Get A Grip Foundation in Corona, 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
- Organizations performing similar types of work
| Get A Grip Foundation | |
| Employer Identification Number (EIN) | 330931461 |
| Name of Organization | Get A Grip Foundation |
| In Care of Name | Jay Miller |
| Address | 2276 Griffin Way Ste 102-149, Corona, CA 92879-8081 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 04/2003 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $41,513 |
| Amount of Income | $255,307 |
| Form 990 Revenue Amount | $780,397 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Golf |
Non-representatives - add comments:
Amount of income in 2012: $255,307 (it was $780,397 in 2011)
| Get A Grip Foundation: | $255,307 |
| Other organizations performing similar types of work: | $85,046 |
Assets in 2012: $41,513 (it was $650,514 in 2011)
| Get A Grip Foundation: | $41,513 |
| Other organizations performing similar types of work: | $40,564 |
Expenses in 2012: $356,179
| This organization: | $356,179 |
| Other organizations performing similar types of work: | $78,528 |
Income to expenses ratio in 2012: 0.7
| Get A Grip Foundation: | 0.7 |
| Other organizations performing similar types of work: | 1.0 |
Expenses 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 | $-252,822 | $0 | $7 | |
| Contributions, gifts, grants, etc., received | $255,300 | |||
| Interest on savings and temporary cash investments | $7 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $356,179 | $0 | $0 | $341,068 |
| Compensation of officers, directors, trustees, etc. | $57,271 | |||
| Total operating and administrative expenses | $356,179 | $0 | $341,068 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-609,001 | |||
| Net investment income | $7 | |||
| Adjusted net income | $7 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $41,513 | $41,513 |
| 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 | $41,513 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $41,513 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-508,129 |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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? | Yes |
| 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 | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| 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 | $1 | $0 | $0 | $0 | $1 |
| Qualifying distributions made directly for active conduct of exempt activities | $341,068 | $746,455 | $756,587 | $753,276 | $2,597,386 |
| Value of all assets | $41,513 | $650,514 | $640,925 | $717,631 | $2,050,583 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $41,513 | $650,514 | $640,925 | $717,631 | $2,050,583 |
| 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) | $255,300 | $780,360 | $566,425 | $748,508 | $2,350,593 |
| 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 | $7 | $37 | $51 | $37 | $132 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Golden State Golf Tour Association | 3575 Kenyon Street Ste 100, San Diego, CA 92110 | CA | 2008-08 | $476,472 |
| 2 | San Diego County Junior Golf Foundation | 6155 Cornerstone Ct E Ste 100a, San Diego, CA 92121-4737 | CA | 2010-11 | $278,583 |
| 3 | Southern Area Youth Programs Inc | 1921 W 98th St, Los Angeles, CA 90047-5900 | CA | 1996-02 | $254,889 |
| 4 | Torrey Pines Mens Golf Club Inc | PO BOX 28939, San Diego, CA 92198-0939 | CA | 2011-09 | $239,412 |
| 5 | Sacramento Golf Council | 5229 Willow Park Ct, Carmichael, CA 95608-5086 | CA | 2011-09 | $232,931 |
| 6 | San Joaquin Junior Golf Foundation | PO BOX 77919, Stockton, CA 95267-1219 | CA | 2002-03 | $200,750 |
| 7 | Morton Golf Foundation | 3645 Fulton Ave, Sacramento, CA 95821-1808 | CA | 2009-04 | $200,411 |
| 8 | Bruin18 Foundation | Jd Morgan Ctr 325 Westwood Plaza, Los Angeles, CA 90095 | CA | 2012-06 | $183,754 |
| 9 | Touchstone Golf Foundation | 1052 Overlook Road, Berkeley, CA 94708 | CA | 2009-05 | $150,330 |
| 10 | Living Oaks Middle School Academic Alliance Inc | 1100 Business Center Circle No B, Newbury Park, CA 91320 | CA | 2009-08 | $144,827 |
| 11 | U S G L L The Corporation, Us Golf Little League | PO BOX 15369, Long Beach, CA 90815-0369 | CA | 2008-08 | $137,748 |
| 12 | Aletheia Project, Dba Veritas World Junior | 400 S Hope Street, Los Angeles, CA 90071-2801 | CA | 2012-04 | $134,047 |
| 13 | Diversity Golf Foundation, Lorena Ochoa Golf Foundation | 7032 Alviso Ave, Riverside, CA 92509 | CA | 2010-03 | $133,024 |
| 14 | Indo-American Golf Association | 2331 Baker Way, San Ramon, CA 94582-5802 | CA | 2011-06 | $100,161 |
| 15 | Los Angeles Chinese Golf Club Inc | 2505 North Lamer Street, Burbank, CA 91504 | CA | 1998-12 | $85,139 |
| 16 | Silicon Valley Golf Club | 475 Cumberland Dr, Burlingame, CA 94010-2720 | CA | 2012-09 | $63,318 |
| 17 | Salinas Valley Junior Golf Association | PO BOX 2507, Salinas, CA 93902-2507 | CA | 1996-02 | $57,478 |
| 18 | Pga West Ladies Golf Association Inc | 55955 Pga Blvd, La Quinta, CA 92253-5677 | CA | 2008-06 | $50,890 |
| 19 | San Diego Inner City Junior Golf Foundation Inc | 5276 Churchward St, San Diego, CA 92114-3700 | CA | 2012-06 | $50,888 |
| 20 | San Gabriel Jr Golf Inc | P O Box 1675, Duarte, CA 90019 | CA | 2013-03 | $50,849 |
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