John And L A Spears Foundation Inc in Norcross, Georgia (GA)

Organization representatives - add corrected or new information about John And L A Spears Foundation Inc »

Non-representatives - add comments about John And L A Spears Foundation Inc»

John And L A Spears Foundation Inc
Employer Identification Number (EIN)582448721
Name of OrganizationJohn And L A Spears Foundation Inc
In Care of NameR Terry Pate
Address706 Holcomb Bridge Road Building 1, Norcross, GA 30071-1325
SubsectionCharitable Organization, Educational Organization
Ruling Date04/1999
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$1,020,073
Amount of Income$607,275
Form 990 Revenue Amount$69,378
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations


Non-representatives - add comments:


CAPTCHA

Your IP address 54.91.4.56 will be logged.

Amount of income in 2013: $607,275 (it was $342,828 in 2012)
John And L A Spears Foundation Inc: 

 $607,275
Other organizations performing similar types of work: 

 $105,489

Assets in 2013: $1,020,073 (it was $1,032,161 in 2012)
This organization: 

 $1,020,073
Other organizations performing similar types of work: 

 $325,460

Expenses in 2013: $72,477
John And L A Spears Foundation Inc: 

 $72,477
Other organizations performing similar types of work: 

 $49,058

Income to expenses ratio in 2013: 8.4
This organization: 

 8.4
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 0.0%
John And L A Spears Foundation Inc: 

 0.0%
Other organizations performing similar types of work: 

 22.8%

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$60,389$59,473$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$41,664
Gross rents$0
Gross sales price for all assets$564,693
Gross profit from sales of goods$0
Other income$918
Other$17,807
Total expenses and disbursements$72,477$21,472$0$44,205
Compensation of officers, directors, trustees, etc.$6,800
Pension plans, employee benefits$0
Legal fees$0
Accounting fees$0
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$28,272$21,472$0
Contributions, gifts, grants paid$44,205
Excess of revenue over expenses and disbursements$-12,088
Net investment income$38,001
Adjusted net income$0
Balance Sheets
2010201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$1,013,516$0$1,029,312$998,040$1,032,161$1,135,530$1,020,073$1,268,869
Cash - non-interest-bearing$4,615$200$0$0
Investments-U.S. and state government obligations$0$0$0$0
Investments-corporate stock$524,970$525,428$547,599$776,917
Investments-corporate bonds$462,925$470,820$450,666$218,243
Investments-mortgage loans$0$0$0$0
Investments-other$0$0$0$0
Other assets$0$0
Total liabilities$0$0$1$0
Total liabilities and net assets/fund balances$1,013,516$1,029,312$1,032,161$1,020,073
Capital Gains and Losses for Tax on Investment Income
2010201120122013
Capital gain net income$0$26,478$0$17,807
Net capital loss$-12,433$0$-9,566$0
Excise Tax Based on Investment Income
2010201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNoNo
Tax based on investment income$725$1,351$551$380
Total credits and payments$731$6$3,000$2,449
Current year estimated tax payments and previous year's overpayment credited to current year$731$6$3,000$2,449
Exempt foreign organizations-tax withheld at source$0$0$0$0
Tax paid with application for extension of time to file (Form 8868)$0$0$0$0
Backup withholding erroneously withheld$0$0$0$0
Any penalty for underpayment of estimated tax$0$32$0$0
Tax due$0$0
Overpayment$2,449$2,069
Amount to be credited to next year's estimated tax$6$0$2,449$2,069
Statements Regarding Activities
2010201120122013
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?NoNoNoNo
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?NoNoNoNo
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?NoNoNoNo
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
2010201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNoNoNo
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNoNo
Agree to pay money or property to a government official?NoNoNoNo
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?NoNoNoNo
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?NoNoNoNo
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?NoNoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNoNo
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))?NoNoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNoNo
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)?NoNoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNoNo
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
2010201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$1,001,560$1,005,779$1,020,805$1,026,116
Net value of noncharitable-use assets$1,005,493$1,010,724
Minimum investment return$50,673$49,535$50,275$50,536
Distributable Amount
2010201120122013
Distributable amount$49,948$48,184$49,724$50,156
Undistributed Income
2010201120122013
Distributable amount for this year$49,948$48,184$49,724$50,156
Undistributed income for this year. This amount must be distributed in the next year$-182$48$2,095$8,046
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$0$0
Dividends and interest from securities$41,666$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 John And L A Spears Foundation Inc to others? (optional)
  
Add photo of John And L A Spears Foundation Inc (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
Missions In Action Inc in Norcross, GA
****
Yargo Community Concert Band Incorporated in Hoschton, GA
**•
Carrollton Empty Stocking Fund Inc in Carrollton, GA
Beckel Inc in Roswell, GA
*****
Renewal Counseling Group Inc in Lawrenceville, GA
*****
Nehemiah Project Outreach Ministries Inc in Fayetteville, GA
*****
Mature Ministries Inc in Perry, GA
*****
Stonehenge Youth Association Inc in Athens, GA
**
Pleasant Grove Baptist Church, Chattooga in Summerville, GA
*****
Hogansville Charitable Trust Inc in Hogansville, GA
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1The Correll Family Foundation Inc191 Peachtree St Ste 4050, Atlanta, GA 30303-1786GA2005-12$21,778,557
2Naserian Foundation Inc3223 Howell Mill Rd Nw, Atlanta, GA 30327-4105GA2013-06$10,139,438
3The Gaby Family Foundation400 Galleria Pkwy Se Ste 1050, Atlanta, GA 30339-5934GA2012-02$8,225,749
4Soma Foundation IncPO BOX 5346, Columbus, GA 31906-0346GA2014-10$7,554,465
5Graham Family Foundation IncPO BOX 52047, Atlanta, GA 30355-0047GA2010-11$7,264,309
6Eden Charitable Foundation Inc9182 Selborne Ln, Palmetto, GA 30268-2268GA2012-07$6,521,959
7Tom And Linda Hannon Foundation Inc1851 Collinsworth Rd, Palmetto, GA 30268-9407GA2005-04$5,933,914
8Melvin Douglas And Victoria Kay Ivester Foundation Inc411 Peachtree Battle Ave Nw, Atlanta, GA 30305-4032GA2012-11$5,478,044
9Jesse David Hendley Foundation Inc380 Boling Dr, Marietta, GA 30068-3601GA2012-12$5,422,494
10Tillotson-Menlo Charitablefoundation IncPO BOX 389, Menlo, GA 30731-0389GA2006-01$3,805,889
11Virginia Kimbrough Clark Reese & Thomas Matt Reese TrustPO BOX 23024, Columbus, GA 31902-3024GA2000-03$3,605,675
12The Klump Family Foundation Inc3060 Peachtree Rd Nw Ste 400, Atlanta, GA 30305-2239GA2008-05$3,521,432
13Entelechy FoundationPO BOX 57343, Atlanta, GA 30343-1343GA2015-04$3,500,000
14Another Chance Foundation Inc3259 Duluth Highway 120 Suite 200, Duluth, GA 30096-3652GA2015-02$3,003,256
15Simmons Family Foundation Trust 111003 3025889073, Simmons Norbert Et Al Ttee75 14th St Ne Unit 3240, Atlanta, GA 30309-7607GA2004-02$2,743,272
16Dan Laz Foundation Inc40 Kenmare Hall Ne, Atlanta, GA 30324-2566GA2013-05$2,107,316
17Waters Foundation Inc35 Island Dr, Savannah, GA 31406-5238GA2006-10$2,099,691
18Sophia Academy Inc1199 Bellaire Dr Ne, Brookhaven, GA 30319-1105GA2000-01$1,981,384
19Go Big Red Foundation, James K & Sarah J Walton Ttee5038 Carol Ln Nw, Atlanta, GA 30327-4615GA2013-06$1,952,345
20Shoff Foundation Inc1325 Satellite Blvd Nw Ste 1001, Suwanee, GA 30024-4698GA2012-06$1,927,566
Number of organizations performing similar types of work
Alaska25
Alabama219
Arkansas78
Arizona303
California2,586
Colorado408
Connecticut419
District of Columbia111
Delaware583
Florida1,525
Georgia481
Hawaii85
Iowa178
Idaho58
Illinois1,113
Indiana311
Kansas157
Kentucky167
Louisiana161
Massachusetts705
Maryland425
Maine85
Michigan619
Minnesota384
Missouri346
Mississippi70
Montana69
North Carolina788
North Dakota20
Nebraska169
New Hampshire75
New Jersey876
New Mexico92
Nevada215
New York2,617
Ohio698
Oklahoma228
Oregon208
Pennsylvania1,086
Rhode Island184
South Carolina171
South Dakota32
Tennessee266
Texas1,263
Utah274
Virginia477
Vermont54
Washington401
Wisconsin354
West Virginia69
Wyoming63
International44
Total22,395

NonProfitFacts.com is not associated with, endorsed by, or sponsored by John And L A Spears Foundation Inc and has no official or unofficial affiliation with John And L A Spears Foundation Inc