Cvec Foundation Inc in Seminole, Oklahoma (OK)

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Cvec Foundation Inc
Employer Identification Number (EIN)731553974
Name of OrganizationCvec Foundation Inc
In Care of NameDick Curtis
AddressPO BOX 751, Seminole, OK 74818-0751
SubsectionCharitable Organization
Ruling Date08/1999
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$195,543
Amount of Income$145,687
Form 990 Revenue Amount$145,687
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Public Foundations

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Amount of income in 2013: $145,687 (it was $93,811 in 2012)
This organization: 

Other organizations performing similar types of work: 


Assets in 2013: $195,543 (it was $185,199 in 2012)
This organization: 

Other organizations performing similar types of work: 


Expenses in 2013: $147,332
Cvec Foundation Inc: 

Other organizations performing similar types of work: 


Income to expenses ratio in 2013: 1.0
Cvec Foundation Inc: 

Other organizations performing similar types of work: 


Grants share in income in 2013: 99.8%
This organization: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue$90,749$93,811$145,687
Contributions, gifts, grants, and similar amounts received$90,246$93,469$145,344
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$503$342$343
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$82,577$60,515$147,332
Total net assets$146,552$179,848$178,203
Excess/Deficit for the year$8,172$33,296$-1,645
Net assets or fund balances at beginning of year$138,380$146,552$179,848
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$179,848$178,203
Balance Sheets
Total assets$148,356$185,199$195,543
Total liabilities$1,804$5,351$17,340
Net assets or fund balances$146,552$179,848$178,203
Other Information
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$509,429
Gifts, grants, contributions, and membership fees received$509,429
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$0
Gross receipts from activities that are not an unrelated trade or business under section 513$0
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
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$512,183
Public support$509,429
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$2,754
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
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1Goldman Sachs Philanthropy Fund30 Hudson St 15th Fl, Jersey City, NJ 07302-4600NJ2001-08$1,103,232,352
2San Francisco Foundation1 Embarcadero Ctr Ste 1400, San Francisco, CA 94111-3703CA2002-09$764,866,601
3Goldman Sachs Charitable Gift Fund200 West St 29th Fl, New York, NY 10282-2102NY2008-01$629,880,658
4Pew Charitable Trusts, Plan 08150 08151 08152One Commerce Square 2005 Market St, Philadelphia, PA 19103PA2003-04$429,850,315
5W W Caruth Jr Foundation5500 Caruth Haven Ln, Dallas, TX 75225-8146TX1975-05$365,474,936
6Raymond James Charitable Endowment FundPO BOX 14407, St Petersburg, FL 33733-4407FL2000-08$322,890,434
7Golden L E A F Long-Term Economic Advancement Foundation Inc301 N Winstead Ave, Rocky Mount, NC 27804-2228NC2000-12$193,410,915
8University Of Cincinnati FoundationPO BOX 19970, Cincinnati, OH 45219-0970OH1977-02$169,054,018
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Number of organizations performing similar types of work
District of Columbia96
North Carolina382
North Dakota40
New Hampshire76
New Jersey563
New Mexico62
New York1,186
Rhode Island56
South Carolina163
South Dakota36
West Virginia59
Total13,855 is not associated with, endorsed by, or sponsored by Cvec Foundation Inc and has no official or unofficial affiliation with Cvec Foundation Inc