Willard E Borchers Family Charitable Foundation in Hastings, 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
| Willard E Borchers Family Charitable Foundation | |
| Employer Identification Number (EIN) | 020641115 |
| Name of Organization | Willard E Borchers Family Charitable Foundation |
| In Care of Name | Susan K Alexander |
| Address | PO BOX 1151, Hastings, NE 68902-1151 |
| Subsection | Charitable Organization |
| Ruling Date | 02/2003 |
| 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 | $858,259 |
| Amount of Income | $344,742 |
| Form 990 Revenue Amount | $58,853 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards |
Non-representatives - add comments:
Amount of income in 2013: $344,742 (it was $17,799 in 2012)
| Willard E Borchers Family Charitable Foundation: | $344,742 |
| Other organizations performing similar types of work: | $41,680 |
Assets in 2013: $858,259 (it was $857,485 in 2012)
| This organization: | $858,259 |
| Other organizations performing similar types of work: | $65,579 |
Expenses in 2012: $33,506
| Willard E Borchers Family Charitable Foundation: | $33,506 |
| Other organizations performing similar types of work: | $24,470 |
Income to expenses ratio in 2012: 10.3
| Willard E Borchers Family Charitable Foundation: | 10.3 |
| Other organizations performing similar types of work: | 0.5 |
Grants share in income in 2012: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 9.0% |
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 | $17,799 | $17,799 | $17,799 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $396 | |||
| Dividends and interest from securities | $17,403 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $33,506 | $10,506 | $10,506 | $33,506 |
| Compensation of officers, directors, trustees, etc. | $5,250 | |||
| Total operating and administrative expenses | $10,506 | $10,506 | $10,506 | |
| Contributions, gifts, grants paid | $23,000 | |||
| Excess of revenue over expenses and disbursements | $-15,707 | |||
| Net investment income | $7,293 | |||
| Adjusted net income | $7,293 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $857,485 | $834,176 |
| Cash - non-interest-bearing | $155,210 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $296,543 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $32,500 | |
| Investments-other | $0 | |
| Other | $373,232 | |
| Total liabilities | $2,000 | |
| Mortgages and other notes payable | $0 | |
| Other | $2,000 | |
| Total liabilities and net assets/fund balances | $855,485 | |
| 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 | $146 |
| Total credits and payments | $573 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $573 |
| 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 | $427 |
| Amount to be credited to 2013 estimated tax | $427 |
| 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 | $849,088 |
| Net value of noncharitable-use assets | $836,360 |
| Minimum investment return | $41,818 |
| Distributable Amount (for 2012) | |
| Distributable amount | $41,672 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $41,672 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $25,457 |
| 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 | Us-Central Asia Education Foundation | 124 U St Nw, Washington, DC 20001-1606 | DC | 2007-10 | $4,838,252 |
| 2 | Subsea Tieback Scholarship Fund | 5418 Woodbury St, Fulshear, TX 77441-4139 | TX | 2007-10 | $101,112 |
| 3 | Tom Mcmahon Construction Scholarship Fund | 4441 S Abilene Cir, Aurora, CO 80015-1047 | CO | 2006-11 | $18,033 |
| 4 | The Hawks Foundation | 14302 Fnb Pkwy, Omaha, NE 68154 | NE | 2005-06 | $28,408,114 |
| 5 | The Partnership For Our Kids, All Our Kids Inc | 1004 Farnam Street, Omaha, NE 68102-1839 | NE | 2003-10 | $841,237 |
| 6 | The Carruth J Wagner Md Foundation | 8805 Indian Hills Dr Ste 280, Omaha, NE 68114-4077 | NE | 2008-02 | $760,186 |
| 7 | Nebraska Farm Bureau Foundation For Agriculture Inc | 5225 S 16th St, Lincoln, NE 68512-1275 | NE | 2013-05 | $489,544 |
| 8 | Nebraska Golf Foundation | 6618 South 118th Street, Omaha, NE 68137 | NE | 2006-06 | $354,704 |
| 9 | Willard E Borchers Family Charitable Foundation | PO BOX 1151, Hastings, NE 68902-1151 | NE | 2003-02 | $344,742 |
| 10 | Heartland Lutheran High School Foundation | 3900 W Husker Hwy, Grand Island, NE 68803 | NE | 2004-03 | $199,012 |
| 11 | Millard Business Community Foundation | 16202 Gertrude Street, Omaha, NE 68136 | NE | 2010-12 | $168,707 |
| 12 | Star Bright Foundation 70383500 | 1919 Douglas St 2nd Fl, Omaha, NE 68102-1310 | NE | 1998-12 | $153,518 |
| 13 | Ogallala Public Schools Foundation | PO BOX 720, Ogallala, NE 69153-0720 | NE | 2013-05 | $125,967 |
| 14 | Arlington Youth Foundation | PO BOX 561, Arlington, NE 68002-0561 | NE | 2009-11 | $124,612 |
| 15 | Alice Oth Charitable Foundation | 1620 Dodge St Stop 8145, Omaha, NE 68197-8145 | NE | 2010-09 | $124,435 |
| 16 | The Nebraska Cooperative Council Education Foundation | 134 S13th Street Suite 503, Lincoln, NE 68508 | NE | 2001-08 | $78,145 |
| 17 | Village Foundation | 5345 S 93rd Pl, Lincoln, NE 68526-6012 | NE | 2004-02 | $73,173 |
| 18 | India Association Of Nebraska Inc | 12531 Shamrock Road, Omaha, NE 68154 | NE | 2003-11 | $59,191 |
| 19 | Verna A Narovec Scholarship Tr, Wells Fargo Bank Ttee | 1919 Douglas St 2nd Fl M, Omaha, NE 68102-1310 | NE | 2003-02 | $43,852 |
| 20 | Concerned And Caring Educators Foundation | 12766 Hamilton St, Omaha, NE 68154-3603 | NE | 2012-06 | $30,197 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 23,481 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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