Nova Foundation Inc in Reno, Nevada (NV)
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
| Nova Foundation Inc | |
| Employer Identification Number (EIN) | 020807885 |
| Name of Organization | Nova Foundation Inc |
| In Care of Name | Michele Colonica |
| Address | 316 California Ave Ste 448, Reno, NV 89509-1650 |
| Subsection | Charitable Organization |
| Ruling Date | 06/2007 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2013 |
| Assets | $100,000 to $499,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $308,909 |
| Amount of Income | $512,114 |
| Form 990 Revenue Amount | $508,970 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2013: $512,114 (it was $504,797 in 2012)
| This organization: | $512,114 |
| Other organizations performing similar types of work: | $103,138 |
Assets in 2013: $308,909 (it was $316,814 in 2012)
| Nova Foundation Inc: | $308,909 |
| Other organizations performing similar types of work: | $338,623 |
Expenses in 2012: $533,670
| This organization: | $533,670 |
| Other organizations performing similar types of work: | $46,867 |
Income to expenses ratio in 2012: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 99.9%
| Nova Foundation Inc: | 99.9% |
| Other organizations performing similar types of work: | 79.6% |
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 | $500,609 | $4,762 | $0 | |
| Contributions, gifts, grants, etc., received | $500,000 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $4,764 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $31 | |||
| Total expenses and disbursements | $533,670 | $8,670 | $0 | $25,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $8,670 | $8,670 | $0 | |
| Contributions, gifts, grants paid | $525,000 | |||
| Excess of revenue over expenses and disbursements | $-33,061 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $316,814 | $316,814 |
| 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 | $286,624 | |
| Other | $30,190 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $316,814 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-4,186 |
| 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 | $0 |
| Total credits and payments | $779 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $779 |
| 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 | $779 |
| Amount to be credited to 2013 estimated tax | $779 |
| 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 | $319,315 |
| Net value of noncharitable-use assets | $314,520 |
| Minimum investment return | $15,726 |
| Distributable Amount (for 2012) | |
| Distributable amount | $15,726 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $15,726 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $1,721 |
| 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 | Troesh Family Foundation | 1370 Jet Stream Dr Ste 100, Henderson, NV 89052-4234 | NV | 2000-06 | $49,416,561 |
| 2 | Tony And Renee Marlon Charitable Foundation | 1645 Village Center Cir Ste 170, Las Vegas, NV 89134-6371 | NV | 2007-12 | $18,671,853 |
| 3 | Roxie And Azad Joseph Foundation | 2890 Outlook Dr, Reno, NV 89509-3953 | NV | 2005-07 | $5,770,762 |
| 4 | World Education Foundation, Gupta Vinod Ttee | 9017 Greensboro Ln, Las Vegas, NV 89134-0501 | NV | 2004-03 | $4,823,120 |
| 5 | Eucharist Foundation | 723 S Casino Center Blvd 2nd Fl, Las Vegas, NV 89101-6716 | NV | 2014-04 | $2,100,393 |
| 6 | Zarley Fam Foundation | 600 Saint Croix St, Henderson, NV 89012-7271 | NV | 2007-02 | $1,824,757 |
| 7 | The Wolzinger Family Foundation | 3100 Skipworth Dr, Las Vegas, NV 89107-3242 | NV | 2000-09 | $1,523,625 |
| 8 | Victor H Dropkin Foundation | 6325 S Rainbow Blvd Ste 300, Las Vegas, NV 89118-3278 | NV | 1997-01 | $1,064,785 |
| 9 | The Raymond C Rude Foundation Inc | C/O Cfwnv 1885 S Arlington 103, Reno, NV 89509 | NV | 2001-08 | $1,050,148 |
| 10 | Sharon E Sigesmund Charitablefoundation Inc | 2777 Paradise Road, Las Vegas, NV 89109-9050 | NV | 2007-06 | $757,538 |
| 11 | Ejc Foundation | 950 Idaho St, Elko, NV 89801-3919 | NV | 2011-05 | $751,313 |
| 12 | Norman L Marxen Scholarship Fund, 45593100 | 6325 S Rainbow Blvd 3rd Fl, Las Vegas, NV 89118-3277 | NV | 2014-07 | $669,857 |
| 13 | Helen C Roberts Trust L30-375 1st Interstate Bank Of Arizona, Wells Fargo Bank Na | PO BOX 95021, Henderson, NV 89009-5021 | NV | 2014-07 | $630,091 |
| 14 | Maryq And Charles E Marshall Charitable Foundation | 7526 Frontier Ranch Ln, Las Vegas, NV 89113-0731 | NV | 2009-10 | $593,073 |
| 15 | Sfo Foundation | PO BOX 4913, Stateline, NV 89449-4913 | NV | 2002-04 | $582,620 |
| 16 | John & Vilma Stapleton Charitable Tua | PO BOX 95021, Henderson, NV 89009-5021 | NV | 2014-02 | $552,442 |
| 17 | Bruce Fishkin Scholarship Fund | 5775 S Fort Apache Road Ste C, Las Vegas, NV 89148-5627 | NV | 2010-06 | $510,101 |
| 18 | The Children Of Light Foundation | PO BOX 5667, Incline Vlg, NV 89450-5667 | NV | 1999-09 | $473,184 |
| 19 | Terri And Roland Sturm Family | 6680 Rebecca Rd, Las Vegas, NV 89131-3138 | NV | 2001-01 | $443,859 |
| 20 | Hb Calder Family Foundation | 1159 Little Bird Ct, Henderson, NV 89011-3086 | NV | 2011-01 | $412,497 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 20,448 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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