Susan Vaughan Foundation Inc 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
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Organizations performing similar types of work
| Susan Vaughan Foundation Inc | |
| Employer Identification Number (EIN) | 760285765 |
| Name of Organization | Susan Vaughan Foundation Inc |
| In Care of Name | Jennifer Grosvenor |
| Address | 600 Jefferson St Ste 300, Houston, TX 77002-7377 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 09/1989 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $10,000,000 to $49,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $19,798,243 |
| Amount of Income | $10,689,100 |
| Form 990 Revenue Amount | $888,583 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: |
Non-representatives - add comments:
Amount of income in 2013: $10,689,100 (it was $15,187,192 in 2012)
| Susan Vaughan Foundation Inc: | $10,689,100 |
| Other organizations performing similar types of work: | $161,555 |
Assets in 2013: $19,798,243 (it was $19,124,519 in 2012)
| Susan Vaughan Foundation Inc: | $19,798,243 |
| Other organizations performing similar types of work: | $432,086 |
Expenses in 2012: $1,599,734
| Susan Vaughan Foundation Inc: | $1,599,734 |
| Other organizations performing similar types of work: | $61,941 |
Income to expenses ratio in 2012: 6.7
| This organization: | 6.7 |
| Other organizations performing similar types of work: | 2.8 |
Expenses for 2012
Assets 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 | $315,509 | $556,320 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $547,249 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-29,039 | |||
| Total expenses and disbursements | $1,599,734 | $292,471 | $0 | $1,304,625 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $388,384 | $292,471 | $93,275 | |
| Contributions, gifts, grants paid | $1,211,350 | |||
| Excess of revenue over expenses and disbursements | $-1,284,225 | |||
| Net investment income | $263,849 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $19,124,519 | $22,941,991 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $1,315,660 | |
| Investments-corporate stock | $12,498,659 | |
| Investments-corporate bonds | $4,425,235 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $884,965 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $19,124,519 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-202,701 |
| 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 | $2,638 |
| Total credits and payments | $13,303 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $13,303 |
| 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 | $10,665 |
| Amount to be credited to 2013 estimated tax | $10,665 |
| 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? | Yes |
| 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 | $23,784,111 |
| Net value of noncharitable-use assets | $23,427,340 |
| Minimum investment return | $1,171,367 |
| Distributable Amount (for 2012) | |
| Distributable amount | $1,168,729 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $1,168,729 |
| 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 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $-14,762 | $0 | $-14,762 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $-147,621 | $0 | $-14,762 |
| 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 | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $0 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| 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 | $0 |
| Unrelated business taxable income | $-14,762 |
| Unrelated business taxable income before net operating loss deduction | $-14,762 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $-14,762 |
| Specific deduction | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | George William Patton & Mary Patton Foundation Trust B | PO BOX 831041, Dallas, TX 75283-1041 | TX | 1998-01 | $14,849,158 |
| 2 | Marketplace Ministries Foundation | 2001 West Plano Parkway, Plano, TX 75075-8601 | TX | 1998-05 | $11,563,975 |
| 3 | Susan Vaughan Foundation Inc | 600 Jefferson St Ste 300, Houston, TX 77002-7377 | TX | 1989-09 | $10,689,100 |
| 4 | Boys Ranch Tr, Rogers Harold D Ttee | 900 8th St Ste 725, Wichita Falls, TX 76301-6808 | TX | 1995-10 | $2,731,271 |
| 5 | Cancer Trust, Rogers Harold D Ttee | 900 8th St Ste 725, Wichita Falls, TX 76301-6808 | TX | 1995-10 | $2,731,271 |
| 6 | Heart Trust, Rogers Harold D Ttee | 900 8th St Ste 725, Wichita Falls, TX 76301-6808 | TX | 1995-10 | $2,731,271 |
| 7 | North Texas Rehab Tr, Rogers Harold D Ttee | 900 8th St Ste 725, Wichita Falls, TX 76301-6808 | TX | 1995-10 | $2,731,271 |
| 8 | Gn Spencer Foundation | PO BOX 831041, Dallas, TX 75283-1041 | TX | 1997-06 | $1,425,060 |
| 9 | Wi And Inez Davis Foundation | PO BOX 2077, Center, TX 75935-2077 | TX | 1996-05 | $658,912 |
| 10 | Paris Legacy Foundation Inc | PO BOX 1815, Paris, TX 75461-1815 | TX | 1997-06 | $604,485 |
| 11 | Brask Gudrun | PO BOX 831041, Dallas, TX 75283-1041 | TX | 1996-11 | $348,021 |
| 12 | Tarlton Foundation For Easter Seals | 1424 Hemphill St, Fort Worth, TX 76104-4703 | TX | 1996-03 | $82,962 |
| 13 | Saint Johns Episcopal School Teachers Endowment Fund | 848 Harter Rd, Dallas, TX 75218-2751 | TX | 1996-07 | $53,989 |
| 14 | Susan And Jack Lapin Foundation, Lapin Jack Ttee | 2121 Kirby Dr Unit 12n, Houston, TX 77019-6064 | TX | 1997-02 | $23,701 |
| 15 | Susan And Jack Lapin Family Fdn | 2121 Kirby Dr Unit 12n, Houston, TX 77019-6064 | TX | 1997-02 | $19,000 |
| 16 | Rod J Rohrich Foundation | 9815 Rockbrook Dr, Dallas, TX 75220-2040 | TX | 1996-07 | $2,061 |
| 17 | Celebrate Children Fund Inc | PO BOX 309, Waxahachie, TX 75168-0309 | TX | 1996-08 | $0 |
| 18 | Lee K Brasted And Martha D Brasted Foundation Inc | 1903 Tangle Lake Dr, Kingwood, TX 77339-3359 | TX | 1998-03 | $0 |
| 19 | Norma Taylor Walker Foundation Inc | 5307 Verdant Way, Houston, TX 77069-3333 | TX | 1998-04 | $0 |
| 20 | Scotsdale Baptist Church Of El Paso Foundation | 10015 Lockerbie Ave, El Paso, TX 79925-4340 | TX | 1996-05 | $0 |
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