Flora L Thornton Foundation in Glendale, California (CA)
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 California
| Flora L Thornton Foundation | |
| Employer Identification Number (EIN) | 953855595 |
| Name of Organization | Flora L Thornton Foundation |
| In Care of Name | Coldwell Sclafani & Company Llp |
| Address | 3239 N Verdugo Rd, Glendale, CA 91208-1633 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 10/1983 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 11/2012 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $10,000,000 to $49,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $38,200,195 |
| Amount of Income | $11,179,588 |
| Form 990 Revenue Amount | $24,126,124 |
Non-representatives - add comments:
Revenue for 2012
Expenses for 2012
Assets 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 | $3,610,635 | $3,610,635 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $4,535 | |||
| Dividends and interest from securities | $701,655 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-196,901 | |||
| Other | $3,101,346 | |||
| Total expenses and disbursements | $2,555,986 | $338,049 | $0 | $1,879,001 |
| Compensation of officers, directors, trustees, etc. | $88,564 | |||
| Total operating and administrative expenses | $766,986 | $338,049 | $90,001 | |
| Contributions, gifts, grants paid | $1,789,000 | |||
| Excess of revenue over expenses and disbursements | $1,054,649 | |||
| Net investment income | $3,272,586 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $38,200,195 | $39,293,673 |
| Cash - non-interest-bearing | $678 | |
| Investments-U.S. and state government obligations | $1,699,073 | |
| Investments-corporate stock | $9,567,656 | |
| Investments-corporate bonds | $1,080,575 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $25,000,240 | |
| Other | $851,973 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $38,200,195 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $3,101,346 |
| 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 | $65,452 |
| Total credits and payments | $90,000 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $90,000 |
| 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 | $0 |
| Overpayment | $24,548 |
| Amount to be credited to 2013 estimated tax | $24,548 |
| 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 | $29,918,173 |
| Net value of noncharitable-use assets | $29,469,400 |
| Minimum investment return | $1,473,470 |
| Distributable Amount (for 2012) | |
| Distributable amount | $1,408,018 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $1,408,018 |
| 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 California | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Flo Forum | 48377 Fremont Blvd Ste 117, Fremont, CA 94538-6565 | CA | 2006-01 | $343,124 |
| 2 | Floating Doctors Inc | 1316 E 27th St, Oakland, CA 94606-3266 | CA | 2009-04 | $431,710 |
| 3 | Floating Homes Association Inc | Po Box 3054, Sausalito, CA 94966 | CA | 1993-03 | $23,408 |
| 4 | Flock Of God Church | 528 N Benton Way, Los Angeles, CA 90026 | CA | 2007-08 | $56,134 |
| 5 | Flocks Dream Land | 244 15 Village Walk Pl Sted D 106, Murieta, CA 92562 | CA | 1998-11 | $17,270 |
| 6 | Flood Bakersfield Ministries Inc | 3509 Union Ave, Bakersfield, CA 93305-2937 | CA | 2009-03 | $579,656 |
| 7 | Floodplain Management Association, James Owen | PO BOX 712080, Santee, CA 92072-2080 | CA | 1991-01 | $297,585 |
| 8 | Floor Covering Business-To-Businessassociation | 2211 E Howell Ave, Anaheim, CA 92806-6009 | CA | 2007-04 | $109,295 |
| 9 | Floor Covering Industry Foundation | 2211 E Howell Ave, Anaheim, CA 92806-6009 | CA | 1982-03 | $1,079,563 |
| 10 | Flor Do Oakley Hall | PO BOX 466, Oakley, CA 94561-0466 | CA | 1992-05 | $365,156 |
| 11 | Flora L Thornton Foundation | 3239 N Verdugo Rd, Glendale, CA 91208-1633 | CA | 1983-10 | $11,179,588 |
| 12 | Flora Of North America Association | PO BOX 716, Point Arena, CA 95468-0716 | CA | 1998-03 | $260,334 |
| 13 | Floral Park Neighborhood Association | 1919 N Ross St, Santa Ana, CA 92706-2503 | CA | 2011-06 | $90,344 |
| 14 | Florastar | 2545 Boatman Ave, W Sacramento, CA 95691-3817 | CA | 1989-12 | $33,166 |
| 15 | Florence & Bernard B Roth Family Foundation | 6505 Wilshire Blvd Ste 1200, Los Angeles, CA 90048-4960 | CA | 1991-08 | $255,498 |
| 16 | Florence & Bernard Roth Fam Foundation Tr, Roth Bernard Ttee | 9302 Garfield Ave, South Gate, CA 90280-3805 | CA | 2000-01 | $1,361,280 |
| 17 | Florence And Gary Feldman Family Foundation | 3709 Ocean Blvd, Corona Dl Mar, CA 92625-3011 | CA | 1997-07 | $7,227 |
| 18 | Florence Avenue Property Owners Association Inc | 1669 E Florence Avenue, Los Angeles, CA 90001 | CA | 2007-01 | $95,714 |
| 19 | Florence B Graham & Clemma B Fancher Scholarship Fund | 115 Atherton Loop, Aptos, CA 95003-3177 | CA | 1971-10 | $798 |
| 20 | The Florence-Firestone Walnut Park Chamber Of Commerce | 2156 E Florence Ave 2nd Floor, Walnut Park, CA 90255-5651 | CA | 1983-07 | $185,082 |
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