Florence S Patton 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
| Florence S Patton Foundation | |
| Employer Identification Number (EIN) | 256063741 |
| Name of Organization | Florence S Patton Foundation |
| In Care of Name | Phillips E Patton |
| Address | PO BOX 35792, Richmond, VA 23235-0792 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 07/1963 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $336,126 |
| Amount of Income | $42,724 |
| Form 990 Revenue Amount | $30,361 |
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 | $30,361 | $30,361 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $2,847 | |||
| Dividends and interest from securities | $24,424 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $3,090 | |||
| Total expenses and disbursements | $38,901 | $1,444 | $0 | $37,443 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $2,901 | $1,444 | $1,443 | |
| Contributions, gifts, grants paid | $36,000 | |||
| Excess of revenue over expenses and disbursements | $-8,540 | |||
| Net investment income | $28,917 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $327,586 | $859,866 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $290,606 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $36,980 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $327,586 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $3,090 |
| 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 | $578 |
| Total credits and payments | $476 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $476 |
| 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 | $102 |
| 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 | $857,508 |
| Net value of noncharitable-use assets | $844,640 |
| Minimum investment return | $42,232 |
| Distributable Amount (for 2011) | |
| Distributable amount | $41,654 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $41,654 |
| 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 | Flanary Historical Site Inc | 425 Quillen Terrace, Nickelsville, VA 24271 | VA | 2005-04 | $0 |
| 2 | Fleet Reserve Association Peninsula Branch Number 172 | 400 Old York Hampton Hwy, Grafton, VA 23692-4819 | VA | 1975-10 | $143,986 |
| 3 | Fleet Reserve Association Virginia Beach Branch 166 | PO BOX 3067, Virginia Bch, VA 23454-9167 | VA | 1971-03 | $6,393 |
| 4 | Fleet Reserve Club | 125 N West Street, Alexandria, VA 22314 | VA | 1975-12 | $16,747 |
| 5 | Fleischner Soc Inc | 1891 Preston White Dr, Reston, VA 20191-4326 | VA | 1973-11 | $159,000 |
| 6 | Flicker Of Hope Foundation | 8624 Janet Ln, Vienna, VA 22180-6864 | VA | 2003-01 | $10,757 |
| 7 | Flint Hill Volunteer Fire Co Inc | PO BOX 150, Flint Hill, VA 22627-0150 | VA | 1957-07 | $137,748 |
| 8 | Float Fishermen Of Virginia Inc | Pobox 35555, North Chesterfield, VA 23235 | VA | 2012-11 | $15,121 |
| 9 | Florence And Leonard White Ladie & Irving Hudgins Charitable Tr, White J V Ttee | PO BOX 188, Gwynn, VA 23066-0188 | VA | 1991-02 | $110,743 |
| 10 | Florence L Page Visiting Nurse Association | 901 E Cary St, Richmond, VA 23219-4063 | VA | 1964-07 | $10,936 |
| 11 | Florence S Patton Foundation | PO BOX 35792, Richmond, VA 23235-0792 | VA | 1963-07 | $42,724 |
| 12 | Florida State University Seminole Club Of Greater Washington Dc | 107 S West Street Box 568, Alexandria, VA 22314 | VA | 2014-05 | $32,388 |
| 13 | Florida Tissue Services Inc, Lifenet Health Of Florida | 1864 Concert Dr, Virginia Bch, VA 23453-1903 | VA | 2001-04 | $1,726,687 |
| 14 | Flowerdew Hundred Foundation | 1617 Flowerdew Hundred Rd, Hopewell, VA 23860-8554 | VA | 1975-07 | $10,339 |
| 15 | Floyd Community Center For The Arts Inc, The Jacksonville Center | 220 Parkway Ln S Ste 1, Floyd, VA 24091-4171 | VA | 1996-04 | $390,699 |
| 16 | Floyd County Farm Bureau | 335 E Oxford St, Floyd, VA 24091-2114 | VA | 1965-11 | $88,490 |
| 17 | Floyd County Humane Society Inc | PO BOX 862, Floyd, VA 24091-0862 | VA | 2001-06 | $107,801 |
| 18 | Floyd County Library Building Fund Inc | PO BOX 567, Floyd, VA 24091-0567 | VA | 1983-10 | $15,599 |
| 19 | Floyd County Life Saving And First Aid Squad Incorporated | PO BOX 257, Floyd, VA 24091-0257 | VA | 1979-04 | $451,946 |
| 20 | Floyd County Mutual Fire Ins Co Inc | PO BOX 3, Floyd, VA 24091-0003 | VA | 1943-06 | $154,502 |
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