Tc And Rita Shook Horton Charitable Foundation in Edgewood, 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
| Tc And Rita Shook Horton Charitable Foundation | |
| Employer Identification Number (EIN) | 850466813 |
| Name of Organization | Tc And Rita Shook Horton Charitable Foundation |
| In Care of Name | James M Parker |
| Address | PO BOX 1443, Edgewood, NM 87015-1443 |
| Subsection | Charitable Organization |
| Ruling Date | 11/2005 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $100,000 to $499,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $412,105 |
| Amount of Income | $14,237 |
| Form 990 Revenue Amount | $14,237 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2011: $14,237 (it was $6,438 in 2010)
| This organization: | $14,237 |
| Other organizations performing similar types of work: | $103,138 |
Assets in 2011: $412,105 (it was $408,748 in 2010)
| Tc And Rita Shook Horton Charitable Foundation: | $412,105 |
| Other organizations performing similar types of work: | $338,623 |
Expenses in 2011: $20,880
| Tc And Rita Shook Horton Charitable Foundation: | $20,880 |
| Other organizations performing similar types of work: | $46,867 |
Income to expenses ratio in 2011: 0.7
| This organization: | 0.7 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2011: 70.2%
| This organization: | 70.2% |
| Other organizations performing similar types of work: | 79.6% |
Revenue for 2011
Expenses for 2011
Assets 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 | $14,237 | $4,386 | $4,237 | |
| Contributions, gifts, grants, etc., received | $10,000 | |||
| Interest on savings and temporary cash investments | $4,386 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-149 | |||
| Total expenses and disbursements | $20,880 | $0 | $0 | $20,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $880 | $0 | $0 | |
| Contributions, gifts, grants paid | $20,000 | |||
| Excess of revenue over expenses and disbursements | $-6,643 | |||
| Net investment income | $4,386 | |||
| Adjusted net income | $4,237 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $412,105 | $412,106 |
| Cash - non-interest-bearing | $-1 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $13,917 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $25,150 | |
| Other | $373,039 | |
| Total liabilities | $10,000 | |
| Mortgages and other notes payable | $0 | |
| Other | $10,000 | |
| Total liabilities and net assets/fund balances | $402,105 | |
| 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 | $88 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $88 |
| 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? | Yes |
| 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 | $407,641 |
| Net value of noncharitable-use assets | $401,520 |
| Minimum investment return | $20,076 |
| Distributable Amount (for 2011) | |
| Distributable amount | $19,988 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $19,988 |
| 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 | Py Foundation | PO BOX 1020, Artesia, NM 88211-1020 | NM | 2014-10 | $22,804,171 |
| 2 | Estelle H Yates Foundation, Estelle H Yates Ttee | PO BOX 1020, Artesia, NM 88211-1020 | NM | 2011-09 | $3,225,069 |
| 3 | Frederick Hammersley Foundation | PO BOX 56548, Albuquerque, NM 87187-6548 | NM | 2009-10 | $2,733,843 |
| 4 | Sloat Prince Foundation Anm Non Profit Corporation | 417 S 7th St, Raton, NM 87740-4013 | NM | 2007-02 | $2,076,376 |
| 5 | The Simon Charitable Foundation | 524 Don Gaspar Ave, Santa Fe, NM 87505-2626 | NM | 2011-03 | $1,809,091 |
| 6 | The Ark Foundation | PO BOX 644, Tesuque, NM 87574-0644 | NM | 2001-12 | $876,376 |
| 7 | Thomas A And Mary E Dugan Foundation | 709 E Murray Dr, Farmington, NM 87401-6649 | NM | 2011-05 | $848,484 |
| 8 | Toles Foundation | PO BOX 1300, Roswell, NM 88202-1300 | NM | 2002-08 | $401,049 |
| 9 | Veritas Foundation | 324 Paseo De Peralta, Santa Fe, NM 87501-1861 | NM | 2000-12 | $323,619 |
| 10 | Fred P Higgins Memorial Fund | PO BOX 1968, Albuquerque, NM 87103-1968 | NM | 2014-03 | $162,304 |
| 11 | Smith-Pierce Foundation For Youth And Education | 4708 Royene Ave Ne, Albuquerque, NM 87110-5834 | NM | 2011-05 | $120,118 |
| 12 | Sandra And Ralph Mattuecci Foundation | 226 E Main St, Roswell, NM 88201 | NM | 2004-08 | $93,316 |
| 13 | Jessicas Love Foundation | 10 Pueblo Dr, Santa Fe, NM 87505-1634 | NM | 2011-09 | $86,706 |
| 14 | Van Allen Family Foundation | 9613 Desert Mountain Rd Ne, Albuquerque, NM 87122-3614 | NM | 2002-04 | $86,076 |
| 15 | Tikal Project West Inc | 7020 Prospect Pl Ne, Albuquerque, NM 87110-4348 | NM | 2013-09 | $52,000 |
| 16 | Sjr Charitable Foundation | 551 W Cordova Rd 208, Santa Fe, NM 87505-1825 | NM | 2007-10 | $47,955 |
| 17 | Marcia L Berger Educational Foundtion | PO BOX 6603, Albuquerque, NM 87197-6603 | NM | 2009-06 | $47,868 |
| 18 | Zane Bennett Family Foundation | 51 Ranch Estates Rd, Santa Fe, NM 87506-2149 | NM | 2006-01 | $39,442 |
| 19 | Cope Foundation | PO BOX 905, Hobbs, NM 88241-0905 | NM | 2011-07 | $20,000 |
| 20 | Roslin Foundation | 2729a State Highway 47, Los Lunas, NM 87031-7527 | NM | 2012-03 | $15,075 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 20,448 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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