Elliot Foundation Inc in Charleston, West Virginia (WV)
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
| Elliot Foundation Inc | |
| Employer Identification Number (EIN) | 262253829 |
| Name of Organization | Elliot Foundation Inc |
| In Care of Name | John R Elliot |
| Address | 240 Capitol St Ste 500, Charleston, WV 25301-2297 |
| Subsection | Charitable Organization |
| Ruling Date | 11/2009 |
| 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 | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $3,079,318 |
| Amount of Income | $963,484 |
| Form 990 Revenue Amount | $1,014,244 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2013: $963,484 (it was $2,208,124 in 2012)
| This organization: | $963,484 |
| Other organizations performing similar types of work: | $105,489 |
Assets in 2013: $3,079,318 (it was $2,764,343 in 2012)
| Elliot Foundation Inc: | $3,079,318 |
| Other organizations performing similar types of work: | $325,460 |
Expenses in 2012: $121,475
| This organization: | $121,475 |
| Other organizations performing similar types of work: | $49,058 |
Income to expenses ratio in 2012: 7.9
| This organization: | 7.9 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 97.4%
| Elliot Foundation Inc: | 97.4% |
| Other organizations performing similar types of work: | 22.8% |
Revenue for 2012
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 | $1,283,861 | $33,979 | $0 | |
| Contributions, gifts, grants, etc., received | $1,250,000 | |||
| Interest on savings and temporary cash investments | $71 | |||
| Dividends and interest from securities | $33,908 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $121,475 | $4,975 | $0 | $116,500 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $4,975 | $4,975 | $0 | |
| Contributions, gifts, grants paid | $116,500 | |||
| Excess of revenue over expenses and disbursements | $1,162,386 | |||
| Net investment income | $29,004 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,764,343 | $2,762,563 |
| 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 | $0 | |
| Other | $2,764,343 | |
| Total liabilities | $209 | |
| Mortgages and other notes payable | $0 | |
| Other | $209 | |
| Total liabilities and net assets/fund balances | $2,764,134 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-118 |
| 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 | $290 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $290 |
| 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? | 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 | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| 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 | $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 | Ross Foundation Inc | 200 Star Ave Ste 212, Parkersburg, WV 26101-5459 | WV | 2006-05 | $20,903,384 |
| 2 | Brickstreet Foundation Inc | 400 Quarrier St, Charleston, WV 25301-2010 | WV | 2012-08 | $3,448,239 |
| 3 | Sara E Blake Charitable Foundation | 1 Bank Plz, Wheeling, WV 26003-3543 | WV | 1999-03 | $2,893,756 |
| 4 | Your Community Foundation Inc | PO BOX 409, Morgantown, WV 26507-0409 | WV | 2011-12 | $2,291,166 |
| 5 | Skewes Family Foundation | PO BOX 1014, Bluefield, WV 24701-1014 | WV | 2006-02 | $1,544,203 |
| 6 | Seelinger Family Foundation | PO BOX 296, Summersville, WV 26651-0296 | WV | 1999-04 | $1,223,126 |
| 7 | Harry Whaley Charitable Trust | 514 Market St, Parkersburg, WV 26101-5144 | WV | 2011-07 | $1,135,032 |
| 8 | Mike Ross Family Foundation Inc | PO BOX 219, Coalton, WV 26257-0219 | WV | 2012-03 | $484,701 |
| 9 | Robert And Louise Claflin Foundation Inc | PO BOX 15, Pt Pleasant, WV 25550-0015 | WV | 2009-02 | $391,690 |
| 10 | Tom & Virginia Seely Foundation | 2218 Valley Rd, Berkeley Spgs, WV 25411-4602 | WV | 1999-03 | $356,159 |
| 11 | Charles A Lucas Foundation | 1579 Virginia St E, Charleston, WV 25311-2416 | WV | 2014-07 | $262,182 |
| 12 | Spartan Foundation | 166 60th St, Vienna, WV 26105-8002 | WV | 2006-06 | $253,106 |
| 13 | Segal-Davis Foundation Inc | 810 Kanawha Blvd E, Charleston, WV 25301-2807 | WV | 1999-03 | $222,330 |
| 14 | Mutschelknaus Family Foundation Inc | PO BOX 351, Salem, WV 26426-0351 | WV | 2012-02 | $200,000 |
| 15 | Barry A Withrow Foundation | 300 Capital St Ste 1301, Charleston, WV 25301-1748 | WV | 2010-06 | $176,757 |
| 16 | Gary G And Jo Ann White Family Charitable Foundation, Gary G White Ttee | 323 Central Ave, Logan, WV 25601-3010 | WV | 2013-05 | $145,328 |
| 17 | Right Hand Charitable Tr, Ward N Paige Ttee | 108 Hawksbury Trce, Beckley, WV 25801-2368 | WV | 2001-07 | $143,807 |
| 18 | Amfm Charitable Foundation Inc | 240 Capitol St Ste 500, Charleston, WV 25301 | WV | 2010-02 | $100,187 |
| 19 | John And Becky Wright Foundation Inc | PO BOX 192, Sistersville, WV 26175-0192 | WV | 2009-06 | $99,994 |
| 20 | Jam Family Foundation Inc | PO BOX 1559, Bluefield, WV 24701-1559 | WV | 2011-02 | $83,688 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 22,395 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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