Walmac Foundation Inc 3010 Induatrial Pkwy in Knoxville, 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
- Other organizations in Tennessee
| Walmac Foundation Inc 3010 Induatrial Pkwy | |
| Employer Identification Number (EIN) | 621178718 |
| Name of Organization | Walmac Foundation Inc 3010 Induatrial Pkwy |
| Address | 3617 Laurel Oak Ln, Knoxville, TN 37931-1622 |
| Activities | Other school related activities, Supplying money, goods or services to the poor |
| Subsection | Charitable Organization |
| Ruling Date | 07/1984 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 11/2012 |
| Assets | $100,000 to $499,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $134,525 |
| Amount of Income | $135 |
| Form 990 Revenue Amount | $7,807 |
Non-representatives - add comments:
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 | $135 | $135 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $135 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $6,874 | $0 | $0 | $3,898 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $2,976 | $0 | $0 | |
| Contributions, gifts, grants paid | $3,898 | |||
| Excess of revenue over expenses and disbursements | $-6,739 | |||
| Net investment income | $135 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $134,525 | $134,525 |
| 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 | $134,525 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $134,525 | |
| 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 | $3 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $3 |
| 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 | $137,457 |
| Net value of noncharitable-use assets | $135,400 |
| Minimum investment return | $6,770 |
| Distributable Amount (for 2012) | |
| Distributable amount | $6,767 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $6,767 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $2,869 |
| 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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| Other organizations in Tennessee | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | W H & Edgar Magness Community House & Library | 2355 S Chancery St, Mcminnville, TN 37110-3614 | TN | 1991-04 | $473,301 |
| 2 | W H & Edgar Magness Community House & Library Trust | 150 4th Ave N 9th Fl, Nashville, TN 37219-2415 | TN | 1945-05 | $19,601 |
| 3 | W H Parks Scholarship Fund | PO BOX 370, Dyersburg, TN 38025-0370 | TN | 1970-12 | $1,338 |
| 4 | W M Bell Foundation | 8545 Cordes Cir, Germantown, TN 38139-3317 | TN | 1959-10 | $16,000 |
| 5 | W M Daniel Junior Golf Program | 2206 Foxfire Rd, Clarksville, TN 37043-2219 | TN | 1999-05 | $7,326 |
| 6 | W P Scales School Parents Club | 6430 Murray Ln, Brentwood, TN 37027-5604 | TN | 1988-11 | $180,598 |
| 7 | W W Mebane Scholarships, Carroll Bnak & Trust Trust Dep | PO BOX 889, Huntingdon, TN 38344-0889 | TN | 2002-03 | $187,823 |
| 8 | Wags And Whiskers Pet Rescue Inc | 121 Creek View Dr, Crossville, TN 38555-1314 | TN | 2005-02 | $115,900 |
| 9 | Walking Horse Owners Association Of America Inc, Tennessee Miller Coliseum | PO BOX 400, Murfreesboro, TN 37129 | TN | 1978-09 | $333,802 |
| 10 | Wallace Ministries Inc | 425 Sharondale Drive, Murfreesboro, TN 37129 | TN | 1987-01 | $0 |
| 11 | Walmac Foundation Inc 3010 Induatrial Pkwy | 3617 Laurel Oak Ln, Knoxville, TN 37931-1622 | TN | 1984-07 | $135 |
| 12 | Walnut Village Inc | PO BOX 400, Cookeville, TN 38503-0400 | TN | 1979-08 | $393,752 |
| 13 | Walter R Courtenay Eagle Scout Trust Fund | 33 Music Square West, Nashville, TN 37203-3226 | TN | 1991-11 | $4,498 |
| 14 | Walters Cemetery Association | 835 Mays Bridge Rd, Springville, TN 38256-6419 | TN | 1994-12 | $2,232 |
| 15 | Walters Foundation | PO BOX 1779, Morristown, TN 37816-1779 | TN | 1962-07 | $274,117 |
| 16 | Wang Foundation For Sight Restoration | 1801 W End Ave, Nashville, TN 37203-2526 | TN | 2004-10 | $41,357 |
| 17 | Ward And Shelley Cammack Family Foundation Inc | 426 Wiggins Creek Dr, Sewanee, TN 37375-3033 | TN | 2008-06 | $78,489 |
| 18 | Warren County Educational Foundation | PO BOX 728, Mcminnville, TN 37111-0728 | TN | 2002-02 | $49,943 |
| 19 | Warren County Farm Bureau | 101 Magness Dr, Mc Minnville, TN 37110-1321 | TN | 1958-09 | $218,067 |
| 20 | Warren County Home Delivery Meals Inc | 106 E End Dr, Mcminnville, TN 37110-3233 | TN | 1980-08 | $186,401 |
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