Barbara M Rieg Memorial Trust Foundation in Reno, Nevada (NV)

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Barbara M Rieg Memorial Trust Foundation
Employer Identification Number (EIN)263488901
Name of OrganizationBarbara M Rieg Memorial Trust Foundation
Address241 Ridge St Ste 100, Reno, NV 89501-2055
SubsectionCharitable Organization
Ruling Date09/2010
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period12/2014
Assets$500,000 to $999,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$625,329
Amount of Income$216,742
Form 990 Revenue Amount$52,010
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Fund Raising and/or Fund Distribution


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Amount of income in 2014: $216,742 (it was $52,010 in 2013)
This organization: 

 $216,742
Other organizations performing similar types of work: 

 $72,190

Assets in 2014: $625,329 (it was $623,548 in 2013)
Barbara M Rieg Memorial Trust Foundation: 

 $625,329
Other organizations performing similar types of work: 

 $42,723

Expenses in 2013: $47,876
This organization: 

 $47,876
Other organizations performing similar types of work: 

 $42,209

Income to expenses ratio in 2013: 4.5
This organization: 

 4.5
Other organizations performing similar types of work: 

 0.4

Grants share in income in 2013: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 4.7%

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$52,010$23,943$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$21,020
Gross rents$0
Gross sales price for all assets$264,068
Gross profit from sales of goods$0
Other income$0
Other$30,990
Total expenses and disbursements$47,876$6,051$0$36,052
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$0
Legal fees$0
Accounting fees$900
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$11,824$6,051$0
Contributions, gifts, grants paid$36,052
Excess of revenue over expenses and disbursements$4,134
Net investment income$17,892
Adjusted net income$0
Balance Sheets
2013
Book ValueFair Market Value
Total assets$623,548$743,830
Cash - non-interest-bearing$26,585
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$596,963
Other assets$0
Total liabilities$1
Mortgages and other notes payable$0
Other liabilities$0
Total liabilities and net assets/fund balances$623,548
Capital Gains and Losses for Tax on Investment Income
2013
Capital gain net income$30,990
Net capital loss$0
Excise Tax Based on Investment Income
2013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$358
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$358
Overpayment$0
Amount to be credited to next year's estimated tax$0
Statements Regarding Activities
2013
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
Has the foundation engaged in any activities that have not previously been reported to the IRS?No
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?No
Has the foundation filed a tax return on Form 990-T for this year?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?Yes
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?No
Did any persons become substantial contributors during the tax year?No
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?No
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?Yes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041No
Statements Regarding Activities for Which Form 4720 May Be Required
2013
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
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?No
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?No
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?No
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?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 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?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
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?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
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?No
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?No
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?No
Minimum Investment Return
2013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$717,042
Net value of noncharitable-use assets$706,286
Minimum investment return$35,314
Distributable Amount
2013
Distributable amount$34,956
Undistributed Income
2013
Distributable amount for this year$34,956
Undistributed income for this year. This amount must be distributed in the next year$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$0
Dividends and interest from securities$21,020$0
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
1Rotary International, South Hill Rotary ClubPO BOX 922, South Hill, VA 23970-0922VA2008-06$70,044
2Venetian Foundation3355 Las Vegas Blvd S, Las Vegas, NV 89109-8941NV2002-08$312,525
3Senoras Of Excellence Senores Of Distinction1709 Shadow Mountain Pl, Las Vegas, NV 89108-2482NV2010-11$223,576
4Barbara M Rieg Memorial Trust Foundation241 Ridge St Ste 100, Reno, NV 89501-2055NV2010-09$216,742
5Susanne & Gloria Young Foundation510 W Plumb Ln Ste B, Reno, NV 89509-3693NV2009-05$124,109
6Marie And Rich Little Foundation9030 W Sahara Ave- Ste 445, Las Vegas, NV 89117NV2012-01$122,079
7Td4t Inc9500 Hillwood Dr Ste 112, Las Vegas, NV 89134-0525NV2013-05$85,711
8Las Vegas Police Protective Assoc Metro Charities9330 W Lake Mead Blvd Ste 200, Las Vegas, NV 89134-8345NV2009-03$84,363
9Asian American Coalition Of Nevada Inc3667 Dutch Valley Dr, Las Vegas, NV 89147-6807NV2015-02$31,000
10Ilocano-American Association Of Nevada IncPO BOX 61564, Las Vegas, NV 89160-1564NV2014-07$27,560
11Columbus Hall Of Immaculate Heart Of Mary Inc1343 Centerville Ln, Gardnerville, NV 89410-9746NV2010-05$10,160
12Legislative Counsel Bureau Employees Charity Fund401 South Carson Street, Carson City, NV 89701-4747NV2002-08$6,913
13When Charity Works Inc79 Laying Up Ct, Las Vegas, NV 89148-5257NV2013-09$250
14Running For A Reason10409 Pacific Palisades Ave, Las Vegas, NV 89144-1221NV2009-03$44
15Lynne Ruffin Family Foundation500 Shetland Rd, Las Vegas, NV 89107-4642NV2002-03$1
16African Union Of Northern Nevada CharitiesP O Box 338, Sparks, NV 89432NV2011-08$0
17Bac Local 13 Charities3900 Quail Avenue, Las Vegas, NV 89118-3003NV2011-03$0
18Caroline Graham-Lamberts Loving Life Foundation1760 Belcastro Street, Las Vegas, NV 89117NV2014-08$0
19Community Donate Inc2360 Corporate Circle Suite 400, Henderson, NV 89074-7739NV2008-02$0
20Critical Mass Of The Community FoundationPO BOX 752586, Las Vegas, NV 89136-2586NV2015-02$0
Number of organizations performing similar types of work
Alaska6
Alabama40
Arkansas22
Arizona64
California413
Colorado82
Connecticut60
District of Columbia24
Delaware23
Florida243
Georgia99
Hawaii14
Iowa31
Idaho14
Illinois135
Indiana57
Kansas27
Kentucky41
Louisiana31
Massachusetts116
Maryland90
Maine12
Michigan90
Minnesota68
Missouri61
Mississippi13
Montana14
North Carolina108
North Dakota7
Nebraska16
New Hampshire17
New Jersey148
New Mexico10
Nevada35
New York266
Ohio131
Oklahoma35
Oregon47
Pennsylvania143
Rhode Island26
South Carolina46
South Dakota11
Tennessee50
Texas243
Utah31
Virginia114
Vermont7
Washington72
Wisconsin58
West Virginia18
Wyoming8
International7
Total3,544

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