Otis Redding Foundation Inc in Macon, Georgia (GA)
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
| Otis Redding Foundation Inc | |
| Employer Identification Number (EIN) | 582435617 |
| Name of Organization | Otis Redding Foundation Inc |
| In Care of Name | Zelma Redding |
| Address | 339 Cotton Ave, Macon, GA 31201-2625 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 06/1999 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $4,176 |
| Amount of Income | $83,355 |
| Form 990 Revenue Amount | $234,095 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards |
Non-representatives - add comments:
Amount of income in 2012: $83,355 (it was $235,268 in 2011)
| Otis Redding Foundation Inc: | $83,355 |
| Other organizations performing similar types of work: | $41,680 |
Assets in 2012: $4,176 (it was $2,965 in 2011)
| Otis Redding Foundation Inc: | $4,176 |
| Other organizations performing similar types of work: | $65,579 |
Expenses in 2012: $82,430
| This organization: | $82,430 |
| Other organizations performing similar types of work: | $24,470 |
Income to expenses ratio in 2012: 1.0
| Otis Redding Foundation Inc: | 1.0 |
| Other organizations performing similar types of work: | 0.5 |
Grants share in income in 2012: 84.9%
| This organization: | 84.9% |
| Other organizations performing similar types of work: | 9.0% |
Revenue 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 | $81,519 | $0 | $2,819 | |
| Contributions, gifts, grants, etc., received | $69,237 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $2,819 | |||
| Gross sales less returns and allowances | $983 | |||
| Less: Cost of goods sold | $1,836 | |||
| Other income | $9,463 | |||
| Total expenses and disbursements | $82,430 | $0 | $0 | $74,188 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $82,430 | $0 | $74,188 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-911 | |||
| Net investment income | $0 | |||
| Adjusted net income | $2,819 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $4,176 | $0 |
| Cash - non-interest-bearing | $1,211 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $2,965 | |
| Total liabilities | $8,107 | |
| Mortgages and other notes payable | $0 | |
| Other | $8,107 | |
| Total liabilities and net assets/fund balances | $-3,931 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| 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 | $2,965 |
| Net value of noncharitable-use assets | $2,920 |
| Minimum investment return | $146 |
| Distributable Amount (for 2012) | |
| Distributable amount | $146 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $146 |
| 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 | Us-Central Asia Education Foundation | 124 U St Nw, Washington, DC 20001-1606 | DC | 2007-10 | $4,838,252 |
| 2 | Subsea Tieback Scholarship Fund | 5418 Woodbury St, Fulshear, TX 77441-4139 | TX | 2007-10 | $101,112 |
| 3 | Tom Mcmahon Construction Scholarship Fund | 4441 S Abilene Cir, Aurora, CO 80015-1047 | CO | 2006-11 | $18,033 |
| 4 | Apogee Georgia School Choice Scholarship Fund | 3330 Cumberland Blvd, Atlanta, GA 30339-5995 | GA | 2008-06 | $16,941,136 |
| 5 | Watson-Brown Foundation Inc | 310 Tom Watson Way, Thomson, GA 30824-1836 | GA | 1972-03 | $7,186,409 |
| 6 | Arete Scholars Fund | 3615 Braselton Hwy, Dacula, GA 30019-5906 | GA | 2010-08 | $6,274,556 |
| 7 | Georgia Tax Credit Scholarship Program Incorporated | 1075 Ptree St Ne Ste 3650, Atlanta, GA 30309-3958 | GA | 2010-06 | $4,013,059 |
| 8 | The@franklin D Jackson Family Foundation, Jackson Franklin D Et Al Co Ttee | 260 Rivermere Way, Sandy Spgs, GA 30350-6346 | GA | 2000-12 | $3,651,911 |
| 9 | A Pay It Forward Scholarship Corporation | 615 Oak St Ste F, Gainesville, GA 30501-8522 | GA | 2011-05 | $2,006,295 |
| 10 | Loma Education Foundation Inc | 2300 Windy Ridge Parkway Suite 600, Atlanta, GA 30339 | GA | 2005-07 | $1,109,701 |
| 11 | Georgia Learning Foundation | 11770 Haynes Brg Rd Ste 205-351, Alpharetta, GA 30009 | GA | 2010-12 | $547,532 |
| 12 | Shirley And Billy Weir Scholarship Foundation Trust, Mccollum Michael Ttee | PO BOX 23024, Columbus, GA 31902-3024 | GA | 2005-10 | $507,108 |
| 13 | Georgia Tuition Aid Providers Inc | 4055 Abingdon Pl, Cumming, GA 30041-5801 | GA | 2012-10 | $500,087 |
| 14 | Zawadi Africa Educational Fund Inc | 1820 Peachtree St Nw Unit 1902, Atlanta, GA 30309-8406 | GA | 2007-02 | $438,862 |
| 15 | Savannah Vo-Tech Fdn Inc | PO BOX 8878, Savannah, GA 31412-8878 | GA | 1985-05 | $432,822 |
| 16 | Corporate Giving For Education Inc | 407 Forrest Ln, Gainesville, GA 30501 | GA | 2009-05 | $324,720 |
| 17 | The Scholarship Academy | 250 Georgia Ave Se Ste 203b, Atlanta, GA 30312-3000 | GA | 2006-10 | $311,832 |
| 18 | Council 3607 Inc | 2009 Gillionville Rd, Albany, GA 31707-3139 | GA | 2013-04 | $307,670 |
| 19 | Hart Emc Foundation | PO BOX 250, Hartwell, GA 30643-0250 | GA | 2010-09 | $294,499 |
| 20 | Trey Duffy Scholarship Foundation | 755 Hank Aaron Dr Sw, Atlanta, GA 30315-1120 | GA | 2009-03 | $258,848 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 23,481 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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