Vasek And Anna Maria Polak Charit Foundation Inc in Torrance, 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
| Vasek And Anna Maria Polak Charit Foundation Inc | |
| Employer Identification Number (EIN) | 330611099 |
| Name of Organization | Vasek And Anna Maria Polak Charit Foundation Inc |
| In Care of Name | S J Menzelos |
| Address | PO BOX 2932, Torrance, CA 90509-2932 |
| Activities | Scientific research (diseases) |
| Subsection | Charitable Organization |
| Ruling Date | 08/1994 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $100,000 to $499,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $160,718 |
| Amount of Income | $2,249 |
| Form 990 Revenue Amount | $5,361 |
Non-representatives - add comments:
Revenue for 2011
Expenses for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $5,361 | $5,361 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $1,029 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $4,332 | |||
| Total expenses and disbursements | $515,166 | $4,200 | $0 | $504,500 |
| Compensation of officers, directors, trustees, etc. | $6,000 | |||
| Total operating and administrative expenses | $15,166 | $4,200 | $4,500 | |
| Contributions, gifts, grants paid | $500,000 | |||
| Excess of revenue over expenses and disbursements | $-509,805 | |||
| Net investment income | $1,161 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $162,757 | $160,005 |
| 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 | $162,757 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $162,757 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $4,332 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $12 |
| Total credits and payments | $2,752 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $2,752 |
| 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 |
| Overpayment | $2,740 |
| Amount to be credited to 2012 estimated tax | $2,740 |
| Statements Regarding Activities (for 2011) | |
| 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 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| 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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | 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 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $581,821 |
| Net value of noncharitable-use assets | $573,100 |
| Minimum investment return | $28,655 |
| Distributable Amount (for 2011) | |
| Distributable amount | $28,643 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $28,643 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | 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 | Vandenberghe Foundation Inc | PO BOX 490, Danville, CA 94526-0490 | CA | 1986-10 | $1 |
| 2 | Vanderberg Military Wives Thrift | PO BOX 5454, Vandenbrg Afb, CA 93437-0454 | CA | 1989-01 | $142,136 |
| 3 | Vanguards Football Boosters | PO BOX 2691, Orange, CA 92859-0691 | CA | 2001-01 | $89,121 |
| 4 | Vaqueras Del Camino | Po Box 413, Atascadero, CA 93423 | CA | 1978-09 | $0 |
| 5 | Vaqueros Del Desierto | PO BOX 5188, Pasadena, CA 91117-0188 | CA | 1940-04 | $53,066 |
| 6 | Varah Sarvajanik High School Mandal | 1437 E Colorado St, Glendale, CA 91205-1511 | CA | 1995-04 | $14,461 |
| 7 | Variety Audio Foundation | PO BOX 5731, San Jose, CA 95150-5731 | CA | 1985-10 | $29,212 |
| 8 | Variety Boys And Girls Club | 2530 Cincinnati St, Los Angeles, CA 90033-3014 | CA | 1960-02 | $1,944,600 |
| 9 | Variety Club Blind Babies Foundation, Blind Babies Foundation | 1814 Franklin Street, Oakland, CA 94612-3487 | CA | 1950-06 | $1,049,987 |
| 10 | Vartanian & Topalian Foundation | PO BOX 571191, Tarzana, CA 91357-1191 | CA | 2002-08 | $27 |
| 11 | Vasek And Anna Maria Polak Charit Foundation Inc | PO BOX 2932, Torrance, CA 90509-2932 | CA | 1994-08 | $2,249 |
| 12 | Vasil Levski Education And Cultural Foundation | 10819 Caravelle Pl, San Diego, CA 92124-2004 | CA | 2008-05 | $20,144 |
| 13 | Vaughn Next Century Learning Centerfoundation | 13330 Vaughn St, San Fernando, CA 91340-2216 | CA | 2008-09 | $36,535 |
| 14 | Vaugirard | 135 Paris St, San Francisco, CA 94112-2060 | CA | 1982-12 | $56,372 |
| 15 | Vca Charities | 12401 W Olympic Blvd, Los Angeles, CA 90064-1022 | CA | 2005-11 | $49,222 |
| 16 | Ve & Daughters Happy Home | 10863 Manacor Ct, San Diego, CA 92124-3017 | CA | 2003-06 | $424,368 |
| 17 | Ve Nguon Vietnamese Language School | PO BOX 360411, Milpitas, CA 95036-0411 | CA | 2001-03 | $60,264 |
| 18 | Velaslavasay Panorama | 1122 W 24th St, Los Angeles, CA 90007-1724 | CA | 2001-11 | $135,653 |
| 19 | Velostreet Inc | PO BOX 5873, Santa Rosa, CA 95402-5873 | CA | 2009-09 | $1,369,616 |
| 20 | Vendale Park Community Association | PO BOX 5421, Ventura, CA 93005-0421 | CA | 1965-12 | $42,837 |
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