Norris Family Foundation Inc in Jasper, 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
| Norris Family Foundation Inc | |
| Employer Identification Number (EIN) | 352114824 |
| Name of Organization | Norris Family Foundation Inc |
| In Care of Name | Randall G Norris |
| Address | 1125 W 6th St, Jasper, IN 47546-2506 |
| Subsection | Charitable Organization |
| Ruling Date | 09/2000 |
| 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 | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $260,420 |
| Amount of Income | $579,995 |
| Form 990 Revenue Amount | $63,525 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Corporate Foundations |
Non-representatives - add comments:
Amount of income in 2011: $579,995 (it was $295,657 in 2010)
| Norris Family Foundation Inc: | $579,995 |
| Other organizations performing similar types of work: | $107,502 |
Assets in 2011: $260,420 (it was $582,010 in 2010)
| Norris Family Foundation Inc: | $260,420 |
| Other organizations performing similar types of work: | $322,766 |
Expenses in 2011: $385,115
| Norris Family Foundation Inc: | $385,115 |
| Other organizations performing similar types of work: | $58,249 |
Income to expenses ratio in 2011: 1.5
| Norris Family Foundation Inc: | 1.5 |
| Other organizations performing similar types of work: | 2.0 |
Grants share in income in 2011: 0.0%
| Norris Family Foundation Inc: | 0.0% |
| Other organizations performing similar types of work: | 98.7% |
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 | $63,525 | $13,598 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $1,819 | |||
| Dividends and interest from securities | $11,779 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $49,927 | |||
| Total expenses and disbursements | $385,115 | $5,188 | $0 | $379,927 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $10,655 | $5,188 | $5,467 | |
| Contributions, gifts, grants paid | $374,460 | |||
| Excess of revenue over expenses and disbursements | $-321,590 | |||
| Net investment income | $8,410 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $260,420 | $280,286 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $22,611 | |
| Investments-corporate stock | $186,641 | |
| Investments-corporate bonds | $6,270 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $19,660 | |
| Other | $25,238 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $260,420 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $49,927 |
| 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 | $84 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $84 |
| 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? | 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? | 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? | 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 | $462,949 |
| Net value of noncharitable-use assets | $456,000 |
| Minimum investment return | $22,800 |
| Distributable Amount (for 2011) | |
| Distributable amount | $22,716 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $22,716 |
| 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 | Tom And Julie Wood Family Foundation Inc | 3003 E 98th Street, Indianapolis, IN 46280-1998 | IN | 2011-05 | $11,465,805 |
| 2 | The Oneamerica Foundation Inc | PO BOX 368, Indianapolis, IN 46206-0368 | IN | 1986-01 | $3,876,186 |
| 3 | Saltsburg Fund Charitable Tr, Buttrey Karen Lake Ttee | PO BOX 836, Carmel, IN 46082-0836 | IN | 2000-12 | $2,941,618 |
| 4 | The@carson And Rosemary Noecker Family Foundation | PO BOX 207, Evansville, IN 47702-0207 | IN | 2005-02 | $744,464 |
| 5 | J&s Laidig Family Foundation Inc | 14450 Madison Rd, Mishawaka, IN 46544-9103 | IN | 2010-09 | $733,362 |
| 6 | Robert & Toni Bader Charitable Foundation Inc | 5262 Roland Dr, Indianapolis, IN 46228-2225 | IN | 2011-01 | $733,067 |
| 7 | Carlisle A Jordan Jr Charitable Tr | 200 E Twelfth St Ste B, Jeffersonville, IN 47130-3854 | IN | 2012-01 | $678,700 |
| 8 | Steel Dynamics Foundation Inc | 7575 W Jefferson Blvd, Fort Wayne, IN 46804-4131 | IN | 2009-10 | $666,237 |
| 9 | Leep Foundation | 5201 Grape Rd, Mishawaka, IN 46545-1343 | IN | 2009-10 | $392,095 |
| 10 | Traylor Family Foundation Inc | 835 N Congress Ave, Evansville, IN 47715-2452 | IN | 2001-12 | $321,610 |
| 11 | Walter C Doebling Trust B, Jerry P Baugh Ttee | PO BOX 207, Evansville, IN 47702-0207 | IN | 2008-02 | $250,826 |
| 12 | Interactive Intelligence Foundation | 7601 Interactive Way, Indianapolis, IN 46278-2727 | IN | 2011-03 | $245,730 |
| 13 | United Hope Foundation Inc | 6350 Rucker Rd Ste 101, Indianapolis, IN 46220-4893 | IN | 2005-02 | $196,927 |
| 14 | Fall Creek Valley Foundation Inc | 4637 S 575 E, Whitestown, IN 46075-9361 | IN | 2011-09 | $147,965 |
| 15 | First Savings Charitable Foundation | 501 E Lewis And Clark Pkwy, Clarksville, IN 47129-1729 | IN | 2010-08 | $139,950 |
| 16 | Bawel Family Charities Inc | 2667 S Meridian Rd, Jasper, IN 47546 | IN | 2012-03 | $40,022 |
| 17 | Stitle Family Foundation Inc | 8224 Hunters Pl, Indianapolis, IN 46236-9355 | IN | 2000-09 | $33,273 |
| 18 | Standard Management Corporation Charitable Trust Inc Fund | 10689 N Pennsylvania St, Indianapolis, IN 46280-1087 | IN | 1999-07 | $16,100 |
| 19 | Beacon Credit Union Foundation Inc | PO BOX 627, Wabash, IN 46992-0627 | IN | 2012-11 | $15,055 |
| 20 | Miller Family Foundation Inc | 1110 N Main St, Goshen, IN 46528-2638 | IN | 2008-03 | $1,409 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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