Titus Foundation in Lakeville, Minnesota (MN)
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
| Titus Foundation | |
| Employer Identification Number (EIN) | 208470825 |
| Name of Organization | Titus Foundation |
| In Care of Name | Brett Harris |
| Address | 19198 Ismay Ct, Lakeville, MN 55044-2501 |
| Subsection | Charitable Organization |
| Ruling Date | 04/2008 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $217 |
| Amount of Income | $1 |
| Form 990 Revenue Amount | $1 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Emergency Assistance (Food, Clothing, Cash) |
Non-representatives - add comments:
Amount of income in 2011: $1 (it was $40,450 in 2010)
| This organization: | $1 |
| Other organizations performing similar types of work: | $61,953 |
Assets in 2011: $217 (it was $15,329 in 2010)
| This organization: | $217 |
| Other organizations performing similar types of work: | $34,253 |
Expenses in 2011: $15,112
| Titus Foundation: | $15,112 |
| Other organizations performing similar types of work: | $53,058 |
Income to expenses ratio in 2011: 0.0
| Titus Foundation: | 0.0 |
| Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2011: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 8.9% |
Expenses for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $1 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $1 | |||
| Total expenses and disbursements | $15,112 | $398 | $0 | $14,714 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $398 | $398 | $0 | |
| Contributions, gifts, grants paid | $14,714 | |||
| Excess of revenue over expenses and disbursements | $-15,112 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $217 | $217 |
| Cash - non-interest-bearing | $217 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $217 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| 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 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| 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 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| 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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | 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 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $6,862 |
| Net value of noncharitable-use assets | $6,760 |
| Minimum investment return | $338 |
| Distributable Amount (for 2011) | |
| Distributable amount | $338 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $338 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | 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 | Weaverland Financial Aid | 1601 Lincoln Rd, Lititz, PA 17543-9161 | PA | 2004-06 | $3,271,147 |
| 2 | Richmond Outreach Center Inc | PO BOX 6415, Richmond, VA 23230-0415 | VA | 2001-03 | $2,412,691 |
| 3 | Veterans Airlift Command | 7825 Washington Ave S Ste 500, Minneapolis, MN 55439-2415 | MN | 2006-11 | $6,051,376 |
| 4 | Unitedhealthcare Childrens Foundation Inc | PO BOX 41, Minneapolis, MN 55440-0041 | MN | 1999-12 | $5,405,567 |
| 5 | Veterans For Peace Inc, Vfp Chapter 127 | 1498 Fremont Ave, St Paul, MN 55106 | MN | 1999-08 | $589,387 |
| 6 | Love Inc Of Douglas County Lakesarea | 44 Glenn Rd Nw, Alexandria, MN 56308-4007 | MN | 2007-12 | $410,388 |
| 7 | Open Hands Midway Inc | 436 Roy St N, Saint Paul, MN 55104-3808 | MN | 2009-09 | $407,798 |
| 8 | Free Bikes 4 Kidz | 3181 Fernbrook Ln N, Minneapolis, MN 55447-5320 | MN | 2010-03 | $343,167 |
| 9 | Reach & Restore | 4737 County Rd 101 Box 220, Minnetonka, MN 55345 | MN | 2008-09 | $214,432 |
| 10 | His Givers | 11230 18th St, Princeton, MN 55371 | MN | 2011-08 | $146,001 |
| 11 | We Share Inc | 11125 Johnson Ave S, Bloomington, MN 55437-3274 | MN | 1999-12 | $140,923 |
| 12 | Families And Individuals Sharing Hope | 16049 Franklin Trail Se, Prior Lake, MN 55372-5500 | MN | 2012-09 | $133,582 |
| 13 | Booker Mini Foundation | 415 3rd Ave Se, Rochester, MN 55904 | MN | 2007-08 | $114,497 |
| 14 | Wabasha Area Community Resource Center | PO BOX 51, Wabasha, MN 55981-0051 | MN | 2012-08 | $105,865 |
| 15 | Best Buy Schulze Family Fund | 7601 Penn Ave S, Richfield, MN 55423-3645 | MN | 2010-06 | $100,673 |
| 16 | We Care Project | PO BOX 84, Morgan, MN 56266-0084 | MN | 2013-02 | $97,668 |
| 17 | Wee Care We Share | PO BOX 984, Annandale, MN 55302-0984 | MN | 1997-12 | $47,520 |
| 18 | Unitedhealth Cares Inc | 9900 Bren Road East Mn 008-W340, Minnetonka, MN 55343 | MN | 2000-06 | $15,702 |
| 19 | Lincoln Park Children And Families Collaborative | 5162 London Road, Duluth, MN 55804 | MN | 2011-12 | $15,400 |
| 20 | The Diaper Drive | 1633 County Hwy 10, Spring Lake Park, MN 55432-2140 | MN | 2010-09 | $11,290 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 5,127 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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