Linda Pace Foundation in San Antonio, 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
| Linda Pace Foundation | |
| Employer Identification Number (EIN) | 043757853 |
| Name of Organization | Linda Pace Foundation |
| In Care of Name | Rick R Moore |
| Address | PO BOX 830607, San Antonio, TX 78283-0607 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 09/2004 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| 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 | $63,496,024 |
| Amount of Income | $13,611,990 |
| Form 990 Revenue Amount | $6,290,309 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Parks and Playgrounds |
Non-representatives - add comments:
Amount of income in 2013: $13,611,990 (it was $15,081,697 in 2012)
| Linda Pace Foundation: | $13,611,990 |
| Other organizations performing similar types of work: | $51,455 |
Assets in 2013: $63,496,024 (it was $62,912,428 in 2012)
| Linda Pace Foundation: | $63,496,024 |
| Other organizations performing similar types of work: | $65,000 |
Expenses in 2012: $2,390,377
| This organization: | $2,390,377 |
| Other organizations performing similar types of work: | $34,783 |
Income to expenses ratio in 2012: 5.7
| Linda Pace Foundation: | 5.7 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 76.6%
| Linda Pace Foundation: | 76.6% |
| Other organizations performing similar types of work: | 99.2% |
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 | $6,219,547 | $1,094,831 | $360,681 | |
| Contributions, gifts, grants, etc., received | $4,765,198 | |||
| Interest on savings and temporary cash investments | $507,672 | |||
| Dividends and interest from securities | $582,991 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $360,681 | |||
| Other | $3,005 | |||
| Total expenses and disbursements | $2,390,377 | $397,837 | $0 | $1,900,941 |
| Compensation of officers, directors, trustees, etc. | $291,115 | |||
| Total operating and administrative expenses | $1,493,377 | $397,837 | $1,003,941 | |
| Contributions, gifts, grants paid | $897,000 | |||
| Excess of revenue over expenses and disbursements | $3,829,170 | |||
| Net investment income | $696,994 | |||
| Adjusted net income | $360,681 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $62,912,428 | $86,426,661 |
| Cash - non-interest-bearing | $27,978 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $35,462,994 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $21,071,356 | |
| Other | $6,350,100 | |
| Total liabilities | $148,161 | |
| Mortgages and other notes payable | $0 | |
| Other | $148,161 | |
| Total liabilities and net assets/fund balances | $62,764,267 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $3,005 |
| 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 | $13,940 |
| Total credits and payments | $37,922 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $37,922 |
| 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 | $23,982 |
| Amount to be credited to 2013 estimated tax | $23,982 |
| 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? | No |
| 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 | $42,702,086 |
| Net value of noncharitable-use assets | $42,061,560 |
| Minimum investment return | $2,103,078 |
| 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 | $360,681 | $0 | $0 | $0 | $360,681 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| 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 | $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 | $-202,388 | $0 | $-202,388 |
| 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 | $-2,023,881 | $0 | $-202,388 |
| 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 | $-202,388 |
| Unrelated business taxable income before net operating loss deduction | $-202,388 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $-202,388 |
| Specific deduction | $1,000 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Shelby Farms Park Conservancy | 500 N Pine Lake Dr, Memphis, TN 38134-7970 | TN | 2008-07 | $6,073,587 |
| 2 | Woodall Rodgers Park Foundation | 1909 Woodall Rodgers Fwy, Dallas, TX 75201-2232 | TX | 2006-01 | $1,995,595 |
| 3 | Sports Outdoor And Recreation Soar Park | 5223 David Edward Dr, San Antonio, TX 78233-6941 | TX | 2008-01 | $7,128,558 |
| 4 | Deerfield Village Community Association Inc | 4045 Deerfield Village Dr, Houston, TX 77084-3204 | TX | 2010-02 | $702,074 |
| 5 | Parks For Greater Houston | 300 N Post Oak Ln, Houston, TX 77024-5904 | TX | 2012-08 | $608,500 |
| 6 | Texas Motorized Trail Coalition Inc, Texas Motorized Trail Coalition | 2519 Avenue H, Rosenberg, TX 77471-3601 | TX | 2008-04 | $430,278 |
| 7 | Hope Park Frisco | PO BOX 5085, Frisco, TX 75035-0202 | TX | 2011-05 | $329,050 |
| 8 | Pease Park Conservancy | PO BOX 50065, Austin, TX 78763-0065 | TX | 2013-08 | $193,344 |
| 9 | Brackenridge Park Conservancy | 354 Thorman Pl, San Antonio, TX 78209-6341 | TX | 2009-04 | $140,882 |
| 10 | Beckville Community Development Foundation | P O Box 336, Beckville, TX 75631 | TX | 2011-11 | $117,816 |
| 11 | White Rock Lake Conservancy Inc | PO BOX 140227, Dallas, TX 75214-0227 | TX | 2014-04 | $76,720 |
| 12 | Southside Fire Truck Park Fund | 6309 Edloe Street, Houston, TX 77005 | TX | 2011-09 | $73,838 |
| 13 | Temple Parks Foundation | PO BOX 1586, Temple, TX 76503-1586 | TX | 2001-11 | $66,937 |
| 14 | Richmond Bone & Joint Foundation | 1517 Thompson Rd, Richmond, TX 77469-4932 | TX | 2003-09 | $63,862 |
| 15 | Brays Oaks Redevelopment Authority | 10103 Fondren Suite 300, Houston, TX 77096 | TX | 2011-06 | $50,010 |
| 16 | Van & Deborah Chandler Foundation | 108 Hagen Ct, Georgetown, TX 78628-3001 | TX | 2002-07 | $33,394 |
| 17 | Friends Of Huntsville State Park | 219 N Loop 336e Unit 23101, Conroe, TX 77301-1560 | TX | 2014-07 | $25,061 |
| 18 | Cedar Creek Waterway Development Inc | 1850 Elmwood Dr, Abilene, TX 79605-4916 | TX | 2012-09 | $16,347 |
| 19 | Coppell Kid Country Playground Association | Po Box 1683, Coppell, TX 75019 | TX | 2011-10 | $12,173 |
| 20 | Friends Of Woodland Park Inc | PO BOX 71, Houston, TX 77001-0071 | TX | 2011-09 | $7,294 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,619 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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