Icon Health & Fitness Foundation in Logan, Utah (UT)
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
| Icon Health & Fitness Foundation | |
| Employer Identification Number (EIN) | 274244038 |
| Name of Organization | Icon Health & Fitness Foundation |
| In Care of Name | Everett Smith |
| Address | 1500 S 1000 W, Logan, UT 84321-8206 |
| Subsection | Charitable Organization |
| Ruling Date | 02/2013 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 05/2011 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $49,939 |
| Amount of Income | $62,537 |
| Form 990 Revenue Amount | $62,537 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Corporate Foundations |
Non-representatives - add comments:
Amount of income in 2011: $62,537
| This organization: | $62,537 |
| Other organizations performing similar types of work: | $107,502 |
Assets in 2011: $49,939
| This organization: | $49,939 |
| Other organizations performing similar types of work: | $322,766 |
Expenses in 2011: $31,002
| This organization: | $31,002 |
| Other organizations performing similar types of work: | $58,249 |
Income to expenses ratio in 2011: 2.0
| Icon Health & Fitness Foundation: | 2.0 |
| Other organizations performing similar types of work: | 2.0 |
Grants share in income in 2011: 100.0%
| Icon Health & Fitness Foundation: | 100.0% |
| Other organizations performing similar types of work: | 98.7% |
| 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 | $62,537 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $62,537 | |||
| 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 | $31,002 | $0 | $0 | $31,002 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $0 | $0 | $0 | |
| Contributions, gifts, grants paid | $31,002 | |||
| Excess of revenue over expenses and disbursements | $31,535 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $49,939 | $49,939 |
| Cash - non-interest-bearing | $49,939 | |
| 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 | $49,939 | |
| 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 |
| Overpayment | $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 | $12,757 |
| Net value of noncharitable-use assets | $5,860 |
| Minimum investment return | $293 |
| Distributable Amount (for 2011) | |
| Distributable amount | $293 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $293 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Ray And Tye Noorda Foundation | 333 S 520 W, Lindon, UT 84042-1911 | UT | 2000-09 | $31,510,408 |
| 2 | Kenneth P And Sally Rich Burbidge Foundation No 2 | 1751 E Yalecrest Ave, Salt Lake Cty, UT 84108-1839 | UT | 2010-08 | $1,705,878 |
| 3 | Smiles For Life Foundation | 975 E Woodoak Ln Ste 200, Salt Lake Cty, UT 84117-7275 | UT | 1999-07 | $1,619,913 |
| 4 | Segal Foundation Inc | 1303 4th Avenue, Salt Lake City, UT 84103-4408 | UT | 2003-07 | $1,315,472 |
| 5 | Give2live | 430 Ridge Ln, Alpine, UT 84004-2654 | UT | 2012-03 | $341,221 |
| 6 | Omid For Iran | PO BOX 11623, Salt Lake Cty, UT 84147-0623 | UT | 2010-08 | $141,493 |
| 7 | Peters Family Foundation | PO BOX 3208, Park City, UT 84060-3208 | UT | 2010-08 | $76,457 |
| 8 | Icon Health & Fitness Foundation | 1500 S 1000 W, Logan, UT 84321-8206 | UT | 2013-02 | $62,537 |
| 9 | Utah Motorsports Foundation | 764 W South Temple, Salt Lake City, UT 84104 | UT | 1999-05 | $42,545 |
| 10 | Stan And Sandy Checketts Foundation | 15 South Main, Logan, UT 84321-5809 | UT | 1999-03 | $39,814 |
| 11 | Ladies Community Club | 121 N Highland Blvd, Brigham, UT 84302 | UT | 2014-08 | $2,677 |
| 12 | The Hendrix Foundation | PO BOX 58434, Salt Lake Cty, UT 84158-0434 | UT | 2001-03 | $2,076 |
| 13 | Prosperity Network Foundation | 433 N 1670 W, Lindon, UT 84042 | UT | 2013-10 | $1,374 |
| 14 | Questar Corporation Native American Scholarship Foundation | PO BOX 45433, Salt Lake Cty, UT 84145-0433 | UT | 1999-07 | $1,344 |
| 15 | The Bn Robinson Family Foundation | 2088 E Cottontree Ln, Beaver, UT 84713 | UT | 2006-03 | $55 |
| 16 | Compax Foundation Inc | 12356 S 900 E Ste 105, Draper, UT 84020-9324 | UT | 2005-04 | $0 |
| 17 | Naartjie Kids Foundation | 2369 Orton Cr, Salt Lake City, UT 84119-7679 | UT | 2010-05 | $0 |
| 18 | One World Online Charitable Foundation | 374 E 400 S Ste 3, Springville, UT 84663-1984 | UT | 2000-03 | $0 |
| 19 | Steve & Jill Webber Foundation, Webber Steve | 2410 Entrada Trl Unit 41, St George, UT 84770-6152 | UT | 2003-09 | $0 |
| 20 | Utah Antiques And Art Preservation Action Committee Inc | 405 S Main St Ste 700, Salt Lake Cty, UT 84111-3413 | UT | 2010-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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