Watson Legacy Foundation in Sacramento, 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
| Watson Legacy Foundation | |
| Employer Identification Number (EIN) | 260312452 |
| Name of Organization | Watson Legacy Foundation |
| In Care of Name | Leslie Watson |
| Address | 3185 Longview Dr, Sacramento, CA 95821-7214 |
| Subsection | Charitable Organization |
| Ruling Date | 05/2010 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2011 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1 |
| Amount of Income | $1 |
| Form 990 Revenue Amount | $1 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Community, Neighborhood Development, Improvement (General) |
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 | $1 | $1 | $1 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $1 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $725 | $0 | $0 | $0 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $725 | $0 | $0 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-724 | |||
| Net investment income | $1 | |||
| Adjusted net income | $1 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1 | $0 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $1 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $0 | |
| 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 | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2011) | |
| Distributable amount | $0 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $0 |
| 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 California | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | W & W Charitable Foundation | 10430 Corte De Madrid, Cupertino, CA 95014-3406 | CA | 2011-08 | $26,397 |
| 2 | Wagner Society Of Southern Ca The Sherwin Sloan Foundation | 901 Chimes Ave, Duarte, CA 91010-1928 | CA | 2012-02 | $72,957 |
| 3 | Walls Family Scholar Athlete Foundation | 3831 W 60th St, Los Angeles, CA 90043-2927 | CA | 2007-03 | $11,380 |
| 4 | Wampler Kids | 924 D Ave, Coronado, CA 92118-2506 | CA | 2008-09 | $6,235 |
| 5 | War Doggs | 449 Ridgeway Ct, Spring Valley, CA 91977-6350 | CA | 2010-01 | $14,330 |
| 6 | Washington Manor Middle School Music Boosters | 1170 Fargo Avenue, San Leandro, CA 94579 | CA | 2001-04 | $5,233 |
| 7 | Waste Ventures Charities, Waste Ventures Partners | 224 Castro Ln, Fremont, CA 94539-3921 | CA | 2011-03 | $142,455 |
| 8 | Wat Chaobuddha Of San Bernardino | 3495 Gray St, Sn Bernrdno, CA 92407-6147 | CA | 1993-12 | $41,248 |
| 9 | Wat Lao Buddhararm Of San Diego | 726 44th St, San Diego, CA 92102-3606 | CA | 1990-03 | $274,601 |
| 10 | Waterloo Cultural And Athletic Foundation | 4343 N Ashley Ln, Stockton, CA 95215-9174 | CA | 2008-08 | $59,349 |
| 11 | Watson Legacy Foundation | 3185 Longview Dr, Sacramento, CA 95821-7214 | CA | 2010-05 | $1 |
| 12 | We Care Solar | 3009 Hillegass Ave, Berkeley, CA 94705-2513 | CA | 2011-10 | $1,225,916 |
| 13 | We Must Help The Children Inc | 4630 Enos Ln, Bakersfield, CA 93314-9767 | CA | 2001-06 | $5,200 |
| 14 | We Will Serve Ministries Inc | 13681 Newport Ave Ste 8257, Tustin, CA 92780-4689 | CA | 2012-02 | $7,025 |
| 15 | Wedding Ring Foundation | 725 Webster St, San Francisco, CA 94117-1715 | CA | 2008-07 | $975 |
| 16 | Wellness Community - California Central Coast | 614 13th St, Paso Robles, CA 93446-2229 | CA | 2009-06 | $364,090 |
| 17 | Wesley Family Foundation | 4201 Via Pinzon, Pls Vrds Est, CA 90274-1553 | CA | 2011-06 | $1,935,247 |
| 18 | West Coast Va Ad Hachesed | 7200 Beverly Blvd, Los Angeles, CA 90036-2537 | CA | 2008-07 | $2,982,056 |
| 19 | West Covina Bruins Youth Football | PO BOX 1383, West Covina, CA 91793-1383 | CA | 2000-02 | $108,934 |
| 20 | West Los Angeles Youth Club | PO BOX 641906, Los Angeles, CA 90064-6906 | CA | 2011-04 | $146,104 |
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