Chapel Family Foundation in Mclean, Virginia (VA)
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
| Chapel Family Foundation | |
| Employer Identification Number (EIN) | 208075928 |
| Name of Organization | Chapel Family Foundation |
| In Care of Name | Argy Wiltse & Robinson Pc |
| Address | 8405 Greensboro Dr Ste 700, Mclean, VA 22102-5108 |
| Subsection | Charitable Organization |
| Ruling Date | 03/2008 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $2,753,598 |
| Amount of Income | $1,461,607 |
| Form 990 Revenue Amount | $785,787 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2011: $1,461,607 (it was $2,513,442 in 2010)
| Chapel Family Foundation: | $1,461,607 |
| Other organizations performing similar types of work: | $103,138 |
Assets in 2011: $2,753,598 (it was $2,259,023 in 2010)
| Chapel Family Foundation: | $2,753,598 |
| Other organizations performing similar types of work: | $338,623 |
Expenses in 2011: $291,212
| This organization: | $291,212 |
| Other organizations performing similar types of work: | $46,867 |
Income to expenses ratio in 2011: 5.0
| Chapel Family Foundation: | 5.0 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2011: 71.3%
| This organization: | 71.3% |
| Other organizations performing similar types of work: | 79.6% |
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 | $785,787 | $224,025 | $0 | |
| Contributions, gifts, grants, etc., received | $560,000 | |||
| Interest on savings and temporary cash investments | $2 | |||
| Dividends and interest from securities | $59,911 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $165,874 | |||
| Total expenses and disbursements | $291,212 | $6,972 | $0 | $276,488 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $26,212 | $6,972 | $11,488 | |
| Contributions, gifts, grants paid | $265,000 | |||
| Excess of revenue over expenses and disbursements | $494,575 | |||
| Net investment income | $217,053 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,753,598 | $2,775,594 |
| Cash - non-interest-bearing | $682,662 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $638,929 | |
| Investments-corporate bonds | $1,305,387 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $126,620 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $2,753,598 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $165,874 |
| 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 | $4,341 |
| Total credits and payments | $4,000 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $4,000 |
| 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 | $341 |
| Amount to be credited to 2012 estimated tax | $0 |
| 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 | $2,491,752 |
| Net value of noncharitable-use assets | $2,454,380 |
| Minimum investment return | $122,719 |
| Distributable Amount (for 2011) | |
| Distributable amount | $118,378 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $118,378 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| 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 | Quantitative Foundation | 0 Court Sq, Charlottesvle, VA 22902-5144 | VA | 2009-09 | $11,220,691 |
| 2 | Reinhart Foundation | 7501 Boulder View Dr, Richmond, VA 23225-4062 | VA | 2000-09 | $10,670,995 |
| 3 | Ruth And Hal Launders Charitable Tr | 459 Herndon Pkwy Box 546 Ste 14, Herndon, VA 20170-6222 | VA | 2009-02 | $7,610,650 |
| 4 | Bella Vista Foundation, Marcia & Marvin Gilliam Jr Fdn | 16104 Colleton Ct, Bristol, VA 24202-4861 | VA | 2010-06 | $6,804,276 |
| 5 | Windward Foundation | 999 Waterside Dr, Norfolk, VA 23510-3300 | VA | 2013-02 | $6,729,218 |
| 6 | Honey Foundation | 2001 Maywill St Ste 100, Richmond, VA 23230-3236 | VA | 2011-01 | $6,392,281 |
| 7 | Sauer-Lewis Foundation | 204 S Erlwood Ct, Richmond, VA 23229-7665 | VA | 2003-10 | $5,015,795 |
| 8 | The Farkas Family Foundation | 1720 Browns Gap Tpke, Charlottesvle, VA 22901-6312 | VA | 2001-01 | $4,494,763 |
| 9 | Agena Foundation | 111 Mann Dr, Chesapeake, VA 23322-5213 | VA | 2011-04 | $3,727,164 |
| 10 | Andrew Peter George Memorial Charitable Trust | 1048 Carper St, Mc Lean, VA 22101-2105 | VA | 2014-09 | $3,076,982 |
| 11 | William And Karin Banks Foundation Inc | 2205 Big Lonely Ln, Monterey, VA 24465-2218 | VA | 2003-05 | $2,797,460 |
| 12 | Gottwald Foundation | PO BOX 955, Goochland, VA 23063-0955 | VA | 2013-02 | $2,218,885 |
| 13 | Little Family Foundation | 2325 Dulles Corner Blvd Ste 670, Herndon, VA 20171-4683 | VA | 2012-04 | $2,005,223 |
| 14 | Willowcroft Foundation | 38906 Mount Gilead Rd, Leesburg, VA 20175-6721 | VA | 2009-12 | $1,973,297 |
| 15 | Keenan Family Foundation | 1750 Tysons Blvd Fl 12, Mclean, VA 22102-4232 | VA | 2012-06 | $1,936,364 |
| 16 | Mcmunn Family Foundation | 40936 Spectacular Bid Pl, Leesburg, VA 20176-7198 | VA | 2010-03 | $1,928,867 |
| 17 | T Sherwin Cook Foundation | 203 Archway Ct Ste B, Lynchburg, VA 24502-3605 | VA | 2000-07 | $1,517,074 |
| 18 | Thorney Point Foundation | 6677 Richmond Hwy, Alexandria, VA 22306-6647 | VA | 2003-02 | $1,364,529 |
| 19 | Sirad Foundation | 21570 Schoolhouse Ct, Broadlands, VA 20148-5018 | VA | 1999-12 | $1,230,236 |
| 20 | William A Cooke Foundation | PO BOX 462, Louisa, VA 23093-0462 | VA | 2001-04 | $1,215,250 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 20,448 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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