Barden Gary Foundation in Gary, Indiana (IN)
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
| Barden Gary Foundation | |
| Employer Identification Number (EIN) | 204223628 |
| Name of Organization | Barden Gary Foundation |
| In Care of Name | Majestic Star Casinos & Hotel |
| Address | 1 Buffington Harbor Dr, Gary, IN 46406-3000 |
| Subsection | Educational Organization |
| Ruling Date | 08/2008 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $135,276 |
| Amount of Income | $129,926 |
| Form 990 Revenue Amount | $123,781 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2012: $129,926 (it was $123,781 in 2011)
| This organization: | $129,926 |
| Other organizations performing similar types of work: | $82,884 |
Assets in 2012: $135,276 (it was $126,741 in 2011)
| Barden Gary Foundation: | $135,276 |
| Other organizations performing similar types of work: | $56,205 |
Expenses in 2012: $121,371
| Barden Gary Foundation: | $121,371 |
| Other organizations performing similar types of work: | $50,053 |
Income to expenses ratio in 2012: 1.1
| This organization: | 1.1 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2012: 99.7%
| Barden Gary Foundation: | 99.7% |
| Other organizations performing similar types of work: | 71.1% |
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 | $129,926 | $369 | $0 | |
| Contributions, gifts, grants, etc., received | $129,557 | |||
| Interest on savings and temporary cash investments | $369 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $121,371 | $32 | $0 | $121,339 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $33,105 | $32 | $33,073 | |
| Contributions, gifts, grants paid | $88,266 | |||
| Excess of revenue over expenses and disbursements | $8,555 | |||
| Net investment income | $337 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $135,276 | $135,276 |
| 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 | $135,276 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $135,276 | |
| 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 | $7 |
| Total credits and payments | $40 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $40 |
| 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 | $33 |
| Amount to be credited to 2013 estimated tax | $33 |
| 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? | Yes |
| 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 | $184,483 |
| Net value of noncharitable-use assets | $181,720 |
| Minimum investment return | $9,086 |
| Distributable Amount (for 2012) | |
| Distributable amount | $9,079 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $9,079 |
| 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 |
| Write your review! |
|
|
| Recently Added Reviews |
| Rhema Inspirational Church Of The Harvest Rich Inc in Gary, IN |
| Teamsters Union No 142 Health & Welfare Trust Fund in Gary, IN |
Rotary International, Kendallville Rotary Club in Kendallville, IN
  |
|
Naptown Riders Motorcycle Club in Indianapolis, IN
|
| A Hoof And A Prayer Horse Rescue Inc in Haubstadt, IN |
| Nulltown Wingnuts Inc in Connersville, IN |
|
Lennoxs Legacy Rescue Inc in Decatur, IN
|
|
Columbus Regional Hospital in Columbus, IN
|
|
Order Of The Amaranth Inc, Grand Court Of Indiana in Evansville, IN
|
| Franklin Township Youth Basketball in Indianapolis, IN |
| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Kaizen Educational Foundation | 7878 N 16th St Ste 150, Phoenix, AZ 85020-4470 | AZ | 2009-07 | $30,608,213 |
| 2 | United Way Of Lancaster County | 630 Janet Ave, Lancaster, PA 17601-4527 | PA | 2007-06 | $10,067,129 |
| 3 | Realnetworks Foundation | 1501 1st Ave S, Seattle, WA 98134-1464 | WA | 2001-11 | $9,732,319 |
| 4 | Lela D Jackson Foundation For The Arts | PO BOX 49348, Sarasota, FL 34230-6348 | FL | 2013-06 | $6,622,959 |
| 5 | Ros Foundation | 4811 S 76th St Ste 211, Greenfield, WI 53220-4352 | WI | 1999-02 | $4,498,953 |
| 6 | Sarcoma Foundation Of America Inc | 9899 Main St Ste 204, Damascus, MD 20872-2066 | MD | 2001-06 | $4,157,591 |
| 7 | Four Freedoms Park Conservancy Inc | 1110 2nd Ave Rm 301, New York, NY 10022-2021 | NY | 2011-09 | $4,032,916 |
| 8 | The Gaillard Performance Hall Foundation | 40 Calhoun St No 230, Charleston, SC 29401 | SC | 2011-06 | $3,615,773 |
| 9 | Barden Gary Foundation | 1 Buffington Harbor Dr, Gary, IN 46406-3000 | IN | 2008-08 | $129,926 |
| 10 | Carroll County Remc Multi-County Community Trust Inc | PO BOX 298, Delphi, IN 46923-0298 | IN | 2005-02 | $28,280 |
| 11 | Southwestern Show Choir Booster Organization | 167 S Main Cross, Hanover, IN 47243 | IN | 2003-03 | $27,701 |
| 12 | Michigan City Area Schools Grant Acceptance Fund Inc | 408 S Carroll Ave, Michigan City, IN 46360-5302 | IN | 2004-05 | $25,386 |
| 13 | Irwin Home Equity Foundation | 500 Washington St, Columbus, IN 47201-6230 | IN | 2002-05 | $6,538 |
| 14 | Aging Wellness And The Arts Foundation Incorporated | 7637 Bancaster Dr, Indianapolis, IN 46268-5717 | IN | 2015-03 | $0 |
| 15 | Daleville Jr-Sr High School Music Boosters | 6091 S County Road 700 W, Yorktown, IN 47396-9714 | IN | 2002-08 | $0 |
| 16 | Fishers Arts Council Inc | 1 Municiple Drive, Fishers, IN 46038 | IN | 2007-04 | $0 |
| 17 | Gary Police Foundation Inc | 1734 Hendricks Street, Gary, IN 46404 | IN | 2014-11 | $0 |
| 18 | Haunts Of Hidden River Inc, Feargrounds Haunted House | Po Box 13, Brownsburg, IN 46112 | IN | 2011-06 | $0 |
| 19 | Hoosier Youth Philharmonic Parent Association | 5935 E State Road 45, Bloomington, IN 47408 | IN | 2000-05 | $0 |
| 20 | Logansport Community School Corporation | 2829 George Street, Logansport, IN 46947 | IN | 1976-01 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 858 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization representatives - add corrected or new information about Barden Gary Foundation »
Non-representatives - add comments about Barden Gary Foundation»