Spence Family Foundation Inc, Spence Family Foundation in Miramar, 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
Spence Family Foundation Inc, Spence Family Foundation | |
Employer Identification Number (EIN) | 261639852 |
Name of Organization | Spence Family Foundation Inc |
Secondary Name | Spence Family Foundation |
In Care of Name | Anthony J Spence |
Address | 18705 Sw 25th Ct, Miramar, FL 33029-2417 |
Subsection | Charitable Organization |
Ruling Date | 01/2010 |
Deductibility | Contributions are deductible |
Foundation | Private non-operating foundation |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2012 |
Assets | $100,000 to $499,999 |
Income | $10,000 to $24,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $214,185 |
Amount of Income | $23,411 |
Form 990 Revenue Amount | $7,535 |
National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2012: $23,411 (it was $35,894 in 2011)
This organization: | $23,411 |
Other organizations performing similar types of work: | $147,540 |
Assets in 2012: $214,185 (it was $225,911 in 2011)
Spence Family Foundation Inc, Spence Family Foundation: | $214,185 |
Other organizations performing similar types of work: | $421,265 |
Expenses in 2012: $22,367
This organization: | $22,367 |
Other organizations performing similar types of work: | $65,955 |
Income to expenses ratio in 2012: 1.0
This organization: | 1.0 |
Other organizations performing similar types of work: | 12.1 |
Grants share in income in 2012: 0.0%
Spence Family Foundation Inc, Spence Family Foundation: | 0.0% |
Other organizations performing similar types of work: | 100.0% |
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 | $3,023 | $4,917 | $5,121 | |
Contributions, gifts, grants, etc., received | $0 | |||
Interest on savings and temporary cash investments | $0 | |||
Dividends and interest from securities | $4,917 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $0 | |||
Total expenses and disbursements | $22,367 | $2,596 | $0 | $19,771 |
Compensation of officers, directors, trustees, etc. | $0 | |||
Total operating and administrative expenses | $3,462 | $2,596 | $866 | |
Contributions, gifts, grants paid | $18,905 | |||
Excess of revenue over expenses and disbursements | $-19,344 | |||
Net investment income | $2,321 | |||
Adjusted net income | $5,121 |
Balance Sheets (for 2012) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $214,185 | $263,575 |
Cash - non-interest-bearing | $4,557 | |
Investments-U.S. and state government obligations | $0 | |
Investments-corporate stock | $209,628 | |
Investments-corporate bonds | $0 | |
Investments-mortgage loans | $0 | |
Investments-other | $0 | |
Total liabilities | $7,618 | |
Mortgages and other notes payable | $0 | |
Other | $7,618 | |
Total liabilities and net assets/fund balances | $206,567 |
Capital Gains and Losses for Tax on Investment Income (for 2012) | |
Capital gain net income | $0 |
Net capital loss | $-1,894 |
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 | $46 |
Total credits and payments | $0 |
Any penalty for underpayment of estimated tax | $0 |
Tax due | $46 |
Overpayment | $0 |
Amount to be credited to 2013 estimated tax | $0 |
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 | $257,648 |
Net value of noncharitable-use assets | $253,780 |
Minimum investment return | $12,689 |
Distributable Amount (for 2012) | |
Distributable amount | $12,643 |
Undistributed Income (for 2012) | |
Distributable amount for 2012 | $12,643 |
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 | United States Fund For Unicef In Kind Assistance Corporation | 125 Maiden Lane, New York, NY 10038-4912 | NY | 2005-11 | $155,471,904 |
2 | Tigers Unlimited Foundation | PO BOX 351, Auburn, AL 36831-0351 | AL | 2004-02 | $45,768,295 |
3 | Parc Endowment Fund Number 2 Founded By Alwayne B Gunderson | 3190 Tyrone Blvd N, St Petersburg, FL 33710-2919 | FL | 2010-12 | $1,255,207 |
4 | United Way Foundation Of Indian River County Inc | 1836 14th Ave, Vero Beach, FL 32960-0620 | FL | 2012-02 | $725,330 |
5 | T U A Faith Bell First United Methodist Church Charitable Trust, Tua F Bell Fbo 1st Umc Charlotte | PO BOX 40200, Jacksonville, FL 32203-0200 | FL | 2001-11 | $621,820 |
6 | Volunteer Florida Foundation Inc | 3800 Esplanade Way Ste 180, Tallahassee, FL 32311-6103 | FL | 2010-12 | $364,500 |
7 | Sunrise Community Foundation Inc | 9040 Sunset Drive, Miami, FL 33173-3432 | FL | 1988-06 | $359,772 |
8 | Frances C Williams Char Tuw, 40-04-410-1352434 | PO BOX 40200, Jacksonville, FL 32203-0200 | FL | 2011-05 | $247,670 |
9 | Vernon Julianne And Sylvia Julianne Trust, Platz Leo Ttee | PO BOX 610002, Miami, FL 33261-0002 | FL | 1996-11 | $89,958 |
10 | Usta Florida Section Foundation Inc | 1 Deuce Ct Ste 100, Daytona Beach, FL 32124-5603 | FL | 2004-11 | $81,016 |
11 | Construction Technology Group Foundation Inc | 5415 Mariner St Ste 200, Tampa, FL 33609-3441 | FL | 2010-03 | $80,235 |
12 | Sheila Foundation | 1636 Gray Bark Dr, Oldsmar, FL 34677-2773 | FL | 2003-10 | $43,193 |
13 | Temple Kol Ami Emanu-El Foundation Inc | 8200 Peters Rd, Plantation, FL 33324-3201 | FL | 2005-08 | $35,462 |
14 | Wishes On Wings Inc | 4985 Dan Smith Rd, St Cloud, FL 34771-7721 | FL | 2005-11 | $26,732 |
15 | Spence Family Foundation Inc, Spence Family Foundation | 18705 Sw 25th Ct, Miramar, FL 33029-2417 | FL | 2010-01 | $23,411 |
16 | St Paul De La Croix Inc | 8237 Granada Blvd, Orlando, FL 32836-5302 | FL | 2003-04 | $22,850 |
17 | Clark And Melinda Vaughn For His Children Legacy Endowment Fund | 6657 Flintwood Street, Navarre, FL 32566 | FL | 2014-08 | $1,435 |
18 | 6 Amxs Booster Club Inc | 7635 Hangar Loop Dr Bldg 56, Tampa, FL 33621-5203 | FL | 2014-10 | $0 |
19 | Ajvg Charity Inc | 3618 Sw 16 Ter, Miami, FL 33145 | FL | 2008-11 | $0 |
20 | Apollo Booster Club Inc | Po Box 2893, Dunedin, FL 34697 | FL | 2011-04 | $0 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 1,310 |
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