Clifton Institute 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
| Clifton Institute | |
| Employer Identification Number (EIN) | 400002257 |
| Name of Organization | Clifton Institute |
| In Care of Name | Donald O Clifton |
| Address | 1001 Gallup Dr, Omaha, NE 68102-4222 |
| Subsection | Charitable Organization |
| Ruling Date | 05/2002 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $2,373,833 |
| Amount of Income | $570,479 |
| Form 990 Revenue Amount | $306,279 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Operating Foundations |
Non-representatives - add comments:
Amount of income in 2012: $570,479 (it was $920,064 in 2011)
| Clifton Institute: | $570,479 |
| Other organizations performing similar types of work: | $45,945 |
Assets in 2012: $2,373,833 (it was $2,265,433 in 2011)
| Clifton Institute: | $2,373,833 |
| Other organizations performing similar types of work: | $120,180 |
Expenses in 2012: $147,922
| Clifton Institute: | $147,922 |
| Other organizations performing similar types of work: | $39,714 |
Income to expenses ratio in 2012: 3.9
| Clifton Institute: | 3.9 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 2.2% |
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 | $253,448 | $307,215 | $25,767 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $25,767 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $227,681 | |||
| Total expenses and disbursements | $147,922 | $789 | $789 | $134,342 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $137,567 | $789 | $123,987 | |
| Contributions, gifts, grants paid | $10,355 | |||
| Excess of revenue over expenses and disbursements | $105,526 | |||
| Net investment income | $306,426 | |||
| Adjusted net income | $24,978 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,373,833 | $3,177,956 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,020,213 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $1,353,620 | |
| Total liabilities | $2,874 | |
| Mortgages and other notes payable | $0 | |
| Other | $2,874 | |
| Total liabilities and net assets/fund balances | $2,370,959 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $227,681 |
| 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 | $6,129 |
| Total credits and payments | $13,295 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $4,295 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $9,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $25 |
| Tax due | $0 |
| Overpayment | $7,141 |
| Amount to be credited to 2013 estimated tax | $7,141 |
| 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? | Yes |
| 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 | $3,192,215 |
| Net value of noncharitable-use assets | $3,144,340 |
| Minimum investment return | $157,217 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| 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 | $24,978 | $21,163 | $24,883 | $26,152 | $97,176 |
| Qualifying distributions made directly for active conduct of exempt activities | $134,342 | $49,866 | $524,686 | $516,685 | $1,225,579 |
| Value of all assets | $1 | $0 | $0 | $0 | $1 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $104,811 | $92,899 | $81,278 | $85,306 | $364,294 |
| 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 | Carolands Foundation | 565 Remillard Dr, Hillsborough, CA 94010-6739 | CA | 2013-07 | $131,910,484 |
| 2 | Tom T East Sr & Alice K East & Alice H East & Robert C East Wildl | 200 Concord Plaza Suite 410, San Antonio, TX 78216-6943 | TX | 2008-04 | $97,626,236 |
| 3 | Willem De Kooning Foundation | 790 Madison Avenue, New York, NY 10065-6124 | NY | 2001-05 | $73,681,377 |
| 4 | Terra Foundation For American Art | 120 E Erie St, Chicago, IL 60611-3154 | IL | 2003-05 | $72,511,035 |
| 5 | Sapling Foundation | 250 Hudson St Rm 1002, New York, NY 10013-1434 | NY | 2014-08 | $55,063,271 |
| 6 | Mcfadden Foundation Inc | PO BOX 70519, Albany, GA 31708-0519 | GA | 2011-08 | $35,686,614 |
| 7 | The Caldwell Foundation | 2215 W Martin Luther King Jr Blvd, Tyler, TX 75702-2954 | TX | 1954-09 | $35,190,048 |
| 8 | Pussycat Foundation | 300 W 57 St Eve Burtonhearst Corp, New York, NY 10019 | NY | 2010-12 | $30,019,075 |
| 9 | Reckitt Benckiser Pharmaceuticals Patient Help Foundation, Rbp Patient Help Foundation | 10710 Midlothian Tpke Ste 430, Richmond, VA 23235-4759 | VA | 2012-09 | $29,989,187 |
| 10 | The Rawlings Foundation Inc | 2554 Players Ct, Wellington, FL 33414-6286 | FL | 2001-05 | $25,454,118 |
| 11 | Willard G Pierce And Jessie M Pierce Foundation | 701 W Cloverdale Rd, Hastings, MI 49058-8360 | MI | 1989-06 | $20,737,527 |
| 12 | The Draper Richards Foundation | 1600 El Camino Real Ste 155, Menlo Park, CA 94025-4120 | CA | 2002-07 | $18,796,693 |
| 13 | Tiger Baron Foundation Inc | 233 Broadway Rm 2200, New York, NY 10279-2202 | NY | 2003-03 | $16,505,804 |
| 14 | Clifton Institute | 1001 Gallup Dr, Omaha, NE 68102-4222 | NE | 2002-05 | $570,479 |
| 15 | Mueller Memorial Trust | 1919 Douglas St 2nd Flr, Omaha, NE 68102-1310 | NE | 2000-02 | $176,047 |
| 16 | Krieger Family Foundation | 6421 S 66th St, Lincoln, NE 68516-3655 | NE | 2002-04 | $155,891 |
| 17 | The Duncan Hilltop Foundation | PO BOX 81887, Lincoln, NE 68501-1887 | NE | 2003-03 | $30,498 |
| 18 | Holland Childrens Institute | 1700 Farnam St Ste 2860, Omaha, NE 68102-2022 | NE | 2014-10 | $30,000 |
| 19 | Rose Salter Medical Research Foundation Ltd | 660 S 85th St, Omaha, NE 68114-4206 | NE | 1999-10 | $5,303 |
| 20 | Security Forces Association | 198 Butler Blvd Bldg 160, Offutt Afb, NE 68113 | NE | 2014-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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