Stevan & Cynthia Pearce Charitable Foundation in Hobbs, 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
Stevan & Cynthia Pearce Charitable Foundation | |
Employer Identification Number (EIN) | 010576324 |
Name of Organization | Stevan & Cynthia Pearce Charitable Foundation |
In Care of Name | Stevan Pearce |
Address | PO BOX 1830, Hobbs, NM 88241-1830 |
Subsection | Educational Organization |
Ruling Date | 05/2003 |
Deductibility | Contributions are deductible |
Foundation | Private non-operating foundation |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 09/2014 |
Assets | $1,000,000 to $4,999,999 |
Income | $1,000,000 to $4,999,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $1,368,025 |
Amount of Income | $2,748,047 |
Form 990 Revenue Amount | $148,436 |
National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Public Foundations |
Non-representatives - add comments:
Amount of income in 2014: $2,748,047 (it was $3,008,322 in 2013)
Stevan & Cynthia Pearce Charitable Foundation: | $2,748,047 |
Other organizations performing similar types of work: | $71,328 |
Assets in 2014: $1,368,025 (it was $1,322,625 in 2013)
This organization: | $1,368,025 |
Other organizations performing similar types of work: | $50,799 |
Expenses in 2012: $62,321
Stevan & Cynthia Pearce Charitable Foundation: | $62,321 |
Other organizations performing similar types of work: | $47,311 |
Income to expenses ratio in 2012: 44.1
Stevan & Cynthia Pearce Charitable Foundation: | 44.1 |
Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 42.9%
Stevan & Cynthia Pearce Charitable Foundation: | 42.9% |
Other organizations performing similar types of work: | 7.7% |
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 | $111,867 | $48,574 | $48,574 | |
Contributions, gifts, grants, etc., received | $48,000 | |||
Interest on savings and temporary cash investments | $12,077 | |||
Dividends and interest from securities | $36,497 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $0 | |||
Other | $15,293 | |||
Total expenses and disbursements | $62,321 | $6,947 | $0 | $53,950 |
Compensation of officers, directors, trustees, etc. | $0 | |||
Total operating and administrative expenses | $8,371 | $6,947 | $0 | |
Contributions, gifts, grants paid | $53,950 | |||
Excess of revenue over expenses and disbursements | $49,546 | |||
Net investment income | $41,627 | |||
Adjusted net income | $48,574 |
Balance Sheets (for 2012) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $1,334,228 | $1,517,305 |
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 | $1,298,907 | |
Other | $35,321 | |
Total liabilities | $1 | |
Mortgages and other notes payable | $0 | |
Other | $1 | |
Total liabilities and net assets/fund balances | $1,334,228 |
Capital Gains and Losses for Tax on Investment Income (for 2012) | |
Capital gain net income | $15,293 |
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 | $833 |
Total credits and payments | $662 |
2012 estimated tax payments and 2011 overpayment credited to 2012 | $662 |
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 | $1 |
Tax due | $172 |
Overpayment | $0 |
Amount to be credited to 2013 estimated tax | $0 |
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 | $1,437,668 |
Net value of noncharitable-use assets | $1,416,100 |
Minimum investment return | $70,805 |
Distributable Amount (for 2012) | |
Distributable amount | $69,972 |
Undistributed Income (for 2012) | |
Distributable amount for 2012 | $69,972 |
Undistributed income for 2012. This amount must be distributed in 2013 | $7,955 |
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 | Roswell Park Alliance Foundation | Elm And Carlton St, Buffalo, NY 14263-0001 | NY | 1996-08 | $28,110,672 |
2 | Science Foundation Arizona | 400 E Van Buren St Ste 220, Phoenix, AZ 85004-2223 | AZ | 2006-11 | $7,919,015 |
3 | St Andrews Charitable Foundation | 6633 Delmar Blvd, St Louis, MO 63130-4505 | MO | 2008-01 | $1,344,641 |
4 | Tma Support Corporation | 2427 M L K Jr Ave Se, Washington, DC 20020-5815 | DC | 2006-10 | $709,645 |
5 | Rotary Club Of Coralsprings-Parkland Foundation Inc | 11873 Nw 2nd Ct, Coral Springs, FL 33071-8017 | FL | 2007-03 | $57,467 |
6 | Stevan & Cynthia Pearce Charitable Foundation | PO BOX 1830, Hobbs, NM 88241-1830 | NM | 2003-05 | $2,748,047 |
7 | San Juan United Way | PO BOX 323, Farmington, NM 87499-0323 | NM | 1962-12 | $1,978,887 |
8 | New Mexico Forum For Youth In Community | 924 Park Ave Sw Ste E, Albuquerque, NM 87102-3023 | NM | 2009-01 | $1,429,696 |
9 | Roswell Sertoma Club Inc | PO BOX 202, Roswell, NM 88202-0202 | NM | 2009-06 | $1,091,094 |
10 | Sertoma Inc, 10669 Las Cruces Sertoma Club | PO BOX 1208, Las Cruces, NM 88004-1208 | NM | 1964-01 | $237,413 |
11 | San Juan Open Foundation | 5775 Country Club Dr, Farmington, NM 87402-5085 | NM | 2006-06 | $212,033 |
12 | William H Darden And Kathryn T Darden Foundation Inc | PO BOX 399, Raton, NM 87740-0399 | NM | 2013-01 | $162,030 |
13 | Rotary South Valley Charities | 6804 4th St Nw Pmb 146, Los Ranchos, NM 87107-6117 | NM | 2004-08 | $129,503 |
14 | Alamogordo Twice Blest Community Public Charity, Twice Blest | 2920 N White Sands Blvd, Alamogordo, NM 88310-6138 | NM | 2013-01 | $94,698 |
15 | Global Running Culture Inc, Global Running Culture | 200 W Marcy Street, Santa Fe, NM 87501-2096 | NM | 2011-05 | $84,602 |
16 | Samjivani Foundation, Medical Relief For India | 5800 Eurbank Blvd Ne 1705, Albuquerque, NM 87111 | NM | 2007-08 | $19,153 |
17 | Sertoma Inc, Space City Sertoma Bingo | Pobox 1319, Alamogordo, NM 88311-1319 | NM | 1964-01 | $10,317 |
18 | Santa Fe Centro Rotary Foundation | Po Box 1811, Santa Fe, NM 87504-1811 | NM | 2007-02 | $5,357 |
19 | Tools For Learning Outreach Services | Po Box 94372, Albuquerque, NM 87199 | NM | 2011-05 | $3,736 |
20 | Diana And Chester French Stewart Family Foundation | PO BOX 94, Albuquerque, NM 87103-0094 | NM | 2013-09 | $1 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 13,855 |
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