Frugal Princess in Myrtle Beach, South Carolina (SC)

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Frugal Princess
Employer Identification Number (EIN)270517866
Name of OrganizationFrugal Princess
In Care of NameSharon Clayton
Address8008 Cortona Dr, Myrtle Beach, SC 29572-8002
SubsectionCharitable Organization
Ruling Date10/2009
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$100,000 to $499,999
Income$1 to $9,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$177,499
Amount of Income$1,054
Form 990 Revenue Amount$1,054
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations

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Amount of income in 2011: $1,054 (it was $213,500 in 2010)
This organization: 

Other organizations performing similar types of work: 


Assets in 2011: $177,499 (it was $202,500 in 2010)
Frugal Princess: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$1,054$1,054$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$1,054
Dividends and interest from securities$0
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$26,365$0$0$0
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$0$0$0
Contributions, gifts, grants paid$26,365
Excess of revenue over expenses and disbursements$-25,311
Net investment income$1,054
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$177,499$177,499
Cash - non-interest-bearing$26,445
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Total liabilities$0
Total liabilities and net assets/fund balances$177,499
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$0
Net capital loss$0
Excise Tax Based on Investment Income (for 2011)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$22
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$22
Amount to be credited to 2012 estimated tax$0
Statements Regarding Activities (for 2011)
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 2011 or the taxable year beginning in 2011?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011)
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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011?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 2011)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$195,527
Net value of noncharitable-use assets$192,600
Minimum investment return$9,630
Distributable Amount (for 2011)
Distributable amount$9,608
Undistributed Income (for 2011)
Distributable amount for 2011$9,608
Undistributed income for 2011. This amount must be distributed in 2012$0
Private Operating Foundations (for 2011)
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
1The@james B Near Family Foundation225 Indigo Bay Cir, Mt Pleasant, SC 29464-3973SC2001-05$3,250,829
2Benjamin And Jaime Wall Charitable Fund1109 Main St Ste B, Conway, SC 29526-4015SC2010-03$1,010,809
3Craig And Emily Wall Family Foundation1109 Main St Ste B, Conway, SC 29526-4015SC2011-05$1,010,809
4The Laura E Dupont FoundationPO BOX 8099, Greenville, SC 29604-8099SC1999-04$730,785
5The@o Perry Earle Jr And Louise Jordan Earle Foundation, Earle Jordan F Ttee1405 Coachman Dr, Fountain Inn, SC 29644-4530SC1999-07$656,177
6Smith Family Fund 07-02-002-0188748120 Edisto Ave, Columbia, SC 29205-3012SC2001-05$315,468
7Wr & Eh Floyd Foundation, Floyd Wm Russel Jr TteePO BOX 1150, Drayton, SC 29333-0723SC2003-01$288,983
8Shirley Smith FoundationPO BOX 4284, Anderson, SC 29622-4284SC2001-09$280,259
9Robert S & Vivian Johnsonfoundation, Johnson Foundation189 Mcdowell Ct, Latta, SC 29565-4339SC2008-11$198,017
10Safety Components First Responder 911 Foundation40 Emery St, Greenville, SC 29605-4572SC2003-01$189,849
11Hart Foundation, James M Hart Ttee136 Cove Ct, Irmo, SC 29063-8986SC2011-02$125,339
12Reese & Sis Hart FoundationPO BOX 860, Pawleys Isl, SC 29585-0860SC1999-08$63,086
13Gary Davis Family FoundationPO BOX 339, Awendaw, SC 29429-0339SC2012-03$58,933
14Thomas F Hash Foundation105 Aileen Ln, Clemson, SC 29631-3133SC2008-01$51,792
15I T E C Youth ServicesPo Box 2971, Summerville, SC 29484SC2000-03$40,942
16Oconee Federal Charitable Foundation Inc115 E North 2nd St, Seneca, SC 29678-3201SC2013-06$38,164
17Sea Island Community Endowment Fund IncPo Box 689, Johns Island, SC 29455SC2007-06$36,161
18Lucey Charitable Foundation IncPO BOX 806, Mt Pleasant, SC 29465-0806SC2010-05$35,068
19Medford Family Foundation Inc107 Outrigger, Greenwood, SC 29649-8622SC2010-06$32,031
20Sonny Mevers FoundationPO BOX 21074, Charleston, SC 29413-1074SC2005-07$32,000
Number of organizations performing similar types of work
District of Columbia106
North Carolina519
North Dakota20
New Hampshire72
New Jersey843
New Mexico87
New York2,482
Rhode Island172
South Carolina161
South Dakota27
West Virginia66
Total20,864 is not associated with, endorsed by, or sponsored by Frugal Princess and has no official or unofficial affiliation with Frugal Princess