Wilbert Foundation in Hagerstown, Maryland (MD)
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
| Wilbert Foundation | |
| Employer Identification Number (EIN) | 010747500 |
| Name of Organization | Wilbert Foundation |
| Address | PO BOX 226, Hagerstown, MD 21741-0226 |
| Subsection | Charitable Organization |
| Ruling Date | 01/2005 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $373,707 |
| Amount of Income | $40,220 |
| Form 990 Revenue Amount | $197,751 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Corporate Foundations |
Non-representatives - add comments:
Amount of income in 2013: $40,220 (it was $51,892 in 2012)
| This organization: | $40,220 |
| Other organizations performing similar types of work: | $107,502 |
Assets in 2013: $373,707 (it was $355,338 in 2012)
| This organization: | $373,707 |
| Other organizations performing similar types of work: | $322,766 |
Expenses in 2012: $57,436
| This organization: | $57,436 |
| Other organizations performing similar types of work: | $58,249 |
Income to expenses ratio in 2012: 0.7
| Wilbert Foundation: | 0.7 |
| Other organizations performing similar types of work: | 2.0 |
Grants share in income in 2012: 99.0%
| This organization: | 99.0% |
| Other organizations performing similar types of work: | 98.7% |
Revenue for 2012
Expenses 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 | $51,705 | $448 | $2,556 | |
| Contributions, gifts, grants, etc., received | $51,201 | |||
| Interest on savings and temporary cash investments | $448 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $56 | |||
| Gross sales less returns and allowances | $-131 | |||
| Less: Cost of goods sold | $187 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $57,436 | $0 | $0 | $18,664 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $47,436 | $0 | $8,664 | |
| Contributions, gifts, grants paid | $10,000 | |||
| Excess of revenue over expenses and disbursements | $-5,731 | |||
| Net investment income | $448 | |||
| Adjusted net income | $2,556 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $355,338 | $355,338 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $355,338 | |
| Total liabilities | $3,580 | |
| Mortgages and other notes payable | $0 | |
| Other | $3,580 | |
| Total liabilities and net assets/fund balances | $351,758 | |
| 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 | $9 |
| Total credits and payments | $43 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $43 |
| 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 | $0 |
| Tax due | $0 |
| Overpayment | $34 |
| Amount to be credited to 2013 estimated tax | $34 |
| 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 | $325,046 |
| Net value of noncharitable-use assets | $320,180 |
| Minimum investment return | $16,009 |
| Distributable Amount (for 2012) | |
| Distributable amount | $18,500 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $18,500 |
| 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 Cupid Foundation Inc | 930 Greenspring Valley Rd, Lutherville, MD 21093-3609 | MD | 2008-06 | $27,463,069 |
| 2 | Tamias Foundation | 217 International Circle, Hunt Valley, MD 21030-1332 | MD | 2003-02 | $3,132,338 |
| 3 | Ahns Foundation Inc | 13014 Boswell Ct, Potomac, MD 20854-6361 | MD | 2011-04 | $1,505,513 |
| 4 | Sanders Foundation | 4990 Sentinel Dr Apt 306, Bethesda, MD 20816-3584 | MD | 2001-01 | $1,355,701 |
| 5 | Veerayatan International Inc | 6890 Woodglen Drive, Hughesville, MD 20637 | MD | 1996-09 | $743,157 |
| 6 | The Rcm&d Foundation | 555 Fairmount Ave, Baltimore, MD 21286-5417 | MD | 2000-06 | $570,965 |
| 7 | William Kelly Gregory & Anna Margaretta Gregory Charitable Foun | 22 W Pennsylvania Ave Ste 606, Towson, MD 21204-5005 | MD | 2011-02 | $536,786 |
| 8 | Kahan Family Foundation | 602 Hermleigh Rd, Silver Spring, MD 20902-1610 | MD | 2011-11 | $304,964 |
| 9 | Schuh Family Foundation Inc | PO BOX 48, Gibson Island, MD 21056-0048 | MD | 2001-03 | $218,012 |
| 10 | The@milton M Meyer Jr & Mildred B Meyer Foundation | 3705 Taylor St, Chevy Chase, MD 20815-4119 | MD | 2003-02 | $210,897 |
| 11 | Tia Foundation | 1532 Pointer Ridge Pl Ste G, Bowie, MD 20716-1874 | MD | 2001-07 | $208,154 |
| 12 | Stone Family Foundation Inc | 7 Saint Paul St Ste 910, Baltimore, MD 21202-1672 | MD | 1999-05 | $205,953 |
| 13 | Under Armour Foundation Inc | 1020 Hull Street, Baltimore, MD 21230-5356 | MD | 2014-07 | $200,000 |
| 14 | Williams Foundation | 7 Cedar Point Rd, Severna Park, MD 21146-4505 | MD | 2011-02 | $180,000 |
| 15 | The William S Baer School Partnership Board Inc | 2001 N Warwick Ave, Baltimore, MD 21216-3203 | MD | 1995-08 | $123,522 |
| 16 | Sioda Family Foundation Inc | 7330 Apple Dr, Boonsboro, MD 21713-2200 | MD | 2006-03 | $73,370 |
| 17 | Wilbert Foundation | PO BOX 226, Hagerstown, MD 21741-0226 | MD | 2005-01 | $40,220 |
| 18 | Syed Mohamed And Sharifah Zaitun Albukhary Waqf | 4323 Rosedale Ave, Bethesda, MD 20814-4750 | MD | 2003-05 | $8,513 |
| 19 | Tucker-Diggs Foundation Inc | 11868 Linden Chapel Rd, Clarksville, MD 21029-1127 | MD | 2001-01 | $301 |
| 20 | Sandy Spring Bank Foundation Inc | 17801 Georgia Ave, Olney, MD 20832-2233 | MD | 2015-02 | $1 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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