Olive Tree Foundation in Dataw Island, South Carolina (SC)

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Olive Tree Foundation
Employer Identification Number (EIN)582359736
Name of OrganizationOlive Tree Foundation
In Care of NameEisner & Lubin Llp
Address28 Sparrow Nest Pt, Dataw Island, SC 29920-3075
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date02/1998
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$500,000 to $999,999
Income$25,000 to $99,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$695,475
Amount of Income$61,125
Form 990 Revenue Amount$46,494
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations


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Amount of income in 2012: $61,125 (it was $46,494 in 2011)
This organization: 

 $61,125
Other organizations performing similar types of work: 

 $122,334

Assets in 2012: $695,475 (it was $661,999 in 2011)
This organization: 

 $695,475
Other organizations performing similar types of work: 

 $525,322

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$46,494$19,279$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$27,215
Gross rents$0
Gross profit from sales of goods$0
Other income$5,461
Other$13,818
Total expenses and disbursements$55,869$7,681$0$48,188
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$19,369$7,681$11,688
Contributions, gifts, grants paid$36,500
Excess of revenue over expenses and disbursements$-9,375
Net investment income$11,598
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$661,999$896,908
Cash - non-interest-bearing$2,726
Investments-U.S. and state government obligations$0
Investments-corporate stock$535,893
Investments-corporate bonds$77,225
Investments-mortgage loans$0
Investments-other$31,326
Other$14,829
Total liabilities$1
Mortgages and other notes payable$0
Other$1
Total liabilities and net assets/fund balances$661,999
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$13,818
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$116
Total credits and payments$269
2011 estimated tax payments and 2010 overpayment credited to 2011$269
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
Overpayment$153
Amount to be credited to 2012 estimated tax$153
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$900,526
Net value of noncharitable-use assets$887,020
Minimum investment return$44,351
Distributable Amount (for 2011)
Distributable amount$44,235
Undistributed Income (for 2011)
Distributable amount for 2011$44,235
Undistributed income for 2011. This amount must be distributed in 2012$13,003
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
1Abram And Ray Kaplan Foundation1401 Route 35, South Salem, NY 10590-1627NY1995-05$37,301,854
2Albert And Margaret Alkek Foundation1100 Louisiana St Ste 5250, Houston, TX 77002-5100TX1996-12$34,601,946
3Goldsbury Foundation303 Pearl Pkwy Ste 300, San Antonio, TX 78215-1285TX1996-05$29,000,764
4Ernest E Stempel Foundation, Calvin P Stempel Trustee150 Broadway Rm 1102, New York, NY 10038-4367NY1995-05$14,807,515
5Foglia Family Foundation190 S Lasalle St Ste 1700, Chicago, IL 60603-3496IL1995-04$13,943,934
6Kenneth Rainin Foundation155 Grand Ave Ste 1000, Oakland, CA 94612-3779CA1998-05$13,134,451
7First Hand Foundation2800 Rockcreek Pkwy, Kansas City, MO 64117-2521MO1996-01$12,228,074
8E H A Foundation Inc101 Park Avenue, New York, NY 10178-0002NY1996-10$11,534,583
9Neil And Anna Rasmussen Foundation, Rasmussen Neil Ttee393 Estabrook Rd, Concord, MA 01742-5614MA1995-11$10,801,716
10Evelyn And Frank Gordy Foundation, Gordy-Rankin E & N G Simms Ttees3330 Cumberland Blvd Ste T40, Atlanta, GA 30339-8114GA1997-09$8,792,321
11Hellen Ingram Plummer Charitable Foundation IncPO BOX 1501, Pennington, NJ 08534-0671NJ1995-10$8,329,291
12Galena FoundationC/O Abigail S Mooney, Denver, CO 80237CO1996-12$8,043,604
13Brandenburg Life Foundation401 N Point Rd Apt 1002, Osprey, FL 34229-2902FL1996-06$7,907,730
14Regals Foundation60 Winding Ln, Greenwich, CT 06831-3734CT1998-06$7,681,569
15Northridge Hospital Foundation18300 Roscoe Blvd, Northridge, CA 91325-4105CA1996-11$6,593,673
16Ring Foundation12301 Wilshire Blvd Ste 203, Los Angeles, CA 90025-1024CA1995-09$5,556,601
17Judy Bradshaw Childrens Foundation424 E Kennedy St, Spartanburg, SC 29302-1916SC1998-08$1,049,730
18Esther P Young Charitable Foundation104 Grande Oaks Ct, Simpsonville, SC 29681-4716SC1998-05$65,492
19Olive Tree Foundation28 Sparrow Nest Pt, Dataw Island, SC 29920-3075SC1998-02$61,125
20Fat Cat Foundation, Faucette Harriott Hampton TteeC/O Sellars Cole Bachkosky, Columbia, SC 29205SC1997-12$1,481
Number of organizations performing similar types of work
Alabama4
Arkansas2
Arizona12
California43
Colorado15
Connecticut27
District of Columbia5
Delaware5
Florida32
Georgia10
Iowa8
Idaho1
Illinois36
Indiana3
Kansas5
Kentucky3
Louisiana1
Massachusetts53
Maryland7
Maine4
Michigan11
Minnesota13
Missouri9
Mississippi2
Montana2
North Carolina10
North Dakota1
Nebraska3
New Hampshire6
New Jersey30
New Mexico3
Nevada5
New York181
Ohio15
Oklahoma7
Oregon4
Pennsylvania27
Rhode Island10
South Carolina5
Tennessee7
Texas63
Utah10
Virginia12
Washington13
Wisconsin10
West Virginia3
Wyoming2
International2
Total742

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