Firm Foundation in Wdm, Iowa (IA)
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
| Firm Foundation | |
| Employer Identification Number (EIN) | 202270752 |
| Name of Organization | Firm Foundation |
| In Care of Name | Delwin Quenzer |
| Address | 5604 Glen Oaks Pt, Wdm, IA 50266-6625 |
| Subsection | Charitable Organization |
| Ruling Date | 04/2005 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $127,899 |
| Amount of Income | $167,793 |
| Form 990 Revenue Amount | $52,894 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2012: $167,793 (it was $81,879 in 2011)
| This organization: | $167,793 |
| Other organizations performing similar types of work: | $103,138 |
Assets in 2012: $127,899 (it was $27,861 in 2011)
| Firm Foundation: | $127,899 |
| Other organizations performing similar types of work: | $338,623 |
Expenses in 2012: $59,940
| Firm Foundation: | $59,940 |
| Other organizations performing similar types of work: | $46,867 |
Income to expenses ratio in 2012: 2.8
| Firm Foundation: | 2.8 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 99.7%
| Firm Foundation: | 99.7% |
| Other organizations performing similar types of work: | 79.6% |
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 | $159,478 | $507 | $0 | |
| Contributions, gifts, grants, etc., received | $159,067 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $507 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $59,940 | $942 | $0 | $58,998 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,690 | $942 | $748 | |
| Contributions, gifts, grants paid | $58,250 | |||
| Excess of revenue over expenses and disbursements | $99,538 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $127,899 | $130,601 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $52,204 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $75,695 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $127,899 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-96 |
| 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 | $0 |
| Total credits and payments | $40 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $40 |
| 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 |
| Tax due | $0 |
| Overpayment | $40 |
| Amount to be credited to 2013 estimated tax | $40 |
| 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? | No |
| 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? | 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 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)? | 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 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $52,358 |
| Net value of noncharitable-use assets | $51,580 |
| Minimum investment return | $2,579 |
| Distributable Amount (for 2012) | |
| Distributable amount | $3,079 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $3,079 |
| 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 | $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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Stine Family Foundation | 22555 Laredo Trl, Adel, IA 50003-4570 | IA | 2000-06 | $7,399,681 |
| 2 | Duane Hinkle Charitable Foundation | PO BOX 1088, Burlington, IA 52601-1088 | IA | 2013-08 | $6,044,504 |
| 3 | Underwood Family Foundation | 102 S Harrison St Ste 200, Davenport, IA 52801-1811 | IA | 2005-01 | $5,855,216 |
| 4 | Foster And Evelyn Barkema Charitable Tr | 700 S Federal St, Hampton, IA 50441-2357 | IA | 2014-06 | $5,229,373 |
| 5 | Lohse Family Foundation | PO BOX 67, Bondurant, IA 50035-0067 | IA | 2015-02 | $5,196,783 |
| 6 | W T And Edna Dahl Trust, Tyler Paul R Ttee | 699 Walnut St Ste 1600, Des Moines, IA 50309-3944 | IA | 2009-07 | $3,344,542 |
| 7 | Tomson Fam Foundation Tr, O Jay Tomson And Patricia Tomson Tt | 2601 4th St Sw, Mason City, IA 50401-4650 | IA | 2014-02 | $1,976,667 |
| 8 | Vredenburg Foundation | PO BOX 678, Chariton, IA 50049-0678 | IA | 1999-01 | $1,555,851 |
| 9 | Sukup Family Foundation | 1379 Beeds Lake Dr, Hampton, IA 50441-7437 | IA | 2000-05 | $1,403,327 |
| 10 | K2 Charitable Foundation | 2400 86th St Ste 24, Urbandale, IA 50322-4306 | IA | 2013-07 | $956,522 |
| 11 | Harold R Bechtel Charitable Tr | 201 W 2nd St Ste 1000, Davenport, IA 52801-1817 | IA | 2010-08 | $908,699 |
| 12 | Warren Foundation, Ryan Warren Ttee | 10496 Ne Devotie Dr, Mitchellville, IA 50169-9586 | IA | 2007-08 | $571,623 |
| 13 | The@doris And Violet Erickson Education Foundation | PO BOX 198, Mapleton, IA 51034-0198 | IA | 2005-01 | $450,083 |
| 14 | Behrouz And Christiane Rassekh Foundation | 21627 Greenview Rd, Council Blfs, IA 51503-4135 | IA | 2011-08 | $424,439 |
| 15 | Von Maur-Staak Foundation | 1840 E 54th St, Davenport, IA 52807-2763 | IA | 2015-03 | $300,847 |
| 16 | Helen Holt Charitable Tr | 2301 128th St, Urbandale, IA 50323-1818 | IA | 2009-09 | $258,211 |
| 17 | Konsor Family Foundation | 21198 Homestead Ave, Council Blfs, IA 51503-2114 | IA | 2014-07 | $250,001 |
| 18 | Wti-Molinaro Family Charitable Foundation | 1409 Olympic Dr, Waterloo, IA 50701-4640 | IA | 2000-03 | $223,956 |
| 19 | Ralph And Jeanne Jennings Family Foundation | 8700 Windsor Pkwy, Johnston, IA 50131-2279 | IA | 2013-02 | $174,510 |
| 20 | Victor M & Phyllis Frudden Meyer Family Foundation | 806 Ellis Dr, Charles City, IA 50616-3029 | IA | 2001-01 | $117,210 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 20,448 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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