Irene D Leach Memorial Fund in Mobile, Alabama (AL)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Other organizations in Alabama
| Irene D Leach Memorial Fund | |
| Employer Identification Number (EIN) | 596974705 |
| Name of Organization | Irene D Leach Memorial Fund |
| In Care of Name | Amsouth Bank Attn Trust Dept |
| Address | PO BOX 2886, Mobile, AL 36652-2886 |
| Subsection | Charitable Organization |
| Ruling Date | 11/1999 |
| Foundation | Private non-operating foundation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $641,167 |
| Amount of Income | $207,014 |
| Form 990 Revenue Amount | $34,557 |
Non-representatives - add comments:
Revenue for 2011
Expenses for 2011
Assets for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $34,557 | $34,982 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $4 | |||
| Dividends and interest from securities | $19,411 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $15,142 | |||
| Total expenses and disbursements | $40,439 | $7,963 | $0 | $32,402 |
| Compensation of officers, directors, trustees, etc. | $9,867 | |||
| Total operating and administrative expenses | $10,810 | $7,963 | $2,773 | |
| Contributions, gifts, grants paid | $29,629 | |||
| Excess of revenue over expenses and disbursements | $-5,882 | |||
| Net investment income | $27,019 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $641,167 | $652,923 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $291,467 | |
| Investments-corporate bonds | $321,406 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $28,294 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $641,167 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $15,142 |
| 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 | $540 |
| Total credits and payments | $196 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $196 |
| 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 |
| Tax due | $344 |
| Amount to be credited to 2012 estimated tax | $0 |
| 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 | $695,286 |
| Net value of noncharitable-use assets | $684,860 |
| Minimum investment return | $34,243 |
| Distributable Amount (for 2011) | |
| Distributable amount | $33,703 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $33,703 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $30,810 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | Total | |
|---|---|---|---|---|---|
| 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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| Other organizations in Alabama | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | International Union United Auto Aerospace & Agricultural Workers, 2195 Uaw Local | 20564 Sandy Rd, Tanner, AL 35671-4025 | AL | 1941-06 | $664,625 |
| 2 | International Union United Automobile Aerospace & Agricultura, Uaw Local 1929 | PO BOX 6521, Huntsville, AL 35813 | AL | 1941-06 | $0 |
| 3 | International Used Oil Research Institute | PO BOX 2304, Mobile, AL 36652-2304 | AL | 1997-08 | $72,990 |
| 4 | International Xchange Organization | 1619 Wentworth Dr, Montgomery, AL 36106-2636 | AL | 2007-03 | $1,103,787 |
| 5 | Intertribal Council Of Alabama | 771 S Lawrence St Ste 100, Montgomery, AL 36104-5063 | AL | 1993-08 | $234,353 |
| 6 | Intl Union United Automobile Aerospace & Agricultural Workers, 1155 Uaw | 1004 50th St N, Birmingham, AL 35212-1416 | AL | 1941-06 | $251,406 |
| 7 | Ione C Davis Trust | PO BOX 2886, Mobile, AL 36652-2886 | AL | 2008-02 | $3,142,714 |
| 8 | Iota Alumni Of Pi Kappa Phi Inc | PO BOX 1880, Tuscaloosa, AL 35403-1880 | AL | 1986-07 | $161,871 |
| 9 | Ssab Foundation For Education Inc | 12400 Highway 43 N, Axis, AL 36505-4308 | AL | 2005-01 | $208,901 |
| 10 | Ira F Simmons Parent Teacher Organization, Simmons Pto | 1575 Patton Chapel Rd, Hoover, AL 35226-2257 | AL | 1999-01 | $59,739 |
| 11 | Irene D Leach Memorial Fund | PO BOX 2886, Mobile, AL 36652-2886 | AL | 1999-11 | $207,014 |
| 12 | Iron Men Outdoor Ministries Inc | 6449 Norman Bridge Rd, Montgomery, AL 36105-3827 | AL | 2007-11 | $112,563 |
| 13 | Ironaton Volunteer Fire Department Inc | 42889 Al Highway 21, Munford, AL 36268-6832 | AL | 2001-04 | $268,744 |
| 14 | Is-Able Ministries | 201 Office Park Dr Ste 105, Mountain Brk, AL 35223-2430 | AL | 2004-06 | $63,639 |
| 15 | International Society Of Automation, Birmingham Section | PO BOX 361972, Birmingham, AL 35236-1972 | AL | 1982-09 | $10,884 |
| 16 | Isaac Laub Memorial Milk Fund | PO BOX 2886, Mobile, AL 36652-2886 | AL | 1973-03 | $785,151 |
| 17 | Isabel Anderson Comer Museum & Arts Center | PO BOX 245, Sylacauga, AL 35150-0245 | AL | 1994-04 | $40,019 |
| 18 | Isaiahs Legacy | 310 Eastdale Circle, Montgomery, AL 36117 | AL | 2007-04 | $0 |
| 19 | Isaiahsixeight Inc | 5692 Chestnut Trace, Birmingham, AL 35244 | AL | 2008-03 | $53,591 |
| 20 | Island Athletics Foundation Inc | Po Box 1144, Gulf Shores, AL 36547 | AL | 2009-12 | $0 |
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