Wilbert H Budd Charitable Ta 20-102201425480 in South Bend, 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
| Wilbert H Budd Charitable Ta 20-102201425480 | |
| Employer Identification Number (EIN) | 347208340 |
| Name of Organization | Wilbert H Budd Charitable Ta 20-102201425480 |
| In Care of Name | Key Bank National Assoc Ttee |
| Address | 202 S Michigan St Trust Tax Dept, South Bend, IN 46601 |
| Subsection | Charitable Organization |
| Ruling Date | 04/2009 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $89,441 |
| Amount of Income | $147,638 |
| Form 990 Revenue Amount | $2,295 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2010: $147,638 (it was $2,295 in 2011)
| This organization: | $147,638 |
| Other organizations performing similar types of work: | $67,593 |
Assets in 2010: $89,441 (it was $44,928 in 2011)
| This organization: | $89,441 |
| Other organizations performing similar types of work: | $38,144 |
Expenses in 2011: $46,808
| Wilbert H Budd Charitable Ta 20-102201425480: | $46,808 |
| Other organizations performing similar types of work: | $42,291 |
Income to expenses ratio in 2011: 3.2
| This organization: | 3.2 |
| Other organizations performing similar types of work: | 2.4 |
Grants share in income in 2011: 0.0%
| Wilbert H Budd Charitable Ta 20-102201425480: | 0.0% |
| Other organizations performing similar types of work: | 98.6% |
Revenue for 2011
Expenses for 2011
Assets for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $2,295 | $2,295 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $13 | |||
| Dividends and interest from securities | $1,330 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $952 | |||
| Total expenses and disbursements | $46,808 | $687 | $0 | $46,036 |
| Compensation of officers, directors, trustees, etc. | $723 | |||
| Total operating and administrative expenses | $1,308 | $687 | $536 | |
| Contributions, gifts, grants paid | $45,500 | |||
| Excess of revenue over expenses and disbursements | $-44,513 | |||
| Net investment income | $1,608 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $44,928 | $44,647 |
| 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 | $39,896 | |
| Other | $5,032 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $44,928 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $952 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $16 |
| Total credits and payments | $44 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $44 |
| 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 |
| Overpayment | $28 |
| Amount to be credited to 2012 estimated tax | $16 |
| Statements Regarding Activities (for 2011) | |
| 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 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| 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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | 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 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $70,916 |
| Net value of noncharitable-use assets | $69,860 |
| Minimum investment return | $3,493 |
| Distributable Amount (for 2011) | |
| Distributable amount | $3,477 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $3,477 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | 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 | Southwest Childrens Swing For Life | 3911 E Chandler Blvd Pmb 123, Phoenix, AZ 85048 | AZ | 2007-03 | $75,238 |
| 2 | Foundation For Complex Healthcare Solutions Inc | 9465 Counselors Row Ste 200, Indianapolis, IN 46240 | IN | 2009-12 | $513,074 |
| 3 | Wilbert H Budd Charitable Ta 20-102201425480 | 202 S Michigan St Trust Tax Dept, South Bend, IN 46601 | IN | 2009-04 | $147,638 |
| 4 | Hope Ride Inc | 15310 N Lake Shore Dr N, Hope, IN 47246 | IN | 2014-04 | $115,856 |
| 5 | Exchange Club Foundation Of Anderson Inc | PO BOX 2696, Anderson, IN 46018-2696 | IN | 2001-01 | $55,747 |
| 6 | Archie F And Betty L Ferguson Private Foundation Inc | PO BOX 112, Larwill, IN 46764-0112 | IN | 2015-02 | $50,001 |
| 7 | Lous Lads Foundation Inc | 30 S Meridian St Ste 600, Indianapolis, IN 46204-3573 | IN | 2009-05 | $27,414 |
| 8 | Kokomo Wings & Wheels Inc | 3216 Emerald Pl, Kokomo, IN 46902-5670 | IN | 2014-09 | $8,274 |
| 9 | Will Of Our Father Foundation Inc | 608 Woodbridge Ct, Middlebury, IN 46540-9578 | IN | 2006-08 | $1,200 |
| 10 | Shone Fam Foundation, Robert W & Cynthia M Shone Co Ttee | 8500 Keystone Xing Ste 555, Indianapolis, IN 46240-4396 | IN | 2014-09 | $1 |
| 11 | Alan R And Charlotte V Lewis Family Foundation | 5620 N Pennsylvania St, Indianapolis, IN 46220-3026 | IN | 2014-09 | $0 |
| 12 | Brides Revisited Inc | 15121 Honors Circle, Carmel, IN 46033 | IN | 2010-01 | $0 |
| 13 | Canoes For Causes Inc | 4192 W County Road 325 S, Logansport, IN 46947-6725 | IN | 2014-12 | $0 |
| 14 | Charitys Angels | 1310 N 300 E, Anderson, IN 46012 | IN | 2004-06 | $0 |
| 15 | Culver Beard Club | 12510 5a Rd, Plymouth, IN 46563 | IN | 2015-02 | $0 |
| 16 | East Central Indiana Festivals Inc | PO BOX 244, Winchester, IN 47394 | IN | 2010-07 | $0 |
| 17 | Hope Source Foundation | 7739 E 88th St, Indianapolis, IN 46256-1231 | IN | 2013-03 | $0 |
| 18 | Hunters Helping Hunters Inc | 1695 N Main Street, Auburn, IN 46706 | IN | 2004-09 | $0 |
| 19 | I U Dons Inc | P O Box 64622, Gary, IN 46401 | IN | 2013-06 | $0 |
| 20 | Indiana Federation Of Mothers Of Twins Club Inc | Po Box 50, Burrows, IN 46916 | IN | 2011-01 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,511 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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