Virginia Kells Basso Foundation, Beaver Charlene M Et Al Ttee in Indianapolis, 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
| Virginia Kells Basso Foundation, Beaver Charlene M Et Al Ttee | |
| Employer Identification Number (EIN) | 050601767 |
| Name of Organization | Virginia Kells Basso Foundation |
| Secondary Name | Beaver Charlene M Et Al Ttee |
| In Care of Name | Charles P Ward |
| Address | 728 S Meridian St, Indianapolis, IN 46225-1212 |
| Subsection | Charitable Organization |
| Ruling Date | 02/2006 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Tax Period | 12/2012 |
| Assets | $500,000 to $999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $868,449 |
| Amount of Income | $1,199,720 |
| Form 990 Revenue Amount | $213,288 |
| National Taxonomy of Exempt Entities (NTEE) | Religion-Related, Spiritual Development: Roman Catholic |
Non-representatives - add comments:
Amount of income in 2012: $1,199,720 (it was $213,288 in 2011)
| This organization: | $1,199,720 |
| Other organizations performing similar types of work: | $65,509 |
Assets in 2012: $868,449 (it was $1,649,049 in 2011)
| Virginia Kells Basso Foundation, Beaver Charlene M Et Al Ttee: | $868,449 |
| Other organizations performing similar types of work: | $50,846 |
Expenses in 2012: $988,153
| This organization: | $988,153 |
| Other organizations performing similar types of work: | $55,616 |
Income to expenses ratio in 2012: 1.2
| Virginia Kells Basso Foundation, Beaver Charlene M Et Al Ttee: | 1.2 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2012: 0.0%
| Virginia Kells Basso Foundation, Beaver Charlene M Et Al Ttee: | 0.0% |
| Other organizations performing similar types of work: | 96.0% |
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 | $207,552 | $216,911 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $33,660 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $173,892 | |||
| Total expenses and disbursements | $988,153 | $42,614 | $0 | $941,735 |
| Compensation of officers, directors, trustees, etc. | $42,500 | |||
| Total operating and administrative expenses | $68,917 | $42,614 | $22,500 | |
| Contributions, gifts, grants paid | $919,235 | |||
| Excess of revenue over expenses and disbursements | $-780,600 | |||
| Net investment income | $174,297 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $868,449 | $995,174 |
| Cash - non-interest-bearing | $11,944 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $491,190 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $205,057 | |
| Other | $160,258 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $868,449 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $173,892 |
| 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 | $1,743 |
| Total credits and payments | $3,500 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $3,500 |
| 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 | $1,757 |
| Amount to be credited to 2013 estimated tax | $1,757 |
| 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 | $140,427 |
| Net value of noncharitable-use assets | $1,389,260 |
| Minimum investment return | $69,463 |
| Distributable Amount (for 2012) | |
| Distributable amount | $67,720 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $67,720 |
| 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 | Virginia Kells Basso Foundation, Beaver Charlene M Et Al Ttee | 728 S Meridian St, Indianapolis, IN 46225-1212 | IN | 2006-02 | $1,199,720 |
| 2 | Queen Of All Saints Endowment Trust | 515 Franklin St, Michigan City, IN 46360-3328 | IN | 2014-06 | $403,923 |
| 3 | St Josephs Holy Family Inc | 7499 Tyring Rd, Newburgh, IN 47630-8170 | IN | 2012-03 | $130,648 |
| 4 | Handmaids Of The Most Holy Trinity Inc | 23089 Adams Rd, South Bend, IN 46628-9674 | IN | 2013-04 | $36,680 |
| 5 | Catholic Professional & Business Club Diocese Of Lafayette | 726 Palmer Drive, Noblesville, IN 46062 | IN | 2005-10 | $3,870 |
| 6 | St Michael Foundation Inc | 7805 Rough Cedar Ln, Indianapolis, IN 46250-1860 | IN | 2004-06 | $1,484 |
| 7 | Back To God Movement 2000 Inc | 624 Broadway, Gary, IN 46402-2408 | IN | 2000-06 | $0 |
| 8 | Blue Army Of Our Lady Of Fatima Indianapolis Inc, Blue Army | 5413 Burgess Ave, Indianapolis, IN 46219-7107 | IN | 1999-10 | $0 |
| 9 | Bremen Catholic Mens Club Inc | 803 W Bike Street, Bremen, IN 46506 | IN | 2014-11 | $0 |
| 10 | Call To Action-Indianapolis Inc | 2222 W Peachtree Ct, Columbus, IN 47201 | IN | 2003-01 | $0 |
| 11 | Catholic Aviation Association | PO BOX 90230, Indianapolis, IN 46290 | IN | 2014-09 | $0 |
| 12 | Catholic Chapel At Marquette Manor Inc | 8140 Township Line Road, Indianapolis, IN 46260 | IN | 2010-08 | $0 |
| 13 | Compassion Temple Church Of God In Christ | 1650 E 49th St, Indianapolis, IN 46205-1316 | IN | 2003-09 | $0 |
| 14 | Ecumenical Catholic Diocese Of Saint Francis | 130 N Gardner St, Scottsburg, IN 47170-1306 | IN | 2009-05 | $0 |
| 15 | Fort Wayne South Bend Diocesan Division Blue Army Usa Inc | PO BOX 10032, Ft Wayne, IN 46850-0032 | IN | 2001-10 | $0 |
| 16 | Gary Diocesan Division-Blue Army Of Our Lady Of Fatima Inc | Po Box 3036 8725 Monroe Avenue, Munster, IN 46321 | IN | 2004-10 | $0 |
| 17 | Gods Closet Ministries Inc | 61759 Cr 11, Goshen, IN 46526 | IN | 2011-01 | $0 |
| 18 | Knights Templar Of The United States Of America | 7730 Grandview Dr, Indianapolis, IN 46260-3231 | IN | 2014-05 | $0 |
| 19 | Mt Moriah Miss Baptist Church | 735 E 20th Ave, Gary, IN 46407-2720 | IN | 2001-01 | $0 |
| 20 | New Beginnings Christian Fellowship | 11420 Middle Mt Vernon Rd, Evansville, IN 47712-8401 | IN | 2001-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,265 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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