Owen Foundation in Olathe, Kansas (KS)
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
| Owen Foundation | |
| Employer Identification Number (EIN) | 911877873 |
| Name of Organization | Owen Foundation |
| In Care of Name | David C Owen |
| Address | 27085 W 102nd St, Olathe, KS 66061-8406 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 08/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Tax Period | 12/2012 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $244,164 |
| Amount of Income | $645 |
| Form 990 Revenue Amount | $19 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Public Foundations |
Non-representatives - add comments:
Amount of income in 2012: $645 (it was $19 in 2011)
| This organization: | $645 |
| Other organizations performing similar types of work: | $124,396 |
Assets in 2012: $244,164 (it was $343,091 in 2011)
| Owen Foundation: | $244,164 |
| Other organizations performing similar types of work: | $313,863 |
Expenses in 2012: $103,627
| This organization: | $103,627 |
| Other organizations performing similar types of work: | $64,100 |
Income to expenses ratio in 2012: 0.0
| This organization: | 0.0 |
| Other organizations performing similar types of work: | 1.5 |
Grants share in income in 2012: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 0.6% |
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 | $645 | $13 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $13 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $632 | |||
| Total expenses and disbursements | $103,627 | $0 | $0 | $102,025 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,602 | $0 | $0 | |
| Contributions, gifts, grants paid | $102,025 | |||
| Excess of revenue over expenses and disbursements | $-102,982 | |||
| Net investment income | $13 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $244,164 | $51,428 |
| Cash - non-interest-bearing | $49,381 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $194,783 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $244,164 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| 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 | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| 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 | $128,098 |
| Net value of noncharitable-use assets | $126,180 |
| Minimum investment return | $6,309 |
| Distributable Amount (for 2012) | |
| Distributable amount | $6,309 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $6,309 |
| 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 | Tony Patino Fellowship Trust 783352 | PO BOX 1297, New York, NY 10008-1297 | NY | 1997-10 | $1,573,984 |
| 2 | Alpha Iota Educational Foundation, C-O Bruce T Gregg | 5044 W 129th Ter, Leawood, KS 66209-1838 | KS | 1993-04 | $6,374 |
| 3 | Pakis Family Foundation | 2201 E Camelback Rd Ste 405b, Phoenix, AZ 85016-3431 | AZ | 1997-02 | $27,278,652 |
| 4 | The James I Harrison Family Foundation Inc | 3925 Rice Mine Rd Ne, Tuscaloosa, AL 35406-1523 | AL | 1997-10 | $9,979,448 |
| 5 | The Clarence & Martha Jones Family Foundation | 6170 Chaise Ct, Reno, NV 89519-7329 | NV | 1996-07 | $7,227,624 |
| 6 | Scott & Suling Mead Foundation | PO BOX 73, New York, NY 10274-0073 | NY | 1998-03 | $5,724,413 |
| 7 | Flinthills Services Inc | 505 S Walnut Valley Dr, El Dorado, KS 67042-9001 | KS | 1994-07 | $4,235,428 |
| 8 | Kansas Cosmosphere Foundation | 1100 N Plum St, Hutchinson, KS 67501-1418 | KS | 1998-04 | $793,785 |
| 9 | Wichita Rotary Charitable Fund Inc | 100 N Main St Ste 1003, Wichita, KS 67202-1315 | KS | 1986-08 | $403,477 |
| 10 | Woodland Hills Inc | 650 Minnesota Ave, Kansas City, KS 66101-2806 | KS | 1994-09 | $334,138 |
| 11 | Morland Community Foundation Inc | PO BOX 44, Morland, KS 67650-0044 | KS | 1994-08 | $131,134 |
| 12 | United Methodist Youthville Foundation Inc | Po Box 210 900 W Broadway, Newton, KS 67114 | KS | 1996-08 | $98,946 |
| 13 | Deaf Hope Inc | PO BOX 14441, Shawnee, KS 66215 | KS | 1993-10 | $64,989 |
| 14 | Kansas Childrens Service League Foundation | 1365 N Custer St, Wichita, KS 67203-6634 | KS | 1998-08 | $27,512 |
| 15 | U S D 431 Education Foundation | 165 W 3rd St, Hoisington, KS 67544-2201 | KS | 1996-11 | $26,035 |
| 16 | Walter H Wulf & May L Wulf Charitable Foundation | 700 Wulf Dr, Humboldt, KS 66748-1989 | KS | 1998-06 | $17,331 |
| 17 | Dean Family Foundation | 113 W 1st St, Tonganoxie, KS 66086-9676 | KS | 1998-01 | $6,595 |
| 18 | Owen Foundation | 27085 W 102nd St, Olathe, KS 66061-8406 | KS | 1998-08 | $645 |
| 19 | Decatur County Fair Foundation Inc | 124 E Hall, Oberlin, KS 67749 | KS | 1994-01 | $0 |
| 20 | Fifth Avenue Foundation Inc | 114 W 5th Ave Ste 300, Arkansas City, KS 67005-2628 | KS | 1994-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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