The Faile Foundation Inc in Seneca, South Carolina (SC)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Other organizations in South Carolina
| The Faile Foundation Inc | |
| Employer Identification Number (EIN) | 061379812 |
| Name of Organization | The Faile Foundation Inc |
| In Care of Name | John B Faile Etal Ttee |
| Address | 133 Lindos Dr, Seneca, SC 29672-6748 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 04/1994 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $2,574,512 |
| Amount of Income | $512,476 |
| Form 990 Revenue Amount | $47,570 |
Non-representatives - add comments:
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $116,706 | $116,706 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $11,810 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $86,887 | |||
| Other | $18,009 | |||
| Total expenses and disbursements | $169,477 | $29,000 | $0 | $140,289 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $38,477 | $29,000 | $9,289 | |
| Contributions, gifts, grants paid | $131,000 | |||
| Excess of revenue over expenses and disbursements | $-52,771 | |||
| Net investment income | $87,706 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,345,459 | $2,650,389 |
| Cash - non-interest-bearing | $41,838 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $2,303,621 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $2,345,459 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $18,009 |
| 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 | $1,754 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $7 |
| Tax due | $1,761 |
| Overpayment | $0 |
| 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? | Yes |
| 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 | $2,696,687 |
| Net value of noncharitable-use assets | $2,656,240 |
| Minimum investment return | $132,812 |
| Distributable Amount (for 2012) | |
| Distributable amount | $131,058 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $131,058 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| 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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| Other organizations in South Carolina | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Carolina Orthopaedic Research Foundation Inc | PO BOX 27114, Greenville, SC 29616 | SC | 1996-09 | $1,001 |
| 2 | Columbia Jaycees Charities Foundation Inc | Po Box 8142, Columbia, SC 29202 | SC | 2014-08 | $13,324 |
| 3 | Community Health Assistance Team | Po Box 2538, Columbia, SC 29202 | SC | 2007-06 | $0 |
| 4 | Cornerstone Assembly Of Faith Church | 61 Lewis Street, Lynchburg, SC 29080 | SC | 2004-12 | $0 |
| 5 | Counseling Solutions Group, Counseling Solutions Thomas Lucia | 120 Goodridge Court, Greer, SC 29651 | SC | 2009-06 | $155,073 |
| 6 | Cullens Archangel Rescue, Care | Po Box 969, Swansea, SC 29160 | SC | 2007-07 | $38,782 |
| 7 | Diamond In The Ruff Rescue And Reha, Diamond In The Ruff | 20 Jantzen Ct, Seneca, SC 29672 | SC | 2009-02 | $42,286 |
| 8 | Disabled American Veterans | 900 Auburn School Rd, Darlington, SC 29540 | SC | 1942-06 | $0 |
| 9 | Family And Adolescent Counseling And Education Services | 201 East Road, Anderson, SC 29621 | SC | 2006-05 | $6,544 |
| 10 | Five Oaks Academy Pto Inc | 1101 Jonesville Road, Simpsonville, SC 29681 | SC | 2007-08 | $145,645 |
| 11 | The Faile Foundation Inc | 133 Lindos Dr, Seneca, SC 29672-6748 | SC | 1994-04 | $512,476 |
| 12 | Friends Of The Florence Stockade | 307 Kings Place, Hartsville, SC 29550 | SC | 1997-07 | $570 |
| 13 | Gamma Phi Beta Sorority Inc | Po Box 261954, Conway, SC 29526 | SC | 1959-02 | $0 |
| 14 | General Federation Of Womens Clubs Of South Carolina, The Junior Woman's Club Of Columbia | P O Box 476, Columbia, SC 29202 | SC | 1962-03 | $53,643 |
| 15 | Girls On The Run Of Columbia | 1013 Broad River Road Suite 177, Columbia, SC 29210 | SC | 2008-03 | $186,802 |
| 16 | Givebac Inc, Ace Camp Givebac Ace Camp | 1477 Ted Melton Road Po Box 347, Chesterfield, SC 29709 | SC | 1994-09 | $91,431 |
| 17 | Habele Outer Island Education Fund | 701 Gervais Street Suite 150-244, Columbia, SC 29201 | SC | 2006-09 | $16,880 |
| 18 | Hearts Refuge Mission Inc | PO BOX 625, Landrum, SC 29356-0625 | SC | 1964-04 | $6,782 |
| 19 | Howards Barber & Styling Foundation | 1411 Red Bank Road, Goose Creek, SC 29445 | SC | 2008-05 | $0 |
| 20 | International Association Of Lions Clubs, Cayce West Columbia Lions Club | Post Office Box 2388, West Columbia, SC 29171 | SC | 1940-12 | $17,259 |
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