Donald & Virginia Hovde Foundation, Hovde Donald I Ttee in Washington, District of Columbia (DC)
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
- Organizations performing similar types of work
| Donald & Virginia Hovde Foundation, Hovde Donald I Ttee | |
| Employer Identification Number (EIN) | 527142939 |
| Name of Organization | Donald & Virginia Hovde Foundation |
| Secondary Name | Hovde Donald I Ttee |
| In Care of Name | Eric Hovde |
| Address | 1826 Jefferson Pl Nw, Washington, DC 20036-2505 |
| Subsection | Charitable Organization |
| Ruling Date | 03/2002 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $171,380 |
| Amount of Income | $53,622 |
| Form 990 Revenue Amount | $-737 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2011: $53,622 (it was $300,000 in 2010)
| Donald & Virginia Hovde Foundation, Hovde Donald I Ttee: | $53,622 |
| Other organizations performing similar types of work: | $103,138 |
Assets in 2011: $171,380 (it was $299,663 in 2010)
| Donald & Virginia Hovde Foundation, Hovde Donald I Ttee: | $171,380 |
| Other organizations performing similar types of work: | $338,623 |
Expenses in 2011: $127,910
| Donald & Virginia Hovde Foundation, Hovde Donald I Ttee: | $127,910 |
| Other organizations performing similar types of work: | $46,867 |
Income to expenses ratio in 2011: 0.4
| This organization: | 0.4 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2011: -0.0%
| This organization: | -0.0% |
| Other organizations performing similar types of work: | 79.6% |
Expenses for 2011
Assets for 2011
| 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 | $-737 | $1,760 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $1,760 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $127,910 | $1,310 | $0 | $126,600 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,910 | $1,310 | $600 | |
| Contributions, gifts, grants paid | $126,000 | |||
| Excess of revenue over expenses and disbursements | $-128,647 | |||
| Net investment income | $450 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $171,380 | $171,380 |
| Cash - non-interest-bearing | $8,947 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $158,749 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $3,684 | |
| Total liabilities | $364 | |
| Mortgages and other notes payable | $0 | |
| Other | $364 | |
| Total liabilities and net assets/fund balances | $171,016 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $-2,497 |
| 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 | $5 |
| Total credits and payments | $10 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $0 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $10 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Overpayment | $5 |
| Amount to be credited to 2012 estimated tax | $5 |
| 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 | $346,115 |
| Net value of noncharitable-use assets | $340,920 |
| Minimum investment return | $17,046 |
| Distributable Amount (for 2011) | |
| Distributable amount | $17,041 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $17,041 |
| 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 |
| Write your review! |
|
|
| Recently Added Reviews |
| Confraternity Of Christian Doctrine Inc in Washington, DC |
| Shared Horizons Inc in Washington, DC |
100 Reporters in Washington, DC
 |
Collaborative Of Parents And Community Stakeholders, Copacs Co-Pacs in Washington, DC
 |
|
Catholic Charities Of The Archdiocese Of Washington Inc, Catholic Charities Of in Washington, DC
|
|
M And M Residential Services in Washington, DC
|
| Global Education And Research Alliance in Washington, DC |
|
Al Sura in Washington, DC
|
|
Committee For The Republic in Washington, DC
|
|
Bread For The Soul in Washington, DC
|
| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Wallace Global Fund Ii | 2040 S St Nw, Washington, DC 20009-1110 | DC | 2009-08 | $43,371,052 |
| 2 | Sylvan C Herman Foundation Inc | 1120 Vermont Ave Nw Ste 900, Washington, DC 20005-3532 | DC | 2005-09 | $17,421,984 |
| 3 | The@anne And Ronald Abramson Family Foundation, Anne E & Ronald D Abramson Ttee | 1700 K St Nw Ste 300, Washington, DC 20006-3807 | DC | 2009-02 | $11,448,963 |
| 4 | Forsythia Foundation | 1201 Conn Ave Nw Ste 300, Washington, DC 20036-2656 | DC | 2010-09 | $7,604,525 |
| 5 | Thomas Rutherfoord Foundation | 3333 P St Nw, Washington, DC 20007-2702 | DC | 2006-11 | $6,214,170 |
| 6 | American Beverage Foundation For A Healthy America | 1101 16th Street Nw, Washington, DC 20036-4803 | DC | 2011-05 | $5,250,078 |
| 7 | Gayle And Bill Cook Foundation | 1666 K Street Nw, Washington, DC 20006-1278 | DC | 2013-10 | $4,192,500 |
| 8 | Us Justice Charitable Foundatin Inc | 2009 Massachusetts Ave Nw, Washington, DC 20036-1011 | DC | 2008-08 | $2,817,894 |
| 9 | The Ptarmigan Foundation Inc | 2900 N St Nw, Washington, DC 20007-3341 | DC | 2007-02 | $2,001,381 |
| 10 | Zients Fam Foundation Tr 02032003, Zients Jeffrey D Et Al Ttee | 4500 Garfield St Nw, Washington, DC 20007-1131 | DC | 2003-03 | $1,571,568 |
| 11 | The@joan L And Robert C Gilkison Family Foundation, Joan L Gilkison Et Al Ttee | C/O Howard Kluttz 2000 K Street Nw, Washington, DC 20006 | DC | 2008-04 | $1,495,039 |
| 12 | Joyce Banda Foundation International Inc | 3303 15th St Se, Washington, DC 20032-4753 | DC | 2010-09 | $1,021,404 |
| 13 | Trellis Charitable Fund | 3150 South St Nw Suite 2b, Washington, DC 20007-4433 | DC | 2014-01 | $875,399 |
| 14 | Macneil Hollinger Foundation | 3728 Northampton St Nw, Washington, DC 20015-2530 | DC | 2015-04 | $718,203 |
| 15 | Ruth S Willoughby Foundation | 4720 Quebec St Nw, Washington, DC 20016-3227 | DC | 2002-07 | $648,651 |
| 16 | Sky Dragon Foundation Inc | 2000 P St Nw Ste 708, Washington, DC 20036-6928 | DC | 2005-10 | $393,298 |
| 17 | Campbell Family Foundation | 1120 20th St Nw Ste 300-S, Washington, DC 20036-3445 | DC | 2011-05 | $269,705 |
| 18 | The@euphonium Foundation | 1666 K Street Nw, Washington, DC 20006-1278 | DC | 2002-04 | $262,377 |
| 19 | Westley Family Foundation Inc | 4418 Macomb St Nw, Washington, DC 20016-2708 | DC | 2006-02 | $177,346 |
| 20 | Jonathan Ogden Foundation Inc | 3330 Georgia Ave Nw Ste 100, Washington, DC 20010-2513 | DC | 2000-03 | $169,370 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 20,448 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization representatives - add corrected or new information about Donald & Virginia Hovde Foundation, Hovde Donald I Ttee »
Non-representatives - add comments about Donald & Virginia Hovde Foundation, Hovde Donald I Ttee»