Exodus Trust in San Francisco, California (CA)

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Exodus Trust
Employer Identification Number (EIN)946333425
Name of OrganizationExodus Trust
Address1523 Franklin St, San Francisco, CA 94109-4522
SubsectionCharitable Organization
Ruling Date10/1973
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000,000 to $49,999,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$28,719,966
Amount of Income$395,282
Form 990 Revenue Amount$395,282
National Taxonomy of Exempt Entities (NTEE)International, Foreign Affairs and National Security: Research Institutes and/or Public Policy Analysis


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Amount of income in 2013: $395,282
This organization: 

 $395,282
Other organizations performing similar types of work: 

 $645,057

Assets in 2013: $28,719,966
Exodus Trust: 

 $28,719,966
Other organizations performing similar types of work: 

 $269,912

Expenses in 2012: $447,091
Exodus Trust: 

 $447,091
Other organizations performing similar types of work: 

 $598,427

Income to expenses ratio in 2012: 0.9
This organization: 

 0.9
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2007: 48.1%
Exodus Trust: 

 48.1%
Other organizations performing similar types of work: 

 81.7%

Number of employees in 2012: 4
This organization: 

 4
Other organizations performing similar types of work: 

 4

Grants share in income in 2012: 8.0%
Exodus Trust: 

 8.0%
Other organizations performing similar types of work: 

 98.8%

Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$244,360
Contributions, Gifts, Grants and Other Similar Amounts$19,544
Program Service Revenue$218,987
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0
Income from investment of tax-exempt bond proceeds$0
Royalties$5,829
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$447,091
Compensation of current officers, directors, trustees, and key employees$144,283
Other salaries and wages$23,700
Payroll taxes$15,024
Professional fundraising services$0
Other$264,084
Balance Sheet (for 2012)
Total assets$29,084,721
Total liabilities$532,728
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$532,728
Total net assets or fund balances$28,551,993
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20062007
Total revenue$18,212,256$537,805
Contributions, gifts, grants, and similar amounts received$17,865,614$226,708
Contributions to donor advised funds$0$0
Direct public support$17,865,614$226,708
Indirect public support$0$0
Government contributions (grants)$0$0
Program service revenue including government fees and contracts$345,524$310,726
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$398$176
Dividends and interest from securities$0$0
Net rental income or (loss)$0$0
Gross rents$0$0
Less: rental expenses$0$0
Other investment income$0$0
Gain or (loss) from sales of assets other than inventory$0$0
Gross amount from sales of assets other than inventory$0$0
Less: cost or other basis and sales expenses$0$0
Net income or (loss) from special events and activities$0$0
Gross revenue$0$0
Less: direct expenses other than fundraising expenses$0$0
Gross profit or (loss) from sales of inventory$720$195
Gross sales of inventory, less returns and allowances$784$245
Less: cost of goods sold$64$50
Other revenue$0$0
Total expenses$385,542$533,931
Program services$185,638$257,084
Management and general$192,769$266,966
Fundraising$7,135$9,881
Payments to affiliates$0$0
Net assets or fund balances at end of year$28,909,565$28,913,439
Excess or (deficit) for the year$17,826,714$3,874
Net assets or fund balances at beginning of year$11,082,851$28,909,565
Other changes in net assets or fund balances$0$0
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$533,931$257,084$266,966$9,881
Grants paid from donor advised funds$0
Other grants and allocations$3,004
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$138,675$66,770$69,338$2,567
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$25,201$12,134$12,601$466
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$9,600$4,622$4,800$178
Payroll taxes$14,668$7,063$7,334$271
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$0$0$0$0
Telephone$11,381$5,480$5,690$211
Postage and shipping$400$193$200$7
Occupancy$16,800$8,089$8,400$311
Equipment rental and maintenance$2,640$1,271$1,320$49
Printing and publications$0$0$0$0
Travel$900$433$450$17
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$189,172$91,086$94,586$3,500
Other expenses not covered above$121,490$56,939$62,247$2,304
Balance Sheets
20062007
Total assets$28,932,216$28,913,439
Cash - non-interest-bearing$0$0
Savings and temporary cash investments$21,722$894
Accounts receivable less allowance for doubtful accounts$51,921$54,563
Pledges receivable less allowance for doubtful accounts$0$0
Grants receivable$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0
Inventories for sale or use$2,250$2,200
Prepaid expenses and deferred charges$4,679$0
Investments - publicly-traded securities$0$0
Investments - other securities$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0
Investments - other$132,918$324,608
Land, buildings, and equipment less accumulated depreciation$28,123,015$28,157,756
Other assets, including program-related investments$595,711$373,418
Total liabilities$22,651$0
Accounts payable and accrued expenses$8,927$0
Grants payable$0$0
Deferred revenue$0$0
Loans from officers, directors, trustees, and key employees$11,583$0
Tax-exempt bond liabilities$0$0
Mortgages and other notes payable$0$0
Other liabilities$2,141$0
Total liabilities and net assets/fund balances$28,932,216$28,913,439
Total net assets or fund balances$28,909,565$28,913,439
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20062007
Total revenue$18,212,256$537,805
Total revenue, gains, and other support per audited financial statements$18,212,256$537,805
Other expenses$0$0
Net unrealized gains on investments$0$0
Donated services and use of facilities$0$0
Recoveries of prior year grants$0$0
Other$0$0
Other revenue$0$0
Investment expenses$0$0
Other$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20062007
Total expenses$385,542$533,931
Total expenses and losses per audited financial statements$385,542$533,931
Other revenue$0$0
Donated services and use of facilities$0$0
Prior year adjustments$0$0
Losses$0$0
Other$0$0
Other expenses$0$0
Investment expenses$0$0
Other$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
10$17,765$0$0
35$61,660$0$0
10$21,900$0$0
20$37,350$0$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings4
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$195$0$310,902
Program service revenue
Program service revenue 1000000$000$0$98,555
Program service revenue 2000000$000$0$92,500
Program service revenue 3000000$000$0$49,741
Program service revenue 4000000$000$0$29,311
Program service revenue 5000000$000$0$40,619
$0$0$384
$0$0$2,920
$0$0$385
$0$0$4,163
$0$0$419
$0$0$98,555
$0$0$4,750
$0$0$3,525
$0$0$29,311
$0$0$10,148
$0$0$2,800
$0$0$6,000
$0$0$92,500
$0$0$25
$0$0$49,741
$0$0$5,000
$0$0$100
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$176
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventoryGift, novelty, and souvenir stores$19500$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
942376323100%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Type of supporting organizationType II
Information about the supported organizations
Employer identification number (EIN)Name of organizationType of organizationIs the supported organization listed in the supporting organization's governing documents?Amount of support
942376323No$45,459
Total$45,459
Support Schedule
20052006
Total$0$0
Gifts, grants, and contributions received$0$0
Membership fees received$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0
Net income from unrelated business activities not included above$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0
Other income$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Number of organizations performing similar types of work
Arizona1
California3
Colorado1
District of Columbia5
Florida2
Hawaii1
Illinois1
Massachusetts1
Maryland1
New York4
Virginia2
International2
Total24

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