Bruce And Cynthia Sherman Charitable Foundation Inc in Naples, Florida (FL)
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
| Bruce And Cynthia Sherman Charitable Foundation Inc | |
| Employer Identification Number (EIN) | 050629744 |
| Name of Organization | Bruce And Cynthia Sherman Charitable Foundation Inc |
| In Care of Name | Bruce S Sherman |
| Address | 5150 Tamiami Trl N Ste 505, Naples, FL 34103-2822 |
| Subsection | Charitable Organization |
| Ruling Date | 02/2006 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $10,000,000 to $49,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $16,179,060 |
| Amount of Income | $14,258,742 |
| Form 990 Revenue Amount | $2,414,130 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2013: $14,258,742 (it was $47,126,226 in 2012)
| Bruce And Cynthia Sherman Charitable Foundation Inc: | $14,258,742 |
| Other organizations performing similar types of work: | $103,138 |
Assets in 2013: $16,179,060 (it was $15,948,097 in 2012)
| This organization: | $16,179,060 |
| Other organizations performing similar types of work: | $338,623 |
Expenses in 2012: $558,960
| Bruce And Cynthia Sherman Charitable Foundation Inc: | $558,960 |
| Other organizations performing similar types of work: | $46,867 |
Income to expenses ratio in 2012: 25.5
| Bruce And Cynthia Sherman Charitable Foundation Inc: | 25.5 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 88.5%
| Bruce And Cynthia Sherman Charitable Foundation Inc: | 88.5% |
| Other organizations performing similar types of work: | 79.6% |
Revenue 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 | $12,518,107 | $10,809,343 | $0 | |
| Contributions, gifts, grants, etc., received | $11,078,960 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $2,853 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $1,436,294 | |||
| Total expenses and disbursements | $558,960 | $0 | $0 | $558,960 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $0 | $0 | $0 | |
| Contributions, gifts, grants paid | $558,960 | |||
| Excess of revenue over expenses and disbursements | $11,959,147 | |||
| Net investment income | $10,809,343 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $15,948,097 | $16,553,269 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $4,184,664 | |
| Investments-corporate bonds | $11,696,497 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $66,936 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $15,948,097 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $1,436,294 |
| 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 | $216,187 |
| Total credits and payments | $218,000 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $0 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $218,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $58 |
| Tax due | $0 |
| Overpayment | $1,755 |
| Amount to be credited to 2013 estimated tax | $1,755 |
| 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 | $8,508,216 |
| Net value of noncharitable-use assets | $8,380,600 |
| Minimum investment return | $419,030 |
| Distributable Amount (for 2012) | |
| Distributable amount | $202,843 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $202,843 |
| 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 | The Bomar Foundation | 2136 Nw 60th Cir, Boca Raton, FL 33496-2647 | FL | 2004-09 | $20,328,277 |
| 2 | The Lillian Jean Kaplan Foundation Inc | 3551 Estepona Ave, Doral, FL 33178-2953 | FL | 2002-12 | $17,863,743 |
| 3 | Pentecost Foundation | 644 Regatta Way, Bradenton, FL 34208-8438 | FL | 2012-03 | $16,773,645 |
| 4 | Marc J Leder Foundation Inc | 5200 Town Center Circle Ste 650, Boca Raton, FL 33486-1015 | FL | 2010-04 | $10,671,013 |
| 5 | The@saul And Theresa Esman Foundation Inc | 2101 Nw Corporate Blvd Ste 206, Boca Raton, FL 33431-7343 | FL | 2008-10 | $9,342,492 |
| 6 | Vorsheck Family Foundation Inc | 9293 Winfield Ct, Weeki Wachee, FL 34613-3986 | FL | 2002-07 | $8,529,560 |
| 7 | Whitney Charitable Foundation Tr, Shirleyann Haveson Ttee | 797 Nina Dr, Tierra Verde, FL 33715-2038 | FL | 2009-02 | $8,158,787 |
| 8 | Audrey And Martin Gruss Foundation | 777 S Flagler Dr Ste 801-E, West Palm Beach, FL 33401-6134 | FL | 2009-03 | $7,329,568 |
| 9 | The Grace & Hope Foundation | 6699 Se South Marina Way, Stuart, FL 34996-1903 | FL | 2011-08 | $6,923,774 |
| 10 | Thomas A Scott Charitable Foundation Inc | 600 Citrus Ave Ste 200, Fort Pierce, FL 34950-4280 | FL | 2013-06 | $6,677,495 |
| 11 | Ralph S French Charitable Foundation Trust | 3201 26th St W, Bradenton, FL 34205-3743 | FL | 2011-05 | $6,630,387 |
| 12 | Chesapeake Charitable Foundation 120613, John Joseph Leahy Et Al Ttee | 2575 S Bayshore Dr Apt 12a, Miami, FL 33133-4776 | FL | 2014-06 | $6,372,723 |
| 13 | Quincy Cole Tr Uw | PO BOX 40200, Jacksonville, FL 32203-0200 | FL | 2006-12 | $5,804,054 |
| 14 | Ccj Foundation | 11941 Turtle Beach Rd, North Palm Beach, FL 33408-2936 | FL | 2013-08 | $5,792,412 |
| 15 | Charles & Margery Barancik So Foundation Inc | 601 Tamiami Trl S, Venice, FL 34285-3237 | FL | 2013-02 | $5,225,633 |
| 16 | Seaman Family Foundation Inc | 11540 Highway 92 East, Seffner, FL 33584 | FL | 2000-09 | $5,002,492 |
| 17 | W Bradford Ingalls Charitable Foundation | Summit Bldg 840 Us Highway One No, North Palm Beach, FL 33408 | FL | 2005-11 | $5,000,472 |
| 18 | Starfish Fund | 1528 Marsh Wren Ln, Naples, FL 34105-2792 | FL | 2015-02 | $5,000,449 |
| 19 | The@lawrence Herbert Foundation, Lawrence Herbert Ttee | 305 Clarke Ave, Palm Beach, FL 33480-6126 | FL | 2007-03 | $3,900,114 |
| 20 | Ruth A Hamilton-Forbes Charitable Tr Uta 10131988 | PO BOX 1908, Orlando, FL 32802-1908 | FL | 2003-01 | $3,623,585 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 20,448 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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