Angus Mitchell Foundation in Honolulu, Hawaii (HI)
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
| Angus Mitchell Foundation | |
| Employer Identification Number (EIN) | 510553395 |
| Name of Organization | Angus Mitchell Foundation |
| In Care of Name | Holthouse Carlin & Van Trigt Llp |
| Address | 1585 Kapiolani Blvd Ste 1110, Honolulu, HI 96814-4543 |
| Subsection | Charitable Organization |
| Ruling Date | 11/2005 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $1 to $9,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $9,941 |
| Amount of Income | $314,701 |
| Form 990 Revenue Amount | $3,669 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2012: $314,701 (it was $3,669 in 2011)
| This organization: | $314,701 |
| Other organizations performing similar types of work: | $103,138 |
Assets in 2012: $9,941 (it was $259,058 in 2011)
| Angus Mitchell Foundation: | $9,941 |
| Other organizations performing similar types of work: | $338,623 |
Expenses in 2012: $314,941
| This organization: | $314,941 |
| Other organizations performing similar types of work: | $46,867 |
Income to expenses ratio in 2012: 1.0
| Angus Mitchell Foundation: | 1.0 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 79.6% |
Revenue for 2012
Expenses 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 | $65,824 | $63,623 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $1,403 | |||
| Dividends and interest from securities | $4,430 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $2,201 | |||
| Other | $57,790 | |||
| Total expenses and disbursements | $314,941 | $2,673 | $0 | $312,168 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $7,941 | $2,673 | $5,168 | |
| Contributions, gifts, grants paid | $307,000 | |||
| Excess of revenue over expenses and disbursements | $-249,117 | |||
| Net investment income | $60,950 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $9,941 | $9,941 |
| Cash - non-interest-bearing | $9,941 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $9,941 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $57,790 |
| 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 | $610 |
| Total credits and payments | $50 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $50 |
| 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 | $560 |
| 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 | $229,808 |
| Net value of noncharitable-use assets | $226,360 |
| Minimum investment return | $11,318 |
| Distributable Amount (for 2012) | |
| Distributable amount | $10,708 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $10,708 |
| 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 | Zierk Family Foundation | 72-3207 Maniniowali Drive, Kailua-Kona, HI 96740 | HI | 2013-07 | $5,015,027 |
| 2 | Bouslog Sawyer Charitable Tr, Mark D Bernstein Ttee | 63 Merchant St, Honolulu, HI 96813-4313 | HI | 2010-08 | $1,500,168 |
| 3 | Tsk Charitable Foundation | 737 Bishop St Ste 2990, Honolulu, HI 96813-3219 | HI | 2013-11 | $1,377,757 |
| 4 | The Gerald W G Kwock Charitable Foundation | 1004 Belser St, Honolulu, HI 96816-1415 | HI | 2003-06 | $752,412 |
| 5 | Ululani Foundation | 75-853 Keaolani Dr, Kailua Kona, HI 96740-8815 | HI | 2005-12 | $606,373 |
| 6 | Davis Levin Livingston Charitable Foundation | 851 Fort St Mall Ste 400, Honolulu, HI 96813-4300 | HI | 2012-02 | $327,048 |
| 7 | Kenneth And Diane Matsuura Foundation | 803 Ainapo St, Honolulu, HI 96825-1048 | HI | 2009-06 | $310,666 |
| 8 | Joseph & Florence Maney Fund Fbo Univ Of Hawaii Hilo Library | PO BOX 3708, Honolulu, HI 96811-3708 | HI | 2010-08 | $212,791 |
| 9 | Peter Faun Revocable Living Trust, Gloria Yung-Kuei Chi Ttee | 7192 Kalanianaole Hwy Ste A-143-333, Honolulu, HI 96825-1800 | HI | 2008-12 | $159,500 |
| 10 | Unoyo Kojima Trust, Pacific Century Tr Ttee | PO BOX 3170, Honolulu, HI 96802-3170 | HI | 2001-09 | $115,581 |
| 11 | The Wally Yonamine Foundation | 4595 Waikui St, Honolulu, HI 96821-1144 | HI | 2014-09 | $109,733 |
| 12 | The Larry & Celia Moh Foundation | 702 S Beretania St, Honolulu, HI 96813-2599 | HI | 2002-05 | $99,498 |
| 13 | Traders For Charity Inc | 999 Bishop St Ste 2701, Honolulu, HI 96813-4454 | HI | 2007-07 | $86,886 |
| 14 | Hanalei River Heritage Foundation | PO BOX 518, Hanalei, HI 96714-0518 | HI | 2013-06 | $50,780 |
| 15 | Marcio Duffles Harold Dunkerley Foundation | 3003 Kalakaua Avenue No 5-B, Honolulu, HI 96815-4701 | HI | 2010-02 | $50,418 |
| 16 | Paul And Karen Sullivan Family Charitable Foundation, Paul D Sullivan Ttee | 53 Kailuana Pl, Kailua, HI 96734-1661 | HI | 2013-03 | $50,005 |
| 17 | Abigail K K Kawananakoa Foundation | 420 Kekau Pl, Honolulu, HI 96817-1755 | HI | 2003-12 | $46,000 |
| 18 | The Deborah And Peter Martin Foundation | 100 Piialii Pl, Haiku, HI 96708-4815 | HI | 2000-01 | $34,760 |
| 19 | Weinman Foundation | 4471 Kahala Ave, Honolulu, HI 96816-4924 | HI | 2001-07 | $28,504 |
| 20 | Craig And Esther Murobayashi Foundation | 94-716 Waileia Pl, Mililani, HI 96789-2118 | HI | 2011-06 | $26,585 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 20,448 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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