Richard And Sharon Sanchez Family Foundation, Richard L Sanchez Co Ttee in Treasure Is, Florida (FL)
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
| Richard And Sharon Sanchez Family Foundation, Richard L Sanchez Co Ttee | |
| Employer Identification Number (EIN) | 746561078 |
| Name of Organization | Richard And Sharon Sanchez Family Foundation |
| Secondary Name | Richard L Sanchez Co Ttee |
| In Care of Name | Alan S Gassman |
| Address | 17 Island Dr, Treasure Is, FL 33706-1202 |
| Subsection | Charitable Organization |
| Ruling Date | 07/2009 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 11/2011 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $62,724 |
| Amount of Income | $78,009 |
| Form 990 Revenue Amount | $24,485 |
| National Taxonomy of Exempt Entities (NTEE) | Youth Development: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2011: $78,009 (it was $190,290 in 2010)
| Richard And Sharon Sanchez Family Foundation, Richard L Sanchez Co Ttee: | $78,009 |
| Other organizations performing similar types of work: | $57,519 |
Assets in 2011: $62,724 (it was $128,029 in 2010)
| Richard And Sharon Sanchez Family Foundation, Richard L Sanchez Co Ttee: | $62,724 |
| Other organizations performing similar types of work: | $25,421 |
Expenses in 2011: $99,730
| This organization: | $99,730 |
| Other organizations performing similar types of work: | $39,769 |
Income to expenses ratio in 2011: 0.8
| This organization: | 0.8 |
| Other organizations performing similar types of work: | 22.0 |
Grants share in income in 2011: 114.4%
| This organization: | 114.4% |
| Other organizations performing similar types of work: | 98.4% |
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 | $24,485 | $9 | $9 | |
| Contributions, gifts, grants, etc., received | $28,000 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $99,730 | $2,490 | $2,490 | $97,240 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $10,180 | $2,490 | $7,690 | |
| Contributions, gifts, grants paid | $89,550 | |||
| Excess of revenue over expenses and disbursements | $-75,245 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $62,724 | $62,724 |
| Cash - non-interest-bearing | $70 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $62,654 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $62,724 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $-3,524 |
| 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 | $95,377 |
| Net value of noncharitable-use assets | $93,940 |
| Minimum investment return | $4,697 |
| Distributable Amount (for 2011) | |
| Distributable amount | $4,697 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $4,697 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Kevin Durant Charity Foundation | 1450 Brickell Avenue 18th Floor, Miami, FL 33131-3444 | FL | 2013-08 | $1,654,220 |
| 2 | Mckenzie Noelle Wilson Foundation | 329 Ponte Vedra Blvd, Ponte Vedra, FL 32082-1813 | FL | 2010-10 | $817,718 |
| 3 | Little Lighthouse Foundation Inc | 100 Biscayne Blvd Ste 1607, Miami, FL 33132-2308 | FL | 2010-10 | $598,233 |
| 4 | Delbert O Johnson Private Foundation | 1331 Piper Blvd, Naples, FL 34110-1378 | FL | 2010-07 | $289,887 |
| 5 | Reeling For Kids Inc | PO BOX 382, Melrose, FL 32666-0382 | FL | 2011-05 | $197,507 |
| 6 | Rosalind Ludwig Childrens Foundation Inc | 2 S Biscayne Blvd 3760, Miami, FL 33131 | FL | 2009-06 | $66,468 |
| 7 | Executive Roundtable Of Indian River County Inc | 700 20th St, Vero Beach, FL 32960-5442 | FL | 2014-05 | $60,850 |
| 8 | Tribute 2 Life Inc | 1212 Apollo Beach Boulevard, Apollo Beach, FL 33572 | FL | 2013-12 | $28,187 |
| 9 | Sea Scout Ship Edwin Binney Foundation Inc | 759 Rio Vista Dr, Fort Pierce, FL 34982-7701 | FL | 2001-03 | $15,310 |
| 10 | South Florida Gymnastics Booster Club Inc | 3241 59th Dr E, Bradenton, FL 34203-3955 | FL | 2014-10 | $12,097 |
| 11 | Michael S Murray Foundation Inc | 219 E Livingston St, Orlando, FL 32801-1538 | FL | 2015-03 | $2,661 |
| 12 | 1 Motherhouse United Inc | 4600 Nw 2nd Ave, Miami, FL 33127-2426 | FL | 2012-06 | $0 |
| 13 | A Touch Of Eternity | 1270 Nw 95th St Apt 315, Miami, FL 33147-3382 | FL | 2011-03 | $0 |
| 14 | Ag Angels Inc | 320 Kite Ave, Sebring, FL 33870-0130 | FL | 2015-01 | $0 |
| 15 | Breanna Vergara Foundation | 9030 Nw 165th St, Miami Lakes, FL 33018-6196 | FL | 2015-04 | $0 |
| 16 | Buccaneers Dance Magnet Inc | 2530 Fairways Drive, Homestead, FL 33035 | FL | 2012-05 | $0 |
| 17 | Central Broward Kiwanis Foundation Inc | P O Box 100948, Fort Lauderdale, FL 33310 | FL | 2010-11 | $0 |
| 18 | Chance International Usa Inc | 251 Sw 11th Ave, Fort Lauderdale, FL 33312-1621 | FL | 2010-03 | $0 |
| 19 | Children Helping Other Children Inc, C H O C | 2771 Sw 86th Way, Davie, FL 33328-1652 | FL | 2015-02 | $0 |
| 20 | Childrens Christmas Wish Inc | 7806 Kingspointe Parkway, Orlando, FL 32819 | FL | 2013-01 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 731 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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