Kessler Family Foundation, Kessler Howard J Ttee in Palm Beach, 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
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Other organizations in Florida
| Kessler Family Foundation, Kessler Howard J Ttee | |
| Employer Identification Number (EIN) | 043213614 |
| Name of Organization | Kessler Family Foundation |
| Secondary Name | Kessler Howard J Ttee |
| In Care of Name | Patricia M Kessler |
| Address | 120 Casa Bendita, Palm Beach, FL 33480-3602 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 03/1994 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $39,163,850 |
| Amount of Income | $2,942,598 |
| Form 990 Revenue Amount | $1,678,146 |
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 | $998,072 | $1,080,851 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $112,382 | |||
| Dividends and interest from securities | $813,381 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $155,088 | |||
| Total expenses and disbursements | $413,417 | $51,136 | $0 | $321,811 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $263,293 | $51,136 | $171,687 | |
| Contributions, gifts, grants paid | $150,124 | |||
| Excess of revenue over expenses and disbursements | $584,655 | |||
| Net investment income | $1,029,715 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $37,551,348 | $37,899,394 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $2,451,490 | |
| Investments-corporate stock | $8,998,099 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $17,555,022 | |
| Other | $8,546,737 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $37,551,348 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-82,779 |
| 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 | $20,594 |
| Total credits and payments | $68,826 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $28,826 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $40,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $48,232 |
| Amount to be credited to 2013 estimated tax | $48,232 |
| 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 | $36,799,337 |
| Net value of noncharitable-use assets | $36,247,340 |
| Minimum investment return | $1,812,367 |
| Distributable Amount (for 2012) | |
| Distributable amount | $1,791,773 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $1,791,773 |
| 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 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $-13,327 | $0 | $-13,327 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $-13,327 | $0 | $-13,327 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $0 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $0 |
| Unrelated business taxable income | $-13,327 |
| Unrelated business taxable income before net operating loss deduction | $-13,327 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $-13,327 |
| Specific deduction | $0 |
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| Other organizations in Florida | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Junior League Of Boca Raton Inc | 261 Nw 13th St, Boca Raton, FL 33432-1402 | FL | 1974-11 | $794,830 |
| 2 | Junior League Of Jacksonville Inc | 2165 Park St, Jacksonville, FL 32204-3811 | FL | 1942-08 | $417,673 |
| 3 | Junior League Of Sarasota Inc | 3300 S Tamiami Trl Ste 3, Sarasota, FL 34239-5100 | FL | 1958-11 | $234,329 |
| 4 | Junior League Of St Petersburg Fla Incorporated | 500 Dr Mlk Jr Street N, Saint Petersburg, FL 33705 | FL | 1958-12 | $269,850 |
| 5 | Junior League Of Tampa Inc | 87 Columbia Dr, Tampa, FL 33606-3584 | FL | 1942-10 | $1,149,479 |
| 6 | Junior League Of The Emerald Coast Inc | PO BOX 6965, Miramar Beach, FL 32550-1018 | FL | 1985-12 | $202,448 |
| 7 | Science & Discovery Center Of Northwest Florida Inc | 308 Airport Rd, Panama City, FL 32405-4610 | FL | 1974-11 | $419,283 |
| 8 | Justice Coalition Inc | 1935 Lane Ave S Ste 1, Jacksonville, FL 32210-2741 | FL | 1996-01 | $441,924 |
| 9 | K M D Foundation | 2424 N Federal Hwy Ste 454, Boca Raton, FL 33431-7746 | FL | 1981-10 | $2,283,950 |
| 10 | Kelco Foundation Inc | 4595 Bayview Dr, Ft Lauderdale, FL 33308-5330 | FL | 2001-03 | $166,342 |
| 11 | Kessler Family Foundation, Kessler Howard J Ttee | 120 Casa Bendita, Palm Beach, FL 33480-3602 | FL | 1994-03 | $2,942,598 |
| 12 | Key Life Network Inc | PO BOX 945000, Maitland, FL 32794-5000 | FL | 1986-05 | $3,257,657 |
| 13 | Key West Botanical Garden Society Inc | 5210 College Rd, Key West, FL 33040-4302 | FL | 1989-07 | $427,734 |
| 14 | Khadija Foundation Inc | 6715 Millhopper Rd, Gainesville, FL 32653-3944 | FL | 2000-09 | $121,436 |
| 15 | Kohnken Family Foundation Inc | 1799 Sabal Palm Dr, Boca Raton, FL 33432-7424 | FL | 1998-04 | $609,391 |
| 16 | Kwyjibo Charitable Foundation | 9508 Aqua Ln, Odessa, FL 33556-4800 | FL | 1999-03 | $797,614 |
| 17 | Lake Denton Management Incorporated | 790 Lake Denton Rd, Avon Park, FL 33825-9783 | FL | 1999-04 | $63,433 |
| 18 | Lakeland Community Theatre Inc | PO BOX 2603, Lakeland, FL 33806-2603 | FL | 2001-02 | $394,154 |
| 19 | Land Air Missionary And Bible Support (Lambs) | 3026 Noland St, Marianna, FL 32446 | FL | 2002-03 | $0 |
| 20 | Laser Institute Of America | 13501 Ingenuity Dr Ste 128, Orlando, FL 32826-3018 | FL | 1981-05 | $2,635,043 |
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