Rea Foundation, Reaf in Newport, 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
| Rea Foundation, Reaf | |
| Employer Identification Number (EIN) | 352379132 |
| Name of Organization | Rea Foundation |
| Secondary Name | Reaf |
| In Care of Name | Sherry Leighton-Herrman |
| Address | 1975 Nw Nye St, Newport, OR 97365-2108 |
| Subsection | Charitable Organization |
| Ruling Date | 07/2011 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $472 |
| Amount of Income | $1 |
| Form 990 Revenue Amount | $21,030 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2012: $1 (it was $21,030 in 2011)
| Rea Foundation, Reaf: | $1 |
| Other organizations performing similar types of work: | $72,190 |
Assets in 2012: $472 (it was $15,300 in 2011)
| This organization: | $472 |
| Other organizations performing similar types of work: | $42,723 |
Expenses in 2012: $14,828
| This organization: | $14,828 |
| Other organizations performing similar types of work: | $42,209 |
Income to expenses ratio in 2012: 0.0
| This organization: | 0.0 |
| Other organizations performing similar types of work: | 0.4 |
Grants share in income in 2012: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 4.7% |
Expenses 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 | $1 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $1 | |||
| Total expenses and disbursements | $14,828 | $0 | $0 | $14,223 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $605 | $0 | $0 | |
| Contributions, gifts, grants paid | $14,223 | |||
| Excess of revenue over expenses and disbursements | $-14,828 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $472 | $472 |
| Cash - non-interest-bearing | $472 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| 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 | $472 | |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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 | $3,750 |
| Net value of noncharitable-use assets | $3,700 |
| Minimum investment return | $185 |
| Distributable Amount (for 2012) | |
| Distributable amount | $185 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $185 |
| 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 | Rotary International, South Hill Rotary Club | PO BOX 922, South Hill, VA 23970-0922 | VA | 2008-06 | $70,044 |
| 2 | We Care Oregon | PO BOX 3061, Tualatin, OR 97062-3061 | OR | 2006-12 | $1,204,648 |
| 3 | Roths Benefit-Education Foundation | 4895 Indian School Rd Ne, Salem, OR 97305-1126 | OR | 2004-09 | $201,557 |
| 4 | Love India Mission Endeavor Inc | 7096 Se Yearling Ln, Portland, OR 97267-1983 | OR | 2007-03 | $140,092 |
| 5 | Gamerocity, Gamerosity | 1330 W Linn Rd, Eagle Point, OR 97524 | OR | 2013-06 | $82,853 |
| 6 | Sunriver Womens Club | PO BOX 3334, Sunriver, OR 97707-0334 | OR | 2009-11 | $34,138 |
| 7 | Southern Oregon Athletic Boosters Inc | P O Box 1332, Medford, OR 97501 | OR | 2002-07 | $27,522 |
| 8 | Lane Senior Support Coalition Corp | 859 Willamette St, Eugene, OR 97401-2910 | OR | 1996-07 | $18,855 |
| 9 | Ramig Family Foundation | PO BOX 6738, Portland, OR 97228-6738 | OR | 2008-05 | $8,000 |
| 10 | Thumbprint Foundation | 1182 Ne Hudspeth Ln, Prineville, OR 97754-1374 | OR | 2014-08 | $750 |
| 11 | Rea Foundation, Reaf | 1975 Nw Nye St, Newport, OR 97365-2108 | OR | 2011-07 | $1 |
| 12 | Act Of Love Foundation, Act Of Love Foundation Na | 14383 Nw Eagleridge Ln N/A, Portland, OR 97229 | OR | 2003-06 | $0 |
| 13 | Astoria Band Boosters | Po Box 852, Astoria, OR 97103 | OR | 2009-10 | $0 |
| 14 | Be The Bread | 18780 Nw Nelscott St, Portland, OR 97229 | OR | 2011-01 | $0 |
| 15 | Canby Charity Resources | PO BOX 611, Canby, OR 97013 | OR | 2014-08 | $0 |
| 16 | Echo Kiwanis Foundation | PO BOX 91, Echo, OR 97826-0091 | OR | 2014-08 | $0 |
| 17 | Familiy Mission International | 60737 River Bend Dr, Bend, OR 97702-7909 | OR | 2009-02 | $0 |
| 18 | For The Love Of Schools | 12155 Ne Airport Way, Portland, OR 97220 | OR | 2014-08 | $0 |
| 19 | Foundation Of Rotary Club Of Greater Medford | 3551 E Barnett Rd Ste 105, Medford, OR 97504-7037 | OR | 2011-09 | $0 |
| 20 | Friends Of Newport Parks And Recreation Inc | PO BOX 506, Newport, OR 97365-0035 | OR | 2015-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,544 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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