Betty Huse M D Charitable Foundation in Baltimore, Maryland (MD)

Betty Huse M D Charitable Foundation
Employer Identification Number (EIN)	522307494
Name of Organization	Betty Huse M D Charitable Foundation
In Care of Name	Howard R Simpson
Address	6 Upland Rd Ste Apt S-3, Baltimore, MD 21210-2247
Subsection	Charitable Organization
Ruling Date	11/2001
Deductibility	Contributions are not deductible
Foundation	Private non-operating foundation
Organization	Trust
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2013
Assets	$1,000,000 to $4,999,999
Income	$25,000 to $99,999
Filing Requirement	990 - Not required to file (all other)
Asset Amount	$1,390,445
Amount of Income	$69,149
Form 990 Revenue Amount	$62,277
National Taxonomy of Exempt Entities (NTEE)	Environmental Quality, Protection and Beautification: Fund Raising and/or Fund Distribution

Non-representatives - add comments:

Amount of income in 2013: $69,149 (it was $55,885 in 2012)

This organization:	$69,149
Other organizations performing similar types of work:	$115,830

Assets in 2013: $1,390,445 (it was $1,388,866 in 2012)

This organization:	$1,390,445
Other organizations performing similar types of work:	$74,257

Expenses in 2013: $79,603

Betty Huse M D Charitable Foundation:	$79,603
Other organizations performing similar types of work:	$62,975

Income to expenses ratio in 2013: 0.9

This organization:	0.9
Other organizations performing similar types of work:	1.1

Grants share in income in 2013: 0.0%

Betty Huse M D Charitable Foundation:	0.0%
Other organizations performing similar types of work:	100.0%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

	Revenue and expenses per books	Net investment income	Adjusted net income	Disbursements for charitable purposes (cash basis only)
Analysis of Revenue and Expenses (for 2013)
Total revenue	$69,149	$69,149	$56,793
Contributions, gifts, grants, etc., received	$0
Interest on savings and temporary cash investments	$0
Dividends and interest from securities	$56,793
Gross rents	$0
Gross sales price for all assets	$12,356
Gross profit from sales of goods	$0
Other income	$0
Other	$12,356
Total expenses and disbursements	$79,603	$9,603	$9,603	$79,603
Compensation of officers, directors, trustees, etc.	$0
Pension plans, employee benefits	$0
Legal fees	$5,000
Accounting fees	$0
Interest	$0
Depreciation	$0
Occupancy	$0
Travel, conferences, and meetings	$0
Printing and publications	$0
Total operating and administrative expenses	$9,603	$9,603		$9,603
Contributions, gifts, grants paid	$70,000
Excess of revenue over expenses and disbursements	$-10,454
Net investment income		$59,546
Adjusted net income			$47,190

	2011		2012		2013
Balance Sheets
	Book Value	Fair Market Value	Book Value	Fair Market Value	Book Value	Fair Market Value
Total assets	$1,324,211	$1,534,734	$1,388,866	$1,580,450	$1,390,445	$1,585,846
Cash - non-interest-bearing	$100,104		$110,904		$128,001
Investments-U.S. and state government obligations	$0		$0		$0
Investments-corporate stock	$829,415		$892,164		$880,413
Investments-corporate bonds	$343,423		$336,313		$343,248
Investments-mortgage loans	$0		$0		$0
Investments-other	$51,269		$49,485		$38,783
Other assets			$0		$0
Total liabilities	$0		$0		$0
Total liabilities and net assets/fund balances	$1,324,211		$1,388,866		$1,390,445

	2011	2012	2013
Capital Gains and Losses for Tax on Investment Income
Capital gain net income	$0	$96,565	$12,356
Net capital loss	$0	$0	$0

	2011	2012	2013
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	$2,803	$1,450	$1,191
Total credits and payments	$655	$0	$1,478
Current year estimated tax payments and previous year's overpayment credited to current year	$655	$0	$1,478
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	$4	$28	$0
Tax due		$1,478	$0
Overpayment		$0	$287
Amount to be credited to next year's estimated tax	$0	$0	$287

	2011	2012	2013
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

	2011	2012	2013
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?	Yes	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?		No	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

	2011	2012	2013
Minimum Investment Return
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes	$1,739,495	$1,604,603	$1,587,935
Net value of noncharitable-use assets		$1,580,534	$1,564,116
Minimum investment return	$85,670	$79,027	$78,206

	2011	2012	2013
Distributable Amount
Distributable amount	$82,867	$77,577	$77,015

	2011	2012	2013
Undistributed Income
Distributable amount for this year	$82,867	$77,577	$77,015
Undistributed income for this year. This amount must be distributed in the next year	$77,997	$72,592	$70,004

	2013	2012	2011	2010	Total
Private Operating Foundations (for 2010 - 2013)
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 2013)
Grants approved for future payment	$0

	Amount	Related or exempt function income
Analysis of Income-Producing Activities (for 2013)
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	$0	$0

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
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

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Wrangell Institute For Science And Environment	Hc 60 Box 338a, Copper Center, AK 99573-9705	AK	2002-03	$130,778
2	Swift Foundation	1157 Coast Village Road Ste A, Santa Barbara, CA 93108	CA	2002-08	$12,840,145
3	Micronesia Conservation Trust	Pohnpei Fm 96941, Kolonia	international	2010-07	$4,949,455
4	Butler Outdoor Education Fund	C/O Dhru Patel Amin 60 Cuttermill, Great Neck, NY 11021	NY	2013-01	$1,740,000
5	Seaworld & Busch Gardens Conservation Fund	9205 South Park Center Loop, Orlando, FL 32819-8651	FL	2003-09	$1,099,131
6	Lake Tahoe Conservation Fund, The Tahoe Fund	Po Box 7124, Tahoe City, CA 96145	CA	2010-11	$869,779
7	Ajp Educational Foundation Inc	10101 S Roberts Rd, Palos Hills, IL 60465-1556	IL	2010-03	$824,710
8	Omaha Parks Foundation Inc	1819 Farnam Street Suite 701, Omaha, NE 68183	NE	2011-01	$808,726
9	The Hoosier Environmental Council Inc	3951 N Meridian St Ste 100, Indianapolis, IN 46208-4062	IN	1985-05	$695,014
10	Savannah Ocean Exchange	480 Butler Ave, Savannah, GA 31406-8825	GA	2011-05	$572,632
11	Ian Somerhalder Foundation	10990 Wilshire Blvd Fl 8, Los Angeles, CA 90024-3918	CA	2011-03	$522,384
12	Turtle Lake Wildlife Foundation	PO BOX 99027, Troy, MI 48099-9027	MI	2003-11	$333,333
13	Sunshine Polka-Dot Foundation	584 Castro Street 206, San Francisco, CA 94114-2512	CA	2008-09	$267,479
14	New Orleans Oyster Festival	1 Galleria Blvd Ste 2100, Metairie, LA 70001-7588	LA	2010-12	$252,795
15	Betty Huse M D Charitable Foundation	6 Upland Rd Ste Apt S-3, Baltimore, MD 21210-2247	MD	2001-11	$69,149
16	Friends Of Herring Run Parks Inc	PO BOX 16167, Baltimore, MD 21218-0367	MD	2014-09	$12,261
17	Daniel Bowles Memorial Foundation	12531 Gracewood Dr, Baltimore, MD 21220-1237	MD	2012-09	$8,519
18	Costa Rica Kids Environmental Education Foundation Inc	PO BOX 26, Crumpton, MD 21628	MD	2010-12	$0
19	Piedmont Environmental And Education Foundation Inc	Po Box 442, Barnesville, MD 20838	MD	2006-02	$0
20	Roatan Marine Park International Inc	1509 Battery Ave, Baltimore, MD 21230-4614	MD	2015-03	$0

Number of organizations performing similar types of work

Alaska	1
Alabama	1
Arkansas	1
California	37
Colorado	9
District of Columbia	8
Delaware	1
Florida	11
Georgia	5
Hawaii	5
Iowa	3
Illinois	3
Indiana	4
Kansas	3
Louisiana	2
Massachusetts	5
Maryland	6
Michigan	4
Minnesota	5
Missouri	1
Mississippi	1

North Carolina	4
North Dakota	5
Nebraska	1
New Hampshire	1
New Jersey	3
New Mexico	1
Nevada	3
New York	9
Ohio	4
Oklahoma	2
Oregon	1
Pennsylvania	4
South Carolina	1
Texas	10
Utah	1
Virginia	8
Vermont	2
Washington	4
Wisconsin	7
International	1

Total

188

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