Rostan Family Foundation in Valdese, North Carolina (NC)

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Rostan Family Foundation
Employer Identification Number (EIN)561901626
Name of OrganizationRostan Family Foundation
In Care of NameJohn P Rostan Jr
AddressPO BOX 970, Valdese, NC 28690-0970
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date03/1995
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$5,000,000 to $9,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$5,619,051
Amount of Income$2,041,532
Form 990 Revenue Amount$286,555
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations


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Amount of income in 2012: $2,041,532 (it was $2,285,597 in 2011)
Rostan Family Foundation: 

 $2,041,532
Other organizations performing similar types of work: 

 $109,612

Assets in 2012: $5,619,051 (it was $5,616,371 in 2011)
Rostan Family Foundation: 

 $5,619,051
Other organizations performing similar types of work: 

 $459,695

Financial snapshot ($)

Revenue for 2011

Expenses for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$286,555$285,493$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$10
Dividends and interest from securities$169,912
Gross rents$0
Gross profit from sales of goods$0
Other income$410
Other$116,223
Total expenses and disbursements$369,170$52,016$0$297,000
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$72,170$52,016$0
Contributions, gifts, grants paid$297,000
Excess of revenue over expenses and disbursements$-82,615
Net investment income$233,477
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$5,616,371$6,001,834
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$145,928
Investments-corporate stock$5,141,779
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$309,669
Other$18,995
Total liabilities$1
Mortgages and other notes payable$0
Other$1
Total liabilities and net assets/fund balances$5,616,371
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$116,223
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$4,670
Total credits and payments$9,760
2011 estimated tax payments and 2010 overpayment credited to 2011$9,760
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
Overpayment$5,090
Amount to be credited to 2012 estimated tax$4,680
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$6,455,851
Net value of noncharitable-use assets$6,359,020
Minimum investment return$317,951
Distributable Amount (for 2011)
Distributable amount$313,281
Undistributed Income (for 2011)
Distributable amount for 2011$313,281
Undistributed income for 2011. This amount must be distributed in 2012$312,556
Private Operating Foundations (for 2011)
2011201020092008Total
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
IdNameAddressStateEstablishedTotal Income
1Thomas H Pitts Trust Uw1 West 4th Street D4000-041, Winston Salem, NC 27101-3818NC1996-02$2,781,111
2Seven Oaks Farm FoundationPO BOX 1046, Belmont, NC 28012-1046NC1997-08$2,418,406
3Thomas R & Elizabeth E Mclean Foundation IncPO BOX 58329, Fayetteville, NC 28305-8329NC1996-08$2,189,609
4Rostan Family FoundationPO BOX 970, Valdese, NC 28690-0970NC1995-03$2,041,532
5Russell Wismer Char Tr Christ Ch1525 W W T Harris Blvd D1114, Charlotte, NC 28262-8522NC2001-10$1,338,770
6The Sylvester Family Foundation IncPO BOX 295, Richlands, NC 28574-0295NC1996-09$1,051,819
7Strickland Family Foundation2000 West First Street, Winston Salem, NC 27104-4225NC1995-01$886,786
8The Wilson Family Foundation411 Tremont Circle, Lenoir, NC 28645NC1997-10$881,578
9The Carson Family Foundation IncPO BOX 26262, Greensboro, NC 27402-6262NC1996-03$674,683
10Cape Fear Clinic Inc1605 Doctors Cir, Wilmington, NC 28401-7405NC1997-09$563,080
11Tom & Elaine Wright Family Foundation Inc4315 Galax Trl, Greensboro, NC 27410-8861NC1995-04$244,742
12Thomas And Kate Fonville Account, Fonville Thomas L Et Al Ttee1018 Harvey St, Raleigh, NC 27608-2332NC1995-05$115,432
13Drexel Foundation Incorporated233 Westwood Dr, Morganton, NC 28655-8965NC1954-04$90,330
14Warren R Reynolds Charitable Trust 3285295001 West 4th Street D4000-041, Winston Salem, NC 27101-3818NC1998-07$35,575
15Tex Williams Foundation Inc1101 Norwalk St, Greensboro, NC 27407-2022NC1996-04$31,675
16Sprinkle Family Foundation IncPO BOX 26262, Greensboro, NC 27402-6262NC1995-03$11,958
17Ross Angel Foundation3011 Spring Grdn St Ste B, Greensboro, NC 27403-1973NC1997-06$6,590
18Warshauer Charitable Trust, Warshauer Miriam Ttee2917 Hydrangea Pl, Wilmington, NC 28403-4015NC1997-03$960
19William A And Eleanor R Nichols FoundationC/0 6101 Carnegie Boulevard, Charlotte, NC 28209-4644NC1998-07$4
20Randall R Kaplan Family FoundationPO BOX 19608, Greensboro, NC 27419-9608NC1995-09$1
Number of organizations performing similar types of work
Alabama58
Arkansas13
Arizona25
California193
Colorado53
Connecticut32
District of Columbia18
Delaware17
Florida268
Georgia93
Hawaii12
Iowa17
Idaho7
Illinois122
Indiana58
Kansas19
Kentucky17
Louisiana34
Massachusetts75
Maryland78
Maine6
Michigan103
Minnesota44
Missouri17
Mississippi18
Montana6
North Carolina96
North Dakota2
Nebraska18
New Hampshire9
New Jersey117
New Mexico4
Nevada17
New York231
Ohio148
Oklahoma28
Oregon19
Pennsylvania181
Rhode Island22
South Carolina28
South Dakota2
Tennessee53
Texas162
Utah23
Virginia76
Vermont8
Washington23
Wisconsin57
West Virginia17
Wyoming7
International3
Total2,754

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