Tafaro Family 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
- Other organizations in Delaware
| Tafaro Family Foundation Inc | |
| Employer Identification Number (EIN) | 412056080 |
| Name of Organization | Tafaro Family Foundation Inc |
| In Care of Name | Foundation Source |
| Address | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 |
| Subsection | Charitable Organization |
| Ruling Date | 03/2003 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $25,000 to $99,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $92,675 |
| Amount of Income | $21,663 |
| Form 990 Revenue Amount | $4,184 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Named Trusts/Foundations (Not Elsewhere Classified) |
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 | $3,260 | $3,260 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $1,978 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $1,282 | |||
| Total expenses and disbursements | $14,290 | $1,265 | $0 | $13,025 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $4,290 | $1,265 | $3,025 | |
| Contributions, gifts, grants paid | $10,000 | |||
| Excess of revenue over expenses and disbursements | $-11,030 | |||
| Net investment income | $1,995 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $92,675 | $94,352 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $82,871 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $9,804 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $92,675 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $1,282 |
| 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 | $20 |
| Total credits and payments | $94 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $94 |
| 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 | $74 |
| Amount to be credited to 2013 estimated tax | $74 |
| 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 | $101,150 |
| Net value of noncharitable-use assets | $99,640 |
| Minimum investment return | $4,982 |
| Distributable Amount (for 2012) | |
| Distributable amount | $4,962 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $4,962 |
| 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 Delaware | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Sussex County Assoc Of Realtors | 23407 Park Ave, Georgetown, DE 19947-6373 | DE | 1980-09 | $1,899,722 |
| 2 | Sussex County Return Day Inc | PO BOX 55, Georgetown, DE 19947 | DE | 2003-10 | $0 |
| 3 | Sussex Pregnancy Care Center | 5 Burger King Dr, Georgetown, DE 19947-2176 | DE | 1983-11 | $231,490 |
| 4 | Sussex Shores Beach Association | PO BOX 309, Bethany Beach, DE 19930-0309 | DE | 1969-10 | $203,820 |
| 5 | Swanson Family Foundation | C/O Foundation Source 501 Silversid, Wilmington, DE 19809-1377 | DE | 2009-03 | $157,960 |
| 6 | Swimming Gild Of Arden Inc | 2126 The Hwy, Arden, DE 19801 | DE | 1964-02 | $54,633 |
| 7 | Swingin With A Star Inc | 1100 N Market St, Wilmington, DE 19890-0001 | DE | 1995-08 | $113,095 |
| 8 | Swinmurn Family Foundation Dtd 5-22-09 | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2009-09 | $1,602,302 |
| 9 | Sylvan-Laureate Foundation Inc | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 1998-03 | $10,424,445 |
| 10 | Synetics Corporation | 2400 W 4th St, Wilmington, DE 19805-3306 | DE | 1990-05 | $406,305 |
| 11 | Tafaro Family Foundation Inc | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2003-03 | $21,663 |
| 12 | Tall Oaks Classical School Inc | 903 E Basin Rd, New Castle, DE 19720-4253 | DE | 2002-11 | $2,043,871 |
| 13 | Talleyville Fire Co | PO BOX 7025, Wilmington, DE 19803-0025 | DE | 1977-10 | $1,928,021 |
| 14 | Talleyville Girls Softball League Incorporated | 300 Whitby Dr, Wilmington, DE 19803-2215 | DE | 2005-02 | $95,142 |
| 15 | Tan Teo Charitable Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2006-10 | $570,014 |
| 16 | Tarverwalls Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2010-06 | $209,006 |
| 17 | Taylor Smith Foundation | 116 Stone Tower Ln, Wilmington, DE 19803-4539 | DE | 1986-11 | $165,965 |
| 18 | Technology Student Association | 401 Federal St Suite 2, Dover, DE 19901 | DE | 1980-07 | $0 |
| 19 | Teletech Community Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2008-02 | $287,955 |
| 20 | The Arbutus Family Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2008-04 | $178,150 |
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