Taft Foundation in Ojai, California (CA)
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 California
| Taft Foundation | |
| Employer Identification Number (EIN) | 770271689 |
| Name of Organization | Taft Foundation |
| In Care of Name | Chapman & Associates |
| Address | 2162v Baldwin Rd, Ojai, CA 93023 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 03/1991 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,735,698 |
| Amount of Income | $260,826 |
| Form 990 Revenue Amount | $221,661 |
Non-representatives - add comments:
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 | $163,000 | $114,161 | $0 | |
| Contributions, gifts, grants, etc., received | $5,000 | |||
| Interest on savings and temporary cash investments | $386 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $113,775 | |||
| Gross profit from sales of goods | $50,445 | |||
| Gross sales less returns and allowances | $50,445 | |||
| Less: Cost of goods sold | $0 | |||
| Other income | $12,439 | |||
| Total expenses and disbursements | $165,276 | $59,371 | $0 | $87,225 |
| Compensation of officers, directors, trustees, etc. | $12,000 | |||
| Total operating and administrative expenses | $78,051 | $59,371 | $0 | |
| Contributions, gifts, grants paid | $87,225 | |||
| Excess of revenue over expenses and disbursements | $-2,276 | |||
| Net investment income | $54,790 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,735,698 | $2,153,550 |
| Cash - non-interest-bearing | $7,724 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $162,315 | |
| Investments-other | $0 | |
| Other | $1,565,659 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,735,698 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-19,045 |
| 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 | $1,096 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $22 |
| Tax due | $1,118 |
| 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 | $2,160,736 |
| Net value of noncharitable-use assets | $2,128,320 |
| Minimum investment return | $106,416 |
| Distributable Amount (for 2012) | |
| Distributable amount | $105,320 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $105,320 |
| 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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| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Swift Foundation | 1157 Coast Village Road Ste A, Santa Barbara, CA 93108 | CA | 2002-08 | $12,840,145 |
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| 6 | Synchronettes Booster Club | 13150 166th St, Cerritos, CA 90703-2268 | CA | 1997-04 | $53,439 |
| 7 | Synergy Academies | PO BOX 78999, Los Angeles, CA 90016-0999 | CA | 2005-08 | $12,100,727 |
| 8 | T J Striders Youth Track And Field Club | 1483 N Grand St, San Bernardino, CA 92411 | CA | 1999-06 | $1 |
| 9 | T Town Inc | 19165 Seaton Ave, Perris, CA 92570-8722 | CA | 2000-01 | $1,047,049 |
| 10 | Table Mountain Trap & Skeet Club Inc | 233 Glen Dr, Oroville, CA 95966-9218 | CA | 1981-12 | $1,052 |
| 11 | Taft Foundation | 2162v Baldwin Rd, Ojai, CA 93023 | CA | 1991-03 | $260,826 |
| 12 | Tahoe Art League | 3062 Lake Tahoe Blvd, S Lake Tahoe, CA 96150-7810 | CA | 1971-03 | $125,715 |
| 13 | Tahoe Basin Senior Citizens Center Inc | 3050 Lake Tahoe Blvd, South Lake Tahoe, CA 96150 | CA | 1981-09 | $0 |
| 14 | Tahoe Lake-Rideout Parent Teacher Organization | PO BOX 5335, Tahoe City, CA 96145-5335 | CA | 1995-05 | $46,458 |
| 15 | Taiwan Medical Society Of Southern California | 2755 Wallingford Rd, San Marino, CA 91108-1549 | CA | 1988-12 | $4 |
| 16 | Taiwanese & Chinese American Atheletic Federation Of N Calif | 1269 Forgewood Ave, Sunnyvale, CA 94089-2216 | CA | 2004-09 | $111,896 |
| 17 | Tamalpais Pacific | 135 Porto Marino, Bel Tiburon, CA 94920-1316 | CA | 1997-08 | $6,934,697 |
| 18 | Tantrika International Inc | 4123 Broadway Suite 515, Oakland, CA 94611-5111 | CA | 2000-09 | $56,689 |
| 19 | Tassajara Soccer Complex Inc | 4680 Camino Tassajara, Danville, CA 94506-5906 | CA | 2004-12 | $0 |
| 20 | Tax-Aid | 55 New Montgomery Street, San Francisco, CA 94105-3412 | CA | 1992-07 | $435,013 |
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