Holton Foundation in Birmingham, 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
| Holton Foundation | |
| Employer Identification Number (EIN) | 631171619 |
| Name of Organization | Holton Foundation |
| In Care of Name | J Thomas Holton |
| Address | 402 Office Park Dr Ste 201 Ste 100, Birmingham, AL 35223-2435 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 09/1996 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $500,000 to $999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $988,002 |
| Amount of Income | $681,915 |
| Form 990 Revenue Amount | $37,999 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2012: $681,915 (it was $91,749 in 2011)
| Holton Foundation: | $681,915 |
| Other organizations performing similar types of work: | $120,021 |
Assets in 2012: $988,002 (it was $1,010,445 in 2011)
| Holton Foundation: | $988,002 |
| Other organizations performing similar types of work: | $470,342 |
Expenses in 2012: $80,649
| This organization: | $80,649 |
| Other organizations performing similar types of work: | $61,754 |
Income to expenses ratio in 2012: 8.5
| This organization: | 8.5 |
| Other organizations performing similar types of work: | 2.0 |
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 | $58,206 | $58,206 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $27 | |||
| Dividends and interest from securities | $33,556 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $24,623 | |||
| Total expenses and disbursements | $80,649 | $10,649 | $0 | $70,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $10,649 | $10,649 | $0 | |
| Contributions, gifts, grants paid | $70,000 | |||
| Excess of revenue over expenses and disbursements | $-22,443 | |||
| Net investment income | $47,557 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $988,002 | $1,402,465 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $978,252 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $9,750 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $988,002 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $24,623 |
| 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 | $951 |
| Total credits and payments | $1,084 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,084 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $133 |
| Amount to be credited to 2013 estimated tax | $133 |
| 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 | $1,377,688 |
| Net value of noncharitable-use assets | $1,357,020 |
| Minimum investment return | $67,851 |
| Distributable Amount (for 2012) | |
| Distributable amount | $66,900 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $66,900 |
| 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 | The J K Lowder Family Foundation | 5251 Hampstead High St Ste 205, Montgomery, AL 36116-6758 | AL | 1995-06 | $10,898,870 |
| 2 | W D Trippe Trust Inc Rm -655053007 | PO BOX 2886, Mobile, AL 36652-2886 | AL | 1995-04 | $6,726,336 |
| 3 | John H Watson Charitable Foundation | PO BOX 1207, Dothan, AL 36302-1207 | AL | 1998-05 | $5,114,534 |
| 4 | Ernest G Debakey Charitable Foundation | 33561 Boardwalk Dr, Spanish Fort, AL 36527-9064 | AL | 1998-01 | $5,060,435 |
| 5 | Pleiad Foundation | 2140 Warwick Dr, Birmingham, AL 35209-1362 | AL | 1996-03 | $3,488,739 |
| 6 | Mary Elizabeth Stallworth Chairable Foundation | PO BOX 724, Monroeville, AL 36461-0724 | AL | 1996-03 | $2,225,420 |
| 7 | Riverbend Foundation Inc | 635 W College St, Florence, AL 35630-5313 | AL | 1982-03 | $1,734,780 |
| 8 | William Thomas Dawson Family Charitable Foundation | PO BOX 830, Gadsden, AL 35902-0830 | AL | 1997-12 | $566,954 |
| 9 | Trinity Presbyterian School Charitable Tr | 1700 E Trinity Blvd, Montgomery, AL 36106-2810 | AL | 1996-10 | $362,786 |
| 10 | W W Walker Jr & Family Charitable Foundation | 3800 Colonnade Pkwy Ste 500, Birmingham, AL 35243-2300 | AL | 1997-04 | $187,886 |
| 11 | True Vine A Christian Foundation | 280 Vinyard Ln, Eutaw, AL 35462-4101 | AL | 1996-06 | $174,305 |
| 12 | The Hackney Foundation | 1 Metroplex Dr Ste 210, Birmingham, AL 35209-6895 | AL | 1995-04 | $51,615 |
| 13 | Tomberlin Family Foundation | 849 S Three Notch St, Andalusia, AL 36420-5325 | AL | 1996-07 | $10,620 |
| 14 | Kappler Foundation Inc | PO BOX 490, Guntersville, AL 35976-0491 | AL | 1995-03 | $5,000 |
| 15 | Ulay And Edith Wise Charitable Foundation | PO BOX 27, Atmore, AL 36504-0027 | AL | 1998-07 | $2,383 |
| 16 | Sidney & Martha Greenberg Family Foundation Inc | PO BOX 1177, Russellville, AL 35653-1177 | AL | 1995-04 | $1,003 |
| 17 | Wayne Russell Charitable Foundation | PO BOX 250330, Montgomery, AL 36125-0330 | AL | 1996-03 | $773 |
| 18 | The Striplin Foundation | 4132 2nd Ave S, Birmingham, AL 35222-1903 | AL | 1996-02 | $479 |
| 19 | The Druid Foundation Inc | PO BOX 130815, Birmingham, AL 35213-0815 | AL | 1998-03 | $3 |
| 20 | Paul D Ogwynn Educational Endowment Trust | Po Box 27, Atmore, AL 36504 | AL | 1991-11 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,744 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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