Sequoia Farm Foundation in Decatur, Illinois (IL)

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Sequoia Farm Foundation
Employer Identification Number (EIN)455160833
Name of OrganizationSequoia Farm Foundation
Address145 N Merchant St, Decatur, IL 62523-1216
SubsectionCharitable Organization, Educational Organization
Ruling Date04/2013
DeductibilityContributions are deductible
FoundationPrivate operating foundation (other)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$50,000,000 to greater
Income$10,000,000 to $49,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$64,120,746
Amount of Income$23,723,116
Form 990 Revenue Amount$23,670,975
National Taxonomy of Exempt Entities (NTEE)Science and Technology Research Institutes, Services: Physical Sciences, Earth Sciences Research and Promotion
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Amount of income in 2013: $23,723,116
Sequoia Farm Foundation: 

 $23,723,116
Other organizations performing similar types of work: 

 $82,849

Assets in 2013: $64,120,746
Sequoia Farm Foundation: 

 $64,120,746
Other organizations performing similar types of work: 

 $66,196

Expenses in 2013: $5,117,556
Sequoia Farm Foundation: 

 $5,117,556
Other organizations performing similar types of work: 

 $58,728

Income to expenses ratio in 2013: 4.6
This organization: 

 4.6
Other organizations performing similar types of work: 

 0.8

Grants share in income in 2013: 91.4%
This organization: 

 91.4%
Other organizations performing similar types of work: 

 0.6%

Financial snapshot for 2013 ($)

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$23,670,975$353$0
Contributions, gifts, grants, etc., received$21,642,667
Interest on savings and temporary cash investments$0
Dividends and interest from securities$0
Gross rents$0
Gross sales price for all assets$52,494
Gross profit from sales of goods$0
Other income$2,027,955
Other$353
Total expenses and disbursements$5,117,556$0$0$2,920,357
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$0
Legal fees$111,764
Accounting fees$1,545
Interest$0
Depreciation$2,197,199
Occupancy$336,116
Travel, conferences, and meetings$22,885
Printing and publications$0
Total operating and administrative expenses$4,908,963$0$2,711,764
Contributions, gifts, grants paid$208,593
Excess of revenue over expenses and disbursements$18,553,419
Net investment income$353
Adjusted net income$0
Balance Sheets
2013
Book ValueFair Market Value
Total assets$64,120,746$67,655,956
Cash - non-interest-bearing$540,956
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Other assets$0
Total liabilities$13,229
Mortgages and other notes payable$0
Other liabilities$0
Total liabilities and net assets/fund balances$64,107,517
Capital Gains and Losses for Tax on Investment Income
2013
Capital gain net income$353
Net capital loss$0
Excise Tax Based on Investment Income
2013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$7
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$7
Overpayment$0
Amount to be credited to next year's estimated tax$0
Statements Regarding Activities
2013
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
Has the foundation engaged in any activities that have not previously been reported to the IRS?No
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?No
Has the foundation filed a tax return on Form 990-T for this year?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?Yes
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?No
Did any persons become substantial contributors during the tax year?No
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?No
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?Yes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041No
Statements Regarding Activities for Which Form 4720 May Be Required
2013
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
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?No
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?No
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?No
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?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 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?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
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?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
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?No
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?No
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?No
Minimum Investment Return
2013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$16,822,316
Net value of noncharitable-use assets$16,569,981
Minimum investment return$828,499
Distributable Amount
2013
Distributable amount$828,492
Undistributed Income
2013
Distributable amount for this year$828,492
Undistributed income for this year. This amount must be distributed in the next year$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
The lesser of the adjusted net income or the minimum investment return$1$0$0$0$1
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$1$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$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
$455,271$0
$1,569,362$0
$1$0
$3,321$0
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$0$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

Ratings Summary

Based on 1 vote

Overall Rating:
*
1.0
Ratings in categories:
Program:
*
1.0
Fundraising:
*
1.0
Expenses:
*
1.0
Transparency:
*
1.0

1 User Review:

Chubby

Added on May 21, 2019 3:10 PM
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Fundraising:
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Would you recommend Sequoia Farm Foundation to others? No
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Sequoia Farm Foundation145 N Merchant St, Decatur, IL 62523-1216IL2013-04$23,723,116
2Science Friday Initiative Inc19 W 44th St Ste 412, New York, NY 10036-5900NY2003-12$2,521,893
3Washington Aerospace Scholarsfoundation9404 E Marginal Way S, Tukwila, WA 98108-4097WA2007-04$1,703,740
4Smart Tech Challenges Foundation225 Bush St Ste 1200, San Francisco, CA 94104-4254CA2014-09$1,510,219
5Shodor Education Foundation Inc807 E Main St Ste 7100, Durham, NC 27701-4072NC1995-08$1,083,330
6Earthrise Space Foundation Inc3251 Progress Dr Ste D Rm 232, Orlando, FL 32826-2931FL2012-09$625,906
7National Tornado Foundation3616 N W 56th St Ste 330, Oklahoma City, OK 73112OK2013-02$455,481
8Outercurve Foundation401 Edgewater Pl Ste 600, Wakefield, MA 01880-6200MA2011-04$307,454
9S O J Institute For Slow FlightPO BOX 698, Mansfield, OH 44901-0698OH2003-10$296,310
10Tillamook Bay Watershed CouncilPO BOX 509, Garibaldi, OR 97118-0509OR2006-09$289,713
11International Cryosphere Climate Initiative36 Birdie Dr, Hinesburg, VT 05461-9424VT2011-04$270,083
12Nexterra Foundation Inc291 Tripp Rd, Millerton, NY 12546-4748NY2012-03$250,886
13Muddy Sneakers IncPO BOX 146, Brevard, NC 28712-0146NC2008-12$220,756
14Climatecycle5425 N Glenwood Ave, Chicago, IL 60640-1203IL2008-03$166,153
15Champagne-Urbana Astronomical Socities Inc2400 W Bradley Ave, Champaign, IL 61821IL2014-09$0
16Fox Valley Sport Aviation Association Eaa Chapter 579Po Box 559, Sugar Grove, IL 60554IL2004-08$0
17General Aviation Space Group2505 Chippendale Dr, Belleville, IL 62221IL2008-10$0
18Global Oceans1034 Hidden Creek Court, Vernon Hills, IL 60061IL2013-01$0
19International Space Elevator Consortium473 Eagle View Drive, Carol Stream, IL 60188IL2011-02$0
20Quantum Aetherdynamics Institute518 Illinois St, Alma, IL 62807IL2005-08$0
Number of organizations performing similar types of work
Alaska1
Alabama6
Arkansas2
Arizona5
California44
Colorado13
Connecticut4
District of Columbia4
Delaware2
Florida15
Georgia4
Iowa4
Illinois8
Indiana1
Kansas2
Kentucky1
Louisiana1
Massachusetts12
Maryland5
Maine4
Michigan1
Minnesota3
Mississippi1
Montana6
North Carolina9
Nebraska1
New Hampshire3
New Jersey2
New Mexico5
Nevada2
New York13
Ohio4
Oklahoma3
Oregon8
Pennsylvania3
South Carolina2
South Dakota2
Tennessee4
Texas20
Utah3
Virginia7
Vermont2
Washington13
Wisconsin4
West Virginia1
Wyoming2
Total262

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