Ramsey Family Foundation Trust in Brentwood, Tennessee (TN)

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Ramsey Family Foundation Trust
Employer Identification Number (EIN)274314234
Name of OrganizationRamsey Family Foundation Trust
In Care of NameDenise Whittemore
Address1749 Mallory Lane, Brentwood, TN 37027-2931
SubsectionCharitable Organization
Ruling Date03/2012
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1,000,000 to $4,999,999
Income$500,000 to $999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$2,050,328
Amount of Income$513,359
Form 990 Revenue Amount$511,141
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Corporate Foundations


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Amount of income in 2013: $513,359 (it was $509,885 in 2012)
This organization: 

 $513,359
Other organizations performing similar types of work: 

 $107,502

Assets in 2013: $2,050,328 (it was $2,085,209 in 2012)
Ramsey Family Foundation Trust: 

 $2,050,328
Other organizations performing similar types of work: 

 $322,766

Expenses in 2013: $548,240
This organization: 

 $548,240
Other organizations performing similar types of work: 

 $58,249

Income to expenses ratio in 2013: 0.9
This organization: 

 0.9
Other organizations performing similar types of work: 

 2.0

Grants share in income in 2013: 97.9%
This organization: 

 97.9%
Other organizations performing similar types of work: 

 98.7%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$513,359$11,000$0
Contributions, gifts, grants, etc., received$502,359
Interest on savings and temporary cash investments$11,000
Dividends and interest from securities$0
Gross rents$0
Gross sales price for all assets$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$548,240$0$0$548,192
Compensation of officers, directors, trustees, etc.$77,997
Pension plans, employee benefits$0
Legal fees$8,423
Accounting fees$746
Interest$0
Depreciation$48
Occupancy$0
Travel, conferences, and meetings$260
Printing and publications$1,084
Total operating and administrative expenses$99,825$0$99,777
Contributions, gifts, grants paid$448,415
Excess of revenue over expenses and disbursements$-34,881
Net investment income$11,000
Adjusted net income$0
Balance Sheets
201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$2,110,511$2,110,511$2,085,209$208,529$2,050,328$2,050,328
Cash - non-interest-bearing$2,110,511$2,085,209$10,611
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$0$0$0
Investments-corporate bonds$0$0$0
Investments-mortgage loans$0$0$0
Investments-other$0$0$0
Other assets$0$0
Total liabilities$1$1$1
Mortgages and other notes payable$0$0$0
Other liabilities$0$0
Total liabilities and net assets/fund balances$2,110,511$2,085,209$2,050,328
Capital Gains and Losses for Tax on Investment Income
201120122013
Capital gain net income$0$0$0
Net capital loss$0$0$0
Excise Tax Based on Investment Income
201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$51$175$220
Total credits and payments$0$0$0
Any penalty for underpayment of estimated tax$0$0$0
Tax due$175$220
Overpayment$0$0
Amount to be credited to next year's estimated tax$0$0$0
Statements Regarding Activities
201120122013
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?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?NoNoNo
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoYesYes
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNoNo
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
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)?NoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$1,871,038$1,801,003$1,708,866
Net value of noncharitable-use assets$1,773,988$1,683,233
Minimum investment return$92,149$88,699$84,162
Distributable Amount
201120122013
Distributable amount$92,098$88,524$83,942
Undistributed Income
201120122013
Distributable amount for this year$92,098$88,524$83,942
Undistributed income for this year. This amount must be distributed in the next year$0$0$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
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
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$11,000$0
Dividends and interest from securities$0$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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IdNameAddressStateEstablishedTotal Income
1Tennessee Health Foundation Inc1 Cameron Hill Circle, Chattanooga, TN 37402-9815TN2003-12$28,237,369
2Regal Foundation7132 Regal Ln, Knoxville, TN 37918-5803TN2005-03$5,809,097
3The Emmy Lou Tompkins Foundation2020 Willowmet Ln, Brentwood, TN 37027-8949TN1999-02$1,223,863
4Vitalogy FoundationPO BOX 340020, Nashville, TN 37203-0020TN2006-11$1,102,736
5Footwear Industry Charitable Trust2900 Lebanon Pike Ste 210, Nashville, TN 37214-2555TN2008-02$1,041,364
6Pedigree Foundation315 Cool Springs Blvd, Franklin, TN 37067-1632TN2007-10$962,871
7Joey And Deborah Jacobs Family Foundation, Joey A Jacobs TteePO BOX 1869, Brentwood, TN 37024-1869TN2010-12$675,139
8Blum Family Foundation909 Bowring Park, Nashville, TN 37215-2456TN2002-02$628,086
9Ramsey Family Foundation Trust1749 Mallory Lane, Brentwood, TN 37027-2931TN2012-03$513,359
10Schatz Family Foundation4412 Alcott Dr, Nashville, TN 37215-4028TN2012-03$332,441
11Gary Douglas Sasser & Colleen Gill Mcpherson Charitable Foundation TrPO BOX 3166, Cookeville, TN 38502-3166TN2012-09$315,850
12Wtc Foundation425 Jackson Blvd, Nashville, TN 37205-3425TN2006-10$227,928
13Victoria Owen Klein Family Foundation, Bryan Fred D TteePO BOX 1728, Brentwood, TN 37024-1728TN2001-03$211,477
14Lazzara Family Foundation Inc404 Tivoli Trl, Springfield, TN 37172-4726TN2000-05$50,000
15Cornerstone Bancshares Foundationinc6401 Lee Highway Suite 119, Chattanooga, TN 37421-2406TN2009-04$18,550
16Perceptics Foundation9737 Cogdill Rd Ste 200n, Knoxville, TN 37932-3300TN2009-12$2
17Tomlinson Fam Charitable Foundation, Tomlinson Charles E Co Ttee103 Druid Hills Dr C/O Vanessa T, Dickson, TN 37055-3330TN1999-08$1
18Emory Valley Center Foundation715 Emory Valley Road, Oak Ridge, TN 37830TN1996-02$0
19Faith In Action2013 25th Avenue North, Nashville, TN 37208TN2010-04$0
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Number of organizations performing similar types of work
Alaska6
Alabama22
Arkansas13
Arizona41
California323
Colorado62
Connecticut59
District of Columbia21
Delaware45
Florida200
Georgia87
Hawaii13
Iowa26
Idaho13
Illinois148
Indiana53
Kansas20
Kentucky21
Louisiana20
Massachusetts108
Maryland62
Maine6
Michigan78
Minnesota56
Missouri38
Mississippi11
Montana12
North Carolina85
North Dakota3
Nebraska23
New Hampshire10
New Jersey139
New Mexico14
Nevada24
New York359
Ohio99
Oklahoma35
Oregon40
Pennsylvania119
Rhode Island21
South Carolina19
South Dakota6
Tennessee28
Texas190
Utah31
Virginia60
Vermont8
Washington67
Wisconsin52
West Virginia2
Wyoming10
International5
Total3,013

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