Frank D Gorham Jr And Marie Kelly Gorham Charitable Foundation, Gorham Frank D Iii Co-Ttee in Albuquerque, New Mexico (NM)
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
| Frank D Gorham Jr And Marie Kelly Gorham Charitable Foundation, Gorham Frank D Iii Co-Ttee | |
| Employer Identification Number (EIN) | 850453092 |
| Name of Organization | Frank D Gorham Jr And Marie Kelly Gorham Charitable Foundation |
| Secondary Name | Gorham Frank D Iii Co-Ttee |
| Address | PO BOX 451, Albuquerque, NM 87103-0451 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 11/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $3,021,860 |
| Amount of Income | $2,320 |
| Form 990 Revenue Amount | $39,341 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2010: $2,320 (it was $39,341 in 2011)
| Frank D Gorham Jr And Marie Kelly Gorham Charitable Foundation, Gorham Frank D Iii Co-Ttee: | $2,320 |
| Other organizations performing similar types of work: | $120,160 |
Assets in 2010: $3,021,860 (it was $1,510,506 in 2011)
| Frank D Gorham Jr And Marie Kelly Gorham Charitable Foundation, Gorham Frank D Iii Co-Ttee: | $3,021,860 |
| Other organizations performing similar types of work: | $450,518 |
Expenses in 2011: $1,550,695
| This organization: | $1,550,695 |
| Other organizations performing similar types of work: | $61,287 |
Income to expenses ratio in 2011: 0.0
| Frank D Gorham Jr And Marie Kelly Gorham Charitable Foundation, Gorham Frank D Iii Co-Ttee: | 0.0 |
| Other organizations performing similar types of work: | 7.3 |
Grants share in income in 2011: 0.0%
| Frank D Gorham Jr And Marie Kelly Gorham Charitable Foundation, Gorham Frank D Iii Co-Ttee: | 0.0% |
| Other organizations performing similar types of work: | 8.9% |
Revenue for 2011
Expenses for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $39,341 | $1,151 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $1,151 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $38,190 | |||
| Total expenses and disbursements | $1,550,695 | $0 | $0 | $1,465,000 |
| Compensation of officers, directors, trustees, etc. | $50,000 | |||
| Total operating and administrative expenses | $85,695 | $0 | $0 | |
| Contributions, gifts, grants paid | $1,465,000 | |||
| Excess of revenue over expenses and disbursements | $-1,511,354 | |||
| Net investment income | $1,151 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,510,506 | $1,510,456 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $1,510,506 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,510,506 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $12 |
| Total credits and payments | $1,900 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $1,900 |
| 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 |
| Overpayment | $1,888 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| 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 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| 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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | 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 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $2,166,980 |
| Net value of noncharitable-use assets | $2,134,480 |
| Minimum investment return | $106,724 |
| Distributable Amount (for 2011) | |
| Distributable amount | $106,712 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $106,712 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | 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 | The Patterson Foundation | 2 N Tamiami Trl Ste 206, Sarasota, FL 34236-5585 | FL | 1997-04 | $75,305,780 |
| 2 | Wallace H Coulter Foundation | 790 Nw 107th Ave Ste 215, Miami, FL 33172-3158 | FL | 1997-07 | $64,864,567 |
| 3 | The Kimball Foundation | 1660 Bush St, San Francisco, CA 94109-5308 | CA | 1998-01 | $30,232,965 |
| 4 | Tuchman Family Foundation | 5251 Dtc Pkwy Ste 995, Englewood, CO 80111-2738 | CO | 1997-06 | $28,714,366 |
| 5 | Siemer Family Foundation | 1234 E Broad St, Columbus, OH 43205-1405 | OH | 1997-09 | $23,049,203 |
| 6 | Pond Foundation | 1000 Cordova Pl Ste 618, Santa Fe, NM 87505-1725 | NM | 1997-11 | $862,656 |
| 7 | New Society Fund | PO BOX 836, Tesuque, NM 87574-0836 | NM | 1997-05 | $630,624 |
| 8 | Banner Foundation | 8220 San Pedro Ne, Albuquerque, NM 87113-2476 | NM | 1997-06 | $515,910 |
| 9 | Forrest Family Foundation | 112 Dickson Ln, Carlsbad, NM 88220-8800 | NM | 1998-12 | $475,826 |
| 10 | Cynthia Smith Dacosta Foundation | 23 Media Luna, Santa Fe, NM 87508-9504 | NM | 1997-05 | $412,586 |
| 11 | Dwi Resource Center Inc | Po Box 30514, Albuquerque, NM 87190 | NM | 1994-04 | $293,693 |
| 12 | Panter Foundation | 4155 Montgomery Blvd Ne, Albuquerque, NM 87109-6741 | NM | 1998-04 | $283,041 |
| 13 | New Mexico Library Foundation Inc | PO BOX 30572, Albuquerque, NM 87190 | NM | 1993-06 | $152,839 |
| 14 | Davis Family Foundation | 3005 Hillrise Dr, Las Cruces, NM 88011-4703 | NM | 1997-05 | $147,552 |
| 15 | Sb Foundation | 5917 Camino Placido Ne, Albuquerque, NM 87109-3849 | NM | 1997-12 | $134,505 |
| 16 | Santa Fe Natural Tobacco Company Foundation | 1 Plaza La Prensa, Santa Fe, NM 87507-9702 | NM | 1998-04 | $129,319 |
| 17 | Hope Tang Goodwin Foundation Ltd | PO BOX 1800, Tesuque, NM 87574-1800 | NM | 1998-03 | $102,514 |
| 18 | Vessel Foundation | 1000 Cordova Pl Ste 618, Santa Fe, NM 87505-1725 | NM | 1996-08 | $80,782 |
| 19 | Rolley Foundation | 3101 Old Pecos Trail, Santa Fe, NM 87505-9025 | NM | 1997-06 | $79,844 |
| 20 | The Poole Family Charitable Trust C/O James P And Dorothy Gay Poole | 832 Dunlap St Apt B, Santa Fe, NM 87501-2833 | NM | 1997-03 | $45,055 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 5,225 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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