Potash Family Foundation in Jackson, Wyoming (WY)
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
| Potash Family Foundation | |
| Employer Identification Number (EIN) | 830315127 |
| Name of Organization | Potash Family Foundation |
| In Care of Name | Warren Potash |
| Address | PO BOX 1845, Jackson, WY 83001-1845 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 03/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $85,108 |
| Amount of Income | $34,298 |
| Form 990 Revenue Amount | $14,996 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2010: $34,298 (it was $14,996 in 2011)
| Potash Family Foundation: | $34,298 |
| Other organizations performing similar types of work: | $120,160 |
Assets in 2010: $85,108 (it was $150 in 2011)
| Potash Family Foundation: | $85,108 |
| Other organizations performing similar types of work: | $450,518 |
Expenses in 2011: $114,918
| This organization: | $114,918 |
| Other organizations performing similar types of work: | $61,287 |
Income to expenses ratio in 2011: 0.3
| This organization: | 0.3 |
| Other organizations performing similar types of work: | 7.3 |
Grants share in income in 2011: 0.0%
| Potash Family Foundation: | 0.0% |
| Other organizations performing similar types of work: | 8.9% |
Revenue for 2011
Expenses 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 | $14,996 | $14,996 | $2,683 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $1,073 | |||
| Dividends and interest from securities | $1,610 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $12,313 | |||
| Total expenses and disbursements | $114,918 | $0 | $0 | $114,796 |
| Compensation of officers, directors, trustees, etc. | $5,040 | |||
| Total operating and administrative expenses | $114,918 | $0 | $114,796 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-99,922 | |||
| Net investment income | $14,996 | |||
| Adjusted net income | $2,683 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $150 | $150 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $150 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $150 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $12,313 |
| 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 | $150 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $150 |
| 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? | Yes |
| 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 | $66,760 |
| Net value of noncharitable-use assets | $65,760 |
| Minimum investment return | $3,288 |
| Distributable Amount (for 2011) | |
| Distributable amount | $0 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $0 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $2,683 | $5,427 | $6,514 | $11,945 | $26,569 |
| Qualifying distributions made directly for active conduct of exempt activities | $114,796 | $30,933 | $54,689 | $355,378 | $555,796 |
| Value of all assets | $1 | $0 | $0 | $0 | $1 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $2,192 | $3,951 | $4,343 | $9,546 | $20,032 |
| 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 | The Patterson Foundation | 2 N Tamiami Trl Ste 206, Sarasota, FL 34236-5585 | FL | 1997-04 | $75,305,780 |
| 2 | Wallace H Coulter Foundation | 790 Nw 107th Ave Ste 215, Miami, FL 33172-3158 | FL | 1997-07 | $64,864,567 |
| 3 | Andrew Allen Charitable Foundation, Adams A A Allen W Ver Brugge Ttees | PO BOX 87, Cheyenne, WY 82003-0087 | WY | 1997-11 | $8,227,097 |
| 4 | Richardson Family Foundation | PO BOX 4007, Cheyenne, WY 82003-4007 | WY | 1995-05 | $2,517,372 |
| 5 | Thomas M Evans Jr Foundation, Evans Thomas M & Tania G Ttees | 6805 W Trail Creek County Rd 259, Wilson, WY 83014 | WY | 1998-03 | $1,342,241 |
| 6 | Skilling Foundation | 212 Arapahoe Drive, Saratoga, WY 82331 | WY | 1997-08 | $875,996 |
| 7 | Tate Charitable Foundation | PO BOX 2750, Casper, WY 82602-2750 | WY | 1995-12 | $632,559 |
| 8 | Woodson Family Foundation | PO BOX 7040, Sheridan, WY 82801-7001 | WY | 1998-07 | $517,703 |
| 9 | Newton Family Fund | PO BOX 2554, Jackson, WY 83001-2554 | WY | 1998-09 | $492,679 |
| 10 | Alma G Goppart Memorial Fund | 2200 E Lincolnway, Cheyenne, WY 82001-5133 | WY | 1998-07 | $302,743 |
| 11 | Cheramy Foundation | PO BOX 30000 PMB 501, Jackson, WY 83002-0600 | WY | 1995-08 | $209,015 |
| 12 | Community Foundation Donor Directed Fund | PO BOX 574, Jackson, WY 83001-0574 | WY | 1995-08 | $150,939 |
| 13 | Big Horn County Library Foundation | C/O BECKY HAWKINS DIRECTOR PO BOX 231, Basin, WY 82410 | WY | 1997-04 | $86,539 |
| 14 | Friends Of The Albany County Public Library | 310 S 8th St, Laramie, WY 82070-3969 | WY | 1992-02 | $47,254 |
| 15 | Potash Family Foundation | PO BOX 1845, Jackson, WY 83001-1845 | WY | 1997-03 | $34,298 |
| 16 | Agape Foundation | PO BOX 985, Jackson, WY 83001-0985 | WY | 1998-05 | $11,971 |
| 17 | Thomas A & Diann G Mann Foundation | PO BOX 8129, Jackson, WY 83002-8129 | WY | 1998-04 | $9,243 |
| 18 | Fait Foundation | PO BOX 93, Wheatland, WY 82201-0093 | WY | 1998-08 | $1,676 |
| 19 | Robert P And Jennifer M Giese Family Foundation | PO BOX 4277, Bedford, WY 83112-0277 | WY | 1997-02 | $943 |
| 20 | Schuchert Foundation | 1949 Sugarland Dr Ste 250, Sheridan, WY 82801-5764 | WY | 1997-11 | $6 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 5,225 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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