Tollison Charitable Fund in Oxford, 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
- Organizations performing similar types of work
| Tollison Charitable Fund | |
| Employer Identification Number (EIN) | 640893097 |
| Name of Organization | Tollison Charitable Fund |
| In Care of Name | Gray Tollison |
| Address | 103 N Lamar Blvd Ste 201, Oxford, MS 38655-3731 |
| Activities | Scholarships (other) |
| Subsection | Educational Organization |
| Ruling Date | 07/1998 |
| 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 | $0 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $200 |
| Amount of Income | $0 |
| Form 990 Revenue Amount | $0 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards |
Non-representatives - add comments:
Amount of income in 2011: $0 (it was $3,400 in 2010)
| Tollison Charitable Fund: | $0 |
| Other organizations performing similar types of work: | $72,336 |
Assets in 2011: $200 (it was $350 in 2010)
| This organization: | $200 |
| Other organizations performing similar types of work: | $239,394 |
Expenses in 2011: $150
| This organization: | $150 |
| Other organizations performing similar types of work: | $40,888 |
Income to expenses ratio in 2011: 0.0
| Tollison Charitable Fund: | 0.0 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2011: -,nan,(ind)%
| Tollison Charitable Fund: | -,nan,(ind)% |
| Other organizations performing similar types of work: | 0.1% |
| 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 | $0 | $0 | $0 | |
| Total expenses and disbursements | $150 | $0 | $0 | $0 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $150 | $0 | $0 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-150 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $200 | $200 |
| Cash - non-interest-bearing | $200 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $200 | |
| 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 | $306 |
| Net value of noncharitable-use assets | $300 |
| Minimum investment return | $15 |
| Distributable Amount (for 2011) | |
| Distributable amount | $15 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $15 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Sylvester H Reed Memorial Trust | PO BOX 1111, Pflugerville, TX 78691-1111 | TX | 1998-01 | $1,242,927 |
| 2 | Terry Foundation | 3104 Edloe, Houston, TX 77027-6098 | TX | 1997-07 | $305,792,014 |
| 3 | Louis L Borick Foundation | 2707 Kipling St, Houston, TX 77098-1214 | TX | 1997-07 | $86,100,330 |
| 4 | Wichita Center For Graduate Medical Education Inc | 1010 N Kansas St, Wichita, KS 67214-3124 | KS | 1990-08 | $23,498,748 |
| 5 | Thurgood Marshall College Fund Inc | 901 F St Nw Ste 300, Washington, DC 20004-1481 | DC | 1993-12 | $20,267,823 |
| 6 | Somerset Community Services Inc | PO BOX 18, Marion, MD 21838-0018 | MD | 1995-01 | $12,507,370 |
| 7 | Sigma Chi Foundation | 1714 Hinman Ave, Evanston, IL 60201-4517 | IL | 1941-04 | $11,127,580 |
| 8 | Supreme Council Education And Charity Fund | 33 Marrett Rd, Lexington, MA 02421-5703 | MA | 1955-12 | $10,306,163 |
| 9 | Homer Skelton Charitable Foundation | 4555 Spring Meadow Way N, Olive Branch, MS 38654-8133 | MS | 1995-06 | $495,316 |
| 10 | Mississippi Sports Medicine Foundation | 1325 E Fortification St, Jackson, MS 39202-2442 | MS | 1997-04 | $442,759 |
| 11 | Mary Kirkpatrick Haskell Scholarship Foundation Inc | One Rogers Old Place, Amory, MS 38821 | MS | 1992-11 | $247,799 |
| 12 | Mississippi Cattlemens Foundation Inc | 680 Monroe St Ste A, Jackson, MS 39202-3470 | MS | 1996-02 | $201,259 |
| 13 | Franks Foundation | PO BOX 250, Booneville, MS 38829-0250 | MS | 1995-09 | $115,799 |
| 14 | Magnolia Bar Foundation Inc | PO BOX 2792, Jackson, MS 39207-2792 | MS | 1992-09 | $70,712 |
| 15 | Kappa Psi Pharmaceutical Fdtn Inc College Of Pharmacy Univ Of Ok Hsc | Po Box 332, Oxford, MS 38655 | MS | 1994-06 | $31,952 |
| 16 | The Education Foundation Of Greenville Inc | P O Box 422, Greenville, MS 38701 | MS | 1989-10 | $19,804 |
| 17 | B S H S Hinton Burnett Dear And Sims Scholarship Inc | 110 High St, Brandon, MS 39042-3719 | MS | 1992-06 | $0 |
| 18 | Starkville Area Chamber Of Commerce | 200 East Main Street, Starkville, MS 39759 | MS | 1997-05 | $0 |
| 19 | Tollison Charitable Fund | 103 N Lamar Blvd Ste 201, Oxford, MS 38655-3731 | MS | 1998-07 | $0 |
| 20 | United Men Of Hollandale | PO BOX 261, Hollandale, MS 38748-0261 | MS | 1996-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,412 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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