Chasen-Spero Foundation Inc in Bethesda, Maryland (MD)
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 Maryland
| Chasen-Spero Foundation Inc | |
| Employer Identification Number (EIN) | 521867855 |
| Name of Organization | Chasen-Spero Foundation Inc |
| In Care of Name | Nancy H Chasen |
| Address | 7826 Overhill Rd, Bethesda, MD 20814-1157 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 05/1994 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 09/2010 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $264,029 |
| Amount of Income | $90,117 |
| Form 990 Revenue Amount | $64,039 |
Non-representatives - add comments:
Revenue for 2011
Expenses 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 | $64,039 | $64,039 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $8,058 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $55,981 | |||
| Total expenses and disbursements | $43,950 | $1,326 | $0 | $30,124 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $2,850 | $1,326 | $1,524 | |
| Contributions, gifts, grants paid | $41,100 | |||
| Excess of revenue over expenses and disbursements | $20,089 | |||
| Net investment income | $62,713 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $284,118 | $244,022 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $279,182 | |
| Other | $4,936 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $284,118 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $55,981 |
| 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 | $627 |
| Total credits and payments | $901 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $201 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $700 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Overpayment | $274 |
| Amount to be credited to 2012 estimated tax | $274 |
| 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 | $324,440 |
| Net value of noncharitable-use assets | $319,580 |
| Minimum investment return | $15,979 |
| Distributable Amount (for 2011) | |
| Distributable amount | $15,352 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $15,352 |
| 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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| Other organizations in Maryland | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Charlotte Hall School Board Of Trustees, Charlotte Hall Veterans Home | 24665 Hollywood Rd, Charlotte Hall, MD 20626 | MD | 1989-12 | $25,117 |
| 2 | Charm City Housing Associates Inc | 2918-B Glenmore Avenue, Baltimore, MD 21214 | MD | 1997-12 | $83,436 |
| 3 | Charm Citys Choice Inc | 2307 Bryant Ave, Baltimore, MD 21217-1908 | MD | 2002-05 | $18,798 |
| 4 | Charrock Foundation Charitable Tr Agrmnt, Charrier J William Jr & Anne S Ttee | 11601 Springridge Rd, Potomac, MD 20854-1110 | MD | 2002-06 | $159,117 |
| 5 | Charter Schools Development Corporation | 6731 Columbia Gateway Dr Ste 220, Columbia, MD 21046-2165 | MD | 1998-08 | $5,347,414 |
| 6 | Chartwell Foundation | 1 Chartwell Dr, Severna Park, MD 21146-1442 | MD | 2006-01 | $104,013 |
| 7 | Charuhas Foundation Inc | 13504 Brandywine Rd, Brandywine, MD 20613-5902 | MD | 2007-09 | $173,954 |
| 8 | Chase Creek Swim Club Inc | PO BOX 29, Arnold, MD 21012-0029 | MD | 1973-02 | $102,932 |
| 9 | Chase Home Inc | 2553 Housley Rd Ste 200, Annapolis, MD 21401-6768 | MD | 1945-01 | $3,688,943 |
| 10 | Chase Waverly Foundation Inc | PO BOX 305, Maryland Line, MD 21105-0305 | MD | 2000-07 | $1 |
| 11 | Chasen-Spero Foundation Inc | 7826 Overhill Rd, Bethesda, MD 20814-1157 | MD | 1994-05 | $90,117 |
| 12 | Chcc Foundation | 442 N Potomac St, Hagerstown, MD 21740-3829 | MD | 2004-03 | $119,983 |
| 13 | Check Foundation Inc, The Foundation | 1 Park Pl Ste 200, Annapolis, MD 21401-3581 | MD | 2005-07 | $298,308 |
| 14 | Cheer Spot | 12610 Princeleigh Street, Upper Marlboro, MD 20774 | MD | 2003-07 | $0 |
| 15 | Chelonia Institute | 15800 Darnestown Rd, Germantown, MD 20874-3205 | MD | 1977-07 | $131,068 |
| 16 | Chelsea Manor | 2309 Chelsea Ter, Baltimore, MD 21216-2111 | MD | 1997-02 | $123,244 |
| 17 | Chemical People Task Force Of Cherry Hill Inc | 2700 Seamon Ave, Baltimore, MD 21225-1117 | MD | 1988-06 | $78,293 |
| 18 | Chen Foundation Inc | 2406 Henslowe Dr, Potomac, MD 20854-6178 | MD | 1997-10 | $127,402 |
| 19 | Cherry Blossom Inc | 4963 Elm St Ste 106, Bethesda, MD 20814-7907 | MD | 1976-06 | $1,473,070 |
| 20 | Cherry Hill Development Corporation | 634 Cherry Hill Road, Baltimore, MD 21225 | MD | 1982-04 | $15,621 |
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