Western Legacy Foundation in Norman, Oklahoma (OK)
Table of contents:
| Western Legacy Foundation | |
| Employer Identification Number (EIN) | 208112230 |
| Name of Organization | Western Legacy Foundation |
| In Care of Name | Tom A Hemry |
| Address | 1126 Rambling Oaks Dr, Norman, OK 73072-4134 |
| Subsection | Charitable Organization |
| Ruling Date | 01/2009 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 11/2013 |
| Assets | $100,000 to $499,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $324,330 |
| Amount of Income | $6,642 |
| Form 990 Revenue Amount | $6,642 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Public Foundations |
Non-representatives - add comments:
Amount of income in 2013: $6,642 (it was $27,392 in 2012)
| This organization: | $6,642 |
| Other organizations performing similar types of work: | $71,328 |
Assets in 2013: $324,330 (it was $342,321 in 2012)
| Western Legacy Foundation: | $324,330 |
| Other organizations performing similar types of work: | $50,799 |
Expenses in 2013: $22,935
| Western Legacy Foundation: | $22,935 |
| Other organizations performing similar types of work: | $47,311 |
Income to expenses ratio in 2013: 0.3
| This organization: | 0.3 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 63.2%
| This organization: | 63.2% |
| Other organizations performing similar types of work: | 7.7% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $-7,316 | $-27,392 | $6,642 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $4,200 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $-7,316 | $-27,392 | $2,442 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $12,550 | $25,320 | $22,935 |
| Total net assets | $395,033 | $342,321 | $324,330 |
| Excess/Deficit for the year | $-19,866 | $-52,712 | $-16,293 |
| Net assets or fund balances at beginning of year | $414,899 | $395,033 | $342,321 |
| Other changes in net assets or fund balances | $0 | $0 | $-1,698 |
| Net assets or fund balances at end of year | $342,321 | $324,330 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $395,033 | $342,321 | $324,330 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $395,033 | $342,321 | $324,330 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $-2,744 |
| Subtotal | $-2,744 |
| Gifts, grants, contributions, and membership fees received | $9,198 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $0 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $-11,942 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $8,410 |
| Public support | $-2,744 |
| Subtotal | $11,154 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $11,154 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Roswell Park Alliance Foundation | Elm And Carlton St, Buffalo, NY 14263-0001 | NY | 1996-08 | $28,110,672 |
| 2 | Science Foundation Arizona | 400 E Van Buren St Ste 220, Phoenix, AZ 85004-2223 | AZ | 2006-11 | $7,919,015 |
| 3 | St Andrews Charitable Foundation | 6633 Delmar Blvd, St Louis, MO 63130-4505 | MO | 2008-01 | $1,344,641 |
| 4 | Tma Support Corporation | 2427 M L K Jr Ave Se, Washington, DC 20020-5815 | DC | 2006-10 | $709,645 |
| 5 | Rotary Club Of Coralsprings-Parkland Foundation Inc | 11873 Nw 2nd Ct, Coral Springs, FL 33071-8017 | FL | 2007-03 | $57,467 |
| 6 | Saint Simeons Episcopal Home Foundation, Saint Simeons Foundation | 3701 N Martin Luther King Jr Blvd, Tulsa, OK 74106-6450 | OK | 2002-04 | $3,545,679 |
| 7 | Toby Keith Foundation Inc | 5722 Huettner Ct, Norman, OK 73069 | OK | 2006-03 | $1,731,957 |
| 8 | River Parks Foundation | 717 South Houston Ave Ste 510, Tulsa, OK 74127 | OK | 1991-10 | $1,506,366 |
| 9 | Gamma Kappa Of Kappa Sigma Foundation Inc | 15 Nw 44th St, Lawton, OK 73505-5901 | OK | 2001-08 | $838,324 |
| 10 | Oklahoma Afterschool Network Inc | 2932 Nw 122nd St Ste D, Oklahoma City, OK 73120-1955 | OK | 2014-08 | $331,654 |
| 11 | The Tommie Harris Foundation Inc | 2707 Lamond Hill, Edmond, OK 73034 | OK | 2007-03 | $320,919 |
| 12 | The Jawad Omair Yasin Foundation Inc | 5700 Normandy Ter, Oklahoma City, OK 73142-1817 | OK | 2002-07 | $307,645 |
| 13 | Kairos 10 International Fund | 7329 S Gary Ave, Tulsa, OK 74136 | OK | 2014-06 | $294,129 |
| 14 | Kevin Durant Family Foundation Inc | 531 Couch Drive, Oklahoma City, OK 73102 | OK | 2012-11 | $252,795 |
| 15 | Westview Foundation | PO BOX 714, Hollis, OK 73550-0713 | OK | 1994-12 | $248,893 |
| 16 | Yukon Community Support Foundation | PO BOX 850500, Yukon, OK 73085-0500 | OK | 2001-02 | $241,002 |
| 17 | Global Blood Fund | 1001 N Lincoln Blvd, Oklahoma City, OK 73104-3251 | OK | 2012-07 | $228,413 |
| 18 | Western Oklahoma Family Care Center | PO BOX 1727, Elk City, OK 73648-1727 | OK | 2008-05 | $156,859 |
| 19 | Sunrise Tulsa Rotary Foundation Inc | Po Box 701391, Tulsa, OK 74170-1391 | OK | 2001-04 | $121,101 |
| 20 | Junior Service League Of Shawnee | Po Box 3036, Shawnee, OK 74802-3036 | OK | 2013-09 | $63,355 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 13,855 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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