Whitehead Charitable Foundation in Atlanta, Georgia (GA)
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
- Other organizations in Georgia
| Whitehead Charitable Foundation | |
| Employer Identification Number (EIN) | 060956618 |
| Name of Organization | Whitehead Charitable Foundation |
| In Care of Name | Crosspoint Advisory Llc |
| Address | 3330 Cumberland Blvd Se Ste 400, Atlanta, GA 30339-5985 |
| Subsection | Charitable Organization |
| Ruling Date | 06/1977 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 11/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $4,657,184 |
| Amount of Income | $85,841 |
| Form 990 Revenue Amount | $286,917 |
Non-representatives - add comments:
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 | $467,152 | $452,152 | $0 | |
| Contributions, gifts, grants, etc., received | $15,000 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $70,391 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $13,827 | |||
| Other | $367,934 | |||
| Total expenses and disbursements | $292,544 | $49,544 | $0 | $243,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $49,544 | $49,544 | $0 | |
| Contributions, gifts, grants paid | $243,000 | |||
| Excess of revenue over expenses and disbursements | $174,608 | |||
| Net investment income | $402,608 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $4,117,904 | $4,776,603 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $2,458,891 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $1,659,013 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $4,117,904 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $367,934 |
| 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 | $4,026 |
| Total credits and payments | $10,955 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $10,955 |
| 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 | $6,929 |
| Amount to be credited to 2013 estimated tax | $6,929 |
| 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 | $4,811,139 |
| Net value of noncharitable-use assets | $4,738,980 |
| Minimum investment return | $236,949 |
| Distributable Amount (for 2012) | |
| Distributable amount | $232,923 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $232,923 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $230,680 |
| 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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| Other organizations in Georgia | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Fitwit Foundation Inc | 1270 Caroline Street Suite D120-403, Atlanta, GA 30307 | GA | 2008-09 | $73,228 |
| 2 | Flint Humane Society Inc | PO BOX 308, Vienna, GA 31092 | GA | 2008-03 | $0 |
| 3 | Foundation For Adult Living Inc | 3330 Cumberland Blvd Ste 900, Atlanta, GA 30339 | GA | 2007-10 | $415,395 |
| 4 | Foundation For Education Inc | 1266 West Paces Ferry Road 442, Atlanta, GA 30327 | GA | 1998-03 | $43,111 |
| 5 | Frabel Art Foundation Inc | 689 Antone St, Atlanta, GA 30318 | GA | 2006-12 | $50,005 |
| 6 | Uta Jerome Nerman Family Foundation | 325 Country Club Dr, Stockbridge, GA 30281-7350 | GA | 2005-02 | $80,846 |
| 7 | William A Carson Foundation Inc | 1541 Jackson Ridge Rd, Greensboro, GA 30642-5210 | GA | 1952-06 | $15,082 |
| 8 | Used Truck Sales Network, Used Truck Association | 325 Country Club Dr Ste A, Stockbridge, GA 30281-7350 | GA | 1999-09 | $719,272 |
| 9 | Weeks Foundation Inc | 3350 Riverwood Pkwy Suite 700, Atlanta, GA 30339-3351 | GA | 1998-08 | $5,790 |
| 10 | Wardlaw Family Foundation Inc | 1004 Country Club Dr, Lagrange, GA 30240-1002 | GA | 2002-09 | $174,706 |
| 11 | Whitehead Charitable Foundation | 3330 Cumberland Blvd Se Ste 400, Atlanta, GA 30339-5985 | GA | 1977-06 | $85,841 |
| 12 | Zawadi Africa Educational Fund Inc | 1820 Peachtree St Nw Unit 1902, Atlanta, GA 30309-8406 | GA | 2007-02 | $438,862 |
| 13 | Southern Amateur Hockey Association Incorporated | 3520 Piedmont Rd Ne Ste 125, Atlanta, GA 30305-1582 | GA | 2000-08 | $60,202 |
| 14 | Sunergos Missions Inc | 146 Jaime Dr, Canton, GA 30114-5848 | GA | 2014-05 | $159,222 |
| 15 | Theta Chi Fraternity Inc, Chi Chapter Alumni Corporation | 6015 Antebellum Dr, Stone Mtn, GA 30087-1125 | GA | 1966-06 | $341,066 |
| 16 | Tommy Miranda Ministries Inc | PO BOX 3146, Alpharetta, GA 30023-3146 | GA | 2009-03 | $163,228 |
| 17 | Free & Accepted Masons Of Georgia | Po Box 892, Cleveland, GA 30528 | GA | 1941-07 | $0 |
| 18 | Friends Of Oconee Hill Cemetery Inc | PO BOX 49219, Athens, GA 30604 | GA | 2003-01 | $151,525 |
| 19 | Gamma Phi Beta Sorority Inc | 2172 Unity Trail Nw, Marietta, GA 30064 | GA | 1940-11 | $155,657 |
| 20 | Gencare Of Georgia Inc | Po Box 1659 34 Oak St, East Ellijay, GA 30540 | GA | 2009-05 | $54,452 |
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