Dian Graves Owen Foundation in Abilene, Texas (TX)
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
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Organizations performing similar types of work
| Dian Graves Owen Foundation | |
| Employer Identification Number (EIN) | 752682536 |
| Name of Organization | Dian Graves Owen Foundation |
| In Care of Name | Dian Graves Owen |
| Address | 400 Pine St Ste 1000, Abilene, TX 79601-5142 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 02/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $50,000,000 to greater |
| Income | $10,000,000 to $49,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $95,969,495 |
| Amount of Income | $26,223,928 |
| Form 990 Revenue Amount | $18,619,749 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2013: $26,223,928 (it was $35,782,554 in 2012)
| Dian Graves Owen Foundation: | $26,223,928 |
| Other organizations performing similar types of work: | $120,160 |
Assets in 2013: $95,969,495 (it was $92,949,061 in 2012)
| This organization: | $95,969,495 |
| Other organizations performing similar types of work: | $450,518 |
Expenses in 2012: $8,521,197
| This organization: | $8,521,197 |
| Other organizations performing similar types of work: | $61,287 |
Income to expenses ratio in 2012: 3.1
| Dian Graves Owen Foundation: | 3.1 |
| Other organizations performing similar types of work: | 7.3 |
Grants share in income in 2012: 12.2%
| This organization: | 12.2% |
| Other organizations performing similar types of work: | 8.9% |
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 | $23,914,405 | $19,392,341 | $0 | |
| Contributions, gifts, grants, etc., received | $2,906,815 | |||
| Interest on savings and temporary cash investments | $1,025,686 | |||
| Dividends and interest from securities | $3,065,795 | |||
| Gross rents | $-1,824 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $8,121,523 | |||
| Other | $8,796,410 | |||
| Total expenses and disbursements | $8,521,197 | $716,735 | $0 | $6,143,692 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $2,513,674 | $716,735 | $136,169 | |
| Contributions, gifts, grants paid | $6,007,523 | |||
| Excess of revenue over expenses and disbursements | $15,393,208 | |||
| Net investment income | $18,675,606 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $92,949,061 | $128,484,531 |
| Cash - non-interest-bearing | $466,343 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $43,627,406 | |
| Investments-corporate bonds | $2,819,501 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $29,457,552 | |
| Other | $16,578,259 | |
| Total liabilities | $2,490 | |
| Mortgages and other notes payable | $0 | |
| Other | $2,490 | |
| Total liabilities and net assets/fund balances | $92,946,571 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $8,796,410 |
| 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 | $186,756 |
| Total credits and payments | $465,214 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $345,214 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $120,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $278,458 |
| Amount to be credited to 2013 estimated tax | $125,000 |
| 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? | Yes |
| 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 | $114,667,507 |
| Net value of noncharitable-use assets | $112,947,500 |
| Minimum investment return | $5,647,375 |
| Distributable Amount (for 2012) | |
| Distributable amount | $5,454,657 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $5,454,657 |
| 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 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $1,101,496 | $0 | $1,101,496 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $1,101,496 | $13 | $1,101,496 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $0 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $0 |
| Unrelated business taxable income | $1,100,496 |
| Unrelated business taxable income before net operating loss deduction | $1,101,496 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $1,101,496 |
| Specific deduction | $1,000 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | W T And Louise J Moran Foundation | 3843 N Braeswood Blvd Ste 200, Houston, TX 77025-3046 | TX | 1997-08 | $15,178,858 |
| 2 | William E Armentrout Foundation | PO BOX 190407, Dallas, TX 75219-0407 | TX | 1998-06 | $7,264,048 |
| 3 | The Stanzel Family Foundation Inc | PO BOX 6, Schulenburg, TX 78956-0006 | TX | 1992-01 | $6,971,923 |
| 4 | Ware Foundation | PO BOX 1, Amarillo, TX 79105-0001 | TX | 1997-12 | $6,327,862 |
| 5 | Vance D Raimond & Mary Lee Raimond Foundation | PO BOX 1870, Harlingen, TX 78551-1870 | TX | 1998-01 | $5,443,786 |
| 6 | Susman Family Foundation | C/O Ellen Susman 2001 Kirby Drive, Houston, TX 77019 | TX | 1998-07 | $3,683,977 |
| 7 | Ruth And Ted Bauer Family Foundation | 4400 Post Oak Parkway, Houston, TX 77027-3421 | TX | 1997-08 | $2,803,510 |
| 8 | Whitener Family Foundation | 901 S 1st St, Abilene, TX 79602-1502 | TX | 1997-05 | $2,532,149 |
| 9 | Shelton Family Foundation | PO BOX 2791, Abilene, TX 79604-2791 | TX | 1996-08 | $2,040,033 |
| 10 | The Education Foundation Of Harris County | 6300 Irvington Blvd, Houston, TX 77022-5618 | TX | 1994-04 | $1,845,375 |
| 11 | The Don-Kay-Clay Cash Foundation, Cash Sondra Kay Ttee | 5201 18th Pl, Lubbock, TX 79416-5511 | TX | 1997-07 | $1,698,935 |
| 12 | West Johnson & Elizabeth J Lasselle Scholarship Trust | PO BOX 831041, Dallas, TX 75283-1041 | TX | 1996-08 | $1,527,565 |
| 13 | Ralph G Campbell And Jeroleen Johnson Campbell Foundation Inc | 6300 Ridglea Pl Ste 1114, Fort Worth, TX 76116-5737 | TX | 1995-05 | $1,296,853 |
| 14 | Wwjd Foundation | 12770 Merit Dr Ste 400, Dallas, TX 75251-1296 | TX | 1998-03 | $1,205,218 |
| 15 | San Antonio Foundation For Excellence In Education Inc | 141 Lavaca St, San Antonio, TX 78210-1039 | TX | 1998-01 | $1,077,793 |
| 16 | Samuel & Gertrude Harke Charitable Trust 30-30-423-0774700 11-01-93 | PO BOX 831041, Dallas, TX 75283-1041 | TX | 1996-10 | $911,581 |
| 17 | San Antonio Golf Association Inc, Golf San Antonio | 915 E Mulberry Ave, San Antonio, TX 78212-3153 | TX | 1991-03 | $835,742 |
| 18 | Tapestry Foundations Of Mary Carmel And Thomas P Borders | 610 Guadalupe St, Austin, TX 78701-2926 | TX | 1995-02 | $834,338 |
| 19 | Saza Commission Inc | 450 Ridge View Dr, San Antonio, TX 78253-5387 | TX | 1989-02 | $795,978 |
| 20 | The@anne Hendricks Bass Foundation | 1801 Deepdale Dr, Fort Worth, TX 76107-3517 | TX | 1997-10 | $682,015 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 5,225 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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