Wade Family Charitable Foundation in Seal Beach, California (CA)

Organization representatives - add corrected or new information about Wade Family Charitable Foundation »

Non-representatives - add comments about Wade Family Charitable Foundation»

Wade Family Charitable Foundation
Employer Identification Number (EIN)263664913
Name of OrganizationWade Family Charitable Foundation
In Care of NameChris Wade
Address1716 Catalina Ave, Seal Beach, CA 90740-5711
SubsectionCharitable Organization
Ruling Date02/2009
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1,000,000 to $4,999,999
Income$500,000 to $999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$3,127,923
Amount of Income$946,121
Form 990 Revenue Amount$158,911
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Services to Promote the Independence of Specific Populations


Non-representatives - add comments:


CAPTCHA

Your IP address 54.198.92.22 will be logged.

Amount of income in 2013: $946,121 (it was $1,645,707 in 2012)
Wade Family Charitable Foundation: 

 $946,121
Other organizations performing similar types of work: 

 $87,071

Assets in 2013: $3,127,923 (it was $3,405,210 in 2012)
This organization: 

 $3,127,923
Other organizations performing similar types of work: 

 $45,697

Expenses in 2013: $492,523
Wade Family Charitable Foundation: 

 $492,523
Other organizations performing similar types of work: 

 $79,916

Income to expenses ratio in 2013: 1.9
This organization: 

 1.9
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 93.5%

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$217,369$217,365$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$1,307
Dividends and interest from securities$59,675
Gross rents$67,594
Gross sales price for all assets$817,545
Gross profit from sales of goods$0
Other income$0
Other$88,793
Total expenses and disbursements$492,523$47,200$0$436,447
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$0
Legal fees$0
Accounting fees$7,688
Interest$0
Depreciation$25,722
Occupancy$0
Travel, conferences, and meetings$4,354
Printing and publications$0
Total operating and administrative expenses$66,573$47,200$10,497
Contributions, gifts, grants paid$425,950
Excess of revenue over expenses and disbursements$-275,154
Net investment income$170,165
Adjusted net income$0
Balance Sheets
201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$3,436,075$3,582,533$3,405,210$3,403,372$3,127,923$3,431,328
Cash - non-interest-bearing$287$287$18,865
Investments-U.S. and state government obligations$0$30,054$3,309
Investments-corporate stock$1,223,972$1,294,939$1,550,883
Investments-corporate bonds$500,003$452,442$0
Investments-mortgage loans$0$0$0
Investments-other$0$0$0
Other assets$43,235$56,956
Total liabilities$7,996$7,017$4,884
Mortgages and other notes payable$0$0$0
Other liabilities$0$0
Total liabilities and net assets/fund balances$3,428,079$3,398,193$3,123,039
Capital Gains and Losses for Tax on Investment Income
201120122013
Capital gain net income$13,863$398,620$88,793
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$1,010$4,723$1,702
Total credits and payments$2,240$1,230$4,760
Current year estimated tax payments and previous year's overpayment credited to current year$740$1,230$4,760
Exempt foreign organizations-tax withheld at source$0$0$0
Tax paid with application for extension of time to file (Form 8868)$1,500$0$0
Backup withholding erroneously withheld$0$0$0
Any penalty for underpayment of estimated tax$0$0$0
Tax due$3,493$0
Overpayment$0$3,058
Amount to be credited to next year's estimated tax$1,230$0$3,058
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?YesYesYes
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?YesNoNo
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)?YesYesYes
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$3,750,611$3,480,252$3,373,508
Net value of noncharitable-use assets$3,428,048$3,322,905
Minimum investment return$184,718$171,402$166,145
Distributable Amount
201120122013
Distributable amount$183,708$166,679$164,443
Undistributed Income
201120122013
Distributable amount for this year$183,708$166,679$164,443
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$1,307$0
Dividends and interest from securities$59,675$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
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Wade Family Charitable Foundation to others? (optional)
  
Add photo of Wade Family Charitable Foundation (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Recently Added Reviews
Apostle Paul Ministries in Hayward, CA
****•
Adat Ari El in N Hollywood, CA
*****
Iglesia De Jesucristo Palabra-Miel in El Cajon, CA
Nze Foundation in Vista, CA
****
Sgi-Usa Endowment in Santa Monica, CA
*
Margarita Foundation Inc in El Monte, CA
*****
Chokeout Cancer in San Jose, CA
*****
Free & Accepted Masons Of California, Oasis Lodge No 854 F&am in Los Angeles, CA
Agape Christian Academy in San Bernardino, CA
****
International Association Of Lions Clubs, Woodland Host Lions Club-Admin in Woodland, CA
*****
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Washington Area Womens Foundation Inc1331 H St Nw Ste 1000, Washington, DC 20005-4745DC1997-09$2,978,690
2San Diego Center For Children3002 Armstrong St, San Diego, CA 92111-5702CA1936-08$19,188,838
3Seniors Council Of Santa Cruz And San Benito Counties234 Santa Cruz Ave, Aptos, CA 95003-4438CA1980-06$3,859,768
4Eva Longoria Foundation2708 Wilshire Boulevard No 369, Santa Monica, CA 90403-4706CA2012-03$2,082,196
5Bandini Foundation5857 Cape Horn Dr, Agoura Hills, CA 91301-1401CA2012-01$1,383,709
6Multi Ethnic Collaborative Of Community Agencies611 Anton Blvd 14th Flr, Costa Mesa, CA 92626CA2010-06$1,018,115
7Wade Family Charitable Foundation1716 Catalina Ave, Seal Beach, CA 90740-5711CA2009-02$946,121
8Southern California Wheelchair17162 Grand Avenue Suite B, Lake Elsinore, CA 92530-5750CA2003-05$701,617
9Exceptional Minds10880 Wilshire Blvd Suite 800, Los Angeles, CA 90024-4124CA2009-09$650,162
10Community Life Services740 Front Street Suite 135, Santa Cruz, CA 95060-4535CA2013-02$599,374
11Southern California American Indian Resource Center2124 B Arnold Way, Alpine, CA 91901-2156CA2002-10$594,483
12South Valley Development IncPO BOX 8018, Wasco, CA 93280-8108CA1998-10$584,923
13Gods Fan Club, Project Touch Men Of Influence30141 Antelope Rd D103, Menifee, CA 92584CA2004-11$505,024
14Iranian American Women Foundation2182 Dupont Dr Ste 7, Irvine, CA 92612-1319CA2012-03$494,782
15Stairways Recovery IncPO BOX 6357, Chico, CA 95927-6357CA2006-09$492,174
16Native Alliance Of The Sierra Nevada Foothills, Sierra Native AlliancePo Box 6346, Auburn, CA 95604CA2009-11$449,095
17Latino Business Chamber Of Greater Los Angeles Foundation Inc, Latin Business Chamber634 S Spring St Ste 600, Los Angeles, CA 90014-3906CA2008-10$427,335
18Wilshire Community Services, Senior Peer Counseling285 South Street Suite J, San Luis Obispo, CA 93401CA2007-02$426,332
19Wounded Heroes Fund Kern County Chapter3121 Standard St, Bakersfield, CA 93308-6242CA2009-09$414,632
20Little Angels Service DogsPO BOX 219, Jamul, CA 91935-0219CA2011-12$378,279
Number of organizations performing similar types of work
Alaska29
Alabama132
Arkansas57
Arizona133
California956
Colorado173
Connecticut75
District of Columbia80
Delaware17
Florida612
Georgia327
Hawaii40
Iowa61
Idaho46
Illinois305
Indiana131
Kansas68
Kentucky73
Louisiana110
Massachusetts182
Maryland216
Maine37
Michigan286
Minnesota159
Missouri166
Mississippi72
Montana38
North Carolina265
North Dakota18
Nebraska47
New Hampshire38
New Jersey195
New Mexico58
Nevada60
New York466
Ohio281
Oklahoma84
Oregon115
Pennsylvania274
Rhode Island18
South Carolina119
South Dakota17
Tennessee162
Texas605
Utah66
Virginia217
Vermont32
Washington152
Wisconsin118
West Virginia49
Wyoming21
International20
Total8,078

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Wade Family Charitable Foundation and has no official or unofficial affiliation with Wade Family Charitable Foundation