Walton Foundation in Philadelphia, Pennsylvania (PA)
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
- Other organizations in Pennsylvania
| Walton Foundation | |
| Employer Identification Number (EIN) | 236256391 |
| Name of Organization | Walton Foundation |
| In Care of Name | J L Marziano |
| Address | 1650 Market St Fl 32, Philadelphia, PA 19103-7224 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 07/1978 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $503,889 |
| Amount of Income | $159,121 |
| Form 990 Revenue Amount | $23,538 |
Non-representatives - add comments:
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 | $30,100 | $30,100 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $19,310 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $10,790 | |||
| Total expenses and disbursements | $46,353 | $5,624 | $0 | $40,729 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $5,624 | $5,624 | $0 | |
| Contributions, gifts, grants paid | $40,729 | |||
| Excess of revenue over expenses and disbursements | $-16,253 | |||
| Net investment income | $24,476 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $469,417 | $875,528 |
| Cash - non-interest-bearing | $1,242 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $468,175 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $469,417 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $10,790 |
| 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 | $490 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $490 |
| 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 | $876,140 |
| Net value of noncharitable-use assets | $863,000 |
| Minimum investment return | $43,150 |
| Distributable Amount (for 2012) | |
| Distributable amount | $42,660 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $42,660 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $42,660 |
| 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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| Other organizations in Pennsylvania | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Wallingford Swim Club | Ro Box 490, Wallingford, PA 19086 | PA | 1957-07 | $403,586 |
| 2 | Walnutport Canal Association Inc | 417 S Lincoln Ave, Walnutport, PA 18088-1418 | PA | 1982-09 | $39,081 |
| 3 | Walnuttown Fire Company No 1 | 535 Park Rd, Fleetwood, PA 19522-8323 | PA | 2001-08 | $131,372 |
| 4 | Walter C Beckett 4 Irrev Tr 67305 Fbo C C Beckett | Pnc Bank Na 620 Liberty Avenue No, Pittsburgh, PA 15222 | PA | 2006-02 | $77,276 |
| 5 | Walter F Swanson T W B Marine Bank Trustee | C/O Pnc Bank 620 Liberty Avenue No, Pittsburgh, PA 15222 | PA | 2006-04 | $121,375 |
| 6 | Walter P Harris Foundation | 934 Charter Cir, Elkins Park, PA 19027-1614 | PA | 1986-05 | $1 |
| 7 | Walter T Bradley | C/O Pnc Bank 620 Liberty Ave No, Pittsburgh, PA 15222-2705 | PA | 2006-03 | $23,986 |
| 8 | Walter T Bradley 8 | 620 Liberty Avenue 10th Floor, Pittsburgh, PA 15222-2722 | PA | 2006-03 | $4,656 |
| 9 | Walter T Bradley No 7 Acct 65034, Provident Natl Bank Ttee | Pnc Bank Na 620 Liberty Avenue 10, Pittsburgh, PA 15222 | PA | 2006-03 | $14,256 |
| 10 | Walters Art Gallery Endowment Fd Mercantile Safe Dep & Tr Co Tr, Trust No 7375-0 | Pnc Bank 620 Liberty Avenue No, Pittsburgh, PA 15222 | PA | $14,552,226 | |
| 11 | Walton Foundation | 1650 Market St Fl 32, Philadelphia, PA 19103-7224 | PA | 1978-07 | $159,121 |
| 12 | War For Empire Inc | 11 Stanwix St Fl 17, Pittsburgh, PA 15222-1312 | PA | 2003-11 | $7,180 |
| 13 | Warehouse Employees Union Local 169 & Contr Empl Health Welfare Fund | 400 Franklin Ave Ste 135, Phoenixville, PA 19460-3164 | PA | 1978-09 | $6,103,691 |
| 14 | Warminster Soccer Club | PO BOX 2155, Warminster, PA 18974-0016 | PA | 1986-05 | $79,403 |
| 15 | Warminster Volunteer Ambulance Corps | 555 Evergreen Ave, Warminster, PA 18974-4613 | PA | 1983-04 | $1,577,445 |
| 16 | Warminster Youth Football And Chearleading, Warminster Pioneers | PO BOX 7, Warminster, PA 18974-0501 | PA | 2010-06 | $102,374 |
| 17 | Warner Theatre Preservation Trust | 809 French Street, Erie, PA 16501-1275 | PA | 1995-04 | $723 |
| 18 | Warren Coffeehouse Ministries | 1624 Pa Avenue East, Warren, PA 16365-3128 | PA | 2008-09 | $44,765 |
| 19 | Warren County Board Of Realtors Inc | Po Box 603, Warren, PA 16365 | PA | 2009-03 | $37,197 |
| 20 | Warren County Chamber Of Business And Industry Inc | 308 Market Street, Warren, PA 16365-2391 | PA | 2004-09 | $458,423 |
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