Mark And Carol Hyman Fund, Susan H Besharov Ttee in Chevy Chase, 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
| Mark And Carol Hyman Fund, Susan H Besharov Ttee | |
| Employer Identification Number (EIN) | 046677395 |
| Name of Organization | Mark And Carol Hyman Fund |
| Secondary Name | Susan H Besharov Ttee |
| In Care of Name | Hemenway & Barnes |
| Address | 4518 Cumberland Ave, Chevy Chase, MD 20815-5466 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 12/1991 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $3,681,547 |
| Amount of Income | $653,042 |
| Form 990 Revenue Amount | $291,924 |
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 | $109,002 | $116,522 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $43,930 | |||
| Dividends and interest from securities | $57,000 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $15,592 | |||
| Total expenses and disbursements | $225,606 | $34,880 | $0 | $184,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $41,606 | $34,880 | $0 | |
| Contributions, gifts, grants paid | $184,000 | |||
| Excess of revenue over expenses and disbursements | $-116,604 | |||
| Net investment income | $81,642 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $3,711,076 | $3,870,676 |
| 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 | $3,630,358 | |
| Other | $80,718 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $3,711,076 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-7,520 |
| 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 | $1,633 |
| Total credits and payments | $5,200 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $5,200 |
| 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 | $8 |
| Tax due | $0 |
| Overpayment | $3,559 |
| Amount to be credited to 2013 estimated tax | $3,559 |
| 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 | $3,982,813 |
| Net value of noncharitable-use assets | $3,923,080 |
| Minimum investment return | $196,154 |
| Distributable Amount (for 2012) | |
| Distributable amount | $194,521 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $194,521 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $194,314 |
| 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 | Marion And Hugh Oakley Family Foundation Inc, Oakley Marion Ttee | 926 Rosalie Way, Salisbury, MD 21804-5266 | MD | 2001-09 | $8,250 |
| 2 | Marion I & Henry J Knott Foundation Inc | 3904 Hickory Avenue, Baltimore, MD 21211-1855 | MD | 1987-08 | $48,147,957 |
| 3 | Marion Meares Ministries Inc | 3305 Homewood Rd, Davidsonville, MD 21035-1222 | MD | 1998-07 | $20,493 |
| 4 | Marion Volunteer Fire Dept Inc | PO BOX 143, Marion, MD 21838-0143 | MD | 1938-12 | $155,004 |
| 5 | Maris Grove Inc | 701 Maiden Choice Ln, Baltimore, MD 21228-5968 | MD | 2008-03 | $66,513,139 |
| 6 | Maritime Republic Of East Port Ltd | PO BOX 3455, Annapolis, MD 21403-0455 | MD | 1999-04 | $72,584 |
| 7 | Maritime Technology Alliance Inc | 16710 Batchellors Forest Rd, Olney, MD 20832-2703 | MD | 2004-03 | $29,583 |
| 8 | Marjorie Cook Foundation | 101 W Mount Royal Ave, Baltimore, MD 21201-5708 | MD | 1978-10 | $68,351 |
| 9 | Marjorie House Inc | 1269 Lavall Dr, Davidsonville, MD 21035-1135 | MD | 1994-12 | $67,150 |
| 10 | Marjorie Webster Junior College Educational Scholarship Foundation | 7512 Honesty Way, Bethesda, MD 20817-5518 | MD | 1966-09 | $546 |
| 11 | Mark And Carol Hyman Fund, Susan H Besharov Ttee | 4518 Cumberland Ave, Chevy Chase, MD 20815-5466 | MD | 1991-12 | $653,042 |
| 12 | Mark T Birns Md And Ann Krieger Birns Family Foundation | 11413 Twining Ln, Potomac, MD 20854-1860 | MD | $9,540 | |
| 13 | Mark Trece Inc Health & Welfare | 2001 Stockton Rd, Joppa, MD 21085-1717 | MD | 1983-05 | $886,074 |
| 14 | Market Center Assoc | 10415 Stevenson Rd, Stevenson, MD 21153 | MD | 1999-04 | $112,561 |
| 15 | Marlboro Boys And Girls Club Inc | PO BOX 87, Uppr Marlboro, MD 20773-0087 | MD | 1987-05 | $663,033 |
| 16 | Marlboro Lodge No 1856 Loyal Order Of Moose | 15103 Marlboro Pike, Uppr Marlboro, MD 20772-3129 | MD | 1935-08 | $433,230 |
| 17 | Marlborough Horse Trails | 904 Decesaris Dr, Lothian, MD 20711-9515 | MD | 2002-07 | $34,403 |
| 18 | Marlborough Hunt Club | PO BOX 1250, Uppr Marlboro, MD 20773-1250 | MD | 1946-04 | $203,660 |
| 19 | Marlene B Vinson Home Of New Beginnings Inc | PO BOX 47356, Windsor Mill, MD 21244-0356 | MD | 1997-10 | $764,068 |
| 20 | Marlis Foundation Inc | 9707 Carmel Ct, Bethesda, MD 20817-1402 | MD | 2001-09 | $56,548 |
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