Shernoff Family Foundation in Santa Monica, 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
| Shernoff Family Foundation | |
| Employer Identification Number (EIN) | 954090829 |
| Name of Organization | Shernoff Family Foundation |
| Address | 2811 Wilshire Blvd Ste 570, Santa Monica, CA 90403-4806 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 04/1987 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 08/2012 |
| Assets | $100,000 to $499,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $412,446 |
| Amount of Income | $3,233 |
| Form 990 Revenue Amount | $58,522 |
Non-representatives - add comments:
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 | $3,233 | $3,233 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $33 | |||
| Dividends and interest from securities | $3,200 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $23,985 | $389 | $0 | $23,413 |
| Compensation of officers, directors, trustees, etc. | $8,250 | |||
| Total operating and administrative expenses | $14,115 | $0 | $13,603 | |
| Contributions, gifts, grants paid | $9,810 | |||
| Excess of revenue over expenses and disbursements | $-20,692 | |||
| Net investment income | $2,844 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $412,446 | $466,730 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $53,762 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $358,684 | |
| Total liabilities | $248 | |
| Mortgages and other notes payable | $0 | |
| Other | $248 | |
| Total liabilities and net assets/fund balances | $412,198 | |
| 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 | $57 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $57 |
| 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 | $480,333 |
| Net value of noncharitable-use assets | $473,120 |
| Minimum investment return | $23,656 |
| Distributable Amount (for 2012) | |
| Distributable amount | $23,599 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $23,599 |
| 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 | Shelter Valley Volunteer Fire Department | 7260 Great So Overland, Julian, CA 92036 | CA | 2005-04 | $141,446 |
| 2 | Sheng Foundation | 7718 Seeber Ct, Cupertino, CA 95014-5269 | CA | 2007-02 | $53,262 |
| 3 | Sheng-Wei And Chi-Ping Li Foundation | 8 Hollywood Ave, Los Gatos, CA 95030-6235 | CA | 2001-12 | $-13,891 |
| 4 | Shenphen Ling | 20100 Chateau Drive, Saratoga, CA 95070 | CA | 2004-10 | $12,417 |
| 5 | Sheriff Boosters Palmdale Inc | 44288 Lowtree Ave, Lancaster, CA 93534-4169 | CA | 1999-05 | $58,805 |
| 6 | Sheriffs Youth Foundation Of Los Angeles County | 4700 W Ramona Blvd Unit 4, Monterey Park, CA 91754-2152 | CA | 1986-07 | $2,201,903 |
| 7 | Sherman Heights Community Center Corporation | 2258 Island Ave, San Diego, CA 92102-2921 | CA | 1987-09 | $207,733 |
| 8 | Sherman Oaks Orthopaedic Research Foundation Inc | 217 E Alameda Ave Ste 305, Burbank, CA 91502-2622 | CA | 1993-02 | $308,028 |
| 9 | California Federtion Of Womens Clubs, Sherman Oaks Womans Club | 5758 Ventura Canyon Ave, Valley Glen, CA 91401-4532 | CA | 1998-11 | $4,412 |
| 10 | Sherman Schleimer Family Philanthropic Foundation | 1174 Hype Ave, San Jose, CA 95129 | CA | 2006-12 | $18,024 |
| 11 | Shernoff Family Foundation | 2811 Wilshire Blvd Ste 570, Santa Monica, CA 90403-4806 | CA | 1987-04 | $3,233 |
| 12 | Sherry And Buddy Hackett Family Foundation | 800 N Whittier Dr, Beverly Hills, CA 90210-3029 | CA | 2006-05 | $0 |
| 13 | Sherwin Acres Mutual Water Company | 6544 Beene Rd, Ventura, CA 93003-7202 | CA | 1976-01 | $32 |
| 14 | Sherwood Parent-Teacher Club | 819 E Rumble Rd, Modesto, CA 95350-2414 | CA | 1982-10 | $68,196 |
| 15 | Shery Levit Educational Foundation | 2224 Glendon Ave, Los Angeles, CA 90064-2009 | CA | 2003-04 | $0 |
| 16 | Sheryl & Harvey White Foundation | 2223 Avenida De La Playa Ste 110, La Jolla, CA 92037-3218 | CA | 2005-10 | $680,862 |
| 17 | Shiatsu Massage School Of California | Po Box 8810, Los Angeles, CA 90008 | CA | 1997-07 | $312,933 |
| 18 | Shift Ministries Inc | 7201 Haven Ave E132, Rancho Cucamonga, CA 91701 | CA | 2006-02 | $0 |
| 19 | Shifting Focus Inc | PO BOX 77005, San Francisco, CA 94107-0005 | CA | 1991-06 | $187 |
| 20 | Shiloh Arms Day Care Development Corporation | 3949 23rd Ave, Sacramento, CA 95820-4940 | CA | 1978-05 | $323,120 |
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