Ben Franklin Family Foundation in Palm Springs, California (CA)
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 California
| Ben Franklin Family Foundation | |
| Employer Identification Number (EIN) | 954110072 |
| Name of Organization | Ben Franklin Family Foundation |
| In Care of Name | Matthew Franklin |
| Address | 559 S Palm Canyon Dr B-212, Palm Springs, CA 92264-7209 |
| Activities | Community Chest, United Way, etc., Other inner city or community benefit activities |
| Subsection | Charitable Organization |
| Ruling Date | 08/1987 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $3,126 |
| Amount of Income | $1 |
| Form 990 Revenue Amount | $1 |
Non-representatives - add comments:
Expenses 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 | $1 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $1 | |||
| Total expenses and disbursements | $50,190 | $0 | $0 | $49,130 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,060 | $0 | $0 | |
| Contributions, gifts, grants paid | $49,130 | |||
| Excess of revenue over expenses and disbursements | $-50,190 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $3,126 | $3,126 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $3,126 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $3,126 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| 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 | $2,222 |
| Net value of noncharitable-use assets | $2,180 |
| Minimum investment return | $109 |
| Distributable Amount (for 2012) | |
| Distributable amount | $109 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $109 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| 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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| Other organizations in California | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Belwood Of Los Gatos Homes Association | PO BOX 1372, Los Gatos, CA 95031-1372 | CA | 1975-08 | $180,663 |
| 2 | Bemiston Tower Inc A Delaware Corporation | 101 California St Fl 26, San Francisco, CA 94111-5803 | CA | 1999-10 | $34,837,629 |
| 3 | Ben & Mavis Huang Foundation | 19472 Woodlands Dr, Huntingtn Bch, CA 92648-5570 | CA | 2009-02 | $1,001,163 |
| 4 | Ben Ali Temple Aaonms Inc | PO BOX 214477, Sacramento, CA 95821-0477 | CA | 1981-02 | $152,254 |
| 5 | Ben And Evelyn Wilson Foundation Inc | 5045 Pickford Way, Culver City, CA 90230-4915 | CA | 1998-10 | $19,460 |
| 6 | Ben And Pauline Adler Foundation | PO BOX 2089, Del Mar, CA 92014-1389 | CA | 1960-09 | $4,077 |
| 7 | Ben B And Joyce E Eisenberg Foundation | 12400 Wilshire Boulevard, Los Angeles, CA 90025-1019 | CA | 1986-06 | $13,020,203 |
| 8 | Ben Benavidez Advocacy Center | 6861 Fairchild St, Fontana, CA 92336-4181 | CA | 1998-08 | $1 |
| 9 | Ben Eisenberg Properties-New Mart Building Inc | 12400 Wilshire Boulevard, Los Angeles, CA 90025-1019 | CA | 2001-06 | $5,263,906 |
| 10 | Ben Em Dang Co Ta | 10501 Garden Grove Blvd, Garden Grove, CA 92843-1128 | CA | 2002-03 | $983,355 |
| 11 | Ben Franklin Family Foundation | 559 S Palm Canyon Dr B-212, Palm Springs, CA 92264-7209 | CA | 1987-08 | $1 |
| 12 | Ben H & Gladys Arkelian Foundation | PO BOX 1825, Bakersfield, CA 93303-1825 | CA | 1965-05 | $427,220 |
| 13 | Ben Lomond Quaker Center Association | PO BOX 686, Ben Lomond, CA 95005-0686 | CA | 1982-11 | $318,918 |
| 14 | Ben Patrick Johnson Foundation | C/O 15400 Sherman Way No 380, Van Nuys, CA 91406 | CA | 2006-02 | $10,420 |
| 15 | Ben Sher Mutual Water Company Inc | PO BOX 1274, Canyon Cntry, CA 91386-1274 | CA | 1970-01 | $155,606 |
| 16 | Ben Silverman Foundation Inc | 11601 Wilshire Blvd No 1840, Los Angeles, CA 90025-1754 | CA | 2008-06 | $400,865 |
| 17 | Ben Weider Education And Scholarship Fund-Keren Aryeh Leib | 703 18th St, Santa Monica, CA 90402-3019 | CA | 2001-04 | $100,227 |
| 18 | Benaka Foundation | 36 Paseo De Castana, Rch Palos Vrd, CA 90275-6385 | CA | 1999-12 | $126,683 |
| 19 | Balboa Park Online Collaborative Inc, Bengough Operating Foundation | 2131 Pan American Plz, San Diego, CA 92101-1683 | CA | 2005-02 | $1,095,414 |
| 20 | Bencao Brasil | 5557 W Washington Bl, Los Angeles, CA 90016 | CA | 2002-06 | $60,912 |
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