Qurumbli Foundation in Fort Worth, 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
| Qurumbli Foundation | |
| Employer Identification Number (EIN) | 752404804 |
| Name of Organization | Qurumbli Foundation |
| In Care of Name | William P Hallman Jr |
| Address | 201 Main St Ste 3200, Fort Worth, TX 76102-3134 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 03/1992 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 11/2012 |
| Assets | $100,000 to $499,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $328,704 |
| Amount of Income | $198 |
| Form 990 Revenue Amount | $75,068 |
Non-representatives - add comments:
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 | $198 | $198 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $198 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $6,988 | $0 | $0 | $5,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,988 | $0 | $0 | |
| Contributions, gifts, grants paid | $5,000 | |||
| Excess of revenue over expenses and disbursements | $-6,790 | |||
| Net investment income | $198 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $328,704 | $328,704 |
| Cash - non-interest-bearing | $328,704 | |
| 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 | $0 | |
| Total liabilities and net assets/fund balances | $328,704 | |
| 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 | $4 |
| Total credits and payments | $2,000 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $0 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $2,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $1,996 |
| Amount to be credited to 2013 estimated tax | $1,996 |
| 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 | $332,099 |
| Net value of noncharitable-use assets | $327,120 |
| Minimum investment return | $16,356 |
| Distributable Amount (for 2012) | |
| Distributable amount | $16,352 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $16,352 |
| 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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| Other organizations in Texas | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Quinlan Volunteer Fire Department | PO BOX 2616, Quinlan, TX 75474-0044 | TX | 2008-06 | $103,624 |
| 2 | Quinlin Economic Development Corporation | PO BOX 2319, Quinlan, TX 75474-0039 | TX | 1998-06 | $339,694 |
| 3 | Quinlin Sports Association Inc | PO BOX 2289, Quinlan, TX 75474-0039 | TX | 1993-08 | $45,055 |
| 4 | Quinn Campus | 1020 Elm Street, Waco, TX 76704 | TX | 1998-01 | $0 |
| 5 | Quinta Terra Inc, Maria Alejandra Gonzalez | 748 S Sherman St Ste 102, Richardson, TX 75081-4055 | TX | 2007-04 | $75,625 |
| 6 | Quitman Christian Academy Inc | 301 E Lane St, Quitman, TX 75783-2342 | TX | 2007-09 | $0 |
| 7 | Quitman Christmas Sharing Inc | Po Box 1116, Quitman, TX 75783 | TX | 1997-01 | $0 |
| 8 | Quitman Heritage Foundation | PO BOX 767, Quitman, TX 75783-0767 | TX | 2006-10 | $68,219 |
| 9 | Quitman Youth Foundation | Po Box 484, Quitman, TX 75783 | TX | 1992-11 | $43,696 |
| 10 | Quoin Inc | 11101 N Stemmons Fwy, Dallas, TX 75229-4530 | TX | 2002-10 | $5,894,770 |
| 11 | Qurumbli Foundation | 201 Main St Ste 3200, Fort Worth, TX 76102-3134 | TX | 1992-03 | $198 |
| 12 | R & T Robertson Foundation | 600 Leopard Street, Corpus Christi, TX 78401-0499 | TX | 1982-05 | $31,190 |
| 13 | Rage Ministries Inc | 1108 Melody Ln, Roanoke, TX 76262 | TX | 2003-05 | $59,053 |
| 14 | R B Thieme Jr Bible Ministries | 5139 W Alabama St, Houston, TX 77056-5802 | TX | 1982-08 | $2,854,450 |
| 15 | R Bryan Nichols Charitable Trust | 118 S Houston Ave, Cameron, TX 76520-3932 | TX | 2001-07 | $102,160 |
| 16 | R C Blair & Paris Blair Charitable Trust | 306 Peninsula Ct, Granbury, TX 76048-2818 | TX | 1986-01 | $10,431 |
| 17 | R C Johnson Jr Foundation Inc | 12002 Trafalgar Ave Ste 300, Lubbock, TX 79424-7669 | TX | 2001-10 | $350,068 |
| 18 | R C Poe Foundation Inc | 6065 Montana No C-2, El Paso, TX 79925 | TX | 2006-06 | $6,475 |
| 19 | R D Bierne Trust Fund | PO BOX 831041, Dallas, TX 75283-1041 | TX | 1983-07 | $139,803 |
| 20 | R E A L Ministry Inc | 5633 S Staples St, Crp Christi, TX 78411-4646 | TX | 1997-01 | $4,367 |
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