Courtney Knight Gaines Foundation Inc in Savannah, Georgia (GA)

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Courtney Knight Gaines Foundation Inc
Employer Identification Number (EIN)582398209
Name of OrganizationCourtney Knight Gaines Foundation Inc
In Care of NameMartin A Cruz Citibank Na
Address15 Lake St Ste 210, Savannah, GA 31411-2978
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date09/1998
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$5,000,000 to $9,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$7,490,219
Amount of Income$4,059,848
Form 990 Revenue Amount$553,449
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations

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Amount of income in 2011: $4,059,848 (it was $4,099,132 in 2010)
This organization: 

Other organizations performing similar types of work: 


Assets in 2011: $7,490,219 (it was $7,269,613 in 2010)
Courtney Knight Gaines Foundation Inc: 

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$553,449$557,572$0
Contributions, gifts, grants, etc., received$900
Interest on savings and temporary cash investments$0
Dividends and interest from securities$185,491
Gross rents$0
Gross profit from sales of goods$0
Other income$134
Total expenses and disbursements$359,244$38,595$0$315,239
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$72,578$38,595$28,573
Contributions, gifts, grants paid$286,666
Excess of revenue over expenses and disbursements$194,205
Net investment income$518,977
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$7,490,219$8,372,398
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
Total liabilities$0
Total liabilities and net assets/fund balances$7,490,219
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$366,924
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$10,380
Total credits and payments$4,056
2011 estimated tax payments and 2010 overpayment credited to 2011$4,056
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$6,324
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?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$8,689,373
Net value of noncharitable-use assets$8,559,040
Minimum investment return$427,952
Distributable Amount (for 2011)
Distributable amount$417,572
Undistributed Income (for 2011)
Distributable amount for 2011$417,572
Undistributed income for 2011. This amount must be distributed in 2012$0
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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Organizations performing similar types of work
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1The City College 21st Century Foundation Inc138th Street And Convent Avenue, New York, NY 10031NY1997-03$86,641,569
2Center For Inquiry Development Fund3965 Rensch Rd, Amherst, NY 14228-2743NY1998-12$10,791,389
3Chapel Hill Training Outreach Project Inc800 Eastowne Dr Ste 105, Chapel Hill, NC 27514-2215NC1993-05$8,975,022
4Ziering Family Foundation6505 Wilshire Blvd Ste 1200, Los Angeles, CA 90048-4960CA1996-06$3,505,573
5Our Lady Of Divine Providence House Of Prayer Foundation Inc711 S Bayview Ave, Clearwater, FL 33759-4251FL1994-08$283,880
6Sara Giles Moore Foundation1355 Peachtree Street Ne Suite 1560, Atlanta, GA 30309-3275GA1997-09$34,376,299
7Chantal And Tommy Bagwell Foundation Inc, Bagwell Thomas N Ttee4705 Leland Dr, Cumming, GA 30041-3991GA1996-01$8,045,622
8Courtney Knight Gaines Foundation Inc15 Lake St Ste 210, Savannah, GA 31411-2978GA1998-09$4,059,848
9Aim Foundation1555 Ptree St Ne Ste 1800, Atlanta, GA 30309-2499GA1997-10$2,391,910
10Fincher Loughridge Foundation IncPO BOX 400, Chatsworth, GA 30705-0400GA1986-06$2,166,107
11Fonda Family Foundation Inc1450 W Peachtree St Nw, Atlanta, GA 30309-2955GA1998-03$1,700,073
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17Charter Foundation IncPO BOX 472, West Point, GA 31833-0472GA1995-12$748,500
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19Pezold Family Foundation Inc, Pezold John D Pres600 Brookstone Centre Pkwy, Columbus, GA 31904-3097GA1997-05$545,942
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Number of organizations performing similar types of work
District of Columbia24
North Carolina135
North Dakota2
New Hampshire17
New Jersey210
New Mexico24
New York530
Rhode Island33
South Carolina40
South Dakota12
West Virginia9
Total5,243 is not associated with, endorsed by, or sponsored by Courtney Knight Gaines Foundation Inc and has no official or unofficial affiliation with Courtney Knight Gaines Foundation Inc