The Frederick S Balsam Sr Charitable Trust in Darnestown, Maryland (MD)

The Frederick S Balsam Sr Charitable Trust
Employer Identification Number (EIN)	521602528
Name of Organization	The Frederick S Balsam Sr Charitable Trust
Address	14820 Kelley Farm Dr, Darnestown, MD 20874-3620
Activities	Gifts, grants, or loans to other organizations
Subsection	Charitable Organization, Educational Organization
Ruling Date	05/1989
Deductibility	Contributions are deductible
Foundation	Private non-operating foundation
Organization	Trust
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2013
Assets	$100,000 to $499,999
Income	$100,000 to $499,999
Filing Requirement	990 - Not required to file (all other)
Asset Amount	$325,514
Amount of Income	$118,277
Form 990 Revenue Amount	$7,157

Non-representatives - add comments:

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	$20,598	$20,598	$0
Contributions, gifts, grants, etc., received	$0
Interest on savings and temporary cash investments	$0
Dividends and interest from securities	$6,279
Gross rents	$0
Gross sales price for all assets	$107,836
Gross profit from sales of goods	$0
Other income	$4,162
Other	$10,157
Total expenses and disbursements	$16,889	$1,722	$0	$14,285
Compensation of officers, directors, trustees, etc.	$0
Pension plans, employee benefits	$0
Legal fees	$0
Accounting fees	$675
Interest	$0
Depreciation	$0
Occupancy	$0
Travel, conferences, and meetings	$0
Printing and publications	$0
Total operating and administrative expenses	$2,604	$1,722		$0
Contributions, gifts, grants paid	$14,285
Excess of revenue over expenses and disbursements	$3,709
Net investment income		$18,876
Adjusted net income			$0

	2011		2012		2013
Balance Sheets
	Book Value	Fair Market Value	Book Value	Fair Market Value	Book Value	Fair Market Value
Total assets	$282,108	$282,108	$304,184	$304,184	$325,514	$325,514
Cash - non-interest-bearing	$3,595		$601		$2,934
Investments-U.S. and state government obligations	$0		$0		$0
Investments-corporate stock	$276,379		$282,859		$224,378
Investments-corporate bonds	$0		$0		$0
Investments-mortgage loans	$0		$0		$0
Investments-other	$0		$0		$0
Other assets			$0		$0
Total liabilities	$1		$1		$1
Mortgages and other notes payable	$0		$0		$0
Other liabilities			$0		$0
Total liabilities and net assets/fund balances	$282,108		$304,184		$325,514

	2011	2012	2013
Capital Gains and Losses for Tax on Investment Income
Capital gain net income	$0	$3,024	$10,157
Net capital loss	$-2,677	$0	$0

	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
Tax based on investment income	$115	$187	$378
Total credits and payments	$0	$187	$0
Any penalty for underpayment of estimated tax	$0	$0	$0
Tax due		$0	$378
Overpayment		$0	$0
Amount to be credited to next year's estimated tax	$0	$0	$0

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

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

	2011	2012	2013
Minimum Investment Return
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes	$292,436	$295,286	$310,979
Net value of noncharitable-use assets		$290,857	$306,314
Minimum investment return	$14,402	$14,543	$15,316

	2011	2012	2013
Distributable Amount
Distributable amount	$14,287	$14,356	$14,938

	2011	2012	2013
Undistributed Income
Distributable amount for this year	$14,287	$14,356	$14,938
Undistributed income for this year. This amount must be distributed in the next year	$3,876	$9,692	$10,345

	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	$0	$0
Dividends and interest from securities	$0	$6,279

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

Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review

Would you recommend The Frederick S Balsam Sr Charitable Trust to others? (optional)

Yes

Add photo of The Frederick S Balsam Sr Charitable Trust (optional)

About You

Your nickname:
I have read, and agree to the Terms of Service

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

	Log in» \| Register - it's free and very quick!
Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
	Show my IP address (18.224.57.xxx) to everybody
	Leave your signature» Clear Make my signature public

Recently Added Reviews
Theocracy International Ministries Inc, Theocracy Christian Center in Capitol Hgts, MD
Phoenix Wildlife Center Inc in Phoenix, MD
Alpha Scholarship Endowment Fund Of Iul Chapter Of Alpha Phi Alpha in Silver Spring, MD
Bright Eyes Sanctuary Inc in Hagerstown, MD
St Mary Episcopal Church in Woodlawn, MD
Turning Point Church in Rockville, MD
Beaverbrook Community Association Inc in Columbia, MD
Skye Foundation Inc in Suitland, MD
Kidcare Fund Inc in Towson, MD
Scholars Pointe Academy Inc in Bowie, MD

Recently Added Reviews

Theocracy International Ministries Inc, Theocracy Christian Center in Capitol Hgts, MD

Phoenix Wildlife Center Inc in Phoenix, MD

Alpha Scholarship Endowment Fund Of Iul Chapter Of Alpha Phi Alpha in Silver Spring, MD

Bright Eyes Sanctuary Inc in Hagerstown, MD

St Mary Episcopal Church in Woodlawn, MD

Turning Point Church in Rockville, MD

Beaverbrook Community Association Inc in Columbia, MD

Skye Foundation Inc in Suitland, MD

Kidcare Fund Inc in Towson, MD

Scholars Pointe Academy Inc in Bowie, MD

Id	Name	Address	State	Established	Total Income
Other organizations in Maryland
1	The Dorothy L & Henry A Rosenberg Jr Foundation Inc	One N Charles St 22nd Fl, Baltimore, MD 21201-3740	MD	2001-07	$1,668,673
2	The Elizabeth Flick Charitable Foundation Inc	3125 Blendon Rd, Owings Mills, MD 21117-1659	MD	1983-02	$35,435
3	The Elsie & Marvin Dekelboum Foundaton Inc	4600 N Park Ave Plaza S, Chevy Chase, MD 20815-4518	MD	1990-04	$15,416,083
4	The Eternal Spring Association Inc	6310 Manor Woods Rd, Frederick, MD 21703-7910	MD	2014-10	$422,292
5	The Fabian Kolker Foundation Inc	5718 Uffington Rd, Baltimore, MD 21209-4435	MD	1983-02	$11,185
6	The Family Health And Education Institute Inc	705 Ardonia Ter, Uppr Marlboro, MD 20774-8982	MD	2007-02	$30,679
7	The Ferris Family Foundation	6616 Lybrook Ct, Bethesda, MD 20817-3029	MD	1992-05	$345,448
8	The Foundation For Education And Research On Mental Illness	131 Saint Andrews Rd, Severna Park, MD 21146-1539	MD	1990-10	$20,784
9	The Foundation For Marylands Future, Bainum Stewart Jr Ttee	8171 Maple Lawn Blvd Ste 375, Fulton, MD 20759-2531	MD	1995-01	$55,703
10	Frederick County Farm Museum Inc	8041 Pete Wiles Road, Middletown, MD 21769	MD	1979-03	$23,878
11	The Frederick S Balsam Sr Charitable Trust	14820 Kelley Farm Dr, Darnestown, MD 20874-3620	MD	1989-05	$118,277
12	The Free State Foundation Inc	10701 Stapleford Hall Dr, Potomac, MD 20854-4448	MD	2007-10	$964,682
13	The Friends Of Pakistan Club Inc	10821 Hob Nail Ct, Potomac, MD 20854-2560	MD	2002-05	$117,545
14	The Fund For African Relief And Education	PO BOX 7625, Silver Spring, MD 20907-7625	MD	1996-02	$71,236
15	The Garrett County Historical Society Inc	107 S 2nd St, Oakland, MD 21550-1519	MD	1980-03	$99,001
16	The George B Thomas Sr Learning Academy Inc	1401 Dennis Ave, Silver Spring, MD 20902-3827	MD	1996-04	$1,529,252
17	The George E Babylon Jr And Ruth J Babylon Charitable Foundation Inc	100 Light St Fl 1100, Baltimore, MD 21202-1185	MD	2003-03	$750,007
18	The George L Shields Foundation Inc	11140 Rockville Pike Ste 620, Rockville, MD 20852-3117	MD	1995-03	$13,567,568
19	The Greater Baltimore Board Of Realtors Charitable Foundation Inc	1954 Greenspring Drive, Timonium, MD 21093-4111	MD	2000-01	$74,222
20	The Greater Catonsville Chamber Of Commerce Inc	924 Frederick Rd, Catonsville, MD 21228-4516	MD	1996-03	$306,294

NonProfitFacts.com is not associated with, endorsed by, or sponsored by The Frederick S Balsam Sr Charitable Trust and has no official or unofficial affiliation with The Frederick S Balsam Sr Charitable Trust