Pikes Peak Minority Business Foundation, Woodford Joseph C Jr Ttee in Colorado Springs, 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
- Other organizations in Colorado
| Pikes Peak Minority Business Foundation, Woodford Joseph C Jr Ttee | |
| Employer Identification Number (EIN) | 846282093 |
| Name of Organization | Pikes Peak Minority Business Foundation |
| Secondary Name | Woodford Joseph C Jr Ttee |
| Address | 205 E Cheyenne Mountain Blvd, Colorado Springs, CO 80906-3704 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Loans or grants for minority businesses |
| Subsection | Charitable Organization |
| Ruling Date | 10/1995 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $3,441 |
| Amount of Income | $630 |
| Form 990 Revenue Amount | $630 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: |
Non-representatives - add comments:
Amount of income in 2011: $630 (it was $728 in 2010)
| Pikes Peak Minority Business Foundation, Woodford Joseph C Jr Ttee: | $630 |
| Other organizations performing similar types of work: | $630 |
Assets in 2011: $3,441 (it was $67,611 in 2010)
| Pikes Peak Minority Business Foundation, Woodford Joseph C Jr Ttee: | $3,441 |
| Other organizations performing similar types of work: | $3,441 |
Expenses in 2011: $64,800
| This organization: | $64,800 |
| Other organizations performing similar types of work: | $64,800 |
Income to expenses ratio in 2011: 0.0
| Pikes Peak Minority Business Foundation, Woodford Joseph C Jr Ttee: | 0.0 |
| Other organizations performing similar types of work: | 0.0 |
Grants share in income in 2011: 47.6%
| This organization: | 47.6% |
| Other organizations performing similar types of work: | 47.6% |
Revenue for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $630 | $330 | $0 | |
| Contributions, gifts, grants, etc., received | $300 | |||
| Interest on savings and temporary cash investments | $330 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $64,800 | $0 | $0 | $64,800 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $64,800 | $0 | $64,800 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-64,170 | |||
| Net investment income | $330 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $3,441 | $3,441 |
| 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 | $3,441 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $3,441 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $3 |
| Total credits and payments | $9 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $9 |
| 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 |
| Overpayment | $6 |
| Amount to be credited to 2012 estimated tax | $6 |
| Statements Regarding Activities (for 2011) | |
| 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 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| 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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | 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 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $51,569 |
| Net value of noncharitable-use assets | $50,800 |
| Minimum investment return | $2,540 |
| Distributable Amount (for 2011) | |
| Distributable amount | $2,537 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $2,537 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | 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 Colorado | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Aspenpointe Inc, Aspenpointe Foundation | 220 Ruskin Dr, Colorado Spgs, CO 80910 | CO | 2006-03 | $0 |
| 2 | Aspenpointe Inc, Aspenpointe Properties | 675 Southpointe Ct Ste 210, Colorado Spgs, CO 80906-3888 | CO | 2006-03 | $0 |
| 3 | Aspenpointe Inc, Aspenpointe Youth Directions | 220 Ruskin Dr, Colorado Spgs, CO 80910-2522 | CO | 2006-03 | $452,260 |
| 4 | Pikes Peak Jazz And Swing Society | PO BOX 6802, Colorado Spgs, CO 80934-6802 | CO | 1987-04 | $32,944 |
| 5 | Pikes Peak Justice And Peace Commission | PO BOX 2115, Colorado Spgs, CO 80901-2115 | CO | 1988-08 | $54,784 |
| 6 | Pikes Peak Kiwanis Foundation | 609 Crystal Hills Blvd, Manitou Spgs, CO 80829-2752 | CO | 1993-03 | $13,115 |
| 7 | Pikes Peak Lavender Film Festival | 1332 W Kiowa, Colorado Springs, CO 80904-3996 | CO | 2000-03 | $22,359 |
| 8 | Pikes Peak Library District Foundation Inc | 5550 N Union Blvd, Colorado Spgs, CO 80918-1950 | CO | 2003-07 | $3,048,481 |
| 9 | Pikes Peak Lm-Ms Club, Pikes Peak Lockheed-Martin Federal | 9970 Federal Dr, Colorado Spgs, CO 80921-3616 | CO | 1971-10 | $76,101 |
| 10 | Pikes Peak Marathon Inc | PO BOX 333, Manitou Spgs, CO 80829-0333 | CO | 1986-11 | $498,191 |
| 11 | Pikes Peak Minority Business Foundation, Woodford Joseph C Jr Ttee | 205 E Cheyenne Mountain Blvd, Colorado Springs, CO 80906-3704 | CO | 1995-10 | $630 |
| 12 | Pikes Peak Moose Legion No 156 | Po Box 200406, Evans, CO 80620 | CO | 1972-09 | $0 |
| 13 | Pikes Peak Music Volunteers | PO BOX 60657, Colorado Spgs, CO 80960-0657 | CO | 1994-03 | $12,008 |
| 14 | Pikes Peak Obedience Club | 13320 Trail Boss Ct, Falcon, CO 80831 | CO | 1994-01 | $28,020 |
| 15 | Pikes Peak Odd Fellows Housing Inc Dba Pikes Peak Towers | 1912 Eastlake Boulevard, Colorado Springs, CO 80910-3401 | CO | 1965-10 | $725,400 |
| 16 | Pikes Peak Opera League | P O Box 38478, Colorado Springs, CO 80937-8478 | CO | 1991-04 | $145,317 |
| 17 | Pikes Peak Partnership | 1352 N Academy Blvd, Colorado Spgs, CO 80909-3314 | CO | 1972-09 | $515,295 |
| 18 | Pikes Peak Range Riders Foundation | PO BOX 758, Colorado Spgs, CO 80901-0758 | CO | 1999-07 | $172,453 |
| 19 | Pikes Peak Real Estate Foundation Inc | 730 N Nevada Ave, Colorado Sprngs, CO 80903-1008 | CO | 2007-05 | $275,014 |
| 20 | Pikes Peak Regional Development Corporation | 322 S Cascade Ave, Colorado Spgs, CO 80903-3804 | CO | 1977-07 | $1,547,708 |
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