Capstone Foundation in Tuscaloosa, Alabama (AL)

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Capstone Foundation
Employer Identification Number (EIN)237337238
Name of OrganizationCapstone Foundation
AddressPO BOX 870136, Tuscaloosa, AL 35487-0001
ActivitiesOther youth organization or activities, Other school related activities
SubsectionEducational Organization
Ruling Date11/1973
DeductibilityContributions are deductible
FoundationOrganization which operates for benefit of college or university and is owned or operated by a governmental unit
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2011
Assets$10,000,000 to $49,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$21,493,109
Amount of Income$4,303,843
Form 990 Revenue Amount$4,303,843
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Single Organization Support


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Amount of income in 2011: $4,303,843
Capstone Foundation: 

 $4,303,843
Other organizations performing similar types of work: 

 $75,018

Assets in 2011: $21,493,109
This organization: 

 $21,493,109
Other organizations performing similar types of work: 

 $35,071

Expenses in 2002: $4,532,498
Capstone Foundation: 

 $4,532,498
Other organizations performing similar types of work: 

 $272,162

Income to expenses ratio in 2002: 0.9
This organization: 

 0.9
Other organizations performing similar types of work: 

 1.2

Expenses allocated to program services in 2002: 93.2%
Capstone Foundation: 

 93.2%
Other organizations performing similar types of work: 

 91.6%

Number of employees in 2002: 8
This organization: 

 8
Other organizations performing similar types of work: 

 8

Grants share in income in 2002: 72.0%
This organization: 

 72.0%
Other organizations performing similar types of work: 

 16.6%

Financial snapshot ($)

Revenue for 2002

Assets at end of 2002

Expenses for 2002

Functional Expenses for 2002 ($)

Income-Producing Activities for 2002

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200020012002
Total revenue$4,136,809$4,198,937$4,083,990
Contributions, gifts, grants, and similar amounts received$3,164,036$3,211,560$2,938,595
Contributions to donor advised funds
Direct public support$3,164,036$3,211,560$2,938,595
Indirect public support$0$0$0
Government contributions (grants)$0$0$0
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Interest on savings and temporary cash investments$0$0$0
Dividends and interest from securities$194,717$252,276$117,650
Net rental income or (loss)$1,170$-1,048$-10,755
Gross rents$21,183$21,748$22,535
Less: rental expenses$20,013$22,796$33,290
Other investment income$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0
Gross amount from sales of assets other than inventory$0$0$0
Less: cost or other basis and sales expenses$0$0$0
Net income or (loss) from special events and activities$0$0$0
Gross revenue$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0
Less: cost of goods sold$0$0$0
Other revenue$776,886$736,149$1,038,500
Total expenses$4,373,656$3,354,912$4,532,498
Program services$4,052,778$3,070,775$4,224,144
Management and general$320,878$284,137$308,354
Fundraising$0$0$0
Payments to affiliates$0$0$0
Net assets or fund balances at end of year$8,908,966$7,067,528$8,548,589
Excess or (deficit) for the year$-236,847$844,025$-448,508
Net assets or fund balances at beginning of year$12,539,331$8,908,966$7,067,528
Other changes in net assets or fund balances$-3,393,518$-2,685,463$1,929,569
Statement of Functional Expenses (for 2002)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$4,532,498$4,224,144$308,354$0
Grants paid from donor advised funds
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$81,299$2,251$79,048$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$442,653$442,653$0$0
Telephone$31,335$31,335$0$0
Postage and shipping$67,717$67,717$0$0
Occupancy$352,991$352,991$0$0
Equipment rental and maintenance$61,120$61,120$0$0
Printing and publications$243,454$243,454$0$0
Travel$369,035$369,035$0$0
Conferences, conventions, and meetings$3,706$3,706$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$27,637$0$27,637$0
Other expenses not covered above$2,851,551$2,649,882$201,669$0
Balance Sheets
200020012002
Total assets$18,946,141$17,363,050$19,895,249
Cash - non-interest-bearing$127,453$77,970$132,654
Savings and temporary cash investments$0$0$0
Accounts receivable less allowance for doubtful accounts$39,244$140,248$78,830
Pledges receivable less allowance for doubtful accounts$1,176,444$1,069,135$1,015,010
Grants receivable$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$943,794$926,975$904,759
Inventories for sale or use$0$23,480$25,256
Prepaid expenses and deferred charges$38,652$81,227$344,592
Investments - publicly-traded securities
Investments - other securities$15,773,549$14,364,478$17,167,727
Investments - land, buildings, and equipment less accumulated depreciation$600,000$414,280$226,421
Investments - other$0$0$0
Land, buildings, and equipment less accumulated depreciation$225,758$265,257$0
Other assets, including program-related investments$21,247$0$0
Total liabilities$10,037,175$10,295,522$11,346,660
Accounts payable and accrued expenses$195,903$274,124$271,077
Grants payable$0$0$0
Deferred revenue$566,025$543,017$567,568
Loans from officers, directors, trustees, and key employees$0$0$0
Tax-exempt bond liabilities$0$0$0
Mortgages and other notes payable$0$0$0
Other liabilities$9,275,247$9,478,381$10,508,015
Total liabilities and net assets/fund balances$18,946,141$17,363,050$19,895,249
Total net assets or fund balances$8,908,966$7,067,528$8,548,589
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200020012002
Total revenue$0$0$0
Total revenue, gains, and other support per audited financial statements$0$0$0
Other expenses$0$0$0
Net unrealized gains on investments$0$0$0
Donated services and use of facilities$0$0$0
Recoveries of prior year grants$0$0$0
Other$0$0$0
Other revenue$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200020012002
Total expenses$0$0$0
Total expenses and losses per audited financial statements$0$0$0
Other revenue$0$0$0
Donated services and use of facilities$0$0$0
Prior year adjustments$0$0$0
Losses$0$0$0
Other$0$0$0
Other expenses$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20068
Analysis of Income-Producing Activities (for 2002)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$1,145,395$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$117,650$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$-10,755$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$1,038,500$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2002)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2002)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2002)
Expenses paid or incurred in connection with the lobbying activities$8,032
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Support Schedule
199920002001
Total$0$0$0
Gifts, grants, and contributions received$0$0$0
Membership fees received$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0
Net income from unrelated business activities not included above$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0
Other income$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2002)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$4,303,843
Contributions, Gifts, Grants and Other Similar Amounts$3,516,126
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$429,703
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$358,014
Statement of Functional Expenses (for 2011)
Total functional expenses$3,870,596
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$12,000
Payroll taxes$995
Professional fundraising services$0
Other$3,857,601
Balance Sheet (for 2011)
Total assets$21,493,109
Total liabilities$12,914,185
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$12,914,185
Total net assets or fund balances$8,578,924
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$22,835,900
Gifts, grants, contributions, and membership fees received$20,563,587
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$2,272,313
Gross receipts from related activities, etc.$0
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$-957$0$-957
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$-957$0$-957
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$0
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$-957
Unrelated business taxable income before net operating loss deduction$-957
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-957
Specific deduction$0
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4North Peninsula Jewish Campus800 Foster City Blvd, Foster City, CA 94404-2228CA2000-06$24,022,771
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6St Annes Belfield Foundation Inc2132 Ivy Rd, Charlottesvle, VA 22903-1716VA1960-09$17,085,572
7Santa Maria-Bonita Capital Facilities Corp708 S Miller Street, Santa Maria, CA 93454-6230CA1990-04$10,173,399
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11Capstone FoundationPO BOX 870136, Tuscaloosa, AL 35487-0001AL1973-11$4,303,843
12In Christo Vera EducatioPO BOX 661525, Arcadia, CA 91066-1525CA1960-06$3,092,702
13Dwight School Foundation291 Central Park W, New York, NY 10024-3002NY1969-07$3,015,310
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17Athens-Limestone Hospital Foundation IncPO BOX 999, Athens, AL 35612-0999AL2001-12$315,546
18Dolphin Athletics Club IncPO BOX 2109, Gulf Shores, AL 36547-2109AL1999-02$218,828
19Elmore County High School Band Boosters IncPO BOX 240099, Eclectic, AL 36024-0012AL2004-07$121,520
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Number of organizations performing similar types of work
Alaska18
Alabama49
Arkansas39
Arizona122
California861
Colorado125
Connecticut65
District of Columbia10
Delaware11
Florida294
Georgia234
Hawaii30
Iowa76
Idaho19
Illinois191
Indiana145
Kansas59
Kentucky109
Louisiana32
Massachusetts170
Maryland94
Maine19
Michigan168
Minnesota164
Missouri113
Mississippi43
Montana19
North Carolina196
North Dakota12
Nebraska32
New Hampshire43
New Jersey261
New Mexico41
Nevada20
New York226
Ohio298
Oklahoma82
Oregon90
Pennsylvania195
Rhode Island23
South Carolina103
South Dakota22
Tennessee155
Texas798
Utah12
Virginia170
Vermont25
Washington208
Wisconsin120
West Virginia29
Wyoming10
International7
Total6,457

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