Teamsters Local 986 Charity Fund Inc in S El Monte, California (CA)

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Teamsters Local 986 Charity Fund Inc
Employer Identification Number (EIN)952993422
Name of OrganizationTeamsters Local 986 Charity Fund Inc
In Care of NameAwfmex Inc
Address1198 Durfee Ave, S El Monte, CA 91733-4412
ActivitiesLow income housing
SubsectionCharitable Organization
Ruling Date08/1989
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$5,000,000 to $9,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$5,688,632
Amount of Income$8,386,314
Form 990 Revenue Amount$66,138
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Fund Raising and/or Fund Distribution


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Amount of income in 2013: $8,386,314 (it was $910,350 in 2012)
This organization: 

 $8,386,314
Other organizations performing similar types of work: 

 $60,000

Assets in 2013: $5,688,632 (it was $5,760,616 in 2012)
Teamsters Local 986 Charity Fund Inc: 

 $5,688,632
Other organizations performing similar types of work: 

 $38,951

Expenses in 2013: $295,092
This organization: 

 $295,092
Other organizations performing similar types of work: 

 $33,868

Income to expenses ratio in 2013: 28.4
This organization: 

 28.4
Other organizations performing similar types of work: 

 1.2

Grants share in income in 2013: 0.0%
Teamsters Local 986 Charity Fund Inc: 

 0.0%
Other organizations performing similar types of work: 

 37.8%

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$223,108$223,108$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$4,322
Dividends and interest from securities$144,833
Gross rents$0
Gross sales price for all assets$8,237,159
Gross profit from sales of goods$0
Other income$0
Other$73,953
Total expenses and disbursements$295,092$30,700$0$258,812
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$0
Legal fees$83,511
Accounting fees$7,375
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$148,683$30,700$112,403
Contributions, gifts, grants paid$146,409
Excess of revenue over expenses and disbursements$-71,984
Net investment income$192,408
Adjusted net income$0
Balance Sheets
201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$5,893,780$5,883,229$5,760,616$5,822,128$5,688,632$5,458,079
Cash - non-interest-bearing$0$0$0
Investments-U.S. and state government obligations$943,218$444,182$0
Investments-corporate stock$0$0$0
Investments-corporate bonds$3,562,531$4,928,438$0
Investments-mortgage loans$0$0$0
Investments-other$129,602$29,439$4,782,162
Other assets$0$0
Total liabilities$0$0$1
Mortgages and other notes payable$0$0$0
Other liabilities$0$0
Total liabilities and net assets/fund balances$5,893,780$5,760,616$5,688,632
Capital Gains and Losses for Tax on Investment Income
201120122013
Capital gain net income$16,370$33,408$73,953
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$1,278$2,087$3,848
Total credits and payments$2,000$1,600$2,983
Current year estimated tax payments and previous year's overpayment credited to current year$1,200$1,600$2,983
Exempt foreign organizations-tax withheld at source$0$0$0
Tax paid with application for extension of time to file (Form 8868)$800$0$0
Backup withholding erroneously withheld$0$0$0
Any penalty for underpayment of estimated tax$15$2$17
Tax due$511$882
Overpayment$0$0
Amount to be credited to next year's estimated tax$707$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?NoNo
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?NoNoNo
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$161,210$106,965$4,982,907
Net value of noncharitable-use assets$105,361$4,908,163
Minimum investment return$7,940$5,268$245,408
Distributable Amount
201120122013
Distributable amount$6,662$3,181$241,560
Undistributed Income
201120122013
Distributable amount for this year$6,662$3,181$241,560
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$0
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$4,322$0
Dividends and interest from securities$144,833$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
1Teamsters Local 986 Charity Fund Inc1198 Durfee Ave, S El Monte, CA 91733-4412CA1989-08$8,386,314
2Day Iii1110 West Anaheim Street Ste 6, Wilmington, CA 90744CA2005-05$853,591
3Kiwanis Club Of Atascadero FoundationPO BOX 370, Atascadero, CA 93423-0370CA2011-08$151,765
4Kiwanis Club Of Victorville Foundation15296 Seventh St, Victorville, CA 92395-3841CA2011-10$133,096
5Sgv Charitable Foundation300 S Lemon Creek Dr, Walnut, CA 91789-2668CA2012-03$53,726
6Rotary Club Of Petaluma Sunrise, Petaluma Sunrise CaliforniaPO BOX 750353, Petaluma, CA 94975-0353CA1942-09$52,161
7Given Tree295 Olive Ave, Palo Alto, CA 94306CA2012-06$34,956
8Inter-Mountain Fair Heritage FoundationPo Box 271, Mcarthur Ca, CA 96056CA2010-02$33,199
9San Francisco Market Nmtc Corporation2095 Jerrold Ave Ste 212, San Francisco, CA 94124-1628CA2014-08$26,578
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11Carlsbad Causes For Community, C32801 Roosevelt St Ste B, Carlsbad, CA 92008-1782CA2014-07$14,220
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14Century City Foundation Inc1901 Avenue Of The Stars No 931, Los Angeles, CA 90067-6011CA2009-02$4,881
15The Orange Rotary Charitable Trust1975 N Batavia St, Orange, CA 92865-4107CA2014-05$1
16A Reaching Hand17507 Wagner Rd, Los Gatos, CA 95032CA2015-01$0
17Atwater Rotary Foundation IncPo Box 904, Atwater, CA 95301CA2011-02$0
18Brea Police K-9 Team1 Civic Center Circle, Brea, CA 92821CA1999-04$0
19California Secondhand Dealer Investigators AssociationPO BOX 582133, Modesto, CA 95358-0037CA2001-07$0
20Fillmore-Piru Optimistic Club1005 Foothill Dr, Fillmore, CA 93015-1047CA2006-03$0
Number of organizations performing similar types of work
Alaska1
Alabama6
Arkansas3
Arizona8
California46
Colorado14
Connecticut3
District of Columbia2
Delaware2
Florida18
Georgia18
Hawaii2
Iowa9
Illinois19
Indiana8
Kansas6
Kentucky7
Louisiana8
Massachusetts8
Maryland5
Maine9
Michigan23
Minnesota7
Missouri9
Mississippi1
Montana2
North Carolina9
North Dakota5
Nebraska2
New Hampshire2
New Jersey12
New Mexico1
Nevada5
New York33
Ohio25
Oklahoma5
Oregon9
Pennsylvania18
Rhode Island3
South Carolina5
South Dakota3
Tennessee5
Texas33
Utah4
Virginia18
Washington14
Wisconsin12
West Virginia3
Wyoming1
Total471

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