Wtc Foundation in Nashville, 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
Wtc Foundation | |
Employer Identification Number (EIN) | 020779716 |
Name of Organization | Wtc Foundation |
In Care of Name | Kimberly W Coakley |
Address | 425 Jackson Blvd, Nashville, TN 37205-3425 |
Subsection | Charitable Organization |
Ruling Date | 10/2006 |
Deductibility | Contributions are deductible |
Foundation | Private non-operating foundation |
Organization | Trust |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2013 |
Assets | $1 to $9,999 |
Income | $100,000 to $499,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $3,789 |
Amount of Income | $227,928 |
Form 990 Revenue Amount | $204,777 |
National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Corporate Foundations |
Non-representatives - add comments:
Amount of income in 2013: $227,928 (it was $176,878 in 2012)
This organization: | $227,928 |
Other organizations performing similar types of work: | $107,502 |
Assets in 2013: $3,789 (it was $-3,545 in 2012)
Wtc Foundation: | $3,789 |
Other organizations performing similar types of work: | $322,766 |
Expenses in 2012: $269,257
This organization: | $269,257 |
Other organizations performing similar types of work: | $58,249 |
Income to expenses ratio in 2012: 0.8
This organization: | 0.8 |
Other organizations performing similar types of work: | 2.0 |
Grants share in income in 2012: 99.9%
This organization: | 99.9% |
Other organizations performing similar types of work: | 98.7% |
Revenue for 2012
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 | $176,878 | $102 | $0 | |
Contributions, gifts, grants, etc., received | $176,776 | |||
Interest on savings and temporary cash investments | $102 | |||
Dividends and interest from securities | $0 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $0 | |||
Total expenses and disbursements | $269,257 | $0 | $0 | $237,750 |
Compensation of officers, directors, trustees, etc. | $0 | |||
Total operating and administrative expenses | $31,507 | $0 | $0 | |
Contributions, gifts, grants paid | $237,750 | |||
Excess of revenue over expenses and disbursements | $-92,379 | |||
Net investment income | $102 | |||
Adjusted net income | $0 |
Balance Sheets (for 2012) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $-3,545 | $-3,545 |
Cash - non-interest-bearing | $0 | |
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 | $1,862 | |
Mortgages and other notes payable | $0 | |
Other | $1,862 | |
Total liabilities and net assets/fund balances | $-5,407 |
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 |
Total credits and payments | $4 |
2012 estimated tax payments and 2011 overpayment credited to 2012 | $4 |
Exempt foreign organizations-tax withheld at source | $0 |
Tax paid with application for extension of time to file (Form 8868) | $0 |
Backup withholding erroneously withheld | $0 |
Any penalty for underpayment of estimated tax | $0 |
Tax due | $0 |
Overpayment | $3 |
Amount to be credited to 2013 estimated tax | $3 |
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 | $70,969 |
Net value of noncharitable-use assets | $69,900 |
Minimum investment return | $3,495 |
Distributable Amount (for 2012) | |
Distributable amount | $3,494 |
Undistributed Income (for 2012) | |
Distributable amount for 2012 | $3,494 |
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 | Tennessee Health Foundation Inc | 1 Cameron Hill Circle, Chattanooga, TN 37402-9815 | TN | 2003-12 | $28,237,369 |
2 | Regal Foundation | 7132 Regal Ln, Knoxville, TN 37918-5803 | TN | 2005-03 | $5,809,097 |
3 | The Emmy Lou Tompkins Foundation | 2020 Willowmet Ln, Brentwood, TN 37027-8949 | TN | 1999-02 | $1,223,863 |
4 | Vitalogy Foundation | PO BOX 340020, Nashville, TN 37203-0020 | TN | 2006-11 | $1,102,736 |
5 | Footwear Industry Charitable Trust | 2900 Lebanon Pike Ste 210, Nashville, TN 37214-2555 | TN | 2008-02 | $1,041,364 |
6 | Pedigree Foundation | 315 Cool Springs Blvd, Franklin, TN 37067-1632 | TN | 2007-10 | $962,871 |
7 | Joey And Deborah Jacobs Family Foundation, Joey A Jacobs Ttee | PO BOX 1869, Brentwood, TN 37024-1869 | TN | 2010-12 | $675,139 |
8 | Blum Family Foundation | 909 Bowring Park, Nashville, TN 37215-2456 | TN | 2002-02 | $628,086 |
9 | Ramsey Family Foundation Trust | 1749 Mallory Lane, Brentwood, TN 37027-2931 | TN | 2012-03 | $513,359 |
10 | Schatz Family Foundation | 4412 Alcott Dr, Nashville, TN 37215-4028 | TN | 2012-03 | $332,441 |
11 | Gary Douglas Sasser & Colleen Gill Mcpherson Charitable Foundation Tr | PO BOX 3166, Cookeville, TN 38502-3166 | TN | 2012-09 | $315,850 |
12 | Wtc Foundation | 425 Jackson Blvd, Nashville, TN 37205-3425 | TN | 2006-10 | $227,928 |
13 | Victoria Owen Klein Family Foundation, Bryan Fred D Ttee | PO BOX 1728, Brentwood, TN 37024-1728 | TN | 2001-03 | $211,477 |
14 | Diversicare Disaster And Relief Foundation | 1621 Galleria Blvd, Brentwood, TN 37027-2926 | TN | 2015-03 | $884 |
15 | Perceptics Foundation | 9737 Cogdill Rd Ste 200n, Knoxville, TN 37932-3300 | TN | 2009-12 | $2 |
16 | Tomlinson Fam Charitable Foundation, Tomlinson Charles E Co Ttee | 103 Druid Hills Dr C/O Vanessa T, Dickson, TN 37055-3330 | TN | 1999-08 | $1 |
17 | Anytime Santa Fund | P O Box 310, Waynesboro, TN 38485 | TN | 2000-05 | $0 |
18 | Emory Valley Center Foundation | 715 Emory Valley Road, Oak Ridge, TN 37830 | TN | 1996-02 | $0 |
19 | Faith In Action | 2013 25th Avenue North, Nashville, TN 37208 | TN | 2010-04 | $0 |
20 | Society Of Leaders In Development (Solid) | C/O Haber Corp 1920 Adelicia St No 300, Nashville, TN 37212 | TN | 2000-02 | $0 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 3,013 |
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