Warbird Education Foundation in Frisco, 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
| Warbird Education Foundation | |
| Employer Identification Number (EIN) | 261519115 |
| Name of Organization | Warbird Education Foundation |
| In Care of Name | Glenn A Smith |
| Address | 3148 Seneca Dr, Frisco, TX 75034-5972 |
| Subsection | Educational Organization |
| Ruling Date | 08/2008 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $500,000 to $999,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $615,775 |
| Amount of Income | $53,987 |
| Form 990 Revenue Amount | $53,987 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Educational Services and Schools - Other |
Non-representatives - add comments:
Assets 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 | $53,987 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $53,987 | |||
| 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 | $54,212 | $0 | $0 | $53,337 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $54,212 | $0 | $53,337 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-225 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $615,775 | $419,775 |
| Cash - non-interest-bearing | $775 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $615,000 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $615,775 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| 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? | Yes |
| 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 | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2011) | |
| Distributable amount | $0 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $0 |
| 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 | $1 | $0 | $0 | $0 | $1 |
| Qualifying distributions made directly for active conduct of exempt activities | $53,337 | $52,081 | $29,684 | $4,666 | $139,768 |
| Value of all assets | $419,775 | $551,000 | $616,000 | $616,000 | $2,202,775 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $419,775 | $551,000 | $616,000 | $616,000 | $2,202,775 |
| 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 | Walter E And Lucy M Roush Charitable Trust | BANK OF AMERICA NA PO BOX 831, Dallas, TX 75283-1041 | TX | 1999-07 | $424,000 |
| 2 | Walter H Hightower Foundation | 333 N Oregon St 2nd Floor, El Paso, TX 79901-1317 | TX | 2009-08 | $11,831,845 |
| 3 | Walter H Hightower Foundation For New Mexico Boys Ranch Inc | PO BOX 41269, Austin, TX 78704-0022 | TX | 1990-08 | $416,140 |
| 4 | Walter M Mischer & Mary A Mischer Foundation | 9 Greenway Plz Ste 2900, Houston, TX 77046-0923 | TX | 1998-08 | $356 |
| 5 | Walter O Caldwell Jr Charitable Trust | PO BOX 4886, Houston, TX 77210-4886 | TX | 1972-04 | $1,993 |
| 6 | Walter S & Evan C Jones Trust Bank Iv Kansas Na Ttee | PO BOX 831041, Dallas, TX 75283-1041 | TX | 1976-01 | $15,355,925 |
| 7 | Walter Wayne Templin Tr | PO BOX 99102, El Paso, TX 79999-9102 | TX | 1900-01 | $816,724 |
| 8 | Walton Tithe Trust | PO BOX 395, Holland, TX 76534-0395 | TX | 1971-03 | $114,773 |
| 9 | Wamstad-Keating Charitable Foundation | 14307 Hughes Ln, Dallas, TX 75254-8501 | TX | 2003-10 | $9,600 |
| 10 | Wanda Mccain Jowell Elementary Parent Teacher Organization | 6355 Greenhouse Rd, Katy, TX 77449-4382 | TX | 2000-06 | $44,647 |
| 11 | Warbird Education Foundation | 3148 Seneca Dr, Frisco, TX 75034-5972 | TX | 2008-08 | $53,987 |
| 12 | Ward County Council For Handicapped Chidren Inc | 819 S Allen Ave, Monahans, TX 79756-5105 | TX | 1988-05 | $17,912 |
| 13 | Ward County Golf Association | PO BOX 285, Monahans, TX 79756-0285 | TX | 1998-02 | $906,444 |
| 14 | Ward County Teachers Credit Union | 301 S Main Ave, Monahans, TX 79756-4205 | TX | 1976-06 | $748,867 |
| 15 | Ward Family Foundation | 5949 Sherry Ln Ste 1735, Dallas, TX 75225-8048 | TX | 1994-03 | $241,696 |
| 16 | Waring Volunteer Fire Department | PO BOX 55, Waring, TX 78074-0055 | TX | 1981-04 | $74,393 |
| 17 | Warm Foundation Inc | 809 Lipscomb St, Fort Worth, TX 76104-3121 | TX | 1998-05 | $129,847 |
| 18 | Warren Center Inc | 320 Custer Rd, Richardson, TX 75080-5623 | TX | 1970-03 | $4,057,862 |
| 19 | Warren Foundation | 6300 Ocean Dr, Corp Christi, TX 78412-5503 | TX | 1957-06 | $514,853 |
| 20 | Warren R Austin And Heath Horton, Canoe Island Trust | PO BOX 831041, Dallas, TX 75283-1041 | TX | 2002-03 | $1,718,799 |
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