South Beach Foundation in Bainbridge Is, 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
| South Beach Foundation | |
| Employer Identification Number (EIN) | 916522312 |
| Name of Organization | South Beach Foundation |
| In Care of Name | Janet Mcfarlane |
| Address | 9340 Ne South Beach Dr, Bainbridge Is, WA 98110-2396 |
| Subsection | Charitable Organization |
| Ruling Date | 05/2001 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $25,000 to $99,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $25,001 |
| Amount of Income | $11,318 |
| Form 990 Revenue Amount | $28,588 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Corporate Foundations |
Non-representatives - add comments:
Amount of income in 2012: $11,318 (it was $111,755 in 2011)
| South Beach Foundation: | $11,318 |
| Other organizations performing similar types of work: | $107,502 |
Assets in 2012: $25,001 (it was $25,647 in 2011)
| This organization: | $25,001 |
| Other organizations performing similar types of work: | $322,766 |
Expenses in 2012: $3,449
| This organization: | $3,449 |
| Other organizations performing similar types of work: | $58,249 |
Income to expenses ratio in 2012: 3.3
| South Beach Foundation: | 3.3 |
| Other organizations performing similar types of work: | 2.0 |
Grants share in income in 2012: 0.0%
| South Beach Foundation: | 0.0% |
| Other organizations performing similar types of work: | 98.7% |
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 | $11,318 | $11,318 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $11,318 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $3,449 | $0 | $0 | $1,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $2,449 | $0 | $0 | |
| Contributions, gifts, grants paid | $1,000 | |||
| Excess of revenue over expenses and disbursements | $7,869 | |||
| Net investment income | $11,318 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $25,001 | $25,001 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $25,000 | |
| Other | $1 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $25,001 | |
| 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 | $226 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $226 |
| 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? | Yes |
| 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 | $25,028 |
| Net value of noncharitable-use assets | $24,660 |
| Minimum investment return | $1,233 |
| Distributable Amount (for 2012) | |
| Distributable amount | $1,007 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $1,007 |
| 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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