Bces Charitable Foundation in Cumming, Georgia (GA)
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
| Bces Charitable Foundation | |
| Employer Identification Number (EIN) | 582295187 |
| Name of Organization | Bces Charitable Foundation |
| In Care of Name | John Cunningham |
| Address | PO BOX 3057, Cumming, GA 30028-6514 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 06/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $167,473 |
| Amount of Income | $64,970 |
| Form 990 Revenue Amount | $19,485 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2012: $64,970 (it was $325,363 in 2011)
| This organization: | $64,970 |
| Other organizations performing similar types of work: | $120,021 |
Assets in 2012: $167,473 (it was $280,935 in 2011)
| This organization: | $167,473 |
| Other organizations performing similar types of work: | $470,342 |
Expenses in 2012: $120,024
| This organization: | $120,024 |
| Other organizations performing similar types of work: | $61,754 |
Income to expenses ratio in 2012: 0.5
| Bces Charitable Foundation: | 0.5 |
| Other organizations performing similar types of work: | 2.0 |
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 | $9,544 | $9,544 | $5,660 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $5,660 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $3,884 | |||
| Total expenses and disbursements | $120,024 | $22,512 | $0 | $97,512 |
| Compensation of officers, directors, trustees, etc. | $49,376 | |||
| Total operating and administrative expenses | $75,044 | $22,512 | $52,532 | |
| Contributions, gifts, grants paid | $44,980 | |||
| Excess of revenue over expenses and disbursements | $-110,480 | |||
| Net investment income | $0 | |||
| Adjusted net income | $5,660 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $167,473 | $185,582 |
| Cash - non-interest-bearing | $11,419 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $105,217 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $50,837 | |
| Total liabilities | $17,176 | |
| Mortgages and other notes payable | $0 | |
| Other | $17,176 | |
| Total liabilities and net assets/fund balances | $150,297 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $3,884 |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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 | $230,147 |
| Net value of noncharitable-use assets | $226,700 |
| Minimum investment return | $11,335 |
| Distributable Amount (for 2012) | |
| Distributable amount | $11,335 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $11,335 |
| 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 | Thomas H And Jarman F Lowder Foundation | PO BOX 52047, Atlanta, GA 30355-0047 | GA | 1995-06 | $13,428,271 |
| 2 | The John N Goddard Foundation Inc | 87 W Paces Ferry Rd Nw, Atlanta, GA 30305-1310 | GA | 1998-01 | $10,498,657 |
| 3 | J A & H G Woodruff Jr Charitable Trust | PO BOX 709, Athens, GA 30603-0709 | GA | 1998-01 | $4,431,079 |
| 4 | Turner Family Foundation Inc | 1081 Chambers Ct, Watkinsville, GA 30677-7832 | GA | 1995-04 | $3,319,523 |
| 5 | The Sara And Fred Hoyt Charitable Trust Dtd 121696, Hoyt Fred A Jr Ttee | PO BOX 12366, Atlanta, GA 30355-2366 | GA | 1997-02 | $3,171,030 |
| 6 | Gray Matters Charitable Foundation Inc | 2987 Clairmont Rd Ne Ste 350, Atlanta, GA 30329-4435 | GA | 1995-01 | $1,342,796 |
| 7 | Susan & Charles Shanor Ct 121896, Shanor Susan Mcrae Ttee | 3411 Old Plantation Rd Nw, Atlanta, GA 30327-2425 | GA | 1997-09 | $995,059 |
| 8 | Solstice Foundation Inc | 6300 Powers Ferry Road Ste 600 Box, Atlanta, GA 30339-2961 | GA | 1995-07 | $889,365 |
| 9 | The@ann M And Robert M Holder Foundation, Holder Robert M Jr Ttee | 2660 Peachtree Rd Nw Apt 40a, Atlanta, GA 30305-3683 | GA | 1997-07 | $772,108 |
| 10 | Wright Charitable Foundation Inc | PO BOX 1887, Clayton, GA 30525-0048 | GA | 1991-12 | $460,627 |
| 11 | Vivian Bilby Noble Foundation Inc | PO BOX 18651, Atlanta, GA 31126-0651 | GA | 1998-11 | $383,663 |
| 12 | Scharff Foundation Inc | 6 Concourse Pkwy Ste 600, Atlanta, GA 30328-5351 | GA | 1995-04 | $270,002 |
| 13 | Weber Family Foundation Inc | C/O Donald Weber 525 Old Cobbleston, Dunwoody, GA 30350 | GA | 1995-10 | $268,659 |
| 14 | Thorne Family Foundation, Thorne Gerald M Ttee | 5 Leatherwood Ln, Savannah, GA 31411-3022 | GA | 1997-11 | $266,144 |
| 15 | Snodgrass Foundation Inc | 3074 Slaton Dr Nw, Atlanta, GA 30305-2007 | GA | 1997-06 | $255,742 |
| 16 | Sarah Baldwin Harris And J D Harris Foundation Inc | 978 College Dr, Madison, GA 30650-1427 | GA | 1997-03 | $228,383 |
| 17 | The Dunn Foundation Inc | PO BOX 9848, Savannah, GA 31412-0048 | GA | 1998-06 | $224,797 |
| 18 | Shuler-Delk Memorial Foundation Inc | 9585 Stoney Ridge Ln, Alpharetta, GA 30022-7801 | GA | 1996-03 | $131,655 |
| 19 | The Bell Family Foundation, Bell Jr Griffin B Ttee | 2555 Habersham Rd Nw, Atlanta, GA 30305-3557 | GA | 1998-10 | $105,367 |
| 20 | West Point 2100 Inc | 901 3rd Ave, West Point, GA 31833-1213 | GA | 1996-11 | $93,660 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,744 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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