Irving And Betty Berman Family Foundation Inc in Washington, District of Columbia (DC)
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
- Organizations performing similar types of work
Irving And Betty Berman Family Foundation Inc | |
Employer Identification Number (EIN) | 522057768 |
Name of Organization | Irving And Betty Berman Family Foundation Inc |
In Care of Name | Allan J Berman President |
Address | 5100 Lowell Ln Nw, Washington, DC 20016-2608 |
Activities | Gifts, grants, or loans to other organizations |
Subsection | Charitable Organization |
Ruling Date | 10/1997 |
Deductibility | Contributions are deductible |
Foundation | Private non-operating foundation |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2013 |
Assets | $100,000 to $499,999 |
Income | $1 to $9,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $141,474 |
Amount of Income | $8,738 |
Form 990 Revenue Amount | $1,096 |
National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2013: $8,738 (it was $34,688 in 2012)
This organization: | $8,738 |
Other organizations performing similar types of work: | $120,021 |
Assets in 2013: $141,474 (it was $149,652 in 2012)
This organization: | $141,474 |
Other organizations performing similar types of work: | $470,342 |
Expenses in 2012: $26,585
Irving And Betty Berman Family Foundation Inc: | $26,585 |
Other organizations performing similar types of work: | $61,754 |
Income to expenses ratio in 2012: 0.3
This organization: | 0.3 |
Other organizations performing similar types of work: | 2.0 |
Grants share in income in 2012: 211.3%
This organization: | 211.3% |
Other organizations performing similar types of work: | 0.0% |
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 | $4,259 | $3,700 | $0 | |
Contributions, gifts, grants, etc., received | $9,000 | |||
Interest on savings and temporary cash investments | $0 | |||
Dividends and interest from securities | $3,700 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $0 | |||
Total expenses and disbursements | $26,585 | $0 | $0 | $21,735 |
Compensation of officers, directors, trustees, etc. | $0 | |||
Total operating and administrative expenses | $4,850 | $0 | $0 | |
Contributions, gifts, grants paid | $21,735 | |||
Excess of revenue over expenses and disbursements | $-22,326 | |||
Net investment income | $3,700 | |||
Adjusted net income | $0 |
Balance Sheets (for 2012) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $149,652 | $178,413 |
Cash - non-interest-bearing | $10,063 | |
Investments-U.S. and state government obligations | $0 | |
Investments-corporate stock | $139,589 | |
Investments-corporate bonds | $0 | |
Investments-mortgage loans | $0 | |
Investments-other | $0 | |
Total liabilities | $0 | |
Total liabilities and net assets/fund balances | $149,652 |
Capital Gains and Losses for Tax on Investment Income (for 2012) | |
Capital gain net income | $0 |
Net capital loss | $-8,441 |
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 | $37 |
Total credits and payments | $81 |
2012 estimated tax payments and 2011 overpayment credited to 2012 | $81 |
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 | $44 |
Amount to be credited to 2013 estimated tax | $44 |
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 | $162,172 |
Net value of noncharitable-use assets | $159,740 |
Minimum investment return | $7,987 |
Distributable Amount (for 2012) | |
Distributable amount | $7,950 |
Undistributed Income (for 2012) | |
Distributable amount for 2012 | $7,950 |
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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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | S & G Foundation | PO BOX 860, Saratoga Spgs, NY 12866-0860 | NY | 1998-01 | $316,260,515 |
2 | The Walsh Foundation | 190 S Lasalle St Ste 1700, Chicago, IL 60603-3496 | IL | 1995-06 | $46,605,330 |
3 | Tasajillo Charitable Trust, Wyatt O S Jr Ttee | PO BOX 56223, Houston, TX 77256-6223 | TX | 1997-06 | $40,568,060 |
4 | Bedford Falls Foundation C/O Joanne Barkett Conway | 1001 Pennsylvania Avenue Nw No 220s, Washington, DC 20004-2525 | DC | 1997-04 | $6,400,818 |
5 | Kimsey Foundation | 1700 Pennsylvania Ave Nw Ste 900, Washington, DC 20006-4730 | DC | 1997-05 | $2,476,230 |
6 | Alice And Russell True Foundation | 4100 Cathedral Ave Nw Ste 510, Washington, DC 20016-3513 | DC | 1997-11 | $1,816,720 |
7 | Kirstein Family Foundation Inc | 3282 N St Nw, Washington, DC 20007-2846 | DC | 1998-08 | $1,032,713 |
8 | The Jeffery D Bender Foundation | 1025 Connecticut Ave Nw Ste 606, Washington, DC 20036-5437 | DC | 1998-02 | $625,431 |
9 | Omega Life Membership Foundation Inc | PO BOX 92882, Washington, DC 20090-2882 | DC | 1989-08 | $484,563 |
10 | David R Macdonald Foundation | 815 Connecticut Ave Nw Ste 900, Washington, DC 20006-4004 | DC | 1996-08 | $319,411 |
11 | Mckinster Charitable Foundation, Whitworth Frank J Ttee | Tca Trustcorp America, Washington, DC 20015 | DC | 1998-04 | $38,465 |
12 | The@linda And Isaac Stern Charitable Foundation, Stern Isaac Ttee | 2101 Connecticut Avenue Nw, Washington, DC 20008-1728 | DC | 1998-12 | $36,495 |
13 | The Rebecca Pollard Guggenheim Logan Foundation | 1700 K St Nw 300, Washington, DC 20006 | DC | 1995-10 | $32,345 |
14 | Morning Sun Foundation | 1233 20th St Nw Ste 610, Washington, DC 20036-7322 | DC | 1995-08 | $24,262 |
15 | Sk Shurberg-Klein Foundation Inc | 700 7th St Sw Ste 3, Washington, DC 20024-2442 | DC | 1997-08 | $13,795 |
16 | Maxon Foundation, Ackerly Dana T & Sophia M Co-Ttees | 4989 Glenbrook Rd Nw, Washington, DC 20016-3222 | DC | 1996-05 | $9,092 |
17 | Irving And Betty Berman Family Foundation Inc | 5100 Lowell Ln Nw, Washington, DC 20016-2608 | DC | 1997-10 | $8,738 |
18 | Walter And Caren Forbes Family Foundation | 725 Twelfth St Ste Nw, Washington, DC 20005-3901 | DC | 1998-03 | $1 |
19 | C Y Shaw Memorial Educational Tr, Shaw Jane Liu Et Al Ttee | 5101 38th St Nw, Washington, DC 20016-4203 | DC | 1996-03 | $0 |
20 | Central Asia Research And Development Center | 1250 24th St Nw Ste 300, Washington, DC 20037-1186 | DC | 1996-02 | $0 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 2,744 |
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