Richard Smith Trust in Philadelphia, Pennsylvania (PA)
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 Pennsylvania
| Richard Smith Trust | |
| Employer Identification Number (EIN) | 232175124 |
| Name of Organization | Richard Smith Trust |
| Address | 123 S Broad St 5th Fl, Philadelphia, PA 19109-1029 |
| Activities | Other recreational activities, Other youth organization or activities |
| Subsection | Charitable Organization |
| Ruling Date | 04/1943 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Organization terminating its private foundation status under section 507(b)(1)(B) of the Code |
| 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 | $1,789,445 |
| Amount of Income | $835,551 |
| Form 990 Revenue Amount | $204,724 |
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 | $94,729 | $93,875 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $5 | |||
| Dividends and interest from securities | $39,999 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $54,725 | |||
| Total expenses and disbursements | $126,960 | $18,004 | $0 | $102,677 |
| Compensation of officers, directors, trustees, etc. | $23,135 | |||
| Total operating and administrative expenses | $36,518 | $18,004 | $12,235 | |
| Contributions, gifts, grants paid | $90,442 | |||
| Excess of revenue over expenses and disbursements | $-32,231 | |||
| Net investment income | $75,871 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,799,755 | $1,940,373 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,313,169 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $427,177 | |
| Other | $59,409 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $1,799,755 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $54,725 |
| 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 | $1,517 |
| Total credits and payments | $3,732 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $3,732 |
| 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 | $2,215 |
| Amount to be credited to 2013 estimated tax | $1,520 |
| 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? | Yes |
| 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 | $1,917,723 |
| Net value of noncharitable-use assets | $1,888,960 |
| Minimum investment return | $94,448 |
| Distributable Amount (for 2012) | |
| Distributable amount | $92,931 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $92,931 |
| 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 Pennsylvania | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Retiree Medical Savings Account Plan, Rmsa Trust | PO BOX 535007, Pittsburgh, PA 15253-5007 | PA | 2007-09 | $553,485 |
| 2 | Railway Preservation News Inc | 100 Nursery Lane, Lancaster, PA 17603 | PA | 2003-11 | $0 |
| 3 | Research Foundation Of The American Rhododendron Society | 301 Caversham Rd, Bryn Mawr, PA 19010-2927 | PA | 1982-12 | $11,126 |
| 4 | Ring Chromosome 20 Foundation | 1600 Market St Fl 29, Philadelphia, PA 19103-7239 | PA | 2005-04 | $195,502 |
| 5 | Rodman-201 Welfare Fund | 3 Gateway Center 401 Liberty Ave St, Pittsburgh, PA 15222 | PA | 1954-06 | $1,782,825 |
| 6 | R Britt Fbo St Josephs Ch 4947-Tuw 1513093312 | 101n Independence Mall E Macy 1372, Philadelphia, PA 19106 | PA | $11,258 | |
| 7 | R Dale & Francis M Hughes Foundatn Tr, Hughes R Dale & Frances M Ttees | PO BOX 3215, Lancaster, PA 17604-3215 | PA | 1997-10 | $23,746,598 |
| 8 | R Monroe Hoffman Tuw Fbo First Uc Ch 1513102311 | 101n Independence Mall, Philadelphia, PA 19106 | PA | $16,144 | |
| 9 | Reading Church Omnibus Fund Trust 07-15992-00 | 101n Independence Mall, Philadelphia, PA 19106 | PA | $9,933 | |
| 10 | Reading Public Museum Endowment Tr Ua 1519155092 | 500 Museum Rd, Reading, PA 19611-1425 | PA | 2000-01 | $448,969 |
| 11 | Richard Smith Trust | 123 S Broad St 5th Fl, Philadelphia, PA 19109-1029 | PA | 1943-04 | $835,551 |
| 12 | Rock Properties Inc | 3 N Village Cir, Reinholds, PA 17569-9349 | PA | 1990-04 | $110,178 |
| 13 | Rolling Thunder Charities Inc, Rolling Thunder Inc | 633 Helen Ave, Greensburg, PA 15601 | PA | 2007-06 | $134,862 |
| 14 | Rona Stern Staut Hematology Foundation | 1633 Montgomery Ave, Villanova, PA 19085-1918 | PA | 1974-04 | $65,258 |
| 15 | Ranger Fam Charitable Tr | PO BOX 185, Pittsburgh, PA 15230-0185 | PA | 2000-02 | $2,392,734 |
| 16 | Ronald W Duncan Tr Fbo Harvey School | PO BOX 185, Pittsburgh, PA 15230-0185 | PA | 1991-11 | $91,327 |
| 17 | Roney Fitzpatrick Fdn | PO BOX 185, Pittsburgh, PA 15230-0185 | PA | 1966-08 | $164,034 |
| 18 | Rosa C & Henry A Sauter Scholarship Fund, Sauter Shirley L Ttee | PO BOX 185, Pittsburgh, PA 15230-0185 | PA | 2000-10 | $162,897 |
| 19 | Putnam History Prizes | PO BOX 609, Pittsburgh, PA 15230-0609 | PA | $286 | |
| 20 | R M Schultz Charitable Foundation | PO BOX 609, Pittsburgh, PA 15230-0609 | PA | $110,175 | |
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