Rudy & Elaine Schott Private Foundation 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
- Organizations performing similar types of work
| Rudy & Elaine Schott Private Foundation Inc | |
| Employer Identification Number (EIN) | 203926362 |
| Name of Organization | Rudy & Elaine Schott Private Foundation Inc |
| In Care of Name | Jeffrey D Haskell |
| Address | C/O Foundation Source 501 Silversid, Wilmington, DE 19809 |
| Subsection | Charitable Organization |
| Ruling Date | 03/2008 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $79,901 |
| Amount of Income | $43,174 |
| Form 990 Revenue Amount | $7,514 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Corporate Foundations |
Non-representatives - add comments:
Amount of income in 2010: $43,174 (it was $7,514 in 2011)
| This organization: | $43,174 |
| Other organizations performing similar types of work: | $107,502 |
Assets in 2010: $79,901 (it was $16,163 in 2011)
| This organization: | $79,901 |
| Other organizations performing similar types of work: | $322,766 |
Expenses in 2011: $71,252
| Rudy & Elaine Schott Private Foundation Inc: | $71,252 |
| Other organizations performing similar types of work: | $58,249 |
Income to expenses ratio in 2011: 0.6
| Rudy & Elaine Schott Private Foundation Inc: | 0.6 |
| Other organizations performing similar types of work: | 2.0 |
Grants share in income in 2011: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 98.7% |
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 | $7,514 | $7,514 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $927 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $6,587 | |||
| Total expenses and disbursements | $71,252 | $1,082 | $0 | $70,170 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $6,252 | $1,082 | $5,170 | |
| Contributions, gifts, grants paid | $65,000 | |||
| Excess of revenue over expenses and disbursements | $-63,738 | |||
| Net investment income | $6,432 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $16,163 | $15,087 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $15,780 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $383 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $16,163 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $6,587 |
| 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 | $64 |
| Total credits and payments | $80 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $80 |
| 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 | $16 |
| Amount to be credited to 2012 estimated tax | $16 |
| 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? | Yes |
| 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 | $45,916 |
| Net value of noncharitable-use assets | $45,220 |
| Minimum investment return | $2,261 |
| Distributable Amount (for 2011) | |
| Distributable amount | $2,197 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $2,197 |
| 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 | The George P Swift Jr Family | 200 Bellevue Pkwy Ste 150, Wilmington, DE 19809-3725 | DE | 1999-03 | $3,221,035 |
| 2 | The Angelo Family Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2008-03 | $2,191,446 |
| 3 | Eisele Family Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2012-02 | $2,155,988 |
| 4 | The William And Sonia Pindler Family Foundation | 501 Riverside Rd 123, Wilmington, DE 19809 | DE | 2008-02 | $836,988 |
| 5 | Excel Private Foundation | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 | DE | 2013-07 | $737,713 |
| 6 | W R Berkley Corporation Charitable Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2003-01 | $607,019 |
| 7 | J Michael & Marilyn P Hickey Charitable Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2013-07 | $474,697 |
| 8 | Francine A Lefrak Foundation Inc | 1007 N Orange St Ste 210, Wilmington, DE 19801-1255 | DE | 2010-06 | $380,922 |
| 9 | Ryan Lange Foundation Inc | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2002-10 | $322,696 |
| 10 | The Dunn Family Charitable Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2012-02 | $270,168 |
| 11 | James Behrens Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2010-11 | $250,008 |
| 12 | Zarkin Family Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2008-06 | $134,057 |
| 13 | Snyder Charitable Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2008-06 | $100,002 |
| 14 | The Schott Fam Private Foundation Inc | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 | DE | 2008-03 | $99,655 |
| 15 | The Four Points Family Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2008-06 | $96,580 |
| 16 | Three Acre Wood Foundation | PO BOX 16, Rockland, DE 19732-0016 | DE | 2012-03 | $86,032 |
| 17 | Sharon Houminer Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2012-02 | $81,111 |
| 18 | The Fox-Walker Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2008-05 | $79,020 |
| 19 | Foundation For Delmar Education | 200 N 8th St, Delmar, DE 19940-1374 | DE | 2014-02 | $50,875 |
| 20 | Rudy & Elaine Schott Private Foundation Inc | C/O Foundation Source 501 Silversid, Wilmington, DE 19809 | DE | 2008-03 | $43,174 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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