W Foster Hughes Charitable Tr 1503-1045000022 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
- Organizations performing similar types of work
| W Foster Hughes Charitable Tr 1503-1045000022 | |
| Employer Identification Number (EIN) | 726164805 |
| Name of Organization | W Foster Hughes Charitable Tr 1503-1045000022 |
| Address | 228 St Charles Ave 2nd Flr Trust, New Orleans, LA 70130-2601 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 03/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $665,456 |
| Amount of Income | $149,273 |
| Form 990 Revenue Amount | $31,043 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2013: $149,273 (it was $146,551 in 2011)
| W Foster Hughes Charitable Tr 1503-1045000022: | $149,273 |
| Other organizations performing similar types of work: | $120,160 |
Assets in 2013: $665,456 (it was $687,377 in 2011)
| This organization: | $665,456 |
| Other organizations performing similar types of work: | $450,518 |
Expenses in 2011: $31,064
| This organization: | $31,064 |
| Other organizations performing similar types of work: | $61,287 |
Income to expenses ratio in 2011: 4.8
| This organization: | 4.8 |
| Other organizations performing similar types of work: | 7.3 |
Grants share in income in 2011: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 8.9% |
Revenue for 2011
Expenses 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 | $31,043 | $31,816 | $31,816 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $13,943 | |||
| Dividends and interest from securities | $17,873 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $31,064 | $8,416 | $8,416 | $31,064 |
| Compensation of officers, directors, trustees, etc. | $7,816 | |||
| Total operating and administrative expenses | $8,416 | $8,416 | $8,416 | |
| Contributions, gifts, grants paid | $22,648 | |||
| Excess of revenue over expenses and disbursements | $-21 | |||
| Net investment income | $23,400 | |||
| Adjusted net income | $23,400 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $687,377 | $726,610 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $687,377 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $687,377 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $-773 |
| 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 | $468 |
| Total credits and payments | $212 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $212 |
| 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 | $256 |
| 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? | 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 | $725,032 |
| Net value of noncharitable-use assets | $714,160 |
| Minimum investment return | $35,708 |
| Distributable Amount (for 2011) | |
| Distributable amount | $35,240 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $35,240 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $10,284 |
| 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 | Juliet E Hardtner Fund, Blake William D Ttee | PO BOX 1447, Lake Charles, LA 70602-1447 | LA | 1998-11 | $5,624,623 |
| 2 | Toler Foundation | 36 Cypress Rd, Covington, LA 70433-4306 | LA | 1998-03 | $4,018,530 |
| 3 | Lorio Foundation | PO BOX 895, Thibodaux, LA 70302-0895 | LA | 1997-02 | $3,195,271 |
| 4 | Almar Foundation | 601 Poydras St Ste 1726, New Orleans, LA 70130-6039 | LA | 1997-06 | $2,932,710 |
| 5 | Belle Johnson Scholars Foundation | 639 Loyola Avenue, New Orleans, LA 70113-3125 | LA | 1998-02 | $710,186 |
| 6 | Aimee Favrot & Michael Bell Family Fund | 310 Woodvine Ave, Metairie, LA 70005-4146 | LA | 1997-01 | $474,750 |
| 7 | Virginia Rosanne Amato Foundation | 1615 Poydras St 22nd Flr Ste 2270, New Orleans, LA 70112-1254 | LA | 1997-07 | $214,136 |
| 8 | Thomas B Farvot Jr Family Fund | 400 Fairway Dr, New Orleans, LA 70124-1023 | LA | 1997-01 | $208,195 |
| 9 | W Foster Hughes Charitable Tr 1503-1045000022 | 228 St Charles Ave 2nd Flr Trust, New Orleans, LA 70130-2601 | LA | 1997-03 | $149,273 |
| 10 | Zadeck Family Foundation | 401 Market St Ste 480, Shreveport, LA 71101-3295 | LA | 1997-08 | $65,017 |
| 11 | Stephen Orlando Carter & Ethel Elmira Carter Foundation | 775 Oak Grove Hwy, Grand Chenier, LA 70643-3242 | LA | 1998-01 | $47,002 |
| 12 | Schon Charitable Fountation, Anita Novak Schon Ttee | 510 Saint Louis St, New Orleans, LA 70130-2118 | LA | 1998-01 | $30,000 |
| 13 | Shlenker Family Foundation | 1100 Poydras St Ste 3600, New Orleans, LA 70163-3605 | LA | 1998-09 | $16,677 |
| 14 | W K And Elleonora P Mcwilliams Foundation | 139 N Theard St, Covington, LA 70433-2831 | LA | 1997-11 | $3,851 |
| 15 | Tesson Foundation | 321 Sena Dr, Metairie, LA 70005-3343 | LA | 1996-03 | $553 |
| 16 | Ann Marie Fund Inc | 1407 W Lincoln Rd, Lake Charles, LA 70605-0640 | LA | 1998-02 | $0 |
| 17 | Friends Of Health Care Centers In Schools Inc | 5650 Claycut Rd, Baton Rouge, LA 70806-7213 | LA | 1994-06 | $0 |
| 18 | Kunzweiler Family Foundation | 228 St Charles Ave Ste 1000, New Orleans, LA 70130-2610 | LA | 1998-09 | $0 |
| 19 | Louisiana Association Of Life Underwriters Charitable Fdtn | 5526 Galeria Dr, Baton Rouge, LA 70816-6082 | LA | 1997-07 | $0 |
| 20 | North Platte Youth Bowing Association | 22640 South Hickey Court, Zachary, LA 70791 | LA | 1993-01 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 5,225 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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