E L Gibson Foundation in Pelham, Alabama (AL)

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E L Gibson Foundation
Employer Identification Number (EIN)630383929
Name of OrganizationE L Gibson Foundation
Address482 Oxford Way, Pelham, AL 35124-2862
SubsectionCharitable Organization
Ruling Date07/1940
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$2,668,468
Amount of Income$1,170,063
Form 990 Revenue Amount$113,896
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations

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Amount of income in 2012: $1,170,063 (it was $847,693 in 2011)
E L Gibson Foundation: 

Other organizations performing similar types of work: 


Assets in 2012: $2,668,468 (it was $2,490,842 in 2011)
E L Gibson Foundation: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2011

Expenses for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$113,896$87,883$87,898
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$27,535
Dividends and interest from securities$48,304
Gross rents$10,008
Gross profit from sales of goods$0
Other income$2,051
Total expenses and disbursements$181,469$40,221$5,799$140,295
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$74,411$40,221$33,237
Contributions, gifts, grants paid$107,058
Excess of revenue over expenses and disbursements$-67,573
Net investment income$47,662
Adjusted net income$82,099
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$2,490,842$3,115,248
Cash - non-interest-bearing$20,560
Investments-U.S. and state government obligations$2,176,154
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Total liabilities$5,433
Mortgages and other notes payable$0
Total liabilities and net assets/fund balances$2,485,409
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$25,998
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$953
Total credits and payments$938
2011 estimated tax payments and 2010 overpayment credited to 2011$938
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$15
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?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 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?Yes
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$3,127,537
Net value of noncharitable-use assets$3,080,620
Minimum investment return$154,031
Distributable Amount (for 2011)
Distributable amount$153,078
Undistributed Income (for 2011)
Distributable amount for 2011$153,078
Undistributed income for 2011. This amount must be distributed in 2012$72,173
Private Operating Foundations (for 2011)
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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1Kosciusko 21st Century Foundation Inc2170 N Pointe Dr, Warsaw, IN 46582-9043IN1967-11$72,939,129
2Wem 2000 Foundation, Martin Phillip H TteePO BOX 5628, Minneapolis, MN 55440-5628MN2000-09$14,734,494
3The Beall Family Foundation5 San Joaquin Plz Ste 320, Newport Beach, CA 92660-5936CA2001-02$11,754,599
4North Penn Community Health Foundation2506 N Broad St Ste 206, Colmar, PA 18915-9439PA1956-03$6,461,062
5Henry E & Nancy H Bartels Trust Fbo, University Of New HavenPO BOX 187169, Hamden, CT 06518-7020CT1989-04$2,910,909
6Pugdin Memorial Fund P 61620004PO BOX 3038, Milwaukee, WI 53201-3038WI2000-03$2,007,783
7Lancaster County Partners For Youth IncPO BOX 1023, Lancaster, SC 29721-1023SC1996-10$698,073
8Gordon G Wilson Trust Uw Fbo, Covington United 32100302010 S Dearborn Il1-0117, Chicago, IL 60603-2300IL2000-01$590,765
9Abner F Morison Tr Fund, Bar Harbor Bank & TrustPO BOX 1100, Ellsworth, ME 04605-1100ME1993-03$121,688
10Cargill Macmillan Jr Charitable Tr, Martin Phillip H TteePO BOX 5628, Minneapolis, MN 55440-5628MN2000-09$71,682
11Mike And Gillian Goodrich Charitable Foundation3800 Colonade Parkway, Birmingham, AL 35243-2304AL2009-02$19,621,442
12Mabel Amos Memorial FundPO BOX 2450, Montgomery, AL 36102-2450AL2003-06$3,108,330
13Elizabeth Collins Liver Memorial Tr Uw 050295PO BOX 490, Demopolis, AL 36732-0490AL1999-01$2,500,751
14Mapp Fam Foundation TrPO BOX 139, Point Clear, AL 36564-0139AL2003-03$2,294,675
15Arthur M Britton Foundation Inc3272 Bankhead Ave, Montgomery, AL 36106-2448AL2000-03$1,789,981
16Rc Craft Family Foundation21833 County Road 12 East, Foley, AL 36535AL2010-02$1,727,774
17David J Cooper Chartiable Foundation IncPO BOX 1566, Mobile, AL 36633-1566AL2009-10$1,705,513
18Grace And Cliff Hare Foundation158 Marin Ln, Dadeville, AL 36853-4289AL2008-03$1,446,017
19E L Gibson Foundation482 Oxford Way, Pelham, AL 35124-2862AL1940-07$1,170,063
20Robert Higgins Cannon FoundationPO BOX 706, Fayette, AL 35555-0706AL2004-02$1,114,455
Number of organizations performing similar types of work
District of Columbia99
North Carolina473
North Dakota13
New Hampshire63
New Jersey816
New Mexico71
New York2,349
Rhode Island165
South Carolina127
South Dakota31
West Virginia44

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