The Sarkowsky Family Charitable Foundation in Seattle, Washington (WA)
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 Washington
| The Sarkowsky Family Charitable Foundation | |
| Employer Identification Number (EIN) | 911479527 |
| Name of Organization | The Sarkowsky Family Charitable Foundation |
| In Care of Name | Herman Sarkowsky Vice-Pres |
| Address | 1201 3rd Ave Ste 5450, Seattle, WA 98101-3018 |
| Activities | Community Chest, United Way, etc. |
| Subsection | Charitable Organization |
| Ruling Date | 11/1993 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $991,327 |
| Amount of Income | $718,056 |
| Form 990 Revenue Amount | $86,865 |
Non-representatives - add comments:
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 | $358,717 | $349,954 | $0 | |
| Contributions, gifts, grants, etc., received | $8,763 | |||
| Interest on savings and temporary cash investments | $7,822 | |||
| Dividends and interest from securities | $29,298 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $312,834 | |||
| Total expenses and disbursements | $661,681 | $5,109 | $0 | $655,307 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $6,774 | $5,109 | $400 | |
| Contributions, gifts, grants paid | $654,907 | |||
| Excess of revenue over expenses and disbursements | $-302,964 | |||
| Net investment income | $344,845 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $932,146 | $1,007,859 |
| Cash - non-interest-bearing | $54,226 | |
| Investments-U.S. and state government obligations | $73,603 | |
| Investments-corporate stock | $706,146 | |
| Investments-corporate bonds | $97,717 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $454 | |
| Total liabilities | $1,245,000 | |
| Mortgages and other notes payable | $1,245,000 | |
| Total liabilities and net assets/fund balances | $-312,854 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $312,834 |
| 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 | $3,448 |
| Total credits and payments | $830 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $0 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $830 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $19 |
| Tax due | $2,637 |
| 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? | Yes |
| 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 | $988,083 |
| Net value of noncharitable-use assets | $973,260 |
| Minimum investment return | $48,663 |
| Distributable Amount (for 2012) | |
| Distributable amount | $45,215 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $45,215 |
| 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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| Other organizations in Washington | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Reading Foundation, Mid-Columbia Childrens Reading | 201 S Garfield St, Kennewick, WA 99336-3839 | WA | 2001-07 | $574,948 |
| 2 | The Reading Foundation, South Sound Childrens Reading Found | 305 College St Ne, Lacey, WA 98516-5390 | WA | 2001-07 | $101,261 |
| 3 | The Red Cabin Foundation Trust, Goodfellow J Stephen And Tamar Ttee | PO BOX 598, Wenatchee, WA 98807-0598 | WA | 2010-04 | $261,415 |
| 4 | The Rei Foundation | PO BOX 1938, Sumner, WA 98390-0800 | WA | 1994-02 | $2,802,580 |
| 5 | The Rhodena | 12 E 5th Ave, Spokane, WA 99202-1309 | WA | 1946-03 | $43,479 |
| 6 | The Rosebraugh Charitable Trust | 1601 Nw Deerfern St, Camas, WA 98607-9476 | WA | 2002-09 | $226,638 |
| 7 | The Rotary Club Of Clover Park Charities Fund | 28 Silver Beach Dr, Steilacoom, WA 98388-1506 | WA | 1984-07 | $42,587 |
| 8 | The Rotary Club Of Snoqualmie Valley | PO BOX 1463, North Bend, WA 98045-1463 | WA | 2005-03 | $86,417 |
| 9 | The San Juan Island Lions Foundation | 425 Caines St Suite A, Friday Harbor, WA 98250-8001 | WA | 2005-09 | $28,305 |
| 10 | The Sanford Foundation | 9248 Se 59th St, Mercer Island, WA 98040-5021 | WA | 1983-06 | $12,003 |
| 11 | The Sarkowsky Family Charitable Foundation | 1201 3rd Ave Ste 5450, Seattle, WA 98101-3018 | WA | 1993-11 | $718,056 |
| 12 | The Schaub Foundation | 8224 S Regal Rd, Spokane, WA 99223-9540 | WA | 1988-09 | $21,520 |
| 13 | The Schneebeck Foundation | 3 Sw 3 Tree Point Ln, Burien, WA 98166-3137 | WA | 2000-02 | $133,603 |
| 14 | The Seattle Police Management Association | 2949 4th Ave S, Seattle, WA 98134-1914 | WA | 1985-11 | $73,768 |
| 15 | The Shorewood Boosters | 20104 18th Ave Nw, Shoreline, WA 98177-2210 | WA | 1985-01 | $132,821 |
| 16 | The Soos Creek Botanical Garden Foundation | 29308 132nd Ave Se, Auburn, WA 98092-2141 | WA | 2010-04 | $267,505 |
| 17 | The Spokane Club, Spokane Athletic Club | 1002 W Riverside Ave, Spokane, WA 99201-1104 | WA | 1980-04 | $8,812,857 |
| 18 | Spokane Girls' Fastpitch Softball Assoc | PO BOX 10326, Spokane, WA 99209-1326 | WA | 1994-11 | $0 |
| 19 | The Stars Foundation Of Thurston County | PO BOX 12600, Olympia, WA 98508-2600 | WA | 2002-03 | $140,932 |
| 20 | The Stone Flower Foundation, Marcia P Ellsworth Vice President | 3910 96th Ave Se, Mercer Island, WA 98040-3706 | WA | 2006-10 | $22,538 |
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