Lydia & Paul Stern Music Appreciation Trust in Muncie, 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
| Lydia & Paul Stern Music Appreciation Trust | |
| Employer Identification Number (EIN) | 376209817 |
| Name of Organization | Lydia & Paul Stern Music Appreciation Trust |
| In Care of Name | Old National Trust Co |
| Address | 320 S High St, Muncie, IN 47305-2325 |
| Subsection | Charitable Organization |
| Ruling Date | 06/2000 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Tax Period | 12/2012 |
| Assets | $25,000 to $99,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $56,572 |
| Amount of Income | $18,170 |
| Form 990 Revenue Amount | $2,789 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2012: $18,170 (it was $2,789 in 2011)
| Lydia & Paul Stern Music Appreciation Trust: | $18,170 |
| Other organizations performing similar types of work: | $87,224 |
Assets in 2012: $56,572 (it was $57,385 in 2011)
| Lydia & Paul Stern Music Appreciation Trust: | $56,572 |
| Other organizations performing similar types of work: | $49,265 |
Expenses in 2012: $3,564
| Lydia & Paul Stern Music Appreciation Trust: | $3,564 |
| Other organizations performing similar types of work: | $62,660 |
Income to expenses ratio in 2012: 5.1
| Lydia & Paul Stern Music Appreciation Trust: | 5.1 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2012: 0.0%
| Lydia & Paul Stern Music Appreciation Trust: | 0.0% |
| Other organizations performing similar types of work: | 17.1% |
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 | $2,750 | $2,735 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $1,307 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $1,443 | |||
| Total expenses and disbursements | $3,564 | $839 | $0 | $2,663 |
| Compensation of officers, directors, trustees, etc. | $930 | |||
| Total operating and administrative expenses | $1,834 | $839 | $933 | |
| Contributions, gifts, grants paid | $1,730 | |||
| Excess of revenue over expenses and disbursements | $-814 | |||
| Net investment income | $1,896 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $56,572 | $62,962 |
| 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 | $56,572 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $56,572 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $1,443 |
| 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 | $38 |
| 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 | $2 |
| Amount to be credited to 2013 estimated tax | $2 |
| 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 | $62,156 |
| Net value of noncharitable-use assets | $61,220 |
| Minimum investment return | $3,061 |
| Distributable Amount (for 2012) | |
| Distributable amount | $3,023 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $3,023 |
| 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 | Toledo Orchestra Association Inc | PO BOX 407, Toledo, OH 43697-0407 | OH | 1952-01 | $8,505,907 |
| 2 | Seattle Repertory Theatre Foundation | PO BOX 900923, Seattle, WA 98109-9723 | WA | 1996-07 | $6,115,566 |
| 3 | Maltz Jupiter Theatre Endowment | 1001 E Indiantown Rd, Jupiter, FL 33477-5110 | FL | 2011-06 | $5,391,942 |
| 4 | Adrienne Arsht Center Foundation Inc | 1300 Biscayne Boulevard, Miami, FL 33132 | FL | 2008-08 | $4,486,757 |
| 5 | The Miami Music Association Inc | 1444 Biscayne Blvd, Miami, FL 33132-1430 | FL | 2008-03 | $3,238,593 |
| 6 | Southwest Florida Symphony Endowment Foundation Inc | 12480 Brantley Commons Court, Fort Myers, FL 33907-5674 | FL | 2002-08 | $2,025,281 |
| 7 | Dallas Arts Development Corp, Sammons Center Endowment Corporation | 3630 Harry Hines Blvd, Dallas, TX 75219 | TX | 2004-06 | $1,896,580 |
| 8 | Josef Gingold Fund For The International Violin Competition O | 32 E Washington St Ste 1320, Indianapolis, IN 46204-3562 | IN | 1985-07 | $1,181,255 |
| 9 | Western Stage Auxiliary Corporation | 156 Homestead Ave, Salinas, CA 93901-1628 | CA | 1992-06 | $1,006,115 |
| 10 | Trinity Booster Club | 747 N Church Rd Ste B1, Elmhurst, IL 60126-1440 | IL | 1998-05 | $863,980 |
| 11 | Lafayette Symphony Foundation | PO BOX 1225, Lafayette, IN 47902-1225 | IN | 1999-09 | $853,263 |
| 12 | West Virginia Symphony Orchestra Foundation Inc | PO BOX 2292, Charleston, WV 25328-2292 | WV | 2009-01 | $569,010 |
| 13 | Seattle Girls Choir Guild | PO BOX 22388, Seattle, WA 98122-0388 | WA | 1982-12 | $428,316 |
| 14 | Southaven Band Boosters Inc | PO BOX 1975, Southaven, MS 38671-0023 | MS | 2005-10 | $213,984 |
| 15 | Summit High School Booster Club | 2855 Nw Clearwater Dr, Bend, OR 97701-9469 | OR | 2002-04 | $209,770 |
| 16 | The Anchorage Symphony Orchestra Endowment Foundation | 400 D St Ste 230, Anchorage, AK 99501-2342 | AK | 1999-03 | $202,056 |
| 17 | Friends Of The Pike Performing Arts Center Inc | 6701 Zionsville Rd, Indianapolis, IN 46268-2462 | IN | 2006-07 | $42,255 |
| 18 | Lydia & Paul Stern Music Appreciation Trust | 320 S High St, Muncie, IN 47305-2325 | IN | 2000-06 | $18,170 |
| 19 | Center Grove Orchestra Council | 2717 S Morgantown Rd, Greenwood, IN 46143 | IN | 2005-02 | $0 |
| 20 | Friends Of The Opera | 2132 Bunker Ln, Evansville, IN 47725-8047 | IN | 2003-05 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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