Russo Foundation Nicolas Russo Jr in Fountain Hls, Arizona (AZ)
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
- Other organizations in Arizona
| Russo Foundation Nicolas Russo Jr | |
| Employer Identification Number (EIN) | 521594295 |
| Name of Organization | Russo Foundation Nicolas Russo Jr |
| In Care of Name | Theodore M David Esq |
| Address | 15634 E Telegraph Dr, Fountain Hls, AZ 85268-4939 |
| Activities | Gifts, grants, or loans to other organizations, Non financial services of facilities to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 04/1989 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $89,282 |
| Amount of Income | $2,500 |
| Form 990 Revenue Amount | $2,500 |
Non-representatives - add comments:
| 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 | $2,500 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $2,500 | |||
| 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 | $2,500 | $0 | $0 | $2,500 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $0 | $0 | $0 | |
| Contributions, gifts, grants paid | $2,500 | |||
| Excess of revenue over expenses and disbursements | $0 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $89,282 | $89,282 |
| Cash - non-interest-bearing | $89,282 | |
| 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 | $89,282 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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? | No |
| 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 | $90,000 |
| Net value of noncharitable-use assets | $88,640 |
| Minimum investment return | $4,432 |
| Distributable Amount (for 2011) | |
| Distributable amount | $4,432 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $4,432 |
| 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 | $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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| Other organizations in Arizona | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Rubisch Family Foundation | 4170 W 16th Pl, Yuma, AZ 85364-3479 | AZ | 1997-05 | $42,077 |
| 2 | Rudge Foundation | 1525 S Greenfield Rd, Mesa, AZ 85206-3301 | AZ | 2000-12 | $578,860 |
| 3 | Inspire Health Org, Run Drugs Out Of Town Run Inc | 8426 E Shea Blvd, Scottsdale, AZ 85260 | AZ | 2002-05 | $0 |
| 4 | Runnin W Wildlife Center Inc | PO BOX 980, Cornville, AZ 86325-0980 | AZ | 2001-05 | $14,700 |
| 5 | Rural American Assisted Living Facilities Inc | 8381 N Via Linda, Scottsdale, AZ 85258-2810 | AZ | 2002-12 | $15,810 |
| 6 | Rural Improvements & Positive Programs Through Local Efforts | Po Box 110, Littlefield, AZ 86432 | AZ | 2012-09 | $0 |
| 7 | Rural Opportunities Of Arizona Inc | PO BOX 249, San Carlos, AZ 85550-0249 | AZ | 1989-10 | $2,540 |
| 8 | Russ And Carolyn Russo Foundation | 6700 N Oracle Rd Ste 100, Tucson, AZ 85704-7733 | AZ | 2002-06 | $8,250 |
| 9 | Russell And Edna Knapp Foundation Trust | PO BOX 53456, Phoenix, AZ 85072-3456 | AZ | 1984-07 | $35,980 |
| 10 | Russell D Garrett Foundation | 4564 E Camp Lowell Dr, Tucson, AZ 85712-1282 | AZ | 2002-04 | $25,699 |
| 11 | Russo Foundation Nicolas Russo Jr | 15634 E Telegraph Dr, Fountain Hls, AZ 85268-4939 | AZ | 1989-04 | $2,500 |
| 12 | Rustys Morningstar Ranch Inc | PO BOX 759, Cornville, AZ 86325-0759 | AZ | 1981-10 | $610,484 |
| 13 | Ruth Fisher Pto Inc | 38201 W Indian School Rd, Tonopah, AZ 85354-7301 | AZ | 2006-08 | $32,265 |
| 14 | Ruth Tankersley Charitable Trust, Duffield Richard Ttee | 3430 East Sunrise Drive, Tucson, AZ 85718-3237 | AZ | 1994-02 | $39,786,116 |
| 15 | Rving Women | Po Box 1940, Apache Junction, AZ 85117 | AZ | 2006-05 | $270,606 |
| 16 | Ryan House | 110 W Merrill St Floor 1, Phoenix, AZ 85013-4500 | AZ | 2005-02 | $1,454,666 |
| 17 | S & M Corporation | PO BOX 87420, Phoenix, AZ 85080-7420 | AZ | 1980-04 | $2 |
| 18 | Richard A Odom Family Foundation, Arizona Community Foundation | 2201 E Camelback 405b, Phoenix, AZ 85016-3431 | AZ | 1998-01 | $2,034,934 |
| 19 | S Grace Foundation | 5226 E Mountain View Rd, Paradise Vly, AZ 85253-1628 | AZ | 2005-03 | $1,629,674 |
| 20 | S O H I | 5930 W Greenway Rd Ste 10, Glendale, AZ 85306-3296 | AZ | 1995-09 | $1 |
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