First And Five Foundation Inc in Vestavia, Alabama (AL)
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
| First And Five Foundation Inc | |
| Employer Identification Number (EIN) | 383788832 |
| Name of Organization | First And Five Foundation Inc |
| In Care of Name | Reginald J Torbor |
| Address | 7401 Ridgecrest Court Rd, Vestavia, AL 35242-0526 |
| Subsection | Educational Organization |
| Ruling Date | 11/2008 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $9,412 |
| Amount of Income | $1,000 |
| Form 990 Revenue Amount | $41,866 |
| National Taxonomy of Exempt Entities (NTEE) | Youth Development: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2013: $1,000 (it was $3,833 in 2012)
| First And Five Foundation Inc: | $1,000 |
| Other organizations performing similar types of work: | $57,519 |
Assets in 2013: $9,412 (it was $8,412 in 2012)
| This organization: | $9,412 |
| Other organizations performing similar types of work: | $25,421 |
Expenses in 2012: $1,895
| This organization: | $1,895 |
| Other organizations performing similar types of work: | $39,769 |
Income to expenses ratio in 2012: 0.5
| This organization: | 0.5 |
| Other organizations performing similar types of work: | 22.0 |
Grants share in income in 2012: 98.0%
| First And Five Foundation Inc: | 98.0% |
| Other organizations performing similar types of work: | 98.4% |
Revenue 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 | $3,833 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $3,758 | |||
| 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 | $75 | |||
| Total expenses and disbursements | $1,895 | $0 | $0 | $1,895 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $0 | $0 | $0 | |
| Contributions, gifts, grants paid | $1,895 | |||
| Excess of revenue over expenses and disbursements | $1,938 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $8,412 | $8,412 |
| Cash - non-interest-bearing | $8,412 | |
| 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 | $8,412 | |
| 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 | $7,443 |
| Net value of noncharitable-use assets | $7,340 |
| Minimum investment return | $367 |
| Distributable Amount (for 2012) | |
| Distributable amount | $367 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $367 |
| 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 | $1 | $0 | $0 | $0 | $1 |
| 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 | Ticket To Dream Foundation | PO BOX 7070, Citrus Hts, CA 95621-7070 | CA | 2008-08 | $6,213,385 |
| 2 | Kevin Durant Charity Foundation | 1450 Brickell Avenue 18th Floor, Miami, FL 33131-3444 | FL | 2013-08 | $1,654,220 |
| 3 | Friends Of Sky Ranch Inc | 24657 Cr 448, Van, TX 75790 | TX | 2011-06 | $1,573,810 |
| 4 | Executive Council Charities | 4337 N 32nd Way, Phoenix, AZ 85018-3973 | AZ | 2011-09 | $1,366,541 |
| 5 | Nhl Alumni Association | 111 Westport Plaza Suite 600, St Louis, MO 63146 | MO | 2002-11 | $1,323,497 |
| 6 | Bismarck-Mandan Chamber Foundation | 1640 Burnt Boat Dr, Bismarck, ND 58503 | ND | 2010-07 | $1,224,946 |
| 7 | Leadersup | 2401 Elliott Ave Ste 375, Seattle, WA 98121-3321 | WA | 2014-07 | $1,000,000 |
| 8 | Sharks Foundation | 525 W Santa Clara St, San Jose, CA 95113-1520 | CA | 1996-03 | $962,956 |
| 9 | Mckenzie Noelle Wilson Foundation | 329 Ponte Vedra Blvd, Ponte Vedra, FL 32082-1813 | FL | 2010-10 | $817,718 |
| 10 | Harold Robinson Foundation | 1201 Main Street, Fortuna, CA 95540 | CA | 2009-12 | $749,449 |
| 11 | Virginia Extreme Force Inc, Force | 142 George Washington Hwy N, Chesapeake, VA 23323 | VA | 2006-10 | $704,775 |
| 12 | K2 Adventures Foundation | 8818 S 12th Street, Phoenix, AZ 85042 | AZ | 2010-06 | $693,470 |
| 13 | Skyline Foundation Inc | PO BOX 287, Mentone, AL 35984-0287 | AL | 2003-10 | $36,756 |
| 14 | Widows Mite Foundation | 509 Randolph Ave Se, Huntsville, AL 35801-4125 | AL | 2012-06 | $3,000 |
| 15 | First And Five Foundation Inc | 7401 Ridgecrest Court Rd, Vestavia, AL 35242-0526 | AL | 2008-11 | $1,000 |
| 16 | Ashville High School Alumni Scholarship Fund | 600 Country Club Drive, Gadsden, AL 35901 | AL | 2014-12 | $0 |
| 17 | Central Alabama Best Inc, Central Alabama Best | 173 Lakewood Dr, Scottsboro, AL 35769-6013 | AL | 2014-10 | $0 |
| 18 | Jimmy James D Bulger Enterprises Inc | PO BOX 230785, Montgomery, AL 36123-0785 | AL | 2010-04 | $0 |
| 19 | Lamar County Partnership For Children Inc | PO BOX 643, Vernon, AL 35592-0643 | AL | 2005-01 | $0 |
| 20 | Madison Community Action Team Inc | 137 Steele Dr, Madison, AL 35758-8594 | AL | 2001-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 731 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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