The Choate Foundation For Academics And Athletic Waslker County Youth in Huntsville, 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
| The Choate Foundation For Academics And Athletic Waslker County Youth | |
| Employer Identification Number (EIN) | 455451375 |
| Name of Organization | The Choate Foundation For Academics And Athletic Waslker County Youth |
| In Care of Name | Ronald David Choate |
| Address | 31 Elkins Lk, Huntsville, TX 77340-7300 |
| Subsection | Charitable Organization |
| Ruling Date | 05/2014 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $2,450 |
| Amount of Income | $4,950 |
| Form 990 Revenue Amount | $2,050 |
| National Taxonomy of Exempt Entities (NTEE) | Youth Development: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2013: $4,950 (it was $2,050 in 2012)
| The Choate Foundation For Academics And Athletic Waslker County Youth: | $4,950 |
| Other organizations performing similar types of work: | $120,037 |
Assets in 2013: $2,450 (it was $650 in 2012)
| This organization: | $2,450 |
| Other organizations performing similar types of work: | $164,812 |
Expenses in 2012: $1,400
| This organization: | $1,400 |
| Other organizations performing similar types of work: | $53,380 |
Income to expenses ratio in 2012: 3.5
| This organization: | 3.5 |
| Other organizations performing similar types of work: | 1.8 |
Grants share in income in 2012: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 123.9% |
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 | $2,050 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $2,050 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $1,400 | $0 | $0 | $1,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $400 | $0 | $0 | |
| Contributions, gifts, grants paid | $1,000 | |||
| Excess of revenue over expenses and disbursements | $650 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $650 | $650 |
| Cash - non-interest-bearing | $650 | |
| 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 | $0 | |
| Total liabilities and net assets/fund balances | $650 | |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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 | $1,000 |
| Net value of noncharitable-use assets | $980 |
| Minimum investment return | $49 |
| Distributable Amount (for 2012) | |
| Distributable amount | $49 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $49 |
| 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 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Sfk Success For Kids Inc | 1054 S Robertson Blvd, Los Angeles, CA 90035 | CA | 2009-07 | $4,504,355 |
| 2 | Tanana Valley Youth Sports Foundation Inc | PO BOX 61312, Fairbanks, AK 99706-1312 | AK | 2004-08 | $2,221,409 |
| 3 | Teammates Foundation | 6801 O St, Lincoln, NE 68510-2422 | NE | 2009-07 | $2,051,179 |
| 4 | Stanislaus Family Justice Center Foundation | 1625 I St, Modesto, CA 95354-1121 | CA | 2003-09 | $823,437 |
| 5 | Will Work For Kids Nonprofit Group | 4016 Blushing Rose Ct, Oviedo, FL 32766 | FL | 2009-03 | $279,133 |
| 6 | Ydi Foundation Inc | 6301 Central Ave Nw, Albuquerque, NM 87105-2036 | NM | 2005-02 | $213,905 |
| 7 | La Porte Livestock Show & Rodeo Association | PO BOX 445, La Porte, TX 77572-0445 | TX | 1993-11 | $178,459 |
| 8 | Odkf Support Inc | 4348 Waialae Avenue Box 483, Honolulu, HI 96816-5767 | HI | 2010-10 | $125,594 |
| 9 | Cal Farleys Boys Ranch Alumni Foundation | 133 Springhill Dr, Hurst, TX 76054-2214 | TX | 2010-07 | $79,729 |
| 10 | Queen Annes County Extension Advisory Council Inc | 505 Railroad Ave Ste 4, Centreville, MD 21617-1138 | MD | 2014-02 | $79,223 |
| 11 | Los Alamitos High School Girls Volleyball Booster Club | 3415 Cerritos Avenue, Los Alamitos, CA 90720 | CA | 2005-01 | $67,489 |
| 12 | Hondo Ffa Booster Club | 3787 Cr 251, Hondo, TX 78861 | TX | 2010-02 | $65,119 |
| 13 | Pay It Forward Des Moines Iowa Inc | 8604 Horton Circle, Urbandale, IA 50322 | IA | 2008-09 | $60,057 |
| 14 | Langham Creek Ffa Booster Club | PO BOX 841928, Houston, TX 77284-1928 | TX | 2001-12 | $44,798 |
| 15 | R & Q Dog Sports Incorporated | 3641 W Aire Libre Ave, Phoenix, AZ 85053-2813 | AZ | 2009-06 | $24,199 |
| 16 | The Choate Foundation For Academics And Athletic Waslker County Youth | 31 Elkins Lk, Huntsville, TX 77340-7300 | TX | 2014-05 | $4,950 |
| 17 | Colbys Friends | 707 Masters Way, Kingwood, TX 77339 | TX | 1999-02 | $0 |
| 18 | Diamonds Of Distinction | Po Box 542081, Grand Prairie, TX 75054 | TX | 2010-06 | $0 |
| 19 | Grandview Ag Youth Booster Club Inc | PO BOX 310, Grandview, TX 76050 | TX | 2002-12 | $0 |
| 20 | Positive Parents Booster Club | 20910 Park Row Dr, Katy, TX 77449-5018 | TX | 2003-07 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 57 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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