Salmen Family Foundation in Mandeville, Louisiana (LA)

Salmen Family Foundation
Employer Identification Number (EIN)	726027566
Name of Organization	Salmen Family Foundation
Address	645 N Beau Chene Dr Apt 5, Mandeville, LA 70471-7108
Activities	Other school related activities, Gifts, grants, or loans to other organizations, Other religious activities
Subsection	Charitable Organization, Educational Organization, Religious Organization
Ruling Date	04/1962
Deductibility	Contributions are deductible
Foundation	Private non-operating foundation
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	03/2014
Assets	$1,000,000 to $4,999,999
Income	$1,000,000 to $4,999,999
Filing Requirement	990 - Not required to file (all other)
Asset Amount	$2,913,407
Amount of Income	$1,016,528
Form 990 Revenue Amount	$455,080

Non-representatives - add comments:

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Expenses for 2014

	Revenue and expenses per books	Net investment income	Adjusted net income	Disbursements for charitable purposes (cash basis only)
Analysis of Revenue and Expenses (for 2014)
Total revenue	$339,832	$339,832	$0
Contributions, gifts, grants, etc., received	$0
Interest on savings and temporary cash investments	$0
Dividends and interest from securities	$72,069
Gross rents	$0
Gross sales price for all assets	$944,459
Gross profit from sales of goods	$0
Other income	$0
Other	$267,763
Total expenses and disbursements	$289,826	$22,046	$0	$240,553
Compensation of officers, directors, trustees, etc.	$0
Pension plans, employee benefits	$0
Legal fees	$0
Accounting fees	$15,416
Interest	$0
Depreciation	$0
Occupancy	$0
Travel, conferences, and meetings	$0
Printing and publications	$0
Total operating and administrative expenses	$65,826	$22,046		$16,553
Contributions, gifts, grants paid	$224,000
Excess of revenue over expenses and disbursements	$50,006
Net investment income		$317,786
Adjusted net income			$0

	2012		2013		2014
Balance Sheets
	Book Value	Fair Market Value	Book Value	Fair Market Value	Book Value	Fair Market Value
Total assets	$2,424,361	$3,507,191	$2,863,401	$3,940,950	$2,913,407	$4,436,875
Cash - non-interest-bearing	$36,543		$79,403		$31,517
Investments-U.S. and state government obligations	$0		$0		$0
Investments-corporate stock	$2,205,454		$2,633,011		$2,814,552
Investments-corporate bonds	$0		$0		$0
Investments-mortgage loans	$0		$0		$0
Investments-other	$0		$0		$0
Other assets			$0		$0
Total liabilities	$1		$1		$1
Mortgages and other notes payable	$0		$0		$0
Other liabilities			$0		$0
Total liabilities and net assets/fund balances	$2,424,361		$2,863,401		$2,913,407

	2012	2013	2014
Capital Gains and Losses for Tax on Investment Income
Capital gain net income	$419,618	$525,894	$267,763
Net capital loss	$0	$0	$0

	2012	2013	2014
Excise Tax Based on Investment Income
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)	No	No	No
Tax based on investment income	$8,773	$11,058	$3,178
Total credits and payments	$0	$8,800	$11,080
Current year estimated tax payments and previous year's overpayment credited to current year	$0	$8,800	$11,080
Exempt foreign organizations-tax withheld at source	$0	$0	$0
Tax paid with application for extension of time to file (Form 8868)	$0	$0	$0
Backup withholding erroneously withheld	$0	$0	$0
Any penalty for underpayment of estimated tax	$155	$0	$0
Tax due		$2,258	$0
Overpayment		$0	$7,902
Amount to be credited to next year's estimated tax	$0	$0	$7,902

	2012	2013	2014
Statements Regarding Activities
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	No	No
Has the foundation engaged in any activities that have not previously been reported to the IRS?		No	No
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?		No	No
Has the foundation filed a tax return on Form 990-T for this year?		No	No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?	No	No	No
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?		Yes	Yes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?	No	No	No
Did any persons become substantial contributors during the tax year?		No	No
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?		No	No
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?		Yes	Yes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041		No	No

	2012	2013	2014
Statements Regarding Activities for Which Form 4720 May Be Required
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	No	No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?	No	No	No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?	No	No	No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?	No	No	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	No	No
Agree to pay money or property to a government official?	No	No	No
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?		No	No
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?		No	No
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?	No	Yes	No
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?		Yes	No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?	No	No	No
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?	No	No	No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?	No	No	No
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?		No	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	No	No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?	No	No	No
Provide a grant to an individual for travel, study, or other similar purposes?	No	No	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	No	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	No	No
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?		No	No
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No

	2012	2013	2014
Minimum Investment Return
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes	$3,289,045	$3,631,954	$4,398,425
Net value of noncharitable-use assets		$3,577,475	$4,332,449
Minimum investment return	$161,985	$178,874	$216,622

	2012	2013	2014
Distributable Amount
Distributable amount	$153,212	$167,816	$213,444

	2012	2013	2014
Undistributed Income
Distributable amount for this year	$153,212	$167,816	$213,444
Undistributed income for this year. This amount must be distributed in the next year	$137,458	$167,816	$179,670

	2014	2013	2012	2011	Total
Private Operating Foundations (for 2011 - 2014)
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

Supplementary Information (for 2014)
Grants approved for future payment	$0

	Amount	Related or exempt function income
Analysis of Income-Producing Activities (for 2014)
Program service revenue
Fees and contracts from government agencies	$0	$0
Membership dues and assessments	$0	$0
Interest on savings and temporary cash investments	$0	$0
Dividends and interest from securities	$72,069	$0

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2014)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
Cash	No
Other assets	No
Other transactions:
Sales of assets to a noncharitable exempt organization	No
Purchases of assets from a noncharitable exempt organization	No
Rental of facilities, equipment, or other assets	No
Reimbursement arrangements	No
Loans or loan guarantees	No
Performance of services or membership or fundraising solicitations	No
Sharing of facilities, equipment, mailing lists, other assets, or paid employees	No

Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review

Would you recommend Salmen Family Foundation to others? (optional)

Yes

Add photo of Salmen Family Foundation (optional)

About You

Your nickname:
I have read, and agree to the Terms of Service

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

	Log in» \| Register - it's free and very quick!
Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
	Show my IP address (18.116.14.xxx) to everybody
	Leave your signature» Clear Make my signature public

Recently Added Reviews
Sonny S Mancave in Mandeville, LA
Mystic Krewe Of Nyx in New Orleans, LA
Wilson Global Initiative in Baton Rouge, LA
Iglesia De Dios Ministerial De Jesucristo International Inc in Kenner, LA
Decolores Adoptions International in Lake Charles, LA
Cadav Inc in Baton Rouge, LA
Nola Project in New Orleans, LA
Order Of The Eastern Star Of Louisiana in Jonesboro, LA
Ozanam Inn in New Orleans, LA
Voice Of Truth Ministries, Voice Of Truth Ministires Voice Of Truth Fellowship Church in Laplace, LA

Recently Added Reviews

Sonny S Mancave in Mandeville, LA

Mystic Krewe Of Nyx in New Orleans, LA

Wilson Global Initiative in Baton Rouge, LA

Iglesia De Dios Ministerial De Jesucristo International Inc in Kenner, LA

Decolores Adoptions International in Lake Charles, LA

Cadav Inc in Baton Rouge, LA

Nola Project in New Orleans, LA

Order Of The Eastern Star Of Louisiana in Jonesboro, LA

Ozanam Inn in New Orleans, LA

Voice Of Truth Ministries, Voice Of Truth Ministires Voice Of Truth Fellowship Church in Laplace, LA

Id	Name	Address	State	Established	Total Income
Other organizations in Louisiana
1	Safety Net For Abused Persons Inc	PO BOX 10207, New Iberia, LA 70562-0207	LA	1987-09	$413,371
2	Safety Net Inc	821 Main St, Baton Rouge, LA 70802-5529	LA	1990-05	$566,813
3	Saint Elizabeth Foundation	8054 Summa Ave Ste A, Baton Rouge, LA 70809-3413	LA	1988-10	$830,478
4	Saint Gabriel Eastern Orthodox Mission Of Lafayette	1237 Eraste Landry Rd, Lafayette, LA 70506-3045	LA	1962-12	$109,557
5	Saint Helena Congregate Facility Ii Incorporated	PO BOX 1281, Crowley, LA 70527-1281	LA	1997-07	$316,047
6	Saints Board Of Realtors	PO BOX 1058, Laplace, LA 70069-1058	LA	1991-04	$29,451
7	Saints Hall Of Fame Inc 409 Williams Blvd	4214 Saint Elizabeth Dr, Kenner, LA 70065-1645	LA	1990-08	$125,128
8	Salem Hunting Club Inc	225 John Barnes Road, Calhoun, LA 71225	LA	1984-08	$63,820
9	Sales & Marketing Executives Of Baton Rouge Inc	PO BOX 14806, Baton Rouge, LA 70898-4806	LA	1966-06	$24,463
10	Sales & Marketing Executives Of Greater Baton Rouge Inc	PO BOX 84401, Baton Rouge, LA 70884-4401	LA	2009-03	$61,165
11	Salmen Family Foundation	645 N Beau Chene Dr Apt 5, Mandeville, LA 70471-7108	LA	1962-04	$1,016,528
12	Salmon Foundation	3048 Miller Rd, Jackson, LA 70748-3411	LA	1995-06	$2,191
13	Salon National Laboutique Des Huit Chapeaux Et Quarante Femmes, 535 Jefferson Salon	179 Danny Dr, New Orleans, LA 70131-1903	LA	1950-06	$794
14	Salutare Deum Foundation	817 Hickory Ave, Harahan, LA 70123-3110	LA	2008-03	$662,284
15	Salvation Manor Inc	62700 La Hwy 1091, Pearl River, LA 70452	LA	2001-05	$69,690
16	Sam & Ida Sklar Foundation	330 Marshall St Ste 300, Shreveport, LA 71101-3025	LA	1961-09	$18,082
17	Samaritan Counseling Center Inc	1525 Stephens Ave, Shreveport, LA 71101-4705	LA	1985-04	$478,696
18	Samaritan Counseling Center Of Imperial Calcasieu Inc	311 E School St, Lake Charles, LA 70605-1722	LA	1989-02	$195,307
19	Samaritan International Inc	2751 Albert Bicknell Dr No 3a, Shreveport, LA 71103	LA	1999-03	$2,500
20	San Francisco Plantation	PO BOX 950, Garyville, LA 70051-0950	LA	1975-09	$750,821

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Salmen Family Foundation and has no official or unofficial affiliation with Salmen Family Foundation