Weigel Foundation in Powell, Tennessee (TN)
Table of contents:
| Weigel Foundation | |
| Employer Identification Number (EIN) | 421755158 |
| Name of Organization | Weigel Foundation |
| Address | 3100 Weigel Ln, Powell, TN 37849-4201 |
| Subsection | Charitable Organization |
| Ruling Date | 04/2008 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $94,577 |
| Amount of Income | $73,485 |
| Form 990 Revenue Amount | $42,600 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2013: $73,485 (it was $68,500 in 2012)
| Weigel Foundation: | $73,485 |
| Other organizations performing similar types of work: | $67,593 |
Assets in 2013: $94,577 (it was $84,589 in 2012)
| This organization: | $94,577 |
| Other organizations performing similar types of work: | $38,144 |
Expenses in 2013: $32,612
| Weigel Foundation: | $32,612 |
| Other organizations performing similar types of work: | $42,291 |
Income to expenses ratio in 2013: 2.3
| This organization: | 2.3 |
| Other organizations performing similar types of work: | 2.4 |
Grants share in income in 2013: 172.5%
| Weigel Foundation: | 172.5% |
| Other organizations performing similar types of work: | 98.6% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total revenue | $47,384 | $953 | $52,405 | $42,600 |
| Contributions, gifts, grants, and similar amounts received | $47,384 | $473 | $68,500 | $73,485 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $-16,095 | $-30,885 |
| Gross income from gaming | $0 | $0 | $0 | $0 |
| Gross income from fundraising events | $0 | $0 | $0 | $0 |
| Less: direct expenses from gaming and fundraising events | $0 | $0 | $16,095 | $30,885 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $480 | $0 | $0 |
| Total expenses | $26,278 | $22,914 | $54,480 | $32,612 |
| Total net assets | $21,106 | $-855 | $84,589 | $94,577 |
| Excess/Deficit for the year | $21,106 | $-21,961 | $-2,075 | $9,988 |
| Net assets or fund balances at beginning of year | $0 | $21,106 | $-855 | $84,589 |
| Other changes in net assets or fund balances | $0 | $0 | $87,519 | $0 |
| Net assets or fund balances at end of year | $84,589 | $94,577 | ||
| Balance Sheets | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total assets | $21,106 | $1 | $84,589 | $94,577 |
| Total liabilities | $0 | $855 | $0 | $0 |
| Net assets or fund balances | $21,106 | $-855 | $84,589 | $94,577 |
| Other Information | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | ||
| Were any significant changes made to the organizing or governing documents? | No | No | ||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | ||
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | ||
| Amount of political expenditures, direct or indirect | $0 | $0 | ||
| Did the organization file Form 1120-POL for this year? | No | No | ||
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | ||
| Total amount involved | $0 | $0 | ||
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | ||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | ||
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $189,842 |
| Subtotal Support | $189,842 |
| Gifts, grants, contributions, and membership fees received | $189,842 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $190,322 |
| Public Support | $189,842 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $480 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Southwest Childrens Swing For Life | 3911 E Chandler Blvd Pmb 123, Phoenix, AZ 85048 | AZ | 2007-03 | $75,238 |
| 2 | Chattanooga Times Free Press Foundation | 400 E 11th Street, Chattanooga, TN 37403-4203 | TN | 2012-09 | $219,531 |
| 3 | Dee Anna And Hubie Smith Family Foundation, Arthur H Smith Iii Ttee | 2461 Old Hickory Blvd, Nashville, TN 37221-3711 | TN | 2014-07 | $201,164 |
| 4 | Upper Cumberland Electric Membership Corporation Ucemc Cares | PO BOX 159, Carthage, TN 37030-0159 | TN | 2015-04 | $165,009 |
| 5 | Smyrna Rotary Club Charitable Foundation | PO BOX 353, Smyrna, TN 37167-0353 | TN | 2009-07 | $77,881 |
| 6 | Dickson County Craig Morgan Foundation | 719 E College St Ste 200, Dickson, TN 37055-2079 | TN | 2013-01 | $76,744 |
| 7 | Weigel Foundation | 3100 Weigel Ln, Powell, TN 37849-4201 | TN | 2008-04 | $73,485 |
| 8 | Germantown Knights Of Columbus Christian 49ers | 8347 Poplar Pike, Germantown, TN 38138-6259 | TN | 2010-06 | $47,326 |
| 9 | Dickson County Emergency Services Memorial Ride | PO BOX 203, Nashville, TN 37209 | TN | 2014-10 | $1,743 |
| 10 | Anointed Orphans Of Haiti | PO BOX 2161, Mount Juliet, TN 37121-2161 | TN | 2010-02 | $1,552 |
| 11 | 100 Block Association | 123 S Gay Street, Knoxville, TN 37902 | TN | 2014-07 | $0 |
| 12 | Barefoot Benefit | 10640 Riverlake Drive, Knoxville, TN 37922 | TN | 2013-08 | $0 |
| 13 | Barkays Foundation Inc | 1085 Palmer Rd, Memphis, TN 38116-7723 | TN | 2014-07 | $0 |
| 14 | Big Santa Productions | 1604 8th Avenue South, Nashville, TN 37203 | TN | 2007-12 | $0 |
| 15 | Calm Before The Storm Charities Inc | 107 Music City Circle Suite 116, Nashville, TN 37214 | TN | 2005-02 | $0 |
| 16 | Catholic Social Club Of Putnam County | 421 Washington Ave, Cookeville, TN 38501 | TN | 2004-01 | $0 |
| 17 | Change A Kids Life Inc | 1707 Dover St, Murfressboro, TN 37130-1213 | TN | 2005-10 | $0 |
| 18 | Cheer For The Kids Inc | 1736 Crossberry Cv S, Collierville, TN 38017 | TN | 2014-09 | $0 |
| 19 | Contemporary Club | Po Box 772, Collierville, TN 38017 | TN | 2014-06 | $0 |
| 20 | Crossroads Riders | 205 Alfred Drive, Clarksville, TN 37043 | TN | 2015-01 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,511 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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