Spence Family Foundation in Billings, Montana (MT)
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
| Spence Family Foundation | |
| Employer Identification Number (EIN) | 043619122 |
| Name of Organization | Spence Family Foundation |
| In Care of Name | Ralph Spence Jr |
| Address | 100 N 27th St Ste 305, Billings, MT 59101-2054 |
| Subsection | Charitable Organization |
| Ruling Date | 05/2002 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 11/2014 |
| Assets | $500,000 to $999,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $567,001 |
| Amount of Income | $76,416 |
| Form 990 Revenue Amount | $15,855 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2014: $76,416 (it was $317,070 in 2012)
| This organization: | $76,416 |
| Other organizations performing similar types of work: | $103,138 |
Assets in 2014: $567,001 (it was $576,840 in 2012)
| Spence Family Foundation: | $567,001 |
| Other organizations performing similar types of work: | $338,623 |
Expenses in 2012: $28,385
| Spence Family Foundation: | $28,385 |
| Other organizations performing similar types of work: | $46,867 |
Income to expenses ratio in 2012: 2.7
| Spence Family Foundation: | 2.7 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 80.3%
| This organization: | 80.3% |
| Other organizations performing similar types of work: | 79.6% |
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 | $89,669 | $17,669 | $0 | |
| Contributions, gifts, grants, etc., received | $72,000 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $17,083 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $586 | |||
| Total expenses and disbursements | $28,385 | $777 | $0 | $27,460 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $2,085 | $777 | $1,160 | |
| Contributions, gifts, grants paid | $26,300 | |||
| Excess of revenue over expenses and disbursements | $61,284 | |||
| Net investment income | $16,892 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $576,840 | $597,066 |
| Cash - non-interest-bearing | $-6 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $547,790 | |
| Other | $29,056 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $576,840 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $586 |
| 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 | $169 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $169 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| 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? | 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 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 | $583,172 |
| Net value of noncharitable-use assets | $574,420 |
| Minimum investment return | $28,721 |
| Distributable Amount (for 2012) | |
| Distributable amount | $28,552 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $28,552 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $26,110 |
| 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 | Scoob Trust Foundation, Susan Hare Ttee | PO BOX 97, Alder, MT 59710-0097 | MT | 2006-04 | $1,966,207 |
| 2 | Montana Mental Health Tr, John Warner Ttee | PO BOX 8666, Missoula, MT 59807-8666 | MT | 2013-08 | $1,586,183 |
| 3 | The Prbb Foundation | 9443 Cottonwood Rd, Bozeman, MT 59718-8966 | MT | 2006-08 | $1,125,084 |
| 4 | True Vine Foundation Inc | PO BOX 1210, Victor, MT 59875-1210 | MT | 2000-03 | $673,046 |
| 5 | Stepping Forward Foundation | PO BOX 1538, Billings, MT 59103-1538 | MT | 2011-06 | $570,373 |
| 6 | God Only Knows Foundation | 2145 Hwy 287 N, Cameron, MT 59720 | MT | 2010-03 | $570,103 |
| 7 | Jack A Marta And David A Marta Memorial Tr, Robert M Bassett Ii Ttee | 283 W Front St Ste 103, Missoula, MT 59802-4328 | MT | 2012-04 | $418,711 |
| 8 | Bayne Foundation Inc | 1435 Whitefish Hills Dr, Whitefish, MT 59937-8800 | MT | 2013-11 | $314,431 |
| 9 | Signal Peak Community Foundation | 1820 N Last Chance Gulch, Helena, MT 59601-0700 | MT | 2011-12 | $226,470 |
| 10 | Margaret V Ping Foundation | PO BOX 20216, Billings, MT 59104-0216 | MT | 2009-06 | $195,930 |
| 11 | Talbot Family Foundation | 424 S Tracy Ave, Bozeman, MT 59715-5276 | MT | 2002-10 | $159,731 |
| 12 | Selah Charitable Tr, Peterson Eugene H Ttee | PO BOX 732, Lakeside, MT 59922-0732 | MT | 2003-03 | $89,532 |
| 13 | Spence Family Foundation | 100 N 27th St Ste 305, Billings, MT 59101-2054 | MT | 2002-05 | $76,416 |
| 14 | Senner Family Foundation | 2663 Typha Ct Unit 8, Bozeman, MT 59718-7167 | MT | 2010-12 | $61,775 |
| 15 | Ruby E Hanson Scholarship Tr, Howard Steven Ttee | 100 W Laurel Ave, Plentywood, MT 59254-1647 | MT | 2004-07 | $54,338 |
| 16 | Helen L Gurtner Hoo Hoo Charitable Tr, Royce Mccarty Ttee | 841 Running Creek St, Hamilton, MT 59840-2081 | MT | 2012-09 | $34,443 |
| 17 | Walter And Elaine Anderson Charitable Tr, Jerry R Hoover Ttee | 2025 Flowerree St, Helena, MT 59601-5919 | MT | 2009-02 | $34,221 |
| 18 | Wade Sukut Charitable Educationtrust | PO BOX 516, Circle, MT 59215-0516 | MT | 2007-01 | $1,996 |
| 19 | John Michael Trauscht Foundation | 520 E Sussex Ave, Missoula, MT 59801-7053 | MT | 2008-03 | $1 |
| 20 | Northern Basin Family Foundation Inc | PO BOX 147, Augusta, MT 59410-0147 | MT | 2001-07 | $1 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 20,448 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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