The Joseph J Scott Foundation in Casper, Wyoming (WY)
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
| The Joseph J Scott Foundation | |
| Employer Identification Number (EIN) | 263374979 |
| Name of Organization | The Joseph J Scott Foundation |
| In Care of Name | Foundation Source |
| Address | 123 W 1st St Ste 620, Casper, WY 82601-2484 |
| Subsection | Charitable Organization |
| Ruling Date | 08/2009 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| 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 | $4,615,020 |
| Amount of Income | $303,473 |
| Form 990 Revenue Amount | $230,676 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2013: $303,473 (it was $1,016,389 in 2012)
| The Joseph J Scott Foundation: | $303,473 |
| Other organizations performing similar types of work: | $105,489 |
Assets in 2013: $4,615,020 (it was $4,687,452 in 2012)
| This organization: | $4,615,020 |
| Other organizations performing similar types of work: | $325,460 |
Expenses in 2012: $580,405
| This organization: | $580,405 |
| Other organizations performing similar types of work: | $49,058 |
Income to expenses ratio in 2012: 0.5
| The Joseph J Scott Foundation: | 0.5 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 42.1%
| The Joseph J Scott Foundation: | 42.1% |
| Other organizations performing similar types of work: | 22.8% |
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 | $475,468 | $275,468 | $80,367 | |
| Contributions, gifts, grants, etc., received | $200,000 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $195,101 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $80,367 | |||
| Total expenses and disbursements | $580,405 | $58,618 | $0 | $519,487 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $88,332 | $58,618 | $27,414 | |
| Contributions, gifts, grants paid | $492,073 | |||
| Excess of revenue over expenses and disbursements | $-104,937 | |||
| Net investment income | $216,850 | |||
| Adjusted net income | $80,367 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $4,687,452 | $5,803,683 |
| Cash - non-interest-bearing | $17,891 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $3,306,705 | |
| Investments-corporate bonds | $1,112,656 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $250,200 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $4,687,452 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $80,367 |
| 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 | $2,169 |
| Total credits and payments | $2,300 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $2,300 |
| 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 | $0 |
| Overpayment | $131 |
| Amount to be credited to 2013 estimated tax | $131 |
| 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 | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Martin Family Foundation | PO BOX 50190, Casper, WY 82605-0190 | WY | 2001-06 | $11,177,203 |
| 2 | Msl Renewed Hope Foundation Inc | PO BOX 127, Teton Village, WY 83025-0127 | WY | 2013-06 | $5,858,592 |
| 3 | Thurston Family Foundation, Ray R Thurston Ttee | 1200 Queens Ln, Jackson, WY 83001-9273 | WY | 2013-03 | $5,091,180 |
| 4 | Witzel Family Foundation | 1 S Tschirgi St, Sheridan, WY 82801-4229 | WY | 2008-11 | $2,800,435 |
| 5 | Soka Piiwa Foundation | PO BOX 6769, Sheridan, WY 82801-7105 | WY | 2001-01 | $1,834,782 |
| 6 | The Carine & Jacques Dubois Family Foundation | C/O Jacques Dubois, Jackson, WY 83002 | WY | 1999-02 | $1,803,510 |
| 7 | Hawthorn Foundation | PO BOX 2693, Casper, WY 82602-2693 | WY | 2014-03 | $935,160 |
| 8 | Double 4 Foundation, David L & Melanie True Ttee | PO BOX 2360, Casper, WY 82602-2360 | WY | 2012-02 | $706,993 |
| 9 | Ruth R Ellbogen Foundation | PO BOX 70, Casper, WY 82602-0070 | WY | 1999-09 | $596,055 |
| 10 | Kim & Jody Brown Family Foundation | PO BOX 162, Farson, WY 82932-0162 | WY | 2013-03 | $580,593 |
| 11 | Truecos Foundation, David L True Ttee | PO BOX 2360, Casper, WY 82602-2360 | WY | 2014-07 | $481,577 |
| 12 | Two Fly Foundation Inc | 2231 Miracle Dr, Casper, WY 82609-4602 | WY | 2004-07 | $409,165 |
| 13 | The Joseph J Scott Foundation | 123 W 1st St Ste 620, Casper, WY 82601-2484 | WY | 2009-08 | $303,473 |
| 14 | Verdad Foundation, H A Iii & Karen True Ttee | PO BOX 2360, Casper, WY 82602-2360 | WY | 2012-02 | $138,170 |
| 15 | Larsen Charitable Tr | PO BOX 839, Powell, WY 82435-0839 | WY | 2013-03 | $124,306 |
| 16 | Maertens Health Science Scholarship Fund | PO BOX 363, Story, WY 82842-0363 | WY | 2012-12 | $100,124 |
| 17 | The Lou & Martha Mack Foundation | PO BOX 1804, Jackson, WY 83001-1804 | WY | 2005-09 | $52,116 |
| 18 | Double X Education Foundation | PO BOX 867, Cheyenne, WY 82003-0867 | WY | 2012-03 | $45,000 |
| 19 | Pike And Susan Sullivan Foundation | PO BOX 4158, Jackson, WY 83001-4158 | WY | 2013-01 | $42,014 |
| 20 | Thanks A Million Foundation Inc | PO BOX 4257, Jackson, WY 83001-4257 | WY | 2002-03 | $20,686 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 22,395 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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