Richard W Hotes Foundation in Kirkland, 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
- Other organizations in Washington
| Richard W Hotes Foundation | |
| Employer Identification Number (EIN) | 010760054 |
| Name of Organization | Richard W Hotes Foundation |
| In Care of Name | Richard W Hotes |
| Address | 205 Lake St S Ste 300, Kirkland, WA 98033-6492 |
| Subsection | Charitable Organization |
| Ruling Date | 08/2004 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $20,956,701 |
| Amount of Income | $2,001,712 |
| Form 990 Revenue Amount | $10,013,816 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Human Services - Multipurpose and Other (Not Elsewhere Classified) |
Non-representatives - add comments:
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 | $10,005,661 | $5,661 | $5,661 | |
| Contributions, gifts, grants, etc., received | $10,000,000 | |||
| Interest on savings and temporary cash investments | $5,661 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $2,044,511 | $77 | $77 | $1,963,157 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,441,441 | $77 | $1,360,087 | |
| Contributions, gifts, grants paid | $603,070 | |||
| Excess of revenue over expenses and disbursements | $7,961,150 | |||
| Net investment income | $5,584 | |||
| Adjusted net income | $5,584 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $21,917,696 | $21,917,696 |
| Cash - non-interest-bearing | $1,104,439 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $20,813,257 | |
| Total liabilities | $132,929 | |
| Mortgages and other notes payable | $0 | |
| Other | $132,929 | |
| Total liabilities and net assets/fund balances | $21,784,767 | |
| 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 | $112 |
| Total credits and payments | $500 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $0 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $500 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $388 |
| Amount to be credited to 2013 estimated tax | $388 |
| 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? | Yes |
| 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)? | 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 | $13,065,600 |
| Net value of noncharitable-use assets | $12,869,620 |
| Minimum investment return | $643,481 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| 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 | $5,584 | $2,266 | $5,275 | $2,655 | $15,780 |
| Qualifying distributions made directly for active conduct of exempt activities | $1,989,894 | $5,277,151 | $5,691,490 | $979,530 | $13,938,065 |
| Value of all assets | $1 | $0 | $0 | $0 | $1 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $428,987 | $235,905 | $183,833 | $1,770 | $850,495 |
| 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 Washington | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Richard And Barrie Galanti Foundation | 1000 Second Avenue, Seattle, WA 98104-1094 | WA | 1997-05 | $578,057 |
| 2 | Richard And Francine Loeb Family Foundation | 1000 Second Avenue 34th Floor, Seattle, WA 98104-1022 | WA | 2003-11 | $1,013,958 |
| 3 | Richard And Lois Worthington Foundation | 15203 Gibralter Rd, Anacortes, WA 98221-8615 | WA | 1999-09 | $13,716,766 |
| 4 | Richard Bangs Collier Pleneurethics Society | 6501 S 19th St, Tacoma, WA 98466-6139 | WA | 1986-10 | $537,578 |
| 5 | Richard Bennett Parent Teacher Association | 17900 Ne 16th St, Bellevue, WA 98008-3242 | WA | 1994-04 | $145,191 |
| 6 | Richard E Fisch Memorial Scholarship Fund | 221 Lopez Ave, Port Angeles, WA 98362-6527 | WA | 1995-06 | $60 |
| 7 | Richard Gordon Jr Pta, 1-7-13 North Kitsap | 1917 65th Ave W, Tacoma, WA 98466-6225 | WA | 1996-01 | $42,092 |
| 8 | Richard Krantz Christian Faith Ministries | Po Box 1615, Marysville, WA 98270 | WA | 1982-05 | $0 |
| 9 | Richard P Haugland Foundation | 2103 Harrison Ave Nw Pmb 2602, Olympia, WA 98502-2636 | WA | 1997-08 | $174,048,475 |
| 10 | Richard W And Karen J Tschetter Foundation, Tschetter R & K J Tschetter Ttees | 650 Bellevue Way Ne Unit 3701, Bellevue, WA 98004-5061 | WA | 2001-05 | $79,703 |
| 11 | Richard W Hotes Foundation | 205 Lake St S Ste 300, Kirkland, WA 98033-6492 | WA | 2004-08 | $2,001,712 |
| 12 | Richards Institute Of Education Through Music | 3825 170th Pl Ne, Bellevue, WA 98008-6100 | WA | 1971-10 | $340,149 |
| 13 | Richland Babe Ruth Baseball Association | Po Box 1055, Richland, WA 99352 | WA | 1999-01 | $0 |
| 14 | Richland Bomber Boosters Inc | PO BOX 1651, Richland, WA 99352-6651 | WA | 2000-08 | $90,847 |
| 15 | Richland Cemetery Association Inc | 915 By Pass Hwy, Richland, WA 99352-3600 | WA | 1961-08 | $1,528,013 |
| 16 | Richland Dojo | 8706 W Maple Dr, Pasco, WA 99301 | WA | 2001-01 | $0 |
| 17 | Richland Education Association | 309 Bradley Blvd Ste 103, Richland, WA 99352-4381 | WA | 1971-04 | $180,386 |
| 18 | Richland High Ptsa Richland Council 12 5 50 | 1304 South Fawcett Ave Suite 300, Tacoma, WA 98402 | WA | 2001-02 | $0 |
| 19 | Richland Kiwanis Foundation | Po Box 1622, Richalnd, WA 99352 | WA | 1998-01 | $5,392 |
| 20 | Richland Labor Temple Association 1305 Knight St | 1305 Knight St, Richland, WA 99352-4103 | WA | 1957-08 | $62,024 |
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