H Arthur Smith Charitable Foundation in Federal Way, Washington (WA)
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
| H Arthur Smith Charitable Foundation | |
| Employer Identification Number (EIN) | 043391489 |
| Name of Organization | H Arthur Smith Charitable Foundation |
| Address | 30221 33rd Ave Sw, Federal Way, WA 98023-2322 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 01/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| 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 | $1,636,310 |
| Amount of Income | $413,269 |
| Form 990 Revenue Amount | $115,792 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2013: $413,269 (it was $581,684 in 2012)
| This organization: | $413,269 |
| Other organizations performing similar types of work: | $120,160 |
Assets in 2013: $1,636,310 (it was $1,683,936 in 2012)
| H Arthur Smith Charitable Foundation: | $1,636,310 |
| Other organizations performing similar types of work: | $450,518 |
Expenses in 2012: $137,663
| This organization: | $137,663 |
| Other organizations performing similar types of work: | $61,287 |
Income to expenses ratio in 2012: 3.0
| H Arthur Smith Charitable Foundation: | 3.0 |
| Other organizations performing similar types of work: | 7.3 |
Grants share in income in 2012: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 8.9% |
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 | $94,549 | $94,549 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $18,124 | |||
| Dividends and interest from securities | $45,587 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $30,838 | |||
| Total expenses and disbursements | $137,663 | $23,517 | $0 | $113,596 |
| Compensation of officers, directors, trustees, etc. | $3,200 | |||
| Total operating and administrative expenses | $27,663 | $23,517 | $3,596 | |
| Contributions, gifts, grants paid | $110,000 | |||
| Excess of revenue over expenses and disbursements | $-43,114 | |||
| Net investment income | $71,032 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,683,936 | $1,838,513 |
| Cash - non-interest-bearing | $90,984 | |
| Investments-U.S. and state government obligations | $15,448 | |
| Investments-corporate stock | $481,089 | |
| Investments-corporate bonds | $375,592 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $715,665 | |
| Other | $5,158 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $1,683,936 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $30,838 |
| 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 | $710 |
| Total credits and payments | $1,885 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,885 |
| 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 | $0 |
| Overpayment | $1,175 |
| Amount to be credited to 2013 estimated tax | $1,175 |
| 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? | Yes |
| 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 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 | $1,803,333 |
| Net value of noncharitable-use assets | $1,776,280 |
| Minimum investment return | $88,814 |
| Distributable Amount (for 2012) | |
| Distributable amount | $88,104 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $88,104 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Thomas C Wright Foundation | 10885 Ne 4th St Ste 320, Bellevue, WA 98004-5525 | WA | 1998-11 | $4,677,846 |
| 2 | Wissner-Slivka Foundation | PO BOX 3904, Bellevue, WA 98009-3904 | WA | 1998-12 | $3,817,917 |
| 3 | Tew Foundation | 1000 Second Avenue 34th Floor, Seattle, WA 98104-1022 | WA | 1998-02 | $2,160,927 |
| 4 | Sloan Foundation | 1301 5th Ave Ste 3000, Seattle, WA 98101-2641 | WA | 1997-07 | $966,751 |
| 5 | The Marvin Foundation | 4019 Hunts Point Rd, Hunts Point, WA 98004-1109 | WA | 1995-01 | $500,671 |
| 6 | Razore Foundation | 3927 Lake Washington Blvd Ne, Kirkland, WA 98033-7812 | WA | 1998-05 | $479,715 |
| 7 | Zufall Family Foundation | 2420 Nw 201st Pl, Shoreline, WA 98177-2427 | WA | 1998-11 | $413,581 |
| 8 | The@mark G And Bernee D L Strom Foundation | 5505 Lake Washington Blvd Ne, Kirkland, WA 98033-7379 | WA | 1998-07 | $389,630 |
| 9 | Riley W And Nancy A Pleas Family Foundation | 2410 Boyer Ave E Ste 1, Seattle, WA 98112-2157 | WA | 1995-03 | $210,692 |
| 10 | Randy Meyers T O D A Y Foundation Org Dedicated To Athletics & Youth | PO BOX 790, Brush Prairie, WA 98606-0790 | WA | 1995-01 | $200,399 |
| 11 | Riverview Educational Foundation | PO BOX 62, Carnation, WA 98014-0062 | WA | 1993-04 | $198,802 |
| 12 | S O S Foundation | 2900 Ne Blakeley St Ste B 1, Seattle, WA 98105-3100 | WA | 1997-09 | $183,390 |
| 13 | Simperman-Corette Foundation | 5609 80th Ave Se, Mercer Island, WA 98040-4831 | WA | 1995-02 | $141,067 |
| 14 | Ulmschneider Educational Foundation | PO BOX Q, Greenbank, WA 98253-0191 | WA | 1998-06 | $115,896 |
| 15 | Sharing Foundation | PO BOX 2633, Redmond, WA 98073-2633 | WA | 1998-09 | $91,171 |
| 16 | Titus-Will Families Foundation | 616 Broadway, Tacoma, WA 98402-3899 | WA | 1995-06 | $63,841 |
| 17 | Raymond T Moore Trust 44150765 12-27-82 Fbo, 1st Presbyterian Church | 2825 Colby, Everett, WA 98201-3554 | WA | 1995-04 | $57,325 |
| 18 | Ralph Benaroya Family Foundation | 127 3rd Ave Apt 602, Kirkland, WA 98033-6177 | WA | 1995-02 | $22,941 |
| 19 | Ttf Foundation | 15600 Ne 8th St Ste B1 Pmb 256, Bellevue, WA 98008-3958 | WA | 1995-04 | $4,167 |
| 20 | Worthington Foundation | 4242 Sunset Beach Dr Nw, Olympia, WA 98502-1550 | WA | 1995-05 | $3,579 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 5,225 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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