Massey Family Foundation in Durant, Oklahoma (OK)

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Massey Family Foundation
Employer Identification Number (EIN)432065394
Name of OrganizationMassey Family Foundation
In Care of NameJohn L Massey
Address1400 W Main St, Durant, OK 74701-4906
SubsectionCharitable Organization
Ruling Date12/2004
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$5,000,000 to $9,999,999
Income$500,000 to $999,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$5,003,575
Amount of Income$791,390
Form 990 Revenue Amount$720,895
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations


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Amount of income in 2011: $791,390 (it was $930,633 in 2010)
Massey Family Foundation: 

 $791,390
Other organizations performing similar types of work: 

 $97,434

Assets in 2011: $5,003,575 (it was $4,583,881 in 2010)
This organization: 

 $5,003,575
Other organizations performing similar types of work: 

 $303,611

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$720,895$47,900$0
Contributions, gifts, grants, etc., received$625,000
Interest on savings and temporary cash investments$44,146
Dividends and interest from securities$23,596
Gross rents$0
Gross profit from sales of goods$0
Other income$80,843
Total expenses and disbursements$301,201$5,351$0$245,268
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$55,933$5,351$0
Contributions, gifts, grants paid$245,268
Excess of revenue over expenses and disbursements$419,694
Net investment income$42,549
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$5,003,575$5,073,846
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$163,006
Investments-corporate stock$2,334,594
Investments-corporate bonds$44,750
Investments-mortgage loans$0
Investments-other$0
Other$2,461,225
Total liabilities$0
Total liabilities and net assets/fund balances$5,003,575
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$0
Net capital loss$-52,690
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$851
Total credits and payments$1,220
2011 estimated tax payments and 2010 overpayment credited to 2011$1,120
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$100
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Overpayment$369
Amount to be credited to 2012 estimated tax$369
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?Yes
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$4,846,207
Net value of noncharitable-use assets$4,773,520
Minimum investment return$238,676
Distributable Amount (for 2011)
Distributable amount$237,825
Undistributed Income (for 2011)
Distributable amount for 2011$237,825
Undistributed income for 2011. This amount must be distributed in 2012$0
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
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$0$0$698
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
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$84,697$0$84,697
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 2008)
Total deductions$7,209
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$930
Depreciation$6,279
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$76,488
Unrelated business taxable income before net operating loss deduction$77,488
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$77,488
Specific deduction$1,000
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IdNameAddressStateEstablishedTotal Income
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2Connecticut Health Foundation Inc100 Pearl Street, Hartford, CT 06103-4506CT2002-10$174,299,539
3Williamsburg Community Health Foundation Inc5308 Discovery Park Blvd, Williamsburg, VA 23188-2880VA1997-02$156,093,653
4Osteopathic Heritage Foundation1500 Lake Shore Dr Ste 230, Columbus, OH 43204-3800OH2004-03$141,668,418
5United Israel Appeal Of Canada IncToronto On M2r 3v3, Canadainternational2001-05$54,245,721
6United Methodist Retirement Homes Incorporated2600 Croasdaile Farm Pkwy No A-500, Durham, NC 27705-1331NC2011-08$46,081,175
7Charles A Cannon Charitable Trust No One1525 W Wt Harris Blvd D1114, Charlotte, NC 28288-0001NC1981-09$43,447,640
8The American Electric Power System Retiree Medical Benefit Trust For, Certain Union EmployeesPO BOX 535007, Pittsburgh, PA 15253-5007PA2004-09$27,602,685
9Uga Real Estate Foundation IncSuite 200, Athens, GA 30601GA1999-12$26,390,599
10Northwest Health FoundationSuite 300, Portland, OR 97209OR1999-02$22,318,082
11J E And L E Mabee Foundation Inc401 South Boston Avenue, Tulsa, OK 74103-4016OK1949-12$105,780,124
12Lyon FoundationPO BOX 546, Bartlesville, OK 74005-0546OK1973-07$14,454,556
13Ketchum Charitable Foundation Inc5100 E Skelly Dr Ste 1040, Tulsa, OK 74135-6573OK2008-12$11,878,271
14Barthelmes Foundation Inc1717 S Cheyenne Ave, Tulsa, OK 74119-4611OK2004-10$4,525,787
15Jess L And Miriam B Stevens Foundation4000 One Williams Ctr, Tulsa, OK 74172-0148OK1999-06$4,237,473
16Maxine And Jack Zarrow Family Foundation401 S Boston Ave, Tulsa, OK 74103-4016OK2000-05$4,064,448
17Ressa Foundation1533 Pecan Pl, Bartlesville, OK 74003-6023OK2002-04$3,836,575
18Allen Family Charitable Foundation7301 N Broadway Ext Ste 225, Oklahoma City, OK 73116-9045OK2006-12$2,979,116
19Harold A White And Edna L White FoundationPO BOX 1620, Tulsa, OK 74101-1620OK2000-07$2,312,584
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Number of organizations performing similar types of work
Alaska25
Alabama192
Arkansas70
Arizona288
California2,416
Colorado378
Connecticut382
District of Columbia106
Delaware539
Florida1,396
Georgia456
Hawaii80
Iowa165
Idaho53
Illinois1,024
Indiana284
Kansas148
Kentucky156
Louisiana146
Massachusetts669
Maryland401
Maine82
Michigan596
Minnesota362
Missouri307
Mississippi62
Montana62
North Carolina519
North Dakota20
Nebraska159
New Hampshire72
New Jersey843
New Mexico87
Nevada190
New York2,482
Ohio691
Oklahoma217
Oregon198
Pennsylvania1,160
Rhode Island172
South Carolina161
South Dakota27
Tennessee240
Texas1,146
Utah259
Virginia453
Vermont52
Washington359
Wisconsin355
West Virginia66
Wyoming57
International34
Total20,864

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