Harry And Lea Gudelsky Foundation Inc in Silver Spring, Maryland (MD)

Harry And Lea Gudelsky Foundation Inc
Employer Identification Number (EIN)	521123363
Name of Organization	Harry And Lea Gudelsky Foundation Inc
Address	11900 Tech Rd, Silver Spring, MD 20904-1910
Subsection	Charitable Organization
Ruling Date	09/2014
Deductibility	Contributions are deductible
Foundation	Private non-operating foundation
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2013
Assets	$1,000,000 to $4,999,999
Income	$100,000 to $499,999
Filing Requirement	990 - Not required to file (all other)
Asset Amount	$1,906,463
Amount of Income	$357,165
Form 990 Revenue Amount	$137,720
National Taxonomy of Exempt Entities (NTEE)	Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations

Non-representatives - add comments:

Amount of income in 2013: $357,165 (it was $164,420 in 2012)

This organization:	$357,165
Other organizations performing similar types of work:	$105,489

Assets in 2013: $1,906,463 (it was $1,797,630 in 2012)

This organization:	$1,906,463
Other organizations performing similar types of work:	$325,460

Expenses in 2013: $28,545

Harry And Lea Gudelsky Foundation Inc:	$28,545
Other organizations performing similar types of work:	$49,058

Income to expenses ratio in 2013: 12.5

This organization:	12.5
Other organizations performing similar types of work:	1.0

Grants share in income in 2013: 0.0%

This organization:	0.0%
Other organizations performing similar types of work:	22.8%

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	$137,720	$81,466	$0
Contributions, gifts, grants, etc., received	$0
Interest on savings and temporary cash investments	$2,639
Dividends and interest from securities	$72,920
Gross rents	$0
Gross sales price for all assets	$280,846
Gross profit from sales of goods	$0
Other income	$760
Other	$61,401
Total expenses and disbursements	$28,545	$28,545	$0	$0
Compensation of officers, directors, trustees, etc.	$0
Pension plans, employee benefits	$0
Legal fees	$0
Accounting fees	$12,000
Interest	$0
Depreciation	$0
Occupancy	$0
Travel, conferences, and meetings	$0
Printing and publications	$0
Total operating and administrative expenses	$28,545	$28,545		$0
Contributions, gifts, grants paid	$0
Excess of revenue over expenses and disbursements	$109,175
Net investment income		$52,921
Adjusted net income			$0

	2009		2010		2011		2012		2013
Balance Sheets
	Book Value	Fair Market Value	Book Value	Fair Market Value	Book Value	Fair Market Value	Book Value	Fair Market Value	Book Value	Fair Market Value
Total assets	$1,983,924	$2,069,436	$1,943,071	$2,083,657	$1,767,322	$1,981,350	$1,797,630	$2,073,278	$1,906,463	$2,288,191
Cash - non-interest-bearing	$70,593		$38,406		$26,278		$24,066		$11,712
Investments-U.S. and state government obligations	$50,007		$50,007		$50,007		$50,007		$50,007
Investments-corporate stock	$829,685		$1,004,157		$955,995		$859,704		$1,034,585
Investments-corporate bonds	$601,107		$461,725		$368,694		$371,799		$373,497
Investments-mortgage loans	$0		$0		$0		$0		$0
Investments-other	$394,799		$353,199		$362,871		$404,069		$350,221
Other assets	$0		$0		$0		$0		$0
Total liabilities	$0		$0		$0		$0		$0
Total liabilities and net assets/fund balances	$1,983,924		$1,943,071		$1,767,322		$1,797,630		$1,906,463

	2009	2010	2011	2012	2013
Capital Gains and Losses for Tax on Investment Income
Capital gain net income	$0	$43,387	$0	$10,453	$61,401
Net capital loss	$-343,499	$0	$-52,804	$0	$0

	2009	2010	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	No	No
Tax based on investment income	$1,071	$1,814	$562	$1,250	$1,058
Total credits and payments	$4,169	$3,098	$1,392	$830	$0
Any penalty for underpayment of estimated tax	$0	$0	$0	$0	$23
Tax due	$0	$0	$0	$420	$1,081
Overpayment	$3,098	$1,284	$830	$0	$0
Amount to be credited to next year's estimated tax	$3,098	$1,284	$830	$0	$0

	2009	2010	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	No	No
Has the foundation engaged in any activities that have not previously been reported to the IRS?	No	No	No	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	No	No	No
Has the foundation filed a tax return on Form 990-T for this year?	No	No	No	No	No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?	No	No	No	No	No
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?	Yes	Yes	Yes	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	No	No
Did any persons become substantial contributors during the tax year?	No	No	No	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	No	No	No
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?	Yes	Yes	Yes	Yes	Yes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041	No	No	No	No	No

	2009	2010	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	No	No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?	No	No	No	No	No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?	No	No	No	No	No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?	No	No	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	No	No
Agree to pay money or property to a government official?	No	No	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	No	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	No	No	No
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?	No	No	No	No	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	No	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	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	No	No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?	No	No	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	No	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	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	No	No
Provide a grant to an individual for travel, study, or other similar purposes?	No	No	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	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	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	No	No	No
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?	No	No	No	No	No
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?	No	No	No	No	No

	2009	2010	2011	2012	2013
Minimum Investment Return
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes	$2,200,975	$2,422,683	$2,411,861	$2,515,115	$1,889,682
Net value of noncharitable-use assets	$2,167,960	$2,386,343	$2,405,233	$2,477,388	$1,861,337
Minimum investment return	$108,398	$119,317	$120,262	$123,869	$93,067

	2009	2010	2011	2012	2013
Distributable Amount
Distributable amount	$107,327	$117,503	$119,700	$122,619	$92,009

	2009	2010	2011	2012	2013
Undistributed Income
Distributable amount for this year	$107,327	$117,503	$119,700	$122,619	$92,009
Undistributed income for this year. This amount must be distributed in the next year	$0	$0	$0	$0	$0

	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	$2,639	$0
Dividends and interest from securities	$72,920	$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	Ruth Carol Fund Inc	PO BOX 1795, Baltimore, MD 21203-1795	MD	2005-06	$14,339,028
2	Frank E & Miriam Loveman Foundation Inc	10711 Red Run Blvd Ste 101, Owings Mills, MD 21117-5138	MD	2013-04	$9,096,785
3	Medway Charitable Trust	901 South Bond Street, Baltimore, MD 21231-3339	MD	2012-09	$7,231,925
4	The Ceres Foundation Inc 43j-74d54	18606 Reliant Dr, Gaithersburg, MD 20879-5422	MD	2002-05	$6,863,111
5	David D Smith Family Foundation Inc	10706 Beaver Dam Rd, Cockeysville, MD 21030-2207	MD	2013-08	$5,188,317
6	Roz And Marvin H Weiner Family Foundation Inc	PO BOX 487, Owings Mills, MD 21117-0487	MD	2009-02	$4,251,692
7	Wright Family Foundation, Wright Vernon H C Ttee	14626 Thornton Mill Rd, Sparks, MD 21152-9633	MD	2000-12	$3,957,194
8	Evelyn Johnson Charitable Foundation Inc	307 International Cir Ste 5703, Hunt Valley, MD 21030-1321	MD	2015-01	$3,775,925
9	A M Digiulian Foundation Inc	111 Rockville Pike Ste 475, Rockville, MD 20850-5162	MD	2013-03	$3,667,242
10	Helen J Serini Foundation Inc	471 Mountain Rd, Crownsville, MD 21032-1610	MD	2015-04	$3,664,594
11	Olive Tree Charitable Foundation Inc	5009 Honeygo Center Dr Ste 200, Perry Hall, MD 21128-9842	MD	2013-03	$2,714,471
12	David And June Trone Family Foundation	11417 Skipwith Ln, Potomac, MD 20854-1640	MD	2011-11	$2,537,124
13	The Dorney-Koppel Family Charitable Foundation Inc	10701 Ardnave Pl, Potomac, MD 20854-1261	MD	2000-05	$2,337,483
14	Payne Family Foundation	100 Light Street, Baltimore, MD 21202-1036	MD	2011-09	$2,013,881
15	The@anne Lindsey Otenasek Charitable Foundation Inc	405 E Joppa Rd Ste 200, Baltimore, MD 21286-5467	MD	2004-08	$1,895,787
16	V & S Foundation Inc	17700 Cliffbourne Ln, Rockville, MD 20855-1102	MD	2008-09	$1,849,569
17	The@william J Shaw Family Foundation Inc	10833 Alloway Dr, Potomac, MD 20854-1504	MD	2001-11	$1,804,590
18	Rhonas Place Foundation	22 W Pennsylvania Ave Ste 606, Towson, MD 21204-5005	MD	2011-08	$1,772,349
19	The Stewart And Marlene Greenebaum Family Foundation Inc	1829 Reisterstown Rd Ste 410, Baltimore, MD 21208-7107	MD	1998-12	$1,550,796
20	Herman & Walter Samuelson Foundation Inc	409 Washington Ave Ste 900, Towson, MD 21204-4906	MD	2011-09	$1,493,076

Number of organizations performing similar types of work

Alaska	25
Alabama	219
Arkansas	78
Arizona	303
California	2,586
Colorado	408
Connecticut	419
District of Columbia	111
Delaware	583
Florida	1,525
Georgia	481
Hawaii	85
Iowa	178
Idaho	58
Illinois	1,113
Indiana	311
Kansas	157
Kentucky	167
Louisiana	161
Massachusetts	705
Maryland	425
Maine	85
Michigan	619
Minnesota	384
Missouri	346
Mississippi	70

Montana	69
North Carolina	788
North Dakota	20
Nebraska	169
New Hampshire	75
New Jersey	876
New Mexico	92
Nevada	215
New York	2,617
Ohio	698
Oklahoma	228
Oregon	208
Pennsylvania	1,086
Rhode Island	184
South Carolina	171
South Dakota	32
Tennessee	266
Texas	1,263
Utah	274
Virginia	477
Vermont	54
Washington	401
Wisconsin	354
West Virginia	69
Wyoming	63
International	44

Total

22,395

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