America First Foundation in Omaha, Nebraska (NE)
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
| America First Foundation | |
| Employer Identification Number (EIN) | 010658759 |
| Name of Organization | America First Foundation |
| In Care of Name | M L Sullivan |
| Address | 1004 Farnam St Ste 400, Omaha, NE 68102-1885 |
| 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 | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $746,904 |
| Amount of Income | $487,550 |
| Form 990 Revenue Amount | $118,293 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Corporate Foundations |
Non-representatives - add comments:
Amount of income in 2013: $487,550 (it was $442,629 in 2012)
| America First Foundation: | $487,550 |
| Other organizations performing similar types of work: | $107,502 |
Assets in 2013: $746,904 (it was $976,559 in 2012)
| America First Foundation: | $746,904 |
| Other organizations performing similar types of work: | $322,766 |
Expenses in 2012: $428,592
| This organization: | $428,592 |
| Other organizations performing similar types of work: | $58,249 |
Income to expenses ratio in 2012: 1.1
| America First Foundation: | 1.1 |
| Other organizations performing similar types of work: | 2.0 |
Grants share in income in 2012: 0.0%
| America First Foundation: | 0.0% |
| Other organizations performing similar types of work: | 98.7% |
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 | $139,118 | $139,133 | $36,109 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $953 | |||
| Dividends and interest from securities | $35,171 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-15 | |||
| Other | $103,009 | |||
| Total expenses and disbursements | $428,592 | $0 | $0 | $410,750 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $17,842 | $0 | $0 | |
| Contributions, gifts, grants paid | $410,750 | |||
| Excess of revenue over expenses and disbursements | $-289,474 | |||
| Net investment income | $139,133 | |||
| Adjusted net income | $36,109 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $976,559 | $1,249,541 |
| Cash - non-interest-bearing | $36,114 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $536,812 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $245,610 | |
| Other | $158,023 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $976,559 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $103,009 |
| 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 | $1,391 |
| Total credits and payments | $1,411 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,411 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $8 |
| Tax due | $0 |
| Overpayment | $12 |
| Amount to be credited to 2013 estimated tax | $12 |
| 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 | $1,479,654 |
| Net value of noncharitable-use assets | $1,457,460 |
| Minimum investment return | $72,873 |
| Distributable Amount (for 2012) | |
| Distributable amount | $71,482 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $71,482 |
| 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 | Weitz Family Foundation | 110 N 92nd St, Omaha, NE 68114-3903 | NE | 2001-09 | $37,826,438 |
| 2 | America First Foundation | 1004 Farnam St Ste 400, Omaha, NE 68102-1885 | NE | 2002-05 | $487,550 |
| 3 | Viking Foundation Of Lincoln | 6039 Hidcote Dr, Lincoln, NE 68516-5523 | NE | 2012-06 | $432,847 |
| 4 | Dennis & Ellin Murphy Foundation | 13660 Hamilton St, Omaha, NE 68154-5153 | NE | 1999-07 | $330,135 |
| 5 | Boyd Family Foundation, Boyd James E & Inez M Ttee | 230 Bellevue Blvd N, Bellevue, NE 68005-4948 | NE | 1999-12 | $175,179 |
| 6 | Four For Him Foundation | 1 Kings Ct, Kearney, NE 68845-4253 | NE | 2002-04 | $145,808 |
| 7 | Kooper Fellman Foundation | 809 N 96th Street, Omaha, NE 68114-2498 | NE | 2003-02 | $129,973 |
| 8 | Deroin Foundation | 1611 S 186th Cir, Omaha, NE 68130-2737 | NE | 1999-07 | $109,020 |
| 9 | Miriam M Brokaw Trust Uw, 1120-56009900 | 101n Independence Mall E, Omaha, NE 68127 | NE | 2006-03 | $100,915 |
| 10 | Vincent And Marie Kreifels Family Foundation | 5470 N Rd, Nebraska City, NE 68410-6852 | NE | 2008-02 | $97,911 |
| 11 | The Denney Charitable Trust, Kunkle Kathryn M Ttee | 4223 N 143rd Cir, Omaha, NE 68164-5051 | NE | 2001-01 | $97,647 |
| 12 | Normil Foundation | 515 E Hillcrest Dr, Lincoln, NE 68520-1259 | NE | 1999-05 | $95,342 |
| 13 | Tier One Charitable Foundation | 1235 N St, Lincoln, NE 68508-2008 | NE | 2003-05 | $77,730 |
| 14 | Price Family Foundation | 11805 Adams Plz, Omaha, NE 68137-4424 | NE | 2007-10 | $57,422 |
| 15 | Dkjl Family Foundation | 4031 Thorn Ct, Lincoln, NE 68520-9321 | NE | 2012-01 | $30,001 |
| 16 | Walter L And Nancy E Griffith Foundation Inc | 719 S 75th St, Omaha, NE 68114-4685 | NE | 2000-10 | $3,564 |
| 17 | Watt Foundation Inc | 7354 N 122 Ave Cir, Omaha, NE 68142 | NE | 2000-09 | $12 |
| 18 | The Wilwerding Family Foundation | 13525 Nicholas St, Omaha, NE 68154-5282 | NE | 2001-09 | $1 |
| 19 | Haigler Community Foundation | PO BOX 127, Haigler, NE 69030-0127 | NE | 2015-04 | $0 |
| 20 | Robert I Sanders Foundation Inc | 124 S 8th St, Oneill, NE 68763-2013 | NE | 2011-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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