Walter J Berbecker And Lilie Berbecker Scholarship Fund in Newtown, Connecticut (CT)
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 Connecticut
| Walter J Berbecker And Lilie Berbecker Scholarship Fund | |
| Employer Identification Number (EIN) | 222801843 |
| Name of Organization | Walter J Berbecker And Lilie Berbecker Scholarship Fund |
| In Care of Name | Robert A Beer |
| Address | 30 Maltbie Rd, Newtown, CT 06470-2508 |
| Activities | Scholarships (other), Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 07/1987 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 02/2012 |
| Assets | $500,000 to $999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $675,117 |
| Amount of Income | $601,246 |
| Form 990 Revenue Amount | $113,706 |
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 | $113,706 | $113,706 | $9,662 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $4 | |||
| Dividends and interest from securities | $9,658 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $104,044 | |||
| Total expenses and disbursements | $451,576 | $789 | $0 | $450,787 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,576 | $789 | $787 | |
| Contributions, gifts, grants paid | $450,000 | |||
| Excess of revenue over expenses and disbursements | $-337,870 | |||
| Net investment income | $112,917 | |||
| Adjusted net income | $9,662 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $675,117 | $510,685 |
| Cash - non-interest-bearing | $395,727 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $279,390 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $675,117 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $104,044 |
| 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 | $1,129 |
| Total credits and payments | $3,974 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,974 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $2,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Overpayment | $2,845 |
| Amount to be credited to 2013 estimated tax | $500 |
| 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 | $745,411 |
| Net value of noncharitable-use assets | $734,240 |
| Minimum investment return | $36,712 |
| Distributable Amount (for 2012) | |
| Distributable amount | $35,583 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $35,583 |
| 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 Connecticut | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Wallingford Historial Society Inc | PO BOX 73, Wallingford, CT 06492-0073 | CT | 1983-08 | $18,045 |
| 2 | Wallingford Historic Preservation Trust Inc | 54 N Elm St, Wallingford, CT 06492-3802 | CT | 1996-11 | $142,965 |
| 3 | Wallingford Police Benevolent Association Trust | 135 N Main St, Wallingford, CT 06492-3709 | CT | 1991-05 | $44,201 |
| 4 | Wallingford Public Library Assoc | Association 200 North Main Street, Wallingford, CT 06492 | CT | 1950-11 | $3,076,738 |
| 5 | Wallingford Rod & Gun Club Inc | 411 N Branford Rd, Wallingford, CT 06492-2717 | CT | $208,273 | |
| 6 | Wallingford Symphony Society Inc | PO BOX 6023, Wallingford, CT 06492-0088 | CT | 2000-01 | $112,425 |
| 7 | Wallingford Wishing Well Inc | 382 N Cherry Street Ext, Wallingford, CT 06492-2309 | CT | 1995-03 | $53,096 |
| 8 | Wallingford Youth Soccer League Inc | PO BOX 1552, Wallingford, CT 06492-1152 | CT | 1995-01 | $285,029 |
| 9 | Walter And Julianne Sullivan Foundation | C/O Filomeno Co 80 South Main, West Hartford, CT 06107 | CT | 1999-04 | $17,925 |
| 10 | Walter Camp Foundation Inc | PO BOX 1663, New Haven, CT 06507-1663 | CT | 1968-04 | $413,358 |
| 11 | Walter J Berbecker And Lilie Berbecker Scholarship Fund | 30 Maltbie Rd, Newtown, CT 06470-2508 | CT | 1987-07 | $601,246 |
| 12 | Walter S Brooks Elderly Homes At Ormont Court Inc | 810 Orchard Street, New Haven, CT 06511-3375 | CT | 2005-12 | $150,586 |
| 13 | Walters Charitable Tr, Walters Milton J Ttee | 82-2 Mount Archer Rd, Old Lyme, CT 06371-3158 | CT | 1999-10 | $1,351 |
| 14 | Walton E & Mary T Burdick Family Foundation, Burdick Walton & Mary Ttee | PO BOX 120, Stamford, CT 06904-0120 | CT | 1993-04 | $301,591 |
| 15 | Wam United | 18 Ridgewood Rd C/O Nitsa Benson, Willington, CT 06279 | CT | 1999-11 | $35,228 |
| 16 | Wapping Cemetery Association Inc | PO BOX 299, Ellington, CT 06029-0299 | CT | 2002-04 | $75,302 |
| 17 | Wapping Elementary School Parent Teacher Organization Incorporated | 91 Ayers Rd, South Windsor, CT 06074-2036 | CT | 2006-02 | $26,893 |
| 18 | Warburton Chapel Trustees | 60 Gold St, Hartford, CT 06103-2905 | CT | 1936-04 | $83,349 |
| 19 | Ward-Heitman Museum Foundation Inc | PO BOX 573, West Haven, CT 06516-0573 | CT | 1996-11 | $31,782 |
| 20 | Warehouse Point Fire Department Incorporated | 89 Bridge St, East Windsor, CT 06088 | CT | 1993-09 | $17,951 |
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