Stevan & Cynthia Pearce Charitable Foundation in Hobbs, New Mexico (NM)

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Stevan & Cynthia Pearce Charitable Foundation
Employer Identification Number (EIN)010576324
Name of OrganizationStevan & Cynthia Pearce Charitable Foundation
In Care of NameStevan Pearce
AddressPO BOX 1830, Hobbs, NM 88241-1830
SubsectionEducational Organization
Ruling Date05/2003
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2014
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$1,368,025
Amount of Income$2,748,047
Form 990 Revenue Amount$148,436
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Public Foundations

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Amount of income in 2014: $2,748,047 (it was $3,008,322 in 2013)
Stevan & Cynthia Pearce Charitable Foundation: 

Other organizations performing similar types of work: 


Assets in 2014: $1,368,025 (it was $1,322,625 in 2013)
This organization: 

Other organizations performing similar types of work: 


Expenses in 2012: $62,321
Stevan & Cynthia Pearce Charitable Foundation: 

Other organizations performing similar types of work: 


Income to expenses ratio in 2012: 44.1
Stevan & Cynthia Pearce Charitable Foundation: 

Other organizations performing similar types of work: 


Grants share in income in 2012: 42.9%
Stevan & Cynthia Pearce Charitable Foundation: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Assets for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$111,867$48,574$48,574
Contributions, gifts, grants, etc., received$48,000
Interest on savings and temporary cash investments$12,077
Dividends and interest from securities$36,497
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$62,321$6,947$0$53,950
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$8,371$6,947$0
Contributions, gifts, grants paid$53,950
Excess of revenue over expenses and disbursements$49,546
Net investment income$41,627
Adjusted net income$48,574
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$1,334,228$1,517,305
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Total liabilities$1
Mortgages and other notes payable$0
Total liabilities and net assets/fund balances$1,334,228
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$15,293
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$833
Total credits and payments$662
2012 estimated tax payments and 2011 overpayment credited to 2012$662
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$1
Tax due$172
Amount to be credited to 2013 estimated tax$0
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$1,437,668
Net value of noncharitable-use assets$1,416,100
Minimum investment return$70,805
Distributable Amount (for 2012)
Distributable amount$69,972
Undistributed Income (for 2012)
Distributable amount for 2012$69,972
Undistributed income for 2012. This amount must be distributed in 2013$7,955
Private Operating Foundations (for 2012)
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
1Roswell Park Alliance FoundationElm And Carlton St, Buffalo, NY 14263-0001NY1996-08$28,110,672
2Science Foundation Arizona400 E Van Buren St Ste 220, Phoenix, AZ 85004-2223AZ2006-11$7,919,015
3St Andrews Charitable Foundation6633 Delmar Blvd, St Louis, MO 63130-4505MO2008-01$1,344,641
4Tma Support Corporation2427 M L K Jr Ave Se, Washington, DC 20020-5815DC2006-10$709,645
5Rotary Club Of Coralsprings-Parkland Foundation Inc11873 Nw 2nd Ct, Coral Springs, FL 33071-8017FL2007-03$57,467
6Stevan & Cynthia Pearce Charitable FoundationPO BOX 1830, Hobbs, NM 88241-1830NM2003-05$2,748,047
7San Juan United WayPO BOX 323, Farmington, NM 87499-0323NM1962-12$1,978,887
8New Mexico Forum For Youth In Community924 Park Ave Sw Ste E, Albuquerque, NM 87102-3023NM2009-01$1,429,696
9Roswell Sertoma Club IncPO BOX 202, Roswell, NM 88202-0202NM2009-06$1,091,094
10Sertoma Inc, 10669 Las Cruces Sertoma ClubPO BOX 1208, Las Cruces, NM 88004-1208NM1964-01$237,413
11San Juan Open Foundation5775 Country Club Dr, Farmington, NM 87402-5085NM2006-06$212,033
12William H Darden And Kathryn T Darden Foundation IncPO BOX 399, Raton, NM 87740-0399NM2013-01$162,030
13Rotary South Valley Charities6804 4th St Nw Pmb 146, Los Ranchos, NM 87107-6117NM2004-08$129,503
14Alamogordo Twice Blest Community Public Charity, Twice Blest2920 N White Sands Blvd, Alamogordo, NM 88310-6138NM2013-01$94,698
15Global Running Culture Inc, Global Running Culture200 W Marcy Street, Santa Fe, NM 87501-2096NM2011-05$84,602
16Samjivani Foundation, Medical Relief For India5800 Eurbank Blvd Ne 1705, Albuquerque, NM 87111NM2007-08$19,153
17Sertoma Inc, Space City Sertoma BingoPobox 1319, Alamogordo, NM 88311-1319NM1964-01$10,317
18Santa Fe Centro Rotary FoundationPo Box 1811, Santa Fe, NM 87504-1811NM2007-02$5,357
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20Diana And Chester French Stewart Family FoundationPO BOX 94, Albuquerque, NM 87103-0094NM2013-09$1
Number of organizations performing similar types of work
District of Columbia96
North Carolina382
North Dakota40
New Hampshire76
New Jersey563
New Mexico62
New York1,186
Rhode Island56
South Carolina163
South Dakota36
West Virginia59
Total13,855 is not associated with, endorsed by, or sponsored by Stevan & Cynthia Pearce Charitable Foundation and has no official or unofficial affiliation with Stevan & Cynthia Pearce Charitable Foundation