The Way Out Foundation in Visalia, California (CA)
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
| The Way Out Foundation | |
| Employer Identification Number (EIN) | 770476358 |
| Name of Organization | The Way Out Foundation |
| In Care of Name | William Pine President |
| Address | PO BOX 4333, Visalia, CA 93278-4333 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Care and housing of children (orphanage, etc) |
| Subsection | Charitable Organization |
| Ruling Date | 05/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $287 |
| Amount of Income | $345 |
| Form 990 Revenue Amount | $345 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Public Foundations |
Non-representatives - add comments:
Amount of income in 2012: $345 (it was $0 in 2010)
| This organization: | $345 |
| Other organizations performing similar types of work: | $124,396 |
Assets in 2012: $287 (it was $839 in 2010)
| The Way Out Foundation: | $287 |
| Other organizations performing similar types of work: | $313,863 |
Expenses in 2012: $514
| This organization: | $514 |
| Other organizations performing similar types of work: | $64,100 |
Income to expenses ratio in 2012: 0.7
| The Way Out Foundation: | 0.7 |
| Other organizations performing similar types of work: | 1.5 |
Grants share in income in 2012: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 0.6% |
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 | $345 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $345 | |||
| 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 | $514 | $0 | $0 | $0 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $514 | $0 | $0 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-169 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $287 | $0 |
| Cash - non-interest-bearing | $18 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $269 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $287 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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? | 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 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 | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Tony Patino Fellowship Trust 783352 | PO BOX 1297, New York, NY 10008-1297 | NY | 1997-10 | $1,573,984 |
| 2 | The Kingfisher Foundation | 235 Montgomery St Fl 17, San Francisco, CA 94104-3104 | CA | 1997-10 | $2,767,416 |
| 3 | Western Digital Foundation | 3355 Michelson Dr Ste 100, Irvine, CA 92612-5694 | CA | 1998-02 | $2,639,310 |
| 4 | The Elizabeth Taylor Aids Foundation | 12400 Wilshire Blvd Ste 1275, Los Angeles, CA 90025-1078 | CA | 1992-08 | $1,642,094 |
| 5 | Violich Family Foundation | Four Embarcadero Center, San Francisco, CA 94111-4106 | CA | 1998-08 | $1,459,276 |
| 6 | Sonoma Valley Education Foundation | PO BOX 493, Sonoma, CA 95476-0493 | CA | 1993-10 | $1,317,804 |
| 7 | Roth Family Foundation | 12021 Wilshire Boulevard Room 505, Los Angeles, CA 90025-1206 | CA | 1997-08 | $1,002,605 |
| 8 | Spirit Level Foundation | 6309 Cypress Point Rd, San Diego, CA 92120-3816 | CA | 1998-06 | $662,559 |
| 9 | Sierra View District Hospital Foundation | 465 W Putnam Ave, Porterville, CA 93257-3320 | CA | 1998-01 | $569,127 |
| 10 | Whizin Support Foundation | 6505 Wilshire Blvd Ste 1200, Los Angeles, CA 90048-4960 | CA | 1998-04 | $453,929 |
| 11 | The@gordon And Ruth Doughtery Foundation | PO BOX 7277, Long Beach, CA 90807-0277 | CA | 1997-09 | $275,882 |
| 12 | Rotary Club Of Roseville Foundation | PO BOX 57, Roseville, CA 95661-0057 | CA | 1993-11 | $188,424 |
| 13 | San Diego Tijuana Sister City Society | 3595 Louisiana St, San Diego, CA 92104-4022 | CA | 1994-02 | $82,177 |
| 14 | Orange Cares | 17782 Lewis Lane, Huntington Beach, CA 92647 | CA | 1993-11 | $82,105 |
| 15 | Union Hill School Parent Teachers Club | 11638 Colfax Hwy, Grass Valley, CA 95945-8805 | CA | 1997-08 | $80,285 |
| 16 | Teamsters Joint Council No 38 All Charities Fund | 1225 13th St, Modesto, CA 95354-0909 | CA | 1996-03 | $73,742 |
| 17 | University Of Santo Tomas Medical Alumni Society Southern California | 9070 Irvine Center Drive Unit 145, Irvine, CA 92618 | CA | 1995-03 | $60,575 |
| 18 | Solman And Libe Friedman Foundation | 1010 Woodstock Ln, Ventura, CA 93001-3838 | CA | 1995-09 | $52,616 |
| 19 | Washington Sycip Family Foundation Charitable Tr 041697, Sycip Washington Ttee | 233 Sansome St, San Francisco, CA 94104-2305 | CA | 1997-12 | $37,744 |
| 20 | Ted Roy Charity Foundation | Po Box 455, Lake Arrowhead, CA 92352 | CA | 1994-03 | $27,382 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,101 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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