David Foundation in Brentwood, Tennessee (TN)
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
| David Foundation | |
| Employer Identification Number (EIN) | 621585839 |
| Name of Organization | David Foundation |
| In Care of Name | Stuart S Southard |
| Address | 605 Granny White Pike, Brentwood, TN 37027-5732 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 02/1995 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,591 |
| Amount of Income | $30,000 |
| Form 990 Revenue Amount | $95,002 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2012: $30,000 (it was $95,002 in 2011)
| David Foundation: | $30,000 |
| Other organizations performing similar types of work: | $120,021 |
Assets in 2012: $1,591 (it was $2,041 in 2011)
| David Foundation: | $1,591 |
| Other organizations performing similar types of work: | $470,342 |
Expenses in 2012: $30,450
| David Foundation: | $30,450 |
| Other organizations performing similar types of work: | $61,754 |
Income to expenses ratio in 2012: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 2.0 |
Grants share in income in 2012: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 0.0% |
Expenses 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 | $30,000 | $2 | $0 | |
| Contributions, gifts, grants, etc., received | $30,000 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $30,450 | $0 | $0 | $30,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $450 | $0 | $0 | |
| Contributions, gifts, grants paid | $30,000 | |||
| Excess of revenue over expenses and disbursements | $-450 | |||
| Net investment income | $2 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,591 | $0 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $1,591 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,591 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| 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 | Plough Foundation | 62 N Main St Ste 201, Memphis, TN 38103-2198 | TN | 1973-10 | $47,109,318 |
| 2 | Poplar Foundation | 6410 Poplar Ave Ste 900, Memphis, TN 38119-4841 | TN | 1995-03 | $26,409,748 |
| 3 | Richard J Reynolds Iii And Marie Mallouk Reynolds Foundation | 800 S Gay St, Knoxville, TN 37929-9729 | TN | 1996-01 | $13,078,366 |
| 4 | Tucker Foundation | 100 W Mlk Blvd Ste 600, Chattanooga, TN 37402-2542 | TN | 1996-05 | $5,166,963 |
| 5 | R Brad Martin Family Foundation | 1025 Cherry Rd, Memphis, TN 38117-5423 | TN | 1995-03 | $3,917,043 |
| 6 | The@sampson Foundation Inc | 200 Miller Main Cir, Knoxville, TN 37919-6017 | TN | 1996-12 | $1,935,637 |
| 7 | T & T Family Foundation, Thornton Currey & Lester Turner Jr | PO BOX 101444, Nashville, TN 37224-1444 | TN | 1997-07 | $777,898 |
| 8 | Rich Foundation, Gordon Patti R Ttee | 2120 Crestmoor Rd Ste 3020, Nashville, TN 37215-2657 | TN | 1995-08 | $727,889 |
| 9 | William B Greene Jr Foundation | 601 Elk Ave, Elizabethton, TN 37643-3329 | TN | 1997-11 | $712,711 |
| 10 | Redbird Foundation | 4624 Chambliss Ave, Knoxville, TN 37919-5118 | TN | 1995-02 | $630,853 |
| 11 | Sophie Mary Ann Muller Trust Uw As Amended By Decree Chanlery Court | 151 Major Reynolds Pl, Knoxville, TN 37919-4853 | TN | 1998-06 | $215,154 |
| 12 | Sheffield Foundation | PO BOX 58128, Nashville, TN 37205-8128 | TN | 1995-12 | $87,001 |
| 13 | Robert H Yoe Iii Charitable Trust, Yoe Robert H Ttee | 7823 Stonehenge Dr, Chattanooga, TN 37421-1113 | TN | 1995-01 | $75,727 |
| 14 | Wood Family Foundation Inc | 1600 Riverview Tower 900 S Gay St, Knoxville, TN 37902 | TN | 1995-05 | $30,910 |
| 15 | Sam S & Rose L Margolin Chartiable Tr, Margolin Sam S Ttee | 6060 Poplar Ave Ste 140, Memphis, TN 38119-0904 | TN | 1996-01 | $15,876 |
| 16 | Van Hook Family Foundation | 5213 Heathrow Hills Dr, Brentwood, TN 37027-6548 | TN | 1995-04 | $445 |
| 17 | Smith Foundation Charitable Trust, Smith Marshall W Ttee | 1329 Candlewick Rd, Knoxville, TN 37932-3602 | TN | 1995-08 | $302 |
| 18 | Wj Foundation | 2020 Fieldstone Pkwy Ste 900-212, Franklin, TN 37069-4337 | TN | 1998-01 | $41 |
| 19 | Sherrill Foundation | 713 Vail Ct, Nashville, TN 37215-1849 | TN | 1995-06 | $1 |
| 20 | Trotter Education Foundation | PO BOX 1207, Franklin, TN 37065-1207 | TN | 1983-04 | $1 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,744 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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