Valero Energy 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
- Other organizations in Texas
| Valero Energy Foundation | |
| Employer Identification Number (EIN) | 742904514 |
| Name of Organization | Valero Energy Foundation |
| In Care of Name | Corp Tax |
| Address | PO BOX 696000, San Antonio, TX 78269-6000 |
| Subsection | Charitable Organization |
| Ruling Date | 07/1999 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Organization terminating its private foundation status under section 507(b)(1)(B) of the Code |
| Tax Period | 09/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $50,000,000 to greater |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $22,942,418 |
| Amount of Income | $51,161,000 |
| Form 990 Revenue Amount | $26,027,335 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Fund Raising Organizations That Cross Categories |
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 | $14,793,721 | $585,811 | $0 | |
| Contributions, gifts, grants, etc., received | $14,205,541 | |||
| Interest on savings and temporary cash investments | $252,471 | |||
| Dividends and interest from securities | $333,340 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $23,406 | |||
| Total expenses and disbursements | $15,422,715 | $16,124 | $0 | $15,394,191 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $2,488,839 | $16,124 | $2,460,315 | |
| Contributions, gifts, grants paid | $12,933,876 | |||
| Excess of revenue over expenses and disbursements | $-628,994 | |||
| Net investment income | $569,687 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $32,246,877 | $34,230,951 |
| Cash - non-interest-bearing | $10,531,735 | |
| Investments-U.S. and state government obligations | $2,924,849 | |
| Investments-corporate stock | $3,701,234 | |
| Investments-corporate bonds | $5,496,834 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $9,528,070 | |
| Other | $64,155 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $32,246,877 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-21,037 |
| 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 | $11,394 |
| Total credits and payments | $11,815 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $11,815 |
| 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 | $421 |
| 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? | 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 | $36,465,250 |
| Net value of noncharitable-use assets | $35,918,280 |
| Minimum investment return | $1,795,914 |
| Distributable Amount (for 2012) | |
| Distributable amount | $1,807,926 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $1,807,926 |
| 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 | Uvalde Emergency Medical Services Inc | PO BOX 64, Uvalde, TX 78802-0064 | TX | 1990-05 | $1,792,876 |
| 2 | Uvalde Medical And Surgical Associates | 1025 Garner Field Rd, Uvalde, TX 78801-4809 | TX | 2009-12 | $0 |
| 3 | Uvalde Volunteer Fire Department | 123 S Getty St, Uvalde, TX 78801-5501 | TX | 1987-08 | $105,225 |
| 4 | Uvalde Youth Rodeo Club | 400 East Nopal Street, Uvalde, TX 78801 | TX | 1992-03 | $89,419 |
| 5 | V F Doc & Gertrude M Neuhaus Trust Supporting Entrepreneurship | PO BOX 5555, Mcallen, TX 78502-5555 | TX | 1988-10 | $408,737 |
| 6 | V Family | 15455 W Antone Cir, Houston, TX 77071-3203 | TX | 2009-11 | $67,464 |
| 7 | Val Verde County Emergency Shelter Incorporated | 2116 Veterans Blvd Ste 5, Del Rio, TX 78840 | TX | 1983-01 | $0 |
| 8 | Val Verde County Memorial Hospital Womans Auxiliary | PO BOX 421413, Del Rio, TX 78842-1413 | TX | 1970-08 | $58,275 |
| 9 | Val Verdes Care Center | 10142 Valley Breeze Dr, Houston, TX 77078-3722 | TX | 1994-10 | $237,366 |
| 10 | Vale-Asche Foundation | 2001 Kirby Dr Ste 1010, Houston, TX 77019-6081 | TX | 1959-06 | $1,580,741 |
| 11 | Valero Energy Foundation | PO BOX 696000, San Antonio, TX 78269-6000 | TX | 1999-07 | $51,161,000 |
| 12 | Valero Scholarship Trust | PO BOX 696000, San Antonio, TX 78269-6000 | TX | 1997-01 | $220,083 |
| 13 | Vallabh Vidya Mandir Inc | 11715-C Bellfort Village Dr, Houston, TX 77031-2629 | TX | 2005-10 | $23,094 |
| 14 | Vallabha Priti Seva Samaj Of Houston Inc | 11715 Bellfort Village Dr, Houston, TX 77031-2629 | TX | 1985-09 | $691,023 |
| 15 | Valley Aids Council | 2306 Camelot Plaza Cir, Harlingen, TX 78550-8407 | TX | 1989-01 | $6,814,438 |
| 16 | Valley Automobile Dealers Association | 711 N Carancahua, Corpus Christi, TX 78401-0599 | TX | 1993-02 | $110,944 |
| 17 | Valley Interfaith | PO BOX 1776, Weslaco, TX 78599-1776 | TX | 1985-10 | $168,963 |
| 18 | Valley International Community Development Corporation, Valley International Cdc | 174 N Sam Houston Blvd, San Benito, TX 78586-4673 | TX | 2006-08 | $45,292 |
| 19 | Valley Investment And Development Association Inc | PO BOX 4918, Mcallen, TX 78502-4918 | TX | 1978-10 | $63,323 |
| 20 | Valley Ranch Master Association Inc | 8830 N Macarthur Blvd, Irving, TX 75063-7592 | TX | 1997-04 | $2,586,490 |
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