Thomas Merton Center Foundation Inc in Louisville, Kentucky (KY)

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Thomas Merton Center Foundation Inc
Employer Identification Number (EIN)611293209
Name of OrganizationThomas Merton Center Foundation Inc
In Care of NameDouglas D Stegner
Address333 Guthrie St Ste 203, Louisville, KY 40202-1873
ActivitiesDescribed in section 170(b)1)(a)(vi) of the Code, Discussion groups, forums, panels lectures, etc.
SubsectionReligious Organization, Charitable Organization, Educational Organization
Ruling Date05/2000
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$453,906
Amount of Income$280,268
Form 990 Revenue Amount$268,763
National Taxonomy of Exempt Entities (NTEE)Religion-Related, Spiritual Development: Christian


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Amount of income in 2011: $280,268
This organization: 

 $280,268
Other organizations performing similar types of work: 

 $110,332

Assets in 2011: $453,906
Thomas Merton Center Foundation Inc: 

 $453,906
Other organizations performing similar types of work: 

 $46,611

Expenses in 2011: $305,040
This organization: 

 $305,040
Other organizations performing similar types of work: 

 $113,715

Income to expenses ratio in 2011: 0.9
This organization: 

 0.9
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2001: 28.8%
Thomas Merton Center Foundation Inc: 

 28.8%
Other organizations performing similar types of work: 

 82.3%

Number of employees in 2001: 2
This organization: 

 2
Other organizations performing similar types of work: 

 2

Employees paid over $50,000 in 2001: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 3.0%

Grants share in income in 2011: 59.4%
Thomas Merton Center Foundation Inc: 

 59.4%
Other organizations performing similar types of work: 

 87.1%

Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$268,763
Contributions, Gifts, Grants and Other Similar Amounts$159,538
Program Service Revenue$101,259
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$189
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$7,305
Gross sales of inventory, less returns and allowances$18,810
Less: cost of goods sold$11,505
Miscellaneous Revenue$472
Statement of Functional Expenses (for 2011)
Total functional expenses$305,040
Compensation of current officers, directors, trustees, and key employees$64,875
Other salaries and wages$63,739
Payroll taxes$9,505
Professional fundraising services$0
Other$166,921
Balance Sheet (for 2011)
Total assets$453,906
Total liabilities$18,477
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$18,477
Total net assets or fund balances$435,429
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$1,266,343
Gifts, grants, contributions, and membership fees received$1,255,552
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$10,791
Gross receipts from related activities, etc.$1,030,161
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001
Total revenue$215,494$267,709
Contributions, gifts, grants, and similar amounts received$172,250$193,680
Contributions to donor advised funds
Direct public support$172,250$193,680
Indirect public support$0$0
Government contributions (grants)$0$0
Program service revenue including government fees and contracts$19,771$18,518
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$21,618$13,094
Dividends and interest from securities$2,870$10,748
Net rental income or (loss)$0$0
Gross rents$0$0
Less: rental expenses$0$0
Other investment income$0$0
Gain or (loss) from sales of assets other than inventory$-1,959$0
Gross amount from sales of assets other than inventory$148,041$0
Less: cost or other basis and sales expenses$150,000$0
Net income or (loss) from special events and activities$0$0
Gross revenue$0$0
Less: direct expenses other than fundraising expenses$0$0
Gross profit or (loss) from sales of inventory$229$144
Gross sales of inventory, less returns and allowances$1,829$8,024
Less: cost of goods sold$1,600$7,880
Other revenue$715$31,525
Total expenses$284,263$230,062
Program services$159,365$66,215
Management and general$121,415$129,290
Fundraising$3,483$34,557
Payments to affiliates$0$0
Net assets or fund balances at end of year$524,347$548,489
Excess or (deficit) for the year$-68,769$37,647
Net assets or fund balances at beginning of year$612,748$524,347
Other changes in net assets or fund balances$-19,632$-13,505
Statement of Functional Expenses (for 2001)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$230,062$66,215$129,290$34,557
Grants paid from donor advised funds
Other grants and allocations$1,000
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$60,307$5,102$44,347$10,858
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$45,691$27,849$8,480$9,362
Pension plan contributions not included above$7,597$2,243$1,455$3,899
Employee benefits not included above$4,502$1,711$900$1,891
Payroll taxes$7,940$3,017$3,335$1,588
Professional fundraising fees$0$0$0$0
Accounting fees$11,050$0$11,050$0
Legal fees$0$0$0$0
Supplies$11,303$0$11,303$0
Telephone$4,301$0$4,301$0
Postage and shipping$3,476$0$3,476$0
Occupancy$7,195$0$7,195$0
Equipment rental and maintenance$29$0$29$0
Printing and publications$423$0$423$0
Travel$0$0$0$0
Conferences, conventions, and meetings$3,537$0$3,537$0
Interest$424$0$424$0
Depreciation, depletion, etc.$4,837$0$4,837$0
Other expenses not covered above$56,450$25,293$24,198$6,959
Balance Sheets
20002001
Total assets$568,957$568,444
Cash - non-interest-bearing$38,375$60,424
Savings and temporary cash investments$266,391$289,504
Accounts receivable less allowance for doubtful accounts$58$0
Pledges receivable less allowance for doubtful accounts$121,601$24,000
Grants receivable$7,500$69,000
Receivables from current and former officers, directors, trustees, and key employees$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0
Inventories for sale or use$4,866$3,071
Prepaid expenses and deferred charges$528$494
Investments - publicly-traded securities
Investments - other securities$0$0
Investments - land, buildings, and equipment less accumulated depreciation$24,104$31,139
Investments - other$105,534$90,812
Land, buildings, and equipment less accumulated depreciation$0$0
Other assets, including program-related investments$0$0
Total liabilities$44,610$19,955
Accounts payable and accrued expenses$4,134$9,578
Grants payable$30,550$149
Deferred revenue$0$0
Loans from officers, directors, trustees, and key employees$0$0
Tax-exempt bond liabilities$0$0
Mortgages and other notes payable$4,457$3,334
Other liabilities$5,469$6,894
Total liabilities and net assets/fund balances$568,957$568,444
Total net assets or fund balances$524,347$548,489
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001
Total revenue$215,494$267,709
Total revenue, gains, and other support per audited financial statements$207,461$283,899
Other expenses$-8,033$16,190
Net unrealized gains on investments$-23,774$0
Donated services and use of facilities$14,142$8,309
Recoveries of prior year grants$0$0
Other$1,599$7,881
Other revenue$0$0
Investment expenses$0$0
Other$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001
Total expenses$284,263$230,062
Total expenses and losses per audited financial statements$285,862$259,757
Other revenue$1,599$29,695
Donated services and use of facilities$0$0
Prior year adjustments$0$0
Losses$0$21,814
Other$1,599$7,881
Other expenses$0$0
Investment expenses$0$0
Other$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20062
Analysis of Income-Producing Activities (for 2001)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$55,367$18,662
Program service revenue
Program service revenue 1000000$000$0$50
Program service revenue 2000000$000$0$4,987
Program service revenue 3000000$000$0$950
Program service revenue 4000000$000$0$93
Program service revenue 5000000$000$0$12,438
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$13,094$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$10,748$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$144
Other revenue000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$31,525$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2001)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2001)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2001)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
19992000
Total$299,702$314,444
Gifts, grants, and contributions received$278,397$267,641
Membership fees received$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$11,497$21,600
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$9,622$24,488
Net income from unrelated business activities not included above$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0
Other income$186$715
Lobbying Expenditures by Electing Public Charities (for 2001)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Number of organizations performing similar types of work
Alaska2
Alabama32
Arkansas11
Arizona20
California177
Colorado23
Connecticut15
District of Columbia4
Delaware9
Florida128
Georgia79
Hawaii2
Iowa11
Idaho5
Illinois66
Indiana34
Kansas10
Kentucky25
Louisiana20
Massachusetts14
Maryland44
Maine7
Michigan35
Minnesota18
Missouri34
Mississippi10
Montana4
North Carolina68
North Dakota3
Nebraska8
New Hampshire2
New Jersey33
New Mexico9
Nevada9
New York50
Ohio37
Oklahoma39
Oregon19
Pennsylvania33
Rhode Island4
South Carolina25
South Dakota3
Tennessee41
Texas164
Utah1
Virginia35
Vermont5
Washington13
Wisconsin21
West Virginia6
Wyoming2
International1
Total1,470

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