Joseph & Luella Abell Charitable Tr in Seymour, Indiana (IN)

Joseph & Luella Abell Charitable Tr
Employer Identification Number (EIN)	326009792
Name of Organization	Joseph & Luella Abell Charitable Tr
In Care of Name	Jackson County Bank Trust Dept
Address	PO BOX 1001, Seymour, IN 47274-1001
Subsection	Charitable Organization
Ruling Date	06/2004
Deductibility	Contributions are deductible
Foundation	Private non-operating foundation
Organization	Trust
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2013
Assets	$1,000,000 to $4,999,999
Income	$10,000 to $24,999
Filing Requirement	990 - Not required to file (all other)
Asset Amount	$1,014,945
Amount of Income	$14,251
Form 990 Revenue Amount	$22,258
National Taxonomy of Exempt Entities (NTEE)	Educational Institutions and Related Activities: Higher Education Institutions

Non-representatives - add comments:

Amount of income in 2013: $14,251 (it was $18,992 in 2012)

Joseph & Luella Abell Charitable Tr:	$14,251
Other organizations performing similar types of work:	$185,466

Assets in 2013: $1,014,945 (it was $1,057,806 in 2012)

Joseph & Luella Abell Charitable Tr:	$1,014,945
Other organizations performing similar types of work:	$121,224

Expenses in 2013: $57,112

This organization:	$57,112
Other organizations performing similar types of work:	$236,140

Income to expenses ratio in 2013: 0.2

Joseph & Luella Abell Charitable Tr:	0.2
Other organizations performing similar types of work:	1.1

Grants share in income in 2013: 0.0%

This organization:	0.0%
Other organizations performing similar types of work:	0.1%

Financial snapshot ($)

Expenses for 2013

	Revenue and expenses per books	Net investment income	Adjusted net income	Disbursements for charitable purposes (cash basis only)
Analysis of Revenue and Expenses (for 2013)
Total revenue	$14,251	$14,251	$0
Contributions, gifts, grants, etc., received	$0
Interest on savings and temporary cash investments	$14,251
Dividends and interest from securities	$0
Gross rents	$0
Gross sales price for all assets	$0
Gross profit from sales of goods	$0
Other income	$0
Total expenses and disbursements	$57,112	$2,263	$0	$54,322
Compensation of officers, directors, trustees, etc.	$11,315
Pension plans, employee benefits	$0
Legal fees	$0
Accounting fees	$640
Interest	$0
Depreciation	$0
Occupancy	$0
Travel, conferences, and meetings	$0
Printing and publications	$0
Total operating and administrative expenses	$12,482	$2,263		$9,692
Contributions, gifts, grants paid	$44,630
Excess of revenue over expenses and disbursements	$-42,861
Net investment income		$11,988
Adjusted net income			$0

	2011		2012		2013
Balance Sheets
	Book Value	Fair Market Value	Book Value	Fair Market Value	Book Value	Fair Market Value
Total assets	$1,093,079	$1,093,079	$1,057,806	$1,057,806	$1,014,945	$1,014,945
Cash - non-interest-bearing	$0		$0		$0
Investments-U.S. and state government obligations	$0		$0		$0
Investments-corporate stock	$0		$0		$0
Investments-corporate bonds	$0		$0		$0
Investments-mortgage loans	$0		$0		$0
Investments-other	$0		$0		$0
Other assets			$0		$0
Total liabilities	$1		$1		$1
Mortgages and other notes payable	$0		$0		$0
Other liabilities			$0		$0
Total liabilities and net assets/fund balances	$1,093,079		$1,057,806		$1,014,945

	2011	2012	2013
Capital Gains and Losses for Tax on Investment Income
Capital gain net income	$0	$0	$0
Net capital loss	$0	$0	$0

	2011	2012	2013
Excise Tax Based on Investment Income
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)	No	No	No
Tax based on investment income	$199	$327	$120
Total credits and payments	$720	$200	$400
Current year estimated tax payments and previous year's overpayment credited to current year	$720	$200	$400
Exempt foreign organizations-tax withheld at source	$0	$0	$0
Tax paid with application for extension of time to file (Form 8868)	$0	$0	$0
Backup withholding erroneously withheld	$0	$0	$0
Any penalty for underpayment of estimated tax	$0	$0	$0
Tax due		$127	$0
Overpayment		$0	$280
Amount to be credited to next year's estimated tax	$200	$0	$280

	2011	2012	2013
Statements Regarding Activities
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	No	No
Has the foundation engaged in any activities that have not previously been reported to the IRS?		No	No
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?		No	No
Has the foundation filed a tax return on Form 990-T for this year?		No	No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?	No	No	No
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?		Yes	Yes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?	No	No	No
Did any persons become substantial contributors during the tax year?		No	No
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?		No	No
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?		Yes	Yes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041		No	No

	2011	2012	2013
Statements Regarding Activities for Which Form 4720 May Be Required
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	No	No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?	No	No	No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?	No	No	No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?	No	No	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	No	No
Agree to pay money or property to a government official?	No	No	No
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?		No	No
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?		No	No
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?	No	No	No
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?		No	No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?	No	No	No
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?	No	No	No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?	No	No	No
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?		No	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	No	No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?	No	No	No
Provide a grant to an individual for travel, study, or other similar purposes?	Yes	Yes	Yes
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	No	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	No	No
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?		No	No
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No

	2011	2012	2013
Minimum Investment Return
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes	$1,109,968	$1,072,456	$1,033,263
Net value of noncharitable-use assets		$1,056,369	$1,017,764
Minimum investment return	$54,666	$52,818	$50,888

	2011	2012	2013
Distributable Amount
Distributable amount	$54,467	$52,491	$50,768

	2011	2012	2013
Undistributed Income
Distributable amount for this year	$54,467	$52,491	$50,768
Undistributed income for this year. This amount must be distributed in the next year	$43,958	$44,517	$40,963

	2013	2012	2011	2010	Total
Private Operating Foundations (for 2010 - 2013)
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

Supplementary Information (for 2013)
Grants approved for future payment	$0

	Amount	Related or exempt function income
Analysis of Income-Producing Activities (for 2013)
Program service revenue
Fees and contracts from government agencies	$0	$0
Membership dues and assessments	$0	$0
Interest on savings and temporary cash investments	$14,251	$0
Dividends and interest from securities	$0	$0

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
Cash	No
Other assets	No
Other transactions:
Sales of assets to a noncharitable exempt organization	No
Purchases of assets from a noncharitable exempt organization	No
Rental of facilities, equipment, or other assets	No
Reimbursement arrangements	No
Loans or loan guarantees	No
Performance of services or membership or fundraising solicitations	No
Sharing of facilities, equipment, mailing lists, other assets, or paid employees	No

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	University College Of Chapman University	One University Drive, Orange, CA 92866	CA	2008-02	$101,051,649
2	Charles Koch Institute	1515 N Courthouse Rd Ste 200, Arlington, VA 22201-2915	VA	2011-08	$52,029,075
3	University Of The Nations Inc, Youth With A Mission	75-5851 Kaukini Hwy 433, Kailua Kona, HI 96740	HI	1985-11	$24,871,426
4	Relay School Of Education, Relay Graduate School Of Education	40w 20th Street 6th Floor, New York, NY 10011	NY	2011-09	$21,780,728
5	Seiu Healthcare Northwest Training Partnership	215 Columbia Street Suite 300, Seattle, WA 98104-1511	WA	2009-09	$21,137,787
6	Edp University Of Pr Inc	PO BOX 192303, San Juan	international	2009-07	$19,021,478
7	Lincoln Christian University	100 Campus View Dr, Lincoln, IL 62656-2111	IL	1948-12	$15,529,037
8	Benjamin Franklin Institute Of Technology, Franklin Foundation	41 Berkeley St, Boston, MA 02116-6307	MA	2012-11	$11,299,651
9	University Of Maryland Orthopaedic Associates P A	250 W Pratt St Ste 901, Baltimore, MD 21201-6808	MD	1999-06	$10,624,972
10	Southside Virginia Higher Education Center	820 Bruce St, South Boston, VA 24592-3815	VA	2012-06	$7,473,584
11	Christel House Academy Inc	10 West Market Street, Indianapolis, IN 46204-2954	IN	2002-09	$5,056,410
12	The Institute For The Psychological Sciences Inc	2001 Jefferson Davis Hwy Ste 511, Arlington, VA 22202-3609	VA	1999-07	$4,961,529
13	Btfri Inc	PO BOX 500, Bloomington, IN 47402-0500	IN	1995-01	$23,545
14	Summit University Inc	807 W Lowell Ave, Mishawaka, IN 46545-5547	IN	2005-06	$19,086
15	Joseph & Luella Abell Charitable Tr	PO BOX 1001, Seymour, IN 47274-1001	IN	2004-06	$14,251
16	Aspire Decatur County Inc	486 S County Road 450 W, Greensburg, IN 47240-7585	IN	2014-06	$0
17	Candace D Tyler Memorial Scholarchip Fund Inc	1050 Eaton Street, Hammond, IN 46320	IN	1999-01	$0
18	Indiana Beekeeping School Inc	7057 Bluffwood Ct, Brownsburg, IN 46112	IN	2007-03	$0
19	Indiana Residents Hall Organization	415 Porto Allegre St, Indianapolis, IN 46202	IN	1999-06	$0
20	Northwest Indiana Healthcare Information Management Association	PO BOX 10458, Merrillville, IN 46411	IN	2014-09	$0

Number of organizations performing similar types of work

Alaska	1
Alabama	4
Arkansas	6
Arizona	12
California	73
Colorado	15
Connecticut	5
District of Columbia	5
Delaware	1
Florida	29
Georgia	16
Hawaii	11
Iowa	1
Idaho	8
Illinois	20
Indiana	9
Kansas	5
Kentucky	4
Louisiana	5
Massachusetts	13
Maryland	10
Maine	7
Michigan	13
Minnesota	10
Missouri	5

Mississippi	1
North Carolina	14
North Dakota	1
Nebraska	3
New Hampshire	5
New Jersey	11
New Mexico	3
Nevada	9
New York	27
Ohio	12
Oklahoma	8
Oregon	8
Pennsylvania	20
Rhode Island	2
South Carolina	3
Tennessee	6
Texas	28
Utah	4
Virginia	23
Vermont	3
Washington	14
Wisconsin	4
West Virginia	2
International	8

Total

507

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