Foster Charitable Foundation Inc in Kerrville, Texas (TX)

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Foster Charitable Foundation Inc
Employer Identification Number (EIN)020653934
Name of OrganizationFoster Charitable Foundation Inc
Address2125 Sidney Baker St, Kerrville, TX 78028-2551
SubsectionCharitable Organization
Ruling Date10/2003
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$5,000,000 to $9,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$7,406,957
Amount of Income$3,368,758
Form 990 Revenue Amount$461,377
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Family Services

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Amount of income in 2013: $3,368,758 (it was $8,971,024 in 2012)
Foster Charitable Foundation Inc: 

Other organizations performing similar types of work: 


Assets in 2013: $7,406,957 (it was $8,965,292 in 2012)
Foster Charitable Foundation Inc: 

Other organizations performing similar types of work: 


Expenses in 2012: $1,416,852
Foster Charitable Foundation Inc: 

Other organizations performing similar types of work: 


Income to expenses ratio in 2012: 2.4
Foster Charitable Foundation Inc: 

Other organizations performing similar types of work: 


Grants share in income in 2012: 0.0%
Foster Charitable Foundation Inc: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Assets for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$276,618$234,509$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$42,702
Gross rents$8,939
Gross profit from sales of goods$0
Other income$28,670
Total expenses and disbursements$1,416,852$624,373$0$485,591
Compensation of officers, directors, trustees, etc.$150,000
Total operating and administrative expenses$1,416,852$624,373$485,591
Contributions, gifts, grants paid$0
Excess of revenue over expenses and disbursements$-1,140,234
Net investment income$0
Adjusted net income$0
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$8,965,292$7,977,701
Cash - non-interest-bearing$478,142
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Total liabilities$704
Mortgages and other notes payable$0
Total liabilities and net assets/fund balances$8,964,588
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$196,307
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
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$10,541,351
Net value of noncharitable-use assets$10,383,240
Minimum investment return$519,162
Distributable Amount (for 2012)
Distributable amount$519,162
Undistributed Income (for 2012)
Distributable amount for 2012$519,162
Undistributed income for 2012. This amount must be distributed in 2013$0
Private Operating Foundations (for 2012)
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
IdNameAddressStateEstablishedTotal Income
1The Lift AlliancePO BOX 19454, Austin, TX 78760-9454TX2013-09$9,897,172
2United Regional Health Care Foundation1600 11th St, Wichita Falls, TX 76301-4300TX1999-04$4,729,864
3Foster Charitable Foundation Inc2125 Sidney Baker St, Kerrville, TX 78028-2551TX2003-10$3,368,758
4Ratcliff Youth And Family Services, Tammi D Ratcliff Abney Ex DirPO BOX 380391, Duncanville, TX 75138-0391TX2003-05$2,015,662
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7Shaam Relief Foundation206 Forestridge Drive, Mansfield, TX 76063TX2013-04$1,406,267
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18Shield-Bearer Counseling Centers12345 Jones Rd Ste 285, Houston, TX 77070-4958TX2006-07$374,794
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Number of organizations performing similar types of work
District of Columbia29
North Carolina230
North Dakota6
New Hampshire16
New Jersey146
New Mexico31
New York192
Rhode Island13
South Carolina90
South Dakota15
West Virginia38
Total5,201 is not associated with, endorsed by, or sponsored by Foster Charitable Foundation Inc and has no official or unofficial affiliation with Foster Charitable Foundation Inc