Grafa Family Foundation Inc in Midland, 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
- Other organizations in Texas
| Grafa Family Foundation Inc | |
| Employer Identification Number (EIN) | 752395218 |
| Name of Organization | Grafa Family Foundation Inc |
| In Care of Name | Carroll B Grafa Iii |
| Address | PO BOX 51270, Midland, TX 79710-1270 |
| Activities | Other cultural or historical activities |
| Subsection | Charitable Organization |
| Ruling Date | 12/1991 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $142,381 |
| Amount of Income | $31,501 |
| Form 990 Revenue Amount | $70,089 |
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 | $31,501 | $3,501 | $0 | |
| Contributions, gifts, grants, etc., received | $28,000 | |||
| Interest on savings and temporary cash investments | $1 | |||
| Dividends and interest from securities | $3,500 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $26,241 | $0 | $0 | $25,800 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $441 | $0 | $0 | |
| Contributions, gifts, grants paid | $25,800 | |||
| Excess of revenue over expenses and disbursements | $5,260 | |||
| Net investment income | $3,501 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $142,381 | $87,095 |
| Cash - non-interest-bearing | $5,621 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $136,760 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $142,381 | |
| 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 | $35 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $35 |
| 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 | $2,811 |
| Net value of noncharitable-use assets | $2,760 |
| Minimum investment return | $138 |
| Distributable Amount (for 2012) | |
| Distributable amount | $103 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $103 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $103 |
| 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 Texas | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Grace Vineyard Ministries Inc | 9563 Fm1600, Rockdale, TX 76567 | TX | 1997-03 | $20,794 |
| 2 | Grace-Aire Medical Foundation Inc | 5257 Greenbriar Dr, Corp Christi, TX 78413-2824 | TX | 1985-10 | $74,850 |
| 3 | Gracehill Community | 8535 Ferndale Rd Ste 4, Dallas, TX 75238-4425 | TX | 1964-08 | $603,757 |
| 4 | Gracewood Inc | 1301 N Mays St, Round Rock, TX 78664-2945 | TX | 2002-01 | $1,912,319 |
| 5 | Gracia Fe Y Poder | 1701 Grand Canyon Way, Allen, TX 75002-8395 | TX | 2009-02 | $32,226 |
| 6 | Grackle | 10203 Wallisville Road, Houston, TX 77013 | TX | 2003-11 | $36,130 |
| 7 | Grad Resources | 5501 Independence Pkwy Ste 100, Plano, TX 75023-5469 | TX | 2008-04 | $446,494 |
| 8 | Graduate Institute Of Applied Linguistics Inc | 7500 W Camp Wisdom Rd, Dallas, TX 75236-5629 | TX | 1999-02 | $1,575,283 |
| 9 | Grady Middle School Pto | 5215 San Felipe St, Houston, TX 77056-3605 | TX | 1992-12 | $59,836 |
| 10 | Grady Rasco Parent Teacher Organization, Grady Rasco Pto | 92 Lake Rd, Lake Jackson, TX 77566-3232 | TX | 1997-02 | $30,287 |
| 11 | Grafa Family Foundation Inc | PO BOX 51270, Midland, TX 79710-1270 | TX | 1991-12 | $31,501 |
| 12 | Graff Educational Foundation Inc | 8901 Governors Row, Dallas, TX 75247-3707 | TX | 2002-03 | $7,912 |
| 13 | Graham And Carolyn Holloway Foundation | PO BOX 989, Colleyville, TX 76034-0989 | TX | 1995-04 | $1,135,659 |
| 14 | Graham Area United Way Inc | PO BOX 333, Graham, TX 76450-0333 | TX | 1978-06 | $118,183 |
| 15 | Graham Athletic Booster Club | 434 Oak St, Graham, TX 76450-2522 | TX | 1988-08 | $135,607 |
| 16 | Graham Benevolent Foundation | PO BOX 1567, Graham, TX 76450-7567 | TX | 1941-08 | $186,695 |
| 17 | Graham Chamber Of Commerce | 608 Elm St, Graham, TX 76450-3047 | TX | 1972-12 | $194,698 |
| 18 | Graham Community Foundation | PO BOX 398, Graham, TX 76450-0398 | TX | 2004-12 | $1,046,399 |
| 19 | Graham Concert Association Inc | PO BOX 540, Graham, TX 76450-0540 | TX | 1973-12 | $93,366 |
| 20 | Graham Country Club Incorporated | PO BOX 1405, Graham, TX 76450-7405 | TX | 1965-02 | $1,436,471 |
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