwood Ave 2, Fort Smith, AR 72901AR2009-07$0
Number of organizations performing similar types of work
Alaska6
Alabama40
Arkansas22
Arizona64
California413
Colorado82
Connecticut60
District of Columbia24
Delaware23
Florida243
Georgia99
Hawaii14
Iowa31
Idaho14
Illinois135
Indiana57
Kansas27
Kentucky41
Louisiana31
Massachusetts116
Maryland90
Maine12
Michigan90
Minnesota68
Missouri61
Mississippi13
Montana14
North Carolina108
North Dakota7
Nebraska16
New Hampshire17
New Jersey148
New Mexico10
Nevada35
New York266
Ohio131
Oklahoma35
Oregon47
Pennsylvania143
Rhode Island26
South Carolina46
South Dakota11
Tennessee50
Texas243
Utah31
Virginia114
Vermont7
Washington72
Wisconsin58
West Virginia18
Wyoming8
International7
Total3,544

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