Hooker Educational Foundation in Martinsville, Virginia (VA)
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 Virginia
| Hooker Educational Foundation | |
| Employer Identification Number (EIN) | 541583948 |
| Name of Organization | Hooker Educational Foundation |
| In Care of Name | Bb&t |
| Address | PO BOX 4708, Martinsville, VA 24115-4708 |
| Activities | Scholarships for children of employees |
| Subsection | Charitable Organization |
| Ruling Date | 12/1991 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $2,230,667 |
| Amount of Income | $2,498,688 |
| Form 990 Revenue Amount | $367,294 |
Non-representatives - add comments:
Revenue for 2011
Expenses for 2011
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 | $367,294 | $338,069 | $127,854 | |
| Contributions, gifts, grants, etc., received | $29,225 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $62,439 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $275,630 | |||
| Total expenses and disbursements | $78,354 | $27,204 | $0 | $49,250 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $29,104 | $27,204 | $0 | |
| Contributions, gifts, grants paid | $49,250 | |||
| Excess of revenue over expenses and disbursements | $288,940 | |||
| Net investment income | $310,865 | |||
| Adjusted net income | $127,854 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,230,667 | $2,042,471 |
| Cash - non-interest-bearing | $83,717 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $883,176 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $1,263,774 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $2,230,667 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $275,630 |
| 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 | $6,217 |
| Total credits and payments | $925 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $925 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $11 |
| Tax due | $5,303 |
| 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? | Yes |
| 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 | $2,121,748 |
| Net value of noncharitable-use assets | $2,089,920 |
| Minimum investment return | $104,496 |
| Distributable Amount (for 2011) | |
| Distributable amount | $103,529 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $103,529 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $103,529 |
| 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 |
| Write your review! |
|
|
| Recently Added Reviews |
Young Presidents Organization Inc, Ypo Northern Virginia Chapter Inc in Newport News, VA
  |
| Mountain Tails Animal Rescue in Dublin, VA |
|
The Mcclinton Foundation in Covington, VA
|
|
Cooper Trash Parkout Inc in Mclean, VA
|
|
Virginia Beach Policemens Benevolent Association Inc in Virginia Bch, VA
|
| Charlotte County Farm Bureau in Charlotte C H, VA |
| Carol W Pruner Charitable Remainder Unitrust, Pruner Todd W & Carol W Pruner Ttee in Roanoke, VA |
|
Kempsville Volunteer Rescue Squad in Virginia Bch, VA
|
|
Dulles South Food Pantry in Dulles, VA
|
|
Pomegranate Library Inc in Virginia Beach, VA
|
| Other organizations in Virginia | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Homeschool Sportsnet Incorporated | 153 Old Linden Rd, Linden, VA 22642-5352 | VA | 2005-10 | $69,288 |
| 2 | Homestretch Inc | 303 S Maple Ave 400, Falls Church, VA 22046-4263 | VA | 1998-07 | $2,738,833 |
| 3 | Hometown Family Education Fund In Memory Of Roy And Lynn Rogers Inc | 9245 Shady Grove Rd Ste 200, Mechanicsvlle, VA 23116-2893 | VA | 2005-01 | $30 |
| 4 | Hometown Heroes Charitable Foundation Inc, Charles R Thornton | 2181 Landstown Rd, Virginia Bch, VA 23456-8064 | VA | 2008-11 | $20,341 |
| 5 | Hometown Strasburg Inc | P O Box 366, Strasburg, VA 22657 | VA | 2008-01 | $19,845 |
| 6 | Homeward | 1125 Commerce Rd, Richmond, VA 23224-7505 | VA | 2004-09 | $996,268 |
| 7 | Homeward Trails Animal Rescue Incorporated | 11116 Fairfax Station Rd, Fairfax Sta, VA 22039-1016 | VA | 2003-10 | $718,926 |
| 8 | Honduran Missions Inc | 2797 Country Rd, Saxe, VA 23967-5909 | VA | 2000-07 | $20,077 |
| 9 | Honeytree Foundation Inc | 418 First St, Roanoke, VA 24011-1920 | VA | 2000-06 | $28,607 |
| 10 | Hoofbeats Therapeutic Riding Center Inc | PO BOX 979, Lexington, VA 24450-0979 | VA | 1994-03 | $116,317 |
| 11 | Hooker Educational Foundation | PO BOX 4708, Martinsville, VA 24115-4708 | VA | 1991-12 | $2,498,688 |
| 12 | Hooker Foundation | PO BOX 191, Danville, VA 24543-0191 | VA | 1969-11 | $268,418 |
| 13 | Hooker Furniture Corporation Employee Benefit Trust | 440 Commonwealth Blvd E, Martinsville, VA 24112-2040 | VA | 2004-10 | $6,034,495 |
| 14 | Hoop Madness | 705 Inlet Quay Apt H, Chesapeake, VA 23320-9295 | VA | 2006-10 | $8,200 |
| 15 | Hoops For Youth | 3930 Walnut St, Fairfax, VA 22030-4738 | VA | 2009-03 | $248,579 |
| 16 | Hope 4 Help | 5114 W Hundred Rd, Chester, VA 23831-4111 | VA | 2002-08 | $1,782 |
| 17 | Hope Aglow Ministries | PO BOX 10157, Lynchburg, VA 24506-0157 | VA | 1972-05 | $436,764 |
| 18 | Hope Charitable Services Inc | PO BOX 7816, Portsmouth, VA 23707-0816 | VA | 1989-05 | $222,416 |
| 19 | Hope Community Builders | 289 Jericho Rd, Rockingham, VA 22801-7615 | VA | 1998-04 | $828,427 |
| 20 | Hope Community Development | 6823 Harrison Road, Fredericksburg, VA 22407-6491 | VA | 2005-08 | $0 |
Organization representatives - add corrected or new information about Hooker Educational Foundation »
Non-representatives - add comments about Hooker Educational Foundation»