The Benedict Foundation For Independent Schools in Boca Raton, 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
- Other organizations in Florida
| The Benedict Foundation For Independent Schools | |
| Employer Identification Number (EIN) | 592383209 |
| Name of Organization | The Benedict Foundation For Independent Schools |
| In Care of Name | Patterson Belknap Webb & Tyler |
| Address | 3970 Duncan Dr, Boca Raton, FL 33434-4431 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 05/1984 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $5,557,667 |
| Amount of Income | $409,941 |
| Form 990 Revenue Amount | $-59,294 |
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 | $348,883 | $309,136 | $309,136 | |
| Contributions, gifts, grants, etc., received | $325,000 | |||
| Interest on savings and temporary cash investments | $90 | |||
| Dividends and interest from securities | $23,793 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $334,494 | $0 | $0 | $0 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $29,494 | $0 | $0 | |
| Contributions, gifts, grants paid | $305,000 | |||
| Excess of revenue over expenses and disbursements | $14,389 | |||
| Net investment income | $309,136 | |||
| Adjusted net income | $309,136 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $5,182,547 | $5,182,547 |
| Cash - non-interest-bearing | $55,655 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $5,126,892 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $5,182,547 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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 | $3,091 |
| Total credits and payments | $2,411 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $2,411 |
| 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 | $9 |
| Tax due | $689 |
| 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 | $4,854,769 |
| Net value of noncharitable-use assets | $4,781,940 |
| Minimum investment return | $239,097 |
| Distributable Amount (for 2012) | |
| Distributable amount | $236,006 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $236,006 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $236,006 |
| 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 Florida | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Alliance For Affordable Housing Inc, Alliance For Sustainable Communities Inc | 11714 Plumosa Road, Tampa, FL 33618 | FL | 1993-08 | $9,745 |
| 2 | The Alvah H And Wyline P Chapman Foundation Inc | PO BOX 55398, St Petersburg, FL 33732-5398 | FL | 2004-05 | $1,348,791 |
| 3 | The Alzheimers Project Inc | 301 E Tharpe St, Tallahassee, FL 32303-5552 | FL | 1993-03 | $425,395 |
| 4 | The American Committee For The Reunification Of The Parthenon Scu | 7580 Nw 146th St, Miami Lakes, FL 33016 | FL | 2007-04 | $397 |
| 5 | The Anderson Foundation Inc | 840 W Lutz Lake Fern Rd, Lutz, FL 33548-5027 | FL | 2003-10 | $759,596 |
| 6 | The Annette And Stanley Isaacson Charitable Foundation | 5420 Eagles Point Cir Apt 102, Sarasota, FL 34231-9116 | FL | 1997-06 | $250 |
| 7 | The Ark Foundation Inc | PO BOX 8847, Coral Springs, FL 33075-8847 | FL | 2000-05 | $185,105 |
| 8 | The Arnold & Joy Gottlieb Family Foundation | 200 S Park Rd Ste 150, Hollywood, FL 33021-8351 | FL | 1997-07 | $18,079 |
| 9 | The Association For The Protection Of Children Inc | PO BOX 1438, Alachua, FL 32616-1438 | FL | 2001-06 | $0 |
| 10 | The Aurora Foundation | 12108 10th Ave E, Bradenton, FL 34212-2764 | FL | 1970-01 | $67,687 |
| 11 | The Benedict Foundation For Independent Schools | 3970 Duncan Dr, Boca Raton, FL 33434-4431 | FL | 1984-05 | $409,941 |
| 12 | The Bernard Stern Foundation Inc | 10631 Stonebridge Blvd, Boca Raton, FL 33498-2006 | FL | 2002-11 | $1,289,148 |
| 13 | The Bicol Clinic Foundation Inc | 951 Nw 13th St Ste 3e, Boca Raton, FL 33486-2337 | FL | 2007-03 | $314,314 |
| 14 | The Blakey Charitable Trust | 4460 Neptune Dr, Hernando Beach, FL 34603 | FL | 2007-12 | $1 |
| 15 | The Breed Charitable Foundation, Edelman Daniel M Ttee | 9310 Old Kings Rd S Ste 501, Jacksonville, FL 32257-6178 | FL | 1991-11 | $4 |
| 16 | The Brett Bentley Crawford Foundation | 999 Vanderbilt Bch Rd Ste 102, Naples, FL 34108-3509 | FL | 1999-01 | $115,278 |
| 17 | The Bridge Youth Center Inc | PO BOX 2532, Fort Myers, FL 33902-2532 | FL | 2008-04 | $73,290 |
| 18 | The Bryan J And June B Zwan Foundation Inc | PO BOX 23147, Tampa, FL 33623-2147 | FL | 2001-02 | $17,500 |
| 19 | The C Frederick & Aase B Thompson Foundation Inc | 2835 Nw 41st St Ste 230, Gainesville, FL 32606-6985 | FL | 1996-09 | $1 |
| 20 | The Camp Tracey Childrens Home Trust | 1051 Arlington Rd N, Jacksonville, FL 32211-5810 | FL | 1989-04 | $202,179 |
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