The Eagle Sky Foundation in Edmond, Oklahoma (OK)

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The Eagle Sky Foundation
Employer Identification Number (EIN)731526080
Name of OrganizationThe Eagle Sky Foundation
In Care of NameJoseph D Mckean Jr
Address2601 Meadow View Rd, Edmond, OK 73013-7855
ActivitiesCamp
SubsectionCharitable Organization
Ruling Date06/1998
DeductibilityContributions are deductible
FoundationPrivate operating foundation (other)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$50,000,000 to greater
Income$10,000,000 to $49,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$115,429,705
Amount of Income$29,517,426
Form 990 Revenue Amount$4,362,564
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Recreational and Sporting Camps


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Amount of income in 2013: $29,517,426 (it was $28,471,816 in 2012)
This organization: 

 $29,517,426
Other organizations performing similar types of work: 

 $326,237

Assets in 2013: $115,429,705 (it was $125,068,179 in 2012)
This organization: 

 $115,429,705
Other organizations performing similar types of work: 

 $557,138

Expenses in 2013: $2,585,139
This organization: 

 $2,585,139
Other organizations performing similar types of work: 

 $285,420

Income to expenses ratio in 2013: 11.4
This organization: 

 11.4
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: -3.1%
This organization: 

 -3.1%
Other organizations performing similar types of work: 

 46.8%

Financial snapshot ($)

Assets at the end of 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$-7,020,458$4,258,310$6,861,073
Contributions, gifts, grants, etc., received$218,800
Interest on savings and temporary cash investments$22,219
Dividends and interest from securities$4,214,580
Gross rents$76,099
Gross sales price for all assets$24,758,423
Gross profit from sales of goods$0
Other income$227,305
Total expenses and disbursements$2,585,139$7,938$306,248$1,773,148
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$81,718
Legal fees$0
Accounting fees$20,197
Interest$2,245
Depreciation$539,832
Occupancy$0
Travel, conferences, and meetings$1,654
Printing and publications$0
Total operating and administrative expenses$2,584,139$7,938$1,772,148
Contributions, gifts, grants paid$1,000
Excess of revenue over expenses and disbursements$-9,605,597
Net investment income$4,250,372
Adjusted net income$6,554,825
Balance Sheets
201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$126,972,205$95,728,379$125,068,179$93,819,251$115,429,705$100,143,218
Cash - non-interest-bearing$61,530$71,228$60,418
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$0$0$0
Investments-corporate bonds$69,782,988$72,190,223$71,135,221
Investments-mortgage loans$0$0$0
Investments-other$0$0$0
Other assets$346,667$346,667
Total liabilities$64,985$32,434$-443
Mortgages and other notes payable$62,815$32,434$0
Other liabilities$0$0
Total liabilities and net assets/fund balances$126,907,220$125,035,745$115,430,148
Capital Gains and Losses for Tax on Investment Income
201120122013
Capital gain net income$0$0$0
Net capital loss$-4,251,606$-6,480,282$-11,779,461
Excise Tax Based on Investment Income
201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$82,438$142,497$42,504
Total credits and payments$306,000$353,562$200,000
Current year estimated tax payments and previous year's overpayment credited to current year$306,000$353,562$200,000
Exempt foreign organizations-tax withheld at source$0$0$0
Tax paid with application for extension of time to file (Form 8868)$0$0$0
Backup withholding erroneously withheld$0$0$0
Any penalty for underpayment of estimated tax$0$0$0
Tax due$0$0
Overpayment$211,065$157,496
Amount to be credited to next year's estimated tax$3,562$0$90,000
Statements Regarding Activities
201120122013
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?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?YesYes
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?YesYesYes
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?YesNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNoNo
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
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)?NoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$81,997,976$74,154,299$74,306,244
Net value of noncharitable-use assets$73,041,985$73,191,650
Minimum investment return$4,038,400$3,652,099$3,659,583
Distributable Amount
201120122013
Distributable amount$0$0$0
Undistributed Income
201120122013
Distributable amount for this year$0$0$0
Undistributed income for this year. This amount must be distributed in the next year$0$0$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
The lesser of the adjusted net income or the minimum investment return$3,659,583$3,652,099$4,038,400$5,048,601$16,398,683
Qualifying distributions made directly for active conduct of exempt activities$5,042,998$3,249,213$4,523,792$4,443,914$17,259,917
Value of all assets$1$0$0$0$1
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$2,439,722$2,434,733$2,692,267$3,365,734$10,932,456
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
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$22,219$0
Dividends and interest from securities$4,214,580$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
Unrelated Trade or Business Income (for 2007)
IncomeExpensesNet
Total$233,723$0$233,723
Gross receipts or sales less returns and allowances$233,723$0$0
Cost of goods sold$0$0$0
Gross profit$233,723$0$233,723
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$0$0$0
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 2007)
Total deductions$221,378
Compensation of officers, directors, and trustees$0
Salaries and wages$110,971
Repairs and maintenance$7,584
Bad debts$0
Interest$0
Taxes and licenses$9,630
Charitable contributions$0
Depreciation$16,576
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$14,016
Excess exempt expenses$0
Excess readership costs$0
Other deductions$62,601
Unrelated business taxable income$0
Unrelated business taxable income before net operating loss deduction$12,345
Net operating loss deduction$12,345
Unrelated business taxable income before specific deduction$0
Specific deduction$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
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2Franconia Mennonite Camp Association Inc5389 Route 447, Canadensis, PA 18325-9795PA1986-10$5,212,533
3Camp Lurecrest Inc10800 Sikes Pl Ste 310, Charlotte, NC 28277-8125NC1993-01$1,225,726
4Cathedral Of The Pines Inc5025 Knox Ave S, Minneapolis, MN 55419-1015MN1953-05$1,158,203
5You Are The Difference Foundation Inc, Loving Life Group Homes1249 S Diamond Bar Bld Ste 351, Diamond Bar, CA 91765CA1995-05$983,711
6West End House Inc105 Allison St, Allston, MA 02134MA1935-08$752,233
7Tennessee Cumberland Plateau Camp Ground Inc13 Airstream Dr, Crossville, TN 38572-0209TN1974-04$117,710
8The Eagle Sky Foundation2601 Meadow View Rd, Edmond, OK 73013-7855OK1998-06$29,517,426
9National Forest FoundationBldg 27 Suite 3 Fort Missoula Road, Missoula, MT 59804MT1993-07$14,139,349
10Fresh Air Society6735 Telegraph Rd Ste 380, Bloomfld Hls, MI 48301-3179MI1943-07$10,899,246
11The Fund For Greater Hartford Inc75 Charter Oak Ave Ste 2-200, Hartford, CT 06106-1903CT1952-07$10,582,481
12Minnesota Youth Athletic Services Inc1011 Osborne Rd Ne, Spring Lk Pk, MN 55432-2850MN1996-07$9,676,337
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17Goddard Youth Foundation2964 Goddard Youth Camp Rd, Sulphur, OK 73086-9271OK1967-05$898,081
18Central Oklahoma Christian Camp Inc1 Twin Cedar Ln, Guthrie, OK 73044-7041OK1973-03$682,595
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Number of organizations performing similar types of work
Alaska3
Alabama5
Arkansas4
Arizona3
California48
Colorado18
Connecticut17
District of Columbia1
Delaware2
Florida7
Georgia7
Iowa10
Idaho3
Illinois23
Indiana15
Kansas6
Kentucky8
Massachusetts21
Maryland13
Maine15
Michigan24
Minnesota25
Missouri10
Mississippi3
Montana3
North Carolina9
North Dakota3
Nebraska3
New Hampshire11
New Jersey19
New Mexico2
Nevada2
New York60
Ohio17
Oklahoma8
Oregon9
Pennsylvania31
Rhode Island5
South Carolina3
South Dakota2
Tennessee6
Texas39
Utah3
Virginia16
Vermont6
Washington8
Wisconsin14
West Virginia6
Wyoming2
International1
Total579

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