Oldfather Foundation Tr, Diane Oldfather Ttee in Kearney, Nebraska (NE)

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Oldfather Foundation Tr, Diane Oldfather Ttee
Employer Identification Number (EIN)276972352
Name of OrganizationOldfather Foundation Tr
Secondary NameDiane Oldfather Ttee
In Care of NameDavid Oldfather
AddressPO BOX 864, Kearney, NE 68848-0864
SubsectionCharitable Organization
Ruling Date12/2013
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$500,000 to $999,999
Income$25,000 to $99,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$696,701
Amount of Income$81,933
Form 990 Revenue Amount$19,636
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations


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Amount of income in 2013: $81,933 (it was $19,636 in 2012)
Oldfather Foundation Tr, Diane Oldfather Ttee: 

 $81,933
Other organizations performing similar types of work: 

 $105,489

Assets in 2013: $696,701 (it was $715,916 in 2012)
This organization: 

 $696,701
Other organizations performing similar types of work: 

 $325,460

Expenses in 2013: $41,964
Oldfather Foundation Tr, Diane Oldfather Ttee: 

 $41,964
Other organizations performing similar types of work: 

 $49,058

Income to expenses ratio in 2013: 2.0
Oldfather Foundation Tr, Diane Oldfather Ttee: 

 2.0
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 0.0%
Oldfather Foundation Tr, Diane Oldfather Ttee: 

 0.0%
Other organizations performing similar types of work: 

 22.8%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$22,749$18,410$18,410
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$343
Dividends and interest from securities$18,067
Gross rents$0
Gross sales price for all assets$63,523
Gross profit from sales of goods$0
Other income$0
Other$4,339
Total expenses and disbursements$41,964$70$70$38,400
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$0
Legal fees$0
Accounting fees$2,848
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$3,564$70$0
Contributions, gifts, grants paid$38,400
Excess of revenue over expenses and disbursements$-19,215
Net investment income$18,340
Adjusted net income$18,340
Balance Sheets
2010201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$218,995$225,697$711,347$695,677$715,916$778,899$696,701$954,399
Cash - non-interest-bearing$0$0$0$0
Investments-U.S. and state government obligations$0$0$0$0
Investments-corporate stock$218,995$692,669$692,669$633,485
Investments-corporate bonds$0$0$0$20,322
Investments-mortgage loans$0$0$0$0
Investments-other$0$0$0$0
Other assets$0$0$0$0
Total liabilities$0$0$0$1
Mortgages and other notes payable$0$0$0$0
Other liabilities$0$0$0$0
Total liabilities and net assets/fund balances$218,995$711,347$715,916$696,701
Capital Gains and Losses for Tax on Investment Income
2010201120122013
Capital gain net income$0$6,831$0$4,339
Net capital loss$0$0$0$0
Excise Tax Based on Investment Income
2010201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNoNo
Tax based on investment income$0$98$196$183
Total credits and payments$0$0$0$0
Any penalty for underpayment of estimated tax$0$0$0$0
Tax due$0$98$196$183
Overpayment$0$0$0$0
Amount to be credited to next year's estimated tax$0$0$0$0
Statements Regarding Activities
2010201120122013
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?NoNoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNoNoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNoNoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNoNoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYesYesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?NoNoNoNo
Did any persons become substantial contributors during the tax year?YesYesNoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNoNoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYesYesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNoNoNo
Statements Regarding Activities for Which Form 4720 May Be Required
2010201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNoNoNo
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNoNo
Agree to pay money or property to a government official?NoNoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNoNoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNoNoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNoNoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNoNoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNoNo
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)?NoNoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNoNoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNoNo
Minimum Investment Return
2010201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$18,800$434,000$763,586$0
Net value of noncharitable-use assets$18,518$427,490$752,132$0
Minimum investment return$33$21,375$37,607$0
Distributable Amount
2010201120122013
Distributable amount$33$21,277$37,411$0
Undistributed Income
2010201120122013
Distributable amount for this year$33$21,277$37,411$0
Undistributed income for this year. This amount must be distributed in the next year$33$13,810$36,221$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
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
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$343
Dividends and interest from securities$0$18,067
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Sherwood Foundation3555 Farnam Street, Omaha, NE 68131-3311NE1999-11$206,786,054
2The Lozier Foundation6336 Pershing Drive, Omaha, NE 68110-1100NE1987-03$159,447,899
3Henry A Davis FoundationPO BOX 7566, Omaha, NE 68107-0566NE2009-03$6,198,110
4Goldwin Foundation121 S 13th St Ste 800, Lincoln, NE 68508-1911NE2014-02$2,750,000
5Woodmen Foundation1700 Farnam St Ste 2757, Omaha, NE 68102-2003NE2006-11$2,585,917
6Rod Rhoden Foundation4111 S 144th St, Omaha, NE 68137-1012NE2012-06$1,957,635
7The Chief Foundation IncPO BOX 2078, Grand Island, NE 68802-2078NE2006-06$1,173,637
8Cl Werner Foundation14301 Fnb Pkwy Ste 115, Omaha, NE 68154-5299NE2010-06$1,136,426
9Allan & Ann Mactier Charitable Foundation14115 N 42nd St Ste 101, Omaha, NE 68112-3855NE2014-12$1,014,019
10Robert Dale Carstens Charitable Trust, William Scott Davis Ttee1248 O Street, Lincoln, NE 68508-1493NE2013-11$915,390
11Cost Of Discipleship Foundation5059 S 175th St, Omaha, NE 68135-3457NE2012-12$448,161
12J K Barker Foundation820 N 132nd Ave, Omaha, NE 68154-5174NE2011-02$324,003
13Hundred Foundation24602 Jones Cir, Waterloo, NE 68069-2049NE2011-06$299,139
14Terpstra Foundation2947 T Street Apt 1, Lincoln, NE 68503-3144NE2007-01$252,275
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17Minnie A Schlitt Private Foundation1239 N Burlington Ave Ste 200, Hastings, NE 68901-3084NE2009-10$213,216
18West Education Foundation11808 Miracle Hills Dr, Omaha, NE 68154-4403NE2006-06$200,061
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Number of organizations performing similar types of work
Alaska25
Alabama219
Arkansas78
Arizona303
California2,586
Colorado408
Connecticut419
District of Columbia111
Delaware583
Florida1,525
Georgia481
Hawaii85
Iowa178
Idaho58
Illinois1,113
Indiana311
Kansas157
Kentucky167
Louisiana161
Massachusetts705
Maryland425
Maine85
Michigan619
Minnesota384
Missouri346
Mississippi70
Montana69
North Carolina788
North Dakota20
Nebraska169
New Hampshire75
New Jersey876
New Mexico92
Nevada215
New York2,617
Ohio698
Oklahoma228
Oregon208
Pennsylvania1,086
Rhode Island184
South Carolina171
South Dakota32
Tennessee266
Texas1,263
Utah274
Virginia477
Vermont54
Washington401
Wisconsin354
West Virginia69
Wyoming63
International44
Total22,395

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