Lyell B And Patricia K Clay 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
- Other organizations in West Virginia
| Lyell B And Patricia K Clay Foundation Inc | |
| Employer Identification Number (EIN) | 550723844 |
| Name of Organization | Lyell B And Patricia K Clay Foundation Inc |
| Address | 1426 Kanawha Blvd E, Charleston, WV 25301-3002 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 08/1993 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 10/2011 |
| Assets | $100,000 to $499,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $401,196 |
| Amount of Income | $2,460 |
| Form 990 Revenue Amount | $2,460 |
Non-representatives - add comments:
Revenue for 2011
Expenses for 2011
Assets for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $2,460 | $2,460 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $2,061 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $399 | |||
| Total expenses and disbursements | $362,878 | $43,540 | $0 | $319,338 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $44,278 | $43,540 | $738 | |
| Contributions, gifts, grants paid | $318,600 | |||
| Excess of revenue over expenses and disbursements | $-360,418 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $401,196 | $392,696 |
| 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 | $8,500 | |
| Other | $392,696 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $401,196 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| 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 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| 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 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| 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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | 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 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $431,386 |
| Net value of noncharitable-use assets | $424,920 |
| Minimum investment return | $21,246 |
| Distributable Amount (for 2011) | |
| Distributable amount | $21,246 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $21,246 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | 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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| 1 | Mano De Ayuda Program For The Poor | P O Box 111, Fraziers Bottom, WV 25082 | WV | 2015-01 | $160,000 |
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| 5 | Lowell Ball Scholarship Charitable Trust | PO BOX 340, Philippi, WV 26416-0340 | WV | 1984-09 | $319 |
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| 8 | Lucy Frame Cemetary Fund | 1071 State Street, Gassaway, WV 26624 | WV | 1996-03 | $201 |
| 9 | Lucy S Quarrier Tr | PO BOX 1793, Charleston, WV 25326-1793 | WV | 1985-04 | $163,187 |
| 10 | Lumberport Vol Fire Dept | PO BOX 33, Lumberport, WV 26386-0033 | WV | 1938-01 | $117,561 |
| 11 | Lyell B And Patricia K Clay Foundation Inc | 1426 Kanawha Blvd E, Charleston, WV 25301-3002 | WV | 1993-08 | $2,460 |
| 12 | Lynch Foundation Inc | PO BOX 4268, Star City, WV 26504-4268 | WV | 1995-06 | $1,358,399 |
| 13 | Lynn Murray Memorial Library Association | 625 Railroad St, Chester, WV 26034-1353 | WV | 1974-12 | $84,085 |
| 14 | M W Prince Hall Grand Lodge Of West Virginia F & Am Inc | 2 Locust Ave, Wheeling, WV 26003-5814 | WV | 1980-11 | $81,842 |
| 15 | Madison Lodge 2130 Loyal Order Of Moose, Madison Lodge 2130 Loyal Order Of M | Madison Moose Lodge 2130 147 Bentl, Danville, WV 25053 | WV | 1935-08 | $269,155 |
| 16 | Madison Volunteer Fire Department Inc | 1 Firehouse Sq, Madison, WV 25130-1113 | WV | 2001-05 | $249,964 |
| 17 | Magic Valley Kennel Club Inc | 921 Highland Terrace, Saint Albans, WV 25177 | WV | 2009-12 | $0 |
| 18 | Magnolia Fair Inc | PO BOX 307, Matewan, WV 25678-0307 | WV | 1985-01 | $72,291 |
| 19 | Magnolia Improvements Inc | PO BOX 63, Matewan, WV 25678-0063 | WV | 1984-04 | $5,000 |
| 20 | Maier Foundation Inc | PO BOX 6190, Charleston, WV 25362-0190 | WV | 1959-12 | $12,294,195 |
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