Joel F Gemunder Foundation, Gemunder Joel F Ttee in Fernandina, Florida (FL)
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
| Joel F Gemunder Foundation, Gemunder Joel F Ttee | |
| Employer Identification Number (EIN) | 311534042 |
| Name of Organization | Joel F Gemunder Foundation |
| Secondary Name | Gemunder Joel F Ttee |
| In Care of Name | Fifth Third Bank Agent |
| Address | 35 Canvasback Rd, Fernandina, FL 32034-6623 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 10/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Tax Period | 12/2012 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $10,000,000 to $49,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $29,637,264 |
| Amount of Income | $19,449,768 |
| Form 990 Revenue Amount | $19,862,097 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2012: $19,449,768 (it was $19,862,097 in 2011)
| This organization: | $19,449,768 |
| Other organizations performing similar types of work: | $120,021 |
Assets in 2012: $29,637,264 (it was $22,022,662 in 2011)
| Joel F Gemunder Foundation, Gemunder Joel F Ttee: | $29,637,264 |
| Other organizations performing similar types of work: | $470,342 |
Expenses in 2012: $503,234
| This organization: | $503,234 |
| Other organizations performing similar types of work: | $61,754 |
Income to expenses ratio in 2012: 38.6
| This organization: | 38.6 |
| Other organizations performing similar types of work: | 2.0 |
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 | $8,881,911 | $8,877,963 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $30,899 | |||
| Dividends and interest from securities | $233,870 | |||
| Gross rents | $-2,184 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-66,216 | |||
| Other | $8,685,542 | |||
| Total expenses and disbursements | $503,234 | $44,819 | $0 | $458,415 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $61,239 | $44,819 | $16,420 | |
| Contributions, gifts, grants paid | $441,995 | |||
| Excess of revenue over expenses and disbursements | $8,378,677 | |||
| Net investment income | $8,833,144 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $29,637,264 | $30,162,272 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $6,457,643 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $3,112,396 | |
| Other | $20,067,225 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $29,637,264 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $8,685,542 |
| 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 | $176,663 |
| Total credits and payments | $186,148 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,148 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $185,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $9,485 |
| Amount to be credited to 2013 estimated tax | $9,485 |
| 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? | 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 |
| 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 | $29,968,914 |
| Net value of noncharitable-use assets | $29,519,380 |
| Minimum investment return | $1,475,969 |
| Distributable Amount (for 2012) | |
| Distributable amount | $1,299,306 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $1,299,306 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $1,214,533 |
| 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 | Taishoff Family Foundation Tr | 4085 Tamiami Trl N Ste B104, Naples, FL 34103-3724 | FL | 1996-01 | $30,254,004 |
| 2 | University Of Central Florida Research Foundation Inc | 12201 Research Pkwy Ste 501, Orlando, FL 32826-3231 | FL | 1991-12 | $6,283,345 |
| 3 | The Hinman Family Foundation, Christina G Alt Ttee | 3560 Creekview Dr, Bonita Spgs, FL 34134-2624 | FL | 1996-11 | $4,989,156 |
| 4 | Thomas M Garrott Foundation | PO BOX 1908, Orlando, FL 32802-1908 | FL | 1995-08 | $4,673,248 |
| 5 | Thomas A And Mary S James Foundation Inc | 880 Carillon Pkwy, St Petersburg, FL 33716-1102 | FL | 1995-03 | $3,519,835 |
| 6 | Welsh Family Foundation Inc | 7 Sea Ct, Vero Beach, FL 32963-3466 | FL | 1996-02 | $2,276,612 |
| 7 | Wilbur Fisk Glenn Charitable Trust | PO BOX 1908, Orlando, FL 32802-1908 | FL | 1996-01 | $1,847,773 |
| 8 | The Warren J & Mary Lou Hayford Family Foundation | 7341 Se Golfhouse Dr, Hobe Sound, FL 33455-8008 | FL | 1996-01 | $1,658,666 |
| 9 | Sidney And Jacqueline Wolgin Foundation Inc | 3226 Nw 65th St, Boca Raton, FL 33496-3398 | FL | 1995-04 | $1,587,381 |
| 10 | Sack Family Foundation | 415 Lambriance Dr Ph-D, Longboat Key, FL 34228 | FL | 1997-10 | $1,409,501 |
| 11 | Vera Cash Foundation Inc | 4627 Ponce De Leon Boulevard, Coral Gables, FL 33146-2130 | FL | 1997-07 | $1,184,236 |
| 12 | The Aspen Grove Fondation | 222 Lakeview Ave Ste 700, West Palm, FL 33401-6148 | FL | 1997-12 | $1,056,007 |
| 13 | Tillie Jennie And Harold Schawartz Foundation Inc | One South School Avenue, Sarasota, FL 34237-6014 | FL | 1996-09 | $1,005,156 |
| 14 | Sansing Foundation Inc | 6200 Pensacola Blvd, Pensacola, FL 32505-2214 | FL | 1995-05 | $1,001,004 |
| 15 | Woolard Family Foundation Inc | 107 Via Capri, Palm Bch Gdns, FL 33418-6202 | FL | 1996-12 | $879,796 |
| 16 | Snyder Charitable Tr, Donovan William F Ttee | 2222 Colonial Road, Fort Pierce, FL 34950-5309 | FL | 1995-12 | $851,166 |
| 17 | Stewart Family Foundation Inc | 1900 Summit Tower Blvd, Orlando, FL 32810-5939 | FL | 1998-10 | $810,655 |
| 18 | The Manuel And Mary Johnson Foundation | 10045 Renfrew Ave, Vero Beach, FL 32963-4917 | FL | 1995-02 | $800,060 |
| 19 | Sequoia Foundation For Achievement In Arts And Education Inc | 1172 South Dixie Hwy 628, Coral Gables, FL 33146-2918 | FL | 1996-05 | $734,697 |
| 20 | St Stephens Episcopal School Endowment Fund Tr | 315 41st St W, Bradenton, FL 34209-2943 | FL | 1997-08 | $552,053 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,744 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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