Charles M Smith Md Foundation in Lake Charles, Louisiana (LA)
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
| Charles M Smith Md Foundation | |
| Employer Identification Number (EIN) | 721393824 |
| Name of Organization | Charles M Smith Md Foundation |
| In Care of Name | Kendall A Broussard Cpa |
| Address | 127 W Broad St Ste 800, Lake Charles, LA 70601-4291 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 12/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2011 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $27,255 |
| Amount of Income | $589 |
| Form 990 Revenue Amount | $589 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Public Foundations |
Non-representatives - add comments:
Amount of income in 2011: $589 (it was $20,135 in 2010)
| Charles M Smith Md Foundation: | $589 |
| Other organizations performing similar types of work: | $124,396 |
Assets in 2011: $27,255 (it was $27,189 in 2010)
| Charles M Smith Md Foundation: | $27,255 |
| Other organizations performing similar types of work: | $313,863 |
Expenses in 2011: $553
| Charles M Smith Md Foundation: | $553 |
| Other organizations performing similar types of work: | $64,100 |
Income to expenses ratio in 2011: 1.1
| Charles M Smith Md Foundation: | 1.1 |
| Other organizations performing similar types of work: | 1.5 |
Grants share in income in 2011: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 0.6% |
Revenue 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 | $589 | $589 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $546 | |||
| Dividends and interest from securities | $43 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $553 | $0 | $0 | $0 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $553 | $0 | $0 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $36 | |||
| Net investment income | $589 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $27,255 | $25,533 |
| Cash - non-interest-bearing | $23,609 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $3,642 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $4 | |
| Total liabilities | $30 | |
| Mortgages and other notes payable | $0 | |
| Other | $30 | |
| Total liabilities and net assets/fund balances | $27,225 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| 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 | $12 |
| Total credits and payments | $12 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $0 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $12 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Amount to be credited to 2012 estimated tax | $0 |
| 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? | 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 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 | $25,410 |
| Net value of noncharitable-use assets | $25,020 |
| Minimum investment return | $1,251 |
| Distributable Amount (for 2011) | |
| Distributable amount | $1,239 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $1,239 |
| 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 | Tony Patino Fellowship Trust 783352 | PO BOX 1297, New York, NY 10008-1297 | NY | 1997-10 | $1,573,984 |
| 2 | Pakis Family Foundation | 2201 E Camelback Rd Ste 405b, Phoenix, AZ 85016-3431 | AZ | 1997-02 | $27,278,652 |
| 3 | Hospice Foundation Of Acadiana | 2600 Johnston Street, Lafayette, LA 70503-3269 | LA | 1997-03 | $521,325 |
| 4 | Halloweens In New Orleans Inc | PO BOX 52171, New Orleans, LA 70152-2171 | LA | 1992-02 | $328,541 |
| 5 | Louisiana Philharmonic Orchestra Endowment Trust | 1055 St Charles Avenue No 100, New Orleans, LA 70130-3981 | LA | 1998-10 | $206,117 |
| 6 | Love Inc | PO BOX 61028, Lafayette, LA 70596 | LA | 1993-04 | $81,630 |
| 7 | Maecenas Society | 1601 Viking Dr, Shreveport, LA 71101 | LA | 1996-03 | $80,836 |
| 8 | The Marie Lahasky Foundation | 714 W Lastie St, Erath, LA 70533-3210 | LA | 1995-06 | $68,704 |
| 9 | The Lafayette Public Library Foundation | PO BOX 53024, Lafayette, LA 70505-3024 | LA | 1993-11 | $27,514 |
| 10 | Salmon Foundation | 3048 Miller Rd, Jackson, LA 70748-3411 | LA | 1995-06 | $2,191 |
| 11 | Virginia Miniex And Margo St Julian Simien Memorial Scholarship Fund | 104 Rue Iberville, Lafayette, LA 70508-3250 | LA | 1996-12 | $1,593 |
| 12 | Charles M Smith Md Foundation | 127 W Broad St Ste 800, Lake Charles, LA 70601-4291 | LA | 1998-12 | $589 |
| 13 | Reach-Out International Inc | 10447 Barring Foreman Rd, Baton Rouge, LA 70816 | LA | 1998-06 | $50 |
| 14 | Childcare Assistance Programs Inc | PO BOX 80648, Baton Rouge, LA 70898-0648 | LA | 1991-11 | $0 |
| 15 | Friends Of The Oakley Plantation Inc, Friends Of The Oakley Platation Inc | PO BOX 610, Saint Francisville, LA 70775 | LA | 1991-04 | $0 |
| 16 | Harvest Of Thanks Inc | PO BOX 636, Golden Meadow, LA 70357-0636 | LA | 1996-02 | $0 |
| 17 | Nami Baton Rouge | 5335 Elm Grove Road, Port Allen, LA 70767 | LA | 1991-08 | $0 |
| 18 | Past District Officers Greater New Orleans Kiwanis Foundation | 2324 Severn Ave Ste A, Metaire, LA 70001-6944 | LA | 1995-08 | $0 |
| 19 | Slidell Memorial Health Foundation Inc | 1001 Gause Blvd, Slidell, LA 70458-2939 | LA | 1991-09 | $0 |
| 20 | Worldwide Children Relief Fund Inc | PO BOX 83653, Baton Rouge, LA 70884-3653 | LA | 1996-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,101 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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