Barbara Owen Smith Family Foundation in Brentwood, Tennessee (TN)
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
| Barbara Owen Smith Family Foundation | |
| Employer Identification Number (EIN) | 621839695 |
| Name of Organization | Barbara Owen Smith Family Foundation |
| In Care of Name | Fred D Bryan |
| Address | PO BOX 1728, Brentwood, TN 37024-1728 |
| Subsection | Charitable Organization |
| Ruling Date | 03/2001 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $746,361 |
| Amount of Income | $211,835 |
| Form 990 Revenue Amount | $10,804 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2012: $211,835 (it was $10,804 in 2011)
| This organization: | $211,835 |
| Other organizations performing similar types of work: | $103,138 |
Assets in 2012: $746,361 (it was $738,040 in 2011)
| Barbara Owen Smith Family Foundation: | $746,361 |
| Other organizations performing similar types of work: | $338,623 |
Expenses in 2012: $40,450
| This organization: | $40,450 |
| Other organizations performing similar types of work: | $46,867 |
Income to expenses ratio in 2012: 5.2
| Barbara Owen Smith Family Foundation: | 5.2 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 0.0%
| Barbara Owen Smith Family 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 | $48,771 | $48,771 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $13 | |||
| Dividends and interest from securities | $13,214 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $35,544 | |||
| Total expenses and disbursements | $40,450 | $450 | $0 | $40,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $450 | $450 | $0 | |
| Contributions, gifts, grants paid | $40,000 | |||
| Excess of revenue over expenses and disbursements | $8,321 | |||
| Net investment income | $48,321 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $746,361 | $833,690 |
| Cash - non-interest-bearing | $8,988 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $737,373 | |
| 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 | $746,361 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $35,544 |
| 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 | $966 |
| Total credits and payments | $18,250 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $0 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $18,250 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $4 |
| Tax due | $0 |
| Overpayment | $17,280 |
| Amount to be credited to 2013 estimated tax | $1,000 |
| 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 | $828,176 |
| Net value of noncharitable-use assets | $815,760 |
| Minimum investment return | $40,788 |
| Distributable Amount (for 2012) | |
| Distributable amount | $39,822 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $39,822 |
| 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 | Pyramid Peak Foundation | 6410 Poplar Ave Ste 900, Memphis, TN 38119-4841 | TN | 2012-08 | $80,721,284 |
| 2 | Scarlett Family Foundation | 4117 Hillsboro Pike Ste 103255, Nashville, TN 37215-2728 | TN | 2006-03 | $32,892,190 |
| 3 | Robert E And Jenny D Kirkland Foundation | 624 E Reelfoot Ave, Union City, TN 38261-5739 | TN | 2004-08 | $19,658,246 |
| 4 | Footprint Foundation Inc | 517 E 5th St, Chattanooga, TN 37403-1826 | TN | 2011-09 | $5,767,832 |
| 5 | Pathfinder Foundation Inc | 201 W Main St Ste 205, Chattanooga, TN 37408-1137 | TN | 2011-09 | $5,634,560 |
| 6 | Helen And Jabie Hardin Charitable Tr | 4385 Poplar Ave, Memphis, TN 38117-3715 | TN | 2009-08 | $5,490,210 |
| 7 | The Masters Table Inc | 620 Shelby St, Bristol, TN 37620-2241 | TN | 2002-05 | $4,648,370 |
| 8 | Sixteen Foundation, Dorothy B Adams Ttee | 1502 Anatole Ct, Murfreesboro, TN 37130-1458 | TN | 2009-12 | $4,484,750 |
| 9 | Riverview Foundation Inc | 517 E 5th St, Chattanooga, TN 37403-1826 | TN | 2011-09 | $3,310,667 |
| 10 | Ebert-Leblanc Family Foundation Inc | 9020 Rocky Cannon Rd, Cordova, TN 38018-6934 | TN | 2012-09 | $3,237,858 |
| 11 | Msb Cockayne Fund Inc | 424 Church St Ste 2800, Nashville, TN 37219-2386 | TN | 2011-09 | $1,317,055 |
| 12 | The Mercy Foundation, Mercy Scott L Ttee | 9266 Wardley Park Ln, Brentwood, TN 37027-4465 | TN | 2000-04 | $1,261,632 |
| 13 | Pine Haven Foundation Tr, Kevin William Crumbo Ttee | 555 Great Circle Rd, Nashville, TN 37228-1345 | TN | 2015-04 | $1,242,786 |
| 14 | Elizabeth Caldwell Charitable Trust 880 3443 | 4385 Poplar Ave, Memphis, TN 38117-3715 | TN | 2014-08 | $1,039,691 |
| 15 | Sansom Family Foundation | 502 S Gay St Ste 300, Knoxville, TN 37902-3607 | TN | 2015-04 | $1,008,103 |
| 16 | Provision Charitas Inc | 2095 Lakeside Centre Way Ste 101, Knoxville, TN 37922-6647 | TN | 2012-05 | $680,097 |
| 17 | Sunlight Foundation | PO BOX 150123, Nashville, TN 37215-0123 | TN | 2000-12 | $677,669 |
| 18 | Provision Trust | 2095 Lakeside Centre Way, Knoxville, TN 37922-6634 | TN | 2010-11 | $660,112 |
| 19 | Stephen B Smith Charitable Founfation Inc | 7065 Moores Lane, Brentwood, TN 37027-7998 | TN | 2000-02 | $516,365 |
| 20 | The Rogers Foundation Inc | 1634 W 1st North St, Morristown, TN 37814-3709 | TN | 2009-04 | $466,989 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 20,448 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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