The Frank M And Gertrude R Doyle Foundation Inc in Reno, Nevada (NV)

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The Frank M And Gertrude R Doyle Foundation Inc
Employer Identification Number (EIN)880372802
Name of OrganizationThe Frank M And Gertrude R Doyle Foundation Inc
Address3495 Lakeside Drive Number 34, Reno, NV 89509-4841
ActivitiesScholarships (other)
SubsectionCharitable Organization
Ruling Date01/1997
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period08/2014
Assets$50,000,000 to greater
Income$5,000,000 to $9,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$65,906,976
Amount of Income$9,429,454
Form 990 Revenue Amount$3,917,348
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards


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Amount of income in 2014: $9,429,454 (it was $11,054,232 in 2013)
This organization: 

 $9,429,454
Other organizations performing similar types of work: 

 $72,336

Assets in 2014: $65,906,976 (it was $62,800,695 in 2013)
This organization: 

 $65,906,976
Other organizations performing similar types of work: 

 $239,394

Expenses in 2013: $5,298,151
This organization: 

 $5,298,151
Other organizations performing similar types of work: 

 $40,888

Income to expenses ratio in 2013: 1.8
This organization: 

 1.8
Other organizations performing similar types of work: 

 1.4

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

 0.0%
Other organizations performing similar types of work: 

 0.1%

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$3,862,986$2,334,056$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$1,589
Dividends and interest from securities$2,818,834
Gross rents$1,029,758
Gross sales price for all assets$7,199,729
Gross profit from sales of goods$0
Other income$4,322
Other$8,483
Total expenses and disbursements$5,298,151$540,325$0$3,703,863
Compensation of officers, directors, trustees, etc.$177,155
Pension plans, employee benefits$0
Legal fees$49,765
Accounting fees$34,579
Interest$0
Depreciation$123,880
Occupancy$158,046
Travel, conferences, and meetings$42,893
Printing and publications$9
Total operating and administrative expenses$832,671$540,325$276,933
Contributions, gifts, grants paid$4,465,480
Excess of revenue over expenses and disbursements$-1,435,165
Net investment income$1,793,731
Adjusted net income$0
Balance Sheets
201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$65,432,836$68,802,721$66,625,857$70,119,193$62,800,695$69,711,491
Cash - non-interest-bearing$0$0$0
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$0$0$0
Investments-corporate bonds$0$0$0
Investments-mortgage loans$0$0$0
Investments-other$174,221$222,395$187,009
Other assets$0
Total liabilities$897,451$902,148$1,063,841
Mortgages and other notes payable$0$0$0
Other liabilities$1,309
Total liabilities and net assets/fund balances$64,535,385$65,723,709$61,736,854
Capital Gains and Losses for Tax on Investment Income
201120122013
Capital gain net income$21,076$0$8,483
Net capital loss$0$-32,268$0
Excise Tax Based on Investment Income
201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$18,670$29,649$35,875
Total credits and payments$14,000$0$35,875
Current year estimated tax payments and previous year's overpayment credited to current year$14,000$0$29,680
Exempt foreign organizations-tax withheld at source$0$0$0
Tax paid with application for extension of time to file (Form 8868)$0$0$6,195
Backup withholding erroneously withheld$0$0$0
Any penalty for underpayment of estimated tax$19$421$17
Tax due$17
Overpayment$0
Amount to be credited to next year's estimated tax$0$0$0
Statements Regarding Activities
201120122013
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?NoNoNo
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?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?No
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?NoNoNo
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
201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNoNo
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
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?NoNoNo
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?NoNoNo
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?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
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))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
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)?NoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
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
201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$67,403,997$69,182,712$71,769,569
Net value of noncharitable-use assets$70,693,025
Minimum investment return$3,319,647$3,407,249$3,534,651
Distributable Amount
201120122013
Distributable amount$3,300,977$3,377,600$3,498,776
Undistributed Income
201120122013
Distributable amount for this year$3,300,977$3,377,600$3,498,776
Undistributed income for this year. This amount must be distributed in the next year$0$0$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$1,038,550
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$1,589$0
Dividends and interest from securities$2,808,545$10,289
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
1Sylvester H Reed Memorial TrustPO BOX 1111, Pflugerville, TX 78691-1111TX1998-01$1,242,927
2Terry Foundation3104 Edloe, Houston, TX 77027-6098TX1997-07$305,792,014
3Louis L Borick Foundation2707 Kipling St, Houston, TX 77098-1214TX1997-07$86,100,330
4Wichita Center For Graduate Medical Education Inc1010 N Kansas St, Wichita, KS 67214-3124KS1990-08$23,498,748
5The Frank M And Gertrude R Doyle Foundation Inc3495 Lakeside Drive Number 34, Reno, NV 89509-4841NV1997-01$9,429,454
6Nicholas And Dorothy Cummings Foundation, Cummings Foundation561 Keystone Ave 305, Reno, NV 89503-4304NV1995-08$217,000
7A Charitable Foundation Corporation2657 Windmill Pkwy Ste 220, Henderson, NV 89074-3384NV1997-12$145,386
8Reno Rotary Foundation4745 Caughlin Pkwy Ste 200, Reno, NV 89519-0972NV1992-09$138,112
9Joshua L Anderson Memorial Scholarship Foundation, Anderson Eric J Ttee1318 Wolf Run Rd, Reno, NV 89511-4772NV1993-03$65,725
10Mary Orcutt Memorial Scholarship Foundation2509 Bohr Rd, Carson City, NV 89706-0438NV1998-02$37,655
11Kiwanis Club Of Las Vegas FoundationPO BOX 400502, Las Vegas, NV 89140-0502NV1997-05$351
12Lin Family Foundation11700 W Charleston Blvd 170-18, Las Vegas, NV 89135-1573NV1997-08$71
13North Star Foundation Inc1027 S Rainbow Blvd Ste 325, Las Vegas, NV 89145-6232NV1996-03$14
14Circle Of Power8343 Drop Camp St, Las Vegas, NV 89123-2612NV1996-01$0
15Louis Jordan Commerorative Scholarship Foundation2851 S Valley View 1132b, Las Vegas, NV 89102-0139NV1994-05$0
16Marilyn-Elaine Kiwanis Scholarship FundPo Box922, Carson City, NV 89702NV1994-07$0
17Matys Bros Music Award Foundation620 Sage St Apt 1, Elko, NV 89801-3277NV1997-09$0
18Reno Elks Lodge Foundation Inc597 Kumle Ln, Reno, NV 89509-5501NV1997-05$0
19S E W Scholarships Education For Women Private Foundation, S E WPO BOX 50392, Henderson, NV 89016-0392NV1996-04$0
20Usnp Inc104 N 21st St, Las Vegas, NV 89101-4502NV1998-08$0
Number of organizations performing similar types of work
Alaska15
Alabama29
Arkansas27
Arizona42
California252
Colorado46
Connecticut69
District of Columbia36
Delaware10
Florida151
Georgia78
Hawaii18
Iowa52
Idaho15
Illinois193
Indiana80
Kansas57
Kentucky48
Louisiana26
Massachusetts102
Maryland74
Maine15
Michigan138
Minnesota61
Missouri93
Mississippi12
Montana14
North Carolina100
North Dakota5
Nebraska30
New Hampshire12
New Jersey147
New Mexico15
Nevada16
New York202
Ohio188
Oklahoma33
Oregon38
Pennsylvania160
Rhode Island22
South Carolina36
South Dakota7
Tennessee42
Texas251
Utah11
Virginia136
Vermont9
Washington68
Wisconsin96
West Virginia21
Wyoming9
International5
Total3,412

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