Flagler Foundation in Richmond, 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
- Other organizations in Virginia
| Flagler Foundation | |
| Employer Identification Number (EIN) | 546051282 |
| Name of Organization | Flagler Foundation |
| In Care of Name | Nancy G Cochran Cpa |
| Address | PO BOX 14624, Richmond, VA 23221-0624 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 01/1965 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $10,000,000 to $49,999,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $16,678,781 |
| Amount of Income | $10,171,282 |
| Form 990 Revenue Amount | $977,392 |
Non-representatives - add comments:
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 | $977,392 | $977,392 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $501 | |||
| Dividends and interest from securities | $428,885 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $11,667 | |||
| Other | $536,339 | |||
| Total expenses and disbursements | $984,703 | $52,779 | $0 | $919,819 |
| Compensation of officers, directors, trustees, etc. | $12,500 | |||
| Total operating and administrative expenses | $92,203 | $52,779 | $27,319 | |
| Contributions, gifts, grants paid | $892,500 | |||
| Excess of revenue over expenses and disbursements | $-7,311 | |||
| Net investment income | $924,613 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $16,678,781 | $17,190,996 |
| Cash - non-interest-bearing | $21,920 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $15,510,465 | |
| Other | $1,146,396 | |
| Total liabilities | $772,596 | |
| Mortgages and other notes payable | $0 | |
| Other | $772,596 | |
| Total liabilities and net assets/fund balances | $15,906,185 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $536,339 |
| 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 | $9,246 |
| Total credits and payments | $9,924 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $9,924 |
| 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 | $678 |
| Amount to be credited to 2012 estimated tax | $678 |
| 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 | $17,520,993 |
| Net value of noncharitable-use assets | $17,258,180 |
| Minimum investment return | $862,909 |
| Distributable Amount (for 2011) | |
| Distributable amount | $853,663 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $853,663 |
| 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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| Other organizations in Virginia | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Fishing Bay Yacht Club Inc | 8809 Watlington Rd, Richmond, VA 23229-7138 | VA | 1951-05 | $617,584 |
| 2 | Fishnet Ministries Inc | PO BOX 1919, Front Royal, VA 22630-0040 | VA | 1976-06 | $29,212 |
| 3 | Fitness Association Of Pto, Fapto Fitness Center | 501 Dulany St Ste 1b45, Alexandria, VA 22314-5789 | VA | 1998-03 | $942,829 |
| 4 | Fitzgerald Foundation Inc | 15901 Rosemont Farm Pl, Waterford, VA 20197-1000 | VA | 1998-04 | $32 |
| 5 | Fitzgerald Griffin Foundation | 713 Park St Se, Vienna, VA 22180-5812 | VA | 2004-11 | $25,704 |
| 6 | Five County Fair Association Inc | PO BOX 877, Farmville, VA 23901-0877 | VA | 1937-09 | $41,222 |
| 7 | Five Points Partnership Inc | 2500 Church St, Norfolk, VA 23504-1610 | VA | 2000-10 | $690,701 |
| 8 | Five Talents U S A | 3541 Chain Bridge Rd Ste 106, Fairfax, VA 22030-2793 | VA | 1999-10 | $919,555 |
| 9 | Fivefold Path Inc | 278 N White Oak Dr, Madison, VA 22727 | VA | 1976-04 | $12,012 |
| 10 | Flag Inc | PO BOX 115, Manakin Sabot, VA 23103-0115 | VA | 1986-12 | $67,328 |
| 11 | Flagler Foundation | PO BOX 14624, Richmond, VA 23221-0624 | VA | 1965-01 | $10,171,282 |
| 12 | Flagler Home | 8000 Brook Rd, Richmond, VA 23227-1306 | VA | 1995-01 | $1,028,643 |
| 13 | Flanary Historical Site Inc | 425 Quillen Terrace, Nickelsville, VA 24271 | VA | 2005-04 | $0 |
| 14 | Fleet Reserve Association Peninsula Branch Number 172 | 400 Old York Hampton Hwy, Grafton, VA 23692-4819 | VA | 1975-10 | $143,986 |
| 15 | Fleet Reserve Association Virginia Beach Branch 166 | PO BOX 3067, Virginia Bch, VA 23454-9167 | VA | 1971-03 | $6,393 |
| 16 | Fleet Reserve Club | 125 N West Street, Alexandria, VA 22314 | VA | 1975-12 | $16,747 |
| 17 | Fleischner Soc Inc | 1891 Preston White Dr, Reston, VA 20191-4326 | VA | 1973-11 | $159,000 |
| 18 | Flicker Of Hope Foundation | 8624 Janet Ln, Vienna, VA 22180-6864 | VA | 2003-01 | $10,757 |
| 19 | Flint Hill Volunteer Fire Co Inc | PO BOX 150, Flint Hill, VA 22627-0150 | VA | 1957-07 | $137,748 |
| 20 | Float Fishermen Of Virginia Inc | Pobox 35555, North Chesterfield, VA 23235 | VA | 2012-11 | $15,121 |
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