Charter Fund Inc Charter School Growth Fund in Broomfield, Colorado (CO)
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
| Charter Fund Inc Charter School Growth Fund | |
| Employer Identification Number (EIN) | 050620063 |
| Name of Organization | Charter Fund Inc Charter School Growth Fund |
| In Care of Name | Kevin Hall |
| Address | 350 Interlocken Blvd Ste 390, Broomfield, CO 80021-3485 |
| Subsection | Charitable Organization |
| Ruling Date | 05/2005 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $50,000,000 to greater |
| Income | $50,000,000 to greater |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $200,323,615 |
| Amount of Income | $54,007,465 |
| Form 990 Revenue Amount | $82,935,568 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Corporate Foundations |
Non-representatives - add comments:
Amount of income in 2013: $54,007,465 (it was $119,202,000 in 2012)
| Charter Fund Inc Charter School Growth Fund: | $54,007,465 |
| Other organizations performing similar types of work: | $107,502 |
Assets in 2013: $200,323,615 (it was $180,609,418 in 2012)
| This organization: | $200,323,615 |
| Other organizations performing similar types of work: | $322,766 |
Expenses in 2012: $23,854,043
| Charter Fund Inc Charter School Growth Fund: | $23,854,043 |
| Other organizations performing similar types of work: | $58,249 |
Income to expenses ratio in 2012: 2.3
| Charter Fund Inc Charter School Growth Fund: | 2.3 |
| Other organizations performing similar types of work: | 2.0 |
Grants share in income in 2012: 98.2%
| This organization: | 98.2% |
| Other organizations performing similar types of work: | 98.7% |
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 | $65,078,146 | $1,653,013 | $1,808,094 | |
| Contributions, gifts, grants, etc., received | $63,930,161 | |||
| Interest on savings and temporary cash investments | $1,012,107 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $795,987 | |||
| Total expenses and disbursements | $23,854,043 | $140,998 | $1,810,176 | $21,724,711 |
| Compensation of officers, directors, trustees, etc. | $400,000 | |||
| Total operating and administrative expenses | $4,318,513 | $140,998 | $2,460,856 | |
| Contributions, gifts, grants paid | $19,535,530 | |||
| Excess of revenue over expenses and disbursements | $41,224,103 | |||
| Net investment income | $1,512,015 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $180,609,418 | $180,609,418 |
| Cash - non-interest-bearing | $35,100,695 | |
| Investments-U.S. and state government obligations | $508,688 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $51,842 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $33,246,487 | |
| Other | $111,701,706 | |
| Total liabilities | $10,214,646 | |
| Mortgages and other notes payable | $1,083,000 | |
| Other | $9,131,646 | |
| Total liabilities and net assets/fund balances | $170,394,772 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-660,109 |
| 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 | $30,240 |
| Total credits and payments | $50,603 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $13,114 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $37,489 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $363 |
| Tax due | $0 |
| Overpayment | $20,000 |
| Amount to be credited to 2013 estimated tax | $20,000 |
| 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? | Yes |
| 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)? | Yes |
| 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 | $60,936,745 |
| Net value of noncharitable-use assets | $60,022,700 |
| Minimum investment return | $3,001,135 |
| 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 | $0 | $0 | $0 | $0 | $1 |
| Qualifying distributions made directly for active conduct of exempt activities | $12,285,856 | $17,796,889 | $22,137,874 | $13,746,971 | $65,967,590 |
| Value of all assets | $0 | $0 | $0 | $0 | $1 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $2,000,757 | $1,334,972 | $795,559 | $1,079,151 | $5,210,439 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Fries Family Foundation | Liberty Global 12300 Liberty Blvd, Englewood, CO 80112 | CO | 2011-10 | $4,868,707 |
| 2 | Schmitz Family Foundation | 6500 E Hampden Ave, Denver, CO 80224-3046 | CO | 2000-07 | $4,609,717 |
| 3 | The Armstrong Foundation | 1421 Blake St, Denver, CO 80202-1325 | CO | 2003-01 | $1,818,187 |
| 4 | Vodafone Americas Foundation | 999 18th St Swt, Denver, CO 80202-2499 | CO | 2007-03 | $1,813,267 |
| 5 | The Verdoorn Foundation | 10463 Park Meadows Dr Ste 207, Littleton, CO 80124-5318 | CO | 2001-12 | $659,504 |
| 6 | Sonlight Curriculum Foundation | 8024 S Grant Way, Littleton, CO 80122 | CO | 2000-02 | $329,322 |
| 7 | Porphyry Road Foundation | 2525 Arapahoe Avenue No E-4, Boulder, CO 80302-6746 | CO | 2001-11 | $272,308 |
| 8 | The@fern And Samuel Primack Family Foundation | 10200 East Girard Avenue Building C, Denver, CO 80231-5500 | CO | 2004-07 | $225,984 |
| 9 | Qep Resources Education Foundation | 1050 17th St Ste 500, Denver, CO 80265-1050 | CO | 2010-11 | $191,425 |
| 10 | Cobiz Cares Foundation | 821 17th Street, Denver, CO 80202 | CO | 2011-03 | $140,947 |
| 11 | T Kevin Mcnicholas Foundation | 4699 Marion St, Denver, CO 80216-2118 | CO | 2012-05 | $133,488 |
| 12 | Vandervelde Family Foundation | 6632 Bean Mountain Ln, Boulder, CO 80301-3567 | CO | 1999-04 | $122,080 |
| 13 | Trask Family Foundation | 17 Falcon Hills Dr, Hghlnds Ranch, CO 80126-2901 | CO | 1999-08 | $116,998 |
| 14 | The Quark Foundation | PO BOX 61339, Denver, CO 80206-8339 | CO | 2001-08 | $80,370 |
| 15 | Trinity Second Century Foundation | 1820 Broadway, Denver, CO 80202 | CO | 2008-06 | $41,495 |
| 16 | The Class Foundation | 6648 Fairways Dr, Longmont, CO 80503-8353 | CO | 2002-01 | $25,000 |
| 17 | Wolcott Family Foundation Inc | 4855 6th St, Boulder, CO 80304-0596 | CO | 1999-02 | $12,101 |
| 18 | Wonderland Foundation | 8246 Northfield Blvd, Denver, CO 80238-3118 | CO | 2007-06 | $10,000 |
| 19 | The@fish Foundation | 2556 S Milwaukee St, Denver, CO 80210-6215 | CO | 2000-03 | $9,752 |
| 20 | Universal Lending Foundation | 6775 East Evans Avenue, Denver, CO 80224 | CO | 2003-08 | $8,859 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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