Los Alamos National Laboratory Foundation in Espanola, New Mexico (NM)

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Los Alamos National Laboratory Foundation
Employer Identification Number (EIN)742853972
Name of OrganizationLos Alamos National Laboratory Foundation
In Care of NameSusan Herrera
Address1112 Plaza Del Norte, Espanola, NM 87532-3216
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date07/1998
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$50,000,000 to greater
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$74,682,022
Amount of Income$5,744,400
Form 990 Revenue Amount$4,724,156
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Fund Raising and/or Fund Distribution


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Amount of income in 2013: $5,744,400
This organization: 

 $5,744,400
Other organizations performing similar types of work: 

 $1,625,924

Assets in 2013: $74,682,022
This organization: 

 $74,682,022
Other organizations performing similar types of work: 

 $5,186,309

Expenses in 2013: $5,523,178
Los Alamos National Laboratory Foundation: 

 $5,523,178
Other organizations performing similar types of work: 

 $720,340

Income to expenses ratio in 2013: 1.0
Los Alamos National Laboratory Foundation: 

 1.0
Other organizations performing similar types of work: 

 1.5

Expenses allocated to program services in 2007: 89.9%
Los Alamos National Laboratory Foundation: 

 89.9%
Other organizations performing similar types of work: 

 85.4%

Number of employees in 2013: 32
Los Alamos National Laboratory Foundation: 

 32
Other organizations performing similar types of work: 

 1

Employees paid over $100,000 in 2013: 6.3%
This organization: 

 6.3%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 70.0%
Los Alamos National Laboratory Foundation: 

 70.0%
Other organizations performing similar types of work: 

 13.0%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoYes
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesYes
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoYes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?NoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?YesYes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?NoYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?YesYes
Was the organization related to any tax-exempt or taxable entity?NoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 10963735
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return2532
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYes
Has it filed a Form 990-T for this year?YesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNo
Did the organization notify the donor of the value of the goods or services provided?NoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$288,581$211,751
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$19,022$47,029
Total number of individuals who received more than $100,000 of reportable compensation from the organization11
Total number of independent contractors who received more than $100,000 of compensation from the organization21
Statement of Revenue
201120122013
Total revenue$5,666,949$4,188,595$4,724,156
Contributions, Gifts, Grants and Other Similar Amounts$4,050,056$2,795,011$3,307,075
Program Service Revenue$85,549$61,185$26,145
900099$61,185$26,145
All other program service revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1,083,484$853,230$722,586
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$41,910$39,100$32,050
Gross rents (Real / Personal)$41,910 / $0$39,100 / $0$32,050 / $0
Less: rental expenses (Real / Personal)$0 / $0$0 / $0$0 / $0
Rental income or (loss) (Real / Personal)$41,910 / $0$39,100 / $0$32,050 / $0
Net gain/loss from sales of assets other than inventory$405,950$440,069$636,300
Gross amount from sales of assets other than inventory (Securities / Other)$1,501,162 / $0$1,450,000 / $0$1,656,544 / $0
Less: cost or other basis and sales expenses (Securities / Other)$1,095,212 / $0$1,004,383 / $5,548$1,020,244 / $0
Gain or (loss) (Securities / Other)$405,950 / $0$445,617 / $-5,548$636,300 / $0
Net income/loss from fundraising events$0$0$0
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$0$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$7,254,339$5,677,846$5,523,178
Grants and other assistance to domestic organizations and domestic governments$2,200,000$2,200,000
Grants and other assistance to domestic individuals$377,378$390,000
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$432,613$307,605$258,779
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$387,954$583,704$925,043
Pension plan accruals and contributions$21,102$27,380
Other employee benefits$81,791$86,319
Payroll taxes$74,167$71,711$89,348
Fees for services (non-employees)
Management$0$0
Legal$6,878$8,570
Accounting$27,992$26,204
Lobbying$0$0
Professional fundraising services$0$0$0
Investment management fees$0$0
Other$254,249$280,839
Advertising and promotion$11,336$20,060
Office expenses$43,272$64,331
Information technology$1,320$379
Royalties$0$0
Occupancy$35,081$45,311
Travel$38,970$83,156
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$63,206$53,382
Interest$79,052$71,107
Payments to affiliates$0$0
Depreciation, depletion, and amortization$180,046$129,573
Insurance$24,797$17,946
Other expenses$506,106$471,336
Other expenses$389,355$136,255
Other expenses$180,291$100,558
Other expenses$152,592$29,578
Other expenses$40,012$7,724
Balance Sheet
201120122013
Total assets$62,934,827$66,904,296$74,682,022
Cash - non-interest-bearing$55,498$87,904
Savings and temporary cash investments$464,638$576,594
Pledges and grants receivable, net$525,709$468,089
Accounts receivable, net$14,339$109,429
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$0$0
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$32,009$10,444
Land, buildings, and equipment: cost or other basis$1,470,906$1,357,967
Investments - publicly traded securities$64,341,197$0
Investments - other securities$0$72,071,595
Investments - program-related$0$0
Intangible assets$0$0
Other assets$0$0
Total liabilities$3,010,178$2,617,606$2,449,927
Accounts payable and accrued expenses$102,180$112,958
Grants payable$1,404,380$1,097,743
Deferred revenue$53,027$197,490
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$1,069,711$1,054,449$1,038,166
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$3,570$3,570
Total net assets or fund balances$59,924,649$64,286,690$72,232,095
Unrestricted net assets$858,532$802,591
Temporarily restricted net assets$20,173,132$28,111,998
Permanently restricted net assets$43,255,026$43,317,506
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$14,647,975
Subtotal Support$18,540,442
Gifts, grants, contributions, and membership fees received$18,540,442
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$3,892,467
Total Support$23,289,339
Public Support$18,540,442
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$4,748,897
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$1,116,538
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$7,124,931$10,098,891$11,074,921$11,482,297$4,811,174$5,542,484$4,553,385$7,183,821
Contributions, gifts, grants, and similar amounts received$6,397,720$9,280,533$10,287,902$10,560,770$3,593,674$4,161,630$2,771,929$4,624,031
Contributions to donor advised funds$1,200,000$0
Direct public support$326,084$144,677$192,902$560,770$246,674$741,630$1,571,929$4,624,031
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$6,071,636$9,135,856$10,095,000$10,000,000$3,347,000$3,420,000$0$0
Program service revenue including government fees and contracts$0$0$3,150$50$4,175$0$45,433$399,267
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$0$0$85,915$88,077$112,267$131,039$105,567$52,277
Dividends and interest from securities$629,631$769,305$646,024$852,915$1,114,135$1,258,803$1,416,130$1,578,761
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$-16,854$0$0$-128$229,723$528,976
Gross amount from sales of assets other than inventory$0$0$101,645$0$0$0$1,000,000$1,974,418
Less: cost or other basis and sales expenses$0$0$118,499$0$0$128$770,277$1,445,442
Net income or (loss) from special events and activities$97,580$49,053$68,784$-19,515$-13,077$-8,860$-15,357$457
Gross revenue$97,580$90,001$107,125$16,872$18,400$21,600$24,000$19,080
Less: direct expenses other than fundraising expenses$0$40,948$38,341$36,387$31,477$30,460$39,357$18,623
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$-40$52
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$8,385$1,352
Less: cost of goods sold$0$0$0$0$0$0$8,425$1,300
Other revenue$0$0$0$0$0$0$0$0
Total expenses$2,864,030$2,553,839$2,699,675$2,920,246$4,128,983$4,469,554$6,355,036$5,341,655
Program services$2,601,919$2,258,288$2,375,807$2,663,301$3,743,484$3,827,494$5,685,152$4,804,764
Management and general$102,664$131,186$185,283$182,696$139,744$179,859$256,075$360,658
Fundraising$159,447$164,365$138,585$74,249$245,755$462,201$413,809$176,233
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$22,530,585$28,017,760$34,127,212$47,942,067$52,276,943$56,344,240$60,916,056$67,473,265
Excess or (deficit) for the year$4,260,901$7,545,052$8,375,246$8,562,051$682,191$1,072,930$-1,801,651$1,842,166
Net assets or fund balances at beginning of year$17,668,123$22,530,585$28,017,760$34,127,212$47,942,067$52,276,943$56,344,240$60,916,056
Other changes in net assets or fund balances$601,561$-2,057,877$-2,265,794$5,252,804$3,652,685$2,994,367$6,373,467$4,715,043
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$5,341,655$4,804,764$360,658$176,233
Grants paid from donor advised funds$0
Other grants and allocations$3,574,302
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$232,326$139,534$82,567$10,225
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$543,616$378,199$99,008$66,409
Pension plan contributions not included above$28,415$16,558$7,127$4,730
Employee benefits not included above$66,905$39,521$16,314$11,070
Payroll taxes$43,688$25,732$12,495$5,461
Professional fundraising fees$0$0$0$0
Accounting fees$21,420$12,000$6,555$2,865
Legal fees$29,170$4,460$24,134$576
Supplies$59,965$48,879$4,832$6,254
Telephone$15,465$9,109$4,423$1,933
Postage and shipping$6,629$4,062$1,746$821
Occupancy$60,585$47,934$8,803$3,848
Equipment rental and maintenance$31,657$21,416$7,127$3,114
Printing and publications$19,846$12,253$4,403$3,190
Travel$49,850$36,050$7,512$6,288
Conferences, conventions, and meetings$25,024$20,011$3,488$1,525
Interest$4,039$0$4,039$0
Depreciation, depletion, etc.$21,400$12,605$6,120$2,675
Other expenses not covered above$507,353$402,139$59,965$45,249
Balance Sheets
20002001200220032004200520062007
Total assets$23,749,696$28,115,239$34,181,080$48,560,715$53,143,559$58,534,003$62,801,917$69,162,825
Cash - non-interest-bearing$3,414,236$3,221,460$2,295$3,263,264$50,706$73,832$154,513$308,564
Savings and temporary cash investments$0$14,715$3,157,830$1,077,737$3,450,918$4,291,280$688,941$1,795,093
Accounts receivable less allowance for doubtful accounts$0$560$50$20,000$125$200$39$2,025
Pledges receivable less allowance for doubtful accounts$3,067,460$6,060,693$8,975,109$6,973,730$71,625$244,761$404,363$443,572
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$3,409$4,216$5,275$36,158$1,816
Investments - publicly-traded securities$61,446,247$65,664,795
Investments - other securities$17,223,574$18,776,857$22,016,792$37,187,535$49,528,031$53,878,471$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$44,426$40,954$29,004$35,040$37,938$40,184$60,106$936,710
Other assets, including program-related investments$0$0$0$0$0$0$11,550$10,250
Total liabilities$1,219,111$97,479$53,868$618,648$866,616$2,189,763$1,885,861$1,689,560
Accounts payable and accrued expenses$9,619$14,479$21,181$22,990$25,624$122,821$172,653$254,107
Grants payable$1,209,492$83,000$32,687$595,658$840,992$2,066,942$1,392,206$882,806
Deferred revenue$0$0$0$0$0$0$297,500$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$23,502$531,402
Other liabilities$0$0$0$0$0$0$0$21,245
Total liabilities and net assets/fund balances$23,749,696$28,115,239$34,181,080$48,560,715$53,143,559$58,534,003$62,801,917$69,162,825
Total net assets or fund balances$22,530,585$28,017,760$34,127,212$47,942,067$52,276,943$56,344,240$60,916,056$67,473,265
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$7,124,931$10,098,891$11,074,921$11,482,297$4,811,174$5,542,484$4,553,385$7,183,821
Total revenue, gains, and other support per audited financial statements$7,726,492$8,081,962$7,949,835$16,773,988$8,499,454$8,567,311$9,775,307$11,972,623
Other expenses$601,561$-2,016,929$-3,127,453$5,291,691$4,240,280$3,024,827$6,421,922$4,788,802
Net unrealized gains on investments$601,561$-2,057,877$-3,165,794$5,252,804$4,204,685$2,994,367$6,373,467$4,742,379
Donated services and use of facilities$0$0$0$2,500$4,118$0$0$26,500
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$40,948$38,341$36,387$31,477$30,460$48,455$19,923
Other revenue$0$0$-2,367$0$552,000$0$1,200,000$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$-2,367$0$552,000$0$1,200,000$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$2,864,030$2,553,839$2,699,675$2,920,246$4,128,983$4,469,554$6,355,036$5,341,655
Total expenses and losses per audited financial statements$2,864,030$2,594,787$2,740,383$2,959,133$4,164,578$4,500,014$5,203,491$5,388,078
Other revenue$0$40,948$38,341$38,887$35,595$30,460$48,455$46,423
Donated services and use of facilities$0$0$0$2,500$4,118$0$0$26,500
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$40,948$38,341$36,387$31,477$30,460$48,455$19,923
Other expenses$0$0$-2,367$0$0$0$1,200,000$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$-2,367$0$0$0$1,200,000$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$120,357$25,711$0
40$66,486$19,772$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings16
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200610
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$2,160,523$399,267
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$399,267
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$52,277$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,578,761$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$528,976$0
Net income or (loss) from special events000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$457$0
Gross profit or (loss) from sales of inventory000000$0Income from the sale of merchandise, substantially all of which (at least 85%) was donated to the organization (section 513(a)(3))$52$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
208699677100%$0$871,087
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$78,000$20,013$0
$67,600$10,755$0
$69,886$18,246$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
19992000200120022003200420052006
Total$7,298,600$10,041,188$7,056,043$8,216,210$13,500,113$11,764,631$5,399,861$4,166,560
Gifts, grants, and contributions received$6,906,811$9,411,557$6,286,738$7,373,486$12,542,199$10,515,779$3,980,994$2,612,478
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$110,785$16,922$22,450$29,025$32,385
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$391,789$629,631$769,305$731,939$940,992$1,226,402$1,389,842$1,521,697
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$4,987,117
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$4,987,117
Lobbying nontaxable amount$399,356
Grassroots nontaxable amount$99,839
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Sandia Foundation6211 San Mateo Blvd Ne Ste 100, Albuquerque, NM 87109-3551NM1957-10$91,649,452
2Los Alamos National Laboratory Foundation1112 Plaza Del Norte, Espanola, NM 87532-3216NM1998-07$5,744,400
3Rural School And Community Trust4301 Connecticut Ave Nw Ste 100, Washington, DC 20008-2304DC1996-01$5,120,247
4West Side Day Nursery And Kindergarten20 W 86th St, New York, NY 10024-3604NY1947-04$549,484
5American Friends Of Bucerius Law School440 Park Avenue South 2nd Floor, New York, NY 10016NY2007-02$421,513
6St Mary Central-Seton Education Endowment Fund Agency 08051997PO BOX 649, Neenah, WI 54957-0649WI1999-10$417,310
7Schools For SalonePO BOX 25314, Seattle, WA 98165-2214WA2008-06$343,503
8Verlyn E Grahl Foundation Inc130 S Main St, Fond Du Lac, WI 54935-4210WI1999-02$275,937
9St Patrick School Foundation Inc, John J Brannen Community Education Foundation Inc4 W 3rd Street, Maysville, KY 41056KY1981-10$78,106
10Drew League Foundation2851 W 120th Street Suite E 517, Hawthorne, CA 90250CA2009-01$68,411
11Stowe Schools Foundation For Educational Advancement IncPO BOX 820, Stowe, VT 05672-0820VT1998-01$46,249
12Ruckus House Scholarship Foundation Inc9450 Moss Plantation Rd Nw, Concord, NC 28027NC2007-04$34,016
13U S Freedom Foundation1717k St Nw Ste 600, Washington, DC 20036DC2003-05$16,750
14Battle Creek-Ida Grove School Foundation Inc500 2nd St, Ida Grove, IA 51445-1305IA2001-01$3,763
15Achieve 121224 N Pine St, Lansing, MI 48933-1022MI2004-12$0
16Aransas Pass Panther Booster ClubPO BOX 1994, Aransas Pass, TX 78335-1994TX2000-11$0
17Bison Charities37300 10th Ave, Buffalo Center, IA 50424IA1999-09$0
18Brainstorm558 Coventry Ln, West Chester, PA 19382-7588PA2001-11$0
19Cascade Academy Foundation1331 Nw Eastman Pkwy, Gresham, OR 97030OR2008-09$0
20Franklin Regional Varsity Swimming And Diving Booster Club5611 Summit Court, Export, PA 15632PA2009-06$0
Number of organizations performing similar types of work
Arkansas1
Arizona2
California14
Colorado3
Connecticut1
District of Columbia4
Delaware1
Florida3
Georgia3
Iowa6
Illinois4
Indiana1
Kansas1
Kentucky2
Louisiana2
Massachusetts3
Maryland3
Maine1
Michigan4
Minnesota1
Missouri1
Mississippi2
North Carolina4
New Hampshire1
New Jersey4
New Mexico2
Nevada1
New York7
Ohio3
Oregon2
Pennsylvania2
Rhode Island2
South Dakota1
Tennessee4
Texas7
Virginia2
Vermont1
Washington4
Wisconsin4
Total114

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