Michael A Obannon Foundation in Las Vegas, Nevada (NV)

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Michael A Obannon Foundation
Employer Identification Number (EIN)943216555
Name of OrganizationMichael A Obannon Foundation
Address2275 E Desert Inn Rd, Las Vegas, NV 89169-3216
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date02/1995
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$5,000,000 to $9,999,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$6,921,979
Amount of Income$268,176
Form 990 Revenue Amount$268,176
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations


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Amount of income in 2011: $268,176 (it was $260,392 in 2010)
Michael A Obannon Foundation: 

 $268,176
Other organizations performing similar types of work: 

 $109,612

Assets in 2011: $6,921,979 (it was $7,158,892 in 2010)
Michael A Obannon Foundation: 

 $6,921,979
Other organizations performing similar types of work: 

 $459,695

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$268,176$268,176$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$287
Dividends and interest from securities$252,706
Gross rents$0
Gross profit from sales of goods$0
Other income$15,183
Total expenses and disbursements$505,090$61,267$0$439,780
Compensation of officers, directors, trustees, etc.$78,000
Total operating and administrative expenses$126,114$61,267$60,804
Contributions, gifts, grants paid$378,976
Excess of revenue over expenses and disbursements$-236,914
Net investment income$206,909
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$6,921,979$10,117,592
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$0
Investments-corporate stock$3,834,034
Investments-corporate bonds$863,353
Investments-mortgage loans$261,977
Investments-other$1,475,000
Other$487,615
Total liabilities$0
Total liabilities and net assets/fund balances$6,921,979
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$4,138
Total credits and payments$4,000
2011 estimated tax payments and 2010 overpayment credited to 2011$4,000
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$1
Tax due$139
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$10,141,902
Net value of noncharitable-use assets$9,989,780
Minimum investment return$499,489
Distributable Amount (for 2011)
Distributable amount$495,351
Undistributed Income (for 2011)
Distributable amount for 2011$495,351
Undistributed income for 2011. This amount must be distributed in 2012$434,547
Private Operating Foundations (for 2011)
2011201020092008Total
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
IdNameAddressStateEstablishedTotal Income
1Van Andel Institute333 Bostwick Ave Ne, Grand Rapids, MI 49503-2518MI1997-08$1,823,572,667
2Columbia Lutheran Charities, Columbia Memorial Hospital2111 Exchange St, Astoria, OR 97103-3329OR1976-07$68,174,711
3Buttonwood Foundation Inc11 Wall St 21st Floor, New York, NY 10005-1905NY1964-08$1,950,171
4Lauritz Melchior Helden Tenor Foundation2403 Windrow Dr, Princeton, NJ 08540-5019NJ1964-10$1,329,825
5Leonard And Jerry Greenbaum Family Foundation Inc1440 Spring St Nw, Atlanta, GA 30309-2832GA1991-01$803,254
6Nagda Foundation Inc150 Se 17th St Ste 400, Ocala, FL 34471FL1992-07$101,423
7Elk Regional Health System763 Johnsonburg Rd, St Marys, PA 15857-3417PA1994-12$34,199
8Mark Schulman And Esther Schulman Foundation6505 Wilshire Blvd Ste 1200, Los Angeles, CA 90048-4960CA1990-02$6,176
9John S And James L Knight Foundation Inc200 S Biscayne Blvd Ste 3300, Miami, FL 33131-2349FL1995-04$4,030,420,323
10John M Belk Educational Endowment2801 W Tyvola Rd, Charlotte, NC 28217-4525NC1996-03$276,254,754
11Swartz Foundation, Shapiro Robert N Ttee800 Boylston St, Boston, MA 02199-8001MA1995-09$212,510,432
12Carls Foundation6001 N Adams Rd Ste 215, Bloomfld Hls, MI 48304-1576MI1965-01$108,706,600
13John And Marcia Goldman FoundationSuite 1625, San Francisco, CA 94105CA1997-09$82,584,473
14Poplar Foundation6410 Poplar Ave Ste 900, Memphis, TN 38119-4841TN1995-03$55,095,757
151994 Charles B Degenstein FoundationPO BOX 185, Pittsburgh, PA 15230-0185PA1996-01$47,308,466
16Luther & Susie Harrison Foundation Inc3414 Peachtree Rd Ne Ste 722, Atlanta, GA 30326-1166GA1996-01$34,189,947
17Kellar Family FoundationPO BOX 3547, Manassas, VA 20108-0964VA1997-04$33,383,677
18Plough Foundation62 N Main St Ste 201, Memphis, TN 38103-2198TN1973-10$32,651,962
19Bernard A Egan Foundation Inc1900 N Old Dixie Hwy, Fort Pierce, FL 34946-1423FL1996-02$31,200,077
20Marshall And Elaine Siegel Family Foundation10609 Clarion Ln, Las Vegas, NV 89134-5230NV1998-11$2,093,713
21Robert S & Dorothy J Keyser Foundation4795 Caughlin Pkwy Ste 100, Reno, NV 89519-0994NV1995-11$1,595,738
22Mary Bremer FoundationPO BOX 6451, Incline Vlg, NV 89450-6451NV1995-12$1,375,402
23Don Hudson Foundation IncPmb 204 2375 East Tropicana Avenue, Las Vegas, NV 89119-6564NV1998-02$703,245
24Joshua Foundation471 Dart Brook Pl, Henderson, NV 89012-4529NV1998-05$498,134
25John And Grace Nauman Foundation, Russell Todd Ttee180 Plantation Dr, Carson City, NV 89703-5412NV1998-11$445,423
26Michael A Obannon Foundation2275 E Desert Inn Rd, Las Vegas, NV 89169-3216NV1995-02$268,176
27Harold L Boyer Charitable Foundation1240 Dressen Ave, Las Vegas, NV 89123-5335NV1997-05$252,893
28E W Mckenzie Foundation, Mc Kenzie E W TteePO BOX 1209, Reno, NV 89504-1209NV1997-09$19,299
29Fuller Family FoundationPO BOX 4801, Incline Vlg, NV 89450-4801NV1997-12$18,266
30Aspen Foundation42 Bennington Ct, Reno, NV 89511-2742NV1998-06$13,290
Number of organizations performing similar types of work
Alabama58
Arkansas13
Arizona25
California193
Colorado53
Connecticut32
District of Columbia18
Delaware17
Florida268
Georgia93
Hawaii12
Iowa17
Idaho7
Illinois122
Indiana58
Kansas19
Kentucky17
Louisiana34
Massachusetts75
Maryland78
Maine6
Michigan103
Minnesota44
Missouri17
Mississippi18
Montana6
North Carolina96
North Dakota2
Nebraska18
New Hampshire9
New Jersey117
New Mexico4
Nevada17
New York231
Ohio148
Oklahoma28
Oregon19
Pennsylvania181
Rhode Island22
South Carolina28
South Dakota2
Tennessee53
Texas162
Utah23
Virginia76
Vermont8
Washington23
Wisconsin57
West Virginia17
Wyoming7
International3
Total2,754

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