Mike Ross Family Foundation Inc in Coalton, West Virginia (WV)

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Mike Ross Family Foundation Inc
Employer Identification Number (EIN)452045818
Name of OrganizationMike Ross Family Foundation Inc
AddressPO BOX 219, Coalton, WV 26257-0219
SubsectionCharitable Organization
Ruling Date03/2012
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$1,000,000
Amount of Income$1,000,000
Form 990 Revenue Amount$1,000,000
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations


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Amount of income in 2011: $1,000,000
Mike Ross Family Foundation Inc: 

 $1,000,000
Other organizations performing similar types of work: 

 $97,434

Assets in 2011: $1,000,000
Mike Ross Family Foundation Inc: 

 $1,000,000
Other organizations performing similar types of work: 

 $303,611

Financial snapshot ($)

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$1,000,000$0$0
Contributions, gifts, grants, etc., received$1,000,000
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$0$0$0$0
Excess of revenue over expenses and disbursements$1,000,000
Net investment income$0
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$1,000,000$1,000,000
Cash - non-interest-bearing$1,000,000
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$1,000,000
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
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$41,667
Net value of noncharitable-use assets$41,040
Minimum investment return$2,052
Distributable Amount (for 2011)
Distributable amount$2,052
Undistributed Income (for 2011)
Distributable amount for 2011$2,052
Undistributed income for 2011. This amount must be distributed in 2012$2,052
Private Operating Foundations (for 2011)
2011201020092008Total
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
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Brickstreet Foundation Inc400 Quarrier St, Charleston, WV 25301-2010WV2012-08$30,006,811
2Skewes Family FoundationPO BOX 1014, Bluefield, WV 24701-1014WV2006-02$3,560,548
3Ross Foundation Inc200 Star Ave Ste 212, Parkersburg, WV 26101-5459WV2006-05$2,228,111
4Harry Whaley Charitable Trust514 Market St, Parkersburg, WV 26101-5144WV2011-07$1,723,115
5Spartan Foundation166 60th St, Vienna, WV 26105-8002WV2006-06$1,298,168
6Seelinger Family FoundationPO BOX 296, Summersville, WV 26651-0296WV1999-04$1,223,126
7Sara E Blake Charitable Foundation1 Bank Plz, Wheeling, WV 26003-3543WV1999-03$1,057,999
8Mike Ross Family Foundation IncPO BOX 219, Coalton, WV 26257-0219WV2012-03$1,000,000
9Robert And Louise Claflin Foundation IncPO BOX 15, Pt Pleasant, WV 25550-0015WV2009-02$662,326
10Barry A Withrow Foundation300 Capital St Ste 1301, Charleston, WV 25301-1748WV2010-06$176,757
11Jan Chapman Family Foundation Inc250 Dean Dr, Sutton, WV 26601-9550WV2012-02$170,545
12Right Hand Charitable Tr, Ward N Paige Ttee108 Hawksbury Trce, Beckley, WV 25801-2368WV2001-07$142,380
13Segal-Davis Foundation Inc810 Kanawha Blvd E, Charleston, WV 25301-2807WV1999-03$128,079
14Tom & Virginia Seely Foundation2218 Valley Rd, Berkeley Spgs, WV 25411-4602WV1999-03$107,913
15Warren District Volunteer Fire Department Inc5678 Clarksburg Rd, Buckhannon, WV 26201-6195WV2000-03$106,094
16Wheeling Landscape CommissionOglebay Park, Wheeling, WV 26003WV1961-07$45,969
17John And Becky Wright Foundation IncPO BOX 192, Sistersville, WV 26175-0192WV2009-06$44,926
18Amfm Charitable Foundation Inc240 Capitol St Ste 500, Charleston, WV 25301WV2010-02$36,574
19Willy Foundation Inc1412 Sweetbrier Rd, Charleston, WV 25314-1909WV2010-04$31,197
20Taylor Development Group IncPO BOX 428, Grafton, WV 26354-0428WV1999-06$30,684
21Us Wind Force Foundation IncPO BOX 571, Petersburg, WV 26847-0571WV2011-01$30,000
22Jam Family Foundation IncPO BOX 1559, Bluefield, WV 24701-1559WV2011-02$18,666
23Rotary Club Of Shepherdstown Charitable Fund IncPo Box 603, Shepherdstown, WV 25443WV2003-03$5,401
24Scott Reed Family Charitable Foundation1 Damian Rd, Wheeling, WV 26003-6005WV2012-02$4,006
25Mutschelknaus Family Foundation IncPO BOX 351, Salem, WV 26426-0351WV2012-02$1,850
26James Gabriel Family Foundation55 Scott Ave, Morgantown, WV 26508-8853WV2012-04$372
27Five Promises For Children Foundation IncPO BOX 1468, Charleston, WV 25325-1468WV2009-09$230
28Encil Bailey Family Foundation Inc722 Lower Donnally Rd, Charleston, WV 25304-2824WV2011-06$1
29Warner Family FoundationPO BOX 3327, Charleston, WV 25333-3327WV2009-11$1
30Mountain View Athletics AssociationPo Box 73, Union, WV 24983WV2000-07$0
Number of organizations performing similar types of work
Alaska25
Alabama192
Arkansas70
Arizona288
California2,416
Colorado378
Connecticut382
District of Columbia106
Delaware539
Florida1,396
Georgia456
Hawaii80
Iowa165
Idaho53
Illinois1,024
Indiana284
Kansas148
Kentucky156
Louisiana147
Massachusetts669
Maryland401
Maine82
Michigan596
Minnesota362
Missouri307
Mississippi62
Montana62
North Carolina519
North Dakota20
Nebraska159
New Hampshire72
New Jersey843
New Mexico87
Nevada190
New York2,482
Ohio691
Oklahoma217
Oregon198
Pennsylvania1,160
Rhode Island172
South Carolina161
South Dakota27
Tennessee240
Texas1,146
Utah259
Virginia453
Vermont52
Washington359
Wisconsin355
West Virginia66
Wyoming57
International34
Total20,865

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