The Hassell Charitable Foundation in Clifton, 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
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Other organizations in Tennessee
| The Hassell Charitable Foundation | |
| Employer Identification Number (EIN) | 581485616 |
| Name of Organization | The Hassell Charitable Foundation |
| In Care of Name | Mr Autry Gobbell |
| Address | PO BOX B, Clifton, TN 38425-0501 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 11/1982 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $500,000 to $999,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $642,297 |
| Amount of Income | $164 |
| Form 990 Revenue Amount | $1,742 |
Non-representatives - add comments:
Revenue 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 | $164 | $29 | $0 | |
| Contributions, gifts, grants, etc., received | $135 | |||
| Interest on savings and temporary cash investments | $29 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $23,877 | $0 | $0 | $23,877 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $23,877 | $0 | $23,877 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-23,713 | |||
| Net investment income | $29 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $642,297 | $642,297 |
| 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 | $642,297 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $642,297 | |
| 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 | $1 |
| Total credits and payments | $17 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $17 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $16 |
| 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 | $656,848 |
| Net value of noncharitable-use assets | $647,000 |
| Minimum investment return | $32,350 |
| Distributable Amount (for 2012) | |
| Distributable amount | $32,349 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $32,349 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $32,349 |
| 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 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $53,511 | $0 | $5,351 |
| Gross receipts or sales less returns and allowances | $18,256 | $0 | $0 |
| Cost of goods sold | $16,198 | $0 | $0 |
| Gross profit | $2,058 | $0 | $2,058 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $-3 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $0 | $0 | $0 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $32,931 | $0 | $3,293 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $32,018 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $24,184 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $6,446 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $1,388 |
| Unrelated business taxable income | $26,667 |
| Unrelated business taxable income before net operating loss deduction | $26,667 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $26,667 |
| Specific deduction | $1,000 |
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| Other organizations in Tennessee | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Tennessee Lions Charities Inc | 505 Fesslers Lane, Nashville, TN 37210-2869 | TN | 1995-11 | $327,429 |
| 2 | Tennessee Meiji Gakuin School | 606 S Main St Ste C, Sweetwater, TN 37874-2731 | TN | 1990-02 | $19,211,456 |
| 3 | Tennessee Performing Arts Center Management Corporation | 505 Deaderick Street 3rd Floor, Nashville, TN 37243-1402 | TN | 1978-07 | $20,992,462 |
| 4 | Nashville Repertory Theatre Inc | 161 Rains Ave, Nashville, TN 37203-5330 | TN | 2000-03 | $1,371,335 |
| 5 | Tennessee Temple University Endow- Ment Fund Inc | 1815 Union Ave, Chattanooga, TN 37404-3530 | TN | 2000-12 | $637,057 |
| 6 | Tennessee Valley Railroad Museum Inc | 4119 Cromwell Rd, Chattanooga, TN 37421-2119 | TN | 1963-02 | $3,948,018 |
| 7 | The Conover Foundation Inc | 122 Paixham Pl, Mount Juliet, TN 37122-1205 | TN | 1999-04 | $646,412 |
| 8 | The Fellowship Of United Methodists In Music And Worship Arts | PO BOX 24787, Nashville, TN 37202-4787 | TN | 1997-12 | $377,204 |
| 9 | The Frist Foundation | 3100 West End Ave Ste 1200, Nashville, TN 37203-1348 | TN | 1983-03 | $80,095,767 |
| 10 | The Haslam 3 Foundation Inc | PO BOX 10573, Knoxville, TN 37939-0573 | TN | 2001-11 | $4,001,077 |
| 11 | The Hassell Charitable Foundation | PO BOX B, Clifton, TN 38425-0501 | TN | 1982-11 | $164 |
| 12 | The Hca Foundation | PO BOX 570, Nashville, TN 37202-0570 | TN | 2002-07 | $36,315,237 |
| 13 | The Judith E And Joseph C Cook Jr Foundation Inc, The Charis Foundation | 3835 Cleghorn Ave, Nashville, TN 37215-2507 | TN | 1997-04 | $895,099 |
| 14 | The Kemmons Wilson Family Foundation | 1027 Cherry Road, Memphis, TN 38117 | TN | 1961-12 | $1,581,108 |
| 15 | The Pattee Foundation Inc | 605 Chestnut St Ste 1100, Chattanooga, TN 37450-0017 | TN | 1989-08 | $81,692 |
| 16 | The William B Stokely Jr Foundation | 620 Campbell Station Rd Ste 27, Knoxille, TN 37934-1624 | TN | 1987-04 | $1,279,130 |
| 17 | Theatre Memphis | 630 Perkins Extended, Memphis, TN 38117 | TN | 1972-03 | $1,635,060 |
| 18 | Travellers Rest Historic House Museum Inc | 636 Farrell Pkwy, Nashville, TN 37220-1218 | TN | 1989-10 | $728,434 |
| 19 | Us Lacrosse Inc | 4804 Nebraska Ave, Nashville, TN 37209 | TN | 2000-02 | $20,020,965 |
| 20 | Vec Customers Share Inc | PO BOX 277, Decatur, TN 37322-0277 | TN | 2002-02 | $400,610 |
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