Paul And Edith Babson Foundation in Wilmington, Delaware (DE)
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
- Other organizations in Delaware
| Paul And Edith Babson Foundation | |
| Employer Identification Number (EIN) | 046037891 |
| Name of Organization | Paul And Edith Babson Foundation |
| In Care of Name | Wilmington Trust 106846-000 |
| Address | 1100 North Market St, Wilmington, DE 19890-1100 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 05/1960 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $5,497,247 |
| Amount of Income | $1,866,196 |
| Form 990 Revenue Amount | $309,877 |
Non-representatives - add comments:
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 | $327,225 | $330,647 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $330,647 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $624,446 | $15,847 | $0 | $602,297 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $37,730 | $15,847 | $15,581 | |
| Contributions, gifts, grants paid | $586,716 | |||
| Excess of revenue over expenses and disbursements | $-297,221 | |||
| Net investment income | $314,800 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $8,089,138 | $14,739,598 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $1,901,969 | |
| Investments-corporate stock | $2,634,079 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $3,553,090 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $8,089,138 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-3,422 |
| 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 | $3,148 |
| Total credits and payments | $6,028 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $6,028 |
| 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 | $2,880 |
| Amount to be credited to 2013 estimated tax | $2,880 |
| 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 | $11,189,785 |
| Net value of noncharitable-use assets | $11,021,940 |
| Minimum investment return | $551,097 |
| Distributable Amount (for 2012) | |
| Distributable amount | $547,949 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $547,949 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $22,259 |
| 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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| Other organizations in Delaware | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Phyllis M Coors Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 1999-08 | $280,447 |
| 2 | Pi Chi Omega Incorporated | PO BOX 8149, Wilmington, DE 19803-8149 | DE | 1976-08 | $42,568 |
| 3 | Pi Kappa Alpha Fraternity, Delaware Alumni Association | PO BOX 805, Newark, DE 19715-0805 | DE | 1941-03 | $1,780 |
| 4 | Pi Kappa Alpha Fraternity, Delta Eta Chapter | 104 Pike Way, Newark, DE 19711-5314 | DE | 1941-03 | $30,282 |
| 5 | Piedmont Little League Inc | PO BOX 425, Hockessin, DE 19707-0425 | DE | 1980-06 | $304,608 |
| 6 | Pilipino American Association Of Delaware | PO BOX 9875, Newark, DE 19714-4975 | DE | 2004-06 | $23,234 |
| 7 | Pilot School Inc | 100 Garden Of Eden Rd, Wilmington, DE 19803-1504 | DE | 1958-08 | $9,635,105 |
| 8 | Pinkerton Foundation | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 1995-03 | $1,218,805 |
| 9 | Patterson Family Foundation Inc | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 1995-03 | $1,670,550 |
| 10 | Patterson-Barclay Memorial Foundation Inc | Foundation Source 501 Silverside Rd, Wilmington, DE 19809 | DE | 1957-11 | $9,715,232 |
| 11 | Paul And Edith Babson Foundation | 1100 North Market St, Wilmington, DE 19890-1100 | DE | 1960-05 | $1,866,196 |
| 12 | Parstem Realty Company Inc | 500 Stanton Christiana Rd, Newark, DE 19713-2105 | DE | 1967-08 | $246,740 |
| 13 | Paul T And Aili R Jeffries Foundation | 200 Bellevue Pkwy Ste 220, Wilmington, DE 19809-3727 | DE | 1998-11 | $693,732 |
| 14 | Prentice Foundation Inc | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 | DE | 1994-08 | $6,863,856 |
| 15 | Planet Heritage Foundation Inc | 501 Silverside Rd Ste 123, Wilmington, DE 19809-1377 | DE | 2009-04 | $2,515,207 |
| 16 | Planned Parenthood Of Delaware Inc | 625 N Shipley St, Wilmington, DE 19801 | DE | 1949-10 | $5,631,570 |
| 17 | Plectra Music Inc | 1205 N Orange St, Wilmington, DE 19801-1120 | DE | 2002-02 | $150,348 |
| 18 | Plumbers & Pipefitters Local Union 74 Join Apprenticeship Com | 201 Executive Dr, Newark, DE 19702-3316 | DE | 1968-12 | $752,578 |
| 19 | Plumbers And Pipefitters Local Union No 782 Joint Apprenticeship | 26705 Sussex Higway, Seaford, DE 19973 | DE | 1998-07 | $27,088 |
| 20 | Plumbing Heating Cooling Contractors Association Of Delawar | 31 Blevins Dr Ste B, New Castle, DE 19720-4170 | DE | 1967-03 | $61,820 |
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