Max And Helen Guernsey Charitable Foundation in Waterloo, Iowa (IA)

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Max And Helen Guernsey Charitable Foundation
Employer Identification Number (EIN)421460664
Name of OrganizationMax And Helen Guernsey Charitable Foundation
In Care of NameMax Guernsey
AddressPO BOX 1172, Waterloo, IA 50704-1172
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date02/1997
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$10,000,000 to $49,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$19,798,069
Amount of Income$6,099,074
Form 990 Revenue Amount$642,420
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations

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Amount of income in 2014: $6,099,074 (it was $4,940,327 in 2013)
Max And Helen Guernsey Charitable Foundation: 

Other organizations performing similar types of work: 


Assets in 2014: $19,798,069 (it was $18,825,315 in 2013)
This organization: 

Other organizations performing similar types of work: 


Expenses in 2014: $1,531,839
This organization: 

Other organizations performing similar types of work: 


Income to expenses ratio in 2014: 4.0
This organization: 

Other organizations performing similar types of work: 


Grants share in income in 2014: 0.3%
This organization: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Expenses for 2014

Analysis of Revenue and Expenses (for 2014)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$1,597,099$1,592,099$0
Contributions, gifts, grants, etc., received$5,000
Interest on savings and temporary cash investments$145,979
Dividends and interest from securities$297,610
Gross rents$88,498
Gross sales price for all assets$5,551,278
Gross profit from sales of goods$0
Other income$10,709
Total expenses and disbursements$1,531,839$94,192$0$1,296,075
Compensation of officers, directors, trustees, etc.$9,000
Pension plans, employee benefits$6,608
Legal fees$0
Accounting fees$14,928
Travel, conferences, and meetings$1,733
Printing and publications$0
Total operating and administrative expenses$235,764$94,192$0
Contributions, gifts, grants paid$1,296,075
Excess of revenue over expenses and disbursements$65,260
Net investment income$1,497,907
Adjusted net income$0
Balance Sheets
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$18,362,713$18,362,713$18,825,315$18,825,315$19,798,069$19,798,069
Cash - non-interest-bearing$0$0$0
Investments-U.S. and state government obligations$2,184,617$2,213,861$2,013,797
Investments-corporate stock$11,694,441$12,801,824$14,042,404
Investments-corporate bonds$3,361,911$2,670,290$2,702,741
Investments-mortgage loans$0$0$0
Other assets$50,266$43,863
Total liabilities$39,143$105,269$63,891
Mortgages and other notes payable$0$0$0
Other liabilities$4,478$3,939
Total liabilities and net assets/fund balances$18,323,570$18,720,046$19,734,178
Capital Gains and Losses for Tax on Investment Income
Capital gain net income$0$497,048$1,049,303
Net capital loss$-12,335$0$0
Excise Tax Based on Investment Income
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$5,551$9,490$14,979
Total credits and payments$5,400$6,565$9,520
Current year estimated tax payments and previous year's overpayment credited to current year$5,400$5,560$9,520
Exempt foreign organizations-tax withheld at source$0$0$0
Tax paid with application for extension of time to file (Form 8868)$0$0$0
Backup withholding erroneously withheld$0$1,005$0
Any penalty for underpayment of estimated tax$0$0$0
Tax due$2,925$5,459
Amount to be credited to next year's estimated tax$0$0$0
Statements Regarding Activities
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?YesYes
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
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?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNoNo
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)?NoNoNo
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
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$18,923,016$19,058,950$19,766,449
Net value of noncharitable-use assets$18,773,066$19,469,952
Minimum investment return$931,959$938,653$973,498
Distributable Amount
Distributable amount$926,408$927,645$958,519
Undistributed Income
Distributable amount for this year$926,408$927,645$958,519
Undistributed income for this year. This amount must be distributed in the next year$580,306$409,157$71,601
Private Operating Foundations (for 2011 - 2014)
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 2014)
Grants approved for future payment$20,000
Analysis of Income-Producing Activities (for 2014)
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$145,978$0
Dividends and interest from securities$297,610$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2014)
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:
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
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1The Stanley Foundation209 Iowa Ave, Muscatine, IA 52761-3730IA1995-07$24,459,695
2Goldstein Family FoundationC/O Tricia Mendoza 2117 State, Bettendorf, IA 52722IA1998-04$10,761,350
3Max And Helen Guernsey Charitable FoundationPO BOX 1172, Waterloo, IA 50704-1172IA1997-02$6,099,074
4Gerdin Charitable Foundation901 N Kansas Ave, North Liberty, IA 52317-4725IA1997-05$4,987,969
5Weathertop Foundation5320 Grand Ave, Des Moines, IA 50312-2124IA1996-04$2,876,629
6Zuckert Family Charitable Foundation1515 Linden St Ste 230, Des Moines, IA 50309-3120IA1997-01$2,402,579
7Helen J Urban & Thomas Nelson Urban Sr Charitable Fdn Tr Iii214 Foster Dr, Des Moines, IA 50312-2540IA1996-12$1,826,103
8Lucile@latta Charitable Trust C/O The Security National Bank OfPO BOX 147, Sioux City, IA 51102-0147IA1997-02$1,412,375
9Coons Foundation17112 480th Ln, Chariton, IA 50049-8647IA1997-08$1,179,191
10Mcintyre FoundationPO BOX 232, Mount Vernon, IA 52314-0232IA1997-03$1,094,844
11Accelerated Learning Foundation118 N Court St, Fairfield, IA 52556-2811IA1998-12$1,009,453
12The@jared And Carol Hills Foundation115 3rd St Se Ste 1200, Cedar Rapids, IA 52401-1222IA1997-10$529,300
13The Vonderhaar Family Foundation6 Summer Pl, Bettendorf, IA 52722-7544IA1996-02$339,394
14Donald F & Charlene K Lamberti Foundation201 Ne Delaware Ave Ste 200, Ankeny, IA 50021IA1996-08$101,791
15William H And Beverly J Channell Foundation1452 Pompano Dr, Clive, IA 50325-8341IA1998-07$49,711
16Taylor Family Foundation1441 29th St Ste 305, Wdm, IA 50266-1309IA1997-05$33,548
17William C Metz Charitable Foundation Ii34 W Kings Hwy, Sioux City, IA 51104-1039IA1997-07$25,715
18Shey Family Foundation2303 Highway 169, Algona, IA 50511-7157IA1997-11$1
19Des Moines Pastoral Counseling Center Foundation8553 Urbandale Ave, Urbandale, IA 50322IA1997-03$0
20Guild Foundation504 N 4th St Ste 105, Fairfield, IA 52556-2486IA1998-07$0
Number of organizations performing similar types of work
District of Columbia27
North Carolina155
North Dakota2
New Hampshire19
New Jersey213
New Mexico23
New York524
Rhode Island33
South Carolina40
South Dakota12
West Virginia9
Total5,225 is not associated with, endorsed by, or sponsored by Max And Helen Guernsey Charitable Foundation and has no official or unofficial affiliation with Max And Helen Guernsey Charitable Foundation