Belay Foundation in Ketchum, Idaho (ID)
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
| Belay Foundation | |
| Employer Identification Number (EIN) | 770537819 |
| Name of Organization | Belay Foundation |
| Address | PO BOX 6559, Ketchum, ID 83340-6559 |
| Subsection | Charitable Organization |
| Ruling Date | 04/2001 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $572,662 |
| Amount of Income | $162,091 |
| Form 990 Revenue Amount | $60,178 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2013: $162,091 (it was $61,008 in 2012)
| This organization: | $162,091 |
| Other organizations performing similar types of work: | $103,138 |
Assets in 2013: $572,662 (it was $470,571 in 2012)
| This organization: | $572,662 |
| Other organizations performing similar types of work: | $338,623 |
Expenses in 2012: $50,000
| Belay Foundation: | $50,000 |
| Other organizations performing similar types of work: | $46,867 |
Income to expenses ratio in 2012: 3.2
| This organization: | 3.2 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 82.0%
| This organization: | 82.0% |
| Other organizations performing similar types of work: | 79.6% |
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 | $61,008 | $11,008 | $0 | |
| Contributions, gifts, grants, etc., received | $50,000 | |||
| Interest on savings and temporary cash investments | $1 | |||
| Dividends and interest from securities | $11,007 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $50,000 | $0 | $0 | $50,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $0 | $0 | $0 | |
| Contributions, gifts, grants paid | $50,000 | |||
| Excess of revenue over expenses and disbursements | $11,008 | |||
| Net investment income | $11,008 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $470,571 | $532,751 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $464,168 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $6,403 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $470,571 | |
| 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 | $110 |
| Total credits and payments | $312 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $312 |
| 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 | $202 |
| Amount to be credited to 2013 estimated tax | $202 |
| 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 | $495,435 |
| Net value of noncharitable-use assets | $488,000 |
| Minimum investment return | $24,400 |
| Distributable Amount (for 2012) | |
| Distributable amount | $24,290 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $24,290 |
| 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 | Greg Carr Foundation Inc | 313 N Water Ave, Idaho Falls, ID 83402-3716 | ID | 2010-05 | $18,954,583 |
| 2 | Nancy L Goldsmith And John E Goldsmith Family Foundation | 711 Kintail Dr, Hailey, ID 83333-8628 | ID | 2009-09 | $782,243 |
| 3 | Ticknor Foundation Inc | 2150 E Bluestem Ln, Boise, ID 83706-6116 | ID | 1999-12 | $446,965 |
| 4 | Voigt Foundation | PO BOX 2044, Idaho Falls, ID 83403-2044 | ID | 2007-08 | $340,762 |
| 5 | Opportunity Foundation | 1450 Northwest Blvd Ste 101, Coeur D Alene, ID 83814-5605 | ID | 2009-06 | $258,318 |
| 6 | Sylvan Creek Foundation Inc | 1010 W Jefferson St Ste 200, Boise, ID 83702-5453 | ID | 2001-03 | $211,159 |
| 7 | Thomas Family Foundation | 1312 Fir St, Sandpoint, ID 83864-2025 | ID | 2000-06 | $168,749 |
| 8 | Smelek Family Foundation Inc | 967 E Parkcenter Blvd Ste 222, Boise, ID 83706-6721 | ID | 2001-02 | $149,358 |
| 9 | The Ronald J & Naomi M Hamilton Family Foundation Inc | PO BOX 1229, Mccall, ID 83638-1229 | ID | 2000-03 | $143,848 |
| 10 | Tzo-Nah Fund, Tzo-Nah Ttee | PO BOX 2563, Boise, ID 83701-2563 | ID | 2006-05 | $135,309 |
| 11 | Twin Falls Lodge No 45 Af&am Bowersfoundation Inc | PO BOX 5523, Twin Falls, ID 83303-5523 | ID | 2012-05 | $127,924 |
| 12 | Green Family Foundation Inc | 3383 E Dodd Rd, Hayden, ID 83835-5007 | ID | 2011-05 | $52,725 |
| 13 | Thomas And Susan Buuck Foundationinc | 6168 N Elk Ranch Ln, Meridian, ID 83646-5110 | ID | 2006-02 | $51,140 |
| 14 | Tunney Foundation | PO BOX 3873, Ketchum, ID 83340-3873 | ID | 2002-03 | $48,221 |
| 15 | Rothschild Family Foundation | 880 Riverside Dr, Bellevue, ID 83313-5194 | ID | 2006-10 | $22,000 |
| 16 | Stukenholtz Family Foundation | 3420 Moonlight Dr, Kimberly, ID 83341-4008 | ID | 2009-04 | $14,793 |
| 17 | Wen Foundation Inc | PO BOX 2724, Boise, ID 83701-2724 | ID | 2004-06 | $13,006 |
| 18 | The Veterinary Pet Insurance Skeeter Foundation Inc | PO BOX 5128, Twin Falls, ID 83303-5128 | ID | 2000-07 | $9,011 |
| 19 | Treasure Valley Hospital Foundation | 8854 W Emerald St Ste 140, Boise, ID 83704-4845 | ID | 2006-09 | $5,503 |
| 20 | The Deatley Family Foundation | 4341 Snake River Ave, Lewiston, ID 83501-5195 | ID | 2008-10 | $1,500 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 20,448 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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