James H & Madalynne Norick Foundation in Oklahoma City, Oklahoma (OK)
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
- Organizations performing similar types of work
| James H & Madalynne Norick Foundation | |
| Employer Identification Number (EIN) | 731544035 |
| Name of Organization | James H & Madalynne Norick Foundation |
| Address | 5400 Nw Grand Blvd, Oklahoma City, OK 73112-5692 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 10/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $329,552 |
| Amount of Income | $177,308 |
| Form 990 Revenue Amount | $48,161 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2012: $177,308 (it was $238,786 in 2011)
| James H & Madalynne Norick Foundation: | $177,308 |
| Other organizations performing similar types of work: | $120,160 |
Assets in 2012: $329,552 (it was $355,234 in 2011)
| James H & Madalynne Norick Foundation: | $329,552 |
| Other organizations performing similar types of work: | $450,518 |
Expenses in 2012: $53,495
| James H & Madalynne Norick Foundation: | $53,495 |
| Other organizations performing similar types of work: | $61,287 |
Income to expenses ratio in 2012: 3.3
| This organization: | 3.3 |
| Other organizations performing similar types of work: | 7.3 |
Grants share in income in 2012: 0.0%
| James H & Madalynne Norick Foundation: | 0.0% |
| Other organizations performing similar types of work: | 8.9% |
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 | $27,813 | $7,476 | $7,959 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $98 | |||
| Dividends and interest from securities | $7,366 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $495 | |||
| Other | $19,854 | |||
| Total expenses and disbursements | $53,495 | $9,981 | $0 | $43,500 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $9,995 | $9,981 | $0 | |
| Contributions, gifts, grants paid | $43,500 | |||
| Excess of revenue over expenses and disbursements | $-25,682 | |||
| Net investment income | $0 | |||
| Adjusted net income | $7,959 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $329,552 | $376,698 |
| Cash - non-interest-bearing | $20,257 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $263,867 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $45,428 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $329,552 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $19,854 |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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? | 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 | $391,369 |
| Net value of noncharitable-use assets | $385,500 |
| Minimum investment return | $19,275 |
| Distributable Amount (for 2012) | |
| Distributable amount | $19,275 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $19,275 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | E L And Thelma Gaylord Foundation | 6305 Waterford Blvd Ste 350, Oklahoma City, OK 73118-1176 | OK | 1995-12 | $13,926,788 |
| 2 | Mary K Chapman Foundation, Dickman J Jerry Ttee | One Warren Pl 6100 S Yale Ave 1816, Tulsa, OK 74136 | OK | 1996-08 | $10,264,457 |
| 3 | Lobeck-Taylor Foundation | 1124 S Lewis Ave, Tulsa, OK 74104-3906 | OK | 1998-06 | $9,428,142 |
| 4 | The Charles And Peggy Stephenson Family Foundation, Stephenson Charles C Jr Ttee | 2225 E 30th St, Tulsa, OK 74114-5427 | OK | 1997-08 | $2,888,960 |
| 5 | Scott Carter Foundation | PO BOX 700448, Tulsa, OK 74170-0448 | OK | 1994-03 | $497,428 |
| 6 | Saied Family Foundation | 3259 S Yale Ave, Tulsa, OK 74135-8009 | OK | 1997-02 | $285,789 |
| 7 | Tom S & Marye Kate Aldridge Charitable & Educational Trust | 3035 Nw 63rd St Ste 207n, Oklahoma City, OK 73116-3606 | OK | 1996-04 | $242,534 |
| 8 | The Jenkin Lloyd Jones And Ana Maria Lloyd Jones Foundation | 2021 S Lewis Ave Ste 700, Tulsa, OK 74104-5732 | OK | 1995-07 | $104,688 |
| 9 | Robert Cummins Family Foundation Inc | 1420 W Chestnut Ave, Enid, OK 73703-4307 | OK | 1997-04 | $86,022 |
| 10 | The Barbara And James M Sturdivant Charitable Trust, Sturdivant James & Barbara Co-Ttees | 100 W 5th St Ste 1000, Tulsa, OK 74103-4293 | OK | 1997-07 | $26,780 |
| 11 | Randall L Sullivan Foundation | 15 W 6th St Ste 2300, Tulsa, OK 74119-5401 | OK | 1997-07 | $22,337 |
| 12 | Woodsfamily Charitable Foundation | 1305 Wood Way, Edmond, OK 73034-2803 | OK | 1998-09 | $16,200 |
| 13 | The Dickman Foundation | 1332 E 27th Pl, Tulsa, OK 74114-4110 | OK | 1997-07 | $28 |
| 14 | Thomas Family Charitable Foundation Inc | 1516 S Boston Ave Ste 1516, Tulsa, OK 74119-4003 | OK | 1997-09 | $1 |
| 15 | William Ben Johnson Foundation | 7420 S Yale Ave, Tulsa, OK 74136-7029 | OK | 1997-01 | $1 |
| 16 | Babbitt Charitable Trust No 6, Salomon Joseph M Ttee | 9 E 4th St Ste 605, Tulsa, OK 74103-5112 | OK | 1997-09 | $0 |
| 17 | Carnegie Elementary School Foundation Inc | 110 W 7th Street Suite 900, Tulsa, OK 74119 | OK | 1991-11 | $0 |
| 18 | Okmulgee Crime Stoppers Inc | PO BOX 127, Okmulgee, OK 74447-0127 | OK | 1998-05 | $0 |
| 19 | Ponca City Rotary Club Foundation Inc | PO BOX 1061, Ponca City, OK 74602-1061 | OK | 1993-05 | $0 |
| 20 | Vance Officers Spouses Club Charity And Scholarship Association | 400 Young Rd Suite 211, Enid, OK 73705 | OK | 1992-12 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 5,225 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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