Smith Walker Switzer Foundation in Houston, Texas (TX)
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
- Organizations performing similar types of work
| Smith Walker Switzer Foundation | |
| Employer Identification Number (EIN) | 454405705 |
| Name of Organization | Smith Walker Switzer Foundation |
| In Care of Name | Scott W Smith |
| Address | 5847 San Felipe St Ste 3000, Houston, TX 77057-3399 |
| Subsection | Charitable Organization |
| Ruling Date | 04/2012 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $91,979 |
| Amount of Income | $290,307 |
| Form 990 Revenue Amount | $1 |
| 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 2012: $290,307 (it was $1 in 2011)
| This organization: | $290,307 |
| Other organizations performing similar types of work: | $67,593 |
Assets in 2012: $91,979 (it was $1 in 2011)
| Smith Walker Switzer Foundation: | $91,979 |
| Other organizations performing similar types of work: | $38,144 |
Expenses in 2012: $27,260
| This organization: | $27,260 |
| Other organizations performing similar types of work: | $42,291 |
Income to expenses ratio in 2012: 10.6
| This organization: | 10.6 |
| Other organizations performing similar types of work: | 2.4 |
Grants share in income in 2012: 63.2%
| This organization: | 63.2% |
| Other organizations performing similar types of work: | 98.6% |
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 | $185,853 | $68,359 | $0 | |
| Contributions, gifts, grants, etc., received | $117,494 | |||
| Interest on savings and temporary cash investments | $2 | |||
| Dividends and interest from securities | $861 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $67,496 | |||
| Total expenses and disbursements | $27,260 | $0 | $0 | $27,260 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $0 | $0 | $0 | |
| Contributions, gifts, grants paid | $27,260 | |||
| Excess of revenue over expenses and disbursements | $158,593 | |||
| Net investment income | $68,359 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $91,979 | $91,979 |
| Cash - non-interest-bearing | $91,979 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $91,979 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $67,496 |
| 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 | $1,367 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $31 |
| Tax due | $1,398 |
| 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 | $51,270 |
| Net value of noncharitable-use assets | $50,500 |
| Minimum investment return | $2,525 |
| Distributable Amount (for 2012) | |
| Distributable amount | $1,158 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $1,158 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| 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 |
| Write your review! |
|
|
| Recently Added Reviews |
Abundant Grace Praise & Worship Church in Houston, TX
  |
|
Mount Sinai Grand Lodge Community Foundation in Houston, TX
|
|
Allegro Organizational Solutions Inc in Houston, TX
|
|
Looking To New Horizons in Houston, TX
|
|
Iraqi Community Of Houston in Houston, TX
|
Helping Hands Charity in Houston, TX
 |
|
Ezekiel Ez Care Home Inc in Houston, TX
|
|
Texas Garden Clubs Inc, Lakewood Forest Garden Club in Houston, TX
|
| The Nigerian Foundation in Houston, TX |
|
Tex Us Too Inc in Houston, TX
|
| 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 | Tarahumara Childrens Hospital Fund Of El Paso | PO BOX 219, El Paso, TX 79942-0219 | TX | 2013-05 | $13,427,080 |
| 3 | White Cake Family Foundation | 5956 Sherry Ln Ste 1350, Dallas, TX 75225-8009 | TX | 2008-09 | $6,331,880 |
| 4 | W J Brace Charitable Tr | PO BOX 831041, Dallas, TX 75283-1041 | TX | 2011-01 | $2,154,455 |
| 5 | Incarnate Word Education Foundation | 4301 Broadway St, San Antonio, TX 78209-6318 | TX | 2010-03 | $1,581,586 |
| 6 | Ronald Mcdonald House Of Dallas Endowment Foundation | 4707 Bengal St, Dallas, TX 75235-8007 | TX | 1999-04 | $911,942 |
| 7 | Watford Family Foundation Inc | 2 Villeroy Way, The Woodlands, TX 77382-2711 | TX | 2011-02 | $712,870 |
| 8 | Lyndaka Family Foundation | 15700 Custer Trl, Frisco, TX 75035-6610 | TX | 2012-10 | $650,651 |
| 9 | Mercy Project Inc | PO BOX 3005, Bryan, TX 77805-3005 | TX | 2010-04 | $603,861 |
| 10 | Angel Reach | 206 A South Loop 336 West 203, Conroe, TX 77304 | TX | 2011-08 | $543,621 |
| 11 | Mckim Family Foundation Inc | 2833 Buffalo Ct, Arlington, TX 76013-1203 | TX | 2014-08 | $500,000 |
| 12 | White Oak Gives Back Inc | 12941 North Fwy Ste 550, Houston, TX 77060-1243 | TX | 2008-12 | $346,261 |
| 13 | Texas Honor Ride Inc | 6606 Fm 1488 Room 148-165, Magnolia, TX 77354-2544 | TX | 2009-03 | $325,093 |
| 14 | Army Marathon | 2608 N Main St B174, Belton, TX 76513-1546 | TX | 2012-07 | $301,774 |
| 15 | Short Term Missions Producing Long Term Results | 4410 Newport Woods St, San Antonio, TX 78249-1820 | TX | 2005-11 | $293,042 |
| 16 | Smith Walker Switzer Foundation | 5847 San Felipe St Ste 3000, Houston, TX 77057-3399 | TX | 2012-04 | $290,307 |
| 17 | Texas Dps Troopers Foundation Inc | 5821 Airport Blvd, Austin, TX 78752 | TX | 2011-05 | $240,224 |
| 18 | Supporting Hope Inc | PO BOX 471042, Fort Worth, TX 76147-1042 | TX | 2011-11 | $227,668 |
| 19 | Service Over Self Sos Foundation Of The Rotary Club Of Edinburg | 6209 N 16th St, Mcallen, TX 78504-3309 | TX | 2006-01 | $208,231 |
| 20 | Linda And Mike Stinson Family Foundation | 1201 Shady Oaks Ln, Fort Worth, TX 76107-3557 | TX | 2014-07 | $200,004 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 2,511 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization representatives - add corrected or new information about Smith Walker Switzer Foundation »
Non-representatives - add comments about Smith Walker Switzer Foundation»