Volgenau Foundation in Mclean, Virginia (VA)

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Volgenau Foundation
Employer Identification Number (EIN)541738281
Name of OrganizationVolgenau Foundation
In Care of NameErnst Volgenau
Address8300 Greensboro Dr Ste 1025, Mclean, VA 22102-3621
ActivitiesLand acquisition for preservation
SubsectionCharitable Organization
Ruling Date08/1995
DeductibilityContributions are deductible
FoundationPrivate operating foundation (other)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1,000,000 to $4,999,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$1,576,901
Amount of Income$335,075
Form 990 Revenue Amount$4,915
National Taxonomy of Exempt Entities (NTEE)Environmental Quality, Protection and Beautification: Land Resources Conservation


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Amount of income in 2013: $335,075 (it was $602,472 in 2012)
This organization: 

 $335,075
Other organizations performing similar types of work: 

 $59,721

Assets in 2013: $1,576,901 (it was $1,824,024 in 2012)
Volgenau Foundation: 

 $1,576,901
Other organizations performing similar types of work: 

 $449,287

Expenses in 2013: $333,053
Volgenau Foundation: 

 $333,053
Other organizations performing similar types of work: 

 $41,751

Income to expenses ratio in 2013: 1.0
Volgenau Foundation: 

 1.0
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2013: 98.5%
This organization: 

 98.5%
Other organizations performing similar types of work: 

 80.8%

Financial snapshot ($)

Revenue for 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$335,075$5,075$5,075
Contributions, gifts, grants, etc., received$330,000
Interest on savings and temporary cash investments$34
Dividends and interest from securities$321
Gross rents$4,720
Gross sales price for all assets$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$333,053$2,101$2,101$322,834
Compensation of officers, directors, trustees, etc.$127,976
Pension plans, employee benefits$5,253
Legal fees$4,130
Accounting fees$18,660
Interest$17
Depreciation$6,170
Occupancy$38,577
Travel, conferences, and meetings$6,481
Printing and publications$0
Total operating and administrative expenses$263,053$2,101$252,834
Contributions, gifts, grants paid$70,000
Excess of revenue over expenses and disbursements$2,022
Net investment income$2,974
Adjusted net income$2,974
Balance Sheets
20122013
Book ValueFair Market ValueBook ValueFair Market Value
Total assets$1,824,024$1,824,024$1,576,901$1,576,901
Cash - non-interest-bearing$0$0
Investments-U.S. and state government obligations$0$0
Investments-corporate stock$13,783$19,423
Investments-corporate bonds$0$0
Investments-mortgage loans$0$0
Investments-other$0$0
Other assets$2,500$26,230
Total liabilities$6,433$31,737
Mortgages and other notes payable$0$0
Other liabilities$0$23,730
Total liabilities and net assets/fund balances$1,817,591$1,545,164
Capital Gains and Losses for Tax on Investment Income
20122013
Capital gain net income$0$0
Net capital loss$0$0
Excise Tax Based on Investment Income
20122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNo
Tax based on investment income$36$30
Total credits and payments$0$0
Any penalty for underpayment of estimated tax$0$0
Tax due$36$30
Overpayment$0$0
Amount to be credited to next year's estimated tax$0$0
Statements Regarding Activities
20122013
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?NoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?YesYes
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
20122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?YesYes
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNo
Agree to pay money or property to a government official?NoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNo
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)?NoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
20122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$596,802$575,056
Net value of noncharitable-use assets$587,850$566,430
Minimum investment return$29,393$28,322
Distributable Amount
20122013
Distributable amount$0$0
Undistributed Income
20122013
Distributable amount for this year$0$0
Undistributed income for this year. This amount must be distributed in the next year$0$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
The lesser of the adjusted net income or the minimum investment return$2,974$3,374$3,637$4,904$14,889
Qualifying distributions made directly for active conduct of exempt activities$302,035$308,748$482,327$50,000$1,143,110
Value of all assets$20,799$19,348$27,182$86,347$153,676
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$18,881$9,088$19,595$62,825$110,389
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
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$34$0
Dividends and interest from securities$321$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Piedmont Environmental Council45 Horner St, Warrenton, VA 20186-3415VA1973-05$9,514,492
2White Earth Land Recovery Project607 Main Ave, Callaway, MN 56521-2120MN1994-07$929,575
3Westport Land Conservation Trust IncPO BOX 3975, Westport, MA 02790-0298MA1972-09$828,408
4Tri County Landfill Association Inc24978 349th Ave, Pukwana, SD 57370-6422SD1993-10$764,661
5Volgenau Foundation8300 Greensboro Dr Ste 1025, Mclean, VA 22102-3621VA1995-08$335,075
6Salem Preservation SocietyPo Box 1034, Salem, OH 44460OH1994-03$181,483
7Foundation For Ada Canyon Trail Systems Inc5657 Warm Springs Avenue, Boise, ID 83716ID1994-06$103,050
8Tsalteshi Trail Association IncPo Box 4076, Soldotna, AK 99669AK1997-01$60,940
9School Of Living215 Julian Woods Ln, Julian, PA 16844-8617PA1959-10$50,266
10Amador Land Trust, Mother Lode Land TrustPo Box 1435, Jackson, CA 95642CA1991-07$45,496
11Somerset Woods TrusteesPO BOX 833, Skowhegan, ME 04976-0833ME1996-08$41,125
12Snake River Conservancy FoundationPO BOX 208, Moose, WY 83012-0208WY1995-12$12,500
13Big Sandy Land FoundationPO BOX 1475, Grundy, VA 24614-1475VA1998-10$500
14Strawvalley Foundation Inc11653 Nc 62 S Oak Ct, Burlington, NC 27217NC1995-09$285
15Trust For Wildland Communities1792 Beans Bight Re Ne, Bainbridge Island, WA 98110WA1996-11$10
16Wharf IncPO BOX 2184, Gearhart, OR 97138-2184OR1998-03$1
17Access Fund Land FoundationPo Box 17010, Boulder, CO 80308CO1992-08$0
18Bluff Swamp Wildlife Refuge & Botanical Garden Inc35019 Alligator Bayou Rd, Prairieville, LA 70769-3001LA1995-10$0
19Forest & Agricultural Reserve ManagementSunrise Asst Living 242 W Market St, Leesburg, VA 20176VA1997-04$0
20Jeb Stuart Birthplace Preservation Trust IncPost Office Box 1140, Stuart, VA 24171-1140VA1991-08$0
Number of organizations performing similar types of work
Alaska1
Alabama2
California8
Colorado4
Connecticut3
Delaware1
Florida1
Georgia1
Hawaii1
Iowa2
Idaho1
Illinois3
Indiana1
Kentucky3
Louisiana2
Massachusetts7
Maryland3
Maine3
Minnesota4
Missouri2
North Carolina2
Nebraska1
New Hampshire3
New Jersey3
New York7
Ohio4
Oklahoma1
Oregon3
Pennsylvania4
Rhode Island1
South Carolina1
South Dakota1
Texas1
Virginia5
Vermont2
Washington3
Wisconsin2
West Virginia1
Wyoming2
International1
Total101

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