Kirstein 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
| Kirstein Family Foundation Inc | |
| Employer Identification Number (EIN) | 522093153 |
| Name of Organization | Kirstein Family Foundation Inc |
| In Care of Name | Lawrence Kirstein |
| Address | 3282 N St Nw, Washington, DC 20007-2846 |
| Activities | Gifts, grants, or loans to other organizations, Church, synagogue, etc |
| Subsection | Charitable Organization |
| Ruling Date | 08/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| 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) (990-PF required) |
| Asset Amount | $2,009,360 |
| Amount of Income | $1,032,713 |
| Form 990 Revenue Amount | $172,356 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2010: $1,032,713 (it was $172,356 in 2011)
| This organization: | $1,032,713 |
| Other organizations performing similar types of work: | $120,021 |
Assets in 2010: $2,009,360 (it was $2,061,227 in 2011)
| This organization: | $2,009,360 |
| Other organizations performing similar types of work: | $470,342 |
Expenses in 2011: $120,489
| This organization: | $120,489 |
| Other organizations performing similar types of work: | $61,754 |
Income to expenses ratio in 2011: 8.6
| This organization: | 8.6 |
| Other organizations performing similar types of work: | 2.0 |
Revenue for 2011
Expenses for 2011
Assets 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 | $172,356 | $172,356 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $15,569 | |||
| Dividends and interest from securities | $49,377 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $107,410 | |||
| Total expenses and disbursements | $120,489 | $15,489 | $0 | $105,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $15,489 | $15,489 | $0 | |
| Contributions, gifts, grants paid | $105,000 | |||
| Excess of revenue over expenses and disbursements | $51,867 | |||
| Net investment income | $156,867 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,061,227 | $2,058,120 |
| Cash - non-interest-bearing | $9,781 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $661,164 | |
| Investments-corporate bonds | $955,532 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $434,750 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $2,061,227 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $107,410 |
| 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 | $3,137 |
| Total credits and payments | $4,993 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $4,993 |
| 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 | $1,856 |
| Amount to be credited to 2012 estimated tax | $1,856 |
| 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 | $2,206,354 |
| Net value of noncharitable-use assets | $2,173,260 |
| Minimum investment return | $108,663 |
| Distributable Amount (for 2011) | |
| Distributable amount | $105,526 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $105,526 |
| 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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| 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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