New Covenant Development Corporation in Memphis, 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
| New Covenant Development Corporation | |
| Employer Identification Number (EIN) | 010727947 |
| Name of Organization | New Covenant Development Corporation |
| In Care of Name | Arnett G Montague Sr |
| Address | 501 Shofner Ave, Memphis, TN 38109-5517 |
| Subsection | Educational Organization, Charitable Organization |
| Ruling Date | 02/2012 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $46,550 |
| Amount of Income | $13,890 |
| Form 990 Revenue Amount | $88,300 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Personal Social Services |
Non-representatives - add comments:
Amount of income in 2013: $13,890 (it was $1 in 2012)
| This organization: | $13,890 |
| Other organizations performing similar types of work: | $67,142 |
Assets in 2013: $46,550 (it was $1 in 2012)
| This organization: | $46,550 |
| Other organizations performing similar types of work: | $21,673 |
Expenses in 2012: $0
| New Covenant Development Corporation: | $0 |
| Other organizations performing similar types of work: | $59,628 |
Grants share in income in 2012: 0.0%
| New Covenant Development Corporation: | 0.0% |
| Other organizations performing similar types of work: | 86.5% |
| 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 | $1 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| 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 | |||
| Other | $1 | |||
| Total expenses and disbursements | $0 | $0 | $0 | $0 |
| Excess of revenue over expenses and disbursements | $0 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1 | $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 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $1 | |
| 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? | Yes |
| 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 | Tennessee Valley Coalition To End Homelessness | Ridgeview Psychiatric Hospital 240 W Tyrone Road, Oak Ridge, TN 37830 | TN | 2008-11 | $594,517 |
| 2 | Center For Mindful Living, Janet Lisa Harrison Mbr | 1212 Mccallie Ave, Chattanooga, TN 37404-2824 | TN | 2013-09 | $124,193 |
| 3 | Stepping Out Inc | PO BOX 3405, Morristown, TN 37815-3405 | TN | 2000-04 | $104,723 |
| 4 | For A Day Foundation | 1031 Russell Farms Rd, Collierville, TN 38017-5801 | TN | 2002-08 | $84,412 |
| 5 | Women Getting Real | 1424 Whitower Dr, Knoxville, TN 37919-8841 | TN | 2011-08 | $27,627 |
| 6 | Visions From The Valley Inc | PO BOX 850, Louisville, TN 37777-0850 | TN | 2001-09 | $21,267 |
| 7 | Bks Iyengar Yoga Association Of The Southeast United States | 1535 W Northfield Blvd Suite 8, Murfreesboro, TN 37129 | TN | 2012-03 | $14,429 |
| 8 | New Covenant Development Corporation | 501 Shofner Ave, Memphis, TN 38109-5517 | TN | 2012-02 | $13,890 |
| 9 | Larkins Foundation | 18 Lochmeade Dr, Atoka, TN 38004 | TN | 2012-05 | $7,627 |
| 10 | Strong Division | 5884 Ashridge Place, Memphis, TN 38141 | TN | 2011-08 | $1,570 |
| 11 | 3j2 Ministries | 1246 Darlow St, Memphis, TN 38122-1636 | TN | 2006-06 | $0 |
| 12 | Alternative Outreach Program | 22 Public Square Suite 8, Columbia, TN 38401 | TN | 1998-07 | $0 |
| 13 | Best Friend Rescue House | Po Box 23, Gallatin, TN 37066 | TN | 2012-02 | $0 |
| 14 | Bridge Builders Inc | 920 Hwy 421 North, Mountain City, TN 37683 | TN | 2012-12 | $0 |
| 15 | Cancer Care Fund Inc | Po Box 1396, Cookeville, TN 38503 | TN | 1997-04 | $0 |
| 16 | Caregivers Refresh Center Corporation, Refresh | 3643 Buffalo Rd, Memphis, TN 38109-3685 | TN | 2015-03 | $0 |
| 17 | Carla Edwards Ministries | 3605 Merryville St, Memphis, TN 38128-3742 | TN | 2009-09 | $0 |
| 18 | Chattanooga Down Syndrome Society | Po Box 4891, Chattanooga, TN 37405 | TN | 2006-10 | $0 |
| 19 | Community Wellness Institute Inc | 2024 Milbrey St, Cordova, TN 38016 | TN | 2002-03 | $0 |
| 20 | Copper Basin Crisis Center | PO BOX 24, Ducktown, TN 37326-0024 | TN | 2013-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,403 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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