Freedom Mission Foundation in Oklahoma City, 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
Freedom Mission Foundation | |
Employer Identification Number (EIN) | 208063070 |
Name of Organization | Freedom Mission Foundation |
In Care of Name | Tom Hoover-President |
Address | 1845 W Reno Ave, Oklahoma City, OK 73106-3217 |
Subsection | Charitable Organization |
Ruling Date | 10/2007 |
Deductibility | Contributions are deductible |
Foundation | Private non-operating foundation |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2013 |
Assets | $100,000 to $499,999 |
Income | $10,000 to $24,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $168,906 |
Amount of Income | $20,744 |
Form 990 Revenue Amount | $5,234 |
National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2013: $20,744 (it was $19,730 in 2012)
This organization: | $20,744 |
Other organizations performing similar types of work: | $103,138 |
Assets in 2013: $168,906 (it was $159,109 in 2012)
Freedom Mission Foundation: | $168,906 |
Other organizations performing similar types of work: | $338,623 |
Expenses in 2012: $28,768
This organization: | $28,768 |
Other organizations performing similar types of work: | $46,867 |
Income to expenses ratio in 2012: 0.7
Freedom Mission Foundation: | 0.7 |
Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 80.4%
This organization: | 80.4% |
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 | $19,730 | $3,865 | $0 | |
Contributions, gifts, grants, etc., received | $15,865 | |||
Interest on savings and temporary cash investments | $0 | |||
Dividends and interest from securities | $1,907 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $1,958 | |||
Total expenses and disbursements | $28,768 | $0 | $0 | $27,944 |
Compensation of officers, directors, trustees, etc. | $0 | |||
Total operating and administrative expenses | $11,333 | $0 | $10,509 | |
Contributions, gifts, grants paid | $17,435 | |||
Excess of revenue over expenses and disbursements | $-9,038 | |||
Net investment income | $3,865 | |||
Adjusted net income | $0 |
Balance Sheets (for 2012) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $159,109 | $167,499 |
Cash - non-interest-bearing | $933 | |
Investments-U.S. and state government obligations | $0 | |
Investments-corporate stock | $0 | |
Investments-corporate bonds | $0 | |
Investments-mortgage loans | $0 | |
Investments-other | $158,176 | |
Total liabilities | $0 | |
Total liabilities and net assets/fund balances | $159,109 |
Capital Gains and Losses for Tax on Investment Income (for 2012) | |
Capital gain net income | $0 |
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 | $39 |
Total credits and payments | $0 |
Any penalty for underpayment of estimated tax | $0 |
Tax due | $39 |
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? | 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 | $170,857 |
Net value of noncharitable-use assets | $168,300 |
Minimum investment return | $8,415 |
Distributable Amount (for 2012) | |
Distributable amount | $8,376 |
Undistributed Income (for 2012) | |
Distributable amount for 2012 | $8,376 |
Undistributed income for 2012. This amount must be distributed in 2013 | $8,376 |
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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