Gibson Foundation Inc in Culver, 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
- Other organizations in Indiana
| Gibson Foundation Inc | |
| Employer Identification Number (EIN) | 351422779 |
| Name of Organization | Gibson Foundation Inc |
| Address | PO BOX 270, Culver, IN 46511-0270 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 09/1978 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,850,423 |
| Amount of Income | $265,983 |
| Form 990 Revenue Amount | $81,829 |
Non-representatives - add comments:
Revenue for 2012
Expenses 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 | $97,031 | $88,800 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $6 | |||
| Dividends and interest from securities | $58,040 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $38,985 | |||
| Total expenses and disbursements | $95,751 | $2,648 | $0 | $93,103 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $2,648 | $2,648 | $0 | |
| Contributions, gifts, grants paid | $93,103 | |||
| Excess of revenue over expenses and disbursements | $1,280 | |||
| Net investment income | $86,152 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,767,560 | $2,031,141 |
| Cash - non-interest-bearing | $45,097 | |
| Investments-U.S. and state government obligations | $145,683 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $208,596 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $1,368,184 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,767,560 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $38,985 |
| 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 | $862 |
| Total credits and payments | $800 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $800 |
| 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 | $62 |
| 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? | Yes |
| 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 | $2,025,349 |
| Net value of noncharitable-use assets | $1,994,960 |
| Minimum investment return | $99,748 |
| Distributable Amount (for 2012) | |
| Distributable amount | $98,886 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $98,886 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $16,801 |
| 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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| Other organizations in Indiana | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Gibault Care Inc, Gibault Health Care Center | 6401 S Us Highway 41, Terre Haute, IN 47802-4749 | IN | 2003-11 | $2,593,014 |
| 2 | Gibson Cemetery Inc | 23258 Stateline Rd, Lawrenceburg, IN 47025-7310 | IN | 1999-12 | $196,845 |
| 3 | Gibson County Area Rehabilitation Centers Inc | 4207 W State Road 64, Princeton, IN 47670-8445 | IN | 1974-06 | $5,282,895 |
| 4 | Gibson County Chamber Of Commerce | 202 E Broadway St, Princeton, IN 47670-1850 | IN | 1956-12 | $118,618 |
| 5 | Gibson County Council On The Aging Inc | 212 S Richland Creek Dr, Princeton, IN 47670-9569 | IN | 1977-12 | $184,464 |
| 6 | Gibson County Economic Developmentcorporation | 127 N Hart St, Princeton, IN 47670-1532 | IN | 2007-01 | $303,008 |
| 7 | Gibson County Horticultural And Agricultural Society | PO BOX 356, Princeton, IN 47670-0356 | IN | 1992-02 | $221,430 |
| 8 | Gibson County Soccer Club Inc | PO BOX 373, Princeton, IN 47670-0373 | IN | 1983-12 | $75,212 |
| 9 | Gibson County Step Ahead Council Inc | 618 S Hart, Princeton, IN 47670 | IN | 1997-10 | $0 |
| 10 | Gibson County Theatre Company Inc | PO BOX 634, Princeton, IN 47670-0634 | IN | 2007-03 | $222,509 |
| 11 | Gibson Foundation Inc | PO BOX 270, Culver, IN 46511-0270 | IN | 1978-09 | $265,983 |
| 12 | Gibson General Health Foundation | 1808 Sherman Dr, Princeton, IN 47670-1043 | IN | 1979-03 | $118,777 |
| 13 | Gibson General Hospital Inc | 1808 Sherman Dr, Princeton, IN 47670-1043 | IN | 1944-01 | $57,141,985 |
| 14 | Gibson General Hospital Womens Auxiliary | 1808 Sherman Dr, Princeton, IN 47670-1043 | IN | 1968-12 | $51,417 |
| 15 | Gibson Southern Band Boosters Inc | 508 N Main Street, Fort Branch, IN 47648 | IN | 1993-11 | $31,030 |
| 16 | Gibson Southern Titan Boosters Inc | 10412 S 290 W, Fort Branch, IN 47648-9103 | IN | 1997-03 | $25,073 |
| 17 | Gibson Water Inc | 517 E 1250 S, Haubstadt, IN 47639-8710 | IN | 1980-05 | $1,890,659 |
| 18 | Gilead House | 406 E Sycamore St, Kokomo, IN 46901-4825 | IN | 1998-11 | $134,897 |
| 19 | Gilead Ministries Inc | PO BOX 134, Marion, IN 46952-0134 | IN | 2001-07 | $185,348 |
| 20 | Gilmore And Golda Reynolds Foundation | PO BOX 41, Osgood, IN 47037-0041 | IN | 1991-03 | $1,650,880 |
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