Velma And Gatewood Newberry Foundation in Austin, 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
| Velma And Gatewood Newberry Foundation | |
| Employer Identification Number (EIN) | 746057050 |
| Name of Organization | Velma And Gatewood Newberry Foundation |
| Address | 3508 Windsor Rd, Austin, TX 78703-1507 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 06/1957 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 10/2012 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $53,257 |
| Amount of Income | $7,420 |
| Form 990 Revenue Amount | $812 |
Non-representatives - add comments:
Expenses for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $812 | $1,851 | $1,851 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $1,851 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $8,132 | $3,232 | $3,232 | $4,900 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $3,232 | $3,232 | $0 | |
| Contributions, gifts, grants paid | $4,900 | |||
| Excess of revenue over expenses and disbursements | $-7,319 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $58,248 | $48,740 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $58,248 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $58,248 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $-1,038 |
| Excise Tax Based on Investment Income (for 2011) | |
| 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 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| 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 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| 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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | 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 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $54,529 |
| Net value of noncharitable-use assets | $53,700 |
| Minimum investment return | $2,685 |
| Distributable Amount (for 2011) | |
| Distributable amount | $2,685 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $2,685 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | 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 | Varnett Schools Inc | PO BOX 1457, Houston, TX 77251-1457 | TX | 1997-07 | $13,652,685 |
| 2 | Varrichio Family Foundation | 5829 Red Wolf Ln, Plano, TX 75093-8040 | TX | 2006-03 | $800,873 |
| 3 | Vasco Mccoy Jr Foundation | PO BOX 298, Texarkana, TX 75504-0298 | TX | 1973-11 | $1,506,667 |
| 4 | Vatat Credit Union | 614 E 12th St, Austin, TX 78701-1908 | TX | 1976-06 | $254,336 |
| 5 | Vaughan Family Foundation Inc | 12525 Broken Bough Dr, Houston, TX 77024-4934 | TX | 2004-04 | $138 |
| 6 | Vaughn House Inc | 1701 Evergreen Ave, Austin, TX 78704-2997 | TX | 1969-12 | $657,135 |
| 7 | Vaughn T Baird Foundation | PO BOX 594, Belton, TX 76513-0594 | TX | 1995-03 | $514,669 |
| 8 | Vbs Enterprises Inc | 105 Terrace Dr, Desoto, TX 75115-5752 | TX | 2010-02 | $145,946 |
| 9 | Vega Volunteer Fire Dept & Ambulance Service | PO BOX 411, Vega, TX 79092-0411 | TX | 1990-12 | $85,079 |
| 10 | Velasco Cementery Assn | 204 Oak Dr, Lake Jackson, TX 77566-4213 | TX | 1993-01 | $4,696 |
| 11 | Velma And Gatewood Newberry Foundation | 3508 Windsor Rd, Austin, TX 78703-1507 | TX | 1957-06 | $7,420 |
| 12 | Velma Lee And John Harvey Robinson Charitable Foundation | PO BOX 924, Edna, TX 77957-0924 | TX | 1984-04 | $7,095,181 |
| 13 | Velocity Credit Union | 610 E 11th St, Austin, TX 78701-2621 | TX | 1960-01 | $34,526,347 |
| 14 | Venture Cd Inc, Venture Houston | 22311 Stormcroft Ln, Katy, TX 77450-6700 | TX | 1999-11 | $1 |
| 15 | Venus Athletic Booster Club | PO BOX 499, Venus, TX 76084-0499 | TX | 2009-03 | $210 |
| 16 | Verfred Foundation | 2120 Bear Creek Xing, Mcgregor, TX 76657-3448 | TX | 1963-02 | $6,574 |
| 17 | Vergie Belle Smallwood Scholarship Trust Fbo, Cal Farleys Boys Ranch | PO BOX 1700, Kilgore, TX 75663-1700 | TX | 1980-04 | $38,336 |
| 18 | Vergie Belle Smallwood Trust For, Cal Farleys Boys Ranch | PO BOX 1700, Kilgore, TX 75663-1700 | TX | 1979-12 | $38,336 |
| 19 | Vergie Belle Smallwood Trust For, First Baptist Church | PO BOX 1700, Kilgore, TX 75663-1700 | TX | 1979-12 | $38,336 |
| 20 | Vergie Belle Smallwood Trust For, South Plains College | PO BOX 1700, Kilgore, TX 75663-1700 | TX | 1980-04 | $38,336 |
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