The Hughes-Monaghan Foundation Fka Mary Jackson Monaghan Fnd in Huntsville, 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
- Organizations performing similar types of work
| The Hughes-Monaghan Foundation Fka Mary Jackson Monaghan Fnd | |
| Employer Identification Number (EIN) | 721374260 |
| Name of Organization | The Hughes-Monaghan Foundation Fka Mary Jackson Monaghan Fnd |
| In Care of Name | Mary Jackson Monaghan |
| Address | 5 Cruse Aly Se, Huntsville, AL 35801-4228 |
| Activities | Other religious activities |
| Subsection | Charitable Organization |
| Ruling Date | 08/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $290,983 |
| Amount of Income | $166,456 |
| Form 990 Revenue Amount | $23,848 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2012: $166,456 (it was $107,265 in 2011)
| The Hughes-Monaghan Foundation Fka Mary Jackson Monaghan Fnd: | $166,456 |
| Other organizations performing similar types of work: | $120,160 |
Assets in 2012: $290,983 (it was $294,441 in 2011)
| The Hughes-Monaghan Foundation Fka Mary Jackson Monaghan Fnd: | $290,983 |
| Other organizations performing similar types of work: | $450,518 |
Expenses in 2012: $23,985
| The Hughes-Monaghan Foundation Fka Mary Jackson Monaghan Fnd: | $23,985 |
| Other organizations performing similar types of work: | $61,287 |
Income to expenses ratio in 2012: 6.9
| The Hughes-Monaghan Foundation Fka Mary Jackson Monaghan Fnd: | 6.9 |
| Other organizations performing similar types of work: | 7.3 |
Grants share in income in 2012: 0.0%
| The Hughes-Monaghan Foundation Fka Mary Jackson Monaghan Fnd: | 0.0% |
| Other organizations performing similar types of work: | 8.9% |
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $18,851 | $8,348 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $8,348 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $10,503 | |||
| Total expenses and disbursements | $23,985 | $6,848 | $0 | $16,250 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $7,735 | $6,848 | $0 | |
| Contributions, gifts, grants paid | $16,250 | |||
| Excess of revenue over expenses and disbursements | $-5,134 | |||
| Net investment income | $1,500 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $290,983 | $332,343 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $60,949 | |
| Investments-corporate stock | $167,617 | |
| Investments-corporate bonds | $49,494 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $12,923 | |
| Total liabilities | $2,500 | |
| Mortgages and other notes payable | $0 | |
| Other | $2,500 | |
| Total liabilities and net assets/fund balances | $288,483 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $10,503 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $30 |
| Total credits and payments | $215 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $215 |
| 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 | $0 |
| Overpayment | $185 |
| Amount to be credited to 2013 estimated tax | $185 |
| Statements Regarding Activities (for 2012) | |
| 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 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| 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 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | 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 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $337,912 |
| Net value of noncharitable-use assets | $332,840 |
| Minimum investment return | $16,642 |
| Distributable Amount (for 2012) | |
| Distributable amount | $16,612 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $16,612 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $16,497 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Alpha Foundation Inc | 303 Williams Avenue, Huntsville, AL 35801-6012 | AL | 1998-02 | $26,840,308 |
| 2 | Altec-Styslinger Foundation Inc | 210 Inverness Center Dr, Birmingham, AL 35242-4834 | AL | 1998-08 | $22,395,171 |
| 3 | Thompson Foundation Inc | PO BOX 10367, Birmingham, AL 35202-0367 | AL | 1997-10 | $7,261,360 |
| 4 | Jje Charitable Foundation Inc | 2908 Clairmont Ave S, Birmingham, AL 35205-1014 | AL | 1996-11 | $4,854,358 |
| 5 | J L Bedsole Foundation | PO BOX 1628, Mobile, AL 36633-1628 | AL | 1972-10 | $4,536,097 |
| 6 | Julius E & Ruth J Talton Charitable Tr, Talton Julius E Jr Ttee | 910 Ravenwood Dr, Selma, AL 36701-6723 | AL | 1998-04 | $2,354,666 |
| 7 | Nall Foundation | 119 Euclid Ave, Brimingham, AL 35213-2906 | AL | 1997-06 | $1,679,561 |
| 8 | The Olin B King Foundation 1555000217 | 659 Gallatin St Sw, Huntsville, AL 35801-4914 | AL | 1998-09 | $541,753 |
| 9 | Thomas L Turner Charitable Tr | PO BOX 1628, Mobile, AL 36633-1628 | AL | 1998-01 | $467,533 |
| 10 | The Hughes-Monaghan Foundation Fka Mary Jackson Monaghan Fnd | 5 Cruse Aly Se, Huntsville, AL 35801-4228 | AL | 1997-08 | $166,456 |
| 11 | Samford Charitable Foundation | PO BOX 530277, Birmingham, AL 35253-0277 | AL | 1997-01 | $47,933 |
| 12 | Samuel L Schloss Family Foundation Trust, Schloss Samuel L & Burke K Co-Ttee | 3305 Boxwood Dr, Montgomery, AL 36111-1701 | AL | 1997-08 | $43,100 |
| 13 | The Wilson-Pettus Foundation | 39 Windsor Dr, Tuscaloosa, AL 35404-4335 | AL | 1997-03 | $18,882 |
| 14 | Stockham-Ray Foundation | 19 Glen Iris Park S, Birmingham, AL 35205-5905 | AL | 1997-03 | $14,070 |
| 15 | United Bank Charitable Foundation Inc | 200 E Nashville Ave, Atmore, AL 36502-2536 | AL | 1998-05 | $1,508 |
| 16 | Zacchaeus Ministries Inc | PO BOX 318, Verbena, AL 36091-0318 | AL | 1997-07 | $570 |
| 17 | The Alabama Boychoir Foundation Inc | 2625 8th St, Tuscaloosa, AL 35401-2103 | AL | 1997-01 | $1 |
| 18 | The Judy Gilbert Johnson Family Foundation | PO BOX 918, Athens, AL 35612-0918 | AL | 1996-11 | $1 |
| 19 | Continental Societies Inc, Tuskegee Al Chapter | PO BOX 210882, Montgomery, AL 36121-0882 | AL | 1974-03 | $0 |
| 20 | Shelton State Community College | 9500 Old Greensboro Rd, Tuscaloosa, AL 35405-8522 | AL | 1995-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 5,225 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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