Haddock Center in Ftworth, 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
- Organizations performing similar types of work
| Haddock Center | |
| Employer Identification Number (EIN) | 203309204 |
| Name of Organization | Haddock Center |
| In Care of Name | Gerald W Haddock |
| Address | 500 Main Street, Ftworth, TX 76102-3937 |
| Subsection | Educational Organization |
| Ruling Date | 09/2005 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $2,154,587 |
| Amount of Income | $884,681 |
| Form 990 Revenue Amount | $352,217 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Art Museums |
Non-representatives - add comments:
Amount of income in 2013: $884,681 (it was $1,710,914 in 2012)
| This organization: | $884,681 |
| Other organizations performing similar types of work: | $85,415 |
Assets in 2013: $2,154,587 (it was $1,507,615 in 2012)
| This organization: | $2,154,587 |
| Other organizations performing similar types of work: | $116,686 |
Expenses in 2012: $20,937
| Haddock Center: | $20,937 |
| Other organizations performing similar types of work: | $69,526 |
Income to expenses ratio in 2012: 42.3
| This organization: | 42.3 |
| Other organizations performing similar types of work: | 1.7 |
Grants share in income in 2012: 101.1%
| This organization: | 101.1% |
| Other organizations performing similar types of work: | 100.0% |
Revenue 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 | $1,023,461 | $1,411 | $1,411 | |
| Contributions, gifts, grants, etc., received | $1,035,070 | |||
| Interest on savings and temporary cash investments | $2 | |||
| Dividends and interest from securities | $1,409 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $20,937 | $0 | $19,383 | $14,055 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $20,937 | $0 | $14,055 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $1,002,524 | |||
| Net investment income | $1,411 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,507,615 | $1,568,150 |
| Cash - non-interest-bearing | $74,722 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $399,336 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $328,313 | |
| Other | $705,244 | |
| Total liabilities | $27 | |
| Mortgages and other notes payable | $0 | |
| Other | $27 | |
| Total liabilities and net assets/fund balances | $1,507,588 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-13,020 |
| 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 | $14 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $14 |
| 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? | Yes |
| 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? | Yes |
| 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 | $293,847 |
| Net value of noncharitable-use assets | $289,440 |
| Minimum investment return | $14,472 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| 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 | $1 | $0 | $0 | $0 | $1 |
| Qualifying distributions made directly for active conduct of exempt activities | $32,055 | $863 | $26,381 | $0 | $59,299 |
| Value of all assets | $1 | $0 | $0 | $0 | $1 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $9,648 | $6,419 | $5,681 | $6,103 | $27,851 |
| 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 | $2,217 | $2,586 | $273 | $5,076 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Shraman South Asian Museum And Learning Center Foundation | Two Lincoln Center, Dallas, TX 75240 | TX | 2012-11 | $21,378,476 |
| 2 | The Goss Michael Foundation | 1405 Turtle Creek Blvd, Dallas, TX 75207-3303 | TX | 2009-04 | $633,698 |
| 3 | Comanchero Canyons Museum | PO BOX 402, Quitaque, TX 79255-0402 | TX | 2013-11 | $70,031 |
| 4 | Sala Diaz Inc | PO BOX 831822, San Antonio, TX 78283-1822 | TX | 2006-06 | $22,681 |
| 5 | Fredericksburg Art Guild | 308 E Austin Street, Fredericksburg, TX 78624 | TX | 2007-03 | $11,562 |
| 6 | Lela Latch Lloyd Memorial Museum, Na | 116 West 7th Street 116 West 7th Street, Cisco, TX 76437 | TX | 2000-12 | $3,438 |
| 7 | Amca Association For Modern And Contemporary Art | P O Box 305100, Denton, TX 76203 | TX | 2008-12 | $0 |
| 8 | Anza Falco | 30303 West Legends Trail, Spring, TX 77386 | TX | 2009-12 | $0 |
| 9 | Applause Foundation | PO BOX 202251, San Antonio, TX 78220-9251 | TX | 2006-05 | $0 |
| 10 | Art Studios Inc | 1519 Jacksboro Hwy # 1521, Fort Worth, TX 76114-2310 | TX | 1996-07 | $0 |
| 11 | Cinco Road Area Art League | 925 S Mason Rd Pmb 360, Katy, TX 77450-3874 | TX | 1998-06 | $0 |
| 12 | Duke De Gramont Foundation | 3711 San Felipe 12 B, Houston, TX 77027 | TX | 2006-04 | $0 |
| 13 | F6 Gallery | 3209 Calender Rd, Arlington, TX 76017 | TX | 2009-09 | $0 |
| 14 | Granbury Doll House Inc | 421 East Bridge Street, Granbury, TX 76048 | TX | 2013-02 | $0 |
| 15 | Luminesce | 27 Breezy Point Pl, The Woodlands, TX 77381-3267 | TX | 2005-03 | $0 |
| 16 | Military Heritage Collection Of North Texas Inc | 20798 County Road 590, Nevada, TX 75173 | TX | 2014-03 | $0 |
| 17 | Peace Worldwide Organization | 1795 N Fry Rd Suite 120, Katy, TX 77449 | TX | 2012-10 | $0 |
| 18 | Planes Of History Inc | 6621 Brentwood Ln, The Colony, TX 75056 | TX | 2000-09 | $0 |
| 19 | Texas Polka Music Museum Inc | 625 N Main St, Schulenburg, TX 78956 | TX | 2006-12 | $0 |
| 20 | The Good Tern Foundation | 3823 Avenue P 1/2, Galveston, TX 77550 | TX | 2007-06 | $0 |
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