Walsh Family Foundation in Leawood, Kansas (KS)
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
| Walsh Family Foundation | |
| Employer Identification Number (EIN) | 061601510 |
| Name of Organization | Walsh Family Foundation |
| In Care of Name | Jp Morgan Chase |
| Address | 3400 College Blvd, Leawood, KS 66211-1917 |
| Subsection | Charitable Organization |
| Ruling Date | 08/2001 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,681,339 |
| Amount of Income | $38,332 |
| Form 990 Revenue Amount | $158,398 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2013: $38,332 (it was $474,014 in 2012)
| This organization: | $38,332 |
| Other organizations performing similar types of work: | $105,489 |
Assets in 2013: $1,681,339 (it was $1,555,760 in 2012)
| Walsh Family Foundation: | $1,681,339 |
| Other organizations performing similar types of work: | $325,460 |
Expenses in 2012: $97,400
| Walsh Family Foundation: | $97,400 |
| Other organizations performing similar types of work: | $49,058 |
Income to expenses ratio in 2012: 0.4
| Walsh Family Foundation: | 0.4 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 0.0%
| Walsh Family Foundation: | 0.0% |
| Other organizations performing similar types of work: | 22.8% |
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 | $63,200 | $63,197 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $44,910 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $18,290 | |||
| Total expenses and disbursements | $97,400 | $14,358 | $0 | $77,801 |
| Compensation of officers, directors, trustees, etc. | $15,709 | |||
| Total operating and administrative expenses | $22,820 | $14,358 | $3,221 | |
| Contributions, gifts, grants paid | $74,580 | |||
| Excess of revenue over expenses and disbursements | $-34,200 | |||
| Net investment income | $48,839 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,555,760 | $1,614,273 |
| Cash - non-interest-bearing | $16,684 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $648,898 | |
| Investments-corporate bonds | $616,464 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $234,124 | |
| Other | $39,590 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,555,760 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $18,290 |
| 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 | $977 |
| Total credits and payments | $2,920 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $2,920 |
| 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 | $0 |
| Tax due | $0 |
| Overpayment | $1,943 |
| Amount to be credited to 2013 estimated tax | $980 |
| 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 | $1,601,170 |
| Net value of noncharitable-use assets | $1,577,160 |
| Minimum investment return | $78,858 |
| Distributable Amount (for 2012) | |
| Distributable amount | $77,881 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $77,881 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $74,660 |
| 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 | Stowers Foundation, Wendy B Marvin Ttee | 6731 W 121st Ste 206, Leawood, KS 66209-2003 | KS | 2011-09 | $4,483,895 |
| 2 | John T Hocker Charitable Foundation | 14241 Robin Rd, Leavenworth, KS 66048-7281 | KS | 2013-09 | $2,349,407 |
| 3 | Mann Family Foundation | 3260 N Jabara Rd, Wichita, KS 67226-8935 | KS | 2010-03 | $1,738,946 |
| 4 | Lair Foundation | 2130 N Keeneland Cir, Wichita, KS 67206-4461 | KS | 2008-10 | $1,524,897 |
| 5 | Beren Sea Foundation | 2020 N Bramblewood St, Wichita, KS 67206-1094 | KS | 2014-01 | $1,490,886 |
| 6 | Kansas All-Star Scholars Fund Inc | 777 Kansas Star Drive, Mulvane, KS 67110 | KS | 2012-12 | $1,460,391 |
| 7 | William H Andreson Charitable Trust | 405 Main St, Stockton, KS 67669-1929 | KS | 2014-07 | $1,367,644 |
| 8 | The Keith And Margie Weber Foundation | 2001 Shawnee Mission Parkway, Shawnee Mission, KS 66205-2007 | KS | 1999-01 | $629,460 |
| 9 | Zack And Leilah Farha Charitable Foundation Inc | 1401 E Douglas Ave, Wichita, KS 67211-1607 | KS | 2003-10 | $439,817 |
| 10 | Sexton Family Foundation, Young W Sexton Ttee | 8645 College Blvd Ste 100, Overland Park, KS 66210-1801 | KS | 2011-03 | $405,612 |
| 11 | White Family Supporting Foundation | 5801 W 115th St Ste 104, Shawnee Msn, KS 66211-1800 | KS | 2000-12 | $385,895 |
| 12 | Mona And Melvin Winger Family Foundation | 507 N Main, Johnson, KS 67855 | KS | 2012-11 | $334,448 |
| 13 | Tom W And Jeanne H Olofson Foundation | 501 Kansas Ave, Kansas City, KS 66105-1309 | KS | 2002-05 | $314,812 |
| 14 | Roger And Ruth Wolfe Charitable Tr | PO BOX 360, Hiawatha, KS 66434-0360 | KS | 2011-03 | $297,478 |
| 15 | Eagles Nest International Inc | 310 W Central Ste 211, Wichita, KS 67202 | KS | 2008-08 | $297,001 |
| 16 | Stanley J Bushman Supporting Foundation | 5801 W 115th St Ste 202, Overland Park, KS 66211-1800 | KS | 2008-06 | $259,707 |
| 17 | Treas Family Foundation | 106 Terrace Trl S, Lake Quivira, KS 66217-8511 | KS | 2009-01 | $251,756 |
| 18 | Roy And Myrtle Parsons Test Charitable Tr, Hall Opal Ttee | PO BOX 374, Hugoton, KS 67951-0374 | KS | 2002-06 | $237,407 |
| 19 | A Holmes Parker Foundation | 5901 College Blvd Ste 100, Overland Park, KS 66211-1834 | KS | 2009-03 | $186,469 |
| 20 | Will & Kristin Price Foundation | 26 S Hampton Rd, Eastborough, KS 67207-1008 | KS | 2012-06 | $153,323 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 22,395 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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