Clark Family Foundation in Boys Town, 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
| Clark Family Foundation | |
| Employer Identification Number (EIN) | 470826661 |
| Name of Organization | Clark Family Foundation |
| In Care of Name | James R Clark |
| Address | PO BOX 585, Boys Town, NE 68010-0585 |
| Subsection | Charitable Organization |
| Ruling Date | 03/2000 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $79,863 |
| Amount of Income | $31,362 |
| Form 990 Revenue Amount | $3,507 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2012: $31,362 (it was $40,968 in 2011)
| Clark Family Foundation: | $31,362 |
| Other organizations performing similar types of work: | $105,489 |
Assets in 2012: $79,863 (it was $71,601 in 2011)
| Clark Family Foundation: | $79,863 |
| Other organizations performing similar types of work: | $325,460 |
Expenses in 2012: $4,089
| Clark Family Foundation: | $4,089 |
| Other organizations performing similar types of work: | $49,058 |
Income to expenses ratio in 2012: 7.7
| This organization: | 7.7 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 47.3%
| This organization: | 47.3% |
| Other organizations performing similar types of work: | 22.8% |
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 | $7,253 | $1,876 | $1,816 | |
| Contributions, gifts, grants, etc., received | $3,430 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $1,816 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $2,007 | |||
| Total expenses and disbursements | $4,089 | $659 | $0 | $3,430 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,089 | $659 | $430 | |
| Contributions, gifts, grants paid | $3,000 | |||
| Excess of revenue over expenses and disbursements | $3,164 | |||
| Net investment income | $1,217 | |||
| Adjusted net income | $1,816 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $79,863 | $79,863 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $77,814 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $2,049 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $79,863 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $2,007 |
| 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 | $24 |
| Total credits and payments | $104 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $104 |
| 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 | $0 |
| Tax due | $0 |
| Overpayment | $80 |
| Amount to be credited to 2013 estimated tax | $80 |
| 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 | $78,046 |
| Net value of noncharitable-use assets | $76,880 |
| Minimum investment return | $3,844 |
| Distributable Amount (for 2012) | |
| Distributable amount | $3,820 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $3,820 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $3,094 |
| 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 | Sherwood Foundation | 3555 Farnam Street, Omaha, NE 68131-3311 | NE | 1999-11 | $206,786,054 |
| 2 | The Lozier Foundation | 6336 Pershing Drive, Omaha, NE 68110-1100 | NE | 1987-03 | $159,447,899 |
| 3 | Henry A Davis Foundation | PO BOX 7566, Omaha, NE 68107-0566 | NE | 2009-03 | $6,198,110 |
| 4 | Goldwin Foundation | 121 S 13th St Ste 800, Lincoln, NE 68508-1911 | NE | 2014-02 | $2,750,000 |
| 5 | Woodmen Foundation | 1700 Farnam St Ste 2757, Omaha, NE 68102-2003 | NE | 2006-11 | $2,585,917 |
| 6 | Rod Rhoden Foundation | 4111 S 144th St, Omaha, NE 68137-1012 | NE | 2012-06 | $1,957,635 |
| 7 | The Chief Foundation Inc | PO BOX 2078, Grand Island, NE 68802-2078 | NE | 2006-06 | $1,173,637 |
| 8 | Cl Werner Foundation | 14301 Fnb Pkwy Ste 115, Omaha, NE 68154-5299 | NE | 2010-06 | $1,136,426 |
| 9 | Allan & Ann Mactier Charitable Foundation | 14115 N 42nd St Ste 101, Omaha, NE 68112-3855 | NE | 2014-12 | $1,014,019 |
| 10 | Robert Dale Carstens Charitable Trust, William Scott Davis Ttee | 1248 O Street, Lincoln, NE 68508-1493 | NE | 2013-11 | $915,390 |
| 11 | Cost Of Discipleship Foundation | 5059 S 175th St, Omaha, NE 68135-3457 | NE | 2012-12 | $448,161 |
| 12 | J K Barker Foundation | 820 N 132nd Ave, Omaha, NE 68154-5174 | NE | 2011-02 | $324,003 |
| 13 | Hundred Foundation | 24602 Jones Cir, Waterloo, NE 68069-2049 | NE | 2011-06 | $299,139 |
| 14 | Terpstra Foundation | 2947 T Street Apt 1, Lincoln, NE 68503-3144 | NE | 2007-01 | $252,275 |
| 15 | Shrike-Hlavac Memorial Trust | 529 N Lincoln Ave, York, NE 68467-2944 | NE | 2002-05 | $249,291 |
| 16 | Marshall And Wilma Cochran Charitable Foundation, Terry Soden Ttee | 525 10th St, Wisner, NE 68791-2163 | NE | 2011-08 | $239,425 |
| 17 | Minnie A Schlitt Private Foundation | 1239 N Burlington Ave Ste 200, Hastings, NE 68901-3084 | NE | 2009-10 | $213,216 |
| 18 | West Education Foundation | 11808 Miracle Hills Dr, Omaha, NE 68154-4403 | NE | 2006-06 | $200,061 |
| 19 | Edwin E Pedersen Trust | 523 Court St, Beatrice, NE 68310-3923 | NE | 2012-02 | $185,089 |
| 20 | The Tesi Foundation | 15219 Hickory St, Omaha, NE 68144-5125 | NE | 2001-03 | $162,559 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 22,395 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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