J&l Foundation in Sioux Falls, South Dakota (SD)
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
| J&l Foundation | |
| Employer Identification Number (EIN) | 020694762 |
| Name of Organization | J&l Foundation |
| In Care of Name | Adler Trust Company |
| Address | 401 E 8th St Ste 250a, Sioux Falls, SD 57103-7034 |
| Subsection | Charitable Organization |
| Ruling Date | 07/2003 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $4,128,417 |
| Amount of Income | $355,332 |
| Form 990 Revenue Amount | $66,420 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2013: $355,332 (it was $111,651 in 2012)
| This organization: | $355,332 |
| Other organizations performing similar types of work: | $103,138 |
Assets in 2013: $4,128,417 (it was $3,531,406 in 2012)
| J&l Foundation: | $4,128,417 |
| Other organizations performing similar types of work: | $338,623 |
Expenses in 2012: $180,550
| J&l Foundation: | $180,550 |
| Other organizations performing similar types of work: | $46,867 |
Income to expenses ratio in 2012: 2.0
| J&l Foundation: | 2.0 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 0.0%
| J&l Foundation: | 0.0% |
| 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 | $111,651 | $144,401 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $20 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $111,595 | |||
| Other | $36 | |||
| Total expenses and disbursements | $180,550 | $29,480 | $0 | $180,527 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $4,874 | $29,480 | $4,851 | |
| Contributions, gifts, grants paid | $175,676 | |||
| Excess of revenue over expenses and disbursements | $-68,935 | |||
| Net investment income | $114,921 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $3,531,406 | $3,531,406 |
| Cash - non-interest-bearing | $53,481 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $3,477,048 | |
| Other | $877 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $3,531,406 | |
| 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 | $1,149 |
| Total credits and payments | $2,300 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $900 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $1,400 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $1,151 |
| Amount to be credited to 2013 estimated tax | $1,151 |
| 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? | Yes |
| 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 | $3,529,282 |
| Net value of noncharitable-use assets | $3,476,340 |
| Minimum investment return | $173,817 |
| Distributable Amount (for 2012) | |
| Distributable amount | $172,668 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $172,668 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $161,541 |
| 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 | John T Vucurevich Foundation | 2800 Jackson Blvd Ste 410, Rapid City, SD 57702-3477 | SD | 2006-01 | $9,463,631 |
| 2 | Branches Foundation, Christianson Trudy A & Todd J Ttees | 401 E 8th St Ste 319, Souix Falls, SD 57103-7031 | SD | 2000-06 | $5,883,631 |
| 3 | Blythe Brenden-Mann Foundation | 401 E 8th St Ste 319, Sioux Falls, SD 57103-7031 | SD | 2006-02 | $4,753,402 |
| 4 | Raft Charitable Foundation, Youngren Faye & T R & G M Johnson | 401 E 8th St Ste 319, Sioux Falls, SD 57103-7031 | SD | 2000-06 | $4,439,200 |
| 5 | John D & Edna A Hofer Tr | PO BOX 1089, Mitchell, SD 57301-7089 | SD | 2008-10 | $4,275,478 |
| 6 | Eleanors Fund | 117 E Capitol Ave, Pierre, SD 57501-3105 | SD | 2010-02 | $2,809,429 |
| 7 | John F Grundhofer Charitable Foundation | PO BOX 425, Plankinton, SD 57368-0425 | SD | 2010-08 | $1,461,078 |
| 8 | Marion Bradley Via Memorial Foundation South Dakota | 601 S Minnesota Ave, Sioux Falls, SD 57104-4824 | SD | 2001-08 | $1,237,508 |
| 9 | Gwendolyn L Stearns Foundation Inc | 246 Founders Park Dr Ste 101, Rapid City, SD 57701-8092 | SD | 2000-11 | $1,099,439 |
| 10 | Clarkson Family Foundation | PO BOX 729, Belle Fourche, SD 57717-0729 | SD | 2001-04 | $905,848 |
| 11 | Engelsma Family Foundation | 401 E 8th St Ste 319, Sioux Falls, SD 57103-7031 | SD | 2003-08 | $883,482 |
| 12 | Wyman Fam Charitable Foundation, Elizabeth M Wilcox Et Al Co Ttee | 401 E 8th St Ste 319, Sioux Falls, SD 57103-7031 | SD | 2010-01 | $379,112 |
| 13 | The Mike Cindy And Kylie Huether Family Foundation | 2815 S Saint Charles Ln, Sioux Falls, SD 57103-4671 | SD | 2010-12 | $348,402 |
| 14 | Edwards Family Foundation | 39109 126th St, Aberdeen, SD 57401-8187 | SD | 2011-03 | $249,586 |
| 15 | Severson Family Foundation | 2097 Hyde Park S, Grenville, SD 57239-8317 | SD | 2005-09 | $177,620 |
| 16 | Seljeskog Family Foundation | PO BOX 8382, Rapid City, SD 57709-8382 | SD | 2005-02 | $4,242 |
| 17 | Servants Heart Foundation | 25354 Melanie Ln, Custer, SD 57730-8132 | SD | 2007-10 | $1,001 |
| 18 | Paul And Donna Christen Family Foundation | PO BOX 1387, Huron, SD 57350-1387 | SD | 2010-02 | $1 |
| 19 | Paul Eibner Moriarty Foundation | PO BOX 705, Brookings, SD 57006-0705 | SD | 2000-02 | $1 |
| 20 | George F And Nancy Ward Dunham Foundation | 3133 Heidiway Ln, Rapid City, SD 57702-5296 | SD | 2014-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 20,448 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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