Joseph Marks Foundation Inc in Potomac, 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
| Joseph Marks Foundation Inc | |
| Employer Identification Number (EIN) | 237029103 |
| Name of Organization | Joseph Marks Foundation Inc |
| In Care of Name | Weiss & Co |
| Address | 10836 Pleasant Hill Dr, Potomac, MD 20854-1511 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 06/1969 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 05/2012 |
| Assets | $100,000 to $499,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $137,035 |
| Amount of Income | $3,982 |
| Form 990 Revenue Amount | $3,982 |
Non-representatives - add comments:
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 | $3,982 | $3,982 | $3,982 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $11 | |||
| Dividends and interest from securities | $3,971 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $7,274 | $0 | $0 | $7,150 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $124 | $0 | $0 | |
| Contributions, gifts, grants paid | $7,150 | |||
| Excess of revenue over expenses and disbursements | $-3,292 | |||
| Net investment income | $3,982 | |||
| Adjusted net income | $3,982 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $137,035 | $175,596 |
| Cash - non-interest-bearing | $48,690 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $7,957 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $80,388 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $137,035 | |
| 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 | $40 |
| Total credits and payments | $151 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $151 |
| 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 |
| Tax due | $0 |
| Overpayment | $111 |
| Amount to be credited to 2013 estimated tax | $111 |
| 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 | $172,478 |
| Net value of noncharitable-use assets | $169,900 |
| Minimum investment return | $8,495 |
| 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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| Other organizations in Maryland | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Joppatowne Recreation Council Inc | PO BOX 95, Joppa, MD 21085-0095 | MD | 1981-09 | $331,935 |
| 2 | Jorgensen Family Foundation Inc | PO BOX 237, Buckeystown, MD 21717-0237 | MD | 1996-11 | $7,012,815 |
| 3 | Joseph Allan Offen Foundation Inc | 6701 Democracy Blvd Ste 515, Bethesda, MD 20817-7507 | MD | 1997-03 | $2,286 |
| 4 | Joseph And Anna Smith Foundation | C/O Jc Smith, Rockville, MD 20852 | MD | 1949-11 | $50,188 |
| 5 | Joseph And Annette Cooper Family Foundation Inc | 101 W Mount Royal Ave, Baltimore, MD 21201-5708 | MD | 2000-02 | $35,380 |
| 6 | Joseph And Catharine Tarr Charitable Foundation Inc | 705 York Rd, Baltimore, MD 21204-2504 | MD | 2003-05 | $4 |
| 7 | Joseph And Debra Weinberg Familyfoundation Inc | C/O Katz Abosch 9690 Deereco Rd No, Timonium, MD 21093 | MD | 2006-03 | $2,030,650 |
| 8 | Joseph And Nelly Birnbaum Family Foundation Inc | 101 W Mount Royal Ave, Baltimore, MD 21201-5708 | MD | 1988-11 | $702 |
| 9 | Joseph And Sarah Weinberg Foundation Inc | 10045 Red Run Blvd Ste 250, Owings Mills, MD 21117-5907 | MD | 1992-12 | $531,489 |
| 10 | Joseph D Baker Fund Inc | 7431 Willow Rd Unit 37, Frederick, MD 21702-2506 | MD | 1957-01 | $307,527 |
| 11 | Joseph Marks Foundation Inc | 10836 Pleasant Hill Dr, Potomac, MD 20854-1511 | MD | 1969-06 | $3,982 |
| 12 | Joseph Patrick Memorial Fdn Inc | 2200 Research Blvd Suite 540, Rockvile, MD 20850 | MD | 2003-12 | $0 |
| 13 | Joseph R Robinson Foundation Inc | 15757 Crabbs Branch Way, Rockville, MD 20855-2634 | MD | 1995-01 | $1 |
| 14 | Joseph Richey House Inc | 838 N Eutaw St, Baltimore, MD 21201-4624 | MD | 1980-11 | $5,344,210 |
| 15 | Joseph S Keelty Foundation Inc | PO BOX 134, Stevenson, MD 21153-0134 | MD | 1981-09 | $440,937 |
| 16 | Joseph Sacco Scholarship Fund, Heindel David Ttee | 5201 Auth Way, Camp Springs, MD 20746-4211 | MD | 1991-12 | $155 |
| 17 | Joseph Vigman Foundation Inc | 36 S Charles St Ste 2300, Baltimore, MD 21201-3100 | MD | 1969-04 | $387,325 |
| 18 | Joseph W Stanley Char Remainder Annuity Tr Ua Dtd 120391, Egan Thomas J Ttee | 2191 Defense Hwy Ste 316, Crofton, MD 21114-2456 | MD | 2000-11 | $62,723 |
| 19 | Josephine Baynard Memorial Scholarship Fund | 1121 St Agnes Ln Apt 322, Baltimore, MD 21207-5187 | MD | 1996-09 | $1,503 |
| 20 | Joshua Generation International Academy Inc | PO BOX 503850 CK, Saipan, MD 20601 | MD | 1998-12 | $244,175 |
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