Assisi Foundation Of Memphis Inc in Memphis, Tennessee (TN)

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Assisi Foundation Of Memphis Inc
Employer Identification Number (EIN)621558722
Name of OrganizationAssisi Foundation Of Memphis Inc
Address515 Erin Dr, Memphis, TN 38117-4211
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date11/1994
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$187,297,002
Amount of Income$102,197,139
Form 990 Revenue Amount$9,250,236
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Corporate Foundations


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Amount of income in 2011: $102,197,139 (it was $112,947,829 in 2010)
This organization: 

 $102,197,139
Other organizations performing similar types of work: 

 $150,317

Assets in 2011: $187,297,002 (it was $201,476,685 in 2010)
Assisi Foundation Of Memphis Inc: 

 $187,297,002
Other organizations performing similar types of work: 

 $478,291

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$9,250,236$9,250,236$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$1,111
Dividends and interest from securities$3,224,340
Gross rents$0
Gross profit from sales of goods$0
Other income$1,101
Other$6,023,684
Total expenses and disbursements$10,286,853$1,210,628$0$9,045,833
Compensation of officers, directors, trustees, etc.$184,897
Total operating and administrative expenses$2,053,806$1,210,628$627,748
Contributions, gifts, grants paid$8,233,047
Excess of revenue over expenses and disbursements$-1,036,617
Net investment income$8,039,608
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$187,297,002$187,297,002
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$94,471,218
Investments-corporate stock$35,437,547
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$69,995,011
Total liabilities$5,010,973
Mortgages and other notes payable$0
Other$5,010,973
Total liabilities and net assets/fund balances$182,286,029
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$6,023,684
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$160,792
Total credits and payments$270,000
2011 estimated tax payments and 2010 overpayment credited to 2011$270,000
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$0
Overpayment$109,208
Amount to be credited to 2012 estimated tax$109,208
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?Yes
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$193,370,996
Net value of noncharitable-use assets$195,395,440
Minimum investment return$9,769,772
Distributable Amount (for 2011)
Distributable amount$9,608,980
Undistributed Income (for 2011)
Distributable amount for 2011$9,608,980
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
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Assisi Foundation Of Memphis Inc515 Erin Dr, Memphis, TN 38117-4211TN1994-11$102,197,139
2Mark And Anla Cheng Kingdon Fund152 W 57th St Fl 50, New York, NY 10019-3310NY1998-01$18,573,700
3Avx Kyocera Foundation1 Avx Blvd, Fountain Inn, SC 29644-9039SC1997-09$12,655,710
4Carolyn W And Charles T Beaird Family Foundation330 Marshall St Ste 1112, Shreveport, LA 71101-3015LA1996-03$6,223,726
5Fiduciary Charitable FoundationPO BOX 55806, Boston, MA 02205-5806MA1990-09$5,876,190
6Richard D And Lynette S MerillatPO BOX 1525, Pennington, NJ 08534-0686NJ1995-02$4,098,106
7J M Smith Foundation101 W Saint John St Ste 305, Spartanburg, SC 29306-5150SC1996-11$2,988,286
8Mutual Of America Foundation320 Park Avenue Corporate Tax 8th, New York, NY 10022NY1989-07$2,947,227
9Comerica Legacy Foundation101 N Main St Ste 100, Ann Arbor, MI 48104-5515MI1989-02$2,492,133
10Olga & Solomon Lipschitz Tr Ua 081794, Olga & Solomon Lipschitz Ttee5116 17th Ave, Brooklyn, NY 11204-1412NY1996-09$2,487,938
11Karen And David Eisner Foundation307 5th Ave Fl 8, New York, NY 10016-6517NY1998-03$1,905,154
12Boston Globe Foundation Inc135 Morrissey Boulevard, Boston, MA 02125-3310MA1981-02$1,720,369
13Good Samaritan Hospital Foundation Inc520 S 7th St, Vincennes, IN 47591-1038IN1998-01$1,516,988
14New York Community Bank Foundation1400 Old Northern Blvd, Roslyn, NY 11576-2251NY1997-09$1,473,595
15Daniels Family FoundationCai Managers Co 70 E 55th St, New York, NY 10022NY1995-01$1,294,260
16Hyde Family Charitable FundPO BOX 2459, Appleton, WI 54912-2459WI1996-09$1,181,371
17Mamie & Harold K Randall Charitable Tr2035 Hamburg Turnpike No E, Wayne, NJ 07470-6251NJ1998-12$1,035,219
18Hildegarde D Becher Foundation IncPO BOX 11, Hartsdale, NY 10530-0011NY1995-01$953,686
19Clark Construction Group Charitable Foundation Inc7500 Old Georgetown Rd, Bethesda, MD 20814-6133MD1998-04$950,000
20Madalynne L Peel Foundation116 S Main St, Newkirk, OK 74647-4512OK1997-12$926,546
21Elmview Trust FundPO BOX 460, Ellensburg, WA 98926-1915WA1982-07$921,923
22Boys And Girls Clubs Of Miami-Dade Foundation IncPO BOX 330219, Miami, FL 33233-0219FL1997-07$873,253
23Cape Cod Times Needy Fund IncPO BOX 804, Hyannis, MA 02601-0804MA1989-07$837,528
24Day Spring Foundation Inc3430 Day Spring Ct, Louisville, KY 40213-1061KY1997-01$775,021
25Fink Foundation Inc TrPO BOX 11080, Fort Wayne, IN 46855-1080IN1997-07$725,202
26Dev Narayan Md Indo-Us Foundation Inc226 Golden Gate Pt Apt 64, Sarasota, FL 34236-6619FL1995-08$715,549
27A Donald & Mary G Behler Foundation333 Columbia Ave, Palmerton, PA 18071-1622PA1998-05$387,487
28Johnson-Stillman Family Foundation Tr, Spier Frances D TteeC/O Bauer Keller 21 W 38th St, New York, NY 10018NY1996-12$374,661
29Harris A Berman & Ruth E Nemzoff Family Foundation, Berman Harris A & Ruth Berman TteeMasonrich Cpas 6 Bicentennial Sq, Concord, NH 03301NH1997-07$374,578
30Christian Veterinary Missions Foundation Inc468 Peterson Lake Rd, Collierville, TN 38017-2122TN1997-01$164
Number of organizations performing similar types of work
Alabama2
Arkansas2
California6
Colorado3
Connecticut5
District of Columbia2
Delaware1
Florida10
Georgia4
Iowa2
Illinois3
Indiana6
Kansas3
Kentucky2
Louisiana1
Massachusetts6
Maryland3
Michigan7
Minnesota2
Missouri1
North Carolina3
Nebraska2
New Hampshire2
New Jersey5
New York37
Ohio2
Oklahoma1
Pennsylvania6
Rhode Island1
South Carolina4
South Dakota1
Tennessee2
Texas8
Utah2
Virginia4
Washington2
Wisconsin3
West Virginia1
International1
Total158

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