Providence Foundation in Jackson, Mississippi (MS)
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
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Organizations performing similar types of work
| Providence Foundation | |
| Employer Identification Number (EIN) | 640934113 |
| Name of Organization | Providence Foundation |
| In Care of Name | E B Martin Jr |
| Address | PO BOX 13688, Jackson, MS 39236-3688 |
| Subsection | Charitable Organization |
| Ruling Date | 06/2002 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1 |
| Amount of Income | $1 |
| Form 990 Revenue Amount | $1 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2011: $1 (it was $170 in 2010)
| This organization: | $1 |
| Other organizations performing similar types of work: | $105,489 |
Assets in 2011: $1 (it was $965 in 2010)
| This organization: | $1 |
| Other organizations performing similar types of work: | $325,460 |
Expenses in 2011: $668
| Providence Foundation: | $668 |
| Other organizations performing similar types of work: | $49,058 |
Income to expenses ratio in 2011: 0.0
| Providence Foundation: | 0.0 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2011: 0.0%
| Providence Foundation: | 0.0% |
| Other organizations performing similar types of work: | 22.8% |
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 | $1 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $1 | |||
| Total expenses and disbursements | $668 | $0 | $0 | $668 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $148 | $0 | $0 | |
| Contributions, gifts, grants paid | $520 | |||
| Excess of revenue over expenses and disbursements | $-668 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1 | $0 |
| 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 | $0 | |
| Other | $1 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $0 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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 | $500 |
| Net value of noncharitable-use assets | $480 |
| Minimum investment return | $24 |
| Distributable Amount (for 2011) | |
| Distributable amount | $24 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $24 |
| 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 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $24,687 | $0 | $24,687 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $246,871 | $15 | $24,687 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $0 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $0 |
| Unrelated business taxable income | $24,687 |
| Unrelated business taxable income before net operating loss deduction | $24,687 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $24,687 |
| Specific deduction | $1,000 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Parker Lifeshare Foundation | PO BOX 1937, Madison, MS 39130-1937 | MS | 2014-01 | $10,796,058 |
| 2 | William T Childs Iii Charitabletrust Uw Dated 10 28 2004, Bancorpsouth Bank Ttee | PO BOX 789, Tupelo, MS 38802-0789 | MS | 2007-04 | $763,103 |
| 3 | Gillis Family Foundation | 730 Alabama St, Columbus, MS 39702-5402 | MS | 2014-09 | $311,521 |
| 4 | Tarver Foundation | PO BOX 216, Greenville, MS 38702-0216 | MS | 1999-10 | $97,247 |
| 5 | Sweetwater Foundation | PO BOX 1580, Jackson, MS 39215-1580 | MS | 2000-04 | $91,239 |
| 6 | Abundant Grace Foundation | 1286 Adkins Ln, Pickens, MS 39146-3281 | MS | 2013-02 | $77,280 |
| 7 | Mike And Janie Jarvis Family Foundation, Michael A Jarvis Ttee | 217 Calumet Dr, Madison, MS 39110-8686 | MS | 2013-10 | $45,296 |
| 8 | Thomas S Elmore Foundation | 109 W Commerce St, Aberdeen, MS 39730-2631 | MS | 2005-02 | $25,008 |
| 9 | Parker Graves Foundation Inc | PO BOX 1760, Tunica, MS 38676-1760 | MS | 2013-09 | $19,065 |
| 10 | Key Hands Foundation | PO BOX 590, Madison, MS 39130-0590 | MS | 2014-04 | $17,045 |
| 11 | Galaxie Foundation | PO BOX 12630, Jackson, MS 39236-2630 | MS | 2013-03 | $14,972 |
| 12 | Charles & Cynthia Bell Foundation | PO BOX 3032, Madison, MS 39130-3032 | MS | 2013-05 | $10,117 |
| 13 | Ambassador Mike Retzer Charitable Foundation | PO BOX 4457, Greenville, MS 38704-4457 | MS | 2009-07 | $10,000 |
| 14 | Uriel Medical Foundation | 101 Iberville Dr, Ocean Springs, MS 39564 | MS | 2007-03 | $8,503 |
| 15 | Sarah Elizabeth Allison Foundation Inc | 260 Eastbrooke St, Jackson, MS 39216-4716 | MS | 2001-01 | $5,567 |
| 16 | Ronald A And Charlotte V Graham Foundation | 146 Wild Mdws, Hattiesburg, MS 39402-8109 | MS | 2010-09 | $815 |
| 17 | Will And Mary Primos Foundation | 103 Chenal Ct, Madison, MS 39110-6598 | MS | 2011-03 | $330 |
| 18 | Camden Hood Foundation | 30319 Highway 371, Amory, MS 38821-7812 | MS | 2012-04 | $26 |
| 19 | Henry B Tyler Foundation | 137 Bridgewater Xing, Ridgeland, MS 39157-8602 | MS | 2005-06 | $1 |
| 20 | Puckett Serves Foundation | PO BOX 321033, Flowood, MS 39232-1033 | MS | 2010-02 | $1 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 22,395 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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