Washington Management Corporation Foundation 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
| Washington Management Corporation Foundation | |
| Employer Identification Number (EIN) | 522014122 |
| Name of Organization | Washington Management Corporation Foundation |
| In Care of Name | James H Lemon Jr |
| Address | 1101 Vermont Ave Nw Ste 800, Washington, DC 20005-3521 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 11/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $60,631 |
| Amount of Income | $170,697 |
| Form 990 Revenue Amount | $102,934 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2012: $170,697 (it was $102,934 in 2011)
| This organization: | $170,697 |
| Other organizations performing similar types of work: | $120,160 |
Assets in 2012: $60,631 (it was $115,021 in 2011)
| Washington Management Corporation Foundation: | $60,631 |
| Other organizations performing similar types of work: | $450,518 |
Expenses in 2012: $229,451
| Washington Management Corporation Foundation: | $229,451 |
| Other organizations performing similar types of work: | $61,287 |
Income to expenses ratio in 2012: 0.7
| This organization: | 0.7 |
| Other organizations performing similar types of work: | 7.3 |
Grants share in income in 2012: 99.6%
| Washington Management Corporation Foundation: | 99.6% |
| Other organizations performing similar types of work: | 8.9% |
Revenue for 2012
Expenses 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 | $170,697 | $5,061 | $697 | |
| Contributions, gifts, grants, etc., received | $170,000 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $696 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $1 | |||
| Total expenses and disbursements | $229,451 | $118 | $118 | $229,451 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $118 | $118 | $118 | |
| Contributions, gifts, grants paid | $229,333 | |||
| Excess of revenue over expenses and disbursements | $-58,754 | |||
| Net investment income | $4,943 | |||
| Adjusted net income | $579 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $60,631 | $60,631 |
| 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 | $60,631 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $60,631 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 | $49 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $49 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| 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 | $99,103 |
| Net value of noncharitable-use assets | $97,600 |
| Minimum investment return | $4,880 |
| Distributable Amount (for 2012) | |
| Distributable amount | $4,831 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $4,831 |
| 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 | Tudor Place Foundation Inc Trust 1 P-02965-00-5 | 1644 31st St Nw, Washington, DC 20007-2924 | DC | 1991-05 | $7,848,032 |
| 2 | Spring Creek Foundation Inc | 2201 P St Nw, Washington, DC 20037-1033 | DC | 1996-05 | $3,868,175 |
| 3 | Tudor Place Foundation Inc 2 | 1644 31st St Nw, Washington, DC 20007-2924 | DC | 1997-01 | $3,392,934 |
| 4 | Hrh Foundation | 3100 R St Nw, Washington, DC 20007-2937 | DC | 1997-10 | $2,155,283 |
| 5 | National Association Of State Budget Officers | 444 N Capitol St Nw Ste 642, Washington, DC 20001-1556 | DC | 1994-09 | $2,021,433 |
| 6 | Berger-Marks Foundation | 4301 Connecticut Ave Nw Ste 140, Washington, DC 20008-2304 | DC | 1997-11 | $1,264,154 |
| 7 | Continental Societies Inc | 633 Pennsylvania Ave Nw Fl3, Washington, DC 20004-2605 | DC | 1974-03 | $931,736 |
| 8 | Alan R Bennett Foundation Inc | 4847 Foxhall Cres Nw, Washington, DC 20007-1052 | DC | 1998-01 | $810,602 |
| 9 | Carter Foundation | 212 Van Buren St Nw, Washington, DC 20012-2721 | DC | 1998-02 | $720,710 |
| 10 | Russert Family Foundation Inc | 4907 Rockwood Pkwy Nw, Washington, DC 20016-3210 | DC | 1998-12 | $398,052 |
| 11 | Samuel M Levy Family Foundation | 1321 Wisconsin Ave Nw Unit 1/2, Washington, DC 20007-3398 | DC | 1997-04 | $272,552 |
| 12 | Wilner Family Foundation Inc | 801 Pennsylvania Avenue Nw, Washington, DC 20004-2615 | DC | 1996-03 | $206,933 |
| 13 | Washington Management Corporation Foundation | 1101 Vermont Ave Nw Ste 800, Washington, DC 20005-3521 | DC | 1997-11 | $170,697 |
| 14 | Robert And Mary Haft Foundation Inc | 2346 Massachusetts Ave Nw, Washington, DC 20008-2801 | DC | 1998-03 | $48,106 |
| 15 | The Wiley And Janis Buchanan Foundation | 1055 Thomas Jefferson St Nw Ste 650, Washington, DC 20007-5238 | DC | 1996-12 | $2,591 |
| 16 | Art Resources Trust Fund | 1800 M St N W, Washington, DC 20036-5802 | DC | 1996-12 | $0 |
| 17 | Bartenders Ball Foundation Inc | 2100 Pennsylvania Ave Nw Ste 580, Washington, DC 20037-3220 | DC | 1983-04 | $0 |
| 18 | Friends Of Hungarian Higher Education Foundation | 1120 Connecticut Ave Nw, Washington, DC 20036-3902 | DC | 1997-12 | $0 |
| 19 | Northwest Center Development Corp | 2702 Ontario Rd Nw, Washington, DC 20009-2154 | DC | 1991-01 | $0 |
| 20 | Trust For Lead Poisoning Prevention | 227 Massachusetts Ave Ne Ste 200, Washington, DC 20002-4963 | DC | 1998-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 5,225 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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