Reily Foundation in New Orleans, Louisiana (LA)
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 Louisiana
| Reily Foundation | |
| Employer Identification Number (EIN) | 726029179 |
| Name of Organization | Reily Foundation |
| Address | 640 Magazine St, New Orleans, LA 70130-3406 |
| Activities | Other cultural or historical activities, Other school related activities, Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 06/1964 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $5,000,000 to $9,999,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $14,602,046 |
| Amount of Income | $8,265,110 |
| Form 990 Revenue Amount | $1,062,275 |
Non-representatives - add comments:
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 | $1,062,275 | $1,062,275 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $153,398 | |||
| Dividends and interest from securities | $177,628 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $731,249 | |||
| Total expenses and disbursements | $1,006,275 | $109,446 | $0 | $896,829 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $110,946 | $109,446 | $1,500 | |
| Contributions, gifts, grants paid | $895,329 | |||
| Excess of revenue over expenses and disbursements | $56,000 | |||
| Net investment income | $952,829 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $14,602,046 | $16,539,729 |
| Cash - non-interest-bearing | $415,825 | |
| Investments-U.S. and state government obligations | $1,475,270 | |
| Investments-corporate stock | $10,705,304 | |
| Investments-corporate bonds | $1,956,352 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $49,295 | |
| Total liabilities | $125,000 | |
| Mortgages and other notes payable | $0 | |
| Other | $125,000 | |
| Total liabilities and net assets/fund balances | $14,477,046 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $731,249 |
| 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 | $9,528 |
| Total credits and payments | $31,000 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $31,000 |
| 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 | $21,472 |
| Amount to be credited to 2012 estimated tax | $21,472 |
| 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 | $16,302,378 |
| Net value of noncharitable-use assets | $16,057,840 |
| Minimum investment return | $802,892 |
| Distributable Amount (for 2011) | |
| Distributable amount | $793,364 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $793,364 |
| 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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| Other organizations in Louisiana | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Red Shoes Inc | 2303 Govemment Street, Baton Rouge, LA 70806 | LA | 2001-06 | $151,610 |
| 2 | Red Stick Rockets Inc | 7639 Jeferson Highway, Baton Rouge, LA 70809 | LA | 2005-07 | $0 |
| 3 | Reddoch Family Foundation | 104 Ramblewood Dr, Lafayette, LA 70508-7402 | LA | 2005-01 | $269,753 |
| 4 | Redeemed Ranch Camp | 604 Woodmill Rd, Heflin, LA 71039-3031 | LA | 2003-03 | $74,511 |
| 5 | Refined By Fire Ministries | 174 Highland Mdws, Jackson, LA 70748-4370 | LA | 1995-08 | $160,347 |
| 6 | Regina Coeli Child Development Center | 22476 Highway 190 E, Robert, LA 70455-1732 | LA | 1973-03 | $14,265,487 |
| 7 | Regional Military Museum Foundation Inc | PO BOX 10247, Houma, LA 70363-0247 | LA | 2005-12 | $264,543 |
| 8 | Regional Neighborhood Community Development Corporation | 1800 Canal St, New Orleans, LA 70112-3014 | LA | 1994-03 | $464,519 |
| 9 | Registry Of Interpreters For The Deaf | P O Box77018, Baton Rouge, LA 70879 | LA | 1981-06 | $14,323 |
| 10 | Reilly Family Foundation | 402 N 4th St, Baton Rouge, LA 70802-5506 | LA | 2001-01 | $5,184,974 |
| 11 | Reily Foundation | 640 Magazine St, New Orleans, LA 70130-3406 | LA | 1964-06 | $8,265,110 |
| 12 | Reimers Gordon Community Outreach Program Inc | 45006 Tanglewood Dr, Hammond, LA 70401-4441 | LA | 2003-05 | $1 |
| 13 | Reimers Memorial Foundation | 907 S Chestnut St, Hammond, LA 70403-5101 | LA | 1956-10 | $9,207 |
| 14 | Rejazz New Orleans | PO BOX 61540, New Orleans, LA 70161-1540 | LA | 2005-10 | $26,240 |
| 15 | Releasing Anger And Grief Then Smiling, R A G S | 519 Avenue B, Marrero, LA 70072-2013 | LA | 1992-11 | $1 |
| 16 | Relief Fund Of The Louisiana Dental Association | 7833 Office Park Blvd, Baton Rouge, LA 70809-7604 | LA | 1966-10 | $1,363 |
| 17 | Renaissance Development Corporation | 343 Third St 414, Baton Rouge, LA 70802 | LA | 1994-02 | $124,624 |
| 18 | Renaissance Project | 5234 N Claiborne Ave, New Orleans, LA 70117-3604 | LA | 2005-02 | $580,778 |
| 19 | Renewal Inc | 513 Sunnyside St, Monroe, LA 71202-3155 | LA | 1999-03 | $15,458 |
| 20 | Renewed Hope Center Inc | 2763 Sgt Alfred Dr A, Slidell, LA 70458 | LA | 2008-09 | $0 |
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