Twin County Community Foundation in Galax, Virginia (VA)
Table of contents:
| Twin County Community Foundation | |
| Employer Identification Number (EIN) | 541593923 |
| Name of Organization | Twin County Community Foundation |
| In Care of Name | William Davis |
| Address | PO BOX 1131, Galax, VA 24333-1131 |
| Activities | Fundraising, Discussion groups, forums, panels lectures, etc. |
| Subsection | Charitable Organization |
| Ruling Date | 09/1991 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 09/2013 |
| Assets | $100,000 to $499,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $447,256 |
| Amount of Income | $12,984 |
| Form 990 Revenue Amount | $12,984 |
| National Taxonomy of Exempt Entities (NTEE) | Health - General and Rehabilitative: Community Health Systems |
Non-representatives - add comments:
Amount of income in 2013: $12,984 (it was $48,138 in 2012)
| This organization: | $12,984 |
| Other organizations performing similar types of work: | $1,843,198 |
Assets in 2013: $447,256 (it was $433,078 in 2012)
| This organization: | $447,256 |
| Other organizations performing similar types of work: | $2,785,898 |
Expenses in 2013: $21,815
| Twin County Community Foundation: | $21,815 |
| Other organizations performing similar types of work: | $976,340 |
Income to expenses ratio in 2013: 0.6
| Twin County Community Foundation: | 0.6 |
| Other organizations performing similar types of work: | 3.2 |
Grants share in income in 2013: 31.3%
| This organization: | 31.3% |
| Other organizations performing similar types of work: | 86.3% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $120,999 | $48,138 | $12,984 |
| Contributions, gifts, grants, and similar amounts received | $111,527 | $43,918 | $4,066 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $4,220 | $8,918 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $13,946 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $-4,474 | $0 | $0 |
| Total expenses | $68,329 | $49,754 | $21,815 |
| Total net assets | $405,315 | $432,067 | $445,094 |
| Excess/Deficit for the year | $52,670 | $-1,616 | $-8,831 |
| Net assets or fund balances at beginning of year | $352,645 | $405,316 | $432,067 |
| Other changes in net assets or fund balances | $0 | $28,367 | $21,858 |
| Net assets or fund balances at end of year | $432,067 | $445,094 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $405,315 | $433,078 | $447,256 |
| Total liabilities | $0 | $1,011 | $2,162 |
| Net assets or fund balances | $405,315 | $432,067 | $445,094 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | Yes | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $357,527 |
| Subtotal | $357,527 |
| Gifts, grants, contributions, and membership fees received | $287,091 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $70,436 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $395,398 |
| Public support | $357,527 |
| Subtotal | $37,871 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $37,871 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | University Hospitals Geauga Medical Center | 11100 Euclid Ave, Cleveland, OH 44106-1716 | OH | 1989-02 | $84,760,000 |
| 2 | U T Physicians | 6431 Fannin Street Jjl 475, Houston, TX 77030-1501 | TX | 1997-03 | $82,127,003 |
| 3 | Torrance Memorial Medical Center Health Care Foundation | 3330 Lomita Blvd, Torrance, CA 90505-5002 | CA | 1981-02 | $44,276,076 |
| 4 | Saginaw Cooperative Hospitals Inc, Cmu Medical Education Partners | 1000 Houghton Ave, Saginaw, MI 48602-5303 | MI | 1970-03 | $26,782,121 |
| 5 | Suburban Hospital Foundation Inc | 8600 Old Georgetown Rd, Bethesda, MD 20814-1497 | MD | 1997-12 | $24,784,011 |
| 6 | Southeast Regional Primary Care Corporation | PO BOX 1048, Vidalia, GA 30475-1048 | GA | 1996-07 | $23,679,018 |
| 7 | St Vincent Jennings Hospital Inc | 301 Henry St, North Vernon, IN 47265-1030 | IN | 1946-03 | $21,809,413 |
| 8 | Sacred Heart Healthcare System | 421 Chew St, Allentown, PA 18102-3406 | PA | 1987-06 | $18,963,617 |
| 9 | Unihealth Foundation | 800 Wilshire Blvd Ste 1300, Los Angeles, CA 90017-2665 | CA | 1985-07 | $18,614,951 |
| 10 | Unity Health System Inc | 89 Genesee St, Rochester, NY 14611-3201 | NY | 1985-01 | $16,924,985 |
| 11 | Touchstone Innovare | 100 Cherry St Se, Grand Rapids, MI 49503-4526 | MI | 1989-06 | $10,552,351 |
| 12 | Imanco Inc | 8110 Gatehouse Rd Ste 400w, Falls Church, VA 22042-1254 | VA | 1993-12 | $8,305,844 |
| 13 | Bridgewater Healthcare Inc | 302 N 2nd St, Bridgewater, VA 22812-1712 | VA | 1983-07 | $2,290,531 |
| 14 | New River Valley Community Health Foundation | PO BOX 40032, Roanoke, VA 24022-0032 | VA | 1984-10 | $218,221 |
| 15 | Health Systems Agency Of Northern Virginia Inc | 7245 Arlington Blvd Ste 300, Falls Church, VA 22042-3217 | VA | 1976-07 | $39,000 |
| 16 | Northwestern Virginia Health Systems Agency Inc | 1939 Sleepy Hollow Rd, Roseland, VA 22967-2834 | VA | 1977-02 | $25,944 |
| 17 | Twin County Community Foundation | PO BOX 1131, Galax, VA 24333-1131 | VA | 1991-09 | $12,984 |
| 18 | Health Planning Agency Of Southwest Virginia Inc | 1019 Prospect Ave, Pulaski, VA 24301-3113 | VA | 1976-07 | $0 |
| 19 | Smyth County Community Hospital Foundation Inc | PO BOX 880, Marion, VA 24354-0880 | VA | 1996-03 | $0 |
| 20 | Tri-County Medical Corporation | PO BOX 133, Aylett, VA 23009-0133 | VA | 1979-11 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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