Klaassen Family Private Foundation, Klaassen Paul J Ttee 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
| Klaassen Family Private Foundation, Klaassen Paul J Ttee | |
| Employer Identification Number (EIN) | 526860099 |
| Name of Organization | Klaassen Family Private Foundation |
| Secondary Name | Klaassen Paul J Ttee |
| Address | 7900 Westpark Dr Ste A040, Mclean, VA 22102-4255 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 06/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| 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) |
| Asset Amount | $3,197,962 |
| Amount of Income | $2,413,030 |
| Form 990 Revenue Amount | $59,639 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2013: $2,413,030 (it was $190,538 in 2012)
| This organization: | $2,413,030 |
| Other organizations performing similar types of work: | $120,021 |
Assets in 2013: $3,197,962 (it was $3,559,782 in 2012)
| This organization: | $3,197,962 |
| Other organizations performing similar types of work: | $470,342 |
Expenses in 2012: $110,500
| Klaassen Family Private Foundation, Klaassen Paul J Ttee: | $110,500 |
| Other organizations performing similar types of work: | $61,754 |
Income to expenses ratio in 2012: 21.8
| Klaassen Family Private Foundation, Klaassen Paul J Ttee: | 21.8 |
| Other organizations performing similar types of work: | 2.0 |
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $64,625 | $64,625 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $4 | |||
| Dividends and interest from securities | $53,931 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $10,690 | |||
| Total expenses and disbursements | $110,500 | $0 | $0 | $88,944 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $21,556 | $0 | $0 | |
| Contributions, gifts, grants paid | $88,944 | |||
| Excess of revenue over expenses and disbursements | $-45,875 | |||
| Net investment income | $64,625 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $3,559,782 | $2,519,582 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $3,556,065 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $3,717 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $3,559,782 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $10,690 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $1,293 |
| Total credits and payments | $1,500 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,500 |
| 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 | $12 |
| Tax due | $0 |
| Overpayment | $195 |
| Amount to be credited to 2013 estimated tax | $195 |
| Statements Regarding Activities (for 2012) | |
| 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 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| 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 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | 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 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $2,777,571 |
| Net value of noncharitable-use assets | $2,735,900 |
| Minimum investment return | $136,795 |
| Distributable Amount (for 2012) | |
| Distributable amount | $135,502 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $135,502 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | 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 | The Rosser Foundation A Pure Charitable Trust And Public Charit, Rosser Dois I Jr Ttee | 1901 N Armistead Ave, Hampton, VA 23666-4311 | VA | 1993-06 | $13,302,534 |
| 2 | Zeiders Fam Charitable Foundation Tr, Zeider Michael D Ttee | 1532 Duke Of Windsor Rd, Virginia Bch, VA 23454-2504 | VA | 1998-01 | $2,606,675 |
| 3 | The Anne Carter Robins And Walter R Robins Jr Foundation | PO BOX 397, Richmond, VA 23218-0397 | VA | 1995-03 | $2,544,593 |
| 4 | Praxis Foundation | 455 2nd St Se Ste 402, Charlottesvle, VA 22902-5793 | VA | 1997-05 | $1,572,069 |
| 5 | The Howard And Georgeanna Jones Fndtn For Reproductive Medicine | 601 Colley Ave, Norfolk, VA 23507-1627 | VA | 1987-12 | $1,285,723 |
| 6 | Rugaber Family Fund | PO BOX 938, Meadows Dan, VA 24120-0938 | VA | 1996-10 | $402,288 |
| 7 | The@amy Elizabeth Lauth Foundation Inc | 3333 Peters Creek Rd Nw, Roanoke, VA 24019-2719 | VA | 1997-11 | $191,038 |
| 8 | Trost Family Fundation Inc | 11 River Rd, Richmond, VA 23226-3310 | VA | 1997-11 | $162,976 |
| 9 | The Felucca Fund Fka The Elizabeth Ballantine And Paul Leavitt Fdn | 1113 Basil Rd, Mclean, VA 22101-1803 | VA | 1998-10 | $146,565 |
| 10 | William M Camp Foundation | PO BOX 557, Franklin, VA 23851-0557 | VA | 1997-06 | $135,504 |
| 11 | Rotary Club Of Harrisonburg Charitable Foundation | PO BOX 683, Harrisonburg, VA 22803-0683 | VA | 1993-05 | $102,618 |
| 12 | The Dmpe Foundation Inc | 5350 Shawnee Road, Alexandria, VA 22312-2318 | VA | 1996-11 | $85,748 |
| 13 | Village At Woods Edge Endowment Fund | 1401 N High St, Franklin, VA 23851-1244 | VA | 1996-09 | $45,363 |
| 14 | Richard & Mary Dwyer Charitable Foundation Tr, Dwyer Richard Ttee | 2322 Staley Rd, Reston, VA 20191-4619 | VA | 1996-11 | $35,446 |
| 15 | The Helen G Gifford Foundation | 5000 Corp Woods Dr Ste 200, Virginia Bch, VA 23462-4429 | VA | 1997-06 | $20,165 |
| 16 | The Chalfont Foundation Inc | PO BOX 3137, Mclean, VA 22103-3137 | VA | 1997-07 | $15,919 |
| 17 | The Forehand Foundation | 104 Cedar Rd, Chesapeake, VA 23322-5206 | VA | 1994-11 | $13,648 |
| 18 | William T Oxenham Foundation Inc | 3530 Skipjack Rd, Kinsale, VA 22488-2047 | VA | 1998-04 | $10,629 |
| 19 | Teresa And Kathleen Strickland Memorial Fund Inc | 3035 Holmes Run Rd, Falls Church, VA 22042-4305 | VA | 1998-01 | $3,018 |
| 20 | The Sycamore Foundation | PO BOX P7000, Lynchburg, VA 24505 | VA | 1995-12 | $1 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,744 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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