Clyde Williams Foundation in Avon Lake, Ohio (OH)
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
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Organizations performing similar types of work
| Clyde Williams Foundation | |
| Employer Identification Number (EIN) | 010671468 |
| Name of Organization | Clyde Williams Foundation |
| In Care of Name | Karen Ap Assink Trustee |
| Address | 345 Greenbriar Dr, Avon Lake, OH 44012-2155 |
| Subsection | Charitable Organization |
| Ruling Date | 09/2002 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $689,826 |
| Amount of Income | $172,892 |
| Form 990 Revenue Amount | $43,780 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2013: $172,892 (it was $381,997 in 2012)
| Clyde Williams Foundation: | $172,892 |
| Other organizations performing similar types of work: | $103,138 |
Assets in 2013: $689,826 (it was $797,942 in 2012)
| Clyde Williams Foundation: | $689,826 |
| Other organizations performing similar types of work: | $338,623 |
Expenses in 2012: $309,834
| Clyde Williams Foundation: | $309,834 |
| Other organizations performing similar types of work: | $46,867 |
Income to expenses ratio in 2012: 0.6
| Clyde Williams Foundation: | 0.6 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 0.0%
| This organization: | 0.0% |
| 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 | $60,646 | $60,646 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $81 | |||
| Dividends and interest from securities | $25,327 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $35,238 | |||
| Total expenses and disbursements | $309,834 | $6,490 | $0 | $303,132 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $8,184 | $6,490 | $1,482 | |
| Contributions, gifts, grants paid | $301,650 | |||
| Excess of revenue over expenses and disbursements | $-249,188 | |||
| Net investment income | $54,156 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $797,942 | $897,542 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $661,626 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $136,316 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $797,942 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $35,238 |
| 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 | $542 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $8 |
| Tax due | $550 |
| 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? | Yes |
| 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 | $940,808 |
| Net value of noncharitable-use assets | $926,700 |
| Minimum investment return | $46,335 |
| Distributable Amount (for 2012) | |
| Distributable amount | $45,793 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $45,793 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| 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 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $3,476 | $0 | $3,476 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $20,410 | $0 | $20,410 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $-16,934 | $0 | $-16,934 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $813 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $813 |
| Unrelated business taxable income | $1,663 |
| Unrelated business taxable income before net operating loss deduction | $2,663 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $2,663 |
| Specific deduction | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Virginia B Toulmin Charitable Foundation Iii 20-102080246164, Adams Roy M Et Al Ttee | 10 West Second Street 26th Floor, Dayton, OH 45402-1791 | OH | 2004-01 | $92,329,927 |
| 2 | Schiewetz Foundation Inc | 3110 Kettering Blvd, Moraine, OH 45439-1924 | OH | 2002-02 | $36,836,240 |
| 3 | Tsf, Smith E Ttee | 2071 N Bechtle Ave 203, Springfield, OH 45504-1583 | OH | 2002-04 | $25,415,213 |
| 4 | Sankey Family Foundation | 4040 Embassy Pkwy Ste 100, Akron, OH 44333-8354 | OH | 2000-09 | $11,804,797 |
| 5 | Lift A Life Foundation Inc | 5885 Lauderbrook Dr Ste 300, Mayfield Heights, OH 44124 | OH | 2000-05 | $9,939,226 |
| 6 | Giving Hope Worldwide Foundation | 6200 Riverside Dr, Cleveland, OH 44135-3132 | OH | 2011-02 | $9,334,497 |
| 7 | Rockwern Charitable Foundation, Gettler Benjamin Ttee | 30 Garfield Pl Ste 1030, Cincinnati, OH 45202-4300 | OH | 1999-12 | $7,673,306 |
| 8 | Tuw Joseph F Cannon Jr For The Grandfather Home For Children | PO BOX 630858, Cincinnati, OH 45263-0858 | OH | 1974-05 | $7,232,105 |
| 9 | Welty Family Foundation | 3595 N Fork Dr, Akron, OH 44333-2137 | OH | 2000-03 | $5,669,027 |
| 10 | The Past Presidents Foundation | 950 Main Ave Ste 1100, Cleveland, OH 44113-7213 | OH | 2002-02 | $5,339,653 |
| 11 | Belford Family Charitable Fund Inc | 2950 E Broad St, Columbus, OH 43209-1963 | OH | 2008-07 | $3,777,952 |
| 12 | Weary Family Foundation | C/O Gifford Weary, Columbus, OH 43220 | OH | 2000-03 | $3,467,450 |
| 13 | Walter E Terhune Memorial Fund | 4900 Tiedeman Rd, Brooklyn, OH 44144-2338 | OH | 2013-04 | $3,330,057 |
| 14 | Sherman White Jr And Virginia H White Charitable Fund | PO BOX 10099, Toledo, OH 43699-0099 | OH | 2005-12 | $3,066,638 |
| 15 | Shannon Fam Charitable Foundation Tr | PO BOX 630858, Cincinnati, OH 45263-0858 | OH | 2006-03 | $2,879,806 |
| 16 | The Lefevre Foundation | 10 W Locust St, Newark, OH 43055-5520 | OH | 1985-08 | $2,791,863 |
| 17 | Saul Schottenstein Charitable Tr, Schottenstein Saul Ttee | 4300 E 5th Ave, Columbus, OH 43219-1816 | OH | 2002-10 | $2,781,017 |
| 18 | Tom And Genny Sedler Fam Foundation, Sedler Thomas E Ttee | 6045 Bridgetown Rd, Cincinnati, OH 45248-3020 | OH | 2000-03 | $2,610,730 |
| 19 | Frederick & Ellen Fair Memorial Fund P06109006 | 1900 E 9th St, Cleveland, OH 44114-3404 | OH | 2013-04 | $2,519,103 |
| 20 | David Herche Foundation Inc | 4955 Spring Grove Ave, Cincinnati, OH 45232-1925 | OH | 2013-02 | $2,387,987 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 20,448 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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