Milo W Bekins Foundation in Los Angeles, 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
| Milo W Bekins Foundation | |
| Employer Identification Number (EIN) | 956039745 |
| Name of Organization | Milo W Bekins Foundation |
| In Care of Name | Wells Fargo Bank |
| Address | 15332 Antioch St 871, Los Angeles, CA 90272-3628 |
| Activities | Gifts, grants, or loans to other organizations, Scholarships (other) |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 06/1956 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $4,501,180 |
| Amount of Income | $1,171,133 |
| Form 990 Revenue Amount | $417,083 |
Non-representatives - add comments:
Revenue for 2012
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 | $607,440 | $607,440 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $175,615 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $779 | |||
| Other | $431,046 | |||
| Total expenses and disbursements | $407,995 | $100,518 | $0 | $301,077 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $117,995 | $100,518 | $11,077 | |
| Contributions, gifts, grants paid | $290,000 | |||
| Excess of revenue over expenses and disbursements | $199,445 | |||
| Net investment income | $506,922 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $4,501,180 | $5,723,592 |
| 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 | $4,501,180 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $4,501,180 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $431,046 |
| 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 | $10,138 |
| Total credits and payments | $19,353 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $2,353 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $17,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $9,215 |
| Amount to be credited to 2013 estimated tax | $9,216 |
| 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? | 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 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 | $5,783,896 |
| Net value of noncharitable-use assets | $5,697,140 |
| Minimum investment return | $284,857 |
| Distributable Amount (for 2012) | |
| Distributable amount | $274,719 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $274,719 |
| 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 | Millikan Middle School & Performing Arts Magnet Booster Club | 5041 Sunnyslope Ave, Sherman Oaks, CA 91423-1445 | CA | 2006-11 | $67,622 |
| 2 | Mills Family Foundation | 31451 Greenwood Rd, Elk, CA 95432-9416 | CA | 2007-05 | $112,672 |
| 3 | Mills Montessori School | 1400 Hillside Blvd, S San Fran, CA 94080-1538 | CA | 1988-04 | $1,567,776 |
| 4 | Mills Peninsula Senior Focus | 1720 El Camino Real, Burlingame, CA 94010-3224 | CA | 1980-09 | $1,979,547 |
| 5 | Millstreet Foundation Inc | 1100 Alma Street, Menlo Park, CA 94025-3354 | CA | 2006-02 | $1,548,025 |
| 6 | Millville Ditch Co Inc | 8518 Brookdale Rd, Millville, CA 96062 | CA | 1958-12 | $8,210 |
| 7 | Millwright Employers Association | 447 Georgia St, Vallejo, CA 94590-6004 | CA | 1986-04 | $270,834 |
| 8 | Milner Francini Fam Foundation | 1786 El Codo Way, San Jose, CA 95124-1807 | CA | 2001-03 | $647,780 |
| 9 | Milo F Jamison Bible Fellowship Inc | Po Box 86548, Los Angeles, CA 90086 | CA | 1963-02 | $0 |
| 10 | Milo Foundation | PO BOX 6625, Albany, CA 94706-0625 | CA | 1994-12 | $832,306 |
| 11 | Milo W Bekins Foundation | 15332 Antioch St 871, Los Angeles, CA 90272-3628 | CA | 1956-06 | $1,171,133 |
| 12 | Milos Sanctuary And Special Needs Cat Rescue Inc | 827 N Hollywood Way, Burbank, CA 91505-2814 | CA | 2005-09 | $108,564 |
| 13 | Milpitas Alliance For The Arts | 142 N Milpitas Blvd 330, Milpitas, CA 95035 | CA | 1998-11 | $0 |
| 14 | Milpitas Chamber Of Commerce | 138 N Milpitas Blvd, Milpitas, CA 95035-4401 | CA | 1977-07 | $154,898 |
| 15 | Milpitas Christian School | 3435 Birchwood Ln, San Jose, CA 95132-1308 | CA | 1986-01 | $5,777,548 |
| 16 | Milpitas Food Pantry | 1440 S Main St, Milpitas, CA 95035-6204 | CA | 1996-03 | $495,328 |
| 17 | Milpitas High Athletic Booster Club | PO BOX 361536, Milpitas, CA 95036-1536 | CA | 1980-05 | $70,469 |
| 18 | Milpitas High School Band Boosters | 1286 Escuela Pkwy, Milpitas, CA 95035 | CA | 1996-12 | $178,557 |
| 19 | Milpitas Historical Society | 160 N Main Street, Milpitas, CA 95035 | CA | 1985-10 | $2,628 |
| 20 | Milpitas Housing Inc | 600 California St Ste 900, San Francisco, CA 94108-2706 | CA | 1998-01 | $153,272 |
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