Empower Baltimore Management Corporation, The Abell Foundation in Baltimore, 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
- Organizations performing similar types of work
| Empower Baltimore Management Corporation, The Abell Foundation | |
| Employer Identification Number (EIN) | 521908807 |
| Name of Organization | Empower Baltimore Management Corporation |
| Secondary Name | The Abell Foundation |
| In Care of Name | Empower Baltimore |
| Address | PO BOX 38148, Baltimore, MD 21231-8148 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Area development, redevelopment of renewal |
| Subsection | Charitable Organization |
| Ruling Date | 11/1995 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $3,124,931 |
| Amount of Income | $126,004 |
| Form 990 Revenue Amount | $-10,209 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Urban, Community Economic Development |
Non-representatives - add comments:
Amount of income in 2012: $126,004 (it was $-10,209 in 2011)
| This organization: | $126,004 |
| Other organizations performing similar types of work: | $141,217 |
Assets in 2012: $3,124,931 (it was $4,709,943 in 2011)
| This organization: | $3,124,931 |
| Other organizations performing similar types of work: | $121,026 |
Expenses in 2012: $1,886,675
| Empower Baltimore Management Corporation, The Abell Foundation: | $1,886,675 |
| Other organizations performing similar types of work: | $118,087 |
Income to expenses ratio in 2012: 0.1
| This organization: | 0.1 |
| Other organizations performing similar types of work: | 1.6 |
Grants share in income in 2012: 0.0%
| Empower Baltimore Management Corporation, The Abell Foundation: | 0.0% |
| Other organizations performing similar types of work: | 87.4% |
Revenue for 2012
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 | $126,004 | $59,272 | $126,004 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $59,272 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $66,732 | |||
| Total expenses and disbursements | $1,886,675 | $6,107 | $15,281 | $1,865,287 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $141,675 | $6,107 | $120,287 | |
| Contributions, gifts, grants paid | $1,745,000 | |||
| Excess of revenue over expenses and disbursements | $-1,760,671 | |||
| Net investment income | $53,165 | |||
| Adjusted net income | $110,723 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $3,124,931 | $3,124,931 |
| Cash - non-interest-bearing | $7,726 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $927,899 | |
| Other | $2,189,306 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $3,124,931 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| 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 | $532 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $12 |
| Tax due | $544 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| 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 | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Ventura County Community Development Corporation | 2231 Sturgis Rd Unit A, Oxnard, CA 93030-7813 | CA | 2003-05 | $5,683,551 |
| 2 | Baltimore Arts Realty Corporation | 1122 Kenilworth Dr Ste 201, Towson, MD 21204-2143 | MD | 2014-03 | $1,423,000 |
| 3 | Central Baltimore Partnership Inc | 1800 N Charles St Ste 810, Baltimore, MD 21201-5987 | MD | 2008-12 | $544,407 |
| 4 | Washington Village-Pigtown Neighborhood Planning Council Inc | 904 Washington Blvd, Baltimore, MD 21230-2318 | MD | 1996-01 | $533,907 |
| 5 | Unity Economic Development Corporation | 5801 Allentown Rd # 309, Suitland, MD 20746-4563 | MD | 2003-01 | $280,332 |
| 6 | The Neighborhoods Of Greater Lauraville Inc, Neighborhoods Of Greater Lauraville | 4709 Harford Rd, Baltimore, MD 21214-3205 | MD | 1995-05 | $167,510 |
| 7 | Prt Reach Foundation Inc | 5850 Waterloo Rd Ste 140, Columbia, MD 21045-1944 | MD | 2011-06 | $102,430 |
| 8 | Downtown Columbia Partnership Inc | 10221 Wincopin Cir Ste 300, Columbia, MD 21044-3419 | MD | 2014-09 | $41,062 |
| 9 | Route 40 Business Association Inc | PO BOX 1203, Abingdon, MD 21009-6203 | MD | 1999-11 | $20,759 |
| 10 | Eastern Shore Leadership Council Inc | 315 High Street Ste 201, Chestertown, MD 21620 | MD | 2010-04 | $2,500 |
| 11 | 1911 United | 5627 Allentown Rd, Suitland, MD 20746 | MD | 2014-07 | $0 |
| 12 | America First Foundation Inc | 12308 Loch Carron Cir, Ft Washington, MD 20744-7017 | MD | 2003-08 | $0 |
| 13 | Baltimore Area Hispanic Community Development Corporation | 6000 Erdman Avenue, Baltimore, MD 21205-3044 | MD | 2010-02 | $0 |
| 14 | Baltimore Green Currency Association | 3728 Elm Avenue, Baltimore, MD 21211 | MD | 2014-12 | $0 |
| 15 | Brothers United Who Dare To Care | 131 W North Avenue, Hagerstown, MD 21740 | MD | 1997-12 | $0 |
| 16 | Carpenters House | 1907 Poplar Grove St, Baltimore, MD 21216-3142 | MD | 2015-04 | $0 |
| 17 | Central Prince Georges County Cdc | 1101 Mercantile Ln Ste 110, Largo, MD 20774-5360 | MD | 2005-08 | $0 |
| 18 | Hagerstown Revitalization Corporation | 35 West Baltimore Street, Hagerstown, MD 21740-6059 | MD | 2004-12 | $0 |
| 19 | Howard Park Stategic Planning And Development Corp, Howard Park Strategic Planning And Community Development Corporation Inc | Po Box 26417, Baltimore, MD 21207 | MD | 2003-06 | $0 |
| 20 | Macedonia Life Community Development Corporation | 718 W Lafayette Ave, Baltimore, MD 21217 | MD | 2013-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,538 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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