Reliance Foundation in Bountiful, 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
| Reliance Foundation | |
| Employer Identification Number (EIN) | 263893669 |
| Name of Organization | Reliance Foundation |
| In Care of Name | Adam A Pike |
| Address | PO BOX 1693, Bountiful, UT 84011-1693 |
| Subsection | Charitable Organization |
| Ruling Date | 10/2009 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $28,868 |
| Amount of Income | $42,768 |
| Form 990 Revenue Amount | $31,475 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Emergency Assistance (Food, Clothing, Cash) |
Non-representatives - add comments:
Amount of income in 2013: $42,768 (it was $157,530 in 2012)
| This organization: | $42,768 |
| Other organizations performing similar types of work: | $61,953 |
Assets in 2013: $28,868 (it was $132,478 in 2012)
| Reliance Foundation: | $28,868 |
| Other organizations performing similar types of work: | $34,253 |
Expenses in 2012: $79,834
| This organization: | $79,834 |
| Other organizations performing similar types of work: | $53,058 |
Income to expenses ratio in 2012: 0.5
| Reliance Foundation: | 0.5 |
| Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2012: 98.8%
| This organization: | 98.8% |
| Other organizations performing similar types of work: | 8.9% |
Revenue for 2012
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 | $131,242 | $1,618 | $1,535 | |
| Contributions, gifts, grants, etc., received | $129,621 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $1,535 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $86 | |||
| Total expenses and disbursements | $79,834 | $6,457 | $0 | $73,377 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $6,457 | $6,457 | $0 | |
| Contributions, gifts, grants paid | $73,377 | |||
| Excess of revenue over expenses and disbursements | $51,408 | |||
| Net investment income | $0 | |||
| Adjusted net income | $1,535 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $132,478 | $131,859 |
| Cash - non-interest-bearing | $90,719 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $41,140 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $619 | |
| Total liabilities | $243 | |
| Mortgages and other notes payable | $0 | |
| Other | $243 | |
| Total liabilities and net assets/fund balances | $132,235 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $86 |
| 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 | $86,531 |
| Net value of noncharitable-use assets | $85,240 |
| Minimum investment return | $4,262 |
| Distributable Amount (for 2012) | |
| Distributable amount | $4,262 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $4,262 |
| 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 | Weaverland Financial Aid | 1601 Lincoln Rd, Lititz, PA 17543-9161 | PA | 2004-06 | $3,271,147 |
| 2 | Richmond Outreach Center Inc | PO BOX 6415, Richmond, VA 23230-0415 | VA | 2001-03 | $2,412,691 |
| 3 | Utah 1033 Foundation | Po Box 4521, Park City, UT 84060 | UT | 2011-09 | $141,251 |
| 4 | Duchesne County Development Corp | PO BOX 1417, Roosevelt, UT 84066-1417 | UT | 2012-01 | $131,906 |
| 5 | Millies Princess Foundation | 8416 S Robidoux Rd, Sandy, UT 84093-1181 | UT | 2013-11 | $130,381 |
| 6 | Weber County Homeless Charitable Trust Fund | 2549 Washington Blvd Ste 120, Ogden, UT 84401-3111 | UT | 2005-04 | $113,002 |
| 7 | Craig Perry Foundation Llc, Marsha C Perry Sole Mbr | 1936 N 325 E, Orem, UT 84057-2272 | UT | 2014-09 | $64,819 |
| 8 | Reliance Foundation | PO BOX 1693, Bountiful, UT 84011-1693 | UT | 2009-10 | $42,768 |
| 9 | Natures Way Family Crisis Fund | 1375 Mountain Springs Pkwy, Springville, UT 84663-3009 | UT | 2007-07 | $21,079 |
| 10 | Team Hill Operation Warm Heart | PO BOX 56068, Hill Afb, UT 84056-0068 | UT | 2006-03 | $16,686 |
| 11 | Buffalo Blessings | 31 North Acorn Dr, North Salt Lake, UT 84054 | UT | 2011-04 | $14,632 |
| 12 | 2ft Prosthetics | 636 South Oakview Lane, Bountiful, UT 84010 | UT | 2011-04 | $0 |
| 13 | 4thought Foundation | 11734 Election Road Ste 200, Draper, UT 84020 | UT | 2011-01 | $0 |
| 14 | 96th Infantry Division Association Heritage Fund | 168 L Street, Salt Lake City, UT 84103 | UT | 2009-11 | $0 |
| 15 | A Voice For The Family Foundation Inc | 4476 Wedgewood Dr, Pleasant Grv, UT 84062-8744 | UT | 2003-06 | $0 |
| 16 | American Indian Relief | 1013 W 575 N, Springville, UT 84663-5640 | UT | 2014-11 | $0 |
| 17 | Bear Foundation Inc | 4476 Wedgewood Dr, Pleasant Grv, UT 84062-8744 | UT | 2003-01 | $0 |
| 18 | Cancer Assistance Fund For Youth Inc | PO BOX 888, Prova, UT 84603-0888 | UT | 2003-01 | $0 |
| 19 | Carol Sumsion Foundation | 1774 Peruvian Circle, Sandy, UT 84093 | UT | 2005-08 | $0 |
| 20 | Eagles Outreach | 975 E Woodoak Ln Ste 200, Salt Lake Cty, UT 84117-7275 | UT | 2013-11 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 5,127 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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