Clinton E Newman Foundation in Fort Wayne, Indiana (IN)
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
Clinton E Newman Foundation | |
Employer Identification Number (EIN) | 341955380 |
Name of Organization | Clinton E Newman Foundation |
In Care of Name | Tower Bank & Trust |
Address | PO BOX 11080, Fort Wayne, IN 46855-1080 |
Subsection | Charitable Organization |
Ruling Date | 06/2001 |
Deductibility | Contributions are deductible |
Foundation | Private non-operating foundation |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2011 |
Assets | $100,000 to $499,999 |
Income | $10,000 to $24,999 |
Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
Asset Amount | $172,257 |
Amount of Income | $14,334 |
Form 990 Revenue Amount | $20,128 |
National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2011: $14,334 (it was $388,740 in 2010)
Clinton E Newman Foundation: | $14,334 |
Other organizations performing similar types of work: | $105,489 |
Assets in 2011: $172,257 (it was $428,640 in 2010)
This organization: | $172,257 |
Other organizations performing similar types of work: | $325,460 |
Expenses in 2011: $276,511
Clinton E Newman Foundation: | $276,511 |
Other organizations performing similar types of work: | $49,058 |
Income to expenses ratio in 2011: 0.1
This organization: | 0.1 |
Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2011: 0.0%
This organization: | 0.0% |
Other organizations performing similar types of work: | 22.8% |
Revenue for 2011
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 | $20,128 | $17,328 | $0 | |
Contributions, gifts, grants, etc., received | $0 | |||
Interest on savings and temporary cash investments | $0 | |||
Dividends and interest from securities | $14,334 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $0 | |||
Other | $5,794 | |||
Total expenses and disbursements | $276,511 | $12,599 | $0 | $263,912 |
Compensation of officers, directors, trustees, etc. | $3,116 | |||
Total operating and administrative expenses | $13,081 | $12,599 | $482 | |
Contributions, gifts, grants paid | $263,430 | |||
Excess of revenue over expenses and disbursements | $-256,383 | |||
Net investment income | $4,729 | |||
Adjusted net income | $0 |
Balance Sheets (for 2011) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $172,257 | $170,083 |
Cash - non-interest-bearing | $0 | |
Investments-U.S. and state government obligations | $0 | |
Investments-corporate stock | $0 | |
Investments-corporate bonds | $77,323 | |
Investments-mortgage loans | $0 | |
Investments-other | $0 | |
Other | $94,934 | |
Total liabilities | $0 | |
Total liabilities and net assets/fund balances | $172,257 |
Capital Gains and Losses for Tax on Investment Income (for 2011) | |
Capital gain net income | $5,794 |
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 | $47 |
Total credits and payments | $86 |
2011 estimated tax payments and 2010 overpayment credited to 2011 | $86 |
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 |
Overpayment | $39 |
Amount to be credited to 2012 estimated tax | $39 |
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? | Yes |
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 | $275,159 |
Net value of noncharitable-use assets | $271,040 |
Minimum investment return | $13,552 |
Distributable Amount (for 2011) | |
Distributable amount | $13,505 |
Undistributed Income (for 2011) | |
Distributable amount for 2011 | $13,505 |
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 | William Lant Ridgway Charitable Trust | PO BOX 207, Evansville, IN 47702-0207 | IN | 2013-07 | $66,219,350 |
2 | Welborn Baptist Foundation Inc | Twentyone Southeast Third Street, Evansville, IN 47708 | IN | 1998-10 | $57,971,706 |
3 | Wellpoint Foundation Inc | 120 Monument Cir, Indianapolis, IN 46204-4906 | IN | 2002-02 | $22,273,453 |
4 | David P Sheetz Foundation | 303 Blue Ridge Rd, Indianapolis, IN 46208-3623 | IN | 2010-07 | $12,272,936 |
5 | Hubbard Family Foundation Inc | 101 W Ohio St Ste 1350, Indianapolis, IN 46204-1996 | IN | 2012-02 | $7,421,069 |
6 | Semler Family Foundation Inc | 8015 Heyward Dr, Indianapolis, IN 46250-4226 | IN | 2005-10 | $7,167,370 |
7 | Sourlis Irrv Charitable Tr | 9204 Columbia Avenue, Munster, IN 46321-3570 | IN | 2008-03 | $4,837,179 |
8 | The Douglas & Angela Braly Family Foundation, Douglas A Braly Et Al Ttee | 832 Alverna Dr, Indianapolis, IN 46260-4955 | IN | 2014-06 | $4,311,580 |
9 | Herbert And Bui Simon Foundation Inc | 225 W Washington St, Indianapolis, IN 46204-3435 | IN | 2014-06 | $4,273,733 |
10 | Exacttarget Foundation Inc | 20 N Meridian St, Indianapolis, IN 46204-3007 | IN | 2011-11 | $3,648,493 |
11 | Smithville Charitable Foundation Inc | 820 West Termperance St, Ellettsville, IN 47429 | IN | 2013-06 | $3,027,073 |
12 | The Namaste Foundation Inc | 9704 Raintree Dr S, Columbus, IN 47201-9295 | IN | 1991-02 | $2,760,275 |
13 | Alan W Sharon A Braun Family Foundation Inc | 4018 Fairfax Rd, Evansville, IN 47710-3719 | IN | 2012-05 | $2,607,686 |
14 | Widows Jar Ministries Inc | 10210 Holaday Dr, Carmel, IN 46032 | IN | 2006-11 | $1,458,740 |
15 | Anam Foundation | 430 Indiana Ave, Indianapolis, IN 46202-3275 | IN | 2012-06 | $874,749 |
16 | Ilf Foundation Inc | 1295 W County Road 60 S, North Vernon, IN 47265-7034 | IN | 2014-09 | $850,000 |
17 | 2nd Mile Adventures Inc | PO BOX 733, Winona Lake, IN 46590-0733 | IN | 2007-10 | $775,788 |
18 | Society Of St Vincent Depaul District Council Of Gary Indiana I | 7148 California Ave, Hammond, IN 46323-2323 | IN | 2004-01 | $740,633 |
19 | Children First Learning Center Foundation | 807 Merrillville Rd, Crown Point, IN 46307-3211 | IN | 2011-10 | $711,510 |
20 | Griffith Family Foundation Inc | 663 Forest Blvd, Indianapolis, IN 46240-2515 | IN | 2009-10 | $655,706 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 22,395 |
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