Clifford Shumate Family Foundation Inc in Paris, Kentucky (KY)
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 Kentucky
| Clifford Shumate Family Foundation Inc | |
| Employer Identification Number (EIN) | 237406642 |
| Name of Organization | Clifford Shumate Family Foundation Inc |
| In Care of Name | Wayne Shumate |
| Address | PO BOX 291, Paris, KY 40362-0291 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 06/1975 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 07/2012 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $390,412 |
| Amount of Income | $91,477 |
| Form 990 Revenue Amount | $15,906 |
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 | $15,906 | $15,906 | $9,487 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $14 | |||
| Dividends and interest from securities | $9,473 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $6,419 | |||
| Total expenses and disbursements | $70,663 | $9,385 | $0 | $28,066 |
| Compensation of officers, directors, trustees, etc. | $33,212 | |||
| Total operating and administrative expenses | $42,597 | $9,385 | $0 | |
| Contributions, gifts, grants paid | $28,066 | |||
| Excess of revenue over expenses and disbursements | $-54,757 | |||
| Net investment income | $6,521 | |||
| Adjusted net income | $9,487 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $390,412 | $478,268 |
| Cash - non-interest-bearing | $81,318 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $253,441 | |
| Investments-corporate bonds | $42,024 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $13,424 | |
| Other | $205 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $390,412 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $6,419 |
| 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 | $130 |
| Total credits and payments | $335 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $320 |
| Exempt foreign organizations-tax withheld at source | $15 |
| 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 | $205 |
| Amount to be credited to 2013 estimated tax | $205 |
| 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 | $499,615 |
| Net value of noncharitable-use assets | $492,120 |
| Minimum investment return | $24,606 |
| Distributable Amount (for 2012) | |
| Distributable amount | $24,476 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $24,476 |
| 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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| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Clarkson Clinic Foundation Inc | PO BOX 158, Clarkson, KY 42726-0158 | KY | 1994-01 | $727 |
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| 4 | Clawson Family Charitable Foundation Inc | 3785 Jamaica Ct, Lexington, KY 40509-9506 | KY | 1999-11 | $3,198 |
| 5 | Clean Streams Foundation Inc | 746 Westland Dr Ste 110, Lexington, KY 40504-1005 | KY | 2001-06 | $8,657,175 |
| 6 | Clear Springs Volunteer Fire Department Incorporated | 890 Mountain Ridge Road, Hickory, KY 42051 | KY | 1987-12 | $0 |
| 7 | Cleftrock Christian Minstries Inc | 2917 Cleft Rock Rd, Mount Vernon, KY 40456-8581 | KY | 1977-02 | $91,856 |
| 8 | Cleveland Holdings Inc, Clark Claudicca Ttee | PO BOX 447, Versailles, KY 40383-0447 | KY | 2006-05 | $96,800 |
| 9 | Cleveland Home Inc | 570 Milner Rd, Versailles, KY 40383-9571 | KY | 1973-01 | $1,156,022 |
| 10 | Cliff Hagan Boys & Girls Club Inc | 3415 Buckland Sq, Owensboro, KY 42301-5982 | KY | 1967-11 | $999,918 |
| 11 | Clifford Shumate Family Foundation Inc | PO BOX 291, Paris, KY 40362-0291 | KY | 1975-06 | $91,477 |
| 12 | Clifton Cultural Center Inc | 2117 Payne St, Louisville, KY 40206-2011 | KY | 1995-09 | $568,824 |
| 13 | Clifty Volunteer Fire Department Inc | PO BOX 131, Clifty, KY 42216-0131 | KY | 1989-08 | $19,873 |
| 14 | Clinical Research Foundation Inc | 800 Zorn Avenue 151, Louisville, KY 40206-1433 | KY | 1991-05 | $485,080 |
| 15 | Clinton And Hickman County Hospital Inc | 366 S Washington St, Clinton, KY 42031-1324 | KY | 1957-08 | $3,988,901 |
| 16 | Clinton County Ez Community Inc | 26 Welcome Center Drive, Albany, KY 42602 | KY | 1996-05 | $0 |
| 17 | Clinton County Hospital Inc | 723 Burkesville Rd, Albany, KY 42602-1654 | KY | 1959-08 | $14,115,701 |
| 18 | Clinton-Hickman County Ambulance Service Inc | PO BOX 83, Clinton, KY 42031-0083 | KY | 1997-09 | $345,660 |
| 19 | Close Retreat Center Inc | 250 W Main St Ste 1600, Lexington, KY 40507-1726 | KY | 2009-08 | $171,229 |
| 20 | Clothe-A-Child & Food For The Elderly Consortium Incorporated | PO BOX 11366, Louisville, KY 40251-0366 | KY | 1977-12 | $73,687 |
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