Dale Jarrett Foundation Inc in Conover, North Carolina (NC)
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
| Dale Jarrett Foundation Inc | |
| Employer Identification Number (EIN) | 043605108 |
| Name of Organization | Dale Jarrett Foundation Inc |
| In Care of Name | James M Gaither Jr |
| Address | 1231 Commerce St Sw, Conover, NC 28613-8355 |
| Subsection | Charitable Organization |
| Ruling Date | 07/2002 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $12,072 |
| Amount of Income | $35,189 |
| Form 990 Revenue Amount | $31,449 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Corporate Foundations |
Non-representatives - add comments:
Amount of income in 2013: $35,189 (it was $24,387 in 2012)
| This organization: | $35,189 |
| Other organizations performing similar types of work: | $107,502 |
Assets in 2013: $12,072 (it was $10,543 in 2012)
| Dale Jarrett Foundation Inc: | $12,072 |
| Other organizations performing similar types of work: | $322,766 |
Expenses in 2012: $30,151
| This organization: | $30,151 |
| Other organizations performing similar types of work: | $58,249 |
Income to expenses ratio in 2012: 1.2
| This organization: | 1.2 |
| Other organizations performing similar types of work: | 2.0 |
Grants share in income in 2012: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 98.7% |
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 | $24,387 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $24,387 | |||
| 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 | |||
| Total expenses and disbursements | $30,151 | $0 | $0 | $25,611 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $4,540 | $0 | $0 | |
| Contributions, gifts, grants paid | $25,611 | |||
| Excess of revenue over expenses and disbursements | $-5,764 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $10,543 | $10,543 |
| Cash - non-interest-bearing | $5,716 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $4,827 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $10,543 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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)? | Yes |
| 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 | $8,903 |
| Net value of noncharitable-use assets | $8,760 |
| Minimum investment return | $438 |
| Distributable Amount (for 2012) | |
| Distributable amount | $438 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $438 |
| 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 | Michael A Kahn Family Foundation | 13833 Carowinds Blvd, Charlotte, NC 28273-4736 | NC | 2011-01 | $6,797,208 |
| 2 | Summer Rest Foundation, Thornton W Gerald Ttee | PO BOX 1330, Writsvlle Bch, NC 28480-1330 | NC | 1999-03 | $2,257,205 |
| 3 | William And Patricia Straccia Tr | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 2002-07 | $762,757 |
| 4 | Renaissancere Risk Sciences Foundation Inc | 3128 Highwoods Blvd Ste 230, Raleigh, NC 27604-1066 | NC | 2011-01 | $650,027 |
| 5 | Troan Foundation Inc | 707 Evanvale Ct, Cary, NC 27518-2806 | NC | 2000-09 | $635,774 |
| 6 | Edward R Fisher Charitable Foundation Inc | 1525 W W T Harris Blvd, Charlotte, NC 28262-8522 | NC | 2013-12 | $531,880 |
| 7 | Word Clarence & Addie Endowment Fd | 1 W 4th St 4th Fl Mac D4000-041, Winston Salem, NC 27101-3818 | NC | 2012-03 | $469,072 |
| 8 | Walter Mcevilly Tr Uia 1019002579 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 2006-01 | $394,803 |
| 9 | Hooper George H Charitable Trust | 1 W 4th St Fl 2, Winston Salem, NC 27101-3818 | NC | 2013-11 | $378,699 |
| 10 | W Morgan Fitzgerald Tr Uw | PO BOX 2907, Wilson, NC 27894-2907 | NC | 2005-04 | $233,855 |
| 11 | South River Emc Community Assistance Corp | PO BOX 931, Dunn, NC 28335-0931 | NC | 2008-12 | $191,065 |
| 12 | Tri-County Electric Foundation Inc | PO BOX 130, Dudley, NC 28333-0130 | NC | 2002-03 | $162,720 |
| 13 | Mckee Group Foundation | 19124 Peninsula Point Dr, Cornelius, NC 28031-7602 | NC | 2011-03 | $139,941 |
| 14 | Windsor Foundation | 104 Ronsard Ln, Cary, NC 27511-6019 | NC | 2001-06 | $135,700 |
| 15 | William Robert Fisher Christmas Fund | PO BOX 37949, Charlotte, NC 28237-7949 | NC | 2005-10 | $61,109 |
| 16 | 5mpower Foundation | 10513 Flennigan Way, Charlotte, NC 28277-1417 | NC | 2012-01 | $52,616 |
| 17 | Wishart Norris Henninger & Pittman Charitable Foundation Inc | 3120 S Church St, Burlington, NC 27215-9114 | NC | 2002-06 | $24,586 |
| 18 | The Jack & Mary Mccall Charitable Foundation | 312 Mount Eden Pl, Cary, NC 27518-5305 | NC | 2006-03 | $10,099 |
| 19 | Taylor Family Foundation Inc | 204 Michelle Ln, Mt Holly, NC 28120-9265 | NC | 2002-03 | $10,000 |
| 20 | Phil Gandy Foundation Inc | 21210 Captiva Ct, Cornelius, NC 28031-6842 | NC | 2002-09 | $1 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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