The Red Scott Family Foundation in La Jolla, 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
| The Red Scott Family Foundation | |
| Employer Identification Number (EIN) | 330278900 |
| Name of Organization | The Red Scott Family Foundation |
| Address | 7158 Fairway Road, La Jolla, CA 92037 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 03/1988 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $100,000 to $499,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $469,507 |
| Amount of Income | $588,941 |
| Form 990 Revenue Amount | $54,216 |
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 | $371,557 | $282,191 | $0 | |
| Contributions, gifts, grants, etc., received | $89,366 | |||
| Interest on savings and temporary cash investments | $55 | |||
| Dividends and interest from securities | $5,662 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $276,474 | |||
| Total expenses and disbursements | $171,996 | $150 | $0 | $170,411 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,585 | $150 | $0 | |
| Contributions, gifts, grants paid | $170,411 | |||
| Excess of revenue over expenses and disbursements | $199,561 | |||
| Net investment income | $282,041 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $469,507 | $470,467 |
| Cash - non-interest-bearing | $8,812 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $117,900 | |
| Other | $342,795 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $469,507 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $276,474 |
| 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 | $2,820 |
| Total credits and payments | $1,409 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,409 |
| 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 | $1,411 |
| 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 | $261,622 |
| Net value of noncharitable-use assets | $257,700 |
| Minimum investment return | $12,885 |
| Distributable Amount (for 2012) | |
| Distributable amount | $10,065 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $10,065 |
| 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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| Other organizations in California | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Public Links Golf Association Of Southern California, Southern California Golf Association | 3740 Cahuenga Blvd, Studio City, CA 91604 | CA | 1975-02 | $762,723 |
| 2 | The Pura Vida Foundation | 1172 S Main St 379, Salinas, CA 93901-2204 | CA | 2002-03 | $1,000 |
| 3 | The Quail Club | 8000 Valley Greens Dr, Carmel, CA 93923-9515 | CA | 1991-05 | $45,205 |
| 4 | The R Roland Smith Family Foundation | 2284 Redlands Dr, Newport Beach, CA 92660-3647 | CA | 1983-05 | $74,233 |
| 5 | The R&m Wanglin Family Foundation | 280 Conway Ave, Los Angeles, CA 90024-2602 | CA | 2007-02 | $7,500 |
| 6 | The Radiance Center | 1001 Elm Court, El Cerrito, CA 94530 | CA | 2006-01 | $25,654 |
| 7 | The Ralph And Victoria Casparian Foundation | 220 Grove Ln, Santa Barbara, CA 93105-2424 | CA | 2007-07 | $55,761 |
| 8 | The Ralphs Food 4 Less Foundation | 1100 W Artesia Blvd, Compton, CA 90220-5108 | CA | 1992-08 | $6,272,388 |
| 9 | The Reagan Educational Center Timberwolves Foundation | 4373 N Leonard Ave, Clovis, CA 93611 | CA | 2000-09 | $412,391 |
| 10 | The Recares Network | 2619 Broadway, Oakland, CA 94612-3107 | CA | 1995-08 | $91,131 |
| 11 | The Red Scott Family Foundation | 7158 Fairway Road, La Jolla, CA 92037 | CA | 1988-03 | $588,941 |
| 12 | Regeneration Project | 369 Pine St Ste 700, San Francisco, CA 94104-3314 | CA | 2000-03 | $1,640,630 |
| 13 | The Resource Area For Teaching Of Greater Sacramento | 3136 Howard St, Mcclellan, CA 95652-2612 | CA | 2006-09 | $266,297 |
| 14 | The Reuse People Inc | 3946 Murray Hill Road, La Mesa, CA 91941 | CA | 1986-06 | $305,988 |
| 15 | The Richard And Ellen Gilleland Foundation | 4994 Summit View Dr, Westlake Vlg, CA 91362-5610 | CA | 1996-04 | $424,995 |
| 16 | The Richard James Wickham Monument To Capitalism Foundation | 6439 Herndon Pl, Stockton, CA 95219-3744 | CA | 1988-12 | $360 |
| 17 | The River Run Foundation | 26741 Portola Pkwy Ste 1e 650, Foothill Ranch, CA 92610-1763 | CA | 2015-01 | $0 |
| 18 | The Robert And Beverly Lewis Family Foundation | 626 Via Lido Nord, Newport Beach, CA 92663-5521 | CA | 1987-03 | $400,085 |
| 19 | The Robert And Michelle Friend Foundation | 121 Steuart Street, San Francisco, CA 94105-1236 | CA | 1997-03 | $1,633,616 |
| 20 | The Robert J Gottlieb Charitable Foundation | 2925 Fallbrook Ln, San Diego, CA 92117-6770 | CA | 1987-06 | $5,002 |
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