Faith Partners Foundation Inc in Wilmington, Delaware (DE)
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 Delaware
| Faith Partners Foundation Inc | |
| Employer Identification Number (EIN) | 352164002 |
| Name of Organization | Faith Partners Foundation Inc |
| In Care of Name | Foundation Source Philanthropic |
| Address | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 |
| Subsection | Charitable Organization |
| Ruling Date | 11/2002 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $500,000 to $999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $664,046 |
| Amount of Income | $689,021 |
| Form 990 Revenue Amount | $181,723 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Named Trusts/Foundations (Not Elsewhere Classified) |
Non-representatives - add comments:
Revenue for 2011
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 | $181,723 | $64,379 | $0 | |
| Contributions, gifts, grants, etc., received | $150,195 | |||
| Interest on savings and temporary cash investments | $8 | |||
| Dividends and interest from securities | $19,432 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $12,088 | |||
| Total expenses and disbursements | $228,689 | $0 | $0 | $228,137 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $8,689 | $0 | $8,137 | |
| Contributions, gifts, grants paid | $220,000 | |||
| Excess of revenue over expenses and disbursements | $-46,966 | |||
| Net investment income | $64,379 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $664,046 | $662,666 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $610,965 | |
| Investments-corporate bonds | $6,335 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $46,746 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $664,046 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $12,088 |
| 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 | $644 |
| Total credits and payments | $300 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $300 |
| 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 | $344 |
| 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? | Yes |
| 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 | $823,702 |
| Net value of noncharitable-use assets | $811,340 |
| Minimum investment return | $40,567 |
| Distributable Amount (for 2011) | |
| Distributable amount | $39,923 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $39,923 |
| 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 Delaware | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Evelyn Morris Parent Teacher Partnership | 103 3rd St, Lincoln, DE 19960-9757 | DE | 1994-08 | $44,054 |
| 2 | Excelsior Foundation Tr | 1100 North Market Street, Wilmington, DE 19890-0001 | DE | 1998-07 | $22,093 |
| 3 | Exceptional Care Inc | Exceptional Care For Children 11 In, Newark, DE 19713 | DE | 1998-10 | $11,678,021 |
| 4 | Executive Women's Golf Association Wilmington De Chapter | 4550 New Linden Hill Road No 201, Wilmington, DE 19808 | DE | 1997-05 | $0 |
| 5 | Ezulwini Foundation Inc | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 | DE | 2008-09 | $4,287,358 |
| 6 | F2 Family Foundation Inc | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2004-11 | $2,601,734 |
| 7 | Fair Play Foundation | 2751 Centerville Rd Ste 300, Wilmington, DE 19808-1632 | DE | 1962-01 | $7,860,222 |
| 8 | Fair-Blue Club | 2005 Fairblue Ln, Wilmington, DE 19810-3652 | DE | 2002-06 | $123,186 |
| 9 | Fairfield Crest Swim Club | PO BOX 933, Newark, DE 19715-0933 | DE | 1967-01 | $92,812 |
| 10 | Faith Elementary And Middle School Inc | 90 Saulsbury Rd, Dover, DE 19904-3445 | DE | 1999-03 | $105,887 |
| 11 | Faith Partners Foundation Inc | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2002-11 | $689,021 |
| 12 | Faithful Friends Inc | 12 Germay Drive Suite 4, Wilmington, DE 19804-1105 | DE | 2001-10 | $1,244,250 |
| 13 | Family & Workplace Connection Inc | 3511 Silverside Rd Ste 100, Wilmington, DE 19810-4902 | DE | 1982-06 | $4,772,479 |
| 14 | Family Foundations Academy Inc | 1101 Delaware St, New Castle, DE 19720-6033 | DE | 2006-05 | $8,048,438 |
| 15 | Family Practice Service Association | 1400 N Washington St 4th Fl, Wilmington, DE 19801-1024 | DE | 1975-10 | $500 |
| 16 | Fann Fam Foundation Tr, Jeffrey R Black Et Al Ttee | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2008-06 | $603,915 |
| 17 | Farmhouse Foundation | PO BOX 263, Rockland, DE 19732-0263 | DE | 1997-08 | $687,707 |
| 18 | Farmington Volunteer Fire Company | 20920 S Dupont Hwy, Farmington, DE 19950-2381 | DE | 1989-09 | $480,556 |
| 19 | Farmor Foundation | 1205 N Orange St, Wilmington, DE 19801-1120 | DE | 1994-06 | $335,327 |
| 20 | Farpath Foundation | PO BOX 286, Lewes, DE 19958-0286 | DE | 2002-08 | $10,296 |
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