Tobin Endowment Tr, Bugg J Bruce Jr Ttee in San Antonio, Texas (TX)

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Tobin Endowment Tr, Bugg J Bruce Jr Ttee
Employer Identification Number (EIN)746478848
Name of OrganizationTobin Endowment Tr
Secondary NameBugg J Bruce Jr Ttee
In Care of NameJ Bruce Bugg Jr
AddressPO BOX 90869, San Antonio, TX 78209-9092
SubsectionCharitable Organization
Ruling Date09/1999
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$50,000,000 to greater
Income$10,000,000 to $49,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$65,679,158
Amount of Income$48,802,146
Form 990 Revenue Amount$2,513,886
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Fund Raising and/or Fund Distribution


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Amount of income in 2013: $48,802,146 (it was $48,192,093 in 2012)
This organization: 

 $48,802,146
Other organizations performing similar types of work: 

 $346,091

Assets in 2013: $65,679,158 (it was $69,025,754 in 2012)
Tobin Endowment Tr, Bugg J Bruce Jr Ttee: 

 $65,679,158
Other organizations performing similar types of work: 

 $473,803

Expenses in 2013: $5,181,996
Tobin Endowment Tr, Bugg J Bruce Jr Ttee: 

 $5,181,996
Other organizations performing similar types of work: 

 $165,127

Income to expenses ratio in 2013: 9.4
Tobin Endowment Tr, Bugg J Bruce Jr Ttee: 

 9.4
Other organizations performing similar types of work: 

 1.3

Grants share in income in 2013: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 60.1%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$1,835,400$1,835,400$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$755,823
Gross rents$0
Gross sales price for all assets$47,879,589
Gross profit from sales of goods$0
Other income$166,734
Other$912,843
Total expenses and disbursements$5,181,996$563,101$0$1,956,568
Compensation of officers, directors, trustees, etc.$464,880
Pension plans, employee benefits$6,667
Legal fees$47,939
Accounting fees$86,468
Interest$0
Depreciation$7,030
Occupancy$0
Travel, conferences, and meetings$30,362
Printing and publications$0
Total operating and administrative expenses$1,157,479$563,101$561,902
Contributions, gifts, grants paid$4,024,517
Excess of revenue over expenses and disbursements$-3,346,596
Net investment income$1,272,299
Adjusted net income$0
Balance Sheets
201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$69,079,341$61,794,041$69,025,754$65,516,519$65,679,158$77,030,719
Cash - non-interest-bearing$302,149$101,664$82,453
Investments-U.S. and state government obligations$19,984,322$21,664,402$22,992,198
Investments-corporate stock$40,408,277$38,296,992$36,818,982
Investments-corporate bonds$0$0$0
Investments-mortgage loans$0$0$0
Investments-other$3,277,409$3,311,628$183,675
Other assets$1,559,692$1,584,246
Total liabilities$0$0$0
Total liabilities and net assets/fund balances$69,079,341$69,025,754$65,679,158
Capital Gains and Losses for Tax on Investment Income
201120122013
Capital gain net income$1,517,062$1,136,756$912,843
Net capital loss$0$0$0
Excise Tax Based on Investment Income
201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$20,830$31,395$25,446
Total credits and payments$41,881$71,051$59,656
Current year estimated tax payments and previous year's overpayment credited to current year$41,881$41,051$59,656
Exempt foreign organizations-tax withheld at source$0$0$0
Tax paid with application for extension of time to file (Form 8868)$0$30,000$0
Backup withholding erroneously withheld$0$0$0
Any penalty for underpayment of estimated tax$0$0$0
Tax due$0$0
Overpayment$39,656$34,210
Amount to be credited to next year's estimated tax$21,051$39,656$34,210
Statements Regarding Activities
201120122013
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?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?NoNoNo
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?YesYesYes
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
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)?YesYesNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$53,667,525$52,058,589$55,416,607
Net value of noncharitable-use assets$51,277,710$54,585,358
Minimum investment return$2,643,126$2,563,886$2,729,268
Distributable Amount
201120122013
Distributable amount$2,622,296$2,532,491$2,703,822
Undistributed Income
201120122013
Distributable amount for this year$2,622,296$2,532,491$2,703,822
Undistributed income for this year. This amount must be distributed in the next year$0$0$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
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
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$0
Dividends and interest from securities$755,823$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Tobin Endowment Tr, Bugg J Bruce Jr TteePO BOX 90869, San Antonio, TX 78209-9092TX1999-09$48,802,146
2United Performing Arts Fund Inc301 W Wisconsin Ave Ste 600, Milwaukee, WI 53203-2232WI1967-03$12,569,371
3United Arts Of Central Florida Inc2450 Maitland Center Pkwy Ste 201, Maitland, FL 32751-4140FL1967-09$6,400,093
4Virginia Foundation For The Humanities And Public Policy145 Ednam Dr, Charlottesvle, VA 22903-4629VA1989-01$4,936,095
5Scottsdale League For The Arts7309 E Evans Rd, Scottsdale, AZ 85260-3101AZ1981-08$1,095,604
6Walton Arts Center Foundation IncPO BOX 3547, Fayetteville, AR 72702-3547AR1988-08$659,475
7Houston Architecture Foundation315 Capitol St Ste 120, Houston, TX 77002-2827TX1988-04$481,773
8Veterans Fund Inc1390 Columbia Ave 210, Lancaster, PA 17603-4743PA1999-02$437,094
9Viennese Opera Ball575 Madison Avenue 10th Floor, New York, NY 10022-2511NY1994-09$373,860
10Moorpark Foundation For The ArtsPO BOX 157, Moorpark, CA 93020-0157CA2009-08$367,267
11Tennessee Fox Trot Carousel, National Bank Of Commerce4525 Harding Pike, Nashville, TN 37205-2119TN1997-04$351,596
12The James A Doolittle Foundation1888 Century Park E Ste 4th Fl, Los Angeles, CA 90067-1702CA1955-03$346,091
13William Inge Festival FoundationPO BOX 747, Independence, KS 67301-0747KS1993-03$283,643
14Art Alliance For Contemporary Glass11700 Preston Rd 660-327, Dallas, TX 75230-6112TX1989-06$276,137
15Rural America Arts Partnership412 W Broadway, Plainview, MN 55964-1237MN1999-02$138,604
16The Talons8601 Hageman Rd, Bakersfield, CA 93312-3957CA1994-12$66,901
17Utah Museums Association IncPO BOX 2077, Salt Lake Cty, UT 84110-2077UT1986-10$31,000
18Houston Arts FoundationPo Box 27484, Houston, TX 77227TX1966-04$11,310
19Royal Conservatory Of Music Foundation200 Delaware Ave Ste 900, Buffalo, NY 14202-2107NY1996-02$10,462
20Sanger School Foundation Inc8414 Old Mcgregor Rd Unit B, Waco, TX 76712-6496TX1999-02$1
Number of organizations performing similar types of work
Arkansas1
Arizona2
California20
Colorado2
Connecticut2
District of Columbia2
Delaware1
Florida6
Georgia1
Idaho1
Illinois3
Kansas2
Kentucky1
Louisiana1
Massachusetts4
Maryland1
Michigan2
Minnesota6
Missouri2
Mississippi1
Nebraska1
New Jersey3
Nevada1
New York10
Ohio6
Oklahoma3
Oregon1
Pennsylvania5
Rhode Island3
South Carolina1
Tennessee3
Texas5
Utah2
Virginia2
Washington2
Wisconsin2
Total111

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