Wade Smith Foundation in Missouri City, Texas (TX)
Table of contents:
| Wade Smith Foundation | |
| Employer Identification Number (EIN) | 454623424 |
| Name of Organization | Wade Smith Foundation |
| Address | 34 Bees Creek Rd, Missouri City, TX 77459-6736 |
| Subsection | Charitable Organization |
| Ruling Date | 06/2012 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $12,742 |
| Amount of Income | $85,286 |
| Form 990 Revenue Amount | $64,438 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2013: $85,286 (it was $104,543 in 2012)
| Wade Smith Foundation: | $85,286 |
| Other organizations performing similar types of work: | $105,489 |
Assets in 2013: $12,742 (it was $13,691 in 2012)
| Wade Smith Foundation: | $12,742 |
| Other organizations performing similar types of work: | $325,460 |
Expenses in 2013: $65,387
| Wade Smith Foundation: | $65,387 |
| Other organizations performing similar types of work: | $49,058 |
Income to expenses ratio in 2013: 1.3
| Wade Smith Foundation: | 1.3 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 112.6%
| Wade Smith Foundation: | 112.6% |
| Other organizations performing similar types of work: | 22.8% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $92,329 | $64,438 |
| Contributions, gifts, grants, and similar amounts received | $89,086 | $72,554 |
| Program service revenue including government fees and contracts | $0 | $0 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $2,962 | $-11,190 |
| Gross income from gaming | $0 | $0 |
| Gross income from fundraising events | $15,176 | $9,658 |
| Less: direct expenses from gaming and fundraising events | $12,214 | $20,848 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $281 | $3,074 |
| Total expenses | $78,638 | $65,387 |
| Total net assets | $13,691 | $12,742 |
| Excess/Deficit for the year | $13,691 | $-949 |
| Net assets or fund balances at beginning of year | $0 | $13,691 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $13,691 | $12,742 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $13,691 | $12,742 |
| Total liabilities | $0 | $0 |
| Net assets or fund balances | $13,691 | $12,742 |
| Other Information | ||
| 2012 | 2013 | |
|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No |
| Were any significant changes made to the organizing or governing documents? | No | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No |
| Has the organization filed a Form 990-T for the year? | No | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | No |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No |
| Total amount involved | $0 | $0 |
| Initiation fees and capital contributions | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $161,640 |
| Subtotal Support | $161,640 |
| Gifts, grants, contributions, and membership fees received | $161,640 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $161,640 |
| Public Support | $161,640 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $3,355 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Bhp Billiton Foundation | 1360 Post Oak Blvd, Houston, TX 77056-3030 | TX | 2014-10 | $100,000,000 |
| 2 | Heavenly Fathers Foundation, Dan H Wilks Ttee | 425 County Road 168, Cisco, TX 76437-6413 | TX | 2011-08 | $91,077,509 |
| 3 | Rees-Jones Foundation | 5956 Sherry Ln Ste 1600, Dallas, TX 75225-8027 | TX | 2006-08 | $70,930,133 |
| 4 | Lewis Humphreys Charitable Trust, 50-16-101-1279728 | PO BOX 831041, Dallas, TX 75283-1041 | TX | 2010-04 | $64,508,458 |
| 5 | Thirteen Foundation, Farris C Wilks Ttee | 17010 Interstate 20, Cisco, TX 76437-6471 | TX | 2011-09 | $50,426,363 |
| 6 | John R Eckel Jr Foundation | 5120 Woodway Dr Ste 6000, Houston, TX 77056-1791 | TX | 2010-12 | $48,875,562 |
| 7 | Scharbauer Foundation Inc | 300 N Marienfeld St Ste 850, Midland, TX 79701-4387 | TX | 2009-11 | $33,190,140 |
| 8 | Rainwater Charitable Foundation | 777 Main St Ste 2250, Fort Worth, TX 76102-5308 | TX | 2014-09 | $30,105,028 |
| 9 | Ewing Halsell Foundation | 711 Navarro St Ste 737, San Antonio, TX 78205-1864 | TX | 2011-02 | $27,208,503 |
| 10 | Texas A&m Equine Initiative Foundation | PO BOX 1308, Houston, TX 77251-1308 | TX | 2013-05 | $24,508,083 |
| 11 | Robert & Michelle Diener Foundation | 5521 Greenville Ave Ste 104-540, Dallas, TX 75206-2925 | TX | 2002-05 | $23,645,984 |
| 12 | Mitchell Family Foundation | PO BOX 1095, White Oak, TX 75693-1095 | TX | 2013-02 | $18,366,410 |
| 13 | Bosarge Family Foundation | 4203 Yoakum Blvd Ste 200, Houston, TX 77006-5455 | TX | 2012-04 | $18,128,784 |
| 14 | Rainwater Charitable Foundation | 777 Main St Ste 2250, Fort Worth, TX 76102-5308 | TX | 1991-05 | $16,102,968 |
| 15 | Robert L And Barbara Zorich Family Foundation | 1100 Louisiana St Ste 3150, Houston, TX 77002-5221 | TX | 2001-09 | $15,132,740 |
| 16 | The Usaa Foundation Inc | PO BOX 690286, San Antonio, TX 78269-0286 | TX | 2005-03 | $14,210,496 |
| 17 | Pevehouse Family Foundation Inc | 3300 N A St Bldg 1-201, Midland, TX 79705-5416 | TX | 2011-01 | $13,834,971 |
| 18 | Simon Bolivar Foundation Inc | 1293 Eldridge Pkwy, Houston, TX 77077-1670 | TX | 2007-01 | $13,389,493 |
| 19 | Timothy A And Marion Lindley Goudeau Charitable Family Foundati | 750 N Saint Paul St Ste 530, Dallas, TX 75201-3204 | TX | 2014-07 | $12,781,883 |
| 20 | Walter H Hightower Foundation | 333 N Oregon St 2nd Floor, El Paso, TX 79901-1317 | TX | 2009-08 | $11,831,845 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 22,395 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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