S Rex & Joan T Lewis Foundation in Orem, Utah (UT)
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
- Organizations performing similar types of work
| S Rex & Joan T Lewis Foundation | |
| Employer Identification Number (EIN) | 841368580 |
| Name of Organization | S Rex & Joan T Lewis Foundation |
| Address | 517 S Orem Blvd, Orem, UT 84058-3104 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 01/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $1,146,538 |
| Amount of Income | $243,659 |
| Form 990 Revenue Amount | $129,226 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2010: $243,659 (it was $129,226 in 2011)
| S Rex & Joan T Lewis Foundation: | $243,659 |
| Other organizations performing similar types of work: | $120,160 |
Assets in 2010: $1,146,538 (it was $1,089,714 in 2011)
| This organization: | $1,146,538 |
| Other organizations performing similar types of work: | $450,518 |
Expenses in 2011: $84,970
| This organization: | $84,970 |
| Other organizations performing similar types of work: | $61,287 |
Income to expenses ratio in 2011: 2.9
| This organization: | 2.9 |
| Other organizations performing similar types of work: | 7.3 |
Grants share in income in 2011: 0.9%
| This organization: | 0.9% |
| Other organizations performing similar types of work: | 8.9% |
Revenue for 2011
Expenses for 2011
Assets for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $129,226 | $128,031 | $0 | |
| Contributions, gifts, grants, etc., received | $1,195 | |||
| Interest on savings and temporary cash investments | $172 | |||
| Dividends and interest from securities | $8,168 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $119,691 | |||
| Total expenses and disbursements | $84,970 | $11,820 | $0 | $73,150 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $11,820 | $11,820 | $0 | |
| Contributions, gifts, grants paid | $73,150 | |||
| Excess of revenue over expenses and disbursements | $44,256 | |||
| Net investment income | $116,211 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,089,714 | $809,904 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,040,476 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $49,238 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $1,089,714 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $119,691 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $1,162 |
| Total credits and payments | $1,216 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $1,216 |
| 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 |
| Overpayment | $54 |
| Amount to be credited to 2012 estimated tax | $54 |
| Statements Regarding Activities (for 2011) | |
| 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 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| 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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | 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 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $960,061 |
| Net value of noncharitable-use assets | $945,660 |
| Minimum investment return | $47,283 |
| Distributable Amount (for 2011) | |
| Distributable amount | $46,121 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $46,121 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $5,952 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | One Foundation | 4833 Edgewood Dr Ste 201, Provo, UT 84604-6171 | UT | 1998-09 | $14,697,627 |
| 2 | Skolnick Foundation | 1553 E Connecticut Dr, Salt Lake Cty, UT 84103-4204 | UT | 1997-02 | $2,621,342 |
| 3 | Msl Family Foundation Ltd | 2826 Pierce Ave, Ogden, UT 84403-0536 | UT | 1998-08 | $1,376,785 |
| 4 | Flamm Family Foundation Trust, Flamm Jeffrey C Ttee | PO BOX 712258, Salt Lake Cty, UT 84171-2258 | UT | 1998-10 | $862,552 |
| 5 | Thomas H And Carolyn L Fey Family Foundation | PO BOX 684020, Park City, UT 84068-4020 | UT | 1995-07 | $687,399 |
| 6 | Esse Quam Videri Foundation | 1223 W Chavez Dr, South Jordan, UT 84095-9260 | UT | 1998-07 | $511,217 |
| 7 | Anderson Family Foundation | PO BOX 17397, Salt Lake Cty, UT 84117-0397 | UT | 1983-05 | $387,927 |
| 8 | Jackson Howard Foundation | 3288 Brookside Dr, Provo, UT 84604-4448 | UT | 1997-02 | $276,740 |
| 9 | S Rex & Joan T Lewis Foundation | 517 S Orem Blvd, Orem, UT 84058-3104 | UT | 1997-01 | $243,659 |
| 10 | Sandra N Tillotson Foundation | 4833 Edgewood Dr Ste 201, Provo, UT 84604-6171 | UT | 1998-02 | $35,255 |
| 11 | The Alvin E Malstrom Foundation | 9325 S 700 E, Sandy, UT 84070-6202 | UT | 1997-01 | $13,084 |
| 12 | W David & Gay Etta Hemingway Fdtn | 1212 Canyon Oaks Way, Salt Lake Cty, UT 84103-2253 | UT | 1998-04 | $6,000 |
| 13 | Simon Soul-Sun Goe Foundation | 205 N Main St, Brigham City, UT 84302-2119 | UT | 1997-05 | $307 |
| 14 | Sfk Family Foundation | 2012 E Aspen View Ct, Sandy, UT 84092-5216 | UT | 1997-09 | $1 |
| 15 | Zion Foundation Charitable Irrv Tr | 699 E South Temple Ste 300, Salt Lake Cty, UT 84102-1186 | UT | 1997-05 | $1 |
| 16 | Lamar & Susan Bangerter | 180 West 1750 North, Centerville, UT 84014 | UT | 1997-09 | $0 |
| 17 | Mark & Peggy Steed Foundation, Steed Mark K Ttee | 465 South Bluff St Ste 239, St George, UT 84770-3554 | UT | 1998-08 | $0 |
| 18 | Mark R & Susan Lewis Famliy Foundation Ltd | 970 N East Capitol Blvd, Salt Lake City, UT 84103-2216 | UT | 1998-11 | $0 |
| 19 | Mine Relief Inc | 3364 Creek Rd, Salt Lake Cty, UT 84121-5841 | UT | 1997-06 | $0 |
| 20 | Roberts Family Foundation, Roberts Julie Ttee | 833 Coventry Ln, Alpine, UT 84004-1240 | UT | 1997-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 5,225 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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