The Teal 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
- Other organizations in Texas
| The Teal Foundation | |
| Employer Identification Number (EIN) | 766033961 |
| Name of Organization | The Teal Foundation |
| Address | 11767 Katy Fwy Ste 300, Houston, TX 77079-1711 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 08/1987 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $500,000 to $999,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $507,722 |
| Amount of Income | $95,684 |
| Form 990 Revenue Amount | $-7,434 |
Non-representatives - add comments:
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 | $-7,434 | $1,655 | $1,655 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $301 | |||
| Dividends and interest from securities | $1,354 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $3,287 | $0 | $0 | $2,200 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,087 | $0 | $0 | |
| Contributions, gifts, grants paid | $2,200 | |||
| Excess of revenue over expenses and disbursements | $-10,721 | |||
| Net investment income | $1,655 | |||
| Adjusted net income | $1,655 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $507,722 | $439,746 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $155,242 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $352,480 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $507,722 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-9,089 |
| 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 | $33 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $33 |
| 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 | $442,887 |
| Net value of noncharitable-use assets | $436,240 |
| Minimum investment return | $21,812 |
| Distributable Amount (for 2012) | |
| Distributable amount | $21,779 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $21,779 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $15,995 |
| 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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| Other organizations in Texas | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Stanzel Family Foundation Inc | PO BOX 6, Schulenburg, TX 78956-0006 | TX | 1992-01 | $6,971,923 |
| 2 | The State Firemens And Fire Marshals Association Of Texas | 707 West Fm 1626, Austin, TX 78748 | TX | 1988-08 | $2,533,020 |
| 3 | The Stephenville Bass Club | PO BOX 1111, Stephenville, TX 76401-0031 | TX | 1986-10 | $405,372 |
| 4 | The Storehouse Foundation | 3794 W Highway 67 Unit C, Glen Rose, TX 76043-5854 | TX | 2002-03 | $28,023 |
| 5 | The Summerfield G Roberts Foundation, Co Tr Uw Sg Roberts | PO BOX 831041, Dallas, TX 75283-1041 | TX | 1991-04 | $8,459,829 |
| 6 | The Sun Bowl Association, El Paso Sun Carnival Association | 4150 Pinnacle St Ste 100, El Paso, TX 79902-1019 | TX | 1996-04 | $6,320,646 |
| 7 | The Supreme Master Ching Hai Intl Association | 11420 A Cypress North Houston Rd, Cypress, TX 77429-3004 | TX | 1992-08 | $13,815 |
| 8 | The Sutton Foundation | 919 Milam Street, Houston, TX 77002-5338 | TX | 2000-12 | $78,479 |
| 9 | The Sydnor And Olga Oden Foundation | 5555 San Felipe St Ste 200, Houston, TX 77056-2760 | TX | 1988-08 | $1,473,559 |
| 10 | The T J And Laverne Plunkett Foundation | PO BOX 2573, Henderson, TX 75653-2573 | TX | 1996-11 | $410,805 |
| 11 | The Teal Foundation | 11767 Katy Fwy Ste 300, Houston, TX 77079-1711 | TX | 1987-08 | $95,684 |
| 12 | The Texas A & M University Commerce Foundation | PO BOX 3425, Commerce, TX 75429-3425 | TX | 1970-08 | $2,698,896 |
| 13 | The Texas Cowboy Poetry Gathering Inc | PO BOX 395, Alpine, TX 79831-0395 | TX | 1997-03 | $114,266 |
| 14 | The Texas Environmental Health Association | PO BOX 1458, Kingsville, TX 78364-1458 | TX | 1987-03 | $116,569 |
| 15 | Parkinson Voice Project Inc | 500 N Coit Rd Ste 2085, Richardson, TX 75080-6228 | TX | 2010-01 | $1,415,337 |
| 16 | The Texas Water Safari Corporation | PO BOX 369, Prairie Lea, TX 78661-0369 | TX | 2000-07 | $66,738 |
| 17 | The Thai Christian Foundation | 6116 North Central Expressway, Dallas, TX 75206-5162 | TX | 1981-06 | $1,096,314 |
| 18 | The Theatre Company Of Bryan- College Station | PO BOX 1302, Bryan, TX 77806-1302 | TX | 1988-08 | $287,701 |
| 19 | The Thomas O And Cinda Hicks Foundation | 100 Crescent Ct Ste 1200, Dallas, TX 75201-7860 | TX | 1995-12 | $9 |
| 20 | The Thomas W Garner Foundation | 1111 North Loop W Ste 1100, Houston, TX 77008-1773 | TX | 1987-03 | $174 |
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