Phelps Foundation in Waterloo, Iowa (IA)
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 Iowa
| Phelps Foundation | |
| Employer Identification Number (EIN) | 420893194 |
| Name of Organization | Phelps Foundation |
| In Care of Name | Dr Gardner Phelps President |
| Address | 1032 Prairie Meadow Ct, Waterloo, IA 50701-4836 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Religious Organization |
| Ruling Date | 11/1966 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $7,748 |
| Amount of Income | $641 |
| Form 990 Revenue Amount | $641 |
Non-representatives - add comments:
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 | $641 | $641 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $641 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $737 | $40 | $0 | $40 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $737 | $40 | $40 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-96 | |||
| Net investment income | $601 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $7,748 | $28,802 |
| Cash - non-interest-bearing | $2,396 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $5,352 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $7,748 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| 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 | $12 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $12 |
| 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? | Yes |
| 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? | Yes |
| 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 | $29,975 |
| Net value of noncharitable-use assets | $29,520 |
| Minimum investment return | $1,476 |
| Distributable Amount (for 2011) | |
| Distributable amount | $0 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $0 |
| 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 | $1 | $0 | $0 | $0 | $1 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $1 | $0 | $0 | $0 | $1 |
| 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 Iowa | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Pet Of Hawarden Inc | 803 13th Street, Hawarden, IA 51023 | IA | 2008-11 | $78,011 |
| 2 | Peter G Ballingall Estate | 2536 Kenwood St, Ottumwa, IA 52501-1252 | IA | 1947-06 | $7,572 |
| 3 | Peter H And E Lucille Gaass Kuyper Foundation | 617 Franklin Pl Ste 200, Pella, IA 50219-1679 | IA | 1970-12 | $808,071 |
| 4 | Petersen Family Foundation Inc | 1401 Country Club Dr, Harlan, IA 51537-2367 | IA | 1996-02 | $275,461 |
| 5 | Petersmeyer Educational Fund | PO BOX 292, Odebolt, IA 51458-0292 | IA | 1963-11 | $6 |
| 6 | Petroleum Marketers Of Iowa | 10430 New York Ave Ste F, Urbandale, IA 50322-3773 | IA | 1945-05 | $1,488,207 |
| 7 | Petroleum Marketers Of Iowa Trust | 10430 New York Ave Ste F, Urbandale, IA 50322-3773 | IA | 1988-02 | $10,249,000 |
| 8 | Pharmacists Mutual Foundation Inc | Po Box 370, Algona, IA 50511 | IA | 1987-07 | $51,811 |
| 9 | Pheasant Acres Apartments Inc | PO BOX 1438, Sioux City, IA 51102-1438 | IA | 1978-11 | $836,317 |
| 10 | Phelps Cemetery Inc | PO BOX 216, Decorah, IA 52101-0216 | IA | 1941-01 | $306,948 |
| 11 | Phelps Foundation | 1032 Prairie Meadow Ct, Waterloo, IA 50701-4836 | IA | 1966-11 | $641 |
| 12 | Phi Delta Theta Fraternity, Iowa Gamma Chapter | PO BOX 763, Ames, IA 50010-0763 | IA | 1967-04 | $287,630 |
| 13 | Phi Gamma Delta Fraternity, Alpha Iota Chapter | 325 Ash Ave, Ames, IA 50014-7165 | IA | 1966-12 | $164,750 |
| 14 | Phi Gamma Delta Fraternity, Delta Iota Chapter | 1236 34th St, Des Moines, IA 50311-2702 | IA | 1940-11 | $259,040 |
| 15 | Phi House Corporation Of Delta Delta Delta | 522 N Clinton St, Iowa City, IA 52245-6219 | IA | 1956-01 | $95,518 |
| 16 | Phi Kappa Psi Fraternity, Iowa Alpha Chapter | 132 Iowa Memorial Un, Iowa City, IA 52242-1317 | IA | 1941-01 | $572,419 |
| 17 | Phi Kappa Theta Fraternity, Iowa Xi Iowa State | PO BOX 393, Ames, IA 50010-0393 | IA | 1961-05 | $103,619 |
| 18 | Phi Rho Sigma Medical Society, Mu Chapter | 117 Ferson Ave, Iowa City, IA 52246-3505 | IA | 1966-08 | $141,456 |
| 19 | Philips Cupboard A Non-Food Pantry | 101 Knollwood Dr, Council Blfs, IA 51503-2009 | IA | 1993-08 | $14,150 |
| 20 | Phillip A Greiner Memorial Scholarship Fund | 1573 Pleasant Plain Rd, Fairfield, IA 52556-8974 | IA | 1988-02 | $504 |
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