Robert M Schiffman Inc in Wilmington, Delaware (DE)
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 Delaware
| Robert M Schiffman Inc | |
| Employer Identification Number (EIN) | 061261222 |
| Name of Organization | Robert M Schiffman Inc |
| In Care of Name | Foundation Source |
| Address | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 |
| Activities | Other conservation, environmental or beautification activities |
| Subsection | Charitable Organization |
| Ruling Date | 02/1990 |
| 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 | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $3,280,203 |
| Amount of Income | $1,950,513 |
| Form 990 Revenue Amount | $14,133 |
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 | $74,250 | $72,250 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $581 | |||
| Dividends and interest from securities | $63,197 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $2,000 | |||
| Other | $8,472 | |||
| Total expenses and disbursements | $177,446 | $2,455 | $0 | $174,500 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $2,946 | $2,455 | $0 | |
| Contributions, gifts, grants paid | $174,500 | |||
| Excess of revenue over expenses and disbursements | $-103,196 | |||
| Net investment income | $69,795 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $3,108,466 | $3,434,475 |
| Cash - non-interest-bearing | $420,029 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $2,685,711 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $2,726 | |
| Total liabilities | $107 | |
| Mortgages and other notes payable | $0 | |
| Other | $107 | |
| Total liabilities and net assets/fund balances | $3,108,359 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $8,472 |
| 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 | $698 |
| Total credits and payments | $2,726 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $2,726 |
| 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 | $2,028 |
| Amount to be credited to 2013 estimated tax | $2,028 |
| 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 | $3,324,401 |
| Net value of noncharitable-use assets | $3,274,540 |
| Minimum investment return | $163,727 |
| Distributable Amount (for 2012) | |
| Distributable amount | $163,029 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $163,029 |
| 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 Delaware | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Pta Delaware Congress, Thurgood Marshall Pta | 101 Barrett Run Dr, Newark, DE 19702-2949 | DE | 1971-03 | $39,390 |
| 2 | Pta Delaware Congress, Alfred G Waters Middle School Pta | 1235 Cedar Lane Road, Middletown, DE 19709-9636 | DE | 1971-03 | $11,489 |
| 3 | Pta Delaware Congress | 200 Lagrange Ave, Newark, DE 19702-3516 | DE | 2014-11 | $0 |
| 4 | Pta Deleware Congress, Carrcroft Pta | 503 Crest Rd, Wilmington, DE 19803-4321 | DE | 1971-03 | $85,966 |
| 5 | Posner-Wallace Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 1958-09 | $1,532,965 |
| 6 | Pro-Industrial Funding Company Inc | 500 Stanton Christiana Rd Ops 3 2-P, Newark, DE 19713-2105 | DE | 2001-06 | $17,128,386 |
| 7 | Richard L & Diane M Block Foundation Tr, Richard L Block Ttee | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 | DE | 2007-10 | $564,067 |
| 8 | Richard F Aster Jr Foundation | 1201 N Market St Ste 1002, Wilmington, DE 19801-1807 | DE | 2005-09 | $206,466 |
| 9 | Robert And Lisa Margolis Familyfoundation | The Nemours Bldng-1007 N Orange St, Wilmington, DE 19801 | DE | 2006-03 | $28,350,810 |
| 10 | Centurylink-Clarke M Williams Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 1985-09 | $7,040,719 |
| 11 | Robert M Schiffman Inc | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 | DE | 1990-02 | $1,950,513 |
| 12 | Puget Sound Energy Foundation | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 | DE | 2006-07 | $2,144,185 |
| 13 | Pun Kins Feiman Family Foundation Inc | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2005-04 | $63 |
| 14 | Punkin Chunkin Association | PO BOX 217, Nassau, DE 19969-0217 | DE | 1999-09 | $201,408 |
| 15 | Pyle Child Development Center Inc | 34314 Pyle Center Rd Unit 3, Frankford, DE 19945-3277 | DE | 1998-07 | $283,231 |
| 16 | Quality Insights Of Delaware Inc | 3411 Silverside Rd, Wilmington, DE 19810-4812 | DE | 2002-05 | $3,798,245 |
| 17 | Queally Family Foundation Inc | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2001-10 | $332,820 |
| 18 | Quiet Resorts Charitable Foundation Inc | PO BOX 354, Bethany Beach, DE 19930-0354 | DE | 2002-11 | $135,769 |
| 19 | Quintin E Primo Jr Lecture Series Inc | 2102 Shallcross Ave, Wilmington, DE 19806-2222 | DE | 2000-08 | $27,959 |
| 20 | Quitiplas Foundation | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 | DE | 2008-12 | $6,825,855 |
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