Ernestine Matthews Trust in Capon Bridge, West Virginia (WV)
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 West Virginia
| Ernestine Matthews Trust | |
| Employer Identification Number (EIN) | 526059006 |
| Name of Organization | Ernestine Matthews Trust |
| In Care of Name | Glenn L Archer Trustee |
| Address | PO BOX 456, Capon Bridge, WV 26711-0456 |
| Activities | Gifts, grants, or loans to other organizations, Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 03/1967 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $500,000 to $999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $931,179 |
| Amount of Income | $1,211,733 |
| Form 990 Revenue Amount | $-9,654 |
Non-representatives - add comments:
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 | $-9,654 | $21,251 | $21,251 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $19,140 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $72,062 | $0 | $0 | $71,817 |
| Compensation of officers, directors, trustees, etc. | $6,000 | |||
| Total operating and administrative expenses | $7,062 | $0 | $6,817 | |
| Contributions, gifts, grants paid | $65,000 | |||
| Excess of revenue over expenses and disbursements | $-81,716 | |||
| Net investment income | $21,251 | |||
| Adjusted net income | $21,251 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $931,179 | $924,218 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $737,212 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $93,843 | |
| Other | $100,124 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $931,179 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $-28,794 |
| 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 | $213 |
| Total credits and payments | $569 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $569 |
| 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 |
| Overpayment | $356 |
| Amount to be credited to 2012 estimated tax | $356 |
| 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? | Yes |
| 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 | $793,295 |
| Net value of noncharitable-use assets | $781,400 |
| Minimum investment return | $39,070 |
| Distributable Amount (for 2011) | |
| Distributable amount | $38,857 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $38,857 |
| 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 |
| Write your review! |
|
|
| Recently Added Reviews |
Capon Glen Property Owners Association Inc in Capon Bridge, WV
 |
|
International Association Of Machinists & Aerospace Workers in Genoa, WV
|
| Save A Kitty Feral Cat Program Inc in Parkersburg, WV |
|
Santa Jeff Foundation in Huntington, WV
|
|
Keith Full Gospel Church in Owgas, WV
|
|
New River Jazz in Beckley, WV
|
Prison Fellowship Ministries Of Kanawha Valley in Saint Albans, WV
 |
|
Order Of Ahepa Daughters Of Penelope 256 Semale, Daughters Of Penelope Chapter 256 in Wheeling, WV
|
|
Positive Spin Incorporated in Morgantown, WV
|
|
Movercise in Wheeling, WV
|
| Other organizations in West Virginia | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Disabled American Veterans, Keyser Chapter | 432 N Main St, Keyser, WV 26726-3337 | WV | 1942-06 | $3,857 |
| 2 | Disabled Sports Usa, Challenged Athletes Of W Virginia | 198 George St, Beckley, WV 25801-2608 | WV | 1975-01 | $96,553 |
| 3 | Discover The Real West Virginia Foundation Inc | 405 Capitol St Ste 512, Charleston, WV 25301-1783 | WV | 1993-06 | $210,501 |
| 4 | District Carpenters-Millwrights Joint Apprenticeship & Training, Carpenters Jatc | Wv Carpenter Training Center 110, Parkersburg, WV 26104 | WV | 1991-06 | $51,560 |
| 5 | Ditc Environmental Education Foundation Inc | PO BOX 370, Shendoah Jct, WV 25442-0370 | WV | 2000-04 | $4,770 |
| 6 | Doctors Care Of Cabell County Inc | 1934 11th Ave, Huntington, WV 25701 | WV | 1993-12 | $0 |
| 7 | Doddridge County Emergency Squad In C | PO BOX 115, West Union, WV 26456-0115 | WV | 2004-12 | $947,161 |
| 8 | Doddridge County Fair Commission Inc | PO BOX 38, West Union, WV 26456-0038 | WV | 1991-03 | $129,716 |
| 9 | Doddridge County Family Resource Network Inc | 3076 Big Isaac Rd, Salem, WV 26426-5522 | WV | 1999-11 | $48,679 |
| 10 | Doddridge County Starting Point Center Inc | PO BOX 206, Smithburg, WV 26436-0206 | WV | 2003-09 | $73,000 |
| 11 | Ernestine Matthews Trust | PO BOX 456, Capon Bridge, WV 26711-0456 | WV | 1967-03 | $1,211,733 |
| 12 | Douglass Cammack Youth Football League | PO BOX 2305, Huntington, WV 25724-2305 | WV | 2002-11 | $29,833 |
| 13 | Downtown Weirton Business And Civic Association | 3374 Main Street, Weirton, WV 26062 | WV | 2008-03 | $0 |
| 14 | Dr And Mrs Charles O Reynolds Medical Scholarship Fund | 1900 Third Ave Bank Trustee, Huntington, WV 25703 | WV | $4,205 | |
| 15 | Dr Dante Castrodale Scholarship Foundation | PO BOX 950, Bluefield, WV 24701-0950 | WV | 1987-12 | $53,776 |
| 16 | Dr O M & Ruth A Harper Family Foundation Inc | 500 Virginia St E Ste 1000, Charleston, WV 25301-2156 | WV | 2004-02 | $177,316 |
| 17 | Dream Catchers | 2971 Pennsylvania Avenue, Charleston, WV 25302 | WV | 2004-12 | $2,850 |
| 18 | Dream Home Development Inc | 1500 E Little Kanawha Hwy # 1, Grantsville, WV 26147-8152 | WV | 2001-05 | $312,471 |
| 19 | Drs R W & J A Love Memorial Clinic, Love Memorial Clinic | 112 Kuykendall Ln, Moorefield, WV 26836-1167 | WV | 1975-02 | $1,452,022 |
| 20 | Dugout Club | Po Box 265, Harper, WV 25851 | WV | 2005-12 | $20,518 |
Organization representatives - add corrected or new information about Ernestine Matthews Trust »
Non-representatives - add comments about Ernestine Matthews Trust»