Allen Institute For Artificial Intelligence in Seattle, Washington (WA)
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
Allen Institute For Artificial Intelligence | |
Employer Identification Number (EIN) | 275430153 |
Name of Organization | Allen Institute For Artificial Intelligence |
In Care of Name | Vulcan Inc |
Address | 505 5th Ave S Ste 900, Seattle, WA 98104-3821 |
Subsection | Charitable Organization, Educational Organization |
Ruling Date | 11/2012 |
Deductibility | Contributions are deductible |
Foundation | Private non-operating foundation |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2013 |
Assets | $25,000 to $99,999 |
Income | $25,000 to $99,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $49,813 |
Amount of Income | $50,000 |
Form 990 Revenue Amount | $1 |
National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Corporate Foundations |
Non-representatives - add comments:
Amount of income in 2013: $50,000 (it was $950,000 in 2012)
This organization: | $50,000 |
Other organizations performing similar types of work: | $107,502 |
Assets in 2013: $49,813 (it was $6,420 in 2012)
This organization: | $49,813 |
Other organizations performing similar types of work: | $322,766 |
Expenses in 2012: $953,658
Allen Institute For Artificial Intelligence: | $953,658 |
Other organizations performing similar types of work: | $58,249 |
Income to expenses ratio in 2012: 0.1
Allen Institute For Artificial Intelligence: | 0.1 |
Other organizations performing similar types of work: | 2.0 |
Grants share in income in 2012: 100.0%
Allen Institute For Artificial Intelligence: | 100.0% |
Other organizations performing similar types of work: | 98.7% |
Expenses 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 | $950,000 | $0 | $0 | |
Contributions, gifts, grants, etc., received | $950,000 | |||
Interest on savings and temporary cash investments | $0 | |||
Dividends and interest from securities | $0 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $0 | |||
Total expenses and disbursements | $953,658 | $0 | $0 | $953,658 |
Compensation of officers, directors, trustees, etc. | $0 | |||
Total operating and administrative expenses | $4,022 | $0 | $4,022 | |
Contributions, gifts, grants paid | $949,636 | |||
Excess of revenue over expenses and disbursements | $-3,658 | |||
Net investment income | $0 | |||
Adjusted net income | $0 |
Balance Sheets (for 2012) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $6,420 | $6,420 |
Cash - non-interest-bearing | $6,420 | |
Investments-U.S. and state government obligations | $0 | |
Investments-corporate stock | $0 | |
Investments-corporate bonds | $0 | |
Investments-mortgage loans | $0 | |
Investments-other | $0 | |
Total liabilities | $0 | |
Total liabilities and net assets/fund balances | $6,420 |
Capital Gains and Losses for Tax on Investment Income (for 2012) | |
Capital gain net income | $0 |
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 | $0 |
Total credits and payments | $0 |
Any penalty for underpayment of estimated tax | $0 |
Tax due | $0 |
Overpayment | $0 |
Amount to be credited to 2013 estimated tax | $0 |
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? | Yes |
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)? | Yes |
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 | $46,680 |
Net value of noncharitable-use assets | $45,980 |
Minimum investment return | $2,299 |
Distributable Amount (for 2012) | |
Distributable amount | $2,299 |
Undistributed Income (for 2012) | |
Distributable amount for 2012 | $2,299 |
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 Flour Bin Foundation | 3103 Washington St, Vancouver, WA 98660-2246 | WA | 2001-04 | $2,210,625 |
2 | Lily Pointe Family Foundation | PO BOX 40329, Bellevue, WA 98015-4329 | WA | 2011-08 | $1,691,641 |
3 | Richard And Francine Loeb Family Foundation | 1000 Second Avenue 34th Floor, Seattle, WA 98104-1022 | WA | 2003-11 | $1,013,958 |
4 | The Rogel Foundation | 991 Ludlow Bay Rd, Port Ludlow, WA 98365-8731 | WA | 2000-08 | $957,356 |
5 | The Peter Amstein Foundation | 1823 Terry Ave Apt 3701, Seattle, WA 98101-2421 | WA | 2001-12 | $948,754 |
6 | Washington Federal Foundation | 425 Pike St, Seattle, WA 98101-3902 | WA | 2008-05 | $751,240 |
7 | Rainier Pacific Foundation | PO BOX 11628, Tacoma, WA 98411-6628 | WA | 2004-03 | $749,203 |
8 | Sarah M Hughes Foundation | 511 Boren Ave N Ste 300, Seattle, WA 98109-5505 | WA | 2012-02 | $568,461 |
9 | Patterson Charitable Foundation | 1090 Mcdonald Rd, Lowden, WA 99360-9635 | WA | 2012-02 | $552,830 |
10 | John Ahlquist Irr Tr Fbo Episcopal Diocese Of Idaho | PO BOX 1796, Walla Walla, WA 99362-0353 | WA | 2012-02 | $398,238 |
11 | John Ahlquist Irr Tr Fbo Episcopal Diocese Of Spokane | PO BOX 1796, Walla Walla, WA 99362-0353 | WA | 2012-02 | $398,236 |
12 | The@nutter Family Foundation | 7211 Ne 43rd Ave, Vancouver, WA 98661-1376 | WA | 2008-03 | $346,673 |
13 | Roy And Leona Nelson Foundation | PO BOX 965, Spokane, WA 99210-0965 | WA | 2003-03 | $274,957 |
14 | S Balolia Family Foundation | PO BOX 2069, Bellingham, WA 98227-2069 | WA | 2008-09 | $250,127 |
15 | Yaley Family Foundation | 21121 50th Dr Se, Bothell, WA 98021-7981 | WA | 2000-12 | $247,189 |
16 | The Dolsen Foundation I | PO BOX 1726, Yakima, WA 98907-1726 | WA | 2001-03 | $177,536 |
17 | Seattle Seahawks Charitable Foundation | 505 5th Ave S Ste 900, Seattle, WA 98104-3821 | WA | 1995-08 | $168,135 |
18 | Dale And Leslie Chihuly Foundation | 1111 Nw 50th St, Seattle, WA 98107-5120 | WA | 2010-12 | $83,394 |
19 | Allen Institute For Artificial Intelligence | 505 5th Ave S Ste 900, Seattle, WA 98104-3821 | WA | 2012-11 | $50,000 |
20 | Great Pacific Seafoods Charitable Foundation | 650 S Orcas St Ste 100, Seattle, WA 98108-2654 | WA | 2011-10 | $25,000 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 3,013 |
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