Bennett Family Foundation in Tulsa, Oklahoma (OK)
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
| Bennett Family Foundation | |
| Employer Identification Number (EIN) | 261627648 |
| Name of Organization | Bennett Family Foundation |
| In Care of Name | Joel Lacourse |
| Address | 8801 S Yale Ave Ste 420, Tulsa, OK 74137-3539 |
| Subsection | Charitable Organization |
| Ruling Date | 08/2008 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,189,269 |
| Amount of Income | $177,932 |
| Form 990 Revenue Amount | $129,011 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2012: $177,932 (it was $325,899 in 2011)
| Bennett Family Foundation: | $177,932 |
| Other organizations performing similar types of work: | $105,489 |
Assets in 2012: $1,189,269 (it was $1,149,776 in 2011)
| Bennett Family Foundation: | $1,189,269 |
| Other organizations performing similar types of work: | $325,460 |
Expenses in 2012: $70,936
| This organization: | $70,936 |
| Other organizations performing similar types of work: | $49,058 |
Income to expenses ratio in 2012: 2.5
| Bennett Family Foundation: | 2.5 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 53.9%
| This organization: | 53.9% |
| Other organizations performing similar types of work: | 22.8% |
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 | $110,429 | $50,881 | $39,287 | |
| Contributions, gifts, grants, etc., received | $59,548 | |||
| Interest on savings and temporary cash investments | $90 | |||
| Dividends and interest from securities | $30,997 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $8,200 | |||
| Other | $11,594 | |||
| Total expenses and disbursements | $70,936 | $7,736 | $7,736 | $63,200 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $7,736 | $7,736 | $0 | |
| Contributions, gifts, grants paid | $63,200 | |||
| Excess of revenue over expenses and disbursements | $39,493 | |||
| Net investment income | $43,145 | |||
| Adjusted net income | $31,551 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,189,269 | $1,363,539 |
| 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 | $1,145,013 | |
| Other | $44,256 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,189,269 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $11,594 |
| 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 | $863 |
| Total credits and payments | $3,262 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $3,262 |
| 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 | $2,399 |
| Amount to be credited to 2013 estimated tax | $2,399 |
| 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 | $1,285,330 |
| Net value of noncharitable-use assets | $1,266,060 |
| Minimum investment return | $63,303 |
| Distributable Amount (for 2012) | |
| Distributable amount | $62,440 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $62,440 |
| 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 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Genave K Rogers Charitable Tr, Debra Bacon Ttee | 401 S Boston Ave Ste 200, Tulsa, OK 74103-4038 | OK | 2012-07 | $15,583,887 |
| 2 | Common Bond Foundation | 12607 S 12th St, Jenks, OK 74037-4993 | OK | 2013-09 | $13,286,764 |
| 3 | Cresap Family Foundation | 9537 N Kelley Ave Ste A, Oklahoma City, OK 73131-2444 | OK | 2013-05 | $7,818,920 |
| 4 | Charles And Cassandra Bowen Charitable Foundation | 7300 N Country Club Dr, Oklahoma City, OK 73116-4316 | OK | 2010-04 | $3,872,043 |
| 5 | Rathburn Family Charitable Foundation, Gary Rathburn Ttee | 6010 E 117th St, Tulsa, OK 74137-8514 | OK | 2012-03 | $2,992,589 |
| 6 | Voskuhl-Staab Charitable Foundation | 2502 East 21st Street, Tulsa, OK 74114-1756 | OK | 2003-03 | $2,571,986 |
| 7 | Wisdom Family Foundation Inc, For Filing A Form 990t | PO BOX 37, Alva, OK 73717-0037 | OK | 2010-09 | $1,997,638 |
| 8 | William S Smith Charitable Tr, Smith William Ttee | 401 S Boston Ave Ste 205, Tulsa, OK 74103-4038 | OK | 2003-10 | $1,962,650 |
| 9 | Steven Russell Smith Foundation | 4141 S Jackson Ave, Tulsa, OK 74107-7017 | OK | 2010-06 | $1,667,801 |
| 10 | Robert Clay Liddell Foundation | 3000 Berry Road, Norman, OK 73072-7472 | OK | 2004-10 | $1,585,354 |
| 11 | Stitt Charitable Foundation, John K Stitt Ttee | 6910 E 14th St, Tulsa, OK 74112-6618 | OK | 2013-02 | $1,184,006 |
| 12 | J M And Ann Graves Charitable Foundation | 2219 E 45th Pl, Tulsa, OK 74105-4250 | OK | 2006-12 | $1,035,592 |
| 13 | Ross Charitable Foundation | PO BOX 690960, Tulsa, OK 74169-0960 | OK | 2007-06 | $1,027,018 |
| 14 | The Stephenson Scholarship Tr | PO BOX 26883, Oklahoma City, OK 73126-0883 | OK | 2009-03 | $834,393 |
| 15 | Sendme Foundation | 22096 S 445th East Ave, Porter, OK 74454-3239 | OK | 2008-08 | $769,373 |
| 16 | Carol Tandy Foundation | 8177 S Harvard 402, Tulsa, OK 74137-1612 | OK | 2011-10 | $734,869 |
| 17 | Gladyce S & Frank D Bittner Foundation | 501 Nw Grand Blvd Ste 300, Oklahoma City, OK 73118-6054 | OK | 2009-11 | $727,164 |
| 18 | Frances L Rainey Charitable Tr Ameritrust Sherman Ttee | PO BOX 1620, Tulsa, OK 74101-1620 | OK | 2013-04 | $603,276 |
| 19 | Harvey House Family Charitable Foundation | PO BOX 1468, Duncan, OK 73534-1468 | OK | 2010-07 | $536,650 |
| 20 | Albers Family Affiliated Fund Ofthe Occf Inc | PO BOX 1146, Oklahoma City, OK 73101-1146 | OK | 2009-01 | $474,499 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 22,395 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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