The Charles And Joanne Mcilwaine 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
| The Charles And Joanne Mcilwaine Foundation | |
| Employer Identification Number (EIN) | 207163272 |
| Name of Organization | The Charles And Joanne Mcilwaine Foundation |
| In Care of Name | O Brent Curry Cpa |
| Address | 8023 E 63rd Pl Ste 500, Tulsa, OK 74133-1209 |
| Subsection | Charitable Organization |
| Ruling Date | 05/2007 |
| 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 | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $2,694,634 |
| Amount of Income | $2,389,565 |
| Form 990 Revenue Amount | $269,548 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2012: $2,389,565 (it was $1,873,482 in 2011)
| This organization: | $2,389,565 |
| Other organizations performing similar types of work: | $103,138 |
Assets in 2012: $2,694,634 (it was $2,705,254 in 2011)
| The Charles And Joanne Mcilwaine Foundation: | $2,694,634 |
| Other organizations performing similar types of work: | $338,623 |
Expenses in 2012: $255,292
| This organization: | $255,292 |
| Other organizations performing similar types of work: | $46,867 |
Income to expenses ratio in 2012: 9.4
| This organization: | 9.4 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 0.0%
| The Charles And Joanne Mcilwaine Foundation: | 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 | $157,286 | $157,286 | $42,189 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $7,321 | |||
| Dividends and interest from securities | $34,212 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $656 | |||
| Other | $115,097 | |||
| Total expenses and disbursements | $255,292 | $1,316 | $1,087 | $0 |
| Compensation of officers, directors, trustees, etc. | $27,810 | |||
| Total operating and administrative expenses | $121,367 | $1,316 | $0 | |
| Contributions, gifts, grants paid | $133,925 | |||
| Excess of revenue over expenses and disbursements | $-98,006 | |||
| Net investment income | $155,970 | |||
| Adjusted net income | $41,102 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,694,634 | $2,694,814 |
| Cash - non-interest-bearing | $3,095 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $2,691,539 | |
| Total liabilities | $161,735 | |
| Mortgages and other notes payable | $0 | |
| Other | $161,735 | |
| Total liabilities and net assets/fund balances | $2,532,899 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $115,097 |
| 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 | $3,119 |
| Total credits and payments | $5,600 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $5,600 |
| 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 | $32 |
| Tax due | $0 |
| Overpayment | $2,449 |
| Amount to be credited to 2013 estimated tax | $2,449 |
| 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? | Yes |
| 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 | $2,714,641 |
| Net value of noncharitable-use assets | $2,673,920 |
| Minimum investment return | $133,696 |
| Distributable Amount (for 2012) | |
| Distributable amount | $130,577 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $130,577 |
| 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 | William K Warren Foundation | PO BOX 470372, Tulsa, OK 74147-0372 | OK | 1947-01 | $13,196,086 |
| 2 | Yot Full Circle Foundation | 1437 S Boulder Ave Ste 770, Tulsa, OK 74119-3642 | OK | 2009-10 | $11,828,401 |
| 3 | Mary K Oxley Foundation | 1437 S Boulder Ave Ste 770, Tulsa, OK 74119-3642 | OK | 2009-10 | $10,699,013 |
| 4 | Ralph And Frances Mcgill Foundation | PO BOX 3627, Tulsa, OK 74101-3627 | OK | 2000-11 | $3,920,079 |
| 5 | Robert S & Eloise C Bowers Foundation | PO BOX 1620, Tulsa, OK 74101-1620 | OK | 2000-05 | $3,681,115 |
| 6 | Young Family Foundation | PO BOX 1267, Fort Gibson, OK 74434-1267 | OK | 2001-01 | $2,291,055 |
| 7 | Sherman E Smith Fam Charitable Foundation, Smith William Sherman Ttee | 4325 E 51st St Ste 105, Tulsa, OK 74135-3646 | OK | 2006-03 | $1,409,598 |
| 8 | Walter And Helen Weitz Permanent Endowment Fund | PO BOX 1620, Tulsa, OK 74101-1620 | OK | 2009-04 | $1,310,419 |
| 9 | Marvin And Valoyce Musgrove Family Charitable Foundation Inc | 1121 N Prentice Rd, Ponca City, OK 74604-5128 | OK | 2013-07 | $1,062,967 |
| 10 | Wilshire Charitable Foundation | 5619 N Classen Blvd, Oklahoma City, OK 73118 | OK | 2005-12 | $1,027,203 |
| 11 | Robert And Meili Hefner Foundation | 6305 Waterford Blvd Ste 300, Oklahoma City, OK 73118-1193 | OK | 2011-07 | $1,022,000 |
| 12 | Blanche Foundation | PO BOX 1348, Edmond, OK 73083-1348 | OK | 2011-06 | $1,017,158 |
| 13 | Suzanne And Jim Kneale Family Foundation | 3630 S Wheeling Ave, Tulsa, OK 74105-8130 | OK | 2013-05 | $916,276 |
| 14 | The Denise Caves Trust, Caves Denise Ttee | PO BOX 1146, Bristow, OK 74010-1146 | OK | 2013-09 | $862,543 |
| 15 | Whitwell-Meyer Foundation | 11122 S Yale Ave, Tulsa, OK 74137-7620 | OK | 2010-07 | $854,932 |
| 16 | Sous Family Foundation Inc | 6313 E 85th Ct, Tulsa, OK 74137-1700 | OK | 2008-07 | $676,883 |
| 17 | Limbacher Family Foundation | 4354 S Victor Ave, Tulsa, OK 74105-4229 | OK | 2013-01 | $675,382 |
| 18 | The Mike And Susan Burkhart Foundation Inc | 5387 S Sheridan Rd, Tulsa, OK 74145-7521 | OK | 2006-04 | $645,996 |
| 19 | Binkley Family Foundation | 4000 One Williams Ctr, Tulsa, OK 74172-0148 | OK | 2014-08 | $625,000 |
| 20 | The@stephen E And Shelley S Jackson Family Foundation, Jackson Stephen E Ttee | 6655 S Lewis Ave Ste 222, Tulsa, OK 74136-1031 | OK | 2004-09 | $542,565 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 20,448 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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