Pal Foundation in Overland Park, 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
| Pal Foundation | |
| Employer Identification Number (EIN) | 481218681 |
| Name of Organization | Pal Foundation |
| In Care of Name | Robert Purinton |
| Address | 6900 College Blvd Ste 350, Overland Park, KS 66211-1578 |
| Subsection | Charitable Organization |
| Ruling Date | 10/1999 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $4,224,862 |
| Amount of Income | $1,096,300 |
| Form 990 Revenue Amount | $299,528 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2012: $1,096,300 (it was $2,568,553 in 2011)
| This organization: | $1,096,300 |
| Other organizations performing similar types of work: | $103,138 |
Assets in 2012: $4,224,862 (it was $4,360,733 in 2011)
| Pal Foundation: | $4,224,862 |
| Other organizations performing similar types of work: | $338,623 |
Expenses in 2012: $311,816
| This organization: | $311,816 |
| Other organizations performing similar types of work: | $46,867 |
Income to expenses ratio in 2012: 3.5
| This organization: | 3.5 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 0.0%
| This organization: | 0.0% |
| 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 | $175,945 | $175,945 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $14 | |||
| Dividends and interest from securities | $116,152 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $59,779 | |||
| Total expenses and disbursements | $311,816 | $53,604 | $0 | $217,575 |
| Compensation of officers, directors, trustees, etc. | $53,401 | |||
| Total operating and administrative expenses | $161,252 | $53,604 | $67,011 | |
| Contributions, gifts, grants paid | $150,564 | |||
| Excess of revenue over expenses and disbursements | $-135,871 | |||
| Net investment income | $122,341 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $4,224,862 | $4,552,174 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $4,124,312 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $100,550 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $4,224,862 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $59,779 |
| 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 | $1,223 |
| Total credits and payments | $1,400 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,400 |
| 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 | $177 |
| Amount to be credited to 2013 estimated tax | $177 |
| 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 | $4,533,004 |
| Net value of noncharitable-use assets | $4,465,000 |
| Minimum investment return | $223,250 |
| Distributable Amount (for 2012) | |
| Distributable amount | $222,027 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $222,027 |
| 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 | Tom@feist Foundation | PO BOX 216, Spearville, KS 67876-0216 | KS | 2013-11 | $15,248,338 |
| 2 | Sarli Family Foundation | 44 Coventry Ct, Prairie Vlg, KS 66208-5225 | KS | 2002-10 | $6,611,328 |
| 3 | Cocherl Family Foundation, Patrick J Cocherl Jr Ttee | 14105 Canterbury St, Leawood, KS 66224-9641 | KS | 2012-11 | $6,606,451 |
| 4 | Shumaker Family Foundation, Shumaker Paul K Et Al Ttee | 1948 E Santa Fe St Ste G, Olathe, KS 66062-1894 | KS | 2003-06 | $3,660,301 |
| 5 | Sam Price Family Foundation | PO BOX 12067, Shawnee Msn, KS 66282-2067 | KS | 2002-11 | $2,406,940 |
| 6 | Vera J Casado Charitable Tr | PO BOX ONE TRUST TAX DEPT, Wichita, KS 67201 | KS | 2005-03 | $2,305,803 |
| 7 | Ross Charitable Tr, Ross Dennis L Md Ttee | 747 N Linden Ct, Wichita, KS 67206-4004 | KS | 2006-01 | $2,250,213 |
| 8 | Vess Family Foundation | 1700 Waterfront Parkway Bldg 500, Wichita, KS 67206-6619 | KS | 2013-01 | $1,469,917 |
| 9 | Ross & Marianna Beach Foundation Inc | PO BOX 1752, Lawrence, KS 66044-8752 | KS | 2002-08 | $1,459,337 |
| 10 | Moxley Trust Max Lowell And Sarah Charlene, Granville M Bush Iv Ttee | PO BOX 6, Sterling, KS 67579-0006 | KS | 2013-07 | $1,340,485 |
| 11 | John R Devore Charitable Trust | PO BOX B, Paola, KS 66071-0702 | KS | 2014-09 | $827,389 |
| 12 | Zola Desmond Scholarship Trust | 3035 Sw Topeka Blvd, Topeka, KS 66611-2122 | KS | 2002-10 | $575,286 |
| 13 | Obrate Foundation | PO BOX 1271, Garden City, KS 67846-1271 | KS | 2013-10 | $476,867 |
| 14 | William L Crow Charitable Tr | PO BOX ONE TRUST TAX DEPT, Wichita, KS 67201 | KS | 2007-03 | $418,069 |
| 15 | Seele Foundation | 2835 N Range Ave, Colby, KS 67701-9124 | KS | 2007-01 | $376,959 |
| 16 | Tim And Gail Buchanan Family Foundation | 8415 E 21st St N Ste 100, Wichita, KS 67206-2959 | KS | 2014-10 | $336,167 |
| 17 | Offering Hope Foundation | 5401 W 141st Ter, Leawood, KS 66224-1172 | KS | 2013-11 | $268,465 |
| 18 | Thru The Bible Radio Trust Share Of The Lex H Copeland & Carrie M | 5901 College Blvd Ste 100, Overland Park, KS 66211-1834 | KS | 2007-09 | $260,316 |
| 19 | Thomas Fahey Family Foundation | 9701 Overbrook Rd, Leawood, KS 66206-2309 | KS | 2009-04 | $243,409 |
| 20 | Toon Family Charitable Foundation | 4931 S Victoria St, Wichita, KS 67216-2046 | KS | 2003-01 | $211,037 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 20,448 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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