The@kevin & Donna Gruneich Foundation 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
| The@kevin & Donna Gruneich Foundation | |
| Employer Identification Number (EIN) | 262199601 |
| Name of Organization | The@kevin & Donna Gruneich Foundation |
| In Care of Name | Foundation Source |
| Address | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 |
| Subsection | Charitable Organization |
| Ruling Date | 02/2009 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $100,000 to $499,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $141,233 |
| Amount of Income | $5,695 |
| Form 990 Revenue Amount | $5,693 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2011: $5,695 (it was $38,740 in 2010)
| The@kevin & Donna Gruneich Foundation: | $5,695 |
| Other organizations performing similar types of work: | $105,489 |
Assets in 2011: $141,233 (it was $141,814 in 2010)
| This organization: | $141,233 |
| Other organizations performing similar types of work: | $325,460 |
Expenses in 2011: $6,274
| This organization: | $6,274 |
| Other organizations performing similar types of work: | $49,058 |
Income to expenses ratio in 2011: 0.9
| The@kevin & Donna Gruneich Foundation: | 0.9 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2011: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 22.8% |
Revenue 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 | $5,693 | $5,693 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $27 | |||
| Dividends and interest from securities | $6,970 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-1,306 | |||
| Other | $2 | |||
| Total expenses and disbursements | $6,274 | $578 | $0 | $5,516 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $6,274 | $578 | $5,516 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-581 | |||
| Net investment income | $5,115 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $141,233 | $172,591 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $29,343 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $111,890 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $141,233 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $2 |
| 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 | $102 |
| Total credits and payments | $132 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $92 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $40 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Overpayment | $30 |
| Amount to be credited to 2012 estimated tax | $30 |
| 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)? | Yes |
| 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 | $114,507 |
| Net value of noncharitable-use assets | $112,780 |
| Minimum investment return | $5,639 |
| Distributable Amount (for 2011) | |
| Distributable amount | $8,664 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $8,664 |
| 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 | Shelby Cullom Davis Charitable Fund Inc | 501 Silverside Rd, Wilmington, DE 19809-1374 | DE | 2006-12 | $149,728,812 |
| 2 | James And Beatrice Salah Charitable Trust | 919 N Market St Ste 420, Wilmington, DE 19801-3014 | DE | 2011-09 | $50,483,929 |
| 3 | Meredith And Rosemary Willson Charitable Foundation | 40 E Main St Ste 834, Newark, DE 19711-4639 | DE | 2013-01 | $40,594,846 |
| 4 | Doctorbird Foundation | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 | DE | 2011-05 | $24,956,084 |
| 5 | Barnhill Family Foundation | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 | DE | 2014-07 | $19,508,151 |
| 6 | Rugged Elegance Foundation | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 | DE | 2013-11 | $19,268,971 |
| 7 | Michael And Andrea Leven Family Foundation | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 | DE | 2011-08 | $14,405,018 |
| 8 | Jps Peace Love & Happiness Foundation | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 | DE | 2011-04 | $14,082,148 |
| 9 | Saint Agatha Foundation Inc | C/O Foundation Source 501 Silversid, Wilmington, DE 19809 | DE | 2005-04 | $13,707,008 |
| 10 | The Berlin Family Foundation Inc | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2002-02 | $12,206,913 |
| 11 | Hans And Mavis Lopater Foundation | 1100 North Market St, Wilmington, DE 19890-1100 | DE | 2013-03 | $10,135,486 |
| 12 | Vandermark Foundation Inc | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 | DE | 2013-07 | $9,948,478 |
| 13 | Efrusy Family Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2013-11 | $9,809,423 |
| 14 | The Wilke Family Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2008-08 | $9,574,048 |
| 15 | The Swan Family Charitable Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2008-06 | $7,754,844 |
| 16 | The Thornhill Family Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2010-04 | $6,974,949 |
| 17 | The Mackay Thorpe Family Foundation | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 | DE | 2014-07 | $5,544,284 |
| 18 | Jae S Lim Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2011-06 | $5,355,489 |
| 19 | The Carter Chapman Shreve Family Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2013-11 | $5,194,440 |
| 20 | Majic Vermont Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 2012-01 | $5,108,640 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 22,395 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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