Kumin Foundation in Anchorage, Alaska (AK)
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
| Kumin Foundation | |
| Employer Identification Number (EIN) | 203388611 |
| Name of Organization | Kumin Foundation |
| In Care of Name | Linda Kumin |
| Address | 4572 Sandy Beach Drive No 3, Anchorage, AK 99502-2733 |
| Subsection | Charitable Organization |
| Ruling Date | 11/2006 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $100,000 to $499,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $320,640 |
| Amount of Income | $8,036 |
| Form 990 Revenue Amount | $3,463 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2012: $8,036 (it was $3,463 in 2011)
| This organization: | $8,036 |
| Other organizations performing similar types of work: | $103,138 |
Assets in 2012: $320,640 (it was $304,716 in 2011)
| This organization: | $320,640 |
| Other organizations performing similar types of work: | $338,623 |
Expenses in 2012: $10,857
| Kumin Foundation: | $10,857 |
| Other organizations performing similar types of work: | $46,867 |
Income to expenses ratio in 2012: 0.7
| This organization: | 0.7 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 0.0%
| Kumin Foundation: | 0.0% |
| Other organizations performing similar types of work: | 79.6% |
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 | $4,433 | $4,732 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $336 | |||
| Dividends and interest from securities | $4,396 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $10,857 | $3,477 | $0 | $7,380 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $5,857 | $3,477 | $2,380 | |
| Contributions, gifts, grants paid | $5,000 | |||
| Excess of revenue over expenses and disbursements | $-6,424 | |||
| Net investment income | $1,255 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $320,640 | $320,640 |
| 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 | $217,854 | |
| Other | $102,786 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $320,640 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-299 |
| 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 | $25 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $25 |
| 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? | Yes |
| 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 | $299,545 |
| Net value of noncharitable-use assets | $295,060 |
| Minimum investment return | $14,753 |
| Distributable Amount (for 2012) | |
| Distributable amount | $14,728 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $14,728 |
| 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 | Sean N Parker Foundation | 314 Lytton Avenue No 200, Palo Alto, CA 94301-1430 | CA | 2011-08 | $432,036,012 |
| 2 | Schmidt Science And Philanthropic Foundation | 555 Bryant St Num 374, Palo Alto, CA 94301-1704 | CA | 2014-09 | $361,983,271 |
| 3 | W M Keck Foundation | 550 South Hope Street, Los Angeles, CA 90071-2627 | CA | 1959-04 | $344,489,762 |
| 4 | Steven A And Alexandra M Cohen Foundation Inc | PO BOX 142, Greenwich, CT 06836-0142 | CT | 2001-10 | $276,350,188 |
| 5 | The Susan Thompson Buffett Foundation | 3555 Farnam St Ste 222, Omaha, NE 68131-3302 | NE | 1964-12 | $257,356,070 |
| 6 | Robert A Welch Foundation 062491 | 5555 San Felipe St Ste 1900, Houston, TX 77056-2730 | TX | 1991-09 | $257,222,948 |
| 7 | Paulson Family Foundation | 1251 Avenue Of The Americas 50th, New York, NY 10020 | NY | 2009-09 | $250,244,356 |
| 8 | William Davidson Foundation | 2 Towne Sq Ste 905, Southfield, MI 48076-3726 | MI | 2006-10 | $196,471,270 |
| 9 | Agape Tou Abba Foundation | 10812 Chatham Ct N, Burnsville, MN 55337-1092 | MN | 2011-02 | $194,130,654 |
| 10 | William And Sue Gross Family Foundation | PO BOX 15014, Albany, NY 12212-5014 | NY | 2003-09 | $179,207,954 |
| 11 | Ghr Foundation | 10350 Bren Rd W, Minnetonka, MN 55343-9014 | MN | 2013-08 | $175,530,770 |
| 12 | Helen E Snedden Foundation, Virginia N Farmier Ttee | PO BOX 70432, Fairbanks, AK 99707-0432 | AK | 2014-07 | $2,498,718 |
| 13 | Drt Fund, Fire Fund For Indigenous Rights Env | PO BOX 460, Cordova, AK 99574-0460 | AK | 2003-10 | $297,920 |
| 14 | John C Hughes Foundation Inc | 500 West 36th Avenue Ste 200, Anchorage, AK 99503-5805 | AK | 2008-08 | $105,970 |
| 15 | Curtis-Meares Foundation | PO BOX 9, Ester, AK 99725-0009 | AK | 2000-06 | $94,180 |
| 16 | Sonbeam Foundation Inc | PO BOX 1938, Kodiak, AK 99615-1938 | AK | 2004-10 | $50,250 |
| 17 | Dan And Gwen Ramras Charitable Tr, Ramras Dan Ttee | 2829 Chief William Dr Apt 8, Fairbanks, AK 99709-4871 | AK | 2008-08 | $11,548 |
| 18 | Kumin Foundation | 4572 Sandy Beach Drive No 3, Anchorage, AK 99502-2733 | AK | 2006-11 | $8,036 |
| 19 | Nicole Laurel Cuddy Foundation Inc | 1900 Stanford Dr, Anchorage, AK 99508-4456 | AK | 2003-03 | $6,911 |
| 20 | Chinook Foundation | PO BOX 340, Gustavus, AK 99826-0340 | AK | 2012-05 | $6,500 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 20,448 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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