Bernstein Family Foundation Inc in Mill Valley, 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
- Organizations performing similar types of work
| Bernstein Family Foundation Inc | |
| Employer Identification Number (EIN) | 522068202 |
| Name of Organization | Bernstein Family Foundation Inc |
| Address | 8 Oxford Ave, Mill Valley, CA 94941 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 03/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,503,515 |
| Amount of Income | $760,932 |
| Form 990 Revenue Amount | $91,831 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2013: $760,932 (it was $638,600 in 2012)
| Bernstein Family Foundation Inc: | $760,932 |
| Other organizations performing similar types of work: | $120,160 |
Assets in 2013: $1,503,515 (it was $1,752,342 in 2012)
| This organization: | $1,503,515 |
| Other organizations performing similar types of work: | $450,518 |
Expenses in 2012: $352,845
| This organization: | $352,845 |
| Other organizations performing similar types of work: | $61,287 |
Income to expenses ratio in 2012: 2.2
| Bernstein Family Foundation Inc: | 2.2 |
| Other organizations performing similar types of work: | 7.3 |
Grants share in income in 2012: 0.0%
| This organization: | 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 | $52,733 | $59,143 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $1,099 | |||
| Dividends and interest from securities | $59,092 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-1,048 | |||
| Total expenses and disbursements | $352,845 | $10,545 | $0 | $342,300 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $14,745 | $10,545 | $4,200 | |
| Contributions, gifts, grants paid | $338,100 | |||
| Excess of revenue over expenses and disbursements | $-300,112 | |||
| Net investment income | $48,598 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,752,342 | $1,748,651 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,610,620 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $47,433 | |
| Other | $94,289 | |
| Total liabilities | $3,547 | |
| Mortgages and other notes payable | $0 | |
| Other | $3,547 | |
| Total liabilities and net assets/fund balances | $1,748,795 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-6,410 |
| 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 | $486 |
| Total credits and payments | $1,582 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,582 |
| 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 | $1,096 |
| Amount to be credited to 2013 estimated tax | $1,096 |
| 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 | $1,997,400 |
| Net value of noncharitable-use assets | $1,967,440 |
| Minimum investment return | $98,372 |
| Distributable Amount (for 2012) | |
| Distributable amount | $97,886 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $97,886 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Kimball Foundation | 1660 Bush St, San Francisco, CA 94109-5308 | CA | 1998-01 | $30,232,965 |
| 2 | Stephen C & Patricia A Schott Foundation | 404 Saratoga Avenue, Santa Clara, CA 95050-7000 | CA | 1995-01 | $18,915,635 |
| 3 | Vadasz Family Foundation | PO BOX 1347, Sonoma, CA 95476-1347 | CA | 1997-12 | $15,472,391 |
| 4 | Sunshine On You Foundation | 9440 Santa Monica Blvd, Beverly Hills, CA 90210-4610 | CA | 1998-01 | $7,674,792 |
| 5 | Rudi Schulte Family Foundation | PO BOX 60921, Santa Barbara, CA 93160-0921 | CA | 1997-06 | $4,884,246 |
| 6 | The Sabin Childrens Foundation | 17140 Bernardo Center Drive, San Diego, CA 92128-2093 | CA | 1995-06 | $4,786,229 |
| 7 | Sand Hill Foundation | 3000 San Hill, Menlo Park, CA 94025-7113 | CA | 1995-04 | $4,398,637 |
| 8 | Thornton S Glide Jr And Katrina D Glide Foundation | 28120 Pierce Ranch Rd, Davis, CA 95616-9447 | CA | 1997-10 | $4,362,679 |
| 9 | The@harry And Diane Rinker Foundation | 949 S Coast Plaza Ste 500, Newport Beach, CA 92658 | CA | 1993-04 | $3,893,660 |
| 10 | Truman Capote Charitable Tr 010193, Truman Capote Literary Trust | 9200 W Sunset Blvd Ph 22, Los Angeles, CA 90069-3601 | CA | 1995-04 | $3,380,616 |
| 11 | Rudolph J & Daphne A Munzer Foundation | 3450 E Spring St Ste 218, Long Beach, CA 90806-2463 | CA | 1996-01 | $3,361,104 |
| 12 | Rudd Family Foundation 091297, Rudd Andrew T Et Al Ttee | 2175 North California Blvd, Walnut Creek, CA 94596-3579 | CA | 1997-12 | $2,649,496 |
| 13 | Tilley Family Foundation | 15821 Ventura Blvd Ste 490, Encino, CA 91436-4778 | CA | 1998-01 | $2,585,020 |
| 14 | Van Konynenburg Foundation | 13681 W Sunset Blvd, Pacific Plsds, CA 90272-4019 | CA | 1994-12 | $2,400,268 |
| 15 | Steinmetz Foundation | 3424 W Carson St Ste 600, Torrance, CA 90503-5725 | CA | 1998-04 | $2,122,167 |
| 16 | Shapell-Guerin Foundation Inc | 8383 Wilshire Blvd Ste 724, Beverly Hills, CA 90211-2406 | CA | 1997-05 | $2,118,494 |
| 17 | Small Change Foundation | 19 Sutter St, San Francisco, CA 94104-4901 | CA | 1998-03 | $1,975,184 |
| 18 | Silver Lining Foundation | 18 Crow Canyon Ct Ste 250, San Ramon, CA 94583-1786 | CA | 1998-02 | $1,936,905 |
| 19 | Montgomery Family Foundation | 101 First St 554, Los Altos, CA 94022-2750 | CA | 1997-05 | $1,619,655 |
| 20 | Seiger Family Foundation | 27087 Old Trace Ln, Los Altos Hls, CA 94022-1926 | CA | 1998-01 | $1,473,899 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 5,225 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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