The Frank Borman Foundation in Big Horn, 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
- Other organizations in Montana
| The Frank Borman Foundation | |
| Employer Identification Number (EIN) | 850351800 |
| Name of Organization | The Frank Borman Foundation |
| Address | PO BOX 64, Big Horn, MT 59010-0064 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 07/1987 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $1 |
| Amount of Income | $38,967 |
| Form 990 Revenue Amount | $65 |
Non-representatives - add comments:
| 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 | $65 | $65 | $65 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $65 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $-178 | $-178 | $0 | $0 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $-178 | $-178 | $0 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $243 | |||
| Net investment income | $243 | |||
| Adjusted net income | $65 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $243 | $243 |
| 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 | $243 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $243 | |
| 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 | $5 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $5 |
| 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 | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2011) | |
| Distributable amount | $0 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $0 |
| 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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| Other organizations in Montana | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Sun Ranch Institute | PO BOX 817, Ennis, MT 59729-0817 | MT | 2007-12 | $26,150 |
| 2 | Susan Scott Heyneman Foundation | PO BOX 7113, Billings, MT 59103-7113 | MT | 1985-07 | $283,163 |
| 3 | Swan Lakers | Po Box 399, Bigfork, MT 59901 | MT | 2006-08 | $0 |
| 4 | Swan Valley Ecosystem Management & Learning Center Inc | 6887 Hwy 83, Condon, MT 59826 | MT | 1997-05 | $1,140,164 |
| 5 | Sweet Grass Health And Wellness Foundation | PO BOX 517, Big Timber, MT 59011-0517 | MT | 2003-04 | $384,507 |
| 6 | Tamarack Grief Resource Center Inc | 516 S Orange Street, Missoula, MT 59801-2526 | MT | 2009-04 | $378,092 |
| 7 | Teakettle Vista Apartments Ii Inc, Rauthe Douglas D Director | PO BOX 8300, Kalispell, MT 59904-1300 | MT | 2011-03 | $5,474 |
| 8 | The Billings Exchange Clubs Foundation For The Prevention Of | PO BOX 814, Billings, MT 59103-0814 | MT | 2001-01 | $67,848 |
| 9 | The Biomimicry Institute | PO BOX 9216, Missoula, MT 59807-9216 | MT | 2007-02 | $1,397,439 |
| 10 | The Cinnabar Foundation | 1283 N 14th St Ste 201, Bozeman, MT 59715-3270 | MT | 1984-01 | $1,949,331 |
| 11 | The Frank Borman Foundation | PO BOX 64, Big Horn, MT 59010-0064 | MT | 1987-07 | $38,967 |
| 12 | The Jammer Trust Montana Public Benefit Corporation | Po Box 437, Nye, MT 59061 | MT | 2007-05 | $0 |
| 13 | The Prbb Foundation | 9443 Cottonwood Rd, Bozeman, MT 59718-8966 | MT | 2006-08 | $1,125,084 |
| 14 | The Sacred Portion Childrens Outreach Inc | 7104 Bristol Ln, Bozeman, MT 59715-8356 | MT | 1981-02 | $267,332 |
| 15 | The University Of Montana Western Foundation | 710 S Atlantic St, Dillon, MT 59725-3511 | MT | 1980-05 | $1,897,591 |
| 16 | The Watershed Education Network | Swift Ctr 315 S 4th St E Ste 203, Missoula, MT 59801 | MT | 2004-05 | $62,077 |
| 17 | The@wolfkeep Wildlife Sanctuary | PO BOX 1267, Bonner, MT 59823-1267 | MT | 2003-03 | $12,284 |
| 18 | Theo And Alyce Beck Foundation Trust | PO BOX 248, Glasgow, MT 59230-0248 | MT | 2009-02 | $137,076 |
| 19 | Thomas W & Joan D Scott Foundation | PO BOX 7113, Billings, MT 59103-7113 | MT | 1995-12 | $1 |
| 20 | Thompson River Animal Care Shelter | PO BOX 1589, Thompson Fls, MT 59873-1589 | MT | 2006-12 | $148,449 |
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