Margaret Thiele Petti Foundation in Portland, Oregon (OR)
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
| Margaret Thiele Petti Foundation | |
| Employer Identification Number (EIN) | 931161002 |
| Name of Organization | Margaret Thiele Petti Foundation |
| In Care of Name | Buckley Lechevallier Pc |
| Address | 7568 Sw 90th Pl, Portland, OR 97223-7094 |
| Activities | Other religious activities |
| Subsection | Charitable Organization |
| Ruling Date | 08/1995 |
| 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 | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,467,202 |
| Amount of Income | $599,848 |
| Form 990 Revenue Amount | $197,712 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2012: $599,848 (it was $197,712 in 2011)
| Margaret Thiele Petti Foundation: | $599,848 |
| Other organizations performing similar types of work: | $120,160 |
Assets in 2012: $1,467,202 (it was $1,552,427 in 2011)
| Margaret Thiele Petti Foundation: | $1,467,202 |
| Other organizations performing similar types of work: | $450,518 |
Expenses in 2012: $148,279
| This organization: | $148,279 |
| Other organizations performing similar types of work: | $61,287 |
Income to expenses ratio in 2012: 4.0
| This organization: | 4.0 |
| Other organizations performing similar types of work: | 7.3 |
Grants share in income in 2012: 0.0%
| Margaret Thiele Petti Foundation: | 0.0% |
| Other organizations performing similar types of work: | 8.9% |
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 | $63,054 | $63,054 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $44 | |||
| Dividends and interest from securities | $46,052 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $16,958 | |||
| Total expenses and disbursements | $148,279 | $7,237 | $0 | $56,500 |
| Compensation of officers, directors, trustees, etc. | $55,657 | |||
| Total operating and administrative expenses | $91,779 | $7,237 | $0 | |
| Contributions, gifts, grants paid | $56,500 | |||
| Excess of revenue over expenses and disbursements | $-85,225 | |||
| Net investment income | $55,817 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,467,202 | $1,653,128 |
| Cash - non-interest-bearing | $71,785 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,395,417 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $1,467,202 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $16,958 |
| 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 | $1,116 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $25 |
| Tax due | $1,141 |
| 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 | $1,658,458 |
| Net value of noncharitable-use assets | $1,633,580 |
| Minimum investment return | $81,679 |
| Distributable Amount (for 2012) | |
| Distributable amount | $80,563 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $80,563 |
| 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 | Leo Adler Community Fdn Tr 2429000-01 | PO BOX 3168, Portland, OR 97208-3168 | OR | 1995-04 | $8,410,205 |
| 2 | John J And Lois A Tennant Foundation | 937 Sw 14th Ave Ste 200, Portland, OR 97205-1745 | OR | 1998-09 | $7,996,015 |
| 3 | Campbell Foundation | 0841 Sw Gaines St Unit 2304, Portland, OR 97239-3105 | OR | 1995-05 | $7,834,682 |
| 4 | Schnitzer-Novack Foundation | PO BOX 10047, Portland, OR 97296-0047 | OR | 1997-07 | $6,489,132 |
| 5 | Sharkey Family Charitable Foundation | 1101 Siskiyou Blvd, Ashland, OR 97520-2238 | OR | 1995-02 | $3,634,364 |
| 6 | Richard And Mary Rosenberg Charitable Foundation | 2855 Sw Rutland Ter, Portland, OR 97205-5855 | OR | 1996-11 | $1,534,347 |
| 7 | Riverdale School Foundation | PO BOX 69015, Portland, OR 97239-0015 | OR | 1993-10 | $917,973 |
| 8 | Wintz Family Foundation | 10610 Sw Inverness Ct, Portland, OR 97219-6399 | OR | 1997-03 | $256,621 |
| 9 | Sisters Schools Foundation Inc | PO BOX 2155, Sisters, OR 97759-2155 | OR | 1997-01 | $218,813 |
| 10 | The@william A Schmidt And Carolyn B Schmidt Charitable Foundation, Schmidt William & Carolyn Ttees | 60670 Telluride Dr, Bend, OR 97702-8101 | OR | 1998-04 | $116,495 |
| 11 | Richard I Swenson Trust | PO BOX 1012, Salem, OR 97308-1012 | OR | 1998-08 | $113,507 |
| 12 | Wilson-Humphreys Foundation | 126 Loop Rd, Myrtle Creek, OR 97457-9442 | OR | 1998-05 | $5,033 |
| 13 | The Faass Foundation Inc | 25400 Sw Harmony Rd, Sheridan, OR 97378-9629 | OR | 1997-01 | $2,150 |
| 14 | Wolokahn Foundation | 3620 Sw 60th Pl, Portland, OR 97221-1277 | OR | 1998-05 | $808 |
| 15 | Wilson-Dean Family Foundation | 126 Loop Rd, Myrtle Creek, OR 97457-9442 | OR | 1998-05 | $540 |
| 16 | Quantum Charitable Trust, Williams Bruce L Ttee | C/O 11040 Sw Barbur Blvd, Portland, OR 97219 | OR | 1996-05 | $107 |
| 17 | St Laurent Family Foundation | PO BOX 1784, Medford, OR 97501-0140 | OR | 1995-08 | $30 |
| 18 | Republic Fidelity Foundation | 11040 Sw Barbur Blvd, Portland, OR 97219-8686 | OR | 1997-06 | $1 |
| 19 | A Gift Of Life Foundation Of Oregon Inc | PO BOX 888, Woodburn, OR 97071-0888 | OR | 1995-02 | $0 |
| 20 | Gold Beach Booster Club Inc | PO BOX 703, Gold Beach, OR 97444-0703 | OR | 1997-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 5,225 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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